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identitii Limited (ASX:ID8)

ALERT: Price-sensitive ASX Announcement for ID8
Current share price for ID8 : $0.770 0.765 (15,300%)+
Announcement
Release
1 Jun 2026 8:23AM
Price at Release
$0.005
Full Release
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Summary
Identitii Limited, an Australian company listed on ASX under the ticker ID8, announced an update on its patent infringement claim against JPMorgan Chase in the United States. The US District Court for the District of Delaware dismissed the proceedings, finding the asserted claim under US Patent No. 10,984,413 to be directed at patent ineligible subject matter under 35 USC § 101. Identitii's CEO, John Rayment, expressed disappointment with the decision but asserted the company's intention to appeal, emphasizing their belief in their intellectual property. This legal matter does not impact Identitii’s commercial operations, including their financial crime compliance infrastructure known as BNDRY, which continues to function unaffected.
Key Points
  • Identitii Limited was involved in a US patent infringement claim against JPMorgan Chase.
  • The US District Court for the District of Delaware dismissed Identitii's case.
  • The court found the patent claim to be ineligible under 35 USC § 101.
  • Identitii plans to appeal the court's decision.
  • The patent issue does not affect Identitii's ongoing commercial operations.
  • Identitii’s financial crime compliance platform, BNDRY, continues to operate normally.
  • The CEO, John Rayment, expressed disappointment but affirmed confidence in their intellectual property.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.