Stamford R&D Tax Credit and Innovation Benefits

R&D Tax Credits for Stamford, Connecticut Businesses

Stamford, Connecticut, is known for its strong presence in finance, technology, healthcare, and retail. Top companies in the city include Charter Communications, a leading telecommunications company; Synchrony Financial, a major financial services provider; Stamford Hospital, a prominent healthcare provider; Pitney Bowes, a key technology company; and WWE, a global entertainment company. The R&D Tax Credit can help these industries reduce tax liabilities, promote innovation, and enhance business performance. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research driving growth to Stamford’s economy.

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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 1000 Lafayette Boulevard, Bridgeport, Connecticut is less than 25 miles away from Stamford and provides R&D tax credit consulting and advisory services to Stamford and the surrounding areas such as: Bridgeport, New Haven, Hartford, Waterbury, and Norwalk.

If you have any questions or need further assistance, please call or email our local Connecticut Partner on (203) 680-9655.
Feel free to book a quick teleconference with one of our Connecticut R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.

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Stamford, Connecticut Patent of the Year – 2024/2025

Parsa Wireless Communications LLC has been awarded the 2024/2025 Patent of the Year for innovation in low-power, wide-area wireless communication systems. Their invention, detailed in U.S. Patent No. 11877238, titled ‘Power saving for multicast broadcast services’, uses a specialized method for managing data exchange between base stations and mobile devices across large geographic areas with minimal energy use.

This breakthrough offers a new way to connect Internet of Things (IoT) devices using a streamlined signaling method that reduces both network congestion and power consumption. Unlike traditional cellular systems, which are designed for high data rates and frequent signaling, this technology focuses on efficiency and extended battery life.

At the core of the invention is a custom protocol that dynamically adjusts how devices communicate based on their needs. It minimizes unnecessary back-and-forth transmissions, allowing remote sensors, trackers, and smart infrastructure to stay connected for years on a single battery.

This advance is especially valuable for industries like agriculture, logistics, and environmental monitoring, where devices often operate in remote areas with limited access to power or cellular coverage. The patent outlines a system that not only scales efficiently but also ensures stable performance in real-world, low-signal environments.

Parsa Wireless Communications LLC continues to push the frontier of energy-efficient connectivity. With this patent, they’re offering a viable solution to one of the biggest challenges in expanding the IoT – how to keep billions of devices connected without draining resources or networks.