Comprehensive Endorsement of Innovative Technology Proven Vital to Internet Business
MOUNTAIN VIEW, Calif., Jan. 28, 2004 -- Quova, Inc., the world`s leading provider and developer of Web geography services and technologies, announced today that the United States Patent and Trademark Office has awarded Quova a comprehensive patent on its IP geolocation technology. Patent #6,684,250 validates 135 specific claims, including many algorithms, processes and system components that are unique to Quova`s approach and some core ideas that are central to the concept of IP geolocation.
"These technologies and ideas form the framework of Quova`s IP mapping technology, on which all of Quova`s products and services are based. Winning this patent is a tremendously rewarding endorsement of our technical leadership in this industry," said Tom Miltonberger, Quova`s SVP of Products. "We`re continuing to innovate and develop new technologies and processes to build on what we`ve accomplished, and we intend to remain at the forefront of creating new and even more powerful geolocation solutions."
The comprehensive patent constitutes U.S. government endorsement of the unique and proprietary nature of Quova`s geolocation technology, which instantly determines the geographic location of a web site visitor, from nation down to city level. By bringing real-world geography to the Internet, Quova`s innovative technology and services create a new, high-performance e- business model enabling targeted online marketing, fraud detection, delivery of online digital content, regulatory compliance and enhanced network security.
"We`re proud to have secured the most extensive technology patent in the history of our industry," said Marie Alexander, president and CEO of Quova. "We certainly believe that Quova`s leadership and dominance in the market will continue to be built on execution -- the quality and richness of our data and our responsiveness to our customers and partners - but the issuance of this patent is a deeply gratifying validation of the uniqueness and power of our approach."
Founded in January 2000, Quova, Inc. is the leading provider of geolocation services to online businesses. Quova`s GeoPoint service provides the geographic location of Web site visitors in real-time, enabling businesses to manage digital rights, target content, detect fraud, conduct site analysis and ensure regulatory compliance. Quova`s customers and partners include industry leaders such as Major League Baseball Advanced Media, The Absolut Company, 24/7 Real Media, IBM SurfAid, Times Online and Sky Sports. A privately owned company with investments from Mobius Venture Capital, IDG Ventures, Nexus Group, Schoffstall Ventures and Fidelity Ventures, Quova`s main headquarters are located at 333 West Evelyn Avenue, Mountain View, California 94041, with European headquarters in Amsterdam, The Netherlands. Quova can be reached at 650/528-3700 and on the Web at www.quova.com.
• Quova, the Quova logo and GeoPoint are registered service marks and/or trademarks of Quova, Inc.