With this acquisition
Phill is the first massage robot with a 35 inch range, 15 lb massage force and is AI controlled.
It’s the only massage robot in the market assisted by Artificial Intelligence and with a wide variety of massage patterns made to take your relaxation to a whole new level.
The Milkyway is the first smart fridge for breast milk storage bags. Its automated vertical rotating storage system organizes every bag by date and ounces freezing them evenly.
Since its inception in
Flagship Products: Phill Robot and Milkyway
The Phill Robot,
Phill Robot is the first massage, scratch, and caress robot featuring cutting-edge AI technology, poised to redefine the massage experience by bringing unparalleled convenience to the user's bedside. This innovative creation takes the approach to relaxation and stress relief to the next level, delivering a personalized and spa-quality massage within the confines of one's home. Phill embodies the essence of a groundbreaking "massage-on-demand" experience.
Phill boasts a patented deployment system with a foldable, long-range arm. It has a 35-inch range and 15-pound massage force, and it is AI-controlled with a wide variety of massage patterns. When in a folded and stored state, it seamlessly serves as a stylish nightstand adjacent to your bed. Distinguished by utilizing top-tier materials and finishes, Phill emerges as the epitome of modernity and sophistication in the robotic market.
The Milkyway, a pioneering smart refrigerator for breast milk storage, epitomizes
Patents and Trademarks
Mycotopia acquired the following patents from
- Philon Labs’ was granted patent number WO/2023/019235 titled Smart Freezer For Organizing Breast Milk Storage Bags, by the
World Intellectual Property Organization (WIPO) for Milkyway inOctober 2023 . The Milkyway patent recently earned recognition as the Most Outstanding Patent of the Month for November in the state ofFlorida . Philon Labs filed US patent application number 17/314,995 for Phill Robot with theUS Patent and Trademark Office (USPTO) onMay 7, 2021 . The patent is currently pending and awaiting assignment.Philon Labs filed a trademark application, US Serial Number 97847341, for Phill Robot with the USPTO onMarch 20, 2023 .
Terms of the Agreement
Under the terms of the Agreement,
In consideration for the acquisition of the Assets,
“This major transaction will provide the Company with the platform to grow and build value for all of our stakeholders,” said
About
Forward-Looking Statement Disclaimer
This press release contains “forward-looking statements” within the meaning of applicable securities legislation. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are based on certain assumptions, opinions and estimates of management and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and other development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Company’s products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Company’s industry and introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the
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Mycotopia Therapies has purchased certain assets of Philon Labs , including patents related to innovative AI robotics based home health products.
Phill is the first massage robot with a 35 inch range, 15 lb massage force and is AI controlled.
2023 GlobeNewswire, Inc., source