CHARLOTTE, N.C., June 7, 2012 (GLOBE NEWSWIRE) -- Revolutionary Concepts, Inc., (OTCBB:REVO), a development stage company focused on the design and development of the EyeTalk Communicator, acknowledges opportunistic developments for its wireless technology since the awarding of five additional patents from the U.S. Commerce Department's United States Patent and Trademark Office (USPTO).The new patents appropriate RCI full ownership and use of the technology.
Ronald Carter, President of RCI, announces that, "Unlike the original patent that deals with the technology itself, the five additional patents address ownership of the method and use of the technology." For RCI, this means that the company can aggressively move forward with infringement issues. In addition, the company can begin initiating licensing agreements with multi-million dollar companies who use technology similar to the EyeTalk Communicator.
The potential growth in revenue for RCI is highly anticipated as the company explores and evaluates the actual financial impact of the infringements. The use of the technology will continue to become more prominent among medical, home security, and home health care industries, all of which are using similar technologies now, and RCI will see an increase in revenue because of this.
As RCI moves forward with its EyeTalk Communicator, Senior Vice President of Finance Solomon RC Ali discloses that the five additional patents are extremely beneficial to the future of the EyeTalk Communicator because it allots additional years where RCI is the only controller of the space for the technology's method and use.
RCI is an unknown contender in this industry, but the recent awards put the company in a dominating position. All companies using devices that contain characteristics observed in RCI's new patents must now obtain a licensing agreement from RCI. This will ultimately create numerous and profitable opportunities.
About Revolutionary Concepts, Inc.
Revolutionary Concepts, Inc. is a development stage company focused on the design and development of the Eye Talk Communicator. It serves as an entry management system and gives users the ability to remotely and interactively monitor via two-way communication and control an IP camera while using a personal communication device. Additional uses for the device include medical applications, sporting component, and infant care technology. Revolutionary Concepts Inc. is headquartered in Charlotte, NC with consultants located throughout the United Sates. www.revolutionaryconceptsinc.com
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