Virginia Patent of the Month – September 2022
We tend to carry a variety of items when we go out – Perhaps a cellphone, vehicle smart key, credit cards and identification cards. It would be a lot more convenient if a few functions of these items could be condensed into one multifunctional tool. The team at Studebaker & Brackett PC is determined to provide consumers with innovative technologies to do just that. They have patented a design for a single portable device that holds authenticated information for use in the market-place,
Their development consists of a robust device that contains a base layer, a communication receiver, a near field communication device, as well as a processing unit. It is able to withstand environmental and moisture damage, unlike traditional plastic cards. The device can perform secure transactions by emulating a standard credit card or bank card for use in an automated teller machine or other point of sale device.
Furthermore, it can include and detect radio frequency identification (RFID) devices. This enables the card to track and locate other items or objects configured with an RFID tag. This real-time tracking feature expands the applications of the card and the data that may be gathered by the card. This innovative card technology strives to simplify the lives of busy individuals, making transactions and item tracking easy and convenient.
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.
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