Document Security Systems, Inc. Ranked Among Top Micro-Cap Companies in Intellectual Property
MDB Capital Group Ranks DSS in the 90th Percentile of Micro-Cap Companies in its PatentVest Analysis of US Patents
ROCHESTER, N.Y., March 26 /PRNewswire-FirstCall/ -- Document Security Systems, Inc. (NYSEAMEX: DMC; "DSS"), a leader in patented protection against counterfeiting and unauthorized copying, scanning and photo imaging has been ranked among the top companies in intellectual property leadership. The list was published by the MDB Capital Group when announcing its upcoming Bright Lights Conference, at which Document Security Systems will present. Bright Lights is the first-ever public company conference of its kind -- a conference where small cap companies are chosen to present on the basis of their (often hidden) IP value and potential for market-changing innovation.
Document Security Systems ranks in the in the top 10% of micro-cap companies when measured by MDB's proprietary Tech Score rating. The company has a Tech Score of 2.12 which is 2x higher than its peer group of companies with similar size patent portfolios. As demonstrated in previous MDB white papers, Tech Score values can be correlated to general business performance. According to MDB's PatentVest analysis report DSS patents were cited more than several companies with multibillion dollar market capitalization.
"Document Security Systems has demonstrated value in its historical IP through its highly cited '547 that embodies the basic technology of that prevents copying and printing of counterfeit documents. Furthermore, we take note of the fact that the company is not resting on its laurels and in 2005-2008 has filed 15 patent applications that seek to further broaden their position in the document security market", commented Anthony DaCosta of MDB Capital Group.
The primary selection metric used for Bright Lights is PatentVest's Tech Score, MDB's proprietary measure of the industry impact of a company's patents based upon the analysis of patent citations relative to its peer group of patents. According to MDB, PatentVest is the product of over $4 million and 75,000 man-hours of development to build the most powerful patent database, search engine and analytic platform in the world, covering over 4,000 public and private companies, 4 million U.S. patents and 2 million U.S. patent applications. The selection process also included an analysis of a company's three-year Patent Application CAGR, the number of patents granted, patent applications on file, and Application Conversion Ratio.
"I am very pleased that MDB has officially recognized and acknowledged the true value of our intellectual property. I also would like our technical engineers to know how much I appreciate their work and the legal support they receive from our legal team at Harter, Secrest and Emery LLC. Recently we were awarded 9 new patents giving us 14 patents in force along with another 57 world-wide patent applications in process"' said Patrick White, CEO, Document Security Systems. "This recognition of our AuthentiGuard® Suite of Technologies reflects our commitment to continued innovation and future success in fostering shareholder value by building valuable patent assets".
About Document Security Systems, Inc.
Document Security Systems is a world leader in the development of optical deterrent technologies that help prevent counterfeiting and brand fraud from the use of the most advanced scanners, copiers and imaging systems in the market. The company's patented and patent-pending technologies protect valuable documents and printed products from counterfeiters and identity thieves. Document Security Systems' customers, which include international governments, major corporations and world financial institutions, use its covert and overt technologies to protect a number of applications including, but not limited to, currency, vital records, brand protection, ID Cards, internet commerce, passports and gift certificates. Document Security Systems' strategy is to become the world's leading producer of cutting-edge security technologies for paper, plastic and electronically generated printed assets. More information about Document Security Systems, Inc can be found at: http://www.documentsecurity.com and also at the following wholly-owned subsidiaries:
Plastic Printing Professional, Inc.: http://www.plasticprintingprofessionals.com/
Protected Paper: http://www.protectedpaper.com
DPI of Rochester: http://www.dpirochester.com
Premier Custom Packaging: www.premiercustompkg.com.
Safe Harbor Statement
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. These forward-looking statements include, but are not limited to, statements regarding expectations for future financial performance, potential sales from new and existing customers, expected benefits from the Company's cost cutting efforts, the potential sale of Legalstore.com, and/or statements preceded by, followed by or that include the words "believes," "could," "expects," "anticipates," "estimates," "intends," "plans," "projects," "seeks," or similar expressions. all of which involve uncertainty and risk. Many of these risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2009 filed with the Securities and Exchange Commission (the "SEC"), and in any subsequent reports filed with the SEC, all of which are available at the SEC's website at http://www.sec.gov/. It is possible the company's future financial performance may differ from expectations due to a variety of factors including, but not limited to, the risks referred to above, and changes in economic and business conditions in the world, increased competitive activity, achieving sales levels to fulfill revenue expectations, consolidation among its competitors and customers, technology advancements, unexpected costs and charges, adequate funding for plans, changes in interest and foreign exchange rates, regulatory and other approvals and failure to implement all plans, for whatever reason. It is not possible to foresee or identify all such factors. Any forward-looking statements in this report are based on current conditions; expected future developments and other factors it believes are appropriate in the circumstances. Prospective investors are cautioned that such statements are not a guarantee of future performance and actual results or developments may differ materially from those projected. The company makes no commitment to update any forward-looking statement included herein, or disclose any facts, events or circumstances that may affect the accuracy of any forward-looking statement.
Contact: Jody Janson |
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Company: Document Security Systems, Inc. |
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Title: Shareholder Relations |
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Voice: 585-232-5440 |
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Email: [email protected] |
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SOURCE Document Security Systems, Inc.
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