Update: Innovation Direct™ conducts telephone meeting with Texas-based Innovation Direct To Industry™ plumbing products manufacturer; one invention remains subject of advanced level of interest, exclusive developmental agreement a possibility…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with an update on a situation we had just reported on in a February 9th posting (“Update: International Technology Transfer to conduct telephone meeting this week with Texas-based Innovation Direct To Industry™ plumbing products manufacturer regarding 3 inventions…“). Earlier Wednesday, the Innovation Direct™ representative managing the Innovation Direct To Industry™ account of the company that was the subject of that entry conducted a telephone meeting as expected with the firm’s Director of Strategic Initiatives regarding 3 inventions from their initial package that they’d been reviewing in detail.
As per the telephone call, the company has eliminated two of the three product ideas from further consideration, but still retain an advanced level of interest in one of them. The manufacturer contact discussed the questions that his marketing team had come up with regarding the functionality of the concept, and both parties agreed that a call with the inventor would be the next logical step. Additionally, the company expressed a definite interest in reviewing the inventor’s prototype first-hand, and will likely sign an exclusive developmental licensing agreement in order to be able to do so.
We are enthused by the outcome of today’s call and will certainly keep you abreast of any developments, here on the Innovation Direct™ Blog. Stay with us!