Newgen Software, a global provider of solutions managing content, processes, and communication, today announced that it has been granted Patent Number 316146, entitled "Automated Quality and Usability Assessment of Scanned Documents".
The patent recognizes Newgen's rich experience, efforts, and inventions. The invention, feature of Newgen OmniScan solution, enables organizations to automatically assess the quality of images at the point of scanning and help them make necessary corrections. This will help organizations in reducing errors, ensuring faster processing and delivering effective output.
"We are pleased with the issuance of this patent. It underscores our focus and ability to deliver state-of-the-art products and solutions. We continue to maintain our innovative culture and enable our customers to stay ahead in the competitive landscape", said Diwakar Nigam, Chairman and Managing Director, Newgen Software.
The patent is granted by the Indian Patent Office (Chennai) administered by the Office of the Controller General of Patents, Designs & Trade Marks (CGPDTM), part of Department of Industrial Policy and Promotion under Ministry of Commerce and Industry. And, is valid till October 6, 2029.
Newgen has filed 44 patents till date, out of which 12 have been granted.
Shares of Newgen Software Technologies Ltd was last trading in BSE at Rs.295.25 as compared to the previous close of Rs. 293.5. The total number of shares traded during the day was 435 in over 48 trades.
The stock hit an intraday high of Rs. 299.9 and intraday low of 295.25. The net turnover during the day was Rs. 129857.