New Lawsuit Provides Important Reminder to Protect your Critical Space Tech Innovations

Based on a recent lawsuit, Wilson Aerospace alleges that Boeing stole their space tech intellectual property. The lawsuit alleges that Wilson Aerospace may have lost hundreds of millions of dollars as a result of the stolen IP.

This lawsuit is an important reminder for all space tech companies to ensure that their critical inventions are protected before engaging with any company (especially large corporations) that may try to steal their proprietary technology.

In my 25 years of experience, I’ve seen this happen far too often. When companies delay the protection of their inventions and other intellectual property, it may be too late to fix that mistake when a competitor copies or steals their unique innovations.

Did you know that if you wait too long, you may actually lose the opportunity to protect your intellectual property? In many instances, there are patent filing deadlines that can prevent you from protecting your critical inventions. If you let this happen, that means your competitors can actually use those inventions for free in their own products.

In other words, you essentially donated your R&D time and expenses to your competitors!

Let this latest lawsuit encourage you to take action today and protect your most valuable inventions. This is a modest investment that can make your company significantly stronger and more valuable in the future.

Every tech company is busy these days. Protecting your intellectual property is often an afterthought or something you’re putting off until “tomorrow.”

Don’t do this.

Protecting your inventions will provide a competitive advantage, attract investors, and increase your company valuation. Showing your team the importance of their innovative ideas (by protecting them) can also stimulate more innovative thinking and even better products.

Do you have questions about how to identify and protect your most valuable inventions? If so, I can help.

I’m offering complimentary 20-minute strategy calls to help you determine what you need to be aware of regarding your company’s inventions or patents. I will answer any questions and provide suggestions for identifying and protecting inventions created by your team.

Schedule a Free strategy call with me at: https://calendly.com/steve-sponseller/20

Note: I don’t have any information about this case other than what’s in the public lawsuit filing. I’m not affiliated with either company involved in the lawsuit.

See a full news report regarding the litigation at CNBC: https://www.cnbc.com/2023/06/07/wilson-aerospace-sues-boeing-over-allegedly-stole-ip-for-nasa-projects.html

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