Inventors and Patents From the City of Princeton
Inventors and patents from the City of Princeton were honored at an annual ceremony. The winners were announced on Nov. 2, and Princeton University and the Princeton Plasma Physics Laboratory received prizes. Educator of the Year Laura Overdeck was also honored. She is a trustee and alumna of Princeton University.
Clearing House Payments
If you’re an inventor or patent holder, it’s possible to get paid through Clearing House Payments. The New York-based company has been awarded a patent for electronic payment clearing, check image exchange systems, and methods. Its inventors include Steve H. Jackson and Albert G. Wood. They have worked together for several years to perfect the invention.
InterDigital Patent Holdings
InterDigital is a developer of digital mobile and video technology. The company recently announced that it has settled its dispute with Huawei over patent licensing. The agreement covers royalties from Huawei’s wireless telecommunications products and runs through 2023. This settlement comes after nearly 15 months of litigation in the United Kingdom and China.
InterDigital’s patent portfolio covers a wide range of technologies, from mobile infrastructure to 3G and LTE terminals. The company has invested about 20% of its revenue in R&D since 2000, and it now has nearly 300 employees. Its engineers are highly qualified, with 107 of them holding advanced degrees. The company also publishes numerous technology journals and participates in standards organizations. It has also signed a number of smaller deals in consumer electronics.
InterDigital is focused on licensing its portfolio to wireless terminal equipment makers. This allows the company to expand its core market capability and create additional revenue streams. It has licensing agreements with leading companies, such as Apple, Samsung, LG, and Huawei. The company expects to see solid recurring revenues from the patent licensing business.
Sony has recently renewed its joint venture with InterDigital, Inc. in order to continue their work on 5G and IoT technologies. In addition, the companies plan to continue research and development in these fields through the Convida Wireless joint venture. The agreement will strengthen the wireless portfolio of both companies.
TTI Inventions C
Princeton University recognizes the importance of collaboration with industry, including technology transfer. In this way, researchers can translate fundamental discoveries into useful technologies, license them to companies, and otherwise improve the world. This activity fulfills the University’s mission to advance basic research while bringing new discoveries into the public domain. It can also benefit people directly.
Paul Prucnal, an electrical engineer from Princeton, invented wireless communication. His invention enables the recipient to hear a whisper in a freight train. Hilary Coller, a molecular biologist, invented a method of cell killing with a one-two punch. They shared information about their inventions at the second annual “Celebrate Princeton Invention” reception. This event honors the work of nearly 200 scientists and engineers at the University.
Several PPPL physicists, inventors, and patents have come from Princeton. In fact, two professors from the city have recently been honored with patents. One of them, Dr. George Karniadakis, is a professor of applied mathematics and engineering. He has patented a method for modeling biological and physical systems. Another is Nitin Padture, who received a patent for perovskite films.
Princeton University’s Frick Chemistry Laboratory
The Frick Chemistry Laboratory is home to Princeton University’s Department of Chemistry. The building was designed by Hopkins Architects in collaboration with Payette Associates of Boston and Michael Van Valkenburgh Associates of New York. It features one main structure with two wings and a mechanical penthouse. The design also features a large auditorium and atrium.
The new Frick Chemistry Laboratory, named for industrialist Henry Clay Frick, is an inspiring and cutting-edge space. The building was built with sustainable building technologies and modern architectural features. Its glass facade and spacious interior are ideal for teaching and research. The 75-foot-high atrium encourages cross-disciplinary collaboration.
The new building is being built using gifts from donors and campus funds. The money Princeton receives from its patents is distributed among the faculty members who helped create the products. While this enriches the faculty, it also entails paying one-third more in property taxes. According to Princeton University’s vice president and secretary, Robert K. Durkee, the university is unlikely to prevail in the lawsuit. The university’s tax status, however, does not allow for property tax exemption.
While many universities have separate patent offices, Princeton’s Office of Technology Licensing is a part of the university’s educational mission. The decision by Princeton could have repercussions for the organization of patent offices at other universities.