TMM, Inc. (TMMI: OTC Pink Current) | TMM, INC. to focus resources on advancement of new proprietary technologies and voluntarily dismiss lawsuit

TMM, INC. to focus resources on advancement of new proprietary technologies and voluntarily dismiss lawsuit

Jan 21, 2016

OTC Disclosure News Service

TMM, Inc. (OTC PNK: TMMI) (“TMMI”) or (the “Company”), is pleased to
announce that, on the basis of recent developments, TMM, Inc. has
decided to voluntarily dismiss its lawsuit against Dimension, Inc.,
Lawrence Panik, Digital Focus Media, Inc., Bruce Hoyt, Lyman Hurd and
John Elton relating to its claims that they, among other things,
improperly misappropriated and published certain TMM, Inc. trade secrets
involving TMM, Inc.’s original fractal VDK digital compression
technology.

In recent months, TMM, Inc. has completed development of a new digital
compression technology that is unrelated to TMM, Inc.’s original,
fractal VDK technology. TMM, Inc.’s new non-fractal compression
technology includes a new proprietary algorithm that is incorporated in
provisional patent applications filed by TMM, Inc. in 2015. In addition,
TMM, Inc. has developed a new scaling technology which is also based on
a new proprietary algorithm that is part of a number of other recent
patent applications. In all, TMM, Inc. has filed five (5) patent
applications involving its new technologies in the last nine months.

Such new compression technology of TMM, Inc., along with TMM, Inc.’s new
scaling technology, has been demonstrated to several large corporations
in a variety of industries and is currently the subject of multiple test
licenses issued by TMM, Inc. to such companies. TMM, Inc.’s board and
senior management believe the new TMM, Inc. technologies to be superior
to any comparable technology on the market today. Management is
confident that the software and integration testing currently in process
by various companies will result in significant revenue producing
licenses issued by TMM, Inc. in the near term.

“These new technologies have repeatedly demonstrated more efficient
content processing and a better user experience across the board,” said
Gerard V. Cavanaugh, TMM’s President. “They are based on direct feedback
from high-volume users and will give us the traction to be a truly
disruptive market force.”

As a result of such recent advances, TMM, Inc. believes that its
resources are better spent on further developing, refining and
integrating its superior new technologies rather than continuing to
litigate over technology that is no longer in development by TMM, Inc.

About TMM, Inc.

TMM, Inc. (OTC PNK: TMMI) is a technology company headquartered in
Wilmington, Delaware, specializing in digital video compression and
image management. Founded in 1990, the company is dedicated to improving
bandwidth utilization and video image quality. TMMI develops digital
video compression technology that provides end-to-end workflow and
distribution solutions for digital cinema; streaming media; cable TV;
sports; mobile; intelligence, surveillance and reconnaissance; defense;
security; medical imaging; space exploration; gaming and education.

ON BEHALF OF THE TMMI BOARD OF DIRECTORS OF TMM, INC.:
GERARD V.
CAVANAUGH
CHAIRMAN AND PRESIDENT

Safe Harbor Statement:

The information in this release contains forward-looking statements
which involve risks and uncertainties, including statements regarding
the Company’s capital needs, business strategy and expectations. Any
statements contained herein that are not statements of historical fact
may be deemed to be forward-looking statements, which may be identified
by terminology such as “may,” “should,” “will,” “expect,” “plan,”
“intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,”
“forecast,” “project,” or “continue,” the negative of such terms or
other comparable terminology. Readers should not rely on forward-looking
statements as predictions of future events or results. Any or all of the
Company’s forward-looking statements may turn out to be wrong. They can
be affected by inaccurate assumptions, risks and uncertainties and other
factors which could cause actual events or results to be materially
different from those expressed or implied in the forward-looking
statements. Factors may cause the Company’s actual results to differ
materially from any forward-looking statement. In addition, new factors
emerge from time to time and it is not possible for the Company to
predict all factors that may cause actual results to differ materially
from those contained in any forward- looking statements. The Company
disclaims any obligation to publicly update any forward-looking
statements to reflect events or circumstances after the date of this
document, except as required by applicable law.

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The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/TMMI/news?id=123639

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