Case Studies

MISSED OPPORTUNITY TO PATENT

Frank Bannigan, managing director of Kambrook, developed the electrical power board in 1972. The product was hugely successful and was the basis for Kambrook’s growth to become a major producer of electrical appliances.

However, the power board was not patented and Kambrook ended up sharing the market with many other manufacturers.

THE LESSON: PATENT YOUR IP

According to Frank Bannigan, ‘I’ve probably lost millions of dollars in royalties alone. Whenever I go into a department store and see the wide range of power boards on offer, it always comes back to haunt me.

Today Kambrook has a number of patents and pending patent applications for improvements in a range of consumer goods.

 

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