IVISYS granted official US patent for a method for finding ‘nearest neighbor’

IVISYS announces that the US Patent and Trademark Office as of today has issued
an official approval of the company’s patent ‘Method and Device for Finding
Nearest Neighbor’. The patent relates to sorting, searching and matching
multiple dimensional data, such as vectors, in order to find the nearest
neighbor. The patent covers a unique and extremely fast way of searching in
large image databases, which – of course – is valuable also in many other fields
of image processing than the area focused on by IVISYS today. This patent alone
has a significant value on its own. The patent has been approved in the US
without any remarks during the application process, which indicates the patent’s
height regarding novelty and that the patent stands out compared to other
patents covering comparable processes.
Press release
IVISYS AB
Ticker: IVISYS
556998-4981
3 November 2015

CTO Moatasem Chehaiber comments

“We are very satisfied with this second official patent approval from the US
Patent Office, it confirms that our approach to image processing is truly
innovative. With this newly approved patent, we stand in an even better position
regarding securing our intellectual property rights worldwide.”

Previously this year, IVISYS was granted its first US patent for an ultra-high
-speed object recognition and tracking process. Both of IVISYS’ patents are used
in the company´s novel image processing technology powering the company’s fast
and flexible solutions for automated visual quality control. The newly patented
invention can be applied in order to improve a wide range of processes used in
computer vision, such as pattern recognition and content-based image retrieval
in databases.

“We are currently in a phase of gradual expansion focusing on growing our
business in Europe. However, our ambition is to grow the company outside Europe
at a later stage. Therefore, it is essential that we take the necessary steps
now in order to protect our intellectual property internationally.  Patent
approval processes can last several years and we want to position ourselves in
the best way possible, before we enter new markets. This new US patent is a
result of these efforts,” says IVISYS CTO Moatasem Chehaiber.

The newly approved patent is the brainchild of IVISYS’ CTO Moatasem Chehaiber
and has previously been approved in Denmark and applications for approval of the
patent has been filed in Europe, Canada, Japan, China and India. Protecting
IVISYS’ intellectual property is part of the company’s long-term strategy.

For more information on the patent, please contact

Moatasem Chehaiber, CTO of IVISYS AB
Phone: +45 30 32 89 64
E-mail: mc@ivisys.com

About IVISYS

IVISYS AB provides independent vision system solutions for quality control and
offers “plug-and-play” solutions with an easy installation process. IVISYS
delivers complete solutions with cameras, lighting, hardware and software. The
solutions perform quality inspections at high speed and allow multiple control
points in a single inspection. IVISYS’ solutions are easily adapted to various
products and variations and is invariant to product positioning. Settings can be
adjusted by the customer’s own staff according to their demands.
IVISYS’ website: www.ivisys.com.

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