Welcome to our dedicated page for Reeltime Rentals news (Ticker: RLTR), a resource for investors and traders seeking the latest updates and insights on Reeltime Rentals stock.
ReelTime Rentals, Inc. operates as ReelTime Media and ReelTime VR, with company updates centered on multimedia production, virtual reality content services, and its proprietary Reel Intelligence platform. News releases describe RI as a multi-modal artificial intelligence system used for video, image, audio, music, voice, research, code generation, automation, and 2D-to-3D model output for 3D printing.
Recurring developments also include the company’s distributed, chip-agnostic AI architecture, federal-opportunity registration, and balance-sheet actions tied to debt reduction, noteholder agreements, potential dilution, share-count stability, and capital-structure management.
ReelTime VR (OTC PINK:RLTR) announced its support for Megs McLean as she headlines a Virtual Concert on September 4, 2020, streamed live on ABTV. This concert, marking the band's first performance together since COVID-19 restrictions, aims to entertain audiences and raise funds for the music industry. Proceeds will support musicians and crew members affected by the pandemic. McLean, a prominent singer-songwriter, expressed gratitude to her band and the team at Aurora Borealis for their commitment to live entertainment during these challenging times.
ReelTime VR (OTC PINK:RLTR) announced the issuance of U.S. Patent Number 10,761,303 for its Simultaneous Spherical Panorama Image and Video Capturing System on September 1, 2020. This patent protects technology that allows for the capture of 360-degree images and videos without traditional stitching methods, enhancing various industry applications. The patent is effective for 20 years and 247 days, extending to March 23, 2038. CEO Barry Henthorn acknowledged the team's efforts in achieving this milestone, which enables the company to utilize and enforce the patent rights.
Baristas Coffee Company announced the opening of six additional locations for its Munchie Magic virtual restaurant, raising the total from 31 to 37 in just three days. This rapid expansion follows a tripling of locations from 12 to 37 in August, due to the business being deemed essential during the pandemic. The new locations, focused on delivering Ben & Jerry's ice cream and snacks, utilize third-party delivery services like Uber Eats and GrubHub. CEO Barry Henthorn expressed confidence in continued growth and technology integration through ReelTime Media (OTC PINK:RLTR).
ReelTime VR (OTC PINK:RLTR) announced it received an Issue Notification from the USPTO for patent number 10761303, effective 09/01/2020. The notification includes a patent term adjustment of 247 days. CEO Barry Henthorn expressed optimism about the patent, emphasizing its broad applicability across various industries. The technology enables 360-degree VR image capture without requiring stitching, protected against infringement related to multi-image capture methods using mirrors. The patent application traces back to a provisional application filed in July 2016.
Baristas Coffee Company/Munchie Magic reported the opening of five new locations, increasing their total to 31. This expansion follows a recent rapid growth phase where Munchie Magic doubled its location count from 12 to 24 in just 30 days. The company, designated as an essential business, has been operational since the statewide stay-at-home order in Washington. New locations offer delivery of Ben & Jerry's and other snacks through partnerships with Uber Eats, GrubHub, and DoorDash. CEO Barry Henthorn expressed optimism about the quality of partners and data-driven growth.
Baristas Coffee Company has successfully doubled the number of its Munchie Magic locations from 12 to 24 within 30 days, expanding delivery services for Ben & Jerry's ice cream and snacks across Washington State. This growth occurred despite the statewide stay-at-home order issued on March 23, 2020, and demonstrates the company's capacity to adapt. CEO Barry Henthorn noted a strong surge in sales and qualified new locations, highlighting the effectiveness of their business model and technology integration with delivery partners like Uber Eats, GrubHub, and DoorDash.
ReelTime VR (OTCPK:RLTR) announced plans to file a child patent application under its parent patent, which has received a Notice of Allowance from the USPTO. This patent focuses on technology for capturing 360-degree spherical images and video. The technology enables any camera to create immersive content without stitching. The new child patent aims to broaden the scope and enforceability of the existing claims. CEO Barry Henthorn expressed confidence in the process, emphasizing the importance of protecting their intellectual property.