How does Intellectual Property play a role?
Hear Ted explain the interplay between IP, cyber security, and grid resiliency in a podcast with the Center for American Progress.
The vulnerabilities of the electric grid are real. The long term consequences of a successful cyber attack are unimaginable and complex. One salient solution: Innovation. Innovation and commercialization of technologies to protect and ensure resiliency of the grid must become key components of our national security arsenal. One of the best weapons that can best protect innovation and facilitate commercialization is a quality patent.
Wood IP adds value through the formal establishment of our Electric Grid & Cyberthreats Industry Group. This team is committed to bringing grid protection and fault resiliency technology innovation to market through strategic intellectual property counsel.
We set the pace! Review Ted’s proposal for using IP to spur innovation in grid resiliency and cyber technologies by accelerating examination of patent applications covering these technologies. The proposal was presented to then USPTO Director David Kappos, Deputy Director Sharon Barner, and Commissioner of Patents Robert Stoll.
The Wood IP team knows the industry.
Our team includes attorneys and technical staff who have advanced training and industry experience in key technical disciplines. They include generation and transmission power systems, computer networks, enterprise computer security, industrial control systems surveillance & security, electronic countermeasures (ECM), and advanced communications. We are poised to provide the strategic IP protection that can encourage R&D investment and spur technical innovation.
The grid protection industry is segmented into three groups, each having somewhat different IP needs. The first group includes recognized power industry leaders. Most are patent savvy with mature IP portfolios. Key concerns include strategic IP planning and IP rights enforcement. Patent litigation, licensing, and reexamination are important tools to consider in this phase of IP strategy development.
Another group includes companies that have acquired niche provider companies with significant technical know-how, patents, and other grid related IP. Many are traditional defense contractors. Before these companies use their newly acquired IP, it is important that they first confirm ownership, assess scope of protection, and uncover any validity and/or enforceability issues. In other words, they should conduct appropriate patent forensics analyses.
Finally, there is an important role for niche innovators working on power generation, distribution, and transmission technologies. For these entities, often emerging growth companies, establishing the freedom to use and operate their inventions is a first priority. After completion of this initial due diligence, they must develop a strategy for identifying and protecting their own innovations with quality patents.