Update: Innovation Direct™ receives feedback from Israeli company regarding detailed design information reviewed for industrial accessory…

Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking back in with an update on a situation we’d last reported on in an April 10th posting (“Update: Innovation Direct™ attempts follow-up with Israeli manufacturer regarding detailed design information sent on industrial accessory…“). Earlier Thursday, the Innovation Direct™ representative that has been managing the advanced level of interest shown by an Israeli product development company in an industrial accessory from our roster received an e-mail from his contact at the firm regarding their impressions of the concept.

As per the communication received today, the company has opted not to go any further with the pursuit of the product idea. An exclusive developmental licensing agreement opportunity had been offered to the company, and the inventor had a prototype that he could have sent to them for first-hand review, but the manufacturer deemed that it was not an item worth pursuing for them after evaluating the detailed design information contained within the invention website.

Naturally, we will continue to pursue our licensing efforts on behalf of this product idea and will bring you all future updates here on the Innovation Direct™ Blog. Join us often!