SoundAlert Ltd

Protected engineering intellectual property can increase the likely financial return from engineering technology and enable more ways of making a financial return.

A recent illustration of the latter comes from the automotive industry. SoundAlert Ltd was formed in the mid-1990's to exploit directional alarm technology developed by a Leeds University professor.  Having protected the technology by patents, the company pursued a licensing business model but went into administration in 2008.

The administrators subsequently pursued a different business model, selling the patents to Kent-based Brigade (BBS-TEK) Ltd.  Brigade then pursued a manufacturing business model, in the course of which they asserted the UK patent against a competing vehicle alarm sold by Leicestershire-based Amber Valley Ltd.
   
This is but one of many ways of using intellectual property in engineering business.  You should of course seek professional advice on your own particular circumstances.