Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Micro Imaging Technology Inc. (MMTC) Message Board

I believe you're correct- that this was a name tra

Message Board Public Reply | Private Reply | Keep | Replies (2)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 2022
Posted On: 12/04/2012 9:55:12 PM
Posted By: HKipp
Re: Klinkerhoffen #998

I believe you're correct- that this was a name trademark and not a patent on the technology. But it's not necessarily a bad thing. They have made a conscious choice not to patent and have developed their process around protecting their intellectual property. It has been well thought out. JN discussed this very point at the RI Conference. He was asked why the process was not patented. He explained that a patent does you no good unless a company has the resources and unlimited funds to protect it and to threaten and go after any poachers- especially in other countries such as those very Asian markets we're looking at. He explained that, initially, the software was to accompany or actually be in the machine. Identification would be done on site, and it would make for a very simple self contained system. But then they realized that, once a testing party had their hands on the software, they didn't need MIT any more and could duplicate it and even produce their own units. The laser hardware is unique and valuable, but the real prize is the software algorithm, developed by Dr. Haavig that enables one to make an identification using the equipment. The unit is useless without it. Hence, the idea of the cloud system- which exists to address this very problem. Some view this system as having been developed to provide a revenue stream- which it will do. But the real reason is to protect the technology. So- the machine generates the raw data- it is sent to "MIT Central" and then they analyze the raw data with the "Identifiers"- the soft ware- and immediately send back the identification answer via the internet. This still allows for immediate, real time identification- does allow MIT to charge for the procedure- but also keeps the crucial software out of the hands of any unscrupulous customers. And thus- no patent is needed to protect the technology. Quite clever!



(0)
(0)




Micro Imaging Technology Inc. (MMTC) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us