CIMdata PLM Industry Summary Online Archive
7 February 2012
Company News
SofTech Files Patent Application with the USPTO
SofTech, Inc. announced that it has filed a patent application with the United States Patent and Trademark Office ("USPTO"). SofTech's invention provides for an intelligent, interactive information life management system for consumers that will serve as an "everything in one place" vault, where they can list all of their tangible assets. Once populated, the information system would provide the consumer with two significant benefits:
-- An organized, systematic, intelligent interface that would remind the consumer when each asset required attention such as your automobile needs an oil change and an inspection sticker or the furnace in your vacation home needs a new air filter. The database would also provide a comprehensive capability for storing information about each asset such as owner's manuals, warranty information, original cost, service providers, serial and part numbers or any other data the consumer finds relevant; and
-- Aggregated, anonymous data regarding the assets contained within the information system would be available to suppliers of goods and services for the purpose of making targeted, private offers to the consumers.
SofTech has been in the product lifecycle management business for two decades and its expertise in data management and workflow are particularly relevant to this invention.
"We have been providing complex information systems to some of the largest manufacturing companies in the world. These systems provide our customers with a platform to electronically manage, in an ultra-secure environment, their proprietary product designs that are the lifeblood of their business," said Bob Anthonyson, SofTech's vice president of business development.
Mr. Anthonyson continued, "Our daily lives grow more complex with each passing day. An organized, electronic information system that provides a one stop location to manage all of this data would be extremely beneficial. When the information system alerts the consumers that one of their assets needs attention it would also provide several offers from local service providers aggressively vying for the consumers' business. We believe this system would provide a valuable service to both consumers and suppliers."
"We believe this patent could give us core intellectual property that forms the basis for a new product offering that leverages our deep expertise in providing bullet-proof, secure information systems," said Joe Mullaney, SofTech's chief executive officer. "Our mantra is profitable revenue growth and this initiative is one such idea we have been working on since the March 2011 recapitalization."
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