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TATA Steel has bagged a commercial patent on a process technology widely used for developing iron at steel plants. The steel major may consider licensing the technology to rival companies.
Tata Steel recently signed an agreement with Jyoti Cero Rubber to commercialise a patented technology for hybrid rollers used in sinter plants, with potential revenues of over 1 crore annually by licensing it out over the next three years.
"This is the first patent licensed to a third party for commercial production in Tata Steel," Tata Steel senior manager (intellectual property) BK Bhuyan told ET. "While the Tisco Direct Reduction was probably one of the first, it was licensed out inhouse to group company Tata Sponge," he added.
Tata Steel's latest patent pertains to sinter plant operations. In the present innovation, the idler rollers of the conveyor belt, which is frequently prone to damages, is coated with a unique combination of polymer and ceramic material. This gives it resistance from wear and tear and low friction. Such coated idlers have a long life. Interestingly, this could find wide application in mines and collieries too.
"We are looking at a potentially large market. Depending on the success of this partnership, we could look at licensing it to others too. This technology has wide applications in mines where similar conveyor belts are used," Mr Bhuyan said.
Through valuation and commercialisation of its latest IP, as on August 31, 2010, Tata Steel's IPR status — including patents and copyrights but excluding trademarks — contains 454 applications filed with another 266 granted. "A commercial patent gives it virtual acceptance. It completes the cycle from innovation to market and is a milestone for any organisation, especially Indian companies looking at using IP as a strategic tool for business advantage," said K Subodh Kumar, prinicipal counsellor and head at Andhra Pradesh Technology Development and Promotion Confederation of Indian Industry.
Tata Steel recently signed an agreement with Jyoti Cero Rubber to commercialise a patented technology for hybrid rollers used in sinter plants, with potential revenues of over 1 crore annually by licensing it out over the next three years.
"This is the first patent licensed to a third party for commercial production in Tata Steel," Tata Steel senior manager (intellectual property) BK Bhuyan told ET. "While the Tisco Direct Reduction was probably one of the first, it was licensed out inhouse to group company Tata Sponge," he added.
Tata Steel's latest patent pertains to sinter plant operations. In the present innovation, the idler rollers of the conveyor belt, which is frequently prone to damages, is coated with a unique combination of polymer and ceramic material. This gives it resistance from wear and tear and low friction. Such coated idlers have a long life. Interestingly, this could find wide application in mines and collieries too.
"We are looking at a potentially large market. Depending on the success of this partnership, we could look at licensing it to others too. This technology has wide applications in mines where similar conveyor belts are used," Mr Bhuyan said.
Through valuation and commercialisation of its latest IP, as on August 31, 2010, Tata Steel's IPR status — including patents and copyrights but excluding trademarks — contains 454 applications filed with another 266 granted. "A commercial patent gives it virtual acceptance. It completes the cycle from innovation to market and is a milestone for any organisation, especially Indian companies looking at using IP as a strategic tool for business advantage," said K Subodh Kumar, prinicipal counsellor and head at Andhra Pradesh Technology Development and Promotion Confederation of Indian Industry.
1 comments:
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