VAST’s investment in its IP is designed to build toward a critical mass of patent protection for its technology and has become one of the company’s central tasks, serving as the foundation upon which a profitable enterprise can be built.
Because VAST has chosen an IP research and development business model for its technology, there is a continual emphasis on generating novel ideas that can be applied to other application domains. VAST’s marketing and engineering staff evaluate the probability of success for new ideas in three major areas.
- Intellectual Property, probability of novelty and nonobviousness
- Technological Feasibility
- Commercial Viability
Where VAST sees opportunities for its technology to serve as alternative means of solving existing problems in a potential market, and where financial feasibility exists to market its technology to that market, the IP team will refine the technology to be legally protected and licensed to OEM’s. It is the expectation that VAST will grow a more and more valuable patent portfolio with licensing fees and royalties for these patented ideas providing an income stream to investors.
2010 Heavy Oil recovery with fluid water and carbon dioxide
2012 Thermogenerator to remediate contaminated sites
2013 Hot fluid recovery of heavy oil with steam and carbon dioxide
2016 Bendable Strain Relief filter line method and apparatus
2017 CO2 producing Calciner
2019 Thermodynamic Cycles with Thermal Diluent