ProntoForms Announces Granting of U.S. Patent
Patent covers methods and system for orchestrating services and data sharing on mobile devices
OTTAWA, Ont. - September 16, 2016 - ProntoForms Corporation (TSXV: PFM), the leading provider of mobile workflow platforms for enterprises, and small to medium sized businesses, today announced that the U.S. Patent and Trademark Office has granted a new patent to ProntoForms.
The issued patent covers several embodiments on methods and systems for sharing data between mobile devices using an orchestration platform which optionally translates the data between different formats.
ProntoForms owns seven patent families covering inventions in the areas of data synchronization between devices, customizing mobile forms and policy-driven mobile forms management.
“The granting of this patent validates our skills in using innovation to deliver a robust, yet simple solution, with tangible business value in a large market,” said Alvaro Pombo, CEO of ProntoForms. “Our culture of innovation is the foundation for our leadership position in the mobile forms market.”
In addition, the Company has granted an aggregate amount of 2,937,500 stock options to directors, officers and employees of the Company in accordance with the provisions of the Company’s Stock Option Plan, subject to approval of the TSX-V. Each option entitles the holder to purchase one common share of the Company at an exercise price of $0.31 for a period of five years.
ProntoForms is a mobile workflow platform used by more than 3,500 businesses and 55,000 subscribers to collect and analyze field data with smartphones and tablets. Our product delivers an intuitive, secure and scalable solution for mobilizing business processes, with a low total cost of ownership. Our customers harness the solution to increase productivity and reduce cost, improve quality of service and mitigate risks.
ProntoForms Corporation is the winner of the 2015 Frost & Sullivan Competitive Strategy Innovation and Leadership Award for the Mobile Forms Industry.
The Company trades on the TSXV under the symbol PFM. ProntoForms is the registered trademark of ProntoForms Inc., a wholly owned subsidiary of ProntoForms Corporation.
Certain information in this press release may constitute forward-looking information. For example, statements about the Company's future growth or value are forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Chief Executive Officer
613.599.8288 ext. 1111
Virtus Advisory Group Inc.