Inpixon (INPX) Stock Is Up On Patent News

Inpixon INPX Stock News

Inpixon (NASDAQ: INPX) is trading on gains of over 38% early on this morning. The gains come after the company announced that it has been awarded a new patent, extending IP protection. Here’s what’s happening:

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INPX Stock Is Climbing On New Patent Protection

Early this morning, Inpixon announced that the Canadian Patent Office has granted it a new patent. The patent, number 2,835,210, is titled “Managing Network Interaction for Devices.”

In the release, INPX said that the patent will extend the protection of embodiments within its US Patent number 9,742,773.

The new patent covers techniques that are used by the company to locate, track and manage wireless devices. To do so, signals from unidentified devices at a location are correlated with identification patterns of managed devices. Ultimately, this helps to identify whether or not unidentified devices correspond to managed or unmanaged devices within a communications network.

With the technology, both managed and unmanaged devices can be tracked. Moreover network interaction can be managed for devices that are identified as managed devices.

In a statement, Adam Benson, CTO at INPX, had the following to offer:

While mobile phones, IoT devices, and BYOD policies can be a big productivity booster, organizations need to mitigate risks. Whether used as part of a mobile device management (MDM) system or standalone, Inpixon’s patented technologies can help identify rogue devices, enable geofence alerts, disable phones in no-phone zones, and provide overall situational awareness for effective physical cyber security.

Why This Is So Important

One of the biggest lessons that Warren Buffett stresses to beginners is that when investing, it’s a good idea to look for companies with an economic moat. Essentially, this means that the company has a product that not only does no other company have, but that due to strong IP protection, no other company can compete with.

That’s what Inpixon is doing here with its indoor positioning system. The company is surrounding the system with patents to make it so that if any other company wants to use it or anything like it, they’ll have to pay license fees, and that’s if INPX decides that it wants to license out the product.

Ultimately, as the company’s intellectual property protection grows stronger, so too does the value of the stock!

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