- Location
- Flushing NY 11355
Owning a patent does not mean it has to be high priced. A tablet has hundreds, if not thousands, of patents attached to it selling for sub two hundred dollars while a controller, easily selling for $500, can be built with less than $50(at retail) of hardware and owning no or 1 patent. This is over priced to me because some of us can build that. Of course, there are many who cannot as well. Utility patents are required by law to be licensed if some one asked. But in practice, most small companies will charge outrageous price for "trivial" patent because other small companies would not challenge them in courts for licensing UT patents at unlawful rate. Look at the case of Orbitech vs Solaris. Solaris could have asked the court to settle a lawful UT patent rate if they have the finance to continue the fight.
Patent of attaching a device using magnet on the tank is not new. There were another patent before Vortech got his that I know of. I was thinking to build a mechanical cleaning snail and found someone already patent magnetic mounted cleaner device using similar technology and even the magnetic transfer of energy over to the other side of the device. But this is such a small market, who is going to challenge this patent of wet side and dry side pump? May be until the magnetic cleaning device guy happen to see a Vortech in action. They can charge whatever they want as long as the market can sustain it. I think many people are willing to pay for the sleekness it provides, not the patent it owns. LOL
Most big companies license their UT patents all the time except couple companies who have rely on look and feel trade suits, they tend not licensing UT patents until some one challenge them in courts. This is how most corporate operate along with patent laws currently. For example, one such case is evident in a rectangular box with rounded corner winning in US court for billions dollars in judgement claiming the defendant copies the same formula to build that rounded corner. While the defendant was not awarded much compensation of the UT patents that the plaintiff stole from the defendant in the same US court system. But interestingly, reverse judgements were common in other countries like England, Australia, Japan, Korea and more. In contrast, the penalties are only in millions and an public apology notice by the violator(England verdict) in the website instead of billions of USD. Looks and feel has a high value in US market because we can sustain it. Look at how much we pay for fashion. Do you really think some fabric worth 1/4 million dollars for the actress to wear in the Grammy make any sense? But all the cel. want to tell you how much her skimpy evening clown(Oops, glown) worth more than your coat that has 4 times the fabrics. So to appeal the more willing to spend, the more willing to brag, and the more willing to worship, sometimes we have to jack the price higher to maintain the business model. LOL
To me, over price gadget means, products that should not be selling at such a high margin over the cost. Therefore, the cleaner magnet may also be a candidate in this case.
Patent of attaching a device using magnet on the tank is not new. There were another patent before Vortech got his that I know of. I was thinking to build a mechanical cleaning snail and found someone already patent magnetic mounted cleaner device using similar technology and even the magnetic transfer of energy over to the other side of the device. But this is such a small market, who is going to challenge this patent of wet side and dry side pump? May be until the magnetic cleaning device guy happen to see a Vortech in action. They can charge whatever they want as long as the market can sustain it. I think many people are willing to pay for the sleekness it provides, not the patent it owns. LOL
Most big companies license their UT patents all the time except couple companies who have rely on look and feel trade suits, they tend not licensing UT patents until some one challenge them in courts. This is how most corporate operate along with patent laws currently. For example, one such case is evident in a rectangular box with rounded corner winning in US court for billions dollars in judgement claiming the defendant copies the same formula to build that rounded corner. While the defendant was not awarded much compensation of the UT patents that the plaintiff stole from the defendant in the same US court system. But interestingly, reverse judgements were common in other countries like England, Australia, Japan, Korea and more. In contrast, the penalties are only in millions and an public apology notice by the violator(England verdict) in the website instead of billions of USD. Looks and feel has a high value in US market because we can sustain it. Look at how much we pay for fashion. Do you really think some fabric worth 1/4 million dollars for the actress to wear in the Grammy make any sense? But all the cel. want to tell you how much her skimpy evening clown(Oops, glown) worth more than your coat that has 4 times the fabrics. So to appeal the more willing to spend, the more willing to brag, and the more willing to worship, sometimes we have to jack the price higher to maintain the business model. LOL
To me, over price gadget means, products that should not be selling at such a high margin over the cost. Therefore, the cleaner magnet may also be a candidate in this case.
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