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Bring your mission-critical programming in-house for less than the cost of outsourcing AND maintain control of your IP

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Moore’s law states integrated circuits double in both speed and number of circuits roughly every two years. As programmable devices become smaller, denser, and more complex, most machines that program those devices have become more expensive, and require experienced technicians to operate, maintain, and troubleshoot. The downside to outsourcing programming is legion: added cost, minimum orders, long lead time, and reprogramming or scrap when data files change. Another danger is protecting your intellectual property. Once your source code leaves the vault in your factory, it is vulnerable to theft. Due to current market conditions, companies are increasingly concerned about interruptions in the supply chain, especially for components sourced from Asia. Until recently, it wasn’t feasible for most Original Equipment Manufacturers (OEMs) with significant programmed device requirements to justify the cost of bringing programming in-house. Automated Programming Systems (APS) were expensive and complex to set-up, run, and maintain. That’s when BPM changed the game. A short history lesson BPM Microsystems started making EPROM programmers in the mid-80s. BPM’s Founder Bill White was a student at Rice University, working on his degree in Electrical Engineering. He needed a way to get his code on a read-only chip, and discovered there just wasn’t a good way to do it. So, he built his own programmer. While he was still living in the dorm, he started selling his programmer, the EP-1, by mail order, and BPM Microsystems was born. BPM has a history of simple-to-operate, reliable systems that deliver the industry’s best results. BPM launched its first automated programmer in the mid-90s: the BPM 4100 was the only universal fine-pitch automated pick-and-place programming system. Compared to today’s machines, it was slower and more difficult to set up (and operated in DOS). Compared to the single-purpose machines of that day, the 4100 revolutionized device programming by combining universal programming technology with universal fine-pitch handling capability. Holy Grail of Device Programming The “holy grail” of consistent automated programming results is the Z-axis teach. There are three axes on an automated handler: X, Y, and Z. X (horizontal) and Y (vertical) are easy; a downward camera with a bomb site allows for precise placement on the center of a device. The Z (up/down) is, by far, the most difficult and the most important. Both the pick and place locations, if off by less than the width of a human hair, can cause major problems. Manually-adjusted z-teach can go badly two ways: pick (or place) too high can cause misalignment of the device; place (or pick) too low, where the nozzle comes in contact with the device, can cause micro-cracks. Devices with micro-cracks usually pass the initial test (green light), but can oxidize the sensitive metal film causing devices to fail in the field. BPM is the first to solve the Z-axis conundrum with a patent-pending solution called WhisperTeach. It utilizes hardware and software to turn the device nozzle into a sensor. Without coming in contact with the device, the automated system detects the height of the device to within 15 microns (4 times finer than a human hair) and automatically completes the “teach” in less than 8 seconds. A trained technician, although not as accurate as WhisperTeach, can teach a single location in about a minute. On a single job set-up, the difference in time is dramatic: WhisperTeach set-up is usually around 5 minutes; manual teach can take up to 45 minutes to an hour. When you add the loss of productivity to the reduction in precision, things can quickly get dicey. Regardless of which programmer, pick-and-place systems are incredibly repeatable: if the teach is off by a little, the pick/place