Tautachrome Inc (OTCMKTS:TTCM) shares were down 10% to $0.0189 on Wednesday but rebounded 4.23% to $0.0197 in after-hours trading. The company has a market cap of $52.46 million at 3.00 billion shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.03.
Tautachrome Inc was recently uplisted on OTCQB late last year then ended 2016 with a positive update on its pending patent applications. These developments were highlighted in the company’s latest shareholder update, which also contained some of their plans for this year.
“We view our up-listing to the OTCQB trading market as the first step towards our eventual goal of listing our shares on one of the national stock exchanges such as the NASDAQ,” the update indicated. “We ended 2016 with all of our authentication patent claims being allowed by the U.S. Patent Office. These are the central claims in the company’s KlickZie technology that provides for the automatic authentication of the videos and photos that flow out of the world’s smartphones.”
For this year, Tautachrome Inc plans on pursuing claims related to secure image-capture in the smartphones and claims covering further inventive features and aspects of authentication. If these are also approved, further stock price gains could be seen.
“Tautachrome is the only company in the world with patent claims dedicated to allowing billions of people around the world –all the users of smartphones — to make pictures and videos, as a normal course of their picture making, that, with evidence-grade reliably, can be authenticated and trusted by any third party anywhere else in the world,” the update also indicated.
Management also shared that they were able to launch a social media presence on Facebook, Twitter, and Instagram while significantly increasing the publication rate of press releases on the company’s intentions and actions. This year, they plan on increasing these investor relations activities to raise public awareness on KlickZie and attracting more potential investors. In doing so, the company expects that this will bring in more licensing revenues, additional public awareness, and appreciating share value and liquidity for investors.
Lastly, Tautachrome Inc also shared that they have been working with a Fortune 50 company for the last part of 2016 and that the implementation of their KlickZie technology with this company would give it a large payoff, both in terms of enhancing its public image and in terms of accelerating revenue growth.
Formerly known as Roadships Holdings Inc, Tautachrome Inc operates in the Internet applications space. In particular, it is engaged in pursuing three avenues of business activity: KlickZie technology-based business development and monetization; Smartphone application development and digital design, and acquisition of revenue-generating smartphone applications.
Its KlickZie Activation Platform will enable consumers to download KlickZie’s free camera upgrade software into their mobile device, which thereafter activates the pictures and videos taken by their device using KlickZie technology. The Smartphone application development and digital design business activity will be conducted by Polybia Studios, Pty Ltd. Its Appquisitions Division is created as a vehicle to acquire revenue-generating smartphone applications. Its PhotoSweep is an application that lets users select photos from their smartphone photo albums, and have them printed and sent to addresses of their choosing.