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Our Patent Strategy: Innovation at Fair Prices

In the world of patents, balancing innovation with fair pricing is key. Yet, it’s no secret that some companies overcharge for their intellectual property, but not us!

At Tripar, we prioritize moderation and fair pricing. Which is why we have great relationships with OEM clients, many spanning decades. As North America’s largest supplier of CNC fabricated & stamped metal components to the lighting industry, we are constantly developing new solutions to meet our client’s needs. Much of our expertise are in the mechanical details of luminaires; focusing on critical but often hidden parts (unappreciated by the end user) that are vital to manufacturers, installers, and service providers in the lighting market.

To do this, we actively listen to our customers; whether they are voicing concerns about existing components or suggesting new product ideas. This valuable feedback fuels innovation. And we often involve customers in confidential phases of our product development to ensure those solutions in fact meet their needs. All of this of course comes at a cost which we’re glad to pay; knowing the outcome is always superior lighting solutions (and increased sales) to fund R&D activities.

We have 9 patents and growing; see our full list here. (Personally, I am an inventor and co-inventor on 28 patents; the difference from a previous life before I joined Tripar). Our reasons for not overcharging is clear:

  1. To offer these components at great value. Thus, enabling OEMs to sell more and buy more from us, generating the revenue necessary to cover R&D costs—a full circle of benefits.
  2. It’s always been our company’s philosophy to solve client’s problems at the lowest possible cost—it’s in our DNA.
  3. We only charge what we need to to make a necessary profit.
  4. To deter copycats. We keep our margins modest, encouraging them to copy overpriced products from other companies.

In short, we see it as good business. A win-win-win.

Here are my 3 favorite patented products:

Simply taper the sides to allow nesting to within 1”; saving over 50% in shipping costs

Adjustable hole achieved with only 6 leaves. People who see it scratch their heads while nodding at its versatility

Done differently than anything in the past, offering a whack of new & unique features

Now you know more about Tripar and how we put customers first. 

Lloyd Sevack
President, Tripar Inc.

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