SCOTTSDALE, Ariz. and RALEIGH, N.C., March 24, 2015 (GLOBE NEWSWIRE) -- Advanced Voice Recognition Systems, Inc. (OTCBB:AVOI) and Adapt IP Ventures LLC announced today an agreement to monetize AVRS' patent portfolio focused on speech recognition technologies. Adapt IP Ventures will be approaching leading groups with the goal of finding the best strategic partner to either acquire or license the AVRS patents.
AVRS' patent portfolio includes 2 patent families consisting of 5 patents and 2 pending applications with one family having a priority date in November 1995. This foundational IP has been cited over 150 times by industry leaders including Nuance, Apple, Microsoft, IBM, Philips, Voice Box, Custom Speech and Blackberry.
"AVRS has invested significant amounts into building, developing and patenting voice recognition technology and deserves to capitalize on its contributions to this important and growing market," stated Adapt IP Ventures' President, Grant Moss. "We will achieve this goal through managing the IP monetization process for AVRS going forward."
To receive more information about this offering, please contact Grant Moss at firstname.lastname@example.org.
About Advanced Voice Recognition Systems, Inc.
Advanced Voice Recognition Systems is a software development company with patented technology specializing in interface and application speech recognition technology. For more information please visit www.avrsys.com.
About Adapt IP Ventures, LLC
Adapt IP Ventures is a patent brokerage firm that provides advisory services to assist innovative firms in selling and extracting value from their patents. Knowing that each transaction can be unique, Adapt IP Ventures focuses on creating and executing custom strategies for each engagement to successfully evaluate, build, sell, and license patents and other intellectual property assets. www.adaptipventures.com
Note: This news release and the Company's web site referenced in this news release contain "forward looking statements" within the meaning of the federal securities laws regarding the future plans and expected performance of AVRS that are based on assumptions that AVRS considers reasonable. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated, including without limitation, the unpredictability of litigation and other contested actions, the availability of financing, general economic conditions and factors that are beyond the control of AVRS. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release. AVRS undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect any change in the expectations of AVRS with respect to these forward-looking statements.
CONTACT: Grant Moss Phone: 828-737-1601 Email: email@example.com
Source:Adapt IP Ventures, LLC