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Lockheed Martin inventors enjoy a banner year in 1996
OAK RIDGE, Tenn.,
Dec. 20, 1996
Lockheed Martin at Oak Ridge announced a record year for the awarding of incentives and recognition awards to employees at the Department of Energy's (DOE) Oak Ridge National Laboratory (ORNL), the Oak Ridge Y-12 Plant and the Oak Ridge K-25 Site.
ORNL, one of DOE's multiprogram research facilities, is managed by Lockheed Martin Energy Research Corp. The Y-12 Plant and K-25 Site are managed for DOE by Lockheed Martin Energy Systems.
More than $262,000 was awarded for fiscal year 1996, which ended Sept. 30, said Bill Martin, vice president, Technology Transfer for Lockheed Martin. Seventy-three inventors were given a total of $52,000 as incentives for the filing of patent applications to the U.S. Patent Office in Washington, D.C.
Lockheed Martin received about $1 million of royalty revenue from the private sector during the same period. From this revenue, 54 inventors received about $150,000 in additional personal income during the year as part of a royalty sharing plan. These royalties were in proportion to the commercial sales of about $18 million reported by licensees of Lockheed Martin technologies.
In addition, the Office of Technology Transfer recognized 64 employees for their technical support for the commercialization on technology. These employees received a total of $60,000.
DOE programs at Oak Ridge benefited by an accelerated effort to use a portion of the royalty revenue to offset costs. That offset was about 10 percent of the Oak Ridge technology application costs.