Smith Micro Software awarded patent, Russell 2000 rising
Aliso Viejo, Calif.-based Smith Micro Software, Inc. (Nasdaq: SMSI) is not contributing to a rise in the Russell 2000 this morning despite news the wireless communication software company has been issued a patent covering methods of remotely updating an electronic device via a public network. At 9:47 a.m. ET shares were down $0.07, or 0.43%, to $16.07.
Meanwhile, the Russell 2000 was up 2.84 points, or 0.34 percent, to 829.20. That’s within reach of its record close of 831.44 on April 16.
The invention described in the patent relates to systems and methods for updating a data image stored in a non-volatile memory device, such as a flash memory.
“Our unique technology facilitates high speed firmware updates of mobile devices delivered over-the-air. Speed is important during this critical operation as is dramatically affects the user experience and device availability,” VP and General Manager Mark McMillan said before the opening bell.
Smith Micro Software said the patent should boost its Insignia product line and allow mobile operators and handset vendors more rapidly deliver new services and features to their customers.
The company also said that it has six more patent applications, but it did not specify when it expects to hear from the U.S Patent and Trademark Office.
