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TTW

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TSXV:TTW TSX Venture Common Stock
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Times Three Wireless Files 4 Key New Patent Applications

21/01/2013 12:00pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Times Three Wireless Inc. (TSX VENTURE:TTW) ("Times Three" or the "Company")
announced today that it has filed four new US patent applications related to its
wireless location tracking and wireless data communication technologies. 


Times Three's new patent applications cover communications protocols used for
remote utility meter reading, intelligent traffic signs, automotive monitoring,
road condition telemetry, vending machine reporting, road construction equipment
reporting and smart grid applications. The inventions underlying these pending
patents reduce the quantity of equipment required as well as reducing deployment
and operating costs. These leading edge technologies are expected to become
widely-adopted in the near future, involving large numbers of wireless devices. 


"We are excited to demonstrate to our customers, prospective licensees and
shareholders our commitment to strengthen Times Three's existing fundamental
patent portfolio by filing the first of our new patent applications since the
changes we announced in October, 2012," said William Middleton, Times Three's
CEO. "These new filings stem from the Company's historical innovation and
leadership in the development of wireless location and telemetry technologies
and we will continue to expand our patent portfolio as part of the ongoing
growth of our IP and patent licensing programs."


About Times Three 

Times Three, originally founded in 1995 as Cell-Loc Inc., is a technology
innovation and licensing company based in Calgary with offices in Toronto,
Austin and Dallas. It has a long history of innovation and successful product
development in wireless location technologies and continues to build and license
its portfolio of important patents and intellectual property. 


The Company's proprietary narrow band location and telemetry technology has been
successfully implemented and licensed to an operator of a 1500 square kilometer
wireless network in Sao Paolo, Brazil. 


SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: 

Forward-looking statements are typically identified by words such as
"anticipate", "continue", "estimate", "expect", "forecast", "may", "will",
"project", "could", "plan", "intend", "should", "believe", "outlook",
"potential", "target" and similar words suggesting future events or future
performance. In particular, this news release contains, without limitation,
forward-looking statements pertaining to growth of the Company's IP and patent
licensing programs. With respect to forward-looking statements contained in this
news release, Times Three has made assumptions regarding, among other things,
the adoption of the Company's technology. Although Times Three believes that the
expectations reflected in the forward-looking statements contained in this news
release, and the assumptions on which such forward-looking statements are made,
are reasonable, there can be no assurance that such expectations will prove to
be correct. Readers are cautioned not to place undue reliance on forward-looking
statements included in this news release, as there can be no assurance that the
plans, intentions or expectations upon which the forward-looking statements are
based will occur. By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other
forward-looking statements will not occur, which may cause Times Three's actual
performance and financial results in future periods to differ materially from
any estimates or projections of future performance or results expressed or
implied by such forward-looking statements. These risks and uncertainties
include, among other things, that the Company may decide it is in the best
interests of the Company to deploy the proceeds raised pursuant to the
financings in an alternative manner as well as the other factors described in
Times Three's public filings available in Canada at www.sedar.com. Readers are
cautioned that this list of risk factors should not be construed as exhaustive. 


The forward-looking statements contained in this news release speak only as of
the date of this news release. Except as expressly required by applicable
securities laws, Times Three does not undertake any obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking statements
contained in this news release are expressly qualified by this cautionary
statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Times Three Wireless Inc.
William Middleton
CEO
613.897.3894


Times Three Wireless Inc.
David Guebert
CFO
403.569.5700

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