These victories are welcome news for IRBT investors in the short term, but IRBT’s long term future is about remaining the market leader in household robotics across multiple categories. By actively enforcing its Roomba patents now, IRBT may also benefit through future deterrence of competitors in other categories including robotic dishwashing, lawn mowing, and more.
iROBOT On The Move
iRobot (IRBT) is securing there future.
iRobot (IRBT) has consistently hyped its portfolio of patents protecting its market leading products are a valuable asset and earlier this week it was reported in federal court that iRobot has entered into an agreement with Black and Decker, whereby Black and Decker will no longer sell their home robotic vacuums. IRBT previously entered into a similar agreement with Taiwanese-based component manufacturer Micro-Star International (MSI), whereby MSI agreed to vacate the global robotic-cleaning marketplace and IRBT dropped its complaint against several Hoover vacuums that utilized MSI’s components.