Max Sound Corp (OTCBB:MAXD) is moving back towards its base at a penny after 2 recent moves to highs near $0.03 a share.
There is significant speculation that MAXD will partner with TMM, Inc. a technology company headquartered in the US, specializing in digital video compression and image management. Founded in 1990, the company is dedicated to improving bandwidth utilization and video image quality that is currently working with Raytheon, Video Bank and Geppetto Avatars.
Max Sound Corp (OTCBB:MAXD) mission is to make MAX-D HD the new consumer audio brand standard across all major vertical markets. The Company brings forth technologies for the betterment of our world, including VSL’s Optimized Data Transmission Technology. Max SoundÂ®, MAXDÂ® and MAX-D Audio PerfectedÂ® which are all registered trademarks of the Company.
The Company’s proprietary audio process creates HD audio from a compressed audio source such as MP3s, without increasing file size or format. The MAX-D process restores harmonics and dynamic range generally lost in compression and brings HD sound to digital media. Audio is played with extra dimension, depth, and detail, providing a crisp, clear, and powerful listening experience.
Max Sound® Corporation owns the worldwide rights to all fields of use to Max Sound® HD Audio which was invented by Lloyd Trammell, the top sound designer and audio engineer who developed and sold the first working Surround Sound System to Hughes Aircraft. Mr. Trammell, who is now the CTO of Max Sound® also developed MIDI for Korg and owns five patents in dimensional sound processing. Max Sound® is to Audio what High Definition is to video. Max Sound® works by converting all audio files to their highest possible acoustically perfect equivalent without increasing files size or bandwidth usage.
Max Sound® is pursuing 12 vertical markets with interest from the dominant players who the Company believes presently have no other viable, equivalent solution for their audio technology needs. The Company believes that each of these markets present significant opportunities for developing revenue from licensing fees and recurring revenue streams. Max Sound® has opened its office and post-production studio in Santa Monica, California in the heart of the entertainment industry where a majority of multi-media trends are developed and popularized prior to proliferating into the consumer mainstream.
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The Company has an important partnership in place with Qualcomm how has integrated MAX-D HD on their Snapdragon chip, making the technology available on any smartphone, computer, or wireless device.
According to their website MAXD has spent over $10 million on research and development in recent years and has filed over 70 patents pending on its MAX-D HD audio technology.
Another important initiative for MAXD is their new android apps that Harness the Power of MAX-D HD AUDIO. The app was designed by the Company to resynthesizes audio that was lost during the compression process.
According to the shareholder update from January they have over 80,000 subscribers on the free version of the HD Audio App for MP3’s on Android. The Company says they are in the final weeks of Beta testing of their latest MAX-D HD Apple iOs App that will support current iPhones and iPads. We plan on a Q1 2015 launch onto the Apple App Store.
On December 12 MAXD announced that it provides an ongoing summary of its business and legal actions.
Dear MAXD Shareholders,
Looking back on 2016, it was a year of progress. Some of the progress was slower than we would have liked, but overall as a Company we moved forward in significant ways. I’d like to take this opportunity to give you a brief description of where things stand currently and what we expect in 2017 and beyond.
The Legal Actions – As you are aware, in any legal proceedings, often much of the information surrounding the cases must remain confidential, but here is some information we’re able to share with you on these lawsuits:
Many of you have been inquiring about how the cases against Google and Netflix are going. Let me begin by restating my excitement over one of our most important pieces of news this year: Max Sound is now the co-owner of the Optimized Data Transmission (ODT) patent portfolio!
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Currently trading at a $11.05 million market valuation MAXD has minimal assets (besides the $18m in intangible assets) or revenues and rising short term debt. But MAXD is an exciting story developing in small caps; the Company has a number of proprietary products in the audio market as well as a valuable patent portfolio that could stop the big boys in their tracks. We will be updating on MAXD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MAXD.
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Disclosure: we hold no position in MAXD either long or short and we have not been compensated for this article.