The Cadi Kiosk patent is Cadi’s first and my first granted patent. This process was especially difficult and required patience. The patent journey started on July 7th, 2016; I wrote and filed the provisional patent myself. The application included Cadi’s first drawing of the Kiosk and the distribution process. A beautiful image that brings back memories.
One year later, Cadi hired a patent attorney. Cadi deployed funds from its first angel investor to pay the initial costs to file the non-provisional patent. Cadi set ambitious goals of getting a broad patent for use among many sporting categories. Over time, the patent was narrowed but still provides excellent protection from competition.
This is a massive announcement for Cadi. It provides protection from competition but more importantly, it is a valuable asset to potential acquirers. The patent is a tangible asset that provides instant credibility and value.
Reminder, Cadi has recently launched a new fundraising round. All early investors receive a 25% or a 50% discount through bonus shares. This perk will be ending soon. To invest in Cadi, visit www.cadikiosk.com.
On January 17th, the patent is now published, and officially the patent was issued.
If you would like to read the actual patent, check it hard out here.
As always, GO CADI!
CEO & Co-Founder
Cadi is transforming where commerce happens using autonomous distribution and a mobile marketplace.
Join Cadi at the 2023 WM Open 2/8-2/12. Cadi is celebrating and everyone is invited. PLUS All Investors over $5k receive two VIP passes. Don't miss out.
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Cadi tracks inventory from source to sale, knowing where our inventory is as it moves through the warehouse, into transit, arrival at our kiosk system, and in customer's hands. This allows us to collect powerful data.