AUUD - Auddia Issued Core AI Patent

2024-04-08 08:34:52 ET

DENVER, Colo., Apr 08, 2024 ( 247marketnews.com )- Auddia Inc. (NASDAQ: AUUD ) reported that it was awarded U.S. Patent 11,935,520, from the U.S. Patent and Trademark Office (USPTO), for the core AI technology Auddia uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.

“Although we have believed we were leading the AI space with important and patentable technology when we began the process of training our algorithm to deliver a premium ad-free AM/FM listening experience, there is a big difference between filing a patent application and having the application approved,” said Jeff Thramann, Executive Chairman of Auddia. “Issuance of this patent validates our innovation and secures our AI for Audio technology as a proprietary platform we look forward to building upon to drive new innovations in support of additional industry first premium audio listening experiences.”

“As the technology landscape continues to accelerate, we continue to evaluate new technologies to determine how we can use them to introduce unique capabilities and experiences for creators and consumers within the audio space,” said Michael Lawless, Auddia CEO. “We look forward to continued validation from the USPTO as we continue to innovate and invent.”

AUUD’s reported float is 719K shares.

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