Injection molds, and casting patterns, in most cases, are fungible – that is that they can be run by any competent company or individual with an appropriate size and type foundry or molding machine and appropriate expertise. Once the molds are paid for, they are the property of the company or individual who ordered them […]
What will it cost to bring my invention to market?
Always the big question, of course! The price of placing a new plastic product on the market is comprised of five factors. First, there is the cost of engineering. The engineering may be of two types, product design on the product itself, which consists of design or redesign of the product to minimize the cost of production, […]
Patents and Protecting your Invention
How can you, an individual inventor, protect your invention from being ‘ripped off’ by someone else or by some company? And how can you protect yourself while explaining your idea to the company that you hope will manufacture your invention?The ultimate protection, of course, is the status of ‘patent pending’. Note that I did not […]
How much do quotations cost?
No reputable molding company charges for quotations on parts or molds. These are provided free of charge, without obligation. Quotes are generally supplied within a week, and are good for 120 days, after which they will be re-quoted. This time period is placed on quotes because of the volatility of material prices. Plastics are mostly […]
How long will it take to get my product ready?
Virtually nobody decides to come to market with a new product and says “well, no hurry, take as long as you like”! Time is often of the essence when entering a new market. It seems that when a new idea comes up, suddenly lots of people have the same idea. This phenomonon is often referred […]
How are molds and patterns paid for?
The custom in the industry is for a 50% down payment on molds, with the remaining 50% payable upon production of approved samples. Most companies with reasonable credit histories can expect a 15 day account on parts. Individuals or some companies with insufficient credit background may be on COD for 2 or 3 cycles, until […]