Update: Innovation Direct™ requests update on possible signing of exclusive developmental licensing agreement from Innovation Direct To Industry™ plumbing products company; search for next Innovation Direct To Industry™ package also initiated…

Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, back one final time with a report regarding a momentous Friday. Earlier in the day, the Innovation Direct™ representative managing the Innovation Direct To Industry™ account of a Texas-based plumbing products company sent a follow-up e-mail to his contact regarding the possible signing of an exclusive developmental licensing agreement for a plumbing accessory they have displayed an advanced level of interest in. We most recently reported on this situation in a February 17th entry (“Update: International Technology Transfer faciliates conference call with inventor of plumbing accessory and licensee; prototype to be shipped to manufacturer…“).

As we’d explained in that posting, during a conference call earlier that day, the company’s Director of Strategic Initiatives had indicated that there would be a good probability of his firm’s legal department approving the signing of an exclusive developmental licensing agreement for the invention. With 3 days having passed since that conversation, we decided the time would be right to request an update on whether or not the document would be executed.

Also on Friday, our aforementioned colleague initiated a search through the Innovation Direct™ database for a new Innovation Direct To Industry™ package to be sent to this company. A total of 5 inventions have already been identified as candidates to be included, and there is a possibility more will be added on Monday before everything is sent off.

Join us here on the Innovation Direct™ Blog for all updates to this evolving business relationship!

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