Company Filing History:
Years Active: 2011-2013
Title: Innovations by Brian P Reed: Pioneering Price Protection and Retail Price Analysis
Introduction
Brian P Reed, an accomplished inventor residing in Southlake, TX, has made significant contributions to the realm of commodity pricing through his innovative patents. With a total of seven patents to his name, Reed has focused on developing methodologies and systems that enhance the efficiency of price determination and price protection for consumers.
Latest Patents
Among his notable inventions, two stand out for their practical applications. The first patent, titled "System and method of determining a retail commodity price within a geographic boundary," introduces a comprehensive method for ascertaining the retail prices of commodities by analyzing various data sources, including third-party reporting and transactional data. This system allows for the calculation of a composite retail price within a specific geographic area, enhancing decision-making for consumers and businesses alike.
The second patent, "Method and system for providing price protection for commodity purchasing through price protection contracts," outlines a framework for consumers to secure price protection against fluctuations in retail prices. This invention focuses particularly on the fuel market, offering fleet managers the ability to lock in prices and quantities over specified time frames, thereby providing both stability and predictability in their purchasing strategies.
Career Highlights
Brian Reed is associated with Pricelock, Inc., where he utilizes his expertise to create innovative solutions that support consumers and businesses in managing commodity costs effectively. His work has been instrumental in developing systems that not only protect against price volatility but also provide strategic insights through detailed market analysis.
Collaborations
Throughout his career, Reed has collaborated with notable colleagues such as Robert M Fell and Scott Painter. Together, they have driven advancements within Pricelock, Inc., combining their talents to enhance the company's offerings in price protection and commodity analysis.
Conclusion
Brian P Reed stands as a prominent figure in innovation, particularly in the realm of retail pricing and commodity purchasing strategies. His patents reflect a deep understanding of market dynamics and consumer needs, paving the way for enhanced financial security and informed purchasing decisions in an ever-evolving marketplace.