Alaska Patent of the Month – April 2023
Mobile IV Systems LLC, a medical device company, has developed a pressure-regulating device that has the potential to revolutionize the storage and transportation of compressed gas, which is commonly used as a propellant or pneumatic power supply. The device, which includes a gas inlet, an expansion body, and two pressure regulators, can receive gas at a high pressure and regulate it down to a selected or suitable pressure for various applications.
One of the key features of the device is its ability to adjust the pressure decrease produced by the first stage regulator by changing the distance between the expansion body and an intermediate regulator body. This means that the device can be easily customized to meet the specific pressure requirements of different applications.
The pressure-regulating device can be used on its own or as part of a system that includes a pressure cuff, making it ideal for medical applications such as intravenous therapy, where the precise regulation of gas pressure is critical.
What sets Mobile IV Systems’ pressure-regulating device apart from other pressure regulators on the market is its unique design and versatility. By combining multiple pressure regulators and adjustable components, the device is capable of providing highly precise pressure regulation in a wide range of applications.
The company is focused on developing the technology needed to make IV infusions safer, thereby saving lives. Overall, the pressure-regulating device developed by Mobile IV Systems has the potential to greatly enhance the convenience and safety of storing and transporting compressed gas, making it an exciting development in the field of medical devices.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
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The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
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