Mit october 21 2013

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  • 1. Bruce Roesner, PhD V Track ID, Inc.
  • 2. Mixed Emotions or “Pet Peeves” • Having started three companies I have been caught in the middle. • As an inventor I want my patents protected. • As a user of a valid patent I am willing to pay a fair and equitable fee.
  • 3. Patent System Has Failed • Patent office has allowed subpar submissions to become patents • Many applicants lack ethics • Make slight changes to or combine existing concepts • Frequency hopping in RFID • RFID tags tuned for higher dielectric medium • Applying RFID to different tracked items • Failure to disclose previous art • Multiple inventors on a single patent?
  • 4. Legal System Has Failed • Financial position is dominant force in determining suit • Suits filed in the court do not require support and can be subsequently quoted by third parties. • Plaintiff should pay legal fees of any patent litigation not sustained. • Lower the defendant’s level of proof for damages. • Limit royalties on Non-Practicing Entities (NPE’s)