TORONTO, June 21, 2019 /CNW/ - Pivot Technology Solutions,
Inc. (TSX: PTG), ("Pivot"), a full-service information technology
provider, today announced that the United States Patent and
Trademark Office (USPTO) has approved its patent application for
its breakthrough Smart Edge™ platform for mobile edge
computing.
USPTO Patent NO. 10,341,868 is set to issue on July 2, 2019 for Smart
Edge's proprietary mobile edge computing platform.
The US Patent Office cited the imbedded multi-layered
security as a key reason for patent application approval.
Smart Edge is specifically designed with Edge Native
Security to protect its enterprise customers from cyber security
threats at the edge. The patent will be valid for a 20-year
term.
"This is an important and validating milestone for Smart
Edge and Pivot that recognizes the tremendous thought
leadership and intellectual value we bring to the emerging
Multi-access Edge Computing marketplace," said Pivot President and
Chief Executive Officer Kevin Shank.
"By securing this patent, we safeguard our IP as we expand Smart
Edge's market penetration through our commercialization
efforts. We are delighted with this development, which certainly
recognizes the distinct value inherent in Smart Edge and the
pioneering work and investments we've made it bringing it
forward."
Smart Edge is an innovative developer platform
designed to support enterprise Multi-Access Edge Computing (MEC)
solutions. Smart Edge's MEC enables real-time,
high-bandwidth, security-enabled low-latency access to
latency-dependent applications across various industries such as
retail, telecom and media and for enterprise companies. Built on
high-performing Intel® scalable processors, Smart Edge's
application environment supports new opportunities and revenue
streams for users, while reducing ongoing edge total cost of
ownership.
Through use cases to date, the Smart Edge solution has
demonstrated its ability to improve performance, enhance user
experiences and reduce ongoing edge total cost of ownership – all
key factors in customer adoption of edge technologies.
Bob Pike, one of the original
developers of the Smart Edge platform and the interim Chief
Executive Officer of Smart-Edge.com, Inc., a wholly owned
subsidiary of Pivot established to commercialize the technology,
said: "Receiving this patent is a fundamental step forward in our
business plan. It sends a strong signal to the marketplace that
Smart Edge is an indispensable invention that is uniquely
capable of addressing the needs of IT users who want to harness all
the advantages of edge computing. We believe our Edge Native
Security features will be well received by security conscious
enterprise customers."
About Smart Edge
Pivot created Smart-Edge.com,
Inc. as a wholly owned subsidiary focused on driving commercial
penetration of the platform, which has been endorsed by several
leading organizations. Most recently, Smart Edge received
Intel®'s 2019 Partner of the Year Award for Excellence in
Accelerating Innovation in Network Communications and the
prestigious Frost & Sullivan Technology Innovation Award in
recognition of Smart Edge's industry leadership in enabling
reliable and deterministic access to enterprise applications at the
network's edge. For more information, visit
https://smart-edge.com/.
About Pivot Technology Solutions
Pivot is a leading
information technology infrastructure and services provider to
approximately 2,000 customers, including many members of the
Fortune 500. With offices throughout North America, Pivot uses its knowledge and
local presence to help corporations, governments and educational
institutions design, build, implement and maintain advanced
computing and communication infrastructure. For more information,
visit www.pivotts.com.
Forward-Looking Information
This news release contains statements that, to the extent
they are not recitations of historical fact, may constitute
"forward-looking statements" within the meaning of
applicable Canadian securities laws. Forward-looking
statements include statements regarding the expected issue date of
the Smart Edge patent, customer adoption of edge technologies, the
reception of the Edge Native Security features of the Smart Edge
technology by security conscious enterprise customers, the sales
potential of the Smart Edge technology platform, and the potential
new opportunities and revenue for users of the Smart Edge
technology. Pivot uses words such as "may", "would", "could",
"will", "likely", "expect", "believe", "intend", "anticipate" and
similar expressions to identify forward-looking
statements. Any such forward-looking statements
are based on assumptions and analyses made by Pivot in light of its
experience and its perception of historical trends, current
conditions and expected future developments. However, whether the
expected issue date of the patent, customer adoption of edge
technologies, the reception of security conscious enterprise
customers, the sales potential of the Smart Edge technology
platform, and the potential new opportunities and revenue for users
of the Smart Edge technology will conform to Pivot's expectations
and predictions is subject to any number of risks, assumptions and
uncertainties, including the risk that Pivot's expectations for
customer adoption of edge based technologies may not come to
fruition, the enforceability of the Smart Edge patent, and other
risks detailed in the Company's Annual Information Form for the
year ended December 31, 2018
available at sedar.com. Many factors could cause
Pivot's actual results to differ materially from those expressed or
implied by the forward-looking statements contained
in this news release. The "forward-looking
statements" contained herein speak only as of the date of this news
release and, unless required by applicable law, the Company
undertakes no obligation to publicly update or revise such
information, whether as a result of new information, future events
or otherwise.
Intel is a trademark or registered trademark of Intel
Corporation in the United States
and other countries.
SOURCE Pivot Technology Solutions, Inc