(OTGI.OB) Oteegee Innovations Inc. Bolsters IP Claim Regaring Unauthorized Use

Posted on 11. Aug, 2010 by PublicWire in Technology

(OTGI.OB) Oteegee Innovations Inc. Bolsters IP Claim Regaring Unauthorized Use

(PublicWire.com News Release) Oteegee Innovations Inc. (OTCBB:OTGI) is pleased to announce Grail Semiconductor is making significant progress in bolstering its IP rights and claims regarding unauthorized use of its technology in the $250 billion Semiconductor industry. In addition, Grail has prepared and submitted petitions to revive previously abandoned patent applications, and to pursue additional patent protection. In June 2007, Grail filed L.A.S.C. Case No. BC 372834 against a multi-billion dollar international corporation for violation of a confidentiality agreement and misappropriation of its intellectual property. Grail’s management and its litigating attorneys are proceeding with confidence of success on all fronts.

Grail has patented and is prepared to develop and market chips and products embodying a fundamental breakthrough in semiconductor technology, referred to as QIC-Chip . The patents include a new memory cell and new timing circuitry that can combine and enhance the features and functions of SRAM, DRAM, and FLASH-type memories, and is believed to be fundamental to a revolutionary new super powerful and very energy efficient QIC CPU, integrated with massive amounts of QIC memory. This innovative technology could revitalize the semiconductor industry and expand its theoretical and practical limits. The advent of Grail’s quantum inductive capacitor and timing circuitry (QIC Chip) is apropos to the advent of revolutionary new across platform distributive operating systems.

In the rapidly growing memory industry, Grail plans to capitalize on QIC-Chip’s extreme operating speed, storage capacity, longevity, durability and energy efficiency. Its relative ease of manufacture (CMOS) would facilitate large-scale and cost effective production of products that could rapidly replace today’s semiconductor, magnetic and optical mass storage technologies. This energy efficiency would also significantly reduce the associated heat build-up, cooling costs and CO2 emissions (carbon footprint).

Upon completion of the LOI, OTGI will acquire Grail Semiconductor and its litigation rights for damages from unauthorized use of its technologies. OTGI will also hold the North American marketing and distribution rights to Grail’s technologies. Through OTGI’s acquisition of Oteegee International, OTGI also owns 40% of the international marketing and distribution rights.