By: Garrett L. Kellogg

Garrett L. Kellogg — Tue, 24 Jul 2012 17:45:34 +0000

Over the past decade, I have developed numerous intellectual properties which, I believed were protected by patent, property, and international law. All of my intellectual property has been duplicated in China where duplicated aerospace components have been developed and now are being sold to Boeing, AirBus, and numerous others. Some of the environment we are facing is due to competition, however, much has to do with our political system that has allowed by treaty,a free exchange of technology with China.

We all used to be comfortable knowing the patent system would protect our IP as well as international law, now we see a peril in keeping our R and D developments secure. The world we operate in does not guarantee protections-especailly when technology/electronics are produced in other parts of the world.
Dave has hit it the nail on the head, CEO’s have to keep looking to develop and upgrade thier products. This is not just a passing comment, it is a vital practice. We must manage and operate in a world of change.
I was slow to understand how IP protections are not effective, I lost a lot of licensing money over the past two years due to the conversion of my designs by foreign companies. The sad part is that US companies,tier 1 aerospace companies, back many of these foreign companies that convert property. The only remedy is to file suit and as we have seen in the press, the Samsung v Apple litigation has not restored patent rights or right to loyalties to Apple. The only answer is to keep your IP close and continue to innovate. Dave is absolutely right about this.

Garrett L. Kellogg
Principal
Orion Pacific Capital Group, LLC
Denver, Colorado

Comments on: Plan for your R&D Tax.

By: Garrett L. Kellogg