Singapore ThumbDrive inventor eyes cloud, medical segments
The Singaporean firm that invented the ThumbDrive is set to enter the medical field, as well as cloud computing, Channel NewsAsia reported. Trek plans to expand its business and finally leave the patent battles over the memory stick in order to venture into other areas in technology.
Henn Tan, chair and CEO of Trek 2000 International, said they were bold and reckless before when the ThumbDrive came out, which resulted in the company spending a whopping $16 million in monitoring and imposing their claims over the memory stick.
Learning from their mistakes, Trek now has a legion of patent attorneys who manage the intellectual property aspects of any product or innovation it conceptualised and file patent accordingly.
The same strategy has been applied by the company with its FluCard, a memory device that uploads content by tapping wireless networks. This also marks Trek's entry into cloud computing solutions. Apart from this, it has also developed an educational toy for the Chinese market. The toy has a hidden camera and can link up to a wireless surveillance system so that parents can watch over their children using their smartphone.
IP experts advise other firms to follow Trek's move and make it a business strategy to protect their innovations. Zaid Hamzah, IP strategist at Intellectual Futures, said doing this will allow a company to monetise its assets.
For firms that are interested to protect their innovations, the Intellectual Property Office of Singapore has all the available resources.
|Related Articles||Editor's Choice|