ReelTime VR, Inc. (OTC Pink: RLTR) is engaged within the development, production, and distribution of virtual reality technology and content. ReelTime’s virtual reality content is compatible with the Samsung Gear VR, Oculus, Veer VR, HTC Vive, YouTube 360, Facebook, and more. Shares of the virtual reality developer are soaring 72.66%, through early trading on Thursday, June 14, 2018. Over the past month, ReelTime VR, Inc. has seen average daily volume of 53,529 shares. However, volume of 173,000 shares or dollar volume of $4,273, has already exchanged hands through early trading on Thursday.
Shares of ReelTime VR, Inc. are surging on Thursday, after the company announced that it has received patent-pending notification from the U.S. Patent and Trademark Office regarding the company’s instanteous video capturing of 360-degree panorama pictures and video. The technology is compatible with cell phones, cameras and would allow users to generate stunning panoramic pictures and videos. Here is the full press release detailing of the patent-pending notification:
ReelTime VR, Inc. Press Release:
SEATTLE, June 14, 2018 (GLOBE NEWSWIRE) — ReelTime VR (OTCPK:RLTR) has received patent-pending status from the United States Patent and Trademark Office (USPTO) for their non-provisional patent application covering apparatus and method claims for technology involving simultaneous capturing of 360 X 360 degree Spherical Panorama Images and Video.
This technology will allow any cell phone or other camera to instantaneously capture 360 X 360 Virtual Reality Video or pictures without any need for stitching. The VR content is compatible with and can be shared via 360 capable social sites in real time such as Facebook, or YouTube, and on any professional VR platform such as Oculas, Gear VR, Veer VR, Playstation VR, Littlstar, and the HTC Vive.
The Patent application submitted just last year, successfully claims priority back to an earlier-filed provisional patent application to July 19, 2016.
The Simultaneous Spherical Panarama Image and Video Capturing System (code named the “Periramascope”), as described in the pending patent application as a “360-degree image and capturing system having no lenses, a single lens, or a plurality of lenses. The device directs light from a sphere surrounding the device to a single reflected aggregate image that is then transformed into a full 360 X 360 spherical image or any subset thereof…”
J.D. Houvener, CEO of Bold Patents and author of “Bold Ideas,” stated: “The intellectual property contained in the non-provisional patent application we filed on behalf of ReelTime VR has the potential to be completely industry shaping. Our team of experts was able to articulate the claims of the invention quite broadly so as to provide ReelTime VR with the strongest and broadest protections available to them.”
Barry Henthorn, CEO of ReelTime, stated: “Now that we feel we are on as stable ground as possible at this point with our pending patent at the non-provisional phase, we will be able to not only introduce new and exciting capabilities to the VR content creators but we are now able to protect ourselves against those who are infringing upon our intellectual property.”
About Bold Patents Expertise in Patent Law: www.boldpatents.com – Our main focus is to help inventors and business owners secure top-quality patents on their inventions. The process of getting a patent from the United States Patent and Trademark Office (USPTO) is called ‘patent prosecution’, and that is our primary focus at Bold Patents. For many inventors and emerging businesses, protecting patents (as well as other areas of intellectual property) is a big deal and often causes a lot of stress and anxiety. Our goal at Bold Patents is to take the stress and worry off your shoulders and put it squarely on ours!
About ReelTime VR: ReelTime Rentals, Inc. DBA ReelTime VR www.reeltime.com is a publicly traded company based in Seattle, WA (OTCPK:RLTR). ReelTime is in the business of developing, producing, and distributing Virtual Reality Content and technologies. We have end to end production, editing, and distribution capabilities for internal and external projects. ReelTime Currently produces three ongoing series for the Samsung Gear VR platform and distributes them over numerous VR delivery portals including Gear VR, Oculas, Veer VR, HTC Vive, YouTube 360, Facebook, and others.