Invent-Tech secures written advanced level of interest in aquarium accessory; two new companies interested in forging relationship with Invent-Tech…

January 26th, 2007

Good evening, Juan C. Blanco, Invent-Tech’s Director of Product Licensing, checking in with a Friday evening update to cap off a very busy and productive week. Today, we took another positive step in our conversations with a company that has been displaying interest in an aquarium accessory from the Invent-Tech roster, and also spoke with two companies that have expressed an interest in joining our Innovation Direct™ program as a result of positive impressions they’ve formed of Invent-Tech!

The aquarium accessory is the same invention we recently reported on in a January 22nd entry (”Invent-Tech discussing licensing for aquarium accessory; specialized apparel product to be the subject of possible conference call tomorrow…“). As we’d reported in that posting, the company and the representative of the Manufacturer Response Team handling the situation had been discussing licensing and possible terrritories that the manufacturer felt they would be able to potentially sell the product in. While the company is not yet able to enter into a long-term licensing commitment, they have put their intent to explore the market potential of the product on a regional basis in writing, and have requested exclusivity in doing so. The inventor is in agreement with this arrangement, as they feel there may be potential success down the line with this company. This will be an evolving situation for some time, and we will bring you the latest as it happens here on the Invent-Tech Network.

Regarding the two companies that contacted us about working with us on an ongoing basis, we are particularly proud of how each company became aware of Invent-Tech: One had met us at the National Hardware Show 2006 and had held on to our business cards since that event; the other had recently received a package of detailed design information on one of the inventions in our product roster and was so impressed with our materials and overall product presentation, they felt compelled to contact us about working with us further. We spoke with both companies about our overall confidentiality policies, as well as our licensing goals. Both were also briefed on our dynamic new product subscription service, Innovation Direct™, and have expressed an interest in becoming a part of the program. We look forward to what will hopefully be long-term mutually beneficial relationships with these two entities.

This is yet another tangible example of both Invent-Tech’s trade show presence and inventor assistance methodologies casting a positive and impactful impression on our all-important “target audience”—manufacturers with the need for new product ideas and the capabilities and resources to develop and market them effectively!

Thank you for being part of the Invent-Tech Network this week. Join us Monday as we embark on another successful mission to serve our inventors!

Entry Filed under: Licensing News, Trade Show Buzz, The Invention Hub, Invent-Tech News