MacroSolve Files Patent Infringement Suit Against JPMorgan Chase - Quick Facts

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6/21/2012 9:53 AM ET

MacroSolve, Inc., doing business as Illume Mobile (MCVE.OB), said it has filed a patent infringement suit against JPMorgan Chase, Inc. and JPMorgan Chase Bank N.A. (JPM: Quote) for violation of MacroSolve's U.S. patent.

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.

"This suit is in defense of our innovation and an enforcement of the rights we have under our patent," says Jim McGill, Vice Chairman of MacroSolve. He adds, "MacroSolve pioneered this technology many years ago, and it is our duty to our shareholders to protect our IP and provide a return on investment."

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by RTT Staff Writer

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