Northann Corp. Receives Approval from U.S. Patent and Trademark Office for Core Technology in Benchwick 3D Printing Ecosystem
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The approval of the DSE patent by the USPTO for Northann Corp. marks a pivotal moment in the company's trajectory, potentially heralding a new phase of competitive advantage in the 3D printing sector. The proprietary nature of the Dynamic Surface Enhancement technology could translate into enhanced product offerings that stand out in a crowded marketplace. With the ability to produce 3D printed objects with unprecedented textures and details, Northann Corp. may see increased demand from industries where such characteristics are highly valued, such as consumer goods, healthcare and automotive.
From a market perspective, this technological edge might attract new partnerships, boost sales and potentially allow Northann Corp. to command premium pricing. Investors should monitor the company's market share and revenue growth in subsequent quarters to gauge the impact of this patent on business performance. Additionally, the company's R&D focus suggests a commitment to innovation, which is a positive indicator for future growth and sustainability in a technology-driven industry.
Northann Corp.'s newly patented technology could have significant financial implications. The patent approval not only protects the DSE technology from competitors but also opens up potential revenue streams through licensing agreements. The exclusivity granted by the patent is likely to enhance the company's valuation due to the projected increase in its intellectual property assets.
Investors should consider the possible effects on the company's operating margins, as the patented technology could lead to cost savings in production and increased efficiency. Furthermore, the company's investment in R&D is indicative of a strategy focused on long-term growth, which might appeal to investors with a similar outlook. It will be crucial to analyze future financial statements for R&D expenditure and its correlation with revenue growth to understand the return on these investments.
The granting of Patent No. 11,821,216 to Northann Corp. for its DSE technology is a strategic win in the legal arena, safeguarding the company's intellectual property for the duration of the patent term. This legal protection can deter potential infringement by competitors and may serve as a bargaining chip in negotiations, potentially leading to cross-licensing agreements or even deterring litigation.
For stakeholders, the patent's legal implications extend to the potential for international patent filings, which could secure Northann Corp.'s market position globally. The strength of a company's patent portfolio is often a critical factor in its ability to navigate international markets and can be a determinant in forming strategic alliances. Stakeholders should pay attention to the company's future legal actions to maintain and enforce its IP rights, as these will be integral to sustaining its competitive edge.
Elk Grove, CA, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Northann Corp. (the “Company”) (NYSE American: NCL), a leading innovator in the field of 3D printing, today announced that it has received approval from the United States Patent and Trademark Office (“USPTO”) for one of the Company’s core technologies, DSE (Patent No. 11,821,216), which is an integral part of the Company’s Benchwick 3D printing ecosystem.
DSE, short for Dynamic Surface Enhancement, is a cutting-edge technology that enables the Company to achieve authentic textures and lifelike detailing in its 3D printed products. This technology sets the Company apart from competitors, allowing for superior quality and aesthetics in the final output and enhancing the capabilities and performance of the Benchwick 3D printing ecosystem.
This approval from the USPTO is a significant milestone for the Company, validating the uniqueness and innovation of its core technology and further solidifying the Company's position as a pioneer in the industry.
"This patent approval for DSE is a testament to the hard work and dedication of our team," said Lin ‘Ken’ Li, President and Chief Executive Officer at the Company "We are proud to have our core technology recognized for its innovation and the value it brings to the Benchwick 3D printing ecosystem.”
“The Company's commitment to pushing the boundaries of 3D printing technology is further reinforced by this approval. Our company continues to invest in research and development to bring groundbreaking solutions to the market, empowering businesses and individuals with the tools they need to bring their ideas to life.”
“With our Benchwick 3D printing ecosystem and patented DSE technology, the Company is poised to lead the way in revolutionizing industries and shaping the future of 3D printing.”
Join us at TISE2024 and experience firsthand how Northann Corp is shaping the future of the flooring industry. Don't miss out on this incredible opportunity to explore the potential of Benchwick 3D printing ecosystem in flooring design.
The 2024 International Surface Event (TISE2024) is the largest North American floor covering, stone, and tile industry trade exposition. The event will be held from January 24th to 26th at the Mandalay Bay Convention Center in Las Vegas.
About Northann Corp.
Northann Corp. specializes in 3D-printed flooring solutions under its flagship brand, "Benchwick." The Company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. The Company offers an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, primarily through its sales network in North America and Europe. The Company aims to redefine the essence of modern flooring by offering stylish, durable, and ecologically conscious solutions.
For more information, please visit https://ir.northann.com/
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
Investor Relations
Northann Corp.
Email: ir@northann.com
Phone: +1 (916) 573-3803
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FAQ
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