Nor1, the technology leader in upsell solutions, announces the issuance of Patent Number 8,170,925 from the United States Patent and Trademark Office for computer-implemented methods and systems for automatic merchandising. While this breakthrough pricing and merchandising technology is advanced, Nor1 simply calls it PRiME®.

This patent goes two steps beyond the commonplace notion of a user profile and introduces the concept of a two-sided persona, distinctly a Nor1 innovation. Because they're created in real-time and because they look at both sides of the market, two-sided personas are comprehensive and highly predictive of a transaction outcome — a dramatic step beyond conventional user profiles used in current retail environments.

"We are most proud of the validation and endorsement our technology, PRiME, just received from the USPTO," said Art Norins, Co-Founder and CEO of Nor1. "No other company is leveraging pricing and merchandising technologies in such a data-centric, buyer-centric way."

While its patents span all industries, Nor1"s upsell solutions are focused on the hospitality industry. In support of this concentration, PRiME"s true purpose is to maximize revenue for hotels while maintaining the rate integrity of their perishable inventories. Using sophisticated algorithms trained on millions of historical hotel reservation transactions, PRiME can better predict a hotel guest"s willingness to pay for upgrades and ancillary services. This powerful pricing and merchandising engine produces in milliseconds what it would take the average hotel revenue manager days if not weeks to discern.

PRiME serves as the platform on which Nor1"s upsell solutions, such as the patented eStandby Upgrade®, operate. This is one of several Nor1 patents granted, pending or in the process.

About Nor1, Inc.

On November 18, 2020, Oracle announced that it has entered into an agreement to acquire Nor1. The acquisition extends Oracle Hospitality's OPERA Cloud Suite by adding Nor1's Merchandising platform that enables hotels to provide personalized offers throughout the guest journey using AI & machine learning, thereby improving guest engagement, and driving incremental revenue and improved loyalty for hotels.

Nor1 is the leader in hospitality upgrade, up-sell, and merchandising technology. Headquartered in Silicon Valley with offices across the world, Nor1 provides data-driven pricing and merchandising products that maximize incremental revenues for Hilton, IHG, Radisson Hotel Group, Accor, Wyndham, and other global hotels and resorts. Nor1′s real-time pricing and merchandising intelligence engine, PRiME®, powers eStandby Upgrade®, eXpress Upgrade™,  and CheckIn Merchandising™,to recommend the most relevant upgrade to the right guest at the right time for the most optimal price. For more information, please visit www.nor1.com, or contact us at [email protected].

Lauren Hallman
+1 408.355.9807

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