WASHINGTON, Jan. 29, 2019 (GLOBE NEWSWIRE) -- The global invention process is fundamentally flawed. From patent attorneys, to United States Patent and Trademark bureaucracy, to the lack of affordable intellectual property analysts, there is a widespread need for the ability to quickly and comprehensively search for intellectual property and to put those results to work to propel innovation forward.
LOCI, the leading invention platform offering innovators the ability to seamlessly search, analyze, protect and monetize their ideas, today announced its latest feature to the platform, LOCI Provisional Patent Application Filing. The new LOCI Provisional Patent feature assists inventors in quickly and efficiently filing provisional patent applications in one sleek platform, alleviating the traditionally complicated and time consuming process.
The LOCI platform has expanded to include the next large piece of the puzzle, assisting inventors in filing provisional patent applications. LOCI Provisional Patent makes the patent process simple and intuitive by providing simple questions to elicit substantive responses from the inventor about his or her work.
The LOCI platform includes the following capabilities:
- LOCI Search: Now a completely free feature in the platform, allows inventors to visually search the global database of millions of patents and documents for existing ideas and potential prior art using a beautiful Venn diagram.
- LOCI Invention Analysis: An affordable tool allowing inventors to receive detailed analysis of the novelty of their idea. This analysis comes with a simple 0-100 LOCI Score indicating the originality of an idea, plus loads of supporting data to provide additional insight and ideas, all powered by machine learning and data analytics, to help inventors refine and prepare their inventions for patenting.
- LOCI Provisional Patent: For platform users that have just completed an Invention Analysis of an idea that they wish to patent, the LOCI system will generate an auto-filled application that inventors only need to review and approve before filing with the U.S. Patent Office, and/or staking on the Ethereum Blockchain. With this new capability, the LOCI Platform has become an official one-stop-shop for aspiring inventors far and wide.
- LOCI Marketplace: The LOCI Platform also provides inventors with assistance to sell, license, or otherwise monetize their ideas.
“We are ecstatic to introduce LOCI Provisional Patent as a revolutionary capability for inventors,” said John Wise, CEO of LOCI. “The LOCI Platform is truly a one-stop-shop, creating a completely unique resource in the space where inventors can quickly and painlessly search, analyze, protect and monetize their ideas. I have witnessed firsthand how difficult the patent process can be, but now with LOCI, we aim to foster brilliant ideas and inspire inventors.”
To learn more about LOCI, visit LOCI.IO. To begin using the live LOCI products, visit LOCISEARCH.COM to create an account.
About LOCI
LOCI is a suite of applications intended to disrupt and revolutionize the global patent industry for inventors as well as governments, institutions, and law firms. The platform features a free state of the art patent search engine which allows anyone to see visually where various inventions land within the digital patent landscape, an Invention Analysis tool which gives an in-depth assessment of the novelty of new ideas in a way never before possible, and now a Provisional Patent Application Filing process built right into the platform. All of this is leading up to an innovative “Marketplace for Ideas” facilitated by LOCIcoin tokens, where users can buy, sell, and license ideas on the blockchain.
Media Contact
Evan Sneider
Red Rooster PR
esneider@redroosterpr.com
+1-954-673-6835
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/be563639-54ea-430a-990a-e31af3b9ad5d