SEATTLE, Feb. 22, 2006 (PRIMEZONE) -- Timeline, Inc. (OTCBB:TMLN) announced today it has been issued a patent by the Republic of Korea. Additionally, a second patent has been issued in Israel. The technology covered by these patents parallel many of the claims of Timeline's five United States patents on innovations for the automation of data mart design with multiple source capability.
"The Korean patent expands protection for Timeline's intellectual property in another important world market," stated Charles Osenbaugh, president and chief executive officer. "Timeline's patent portfolio now includes nineteen separate patents issued in nine different countries. Timeline's unique technology allows its licensees to provide solutions that can dramatically improve the efficiency of designing, building and propagating data marts and data warehouses. Additionally, a separate patent held by WorkWise, Inc., a Timeline subsidiary, covers enabling technology utilized in process automation software."
About Timeline
After 28 years of developing, marketing and supporting innovative software applications, Timeline, Inc. recently reorganized around a dedicated effort to license its intellectual property to the industry at large. In 2005 it completed the sale of its European subsidiary and the assets of its applications line of business. The company believed it was an inherent conflict of interest to market patented intellectual property to companies with which it competed on a day to day basis for end user software licensees. By selling the applications business, the company is now solely focused on commercializing its patent portfolio. This effort is intended to maximize shareholder value and to allow the benefits of its prior innovations to reach a far greater audience than was possible through its own limited resources. Timeline can be reached at 206-357-8422 or on the web at www.tmln.com. The vast majority of these patents involve the automation of building and using data marts and warehouses with structures optimized for analysis on data originally housed in source on line transaction data stores. These 'pioneer' patents have been licensed to many of the thought leaders in analytic reporting including, among others, Oracle, Microsoft, Hyperion, Cognos, Group One, and Crystal (now Business Objects).
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