Ike Epley, CEO of Wellogix, said, "We have spent tens of millions of dollars and over five years in the development and commercialization of our technology. We are pleased that this patent protects several of the core requirements of executing a complex business process and that although we are currently focused with the energy industry, our patent and technology are not in any way industry-specific."
"U.S. Patent No. 7,043,486 is at the forefront of Wellogix' technology portfolio, which also includes additional patent applications that have been allowed and will soon be issued as United States Patents," said Guy Matthews of Matthews, Lawson, Bowick & Al-Azem, PLLC, who represent Wellogix in matters of trademarks, copyrights and patents.
"We believe that this development goes a long way in providing clarity in the marketplace for both our current and prospective clients who are investigating ways to become more effective businesses, and who now can license patented technology to accomplish that goal," concluded Epley.
Formed in 1998 and based in Houston, Wellogix is led by an experienced executive team who truly understands the issues and challenges faced by energy companies and their service providers.
Wellogix delivers on-demand business solutions that support complex services planning, procurement and payment for energy companies and their service providers. The company's scalable, flexible and standards-based applications are available on-demand and connect to and integrate with its clients' existing applications. Wellogix customers realize immediate and lasting value by focusing resources on higher-value activities, by utilizing business intelligence to improve decisions and by decreasing risk.
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