Andrea Electronics Corporation (OTCQB: ANDR) specializes in digital audio input enhancement software, array microphone technologies and is a leading developer of product solutions for voice user interfaces. Shares surged 135% through early trading on Tuesday, July 17, 2018. Over the past 30 days, Andrea Electronics Corporation has seen an average daily volume of 33,300 shares. However, through Tuesday morning alone, nearly 2.6 million shares traded hands, which equates to almost $389,000 in dollar volume.
Shares surged Tuesday morning after Andrea Electronics Corporation announced that the US Patent Office has made the ruling that the company’s foundational noise-cancelling patent will continue to be enforceable against infringement. This determination specifically referred to the two review proceedings Apple, Inc. initiated against Andrea Electronics Corporation’s patent, in an effort to invalidate Andrea’s claims. They will now be able to proceed and defend their intellectual property against the tech giant. Here is the full press release, detailing the US Patent Office’s determination:
Andrea Electronics Corporation Press Release:
BOHEMIA, N.Y., July 17, 2018 /PRNewswire/ — Andrea Electronics Corporation (OTCMKTS:ANDR) (Andrea), the pioneer of digital array microphones and noise reduction software that optimizes the performance of voice driven applications, is pleased to announce that the United States Patent Office has determined that certain claims in Andrea’s foundational noise cancelling patent are valid patent rights that should continue to be enforceable against infringers.
Specifically, the Patent Office issued final decisions finding that the two inter partes review proceedings Apple, Inc. initiated against U.S. Patent No. 6,363,345 failed to invalidate all of the patent claims that Andrea has asserted.
Douglas Andrea, CEO of Andrea Electronics Corporation stated that “the Patent Office’s decisions are important to Andrea’s patent enforcement as it puts all unlicensed infringers on notice of the value and novelty of Andrea’s intellectual property.”
An American Innovator
Andrea is an American-owned business since 1934. In the 60’s the company produced the astronaut audio system for the Project Mercury NASA space program, as well as avionic intercom systems used in F-16 fighter jets and military helicopters. Andrea’s microphone array and other advanced digital noise cancellation technologies have been embedded into hundreds of millions of personal computers and other devices. Most recently Andrea’s DA-250 digital array microphone was selected by Airbus for incorporation into CIMON, the first virtual assistant robot with Artificial Intelligence (AI) that is now operating as part of the “Horizons” project on the International Space Station.
About Andrea Electronics
Andrea Electronics Corporation designs, develops and manufactures audio technologies and equipment for enhancing applications requiring high performance quality voice input. The company’s patented Digital Super Directional Array (DSDA™), patented PureAudio™ and patented EchoStop™ far-field microphone technologies enhance a wide range of audio products to eliminate background noise and ensure the optimum performance of voice applications. Visit Andrea Electronics’ website at www.AndreaElectronics.com or call 1-800-442-7787.
