Published: Friday, October 06, 2017 @ 8:34 AM
Updated: Friday, October 06, 2017 @ 8:37 AM
By: Kaitlin Schroeder - Staff Writer
An Englewood company that plans to develop office centers equipped with remote video conferencing technology acquired a Texas firm and 14 patents.
Buffalo Pacific is currently building a 8,000-square-foot “community portal” center on Experiment Farm Road in Troy, with ambitions to build more around the country.
The center in Troy is intended for businesses like banks, doctor’s offices or colleges that might want to lease a space where people in Troy can communicate long distance, like remote bank tellers or teachers lecturing from another campus.
Buffalo Pacific announced in a statement this week it signed an agreement to buy Telepresence Technologies, based in Plano, Texas.
David Allen, chairman and CEO of Buffalo Pacific, said in a statement “acquiring TPT is the culmination of a long- standing strategy to implement the revolutionary holographical reality patent portfolio within the architecture of Community Portals built by Buffalo Pacific.”
With the acquisition, Buffalo Pacific gets 13 U.S. patents and one European Union patent for holographical reality, which is the technology at the center of the Englewood company’s communication portals at its Troy office center.