RNS Number : 0422X

Semodu AG

15 December 2023

Semodu AG / Key word(s): Patent/Investment
SEMODU AG - subsidiary WANDWALL PLC (Dublin) publishes international application under the Patent Cooperation Treaty (PCT)

15.12.2023 / 17:01 CET/CEST
The issuer is solely responsible for the content of this announcement.

WANDWALL PLC, a subsidiary of SEMODU AG, announced today that the application for a comprehensive world patent for a large number of countries was published on 30 November. 

The patent application was published via the World Intellectual Property Organisation (WIPO). In addition to team members from WANDWALL PLC and SEMODU AG, experts and scientists from PATEV Associates GmbH & Co. KG have also been involved. To date, WANDWALL PLC has invested well over three million euros in the development of the completely new technologies. The legal support is provided by MFG Patentanwälte Meyer Wildhagen Meggle Freund Gerhard PartG mbB.

WANDWALL PLC develops partially AI-based systems for the home of the future. The applications should make it possible in future to combine IOT components and smart home technologies in a standardised building operating system for buildings based on a modular design. However, the core of the development is revolutionary and groundbreaking: 

The focus is on the user of the respective room, who can create an entirely new sense of space with the help of newly conceived hardware equipment and supplemented by user-friendly software systems. The technology is flanked by AI elements that enable the user to utilise rooms for different purposes or to transport their user profile across rooms and building boundaries worldwide with the help of smart contracts.

According to preliminary estimates, the market potential for this product amounts to several billion USD by 2030.

In the next stage of development, which involves the integration of hardware components into the industrially manufactured building modules, a global market leader in the field of electronics will be involved with immediate effect. 

SEMODU AG holds a 48 per cent stake in WANDWALL PLC.

15.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:	English
Company:	Semodu AG
	Maximilianstraße 2
	80539 München
	Germany
Internet:	https://semodu.com/
ISIN:	DE000A2GS6H7
WKN:	A2GS6H
Listed:	Regulated Unofficial Market in Munich
EQS News ID:	1798257

End of News EQS News Service

1798257  15.12.2023 CET/CEST 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRANKPBBABDDFBD