QUEST PATENT RESEARCH
Quest Patent Research Corporation is a New York City based Intellectual Property Asset Management Firm. Quest is incorporated in Delaware (1986). Quest trades on the OTCQB Venture Market for early stage and developing U.S. and international companies under the symbol QPRC. OTCQB listed companies are current in their reporting and undergo an annual verification and management certification process.
Quest creates shareholder value through investment and management interests in intellectual property assets, such as patents, trademarks, copyrights, novel inventions and trade secrets. Through our business, shareholders have the opportunity to participate across a broad portfolio of dynamic assets in the burgeoning intellectual property space.
Quest provides IP asset owners and stakeholders – including inventors, law firms, estates, small businesses and corporations – with a valued resource for protection, management and monetization of IP assets.
Quest partners with owners and affiliates of compelling intellectual property, in both mature and emerging market technologies, to develop and execute a strategic program focused on realizing the full economic value of the IP. We offer a suite of value-added services to owners, IP attorneys, small businesses, and corporations to drive revenue from innovative, distressed, dormant or under-managed IP assets.
Invention, protection and commercialization of IP require a deep understanding of dynamic technologies, market fundamentals, competitive landscapes, and engagement strategies. Often IP asset owners/stakeholders lack the requisite resources, experience and/or capacity to access the latent value of their IP assets and opportunities. Quest works with asset owners to develop a cohesive monetization strategy focused on aligning the interests of, and driving returns to all stakeholders.
Financial and managerial structures are flexible, creative and unique to each opportunity. Our approach is based on proven methods for the evaluation, development and management of IP assets. Our value proposition rests in our ability to assemble the critical resources necessary to initiate or augment IP engagements through the provision of strategic planning, financing and active management. Our structures enhance overall economic value realized, align interests and transfer risk.
The Quest team brings a wealth of experience in strategic business management, intellectual property, finance and marketing. Our internal resources, in concert with our external network of financial, legal and managerial professionals, can develop creative solutions to the myriad of challenges involved in monetizing IP. Our structured diligence and deployment procedures mitigate risks, maximize returns and deliver value to IP owners and shareholders alike.
THE QUEST TEAM
Jon Scahill, Chief Executive Officer
Jon Scahill has been president and chief executive officer since January 2014, and a director since 2007. He was appointed secretary in April 2014. He also served as president and chief operating officer from May 2007 to December 2013. From December 2006 to May 2007, Mr. Scahill was founder and managing director of the Urban-Rigney Group, LLC, a private consultancy specializing in new business/new venture development, operations optimization, and strategic analysis. Prior to launching his consultancy business, Mr. Scahill held numerous positions in sales and marketing, technical management, and product development in the consumer products/flexible packaging arena. Mr. Scahill holds a B.S. in chemical engineering from the University of Rochester, a MBA from Rochester's Simon Graduate School of Business, and a JD from Pace University Law School. Mr. Scahill is a registered patent attorney admitted to practice in New York, Florida, the District of Columbia and before the United States Patent and Trademark Office.
Tim Scahill, Chief Technology Officer
Timothy Scahill has been our chief technology officer since 2007. Mr. Scahill recently completed a merger and buyout of Managed Services Team LLC, an IT Managed Services provider. Prior to Managed Services Team, he was president of Layer 8 Group, Inc. from August 2005 to December 2012, at which time Layer 8 merged with Structured Technologies Inc. to form Managed Services Team LLC. In his roles he had taken the responsibility for business strategy, acquisition, execution, as well as financial management. His entrepreneurial acumen and proven record of successful management with sole discretionary responsibility, demonstrate the scope of his capability and his value to delivering results. He successfully completed his term on the boards of the Upstate New York Technology Council and Pariemus Rochester. Mr Scahill completed a six year term as Secretary, Executive Council and a Board of Directors seat for Habitat for Humanity. He has served as President of the Western New York chapter of The Entrepreneurs Organization and continues to serve on the board as Accelerator Chair. Mr Scahill is currently performing Cyber Intelligence, Security and Information Assurance work for an undisclosed organization.
Peter LaFauci, CFO Solutions
Peter LaFauci is president of CFO Solutions, a Rochester, NY based consulting firm offering knowledge-based financial and accounting solutions for emerging to medium-size companies. Mr. LaFauci is a seasoned executive with over 25 years of proven success in developing, leading, and executing strategy in both publicly and privately held companies within the advertising, software development, internet, manufacturing, and emerging technologies sectors. Peter possesses strong research and analytical skills as well as interpreting, summarizing, and communicating financial and business information to others.
Mr. LaFauci is a graduate of Saint Bonaventure University