The Melbourne-based company has developed a disruptive video technology that converts cumbersome, legacy videos into interactive, virtual videos.
The new patents for ‘Method and System for Content Delivery’ have now been granted to Linius.
These U.S. patents are continuations of Linius’ core patent, which was granted in November 2014, and provide extra protection for the client-side and server-side functions of its core invention.
Client-side functions include playing a virtual video file, and in particular the ability to play out a single stream from multiple original sources.
Server-side functions include indexing, creation of the virtual video file, and inclusion in the virtual video file support for extended features such as billing, customer feedback and interactivity.
Linius is currently focusing on establishing four divisions in the U.S., with the recruitment on track.
The commercialisation plans are for its video technology, initially targeting four video industry sectors.
Linius’ share price has increased about 14% since the start of 2017, last trading at A$0.05.
The company is well funded with a cash balance of A$2.8 million as at 31 December 2016.