Inventors from South Africa now have local representation to get their invention commercialized in the US by Lambert & Lambert.
St. Paul, MN (PRWeb) November 20, 2008 -- Cape Town based Licensing Technology Network (LTN) has teamed up with US market leading invention marketing and licensing company, Lambert & Lambert, to showcase South African inventions in the lucrative US market.
The two companies signed an agency agreement whereby LTN will source promising inventions in South Africa on behalf of Lambert & Lambert. This stems from a successful license deal the two companies negotiated on behalf of a South African inventor earlier this year. The licensed product, an innovative new kitchen utensil, is expected to be available to consumers in late 2009. The inventor described this license deal as “Having a winning Lotto ticket that can only be cashed in 2010!”
Trevor Lambert, the CEO of Lambert & Lambert said, “We are very pleased to formally establish this relationship between Licensing Technology Network and Lambert & Lambert. I’ve been impressed with their ability to identify saleable products developed by inventors from South Africa.” Trevor went on to say, “As always, our one goal at Lambert & Lambert will be to place these inventions with industry leading companies so that our clients can realize significant royalty income.”
LTN will source and evaluate South African inventions, guide inventors on all commercial aspects and advise how the inventor can secure better protection for the invention. Lambert & Lambert will promote the selected inventions at applicable US trade shows to attract suitable consumer product licensees and handle negotiations. The inventor does not pay for this service and all parties benefit from the royalties on product sales throughout North America.
Innovative inventions or new products in numerous industries are currently sought by Lambert & Lambert and Licensing Technology Network. For more information visit their websites at www.lambertinvent.com or WWW.LTN.CO.ZA.
LTN is also the agents for Yet2.com in South Africa. Yet2.com is the world’s largest technology trading company with access to more than 500 international, including 250 Fortune 500 companies. For more information, contact Nicolas Lategan at NICOLAS@LTN.CO.ZA or visit us online at WWW.LTN.CO.ZA.
About Lambert & Lambert:
Lambert & Lambert is a contingency-fee based invention marketing and patent licensing firm that specializes in consumer products. Based in St. Paul, Minnesota, Lambert & Lambert provides services to inventors, product developers and small companies throughout the world and currently has products selling in numerous retailers.
Tim Sherman, director of customer service
Lambert & Lambert, Inc.