Update: Innovation Direct™ receives update from New Hampshire-based manufacturer regarding tool accessory…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with an update on a tool accessory from the Innovation Direct™ roster that we’d most recently reported on in a May 30th entry (“Update: Innovation Direct™ receives response from New Hampshire-based Innovation Direct To Industry™ company regarding infringement analysis results on tool invention…“). In that posting, we explained that a tool accessory that was already the subject of an exclusive developmental agreement with a New Hampshire-based manufacturer had received a favorable patent infringement analysis, and that the company had been pleased with the results. We had also mentioned in that entry that the company president had mentioned that they were presently working on multiple projects but would be concentrating on the Innovation Direct™ inventor product idea soon.
Late Monday, the Innovation Direct™ representative managing the situation received another e-mail update from the manufacturer. The correspondence indicated that the company has received so many tool-related inventions from various sources that they are interested in developing that they have had to go back to request additional funding from a financial partner. The gentleman emphasized that he would start developing the tool accessory from the Innovation Direct™ roster as soon as possible after receiving the funds.
Naturally, we will continue to report on any developments with this situation as they transpire, here on the Innovation Direct™ Blog. Stay with us!