will be consistently off as well. WhisperTeach is available on all BPM automated systems, not just on its high-end systems. Bringing it Home Since about 2010, the strongest market segment for Automated Programmers has been Automotive suppliers. Automotive suppliers have an ever-increasing need for programming as cars become more complex and technology-driven. They also often require 3D inspection and laser marking to ensure consistent quality and to track inventory. Big projects, with millions of programmed devices, make device programming in-house a no-brainer. Smaller OEMs, while perhaps having many of the same needs as the Automotive guys, were constrained by limited resources. As their programming needs outgrew their ability to produce on manual systems, the only option was to outsource to the programming houses or ship their component manufacturing off-shore. Then came the perfect storm of 2019: a crippling trade war, followed by a growing pandemic. OEMs recognize the risk in outsourcing critical components, such as programmed devices, to off-shore suppliers. They are looking more closely at options that reduce their reliance on forces beyond their control in a way that reduces costs and speeds go-to-market. BPM has a history of innovation; they also have a reputation as the “luxury brand” in device programming– feature-rich, and pricy, especially when compared to low-cost Asian machines. That changed with the launch of the 3901, the lowest cost full-featured automated system with vision centering and true universal support. The 3901 starts at under $90,000 with a maximum configuration of 16 device sockets. Within 10 days of the 3901 launch in October of 2019, the first machine sold to a telecommunications OEM in the Northeast US. The second soon sold to a Midwest heavy equipment manufacturer. Both companies needed an affordable system that can supply their catalog of programmed devices to their lines. The 3901 quickly became the fastest-selling automated system in BPM’s 35-year history. Equipment manufacturers, especially those in North America and Europe/Middle East, finally have a lower-cost option for their device programming needs without sacrificing quality and capability. With the launch of the seven-site 3928 in November 2019, companies have access to automotive-level quality (available 3D inspection) with up to 28 sockets in a fully-loaded system that starts at just under $110,000. Hot buttons for OEMs Faster time to market– go from prototype to production in weeks, not months. Expand vertical manufacturing capability React to design changes quickly– tweaks in code can be updated to the workflow in just a few minutes Intellectual Property physically protected from theft Don’t have to shut down the line due to supply chain issues with programmed devices Device programming is easier than ever before; Installed and operational in less than one week Manual programmers can provide 10s of thousands of devices per year; when demand exceeds manual capacity, it’s easy to migrate to an automated system (same sockets, software, no need to redo first article, etc.) One high-speed universal platform can support millions of devices per year, at an incredibly low cost per device As demand increases, it’s easy to add additional sites for more capacity. If additional capacity is needed, add additional shifts without needing highly skilled technicians Lower cost solutions (3901, 3928) provide the greatest value in the industry. ROI in months, not years. Conclusion You can’t control world events– what you can do is provide your manufacturing team with an uninterrupted supply of high-quality, low cost programmed devices. To find out more about how BPM is changing device programming for OEMs, please call us at +1 (713) 263-3776, or Toll-Free in the US: (855) SELL BPM. Ask us about the industry's only self-installation for APS that's fast, easy, and free. Contact Details Scott Bronstad +1 832-816-6579 scott_bronstad@bpmmicro.com Company Website https://bpmmicro.com/

