Arkansas Patent of the Month – August 2023
Alliance Rubber Company is a family-owned business, founded in 1923. While rubber bands have been in play for decades, innovation never stops.
Retailers often attach cards to products to indicate sales or helpful product information. Recently, the company has designed and patented a tagging system that easily secures these cards while ensuring they remain upright.
Their elastic loop tag anchor features an elastic loop with opposed outer and inner surfaces. Extending radially from the elastic loop is an elastic anchor which consists of a shank extending outwards into the elastic loop. The custom extruded silicone band effectively holds the tag upright (and in place) from production all the way to the consumer. The design also reduces the effort required to secure the tag to the product.
Not only is the elastic loop tag anchor quick and easy to use, but it also provides a secure attachment to the merchandise or any object. Once assembled, the tag stays in place, ensuring that the card remains attached until it needs to be replaced or updated.
Alliance Rubber Company’s innovative method of manufacturing the tag anchor involves co-extruding the elastic loop and anchor. The elastic loop boasts a hardness value of 25 to 70 on a Shore A scale, while the anchor has a hardness value of 50 to 80 on the same scale, making it relatively harder than the loop. This unique combination ensures optimal performance and durability, setting it apart from other tag anchoring solutions in the market.
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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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