GMO PRIME STRATEGY CO.,LTD. [5250.T]
TOKYO, Jun 11 (Pulse News Wire) – GMO Prime Strategy CO.,LTD. (5250.T) announced today that its board of directors has decided to abandon the US patent application for its web acceleration engine, WEXAL.
The decision was made due to multiple rounds of amendments and arguments failing to overcome recent rejection notices citing non-obviousness. Considering the likelihood of obtaining rights and cost-effectiveness, the company concluded that abandoning the application was the appropriate course of action.
Regarding future prospects, the company expects the impact on its business development and current performance to be minor.
🟢 Confidence: High AI-translated content.