July 20, 2020 06:00 AM Eastern Daylight Time

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Baking Spirits Bright During Christmas in July Covid Style: Bringing Merriment and Real-Life Journey to Others with Diabetes

Drop the Puck

Viewers will fall in love with the No Sugar Baker, with her real-life story and energetic warm personality. Her story hasn’t been told but nationally over 34 million are diagnosed with Type 2 diabetes in our nation alone. What is different? In six months, she’s turned her life around. Last August, on her 44th birthday, Jayne Jones got super sick and landed herself in the emergency room with stunning vital signs. After numerous tests, the ER physician diagnosed her as a severe diabetic who was minutes away from having a stroke. This was an eye-shocking surprise for Jayne, a lawyer by trade and health policy wonk. The next hours were crucial---no one told her that she’d lose her sight! Jayne lost her vision/eyesight for 15 days. She went on prescribed medications, but never insulin. Her attitude was lifesaving. Jayne went to work and wore out her tennis shoes. She changed her diet and eliminated all sugar, fruit, flour and snacking. Fast forward to April, per the advice of her college daughter, Jayne started a whim of an idea during the COVID stay-at-home, a recipe blog featuring her daily story, struggle and journey. That journey: In less than five months, Jayne lost 60 pounds, was medicine free and her eyesight is now 20/20. All accomplished by pure lifestyle change. Since April, her blog has over 22,000 followers, over 30,000 views of her fun warming Saturday morning garage sale shopping show and every day, Jayne gets messages about how she has impacted others’ lives. Starting Friday July 17, for 12 days, The No Sugar Baker is during its first major announcement---Baking Spirits Bright A Celebration of Christmas In July---during such a difficult time. Besides tasty Christmas treats, the family is even sending out Christmas cards too. The recipes, No Sugar Baker’s Bacon Crusted Pizza, No Sugar Baker’s Blueberry Pie Ice Cream and No Sugar Baker’s Cinnamon Rolls. Jayne would love to talk with your audience, viewers and readers. She can cook live from their kitchen, tell her story in a fast-engaging way and their kitchen will be “decked” in holiday spirit. A winning story in a difficult time. No Sugar Baker Social Media Information: Website and Blog: www.nosugarbaker.com Facebook Followers: Over 20,000 since April 15, 2020; Over 30,000 views of Saturday morning 6 minute garage sale show and recipe debuts; https://www.facebook.com/No-Sugar-Baker-103366318019946/?epa=SEARCH_BOX Instagram Followers: Over 2,500 since June 10, 2020 Jaynejjones About the No Sugar Baker (Jayne Jones) Jayne Jones is the author of a series of six children's books, “Drop the Puck,” which tells the stories of young hockey players. https://www.officialadventures.org Jayne, born and raised in Minnesota, grew up on chewy tator-tot-hotdish and sugary pans of bars. After law school, Jayne worked in state and federal government public policy roles. Jayne has founded a government grant firm, a nonprofit chaperone travel service for individuals with intellectual disabilities and learning differences and authored six national and world award-winning books. Jayne loves braised current events, is bubbly strong willed, and her least favorite charred word is “no.” Jayne is a proud non-coffee drinking Lutheran, who drenches the church with her voice singing all hymns. A self-taught decadent cook, baker and party thrower, Jayne’s main love is entertaining and knocking everyone’s aprons off with her creativity, devotion to dollar saving tips and delightful savory tastes. Though far from “a-typical,” a typical weekend would find Jayne roaming enticing garage sales, trying a new gratifying recipe on her glorified taste testing team, and rooting for her friends in the National Hockey League. Jayne got deathly ill and sick in the fall of 2019. Her love of the kitchen, party throwing and zest for life got crumbled up in one bite. But, not out of sight. She had a sour after-taste but that bitterness won’t last long or become over baked. The timer was up for perishable days. After six months of blood, sweat and tears, Jayne rolled up her sleeves, put back on an apron and went to work as the No Sugar Baker. Jayne is married to Chris Beehler, (AKA The Hubs), and has a college-aged daughter Emily (AKA Em). Contact Details Andrew Blum +1 917-783-1680 ajbcomms@gmail.com Company Website https://nosugarbaker.com/

July 17, 2020 02:00 PM Eastern Daylight Time

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Samsung Biologics Expands Drug Product Manufacturing Facility in Incheon

Samsung Biologics

Samsung Biologics (207940.KS) announced a plan to expand its Drug Product (DP) capability in line with increasing market demand and to ensure flexible production capabilities for new and existing clients. Samsung Biologics has been providing aseptic filling and lyophilization services since 2013 and has built a strong track record with 25 product approvals from global regulatory bodies, including the FDA and EMA. In response to the forecasted increase in demand for aseptic filling, the company is making a strategic investment on its global capacity by building a flexible filling line and two additional lyophilizer units with 41.2 m2 chambers. The flexible filling line is expected to commence GMP operations in the second half of 2021, and the expanded lyophilization line will become operational in the first half of 2022. Through this expansion, Samsung Biologics will add small-scale cartridge and syringe filling to its DP product offerings, and increase the total lyophilization capacity by 246% of the current capacity. The company expects to demonstrate its ongoing commitment to reliability and quality-oriented services for its clients and strengthen existing partnerships in addition to procuring new orders. “We are committed to meeting every market demand from our clients, especially during this global climate,” said Dr. Tae Han Kim, CEO of Samsung Biologics. “Samsung Biologics continues to work rigorously to accommodate our clients with world-class services, and through this investment, we hope to offer more flexibility and demonstrate our extensive manufacturing capabilities with the largest production capacity in the industry.” About Samsung Biologics Co., Ltd. Samsung Biologics (KRX: 207940.KS) is a fully integrated CDMO offering state-of-the-art contract development, manufacturing, and laboratory testing services. With proven regulatory approvals, the largest capacity at a single site, and the fastest throughput, Samsung Biologics is an award-winning partner of choice and is uniquely able to support the development and manufacturing of biologics products at every stage of the process while meeting the evolving needs of biopharmaceutical companies worldwide. For more information, visit www.samsungbiologics.com . Contact Details Claire Kim +82 10-3754-0880 cair.kim@samsung.com Company Website https://samsungbiologics.com/

