Update: Innovation Direct™ receives follow-up report from industry partner regarding potential licensing agreement for pool accessory…

Greetings once again, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, back in with an update on a situation we’d last reported about in a May 1st posting (http://innovationdirectonline.com/blog/?p=824). Earlier Friday, the Innovation Direct™ representative managing the Innovation Direct To Industry™ account of West Coast-based industry partner received a follow-up e-mail from him regarding the potential licensing agreement for a pool accessory that has been in the works for quite some time.

As per the communication received earlier Friday, the Canadian company potentially interested in the product idea just received the files displaying the latest redesigns from their factory in China, but the version they are interested in is still at too high of a manufacturing cost. Therefore, the matter remains in limbo, as the price point they have envisioned for the product must be reached before the company commits to licensing it.

We will continue to provide you with the latest in this ongoing situation, here on the Innovation Direct™ Blog. Join us frequently!