Israeli Cannabis Technology Company BYND Cannasoft Enterprises Provides Update On International Patent Application Process For Its Revolutionary EZ-G Device

BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) (CSE:BYND) ("BYND Cannasoft" or the "Company") announced today that as part of the PCT patent application process for the EZ-G device, an International Searching Authority ("ISA") examiner has provided a preliminary, non-binding opinion that one of the inventions comprising the EZ-G device is novel and inventive.
 

BYND Cannasoft can now accelerate the examination of its present application in some jurisdictions, such as the US and Israel, as part of a PCT-PPH program. Although non-binding, the positive opinion of the ISA examiner provides greater comfort of the patent application proceeding through the examination procedure without objections being raised as to a substantive lack of patentability.

The EZ-G device is a unique, patent-pending device that, combined with proprietary software (provisional application), regulates the flow of low-concentration CBD oils into the soft tissues of the female reproductive system. According to research conducted across the globe, treatment with low-concentration CBD oils can relieve candida, dryness, scars, and many other female health issues.

In September, BYND Cannasoft completed its acquisition of Zigi Carmel Initiatives & Investments Ltd., which holds the intellectual property for the patent-pending EZ-G device. At that time, BYND Cannasoft announced plans to pursue the patent and establish a marketing and sales system for the EZ-G device based on B2B and B2C sales.

Yftah Ben Yaackov, CEO and Director of BYND, said, "We are pleased to inform our shareholders that the Examiner of the international PCT application has determined that one of the inventions comprising the EZ-G device is novel and inventive. Since BYND Cannasoft purchased Zigi Carmel Initiatives & Investments, I have been committed to bringing the EZ-G device to market as quickly as possible. We see tremendous potential for our CBD-based EZ-G device and are not aware of any other product like it on the market today."

The Patent Prosecution Highway (PPH) is an examination cooperation program between two patent offices that allows the applicant to request accelerated examination to the second office if a corresponding application has been found allowable and patentable by the first office. The PPH works in conjunction with the PCT. This coordination allows applicants to obtain patents worldwide and build a global portfolio quickly.