July 17, 2020 07:00 AM Eastern Daylight Time

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Cloud Conventions Delivers CE, CLE or CME Credits for Virtual Conferences or Events.

Convey Services

Cloud Conventions today announced support for educational certification so professional associations and organizations can deliver sessions at a virtual conference, trade show or event that meet the standards for Continuing Education (CE), Continuing Legal Education (CLE) or Continuing Medical Education (CME) credit. Cloud Conventions automates session management, allows the selection of any conferencing solution, produces the post-session speaker evaluation and can deliver a continuing education certificate to the dashboard of qualifying attendees. Cloud Conventions is a full featured virtual event SaaS solution from Convey Services . “Cloud Conventions has extensive experience with continuing professional education programs from decades in the conferencing and collaboration industry,” said Carolyn Bradfield , founder of Convey. “Cloud Conventions can host and deliver CLE, CME, or CE credits through online webinar sessions providing more reasons for professionals to attend a virtual conference and receive their educational credit. Continuing education sessions are posted inside the Cloud Conventions portal, automatically included to the agenda page and added to the attendee session calendar with email or text reminders to attend.” Doctors, nurses, lawyers, engineers, CPAs, financial advisers, real estate other professionals are required to prove participation in continuing education programs every year in order to maintain their certificates or licenses. Many of these professionals have obtained credits during live conferences, but now can receive them during a virtual conference or trade show on Cloud Conventions. “A Cloud Conventions portal manages everything needed to set up the session, provides access to attendees, delivers a post session speaker evaluation and uploads the certificate to the attendee dashboard,” added Bradfield. “If you have been using Zoom, GoToMeeting, GlobalMeet or other conferencing provider for continuing education, you can continue to use the solutions you are comfortable with inside a Cloud Conventions virtual event including adding polling, Q&A or breakout rooms.” About Cloud Conventions Cloud Conventions is a Virtual Trade Show and Conference Platform from Convey Services that brings new capabilities to a marketplace looking for solutions to replace the thousands of live trade shows, annual conferences and association meetings cancelled in the wake of COVID-19. Originally launched as ConveyLive, Cloud Conventions automates exhibitors and virtual booths, attendee registration, speaker sessions and reminders, invitations and email communication, while at the same time producing detailed analytics on attendee, session and exhibitor activity. Trade Associations and event managers can explore all of the Cloud Conventions solutions by visiting https://cloudconventions.com or contacting info@cloudconventions.com or call 888-975-1382. Contact Details Bruce Ahern +1 770-580-0810 bahern@conveyservices.com Company Website https://cloudconventions.com

July 16, 2020 03:15 PM Eastern Daylight Time

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Cloud Conventions Unveils Connected Event Networks for Virtual Conferences & Trade Shows

