BRK Provides Shareholders an Update on its IP Portfolio
BRK, Inc. (OTC: BRKK) updated shareholders on its intellectual property (IP) portfolio on October 14, 2020. Highlights include U.S. Patent Application No. 62/967,180, related to technology for live-action broadcasting systems, filed on January 29, 2020. The company anticipates approximately 24 patents will emerge from this provisional filing. Additionally, BRK is expanding its IP portfolio to encompass blockchain applications for digital image encoding. The company emphasizes its commitment to evolving live-action broadcasting technology for various sports.
- Established a provisional patent related to live-action broadcasting technology, indicating innovation.
- Anticipates deriving approximately 24 individual patents from the initial filing, which may enhance competitive positioning.
- Expansion into blockchain applications may diversify revenue streams and bolster technological capabilities.
- Risks associated with the commercialization of newly-acquired technology.
- Potential difficulties in continuing development and protection of intellectual property.
- Need to raise capital to meet business requirements may impact financial stability.
HENDERSON, Nev., Oct. 14, 2020 /PRNewswire/ -- BRK, Inc. (the "Company") (OTC: BRKK) In response to ongoing queries from shareholders, the company wishes to offer clarity regarding its IP portfolio. Salient points are as follows:
- U.S. Patent Application No. 62/967,180.
- The Patent title and intellectual property covers technology for live-action camera, control, capture, routing, processing, and broadcasting system and method.
- Filed 1/29/2020
- Approximately 24 individual patents expected to be derived from the provisional patent filed
In addition to the above stated items the company is currently in the process of extending its IP portfolio to include cutting-edge blockchain applications, which will include the way digital images are initially encoded.
For any other queries, please feel free to email our IR team at: michael.kovacocy@gen2technologies.com
BRK Inc. (OTC PINK: BRKK), established in 2008, BRK is the next generation in live-action broadcasting technology. We are a full-service provider geared to professional leagues and athletes, whether it be traditional sports, extreme sports or esports, and that will allow fans to watch them in action from perspectives that do not exist today. Our niche is that we are a second screen content provider that does not pose a threat to first screen media but rather we provide the opportunity to pioneer complimentary content and campaigns. In addition to the above, Gen 2 technology is being developed for applications in security, law enforcement and other industrial verticals.
The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should," ''poised,'' and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those described in any of our other filings with the SEC. In addition, such statements could be affected by risks and uncertainties related to: (i) commercialization of our newly-acquired helmet camera, (ii) continuing development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, and (v) our ability to sell our products in order to generate revenues. Forward-Looking Statements are pertinent only as of the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this news release, will be deemed to supersede such statements in this news release. Information on BRK Inc.'s website, http://www.brkgen2.com does not constitute a part of this release.
Contact:
shareholder@brkincorporated.com
brkgen2.com
+1 (702) 572-5080
View original content:http://www.prnewswire.com/news-releases/brk-provides-shareholders-an-update-on-its-ip-portfolio-301152462.html
SOURCE BRK, Inc.
FAQ
What is the recent update from BRK Inc. regarding its intellectual property?
How many patents does BRK Inc. expect to derive from its recent filing?
What new technology is BRK Inc. incorporating into its IP portfolio?
What are the potential risks mentioned in BRK Inc.'s press release?
