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This Week We Look At: The fastest growing
industry segments in history - Virtual and Augmented
Reality
There is no
doubt that the Virtual Reality (VR) and Augmented Reality (AR)
industry means big money with global sales estimates predicted at
75 billion by 2021, and a staggering 121 billion within ten
years.
This same sector
is the focus of publicly traded market giants such as Google,
Facebook, Microsoft, Apple, Inc., and Sony. But there are a few
gems that in comparison are relatively unknown to the general
public and traditional investors. These companies although small
are true leaders in their specific disciplines but they all have
one thing in common. That is that they are driving the adaption of
AR/VR by the general public by making the experiencing, creation
and development of products accessible.
Patents May Decide the
Industry
With virtually
all the technology and social media giants investing heavily with
varying strategies, the one thing that they are all chasing as the
"Holy Grail" are a few key cornerstone Patents.
The first of the significant
cornerstone patents that control the Intellectual property of
capturing and distributing Virtual Reality and Augmented Reality
was owned by Oculus which made up the majority of its
2-Billion-dollar price tag that Facebook ponied
up.
Apples purchase of NextVR for 100 million is rumored to be
primarily in order to gain control of another cornerstone
technology patent supporting high quality video streams of music
and sporting events to VR headsets.
One of the other likely Cornerstone
patents was featured in a special "Bold Patent" spot
on CNBC during Shark tank in which CEO Barry Henthorn appeared, is
ReelTimes' patent Number 10,761,303 that was issued by the USPTO on
September 1, 2020. The patent covering apparatus and method claims
for technology involving simultaneous capturing of 360 X 360 degree
Spherical Panorama Images and Video. According to J.D. Houvener,
CEO of Bold Patents and author of "Bold Ideas," "The intellectual
property contained in the patent application we filed on behalf of
ReelTime VR has the potential to be completely industry shaping.
Our team of experts was able to articulate the claims of the
invention quite broadly so as to provide ReelTime VR with the
strongest and broadest protections available to them." Although the
original technology allows any cell phone or other camera to
instantaneously capture 360 X 360 Virtual Reality Video or pictures
without any need for stitching, the patent provides protection from
infringement from any capturing of a plurality of images utilizing
at least one mirror. This spans a wide range of industries and uses
and is likely currently being infringed upon, and would need to be
licensed by numerous larger players. It is speculated that this
enforcement may prove to be even more valuable than the technology
itself.
ReelTime (OTCPK:RLTR). www.reeltime.com
is an innovative content and technology leader within the
Virtual Reality sector.
ReelTime VR
produced the number one VR travel series in the world starring
international superstar Front Montgomery and her daughter Leonie
Montgomery "In Front of View" www.infrontofview.com and the most
watched VR tween series in the world "Really Twins"
www.reallytwins.com .
It is the
proprietary technology and methodologies that it utilizes however
in production that allow it to produce in VR simultaneously as in
traditional flat video that landed their content on Amazon Prime
and is fueling their ability to build the world's largest digital
distribution network.
Having recently
announced submission of a formal up-list to NASDAQ, A tripling of
YOY Q2 revenues and a live deployment of their virtual restaurant
technology RLTR may be a good target to research as we go into the
end of Q3.
Please visit us at http://undertheradarminute.com for this complete
article and insight into other companies Under the Radar
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contact:
Editor@UnderTheRadarMinute.com
