Update: Invent-Tech contacted by Las Vegas-based Innovation Direct™ company for further discussion of 3 inventions reviewed…

May 25th, 2007

Good afternoon, Juan C. Blanco, Invent-Tech’s Director of Product Licensing, chiming in once again with more news on a very fast-paced Friday. The endless flow of Innovation Direct™-related news continues , as we have received communication from our contact at the Las Vegas-based company that is part of the program and that we most recently reported on in a May 21st entry (”Update: Invent-Tech approves confidentiality agreement from Las Vegas-based Innovation Direct™ company; detailed design information to be sent to them tomorrow…“).

As we’d mentioned in that posting, the manufacturer had expressed further interest in 3 out of the initial 25 Invent-Tech inventor product ideas they were sent information on in their first Innovation Direct™ package. Accordingly, we had come to confidentiality terms with them and had sent them detailed design information on the 3 items earlier this week. The company has now reviewed the invention websites for all 3 items, and our contact left me a voice mail late yesterday requesting a telephone conference to discuss them further.

I have replied with a phone message and e-mail of my own today, but so far the contact and I have not been able to speak directly. However, at the present time we are certainly drawing the conclusion that there may be questions about the functionality of the products that the company has for the inventors, and that they have an overall further interest in some or all of the product ideas. As soon as we are able to confirm the details of this matter further, we will bring you an update here on the Invent-Tech Network.

As we’ve stated before, one of the most appealing and redeeming characteristics of Innovation Direct™ is the prompt turaround time that we are able to achieve with regards to obtaining simultaneous feedback and in some cases, closure, on a substantial group of product ideas from the Invent-Tech roster from the companies that are part of the program.  This has certainly been corroborated by several of the scenarios we have reported on just this week alone here on the Invent-Tech Network.

We’ll bring you the latest news regarding any and all situations as it transpires, so check back often!

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