BOS GLOBAL Holdings Limited Granting of two Australian Patents (3789O)

TIDMBOS

RNS Number : 3789O

BOS GLOBAL Holdings Limited

18 August 2017

BOS GLOBAL Holdings Limited

ACN 009 087 852

AIM Release

18 August 2017

Granting of two Australian Patents

BOS GLOBAL Holdings Limited ("BOS GLOBAL" or "the Company") (AIM: BOS), the software developer focused on improving productivity and creating operational efficiencies in the workplace by collecting and generating workforce analytics, confirms that the following Patents have been granted by IP Australia after entering Australia via the worldwide Patent Cooperation Treaty (PCT):

1. Patent Number 2017200601 (Expiry: 2 September 2036) claiming a server and computer-implemented method for managing activities performed by users

This patent relates to both BOS Time and BOS360 Work Patterns Platform as a Service (PaaS) products encompassing BOS Productivity Suite comprising Time, Meet and PACT.

2. Patent Number 2017200602 (Expiry date: 2 September 2036) claiming a computer-implemented system and method for verifying a time-based service

This patent relates to BOS Time and the activity information collected of individuals, teams and enterprises.

Detailed and technical information about each patent can be found at

http://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2017200601; and

http://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2017200602.

Official IP Australia patent certificates are also available for viewing at our website at www.bosglobal.com/patent-certificates.

The Company will now fast track a national phase application in the United States of America based on its pending international (PCT) application, whilst retaining its original filing date of 31 March 2016.

BOS GLOBAL Managing Director said, "The granting of these two patents is an exceptional outcome for the talented team of BOS people and for our clients and Shareholders. Both patents directly relate to and protect our investment and sales of BOS360 Work Patterns Platform as a Service and BOS Time products. This material event bodes well for our continued success to attract global and regional enterprises evaluating these products that have the potential to realise significant license subscription revenue for both reseller and BOS GLOBAL. We as a business are at a tipping point with the growing recognition of BOS Workforce Analytics as a smart strategic initiative with the potential to disrupt traditional thinking of how to improve workforce productivity, boost bottom line performance ahead of automation, organization design or related workplace challenges faced by business and governments worldwide - this is a game changer"

FB Rice Patent Attorneys representative Manuel Schmidt said "We are proud to assist BOS GLOBAL in building a successful business supported by granted patent rights".

**ENDS**

For further information please visit www.bosglobal.com or contact:

 
 Michael Travia       BOS GLOBAL           Tel: [phone] 
  Managing Director    Holdings Limited     4071 
                                            E: [e-mail] 
===================  ===================  ============================== 
 Andrew Thomson       RFC Ambrian          Tel: [phone] 
  NOMAD                Limited              2500 
===================  ===================  ============================== 
 Charles Goodfellow   Peterhouse           Tel: [phone] 
  / Lucy Williams      Corporate Finance    9791 
  Broker               Limited 
===================  ===================  ============================== 
 Elisabeth            St Brides Partners   Tel: [phone] 
  Cowell /             Ltd                  1177 
  Charlotte 
  Page 
  Financial 
  PR 
===================  ===================  ============================== 
 

About BOS GLOBAL

BOS GLOBAL is a Software Company dedicated to making workforces more productive.

It does this through its patented platform built to capture and analyse activities as a smart way to help individuals to achieve greater levels of efficiency.

The platform known as BOS360 Work Patterns Platform as a Service ('BOS360 PaaS'), launched in May 2017, is unique in its ability to digitally render real time views of productivity in the form of Work Patterns at an individual, team or organisation level.

The platform comprises of three main business competencies;

1. Workplace Automation - How digital information (records and documents) is managed in the workplace.

   2.    Workforce Productivity - How people are spending their time at work 
   3.    Workplace Integrity - How workplace information is secured and validated. 

Each of these competencies are supported by a range of enterprise grade software products designed to perform a specific set of workforce functions. These products also act as both collectors and feeders of information to the BOS360 PaaS for use in the generation of Work Pattern reports and Workforce Analytics.

Since May 2017, BOS GLOBAL has six revenue generating products - BOS Meet, BOS Time, BOS360 PaaS and BOS Automate Suite since its first product launch (BOS Meet) in December 2016. For more information of how BOS GLOBAL products can help your workforce increase efficiency and productivity visit www.bos-360.com

BOS GLOBAL aims to generate re-occurring income through subscriptions of its BOS360 PaaS and supporting products, as well as through licensing of its patented Work Pattern technology. The Company's sales strategy is focused on building a global distribution partner network via Enterprise Software Vendors, Professional Services organisations and Consulting Practices.

The Company has a 40% equity interest in Call Design Pty Ltd, a profitable, Australian based, global provider of workforce management, focused particularly on call centre services, which has an established blue chip client base. This highly synergistic investment is expected to provide multiple cross-selling opportunities to both companies in line with BOS GLOBAL's strategy to deliver a comprehensive business optimisation offering globally. This investment includes the 1st Rights of Offer and Refusal for BOS GLOBAL to acquire the balance of Call Design on the same financial terms as the initial 40% investment

Call Design sets a new standard for Workforce Management, while BOS GLOBAL's software sets a new standard for Workforce Efficiency. Both products will be offered through BOS360 PaaS, setting a new standard for Workforce Analytics to give companies greater control in making informed, fact-based decisions on their operational activities; Workforce Analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimise human and machine resources.

BOS GLOBAL Holdings Limited is an AIM listed company incorporated in Australia, operating from offices in Melbourne, Sydney and Brisbane. The Company also has a regional office in Hong Kong, responsible for the Asia-Pacific region and processing of large scale enterprise product sales with a greater than US$20 million revenue stream over an initial three-year contract term. Such deals include acquisitions and investments like the size of Call Design.

The Company is working towards its expanded London Office with its planned move of both Corporate and Board function to London in late 2017. Further, plans are well underway to increase its representation in Europe, the Middle East and Africa (EMEA) and North America with that of Call Design, and with offices on track to be established in 2017 in London and San Francisco respectively.

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").

This information is provided by RNS

The company news service from the London Stock Exchange

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August 18, 2017 02:09 ET (06:09 GMT)