Innovation Direct™ Inventor Takes Initial Step Towards Patent Protection with Cord Lock Invention

Miami, FL, December 14, 2012 --(PR.com)-- Innovation Direct™, a leader in the invention assistance field since 1997, recently facilitated the process of the filing of a provisional application for a patent for Minnesota resident and inventor Josiah Parker on his Cord Lock invention upon his request. The Cord Lock is an innovative new product designed to provide a solution to a common problem related to extension cords and electrical tools. The invention's unique design insures that extension cords remain connected to the devices they are supposed to help power.

Mr. Parker initially submitted information about the Cord Lock to Innovation Direct™ in June 2012 on the company’s Confidential Product Outline. Innovation Direct™ screened the invention to insure that it did not fall into a restricted category, and one of the company’s New Project Directors discussed the product further with the inventor. Shortly thereafter, a Product Management Services Agreement proposal that is intended to provide the Cord Lock with the optimal level of exposure to potential licensees through a variety of promotional and descriptive materials, including press releases, a digital rendition, an online product profile, an interactive virtual reality presentation, and participation in multiple and diverse industry-leading trade shows each year, was presented to Mr. Parker. Exhibits that Innovation Direct™ has attended in recent years include the SHOT Show, the International Home and Housewares Show, the National Hardware Show, Licensing International, the SEMA and AAPEX Shows and the ERA D2C Convention.

Later in June 2012, Mr. Parker opted to contract Innovation Direct™ to represent the Cord Lock to potential licensees for a 2 year period under the terms of the Product Management Services Agreement. The terms of the agreement also included Innovation Direct™ referring Mr. Parker to an independent patent law firm for the filing of a provisional application for a patent on the Cord Lock. The application was officially filed on October 8, 2012 and is valid for the term of one year. Prior to its expiration, Mr. Parker will have to decide whether or not to opt to have the independent patent law firm convert the application to a non-provisional version.

Through its diverse range of promotional and descriptive materials that help provide the products on its roster with valuable exposure, as well as its ability to refer its inventor clients to quality independent patent law firms for the securing of legal protection on their products, Innovation Direct™ provides the independent inventor with the most comprehensive and effective collection of invention assistance services currently available in the industry.

About Innovation Direct™: Innovation Direct™ has been a leader in the field of new product licensing and intellectual property transfer for more than 15 years. The company creates and utilizes a variety of promotional materials and its attendance at industry leading trade shows to gain valuable exposure for the inventions that it represents.