MacroSolve (PK: MCVE) Sues Hyatt for Patent Infringement

Tallahassee, FL 2/9/12 (StreetBeat) -- Mobile technology provider, MacroSolve, Inc. (Pink Sheets:MCVE), who brands itself in the app world through the name “Illume Mobile,” has filed a patent infringement lawsuit against Hyatt Corporation (NYSE:H) alleging a violation of MacroSolve’s U.S. Patent No. 7,822,816, which was issued to MacroSolve on October 26, 2010 by the United States Patent and Trademark Office. The suit is one in a number of patent infringement cases that the company has filed against household names such as Wal-Mart (NYSE:WMT), Facebook, Hertz (NYSE:HTZ), Priceline.com (NASDAQ:PCLN) and Southwest Airlines (NYSE:LUB), as well as seven other major companies in the travel industry claiming illegal usage of MacroSolve’s mobile app platforms.

"We've already reached settlement agreements with a number of companies that were in violation of our intellectual property rights and we believe we will continue to find amicable ways to receive compensation for the use our inventions," said MacroSolve Vice Chairman, Jim McGill, in a press release today.

The patent addresses mobile information collection systems across all wireless networks, smartphones, tablets, and rugged mobile devices, regardless of carrier and manufacturer, and is currently utilized in MacroSolve's rapid mobile app development platforms. MacroSolve's patent covers fundamental technology in the mobile application space utilized by multiple companies.

MacroSolve's lawsuit claims that, "Hyatt, directly or through intermediaries, made, used, imported, provided, supplied, distributed, sold and/or offered for sale products and/or systems (including at least its product and system referred to as its Hyatt mobile app) that infringed one or more claims of the 816 patent. In addition, Hyatt induced infringement and/or contributed to the infringement of one or more of the claims of the 816 patent by its customers."

Judging by the January 2012 Investment Overview at http://www.illumemobile.com/wp-content/uploads/docs/011912_MCVE_SlideDeck_Website.pdf, this is by no means going to be the last lawsuit filed by MacroSolve. The company has been a pioneer in the app game through its patents and says that it has identified over 250 potential targets and intends to file 15 to 20 new suits every 60 to 90 days. A law firm is working at 100 percent contingent fee, so there is no cost to MacroSolve for enforcement.

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