Top Image Systems Ltd (NASDAQ:TISA) files a patent application for new TIS application

Boston, MA 06/11/2013 (wallstreetpr) – The share prices of Top Image Systems Ltd (NASDAQ:TISA) had surged by 14.29 percent to close at $3.52 per share for the end of last trading session on Monday. The shares of the company had traded with an intraday low price of $2.92 per share and intraday high price of $3.59 per share.

Top Image Systems Ltd (NASDAQ:TISA) is primarily engaged in the development and commercialization of automated data capture solutions, which provide for management and validation of content gathered from customers, trading partners and employees. The data capture solutions provided by the company facilitate the delivery of digital content to the applications that drive an enterprise using technologies related to wireless communication systems, servers, form processing and information recognition systems.

Patent filing for new TIS application

Top Image Systems Ltd (NASDAQ:TISA) had recently filed a patent application with the United States patent office for the patent and approval of its innovative TIS capture product, Glassware which is a Google glass capture application product. This new and innovative product is designed to enable the users to capture digital images of the documents using the wearable computer that is attached to the Google Glassware. The documents so captured as images could further be retrieved and processed using the application software developed by Top Image Systems Ltd (NASDAQ:TISA) in order to be used for decision making.

At the launch of Eflow5, the latest version of the digital image capture platform developed by the company, Top Image Systems Ltd (NASDAQ:TISA) had presented its new TIS application related to the Google Glassware. The shares of Top Image Systems Ltd (NASDAQ:TISA) had recorded 52 week high price level of $4.93 per share and 52 week low price level of $2.70 per share.

The company witnessed the trade of 167,980 shares on Monday, while the average trading volume for Top Image Systems Ltd (NASDAQ:TISA) is at 41,431 shares per day.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.