How Do You Shrink 19 Hours into 2.5 Seconds?

Date:  Tue, 2000-06-27

On Thursday, July 27, 2000, The United States Patent and Trademark Office (USPTO) held a roundtable meeting in Arlington, VA to discuss and identify ways of improving their internal examination of computer-related business method patents. USPTO officials disclosed that their examiners take an average of only 19 hours to review prior art per patent application, with a maximum review time of no more than 31 hours. The annual cost to the USPTO of doubling this review time was estimated to be $270 million dollars. Due to severe limitations in their spending authority, the USPTO cannot currently afford this option. Given the lack of time and resources, USPTO examiners are often unable to perform a truly complete search of prior art. At the roundtable meeting, USPTO officials asked for ideas from third parties on how to improve their technology and access to prior art. We have an idea. M·CAM, the global leader in intellectual property monetization, has developed a revolutionary process and technology implementation to perform a complete prior art search on patents in less than 10 minutes. Sometimes as fast as 2.5 seconds. No joke. This technology can be of tremendous value to the USPTO, and many others. Please contact us