September greetings, everyone! 🍂
We're incredibly proud to share with our R3 Printing Early Investors and with those following us from within the StartEngine early investing community that R3 Printing's third patent application has been accepted and granted by the United States Patent and Trademark Office (USPTO)!
It's official: R3 Printing is beating the odds. 👊
From our initial round of utility patent applications, three out of four have been granted. According to a U.S. patent statistics chart, only about half of all utility patent applications received by the USPTO are granted, which means that R3 Printing has officially beaten the odds. Not only is it an incredible milestone, it's literally an extraordinary achievement.
Since our initial round of applications, we're proud to have continued to innovate and we now have four more patent applications pending in addition to our three granted patents - with plans for several additional applications in the future. On top of our robust patent pipeline, R3 Printing also has four registered federal trademarks and two pending trademark applications to protect our products and our brand as the standard-bearer for on-demand manufacturing technology. The R3 Printing brand is more than just a logo, it's how people experience us, our business, and the future of on-demand manufacturing - and we know the importance of protecting it.
It takes a strong team. 💪
The process of writing, filing, and most importantly - waiting - for the USPTO to review a patent application and respond to the applicant is a complex, multi-year process. Having the resources, getting started early, and successfully navigating the world of intellectual property isn't for the faint of heart. Not to mention, you need to be innovative to begin with.
As CEO and COO respectively, Paul and Petra's leadership, passion, and experience have been at the heart of R3 Printing's nonstop successes so far. A technical founder, Paul studied engineering mechanics at Columbia University and honed his skills in operations and automation at both a top investment bank and the world's largest hedge fund. Petra brings her global experience to the table, using her track history in digital marketing and the media industry to become a key driver behind our oversubscribed equity crowdfunding campaigns and partnerships. Petra graduated from New York University with honors, and her multilingual skill set includes French, Spanish, German, and Mandarin.
Also behind our innovation and engineering prowess is Sarah Pavis, a full-stack mechanical engineer with over ten years of product engineering in both the U.S. and China. Capable of working end-to-end across the product development pipeline, Sarah has previously developed industrial and consumer hardware products at startups and large companies alike.
Supporting and defending our intellectual property initiatives is Matthew G. Miller, a New York-based intellectual property attorney and the founding partner of a firm located in Manhattan's Financial District. Matthew received his JD degree from the University of Michigan Law School and holds a BS in Chemistry from the University of Chicago.
It's all about strategy. 📈
In a rapidly-expanding field like the ~$16 billion-dollar 3D printing industry, investing in intellectual property (aka "IP") is essential to protecting the valuable R&D that goes into innovations like ours, creating a barrier between us and any future competitors, and increasing the value of the company.
It's not just about products, it's about vision - and at R3 Printing, we're always thinking ahead.
We're thrilled to be able to share this achievement with our R3 Printing Early Investors as well as with the StartEngine community, and we look forward to sharing more exciting updates soon!
As always, there's more to come. So until next time...
- The R3 Printing Team