Location-based service Loopt has been allowed its first patent, and it could be a big one. The patent, as described, seems relevant to numerous existing products, including Google's Latitude. In layman's terms, it describes using your location to display relevant ads and offers on top of a map, as an interstitial, or as a text ad ? another�claim�also discusses displaying where your friends are on the same map. The patent was first filed in 2007, with Loopt founder Sam Altman listed as the primary inventor (Loopt got its start long before the likes of Foursquare and Google Latitude). The patent, which is listed as Application Number 11/931,113 by the US Patent and Trademark Office, still hasn't technically been granted. But it has been "allowed," which is a precursor to being granted. At this point, it could still be a few months before the patent is granted, assuming that Loopt pays all the proper fees and files the proper paperwork. Source: http://feedproxy.google.com/~r/Techcrunch/~3/Wu_Bj6Naopk/
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