SANTA CLARA, CA — (Marketwire) — 05/17/12 — Document Capture Technologies, Inc. (OTCBB: DCMT), a global IP-driven leader in the design, development, manufacture and sale of advanced imaging technologies is pleased to announce significant additions to the company’s Intellectual Property (IP) portfolio for the scanning industry and other data capture and device technologies. The IP addresses the critical emerging “Secure Scan to Cloud” market.
In September of 2011 the company hired Mr. Martin Boliek as Chief Technology Officer to lead innovation. Mr. Boliek has an MS in Electrical Engineering from the University of California, Davis, an MBA from the University of San Francisco and holds over 50 technology patents. He has extensive knowledge in hardware and software engineering, imaging processing, document processing, system security, and web services development.
Mr. Boliek has evaluated DCT’s current patent portfolio of 20 US Patents and 9 patents in jurisdictions outside the U.S. and found that it provides strong protection of DCT’s history of innovation in low-power, high-speed, high-quality image capture. To continue this legacy of innovation, DCT has filed several new patents and has plans for several more. This creativity is the start of an institutionalized practice at DCT; a company that is once again “innovation driven.”
DCT’s rapidly expanding IP portfolio allows it to enter new markets with the development of new products and licensing opportunities. DCT’s patented security features can be embedded in all types of OEM products creating secure data capture at the source and transfer data securely to cloud computing services and back to devices. The convergence of distributed capture and shared computing services makes security of paramount concern. “Scan to Cloud” is a significant method of capturing and transferring data directly to the cloud and DCT is positioned to be a leader in the “Secure Scan to Cloud” market.
DCT plans to develop this technology for the company’s brand name products and offer it to DCT’s Tier 1 partner original equipment manufacturers (OEMs), value-added resellers (VARs), and other systems integrators such as NCR, Qualcomm, Burroughs Payment Systems, Brother Industries, and Xerox. This unique secure technology puts DCT at a competitive advantage interacting with smart devices and cloud-based storage and computing.
Mr. Martin Boliek commented “This technology uses state-of-the-art encryption to ensure data authentication, security, and tracking from the source (e.g. the scanner) to destination (e.g. cloud storage) and throughout the data lifecycle. Essentially, we are creating a tight, secure, and traceable coupling between all types of devices and the cloud.”
Mr. David Clark, DCT’s CEO, added, “We find ourselves in a great position that the patent portfolio we’ve been building for years to protect our legacy business has strong relevance to new market opportunities that are developing through the advancement of technology, and our company is well positioned financially to take advantage of those opportunities. I’m looking forward to delivering to our shareholders continued record growth and taking advantage of new markets for our IP portfolio. These are exciting times for DCMT.”
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Document Capture Technologies, Inc.
David P. Clark
Source: Marketwire (May 17, 2012 – 10:26 AM EDT)