Alpha Modus Secures Landmark Settlement With Open Door for a Game-Changing Partnership
17 Marzo 2025 - 1:50PM
Alpha Modus, a leading innovator in AI-driven retail technology,
today announced a groundbreaking settlement in its patent
infringement lawsuit against Wakefern and Shelf Nine. As part of
this resolution, Alpha Modus and Shelf Nine have reached a
settlement agreement, while Shelf Nine’s parent company, VSBLTY
Groupe Technologies Corp. (“VSBLTY” or “VSBLTY Group
Technologies”), and Alpha Modus negotiate a strategic partnership
for the deployment of Alpha Modus’ cutting-edge technology which
would include a perpetual license for Alpha Modus’ patented
innovations.
The lawsuit—one of several filed by Alpha Modus against major
retailers and digital signage networks, including Walgreens,
Kroger, Wakefern, Shelf Nine, and Brookshire Grocery—centered on
proprietary technology designed to enhance digital engagement and
data-driven retail solutions. This agreement not only validates
Alpha Modus' intellectual property rights but also establishes a
long-term opportunity to integrate Alpha Modus’ technology with
VSBLTY’s proprietary and robust data analytics software once VSBLTY
Groupe Technologies and Alpha Modus finalize their strategic
partnership agreement.
“This settlement marks a transformative moment for Alpha Modus,
as it not only affirms the strength and enforceability of our
patents but also fosters a valuable partnership with Shelf Nine
through an agreement with VSBLTY Groupe Technologies,” said William
Alessi, CEO of Alpha Modus. “By securing a perpetual license for
our technology through the proposed partnership agreement and
aligning with a key industry player, we are taking a significant
step toward widespread adoption and continued innovation in digital
retail engagement. Additionally, this settlement provides Alpha
Modus with a distinct competitive advantage in our sales pipeline.
It’s been validated! We offer patent-protected, AI-driven retail
technologies—capabilities our competitors simply cannot match.”
Through the proposed partnership agreement, Shelf Nine’s parent
company VSBLTY Groupe Technologies will leverage Alpha Modus’
proprietary solutions to enhance its retail media network,
providing advertisers and retailers with state-of-the-art tools to
optimize in-store customer engagement. This settlement and future
strategic alliance reinforce both companies’ market position while
opening new avenues for growth and technology deployment.
“The irony of this partnership is not lost on us—what started as
a lawsuit has evolved into one of the most valuable alliances for
both organizations,” said Jay Hutton, CEO of VSBLTY Groupe
Technologies. “While the circumstances of our initial engagement
were far from ideal, the outcome is undeniably positive. We now
have the opportunity to compete in an industry dominated by giants,
backed by a portfolio of patented IP from Alpha Modus and VSBLTY.
Our combined vision and execution capabilities are impressive, and
we are excited about the opportunities ahead.”
Furthermore, Alpha Modus believes that numerous companies are
currently infringing on its patent portfolio. This settlement
strengthens the company’s ability to pursue further enforcement
actions and ensures that its innovative technologies are recognized
and respected throughout the industry. Alpha Modus remains
steadfast in protecting its intellectual property and will take
decisive action, if necessary, to uphold its rights.
Alpha Modus believes the investment community will closely
monitor the implications of this agreement, as it not only
fortifies Alpha Modus’ intellectual property portfolio but also
demonstrates its ability to drive sustained value through both
innovation and strategic partnerships—while underscoring its
commitment to enforcing its IP rights when required.
About Alpha Modus
Alpha Modus Holdings, Inc. (Nasdaq: AMOD) is a pioneering
technology company specializing in AI-driven retail and fintech
solutions. The Company’s patented technologies optimize consumer
engagement, enhance in-store experiences, and drive measurable
returns for retailers and brands. For more information,
visit www.alphamodus.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Alpha Modus’s
actual results may differ from their expectations, estimates, and
projections, and, consequently, you should not rely on these
forward-looking statements as predictions of future events. Words
such as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar
expressions (or the negative versions of such words or expressions)
are intended to identify such forward-looking statements, but are
not the exclusive means of identifying these statements. These
forward-looking statements include, without limitation, Alpha
Modus’s expectations with respect to future performance.
Alpha Modus cautions readers not to place undue reliance upon
any forward-looking statements, which speak only as of the date
made. Alpha Modus does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions, or circumstances
on which any such statement is based.
Contacts:Alpha Modus Holdings, Inc.Investor
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A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a2ca4040-5ebd-44d8-8e5c-a844d983bd63
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