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TheStreet Open House

Net Element Files Patent Application For Music Brain, A New Psychographic Music-Matching Platform That Uses An Algorithm To Create Custom Playlists

Stocks in this article: NETE

Net Element (OTCQB:NETE), a technology services provider and Internet publisher, today announced its filing of a provisional patent application in the U.S. for a new psychographic music-matching algorithm, "Music Brain."

Here's how Music Brain works: Site visitors on Music1.com, a NETE-owned and operated business unit, can obtain custom playlists based on Music1's Music Brain algorithm. Music Brain provides site visitors with three images to choose from and then analyzes the visitors' choices. Then, the algorithm selects music based on their image selections that is tailored to fit their unique preferences.

Music Brain is currently available to a private beta test group. To participate, users may visit www.Music1.com and request access.

"Music Brain is community matchmaking for music -- it's the eHarmony for music selection," said Dmitry Kozko, co-inventor of Music Brain. "As a technology leader and innovator committed to redefining online experiences, Net Element is proud to offer innovative, first-of-a-kind technologies like Music Brain that are unique, fun and engaging."

Ivan Onuchin, NETE’s chief technology officer, added: “Filing patent applications for our innovations is part of our company’s strategy to solidify Net Element’s intellectual property position and support our key growth initiatives. As we continue to expand our Music Brain technology and its applications, we plan to broaden the scope of these filings.”

Music Brain increases and enhances the accuracy and relevancy of content recommendation engines.

About Net Element (OTCQB:NETE)

Net Element (OTCQB:NETE) is a global publisher of online destinations and business services on a custom technology platform for Internet and mobile distribution. This platform enables the rapid development, production and distribution of rich media content (HD & 3D), services (SaaS) and branded content in entertainment and news. NETE owns and publishes Internet properties and creates social and business communities in motorsports, music, film and entertainment. Its portfolio includes: www.Motorsport.com; www.Openfilm.com; www.Music1.com; www.Yapik.com and www.ARLive.com. For more information, visit www.NetElement.com.



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