The patent for "Network Based Authentication" protects CounterPath's means of authenticating a VoIP softphone application on a device through a GSM-based telephone network rather than through the traditional username and password. This enhances "the value of CounterPath's Operator OTT (Over the Top) solution offerings" and enables "mobile operators to offer a highly improved seamless VoIP user experience for its customers," according to the company's press release.
The patent allows manufacturers and service providers to include a built-in app on a device that allows it to "just work" with regard to mobile authentication when the user turns on the device. This eliminates the need for a username and password.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The stock was up 52.92% to $1.67 at 12:58 p.m. More than 5.2 million shares had changed hands, which dwarfed the average volume of 24,703, and the stock nearly hit its 52-week high of $2.20. CPAH data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.