Makin Testifies on Behalf of Industry

This past Tuesday, Michael Makin, Printing Industries of America’s President and CEO, testified at the Senate’s Judiciary Committee hearing on patent reform.  Makin was the only representative representing small business, and of course, the printing industry.

“Prior to 2013 it was unheard of to have printing companies accused of patent infringement.  This is no longer the case,” stated Makin. “Currently, we know of 8 patent trolls seeking licensing fees from printers or threatening litigation.”  Makin went on to give examples.  “One extortive letter issued to a Kansas printer with just 40 employees, demanded $75,000 dollars in licensing fees, if they did not pay within two weeks that would go up to $95,000.  This is reprehensible.  Needless to say threats of litigation places undue stress on an industry already struggling with low profits and challenging demand. Our average printers are forced to spend 10 to 15 thousand dollars just to hire lawyers initially to protect themselves.”

Makin went on to remind the panel of Senators of the harm patent trolls have on the economy, “Keep in mind Mr. Chairman (Senator Patrick Leahy, D-VT) that patent trolls do not innovate.  They do not promote economic growth. They do not contribute to education and scientific research.  Most importantly patent trolls do not create jobs. Our businesses do.”

Earlier this month, the House passed the Innovation Act on a broad bipartisan vote of 325-91.  Now the process begins in the Senate to create legislation which will protect patent holders and promote business growth.  The hearing in its entirety can be seen here.

Photo: Michael Makin pictured with Senator John Cornyn (R-TX) at the Senate Judiciary Hearing.