Click here to prepare your nondisclosure form. National Presto is aggressively pursuing new products and new markets to fully utilize our engineering, manufacturing, and marketing potential. We hope to respond within four to six weeks of receiving the properly executed submission. The review period is dependent upon a number of factors, including the completeness of the submission, the complexity of the invention, etc. However, we first have to go through the initial process of determining whether or not the invention has attributes which will enable not only efficient manufacturing within acceptable cost levels, but likewise be marketable to a sufficiently broad band of consumers.
Prototypes are particularly desirable.
That being said, we are interested in inventions regardless of the state of evolution, although for submission purposes, you must have a signed and dated written description. No, the submission is processed free of charge. A number of factors are involved in determining what royalty payment will be made for an invention in which we have an interest. Among these factors are the size of the potential market, initially and long term, the resale price of the resultant product, tooling and advertising costs, and the projected continuity of the product. When and if appropriate, negotiations with you as to royalty or other compensation will begin.