Innovation Direct™ inventor’s automotive accessory still subject of interest from Arizona-based company after extended period; evaluation phase likely to be prolonged…
Good afternoon, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with our first update for a Wednesday. Earlier Wednesday, our contact at an Arizona-based manufacturer that originally expressed an advanced level of interest in an automotive accessory from the Innovation Direct™ roster in November 2007, and that signed an exclusive developmental agreement for it in December of that year, contacted the Innovation Direct™ representative that has managed their interest since its onset via e-mail with a long overdue update.
The last e-mail request for a progress report had been sent to the company contact in early May, but there had not been a response received until this point. The e-mail received from the manufacturer was essentially a mixed bag. To begin with, our contact explained that the active evaluation of the invention has been put somewhat on the back burner because of a slew of other projects. However, our contact did state that they have continued almost daily testing of the inventor’s prototype samples. The invention, incidentally, is a mechanical component that is located within the engine. The company contact went on to state that they will be performing some emissions testing within the next one to two weeks in order to compare the results with the original testing done a few months ago. As the gentleman emphasized in his correspondence, consistent, long-term results will be integral to his company’s serious consideration of this product as a licensing candidate.
The correspondence closed with a mention of the possibility of combining some aspects of the inventor’s design with another related concept that is similar but slightly different in functionality to see if a superior product can be forged from such a marriage. Most importantly, the company representative did mention that they would be interested in extending the ongoing developmental period for a few more months, in order to perform their thorough due diligence on the invention.
Accordingly, the Innovation Direct™ representative managing the situation will be contacting the inventor to discuss these latest developments and to obtain his consent on extending the exclusive developmental period for the invention. Stay tuned to the Innovation Direct™ Blog for all updates regarding this fluid situation!