UTLMUnto the Lord Ministries (Jerusalem, Israel)
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USTelematics Inc (UTLM) (OTC:UTLM), a provider of proprietary technology and products for the connected car, announced on Thursday (26 June) that the company intends to acquire the rights to US Patent Number 7,079,633, a high-security digital media watermarking algorithm.
The patent will be acquired in exchange for UTLM stock valued at USD1.50 per share.
The total licence cost has not yet been set and is subject to approval by the UTLM board of directors, the company said.