Investors often ignore the patent activity of the companies within their portfolios as well as those companies that represent prospective investments. Who can blame them? The legalese and technological terms within these patent documents are often too complex, and only to be understood by patent attorneys and those with advanced technical degrees. When a company achieves patent protection that is aligned with its commercialization goals, wherein the company is also increasing its patent filings at the same time, it typically represents a very healthy indication for potential future growth.
Profile Technologies, Inc (PRTK.OB) appears to be one of these companies that will be able to take advantage of its patent assets for achieving future growth. Since 1996, Profile Technologies has already been issued eight United States Patents with at least two patent applications currently in the United States Patent and Trademark Office pipeline. At the same time, the company has made prudent patent decisions in acquiring protection overseas in various countries across the globe including Canada, Germany, and Australia.
By obtaining this protection, Profile Technologies will have the exclusive right to make, use, and sell their claimed technologies which are depicted within their issued patents. This gives Profile Technologies a significant edge within its niche market of supplying pipeline inspection services. If competitor corporations, including the likes of Haliburton and Schlumberger, wish to imitate Profile Technologiesâ€™ patented technologies, they will have to pay significant licensing fees over to Profile Technologies.