After years of research, your company has developed a product that might revolutionize the green (environmentally conscious) building industry.The product is made from relatively inexpensive and widely available materials combined in a unique way that can substantially lower the heating and cooling costs of residential and commercial buildings.The company has registered the trademark it intends to use for the product and has filed a patent application with the U.S. Patent and Trademark Office.

1. Provide three reasons why this product does or does not qualify for patent protection.
2. Explain three ways in which the company can utilize licensing.