Annapolis R&D Tax Credit Overview for Businesses

R&D Tax Credits for Annapolis, Maryland Businesses

Annapolis, Maryland, thrives in industries such as healthcare, education, government, and retail. Top companies in the city include Anne Arundel Medical Center, a major healthcare provider; the United States Naval Academy, a key educational institution; the State of Maryland, a prominent government employer; Walmart, a global retail giant; and Amazon, a global logistics and e-commerce company. The R&D Tax Credit can benefit these industries by lowering tax burdens, fostering innovation, and improving business performance. By leveraging the R&D Tax Credit, companies can reinvest savings into cutting-edge research boosting Annapolis’ economic growth.

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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 145 West Ostend Street, Baltimore, Maryland is less than 30 miles away from Annapolis and provides R&D tax credit consulting and advisory services to Annapolis and the surrounding areas such as: Baltimore, Columbia, Germantown, Silver Spring and Waldorf.

If you have any questions or need further assistance, please call or email our local Maryland Partner on (443) 687-8701.
Feel free to book a quick teleconference with one of our Maryland 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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Annapolis, Maryland Patent of the Year – 2024/2025

Epic Optix Inc. has been awarded the 2024/2025 Patent of the Year for its groundbreaking innovation in wearable augmented reality. Their invention, detailed in U.S. Patent No. 11893298, titled ‘Multi-platform integrated display’, introduces a head-mounted AR system that seamlessly adapts to multiple vehicles, providing real-time, platform-specific data without the need for equipment changes.

Epic Optix’s multi-platform integrated display allows users to transition between different vehicles – such as aircraft, ground transports, or naval vessels – while maintaining continuous access to critical information. The system automatically adjusts the displayed data based on the connected platform, ensuring that users receive relevant insights tailored to their current environment.

By utilizing a wired connection, the device minimizes electromagnetic signatures, a crucial feature for military and stealth operations. This design choice enhances operational security and reduces the risk of detection in sensitive missions.

The innovation addresses a significant challenge in augmented reality systems: the need for platform-specific displays. With this technology, personnel can operate across various platforms without the logistical burden of switching devices, streamlining workflows and improving situational awareness.

Epic Optix’s development marks a significant advancement in AR technology, offering a versatile solution that enhances efficiency and adaptability in dynamic operational settings. This patent not only showcases the company’s commitment to innovation but also sets a new standard for integrated display systems in complex environments.