Update: Innovation Direct™ speaks with industry partner about exclusive developmental licensing agreements for 2 consumer electronics inventions; signing of documents appears imminent…

Good afternoon, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with a quick update on a situation we’d just reported about yesterday (http://innovationdirectonline.com/blog/?p=1269). Earlier Wednesday, the Innovation Direct™ representative managing the Innovation Direct To Industry™ account of our West Coast-based industry partner communicated with him about the possibility of having exclusive developmental licensing agreements signed on the two consumer electronics inventions he’d taken an advanced level of interest in from his latest package.

As per today’s dialogue, our industry partner will be passing along exclusive developmental licensing agreements on the two items to the company that share a high interest level in the concepts, New Jersey-based Outrageous International Ltd. The company principal is currently on business in Hong Kong but will likely executed the agreements as soon as he returns to his offices.

We will continue to keep you abreast of all developments with this situation, here on the Innovation Direct™ Blog. Check in with us often!

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