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Fields Laboratories holds a valuable patent (No. 758-6002-1A) on a precipitator that prevents certain types of air pollution. Fields does not manufacture or sell the

Fields Laboratories holds a valuable patent (No. 758-6002-1A) on a precipitator that prevents certain types of air pollution. Fields does not manufacture or sell the products and processes it develops. Instead, it conducts research and develops products and processes which it patents, and then assigns the patents to manufacturers on a royalty basis. Occasionally it sells a patent. The history of Fields patent number 758-6002-1A is as follows.

Date

Activity

Cost

20082009 Research conducted to develop precipitator $382,000
Jan. 2010 Design and construction of a prototype 85,400
March 2010 Testing of models 57,400
Jan. 2011 Fees paid engineers and lawyers to prepare patent application;
patent granted June 30, 2011 66,300
Nov. 2012 Engineering activity necessary to advance the design of the
precipitator to the manufacturing stage 95,000
Dec. 2013 Legal fees paid to successfully defend precipitator patent 57,400
April 2014 Research aimed at modifying the design of the patented precipitator 58,400
July 2018 Legal fees paid in unsuccessful patent infringement suit against a
competitor 36,000

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