As a Research and Development (R&D) based company, Spinlock’s main business relies in the development of technology.
This business core can be presented in different ways:
- Joint Development Ventures: whereby Spinlock and another company (client) together embark in a technology development project in joint collaboration and sharing contributions. Generally the clients are companies in need for specific development to resolve industry problems or required upgrades. Generally, the client is also a company with strong presence in the respective market. Spinlock’s development of NMR Multiphase Flow Metering technology is an example of this.
- “Work for Hire” Developments: whereby Spinlock is hired as an independent contractor for purposes of developing custom-made solutions of a company. Spinlock presents a Project proposal to the prospective client, and if accepted it commences development activities. At the end of the project, the entire Intellectual Property (including know-how) is transferred to the client, and Spinlock may remain as a service and support provider, if so required.
- Spinlock Self-funded Developments: in this case Spinlock has detected the requirement of an industry for certain development (may include upgrades to Spinlock’s current equipment line) and, as sometimes is the case, the industry will only be willing to procure the commercial-ready product, rather than investing in the development of the technology. These projects are self-funded and in the majority of cases are related to upgrades to Spinlock’s analytical instruments for different industries.
All of the above scenarios follow a similar procedure, generally: (i) Spinlock may be approached by different industries with technology requirements for its consideration, or also approach itself to the industry by means of commercial research, or direct inquiries; (ii) After concluding that it would be able to propose potential solutions for those requirements, Spinlock presents to industry players solutions based on technologies of its area of expertise; (iii) Depending on the client’s interest, one of the options above may be elected for purposes of developing the technological solution.
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NQR for Pharmaceuticals
