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the
Radar minute is a
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of publicly traded companies currently "Under the Radar"
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. Nearly
triple that of the potential Cannabis market.
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
recently 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 VR is an
innovative content and technology leader within the Virtual Reality
sector. ReelTime VR (OTCPK:RLTR).
www.reeltime.com Not only is ReelTime VR an
innovative content creator but an elite development and technology
leader. ReelTime VR among other things 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 featuring the "Really Twins" Twins in you guessed it "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
Video making it the first and only content originally shot in VR to
have been able to do so. This opens up all forms of monetization
for content and in the entertainment world where "Content is King"
and distribution is an army, ReelTime has them both.
ReelTime's
Patent that
brings the ability to produce and share VR to the general consumer
along with its persistence in creating content and technologies
that are at the forefront of the industry make ReelTime a company
to watch now before the word gets out.
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the
Radar
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