November 21, 2013 at 07:00 AM EST
Mitek Granted 18th Patent
Patent for Mobile Image Quality Assurance Further Strengthens Intellectual Property Portfolio Created in the Mitek Labs

SAN DIEGO, Nov. 21, 2013 (GLOBE NEWSWIRE) -- Mitek (Nasdaq:MITK) (www.miteksystems.com), the leading innovator of mobile imaging for financial transactions, today announced that it has been issued U.S. Patent No. 8,582,862, "MOBILE IMAGE QUALITY ASSURANCE IN MOBILE DOCUMENT IMAGE PROCESSING APPLICATIONS," by the U.S. Patent and Trademark Office. Mitek now has 18 patents issued and 21 patent applications pending.

Mitek scientists have invented a new series of advanced algorithms and intellectual property which underpins this patent. These algorithms assess document image quality and enable more efficient processing for Mitek clients and reduced friction in the consumer experience. 

To deliver a superior user experience, Mitek Labs created a way to evaluate the quality of the images captured by the consumer in order to determine if they can be processed correctly. CTO, Michael Strange explains that "assessing the quality of the image is a critical component of mobile imaging. Consumers can take imperfect pictures of documents, whether a check, bill or driver's license. Our job is to process as many of these images as possible and we have pioneered a method of measuring image quality as described in this patent. The Mitek Labs have refined this process with years of research and development. It is used in all of our solutions, leveraging complex mathematical and scientific processes to create a superior user experience."

Chief Scientist, Dr. Grigori Nepomniachtchi adds, "As we say, Mitek speaks mobile and math. Mobile Image Quality Assurance sits squarely at the intersection of these two disciplines, and we are proud to have received this new addition to our patent portfolio."

About Mitek Systems

Headquartered in San Diego, CA, Mitek (Nasdaq:MITK) is the leading innovator of mobile imaging for financial transactions. Mitek's patented mobile photo technology automatically captures images of personal and financial documents and then extracts relevant data. This enables consumers to use the Camera as a Keyboard™ to reduce friction for mobile check deposit, account opening, bill payment, insurance quoting, and many other use cases. This innovative technology is licensed by more than 1,400 organizations and used by tens of millions of consumers enabling increased customer acquisition, retention and operational efficiency. www.miteksystems.com.

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CONTACT: Mitek Contact:
         Katie Verducci
         Mix Public Relations
         pr@mix-pr.com
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