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Founded in 2004, Rembrandt was started by scientists, investors and businesspeople who realized that for myriad reasons many inventors and companies are unable to obtain the true value of their innovations and the patents that protect them. Costly and lengthy litigation, coupled with business or legal retaliation, has tilted the playing field against small inventors and patent holders in favor of infringers. The situation threatens the very foundation of U.S. patent law, as established in Article 1, Section 8 of the U.S. Constitution. Under U.S. patent law, inventors agree to disclose their innovations to the public in exchange for a period of exclusivity, during which time others cannot market the invention without permission, i.e. a license. Infringers or patent pirates use public disclosure to discover and steal new ideas and unjustly benefit from these innovations at the very time the inventor is most at risk. If patent holders cannot monetize their invention when competition is restricted, they may never recoup their investment or see revenue once exclusivity expires. Patent pirates rob others of the fruits of their ingenuity, eliminate incentives to invent, and wrongly reward those not responsible for the invention. Long term, the American economy suffers. Without protection, inventors will opt to either keep their inventions secret, which denies others access to their innovation, or they simply will stop inventing due to the lack of compensation for their ideas and innovations. Rembrandt provides the means for inventors and companies to secure the value of their innovations, and realize the great promise extended to them in the U.S. Constitution: that inventors will receive exclusivity in exchange for disclosing their invention through a patent. Under the direction of Dr. Paul B. Schneck, Rembrandt identifies and acquires patents that hold great market potential, pursues and secures revenue from these innovations as established by the U.S. Constitution. The founding director of the Supercomputing Research Center, Dr. Schneck is an internationally accomplished scientist, an Elected ACM and IEEE Fellow as well as an inventor with two issued patents, whose areas of scientific expertise range from supercomputing to digital IP anti-pirating technologies.
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