Sign up USA
Proactive Investors - Run By Investors For Investors

World Moto's Moto-Meter granted a patent in China

World Moto, Inc. said on Tuesday it has been awarded a patent on the Moto-Meter in the People's Republic of China
World Moto's Moto-Meter granted a patent in China
Motocycle taxis market is 15 times that of auto taxis

World Moto, Inc. (OTCMKTS:FARE) said on Tuesday it has been awarded a patent on the Moto-Meter in the People's Republic of China.

A leader in advanced solutions for motorcycle taxis and on-demand transport, World Moto has filed for patent prosecution of its Moto-Meter technology in 61 countries throughout Asia, Africa, Europe and the Americas.

These countries were carefully selected to cover most of the world's mototaxi and autorickshaw fleets and population. With the addition of China, World Moto has now been granted patents in 38% of the targeted territory, with the remainder expected to complete their substantive examination periods in the coming months.

"It is worth restating that in addition to representing a market over 15 times larger than automobile taxis, motorcycle taxis are the lifestyle choice of billions, and mototaxi operators are the messengers, deliverers, and personal assistants to which everyone naturally turns," said Paul Giles, World Moto's CEO.

"More so than the automobile taxis, this is the strategic segment which needs to be captured in order to become a global leader in local transport and commerce. And World Moto continues to be one of the only public companies actively pursuing this industry," he added.

View full FARE profile View Profile

World Moto Timeline

Article
February 09 2016
Article
January 19 2016

Related Articles

Single aisle aeroplane
September 14 2017
A bit like Doctor Who, the company likes to regenerate periodically

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use