Correlated Magnetics Research Leads Alabama To Record Year For Invention
North Alabama inventor Larry Fullerton leads all 2010 patent winners in the state.
- Huntsville, AL (1888PressRelease) January 19, 2011 - The U.S. Patent and Trademark Office (USPTO) has been exceptionally busy this past year examining new inventions and ideas. A record number of patents issued in 2010 for inventors in the state of Alabama is an indicator of the heightened level of innovation and creative thinking emanating from the deep south.
Of the 694 patents issued to Alabama inventors in 2010, almost 8% involved a single North Alabama company founded by Larry Fullerton and Mark Roberts. Cedar Ridge Research LLC, a technology incubation organization, received patent award notifications for a total of 52 patents from the USPTO, with Fullerton and Roberts' subsidiary company Correlated Magnetics Research LLC (CMR) leading the way.
CMR weighed in at an incredible 44 patents issued in 2010. The company was created to pursue research and development of the fundamental invention in magnetism conceived by Fullerton in 2008 that gives the company its name. All CMR patents are owned by its parent company, Cedar Ridge Research, with all patent rights relating to magnetics assigned to CMR.
"The velocity with which these patent claims were processed is incredible," says CMR President Mark Roberts. "In my experience, a patent filing would typically take at least 36 months to traverse the path from submission to allowance to issuance. CMR patents have averaged 13-and-a-half months from filing to allowance."
Correlated magnetics inventor and CMR CEO Larry Fullerton said, "It speaks to the validity of the technology and the value recognized by the patent office. We are getting attention from virtually every major industrial sector you could name."
In addition to developing new concepts in energy, oil & gas exploration, warfighter protection, magnetics and medical technology, Cedar Ridge Research provides intellectual property services to other inventors and companies in the state. Three patents were issued and two more were allowed in 2010 to CRR clients for whom CRR provided patenting support.
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