Missouri Patent of the Month – January 2021
Oftentimes, work equipment and structures can seize up if not properly lubricated. Sometimes it can be hard to tell when it needs lubricant and it’s easy to over or under lubricate, which causes issues. Over lubricating can cause the lubricant to get into places it’s not supposed to and under lubrication means maintenance will be required more frequently. Ideally, we want to apply the right amount of lubricant at the right time. Lincoln Industrial Corporation has built a diagnostic pump with a lubrication distribution system, to address this issue.
The new lubricant system will pump lubricant from a reservoir to a distribution system. The pump can work with vented and non vented systems. The pump has a self-diagnostic system that includes a controller. The controller has a memory storage for instructions on pump operations. The controller can test for proper ventilation within the lubrication system based on pressure sensors. If the controller determines the system isn’t venting, it can stop processes and start an alarm.
Are you adapting existing technology for a new 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.