BYND Cannasoft Enterprises Inc. Get Positive Opinion From ISA-Israel Patent Office Provides The Ability To File A Patent Application Under The Patent Prosecution Highway In The U.S.
Portfolio Pulse from Benzinga Newsdesk
BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) has reached a significant milestone in its intellectual property strategy by filing a national phase application for its EZ-G Device in the U.S. and 11 additional jurisdictions. The application was filed under the Patent Prosecution Highway, which allows for accelerated processing. The company has also filed two provisional patent applications in the U.S. and two design applications in China. CEO Yftah Ben Yaackov believes this expansion in IP strategy will significantly increase shareholder value.
December 18, 2023 | 1:38 pm
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BYND Cannasoft's filing for a U.S. utility patent and additional international patents for its EZ-G Device, along with provisional and design applications, indicates a strong commitment to intellectual property protection and potential market exclusivity for its products.
The filing of patents typically suggests a company is securing its intellectual property, which can lead to market exclusivity and potentially higher revenues in the future. This strategic move is likely to be viewed positively by investors, as it can protect the company's innovations and provide a competitive edge. The CEO's statement about the expected increase in shareholder value reinforces the potential positive impact on the stock.
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