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TALi Digital (ASX:TD1) awarded first U.S. patent

Technology
ASX:TD1      MCAP $3.295M
21 April 2020 12:30 (AEST)

Early childhood technology company TALi Digital (TD1) has been awarded its first patent in the United States.

This patent has been granted by the U.S. Patent and Trademark Office and covers TALi products and technology.

The patent — number 10,621,822 — covers the assessment, training function, and the technology used for TALi’s products. It is valid for a period of 20 years from the date of submission.

“The granting of this U.S. patent, combined with our extensive IP (intellectual property) portfolio, further strengthens TALi’s position as a global leader in the cognitive assessment and training segment, particularly in the area of early childhood attention,” Managing Director Glenn Smith said.

“The significance of this patent cannot be understated as it covers both the assessment and training functions. This competitive advantage allows the company to accelerate its previously stated strategic objectives and opportunities,” he added.

TALi’s U.S. expansion has been significantly enhanced as the company achieved Google For Education Partner status in mid-January.

This status means that TALi’s products, TALi Train and TALi Detect, are able to be accessed through Google tools, like Google Chromebooks and G Suite for Education.

These products are widely used in the U.S. school system, with over 55 per cent of all school children using a Google product every day.

TALi Train and TALi Detect help children with focus difficulties by giving them personalised ‘games’ to help improve cognitive skill and function.

According to the Centers for Disease Control and Prevention, 6.1 million, (or 9.4 per cent), of school-aged children in the U.S. have ADHD. Iit is one of the most frequent behavioural disorders experienced by children in the country.

Following the announcement, TALi is up 9.68 per cent and shares are trading for 3.4 cents each at 11:41 am AEST.

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