Update: Innovation Direct™ set for pivotal conference call next week with potential licensee of bedding product…
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 July 14th entry (“Update: Innovation Direct™ conducts successful conference call with Florida-based manufacturer and inventor…“). We are pleased to report that a conference call between Innovation Direct™, the inventor of a bedding product from our roster, and a Florida-based manufacturer that has long expressed interest in the idea will take place on a yet-to-be determined day next week regarding a possible long-term licensing agreement.
As we’d explained in the aforementioned posting, the company had provided both the inventor and Innovation Direct™ with an extensive update at that point regarding their ongoing efforts to research the potential of the invention and various aspects surrounding it, such as production costs. In a telephone follow-up that was conducted today by the Innovation Direct™ representative that has been managing this situation since the onset, the company principal explained that he had another important update to provide next week and also wanted to begin discussing the royalty rates that would be a part of a long-term licensing agreement he would presumably be willing to sign for the invention.
Naturally, we are very enthused by this development and look forward to next week’s conversation. As soon as the call is conducted we will bring you all the details on the outcome, here on the Innovation Direct™ Blog. Check back with us!