Minnesota Patent of the Month – April 2023
Ilesovi, Inc designs biometric and electromechanical anti-theft purses to protect all your personal items. Recently, the company has patented their high security purse designs, discouraging theft and injury during theft, while protecting the items inside and aiding in their recovery if stolen.
The new purse is designed with a rigid endoskeleton, a lock with biometric sensors, and a GPS tracking feature. Additionally, the purse includes a quick-release cross-body shoulder strap that provides versatility in fashion styles.
Ilesovi’s invention combines integrated technologies, using biometric locks to ensure you can never be locked out of your own purse. The biometric sensor is programmed to allow the lock assembly to achieve the unlocked state only when the input provided corresponds with an authorized user. In the event of theft, the items inside are difficult to access, and the purse can be tracked to aid in the quick capture of the thief. Additionally, the shoulder strap can detach when a force threshold is exceeded to protect against collarbone injury of the wearer. The interior layer is made with rigid cables and a slash-resistant inner lining so that thieves cannot cut their way in.
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.
