Maine Patent of the Month – October 2023

Constructing foundation walls for building structures has always been a critical aspect of the construction process. Traditionally, this involved excavating the earth, assembling forms on both sides of the intended foundation wall, and then pouring reinforced concrete into these forms. While effective, this approach has its limitations, especially in scenarios where access to one side of the wall is restricted.

TC Hafford Basement Systems has provided quality basement waterproofing, insulation, and foundation repair services to homeowners throughout Maine and Southeastern New Hampshire for over 30 years. With a commitment to innovation and solving water-related issues in basements and crawl spaces, TC Hafford Basement Systems has introduced a groundbreaking method for constructing foundation walls with one-sided formwork.

The newly patented system developed by TC Hafford Basement Systems provides a novel approach to forming solid foundation walls. The system utilizes one-sided formwork, meaning that the forms are erected on only one side of the wall, even when access to the other side is limited or impossible. Unlike traditional one-sided formwork systems that require additional reinforcing structures to resist bending under the weight of concrete, TC Hafford Basement Systems’ approach integrates self-supporting formwork. This innovation reduces costs and the potential for rework, streamlinING the construction process, eliminating the need for extensive bracing and additional reinforcing materials. This results in a more efficient and cost-effective solution. 

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.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Recent Posts