Convey Services

Cloud Conventions today unveiled new event management technology that connects multiple virtual conferences or trade shows from a centralized hub allowing events with unique identities to share a common set of exhibitors, sessions or content. This Industry-first solution allows trade associations, companies and large event operators to produce several related events from a single administrative portal that maintains and updates content or session catalogs and exhibitor booths and selectively updates portals in the network. Cloud Conventions is a full featured virtual event SaaS technology from Convey Services . “Convey’s proprietary Hub & Spoke technology has powered industry networks in telecommunications and insurance for years, connecting multiple suppliers and vendors with an indirect salesforce,” said Carolyn Bradfield , founder of Convey. “Using Hub & Spoke, multiple virtual event portals can receive content and marketing assets from a centralized hub site. The event operator can deliver more value to exhibitors and sponsors and it makes it easier for exhibitors to manage their booths when they participate in more than one event. It is designed for groups planning multiple virtual events or having regional events, pop-up shows, or conferences throughout the year.” An event hub site is set up to allow exhibitors to access, setup and manage their virtual booths, changing out content and sessions easily for each networked show. The reporting engine consolidates activity reports from all the event portals for one consolidated view. “Hub & Spoke event networks create efficiency and reduce the cost of putting on monthly, quarterly or regional events,” added Bradfield. “This will be a huge help to associations that hold conferences that share the same sponsors or exhibitors. A small staff can use Hub & Spoke to manage a dozen events and maximize ROI for exhibitors and sponsors.” Cloud Conventions portals come complete with templates to set up the homepage, deliver email messaging, create attendee dashboards, set up virtual booths, customize CRM systems and databases to track attendees and exhibitors and access a full set of analytics and reporting. About Cloud Conventions Cloud Conventions is a Virtual Trade Show and Conference Platform from Convey Services that brings new capabilities to a marketplace looking for solutions to replace the thousands of live trade shows, annual conferences and association meetings cancelled in the wake of COVID-19. Originally launched as ConveyLive, Cloud Conventions automates exhibitors and virtual booths, attendee registration, speaker sessions and reminders, invitations and email communication, while at the same time producing detailed analytics on attendee, session and exhibitor activity.  Trade Associations and event managers can explore all of the Cloud Conventions solutions by visiting  cloudconventions.com  or contacting info@cloudconventions.com or call 888-975-1382.  Contact Details Bruce Ahern +1 770-580-0810 bahern@conveyservices.com Company Website https://cloudconventions.com

July 15, 2020 02:55 PM Eastern Daylight Time

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Samsung Biologics signs multi-product development and manufacturing agreement with ImmuneOncia

Samsung Biologics

Samsung Biologics (207940.KS) and ImmuneOncia Therapeutics held a signing ceremony today for a contract to develop and manufacture five candidate molecules, expanding upon the two companies’ existing CDO partnership first established in 2018. “As we already have a track record of successful collaboration between the two companies, I look forward to seeing what this strategic partnership can achieve in delivering our new products to market faster,” said Yun Jeong Song, CEO of ImmuneOncia. The speedy growth of Samsung Biologics’ CDO business has been attributed to additional business collaborations with returning clients - the company has contracted a total of 55 CDO projects, 29 of which were signed with returning clients. Under this extended deal with ImmuneOncia, Samsung Biologics will provide a full scope of CDO services from cell line development, process development, non-clinical and clinical material manufacturing, to IND submission support for global clinical trials of five candidates from ImmuneOncia’s pipelines. ImmuneOncia’s portfolio comprises diverse immune checkpoint antibodies including IMC-002, a CD47-targeting antibody that is currently undergoing a global phase 1 study based on the successful IND-filing approval obtained through the development and manufacturing partnership with Samsung Biologics. “Our CDO mission is to enable biotech companies to focus on discovery by providing faster and better development and manufacturing services,” said Dr. Tae Han Kim, CEO of Samsung Biologics. “We are extremely proud to expand our partnership with ImmuneOncia and assist in their endeavor to bring new treatments such as IMC-002 for cancer patients.” About Samsung Biologics Co., Ltd. Samsung Biologics (KRX: 207940.KS) is a fully integrated CDMO offering state-of-the-art contract development, manufacturing, and laboratory testing services. With a flawless regulatory approvals record, the largest capacity at a single site, and the fastest throughput, Samsung Biologics is an award-winning partner of choice and is uniquely able to support the development and manufacturing of biologics products at every stage of the process while meeting the evolving needs of biopharmaceutical companies worldwide. For more information, visit www.samsungbiologics.com . About ImmuneOncia Therapeutics Inc. ImmuneOncia is a clinical stage immuno-oncology-centric biopharmaceutical company. Established in 2016 as a joint venture company between Yuhan and Sorrento therapeutics, Inc., ImmuneOncia will leverage both companies’ expertise in drug development and antibody engineering. Our mission is to bring safe, effective, and novel immunotherapies to oncology patients world-wide. ImmuneOncia’s portfolio includes diverse immune checkpoint antibodies. For more information, visit www.immuneoncia.com . Contact Details Claire Kim +1 214-991-6980 cair.kim@samsung.com Company Website https://samsungbiologics.com/

