VTIX is trading at $3.51 (+9.01%) after the company announced a significant development for its intellectual property portfolio.

  • The virtual reality firm announced it received a Notice of Allowance from the U.S. Patent and Trademark Office (USPTO) for its 26th U.S. patent. [1, 3]
  • The patent covers proprietary innovations in the mechanical design of its Omni One omni-directional treadmill, which allows users to move in 360 degrees within virtual environments. [2, 8]
  • CEO Jan Goetgeluk stated the patent reinforces the company's leadership in the space, expanding its portfolio to 26 issued patents with five more pending. [2, 3]