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World's Largest Patent Filers Propel ITIP to Record Growth

5 Top 25 PCT Filers from US and Asia Choose ITIP

FORT GRATIOT, Mich., Jan. 7, 2014 /PRNewswire-iReach/ -- ITIP ProFiciency, LLC ("ITIP"), the leader in IP cost management and international patent filing for Fortune® Global 500 corporations, is pleased to announce a record setting year for growth in 2013.  ITIP's platform for reducing high agent charges continues to be the top choice among the world's largest and most sophisticated patent departments in North America, Europe and Asia.

(Photo: http://photos.prnewswire.com/prnh/20140107/MN41279)

"Our message is certainly resonating with the world's leading patent departments", says ITIP's CEO Tom Quinn. "It's no surprise that we're experiencing tremendous growth; ITIP's platform was specifically designed to meet the unique needs of large, sophisticated IP departments. That's why IP industry leaders, including 5 top 25 PCT filers, have recently chosen ITIP for cost management solutions."

Since 2005, ITIP's proprietary platform and team of experts have successfully targeted and eliminated inefficient, unnecessary, and overreaching agent charges throughout the international patent life cycle. The results of ITIP's international filing platform are unprecedented – an average 30-60% net savings on foreign filing costs alone. ITIP is the only Legal Process Outsourcing solution that also includes ongoing agent cost management in order to verify net savings.

"We are seeing a few other companies promoting 'foreign filing' solutions in the market place today",continues Quinn. "They all offer very basic 'Patent 101' filing services with marketing schemes designed for smaller entities, inexperienced in international patent prosecution. Most foreign filing solutions are owned by translation companies with the same underlying model – offer a filing discount with perceived cost savings in exchange for the translation business. While this model may appeal to inexperienced filers, it does not produce what the largest and most sophisticated patent departments are seeking - total transparency into agent costs and verifiable net savings throughout the international patent life cycle. Real savings a budget manager can rely on and report to management, not just a filing discount today that inflates the cost balloon tomorrow."

The company recently enjoyed record corporate attendance for ITIP's speaking event at The Patent Information Fair & Conference in Tokyo, Japan, with nearly 100 Japanese corporations attending ITIP's cost management seminar.  ITIP also received high survey ratings from leading corporate in-house counsel attending The IP Law & Management Institute in San Diego, CA.  Industry leaders attending the November 2013 events included: Qualcomm, 3M, Pfizer, IBM, Medtronic, HTC, Mitsubishi, Kyocera, NEC, and Panasonic, among others.  

"Based on the level of interest we're seeing in ITIP's cost management solutions, and WIPO's recent report that it is experiencing the fastest international patent filing growth in nearly two decades (http://www.wipo.int/pressroom/en/articles/2013/article_0028.html), we expect our 2013 record growth to accelerate in 2014," says CEO Quinn."

Further information on why Fortune® Global 500 corporations consider ITIP to be the next generation in IP cost management can be found at www.itip.com

ITIP ProFiciency, LLC
3061 Commerce Drive, Suite 1 
Fort Gratiot, MI 48059 
(810) 385-9668 
Email: [email protected]

Media Contact: Taka Nakashima, ITIP ProFiciency, LLC, +1 (810) 385-9668, [email protected]

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