July 15, 2020 12:30 AM Eastern Daylight Time

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Cloud Conventions Launches 365 Program for Virtual Conferences, Trade Shows and Events

Convey Services

Cloud Conventions today announced Cloud Conventions 365 a new service for virtual conferences, trade shows and events that allows show and event sponsors access to an event portal year-round to manage virtual or hybrid events. Trade show operators, companies and associations that use a Cloud Conventions platform can now keep their portal live and accessible using Cloud Conventions 365 for up to one year. Cloud Conventions is a full featured virtual event SaaS technology solution from Convey Services . “A virtual event is no longer limited by the 2-3 days a physical trade show normally operates; it can be open and evolving all year with Cloud Conventions 365,” said Carolyn Bradfield , founder of Convey. “Once traditional trade shows moved to a virtual format as a result of cancellations in 2020, they realized the benefits from keeping their audience engaged and connected longer. When the pandemic is behind us, we expect all shows will incorporate a virtual solution to accompany a live conference, tradeshow or event in 2021 and beyond. Despite initial pushback, people have realized that virtual events expand their attendee audience, rather than reduce it, give exhibitors a stronger ROI from increased and extended online market presence and offer reduced cost from delivering a virtual event experience.” Once a live Cloud Conventions virtual event has closed, the portal can retain its structure and easily be repurposed for subsequent events throughout the year. Cloud Conventions is designed for the non-technical user and does not require special coding or development to manage it. Virtual booth can remain or be refreshed for the next event or can accommodate new exhibitors, sponsors or speaker sessions. Attendees from prior events can remain in the database as ‘pre-registered’ for new pop-up events or the registration process can begin over. “The Cloud Conventions 365 option is incredibly cost efficient and saves time for the trade show operator that wants to stage virtual or hybrid events all year,” added Bradfield. “The portal can be available for a period of time after their first Cloud Conventions event or the organization can simply enter into a six or twelve month subscription agreement for the use of the technology.” About Cloud Conventions Cloud Conventions is a Virtual Trade Show and Conference Platform from Convey Services that brings new capabilities to a marketplace looking for solutions to replace the thousands of live trade shows, annual conferences and association meetings cancelled in the wake of COVID-19. Originally launched as ConveyLive, Cloud Conventions automates exhibitors and virtual booths, attendee registration, speaker sessions and reminders, invitations and email communication, while at the same time producing detailed analytics on attendee, session and exhibitor activity.  Trade Associations and event managers can explore all of the Cloud Conventions solutions by visiting https://cloudconventions.com or contacting info@cloudconventions.com or call 888-975-1382. Contact Details Bruce Ahern +1 770-580-0810 bahern@conveyservices.com Company Website https://cloudconventions.com

July 14, 2020 03:12 PM Eastern Daylight Time

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Minuteman Press Franchise Free COVID-19 Resource Bounce Back USA Gains National and Local Media Attention Supporting Thousands of Local Businesses in Their Communities

