IRVINE, CA–(Marketwire -01/24/12)- Itonis, Inc. (Pinksheets: ITNS.PK – News) today announced that its wholly-owned subsidiary Paramount Discoveries has begun the process to obtain patent rights to magnetize carbon with its revolutionary electro-magnetic frequency technology (EMFT).
Itonis previously announced Paramount Discoveries’ technology creates and sustains an indefinite magnetic moment in natural elements and compounds such as carbon. The unique ability to stimulate magnetism in carbon could change how materials are created and processed, introducing many new and unparalleled opportunities in the scientific and industrial communities.
Billion dollar industries rely on or incorporate carbon in their production and operating processes, and patenting the ability to magnetize carbon is a natural next step to protecting the company’s highly valued proprietary technology in conjunction with efforts to license its EMFT technology.
“The move to patent Paramount Discoveries’ ability to magnetize carbon is a huge stride towards implementing proprietary protections in advance of our upcoming efforts to capitalize on the licensing of Paramount’s technology,” said Steve Pidliskey, Itonis’ Vice President. “This patent process will secure the company’s intellectual property rights as we embark on a lucrative licensing campaign to apply the EMFT technology to numerous industrial applications never thought possible.”
Meanwhile, the company continues its application research for additional patent rights for Paramount Discoveries’ EMFT technologies.
About Itonis, Inc.
Itonis, Inc. (the “Company”) was incorporated in the state of Nevada on July 5, 2005 under the name of Kenshou, Inc. Subsequently, its name was changed to its present name, Itonis, Inc., on December 2, 2005. For more information visit www.itonisholdings.com.
Safe Harbor:
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company’s future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company’s affiliates that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
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