Update: Innovation Direct™ receives confirmation from industry partner of continuing advanced level of interest in pool accessory; potential licensee completing due diligence…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, chiming in with an update on a situation we had most recently reported about in a February 11th posting (“Update: Innovation Direct™ inventor’s pool game accessory subject of advanced level of interest through industry partner…“). Earlier Wednesday, the Innovation Direct™ representative managing the Innovation Direct To Industry™ account of our West Coast-based industry partner received an e-mail from him that included a forward of the latest expression of interest he received in a pool accessory from our roster from a Canada-based manufacturer that has been evaluating it.
As per the correspondence forwarded, the company emphasized that they continued to have a very strong interest in the invention and that they had received very positive feedback from other colleagues as well as from their sales representatives. The company also explained that they would be evaluating manufacturing costs and that as long as those were reasonable, they would likely proceed with licensing the invention.
We are obviously pleased by this latest development and certainly hope that this situation will culminate in licensing success, but only time will tell. Join us here often on the Innovation Direct™ Blog for the latest!