Minuteman Press International

Since the launch of Bounce Back USA in April 2020, Minuteman Press International has seen an overwhelming response from businesses and communities. To date, over 12,000 businesses have joined the movement in their communities by submitting free local listings at https://BounceBackUSA.com and Bounce Back websites in Canada , the United Kingdom , Australia , and South Africa . The free Bounce Back USA initiative was created by Minuteman Press to give back to communities during COVID-19 and support local businesses. Businesses submit their logo and text, and their ad is posted for free on BounceBackUSA.com. They also receive a free COVID-19 safety and awareness poster. What is Bounce Back USA? --Bounce Back USA ( https://BounceBackUSA.com ) is a free initiative that provides free business listings & COVID-19 awareness and prevention posters to support local business . --Bounce Back USA was created my Minuteman Press International, the #1 rated marketing and printing franchise by Entrepreneur, to give back to local businesses and help provide a free boost to bounce back from the COVID-19 pandemic. --Bounce Back USA has been featured by FORBES , Entrepreneur Magazine (July 2020 issue), the International Franchise Association , Modern Restaurant Management , and many local publications in communities across America. --There are already over 12,000 participating businesses and the free Bounce Back initiative is now available in 5 countries: Bounce Back USA , Bounce Back Canada , Bounce Back UK , Bounce Back Australia , and Bounce Back South Africa . Why Support Local Businesses? “Supporting local business is more important than ever before, and what we are doing with Bounce Back USA is creating a movement that community members can rally around because people are looking for every reason to shop local,” says Nick Titus, President, Minuteman Press International. People are looking to support local businesses. This is backed by a recent Groupon infographic , which cited the following statistics: --67% of people are more hopeful now than when the pandemic began and 75% plan to support small businesses as much as possible once restrictions on non-essential businesses are lifted in their areas. --The average consumer plans to spend nearly $100 per week at local businesses post-COVID-19, up 16% vs. before the pandemic — in the hopes of boosting their local economy. --86% have supported a locally owned business during quarantine. Join the Movement for Free Join the movement to support local business for free today! Visit BounceBackUSA.com to submit your free listing and receive your free COVID-19 awareness and prevention poster. Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com . Contact Details Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

July 14, 2020 02:08 PM Eastern Daylight Time

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COVID: Patents Being Abandoned At Triple The Normal Rate According to BlueIron Study

BlueIron, LLC

An updated analysis by BlueIron shows that the COVID crisis has dramatically affected business's IP strategy. This lack of confidence in the future has never been seen before and has severe implications. "Patents represent a company's confidence in the future and their ability to innovate. Companies get patents because they believe in their innovations and that they will be successful in the market," says Russ Krajec , CEO of BlueIron, which finances patent portfolios for innovative companies. "COVID has been shaken this confidence in ways we have never seen before." The abandonment rate has shot up since COVID started, especially for Small Entities, which are companies of less than 500 people. As reported in March , the abandonment rate nearly doubled, but in July, the trend has continued with abandonments nearly tripling. For Small Entities, the abandonment rate has gone from 11.7% to 31%. For Large Entities, the abandonment rate has doubled from about 6.5% to 13%. Abandonments are pending patent applications where the applicant has decided to quit prosecution. These data are from when the USPTO examiner has issued a rejection and the applicant has refused to respond, letting the patent go abandoned rather than invest more money in it. The average number of rejections for US patents is about 4.2 per patent. "Patents are 20 year assets and are typically are not affected by short term market swings. A similar study during the 2008 recession showed patent abandonment rate being very steady," says Krajec . "However, the COVID crisis has changed things in ways we have never seen before." "Certainly, companies are taking a very hard look at expenses and IP costs are one way to conserve cash during lean times. But cutting off the future value of your company by abandoning patents shows a completely different type of thinking than we have seen before." About BlueIron: BlueIron provides IP-related financing for companies from startups to publicly traded companies. BlueIron finances the cost of getting a patent and building patent portfolios, provides insurance for enforcement and defense of those patents, and can provide $2-5M loans using patents as collateral. You can read the BlueIron blog here. About Russ Krajec: Russ Krajec is a registered patent attorney who has been practicing for over 20 years, as well as a podcaster, blogger, and author. His book “Investing In Patents” describes the business criteria used to identify good inventions and good patents. Krajec is the host of the Patent Myths podcast, which looks at IP from a business standpoint. Contact Details Russ Krajec +1 970-776-4355 russ.krajec@blueironip.com Company Website https://blueironip.com

July 13, 2020 01:00 PM Mountain Daylight Time

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