Company Filing History:
Years Active: 2008-2010
Title: Innovations by Dave Womeldorf
Introduction
Dave Womeldorf is an accomplished inventor based in Lakeville, MN (US). He has made significant contributions to the field of automated commodities transactions. With a total of 2 patents, Womeldorf has developed innovative systems that enhance the efficiency and security of commodity trading.
Latest Patents
Womeldorf's latest patents include a system and method for automated commodities transactions that feature an automatic hedging function. This integrated virtual market facilitates communication between producers of commodities and potential purchasers. The system provides real-time updates on local pricing offered by buyers. Producers can post offers that can be automatically accepted by purchasers, leading to the automatic generation of contracts. A key aspect of this invention is minimizing the risk associated with transactions. To achieve this, the virtual market system automatically requests and obtains futures contracts to hedge the contracts being generated.
Career Highlights
Womeldorf is currently associated with Farms Technology, LLC, where he continues to innovate in the field of commodities trading. His work focuses on creating systems that streamline the trading process and reduce risks for both producers and buyers.
Collaborations
Some of Womeldorf's notable coworkers include Gary Reding and Kent Beadle. Their collaboration contributes to the development of advanced technologies in the agricultural sector.
Conclusion
Dave Womeldorf's contributions to automated commodities transactions demonstrate his commitment to innovation and efficiency in trading. His patents reflect a deep understanding of market dynamics and the need for risk management in commodity transactions.