Innovation Direct™ inventor’s tool product subject of initial interest from manufacturer; non-disclosure agreement sent…
Good evening, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, chiming in with another update. We are pleased to announce that a tool invention from the Innovation Direct™ roster is the subject of initial interest from a Massachusetts-based company that has been in business for over 35 years. The company had received preliminary, non-confidential information about the product idea a few weeks ago and deemed it sufficiently intriguing to want more details. The invention is a breakthrough new tool concept that enables its users to loosen and tighten bolts with minimal effort. It is particularly idea for use in tight spaces where a conventional model of the same type of tool could not be used without great difficulty.
As customary, the manufacturer has already been sent a non-disclosure agreement by the Innovation Direct™ representative managing the situation. If and when the signed guarantee of confidentiality is returned by the company, they will be provided with access to all of the detailed design information available about it.
The Innovation Direct™ Blog will be the place for any and all future updates to this situation. Check back with us frequently!