Location History:
- Pearland, TX (US) (2021)
- San Jose, CA (US) (2008 - 2022)
Company Filing History:
10 out of 2,010 
5 out of 171 
1 out of 82 
Years Active: 2008-2022
Title: Duc Lam: Innovator in Discount Management and Reservoir Production Forecasting
Introduction
Duc Lam is a notable inventor based in San Jose, California, with a prolific portfolio comprising 18 patents. His work has significantly impacted fields such as financial technology and resource management, where he employs innovative methods to streamline processes and enhance profitability.
Latest Patents
Duc Lam holds two groundbreaking patents that exemplify his inventive contributions. The first is a patent for "Methods and systems for discounts management," which introduces a computer-implemented method and electronic system designed to facilitate seamless payment information exchange between buyers and sellers. This system enhances user experience by enabling sellers to select payment data and amounts for early payment, thus identifying invoices eligible for discounts and offering them to buyers.
His second recent patent, "Method for predicting oil and gas reservoir production," showcases a new and improved reservoir production modeling and forecasting system. This innovative tool incorporates a commercialized physics-based forecasting approach that allows for a comprehensive evaluation of petroleum reservoir production performance. It maximizes profitability by providing precise forecasts and estimates of reserves while minimizing errors associated with production forecasting.
Career Highlights
Duc has made significant contributions during his tenure at notable companies such as JPMorgan Chase Bank, N.A. and Acist Medical Systems, Inc. His experience spanning diverse sectors has equipped him with a unique perspective on integrating innovative solutions to industry challenges.
Collaborations
Throughout his career, Duc has collaborated with talented individuals, including Xuan (Sunny) McRae and Xuan McRae. These collaborations have further propelled his inventions and the development of new technologies, enhancing both his work and the outputs of the organizations he has been a part of.
Conclusion
Duc Lam’s inventive spirit and dedication to innovation make him a valuable contributor to the fields of discount management and reservoir production forecasting. With his 18 patents, he continues to pave the way for advancements that benefit businesses and industries alike.