Alpha Modus files patent infringement lawsuits against retail tech firms

CORNELIUS, N.C. - Alpha Modus, Corp., a subsidiary of Alpha Modus Holdings, Inc. (NASDAQ:AMOD), a $46.58 million market cap technology company currently trading at $1.11 per share, has filed new patent infringement lawsuits against several companies in the U.S. District Court for the Eastern District of Texas, according to a company press release issued Tuesday. InvestingPro data shows the company maintains profitability despite experiencing significant stock volatility, with shares down 63% year-to-date.

The lawsuits target Sensormatic Electronics LLC and Johnson Controls International PLC in one case, and Navori SA and meldCX Pty Ltd in another. Alpha Modus alleges these companies are using its patented artificial intelligence systems that monitor and analyze consumer behavior in retail environments.

The complaint against Sensormatic and Johnson Controls involves U.S. Patent Nos. 10,853,825; 12,039,550; 11,042,890; and 11,301,880. Alpha Modus claims Sensormatic’s retail analytics products, including ShopperTrak Analytics and TrueVUE Cloud, infringe on its patents.

The second lawsuit targets Switzerland-based Navori SA and Australia-based meldCX Pty Ltd, alleging their Signagelive and Viana Analytics platforms violate U.S. Patent Nos. 10,360,571; 12,039,550; 11,042,890; and 12,026,731.

These filings represent the latest in Alpha Modus’s ongoing enforcement efforts regarding its intellectual property in retail technology. The company states it has more than a dozen active enforcement actions and has already secured multiple licensing agreements. According to InvestingPro analysis, while Alpha Modus trades at a P/E ratio of 28.91, the company’s financial health score indicates potential challenges ahead. Subscribers can access 8 additional key ProTips about AMOD’s financial outlook.

Alpha Modus Holdings, through its subsidiary, develops AI-driven retail and investment solutions and maintains a portfolio of patents related to retail engagement and consumer analytics technologies. Despite operating with moderate debt levels, the company’s current financial metrics suggest careful monitoring is warranted. Get comprehensive insights and real-time analysis with InvestingPro.

In other recent news, Alpha Modus Holdings, Inc. has been actively involved in multiple legal actions related to patent infringement. The company has filed a lawsuit against RetailNext Inc., alleging unauthorized use of its patented technologies for tracking shopper behavior and optimizing store layouts. Additionally, Alpha Modus has initiated similar legal proceedings against Mood Media, LLC, accusing them of infringing on seven patents concerning real-time shopper analytics and personalized in-store engagement. The company also filed a lawsuit against Allerin Tech Pvt. Ltd., claiming infringement of ten patents related to consumer behavior analysis and AI-driven retail engagement technologies.

In a separate development, Alpha Modus was granted a new U.S. patent for its retail shopper analytics technology, which includes methods for monitoring shopper behavior and generating real-time comparisons. Furthermore, Alpha Modus Holdings has canceled a stock exchange agreement with The Alessi 2023 Irrevocable Trust, a family trust of CEO William Alessi. The cancellation followed a decline in the closing price of Alpha Modus’s Class A common stock, which influenced the decision not to issue the 40,111,940 shares initially planned. These recent developments highlight Alpha Modus’s ongoing focus on protecting its intellectual property and strategic financial decisions.

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