Update: Innovation Direct™ seeks update from New Hampshire-based manufacturer on tool invention that was subject of exclusive developmental licensing agreement…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with an update on a situation we had last reported on in a September 3rd entry (“Update: Innovation Direct™ sends new prototype photos of tool invention to New Hampshire-based manufacturer…“), Innovation Direct™ has sent an e-mail communication to the president of the company that was the subject of that posting requesting an update on their advanced level of interest in a tool invention from our roster.
As we’d explained in the aforementioned entry, the potential licensee of the invention, which had signed a short-term exclusive developmental licensing agreement for it at one point, had informed Innovation Direct™ in their latest e-mail that they were waiting on additional funds from investors in order to attempt to develop several tool-related items, including the one represented by our company. With over 2 months having passed since that last contact, the Innovation Direct™ representative managing the situation since the onset had felt it prudent to attempt to obtain an update at this point in time.
We will certainly bring you the details of any reply we receive from this manufacturer here on the Innovation Direct™ Blog. Check back with us frequently!