Know Labs Launches Know Labs Technology Licensing (KTL)
January 21 2025 - 4:00AM
Business Wire
Company to Drive Monetization of its
Patented Platform Technology Across Diverse Industries
Know Labs, Inc. (NYSE American: KNW), a pioneering leader in the
development and application of radio frequency dielectric
spectroscopy (RFDS), is proud to announce the formation of its new
business unit, Know Labs Technology Licensing, (KTL). Modeled after
the successful Qualcomm Technology Licensing (QTL) framework, KTL
will be dedicated to licensing Know Labs’ robust intellectual
property (IP) portfolio to corporate partners, academic
institutions and research organizations, fostering innovation and
accelerating the adoption of RFDS platform technology across a
broad range of industries and the academic and scientific
ecosystem.
The launch of KTL represents a pivotal milestone in Know Labs’
strategic growth plan. While the company remains focused on
leveraging RFDS for transformative applications in non-invasive
medical diagnostics with a first focus on blood glucose monitoring,
KTL will unlock additional value by enabling external partners to
integrate RFDS technology into applications spanning industrial
processes, consumer electronics, automotive advancements, and
Internet-of-Things (IoT) networks.
“With the creation of KTL, we are taking a bold step forward to
amplify the reach and impact of our RFDS platform,” said Ron
Erickson, CEO and Chairman at Know Labs. “This initiative not only
positions Know Labs as a patent licensing leader in advanced RF
spectroscopy technology but also opens the door for collaborative
innovation in industries far beyond medical diagnostics. Frankly,
the breadth and scale of opportunities presented to us requires an
open model of collaboration between corporate partners and leading
academic research institutions.”
“When we announced the formation of our Skunkworks in May 2024,
to explore opportunities to leverage our platform technology beyond
non-invasive medical diagnostics,” said Erickson, “we didn’t expect
the large number of third parties expressing interest in exploring
potential applications for our RFDS technology. This prompted our
formation of KTL to codify and streamline our approach to working
with partners and research collaborators. As an early example, we
recently announced a program to commercialize a ‘smart steering
wheel’ for safety applications in the automotive industry to
advance Know Labs’ leadership in automotive medical IoT sensors. We
now see a number of opportunities to leverage our RFDS technology
as a highly sensitive ‘change or difference detector,’ with
important applications in a range of industrial processes. Working
with academic institutions and research organizations, we see
opportunities to commercialize our patented data collection
application development platform for use in clinical research. We
will provide Software Development Kits (SDKs) and our toolbox of
RFDS test automation products to our licensing partners.”
KTL will operate with a dual focus: monetizing Know Labs’ IP
assets to generate licensing revenues and creating widespread
adoption of RFDS technology as an industry standard. This move
aligns with Know Labs’ commitment to delivering shareholder value
while advancing groundbreaking technology that addresses real-world
challenges. KTL is a direct response to unsolicited inbound
demand.
Notice of Non-Affiliation and Disclaimer
Qualcomm, and its subsidiary Qualcomm Technology Licensing
(QTL), are registered trademarks of Qualcomm, Inc. Know Labs is not
affiliated, associated, authorized, endorsed by, or in any way
officially connected with Qualcomm, Inc., or any of its
subsidiaries or its affiliates.
About Know Labs, Inc.
Know Labs, Inc. is a public company whose shares trade on the
NYSE American Exchange under the stock symbol “KNW.” The Company’s
platform technology uses radio frequency spectroscopy to direct
electromagnetic energy through a substance or material to capture a
unique molecular signature. The technology is designed to be able
to integrate into a variety of wearable, mobile or bench-top form
factors. The Company believes that this patented and patent-pending
technology makes it possible to effectively identify and monitor
analytes that could only previously be performed by invasive and/or
expensive and time-consuming lab-based tests. Among the Company’s
first expected applications of the technology will be in a product
marketed as a non-invasive glucose monitor. The device is designed
to provide the user with accessible and affordable real-time
information on blood glucose levels. This product will require U.S.
Food and Drug Administration (FDA) clearance prior to its
introduction to the market. Other products, developed through KTL
may not require such prior FDA approval.
Safe Harbor Statement
This release contains statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 and Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. These statements appear in a number of places in this
release and include all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of Know Labs, Inc., its directors or its officers with
respect to, among other things: (i) financing plans; (ii) trends
affecting its financial condition or results of operations; (iii)
growth strategy and operating strategy; and (iv) performance of
products. You can identify these statements by the use of the words
“may,” “will,” “could,” “should,” “would,” “plans,” “expects,”
“anticipates,” “continue,” “estimate,” “project,” “intend,”
“likely,” “forecast,” “probable,” “potential,” and similar
expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond Know
Labs, Inc.’s ability to control, and actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors. These risks and uncertainties also
include such additional risk factors as are discussed in the
Company’s filings with the U.S. Securities and Exchange Commission,
including its Annual Report on Form 10-K for the fiscal year ended
September 30, 2024, Forms 10-Q and 8-K, and in other filings we
make with the Securities and Exchange Commission from time to time.
These documents are available on the SEC Filings section of the
Investor Relations section of our website at www.knowlabs.co. The
Company cautions readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
The Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which such statement is made.
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Know Labs, Inc. Contact: Investor Relations T: 206-903-1351
ask@knowlabs.co
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