BCAN - Positive opinion from ISA-Israel patent office Provides the ability to file a patent application under the Patent Prosecution Highway (PPH) in the US | Benzinga
ASHKELON, Israel and VANCOUVER, British Columbia, Dec. 18, 2023 (GLOBE NEWSWIRE) -- BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) (CSE:BYND) ("BYND Cannasoft" or the "Company") announced today a significant milestone in its intellectual property strategy as its Zigi Carmel Initiatives & Investments LTD subsidiary filed a national phase application for Its EZ-G Device. A national phase application corresponding to inventive concept III of PCT/IL2022/050783 was filed on December 7, 2023, as a U.S. utility patent application under the Patent Prosecution Highway (PPH) and has been allocated the application number 18/567,766. The Company also announced filing in 11 additional jurisdictions, including the European Patent Office (EPO), which includes 38 European countries.
BYND Cannasoft also announces the following expansion of its intellectual property strategy:
- Provisional Patent Applications
In addition to the PCT applications, BYND Cannasoft has filed two provisional patent applications in the US, laying the foundation for future patent protection. The Company plans to file corresponding PCT applications within 12 months.
- Design Applications
BYND Cannasoft has expanded its intellectual property strategy with two design applications filed in China, emphasizing the importance of ornamental design protection for functional items.
- Patent Prosecution Highway (PPH)
The Company has strategically pursued accelerated processing through the Patent Prosecution Highway (PPH) for one of its inventions, aligning with international efforts to promote work-sharing among patent offices.
Future Steps and Collaboration
BYND Cannasoft remains committed to securing robust intellectual property protection for its innovative products. The Company is actively collaborating with legal experts, including Reinhold Cohn and Partners, to navigate the complex landscape of patent prosecution and ensure optimal outcomes.
Yftah Ben Yaackov, CEO and Director of BYND Cannasoft said, "We believe these benefits of expanding our intellectual property strategy will lead to a much higher valuation for our shareholders. Understanding how to leverage ...