MIAMI, FL -- (Marketwire) -- 08/09/12 -- Eastman Kodak has struggled in recent years, with the looming threat of bankruptcy making headlines all over the world. While the photography company has faced many problems, it has always clung to at least one valuable asset -- its collection of patents. According to a recent Wall Street Journal article, however, Kodak's patents may not be worth as much as once thought. The company appraised its patents as having a value of some $2.6 billion, but the initial bids from these patents -- from technological giants like Apple and Google -- are coming in decidedly lower, only in the $250 million range. The patent plight of Eastman Kodak has won the attention of Patent Assistance Worldwide, a company that seeks to help inventors with the legal and marketing aspects of patent ownership. The company has responded to the Journal report with a new statement to the press.
According to Mark Fallows, spokesman for Patent Assistance Worldwide, the Kodak case underscores the prickly nature of patent ownership, and also highlights the need for inventors to receive sound legal advice. "A patent is something that potentially brings immense value," says Fallows. "However, there are instances in which the true value of a patent turns to be something much less than what was first thought -- something that Eastman Kodak is learning the hard way."
Fallows says that the need for sound patent counsel is even more urgent among novice inventors. "Kodak is a company with an entire legal team at its disposal, to say nothing of decades of patent experience," he explains. "Even they struggle and get things wrong sometimes -- so how much tougher is it for the first-time inventors of the world?"
Fallows says that his company is devoted to helping these smaller-scale, novice inventors. "Patent Assistance Worldwide is devoted to assisting inventors as they seek to preserve and protect their intellectual property, and ultimately to make money from it," he confirms. Crucially, Patent Assistance Worldwide is not a legal firm. "Our company is not a legal firm at all, but rather we are a sort of clearinghouse of patent services," Fallows notes. "We have a vast network of best-in-class patent attorneys, and we can help inventors secure their services, often for a highly discounted rate."
Patent Assistance Worldwide is not just a network of attorneys, however. "We want to help inventors protect their intellectual property, but we also want to make it easy for them to profit from it," Fallows observes. As such, the company's clearinghouse of services also includes access to marketing professionals, patent researchers, illustrators, and more.
"Profiting from a patent can be difficult, something the Eastman Kodak story makes clear," concludes Fallows. "For new inventors, Patent Assistance Worldwide is here to help."
Patent Assistance Worldwide is a clearinghouse of services geared toward inventors seeking to protect or market their intellectual property. The company places clients in touch with professional illustrators, patent researchers, and patent attorneys, and typically offers inventors more affordable rates than traditional legal firms can offer. More information about Patent Assistance Worldwide can be found at http://www.patents4ideas.com.