Appiphany Technologies Holdings Corp (OTCMKTS:APHD) shares were down 12.50% on Tuesday to $0.00070 but recovered 15.57% to $0.00081 in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.05. The company has a market cap of $110,772 at 158.17 million shares outstanding.
In a press release, Appiphany Technologies Holdings Corp announced that it has been selected by a global leader in imaging technologies for its SaaS-based solution to monitor their brand, physical assets, and counterfeit products across more than 30 global auction sites.
“After a long term and rigorous pilot, it became clear that IP Risk Control was the right technology and price point for the clients’ needs,” said Appiphany Technologies Holdings Corp President Jason Remillard. “They needed an intelligent, reliable easy to use and accurate solution to monitor the global web not just for counterfeit goods, but other instances where their Intellectual Property is being infringed upon.”
“This confidential client has an aggressive patent protection program in place – worldwide, that dictates a global, multilingual and technically diverse support solution,” Remillard continued. “Our solutions are perfectly positioned to manage the complex issues surrounding counterfeit, fraud and patent infringement detection and mitigation.”
Appiphany Technologies Holdings Corp is a development-stage global brand protection company. Its business model will encompass all areas of protecting intellectual property of global brand owners through risk management, technology innovation and strategic supply chain strategies.
To be specific, its core focus is online brand protection or Internet monitoring. Its Web-based platform allows it and its clients to search, identify and take action against illicit, counterfeit, and diverted sales of products purporting to be their product online. Its other offerings include risk management services, custom application software development (Serialization/T&T) and print technology services (forensics, labels and hangtags). Its clientele is focused on the luxury goods industry, as well as the footwear and apparel market. The Company has three primary monitoring platforms: Watchdoga Protect, Watchdoga Locate and Watchdog Weba. It has limited operations.