Update: Innovation Direct™ receives update from Florida-based manufacturer regarding bedding accessory…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, back one final time on a Monday with an update on a situation we most recently reported on in a May 19th entry (“Update: Innovation Direct™ reaches out to potential licensee regarding bedding accessory under review…“). Earlier Monday, Innovation Direct™ received an e-mail update from the principal of a Florida-based company that had signed an exclusive developmental agreement for an Innovation Direct™ inventor’s bedding accessory last fall, and who has been working with the item ever since.
According to the communication received, the manufacturer has made progress with setting up potential manufacturing in China for the invention were he to license it, and has also received feedback from some of his sales force regarding preliminary market testing they’d done over the last few weeks with several distributors. Additionally, our contact explained he would be receiving feedback in the near future from some of his contacts at luxury hotel chains that he’d also surveyed. This research is all part of what he had agreed to do during a conference call that had taken place back in April.
As per today’s e-mail, the manufacturer will be sending both the inventor and Innovation Direct™ a written progress report in the coming days, and will arrange for another conference call when he has the final results of the market research. Needless to say, as soon as these developments transpire we will bring you full details, here on the Innovation Direct™ Blog. Stay tuned!