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From the following Seeking Alpha article, I saw this nugget:

"FARO has amassed 129 patents, with an average age of 8.04 years, according to MDB Capital Group’s PatentVest database. The company’s sheer quantity of patents isn’t what interests me most, however. It’s the recent surge in patent applications.

Over the last three years, the company has increased its filings at a compound annual growth rate of 45%. All told, FARO is waiting for approval on 78 patent applications.

...

FARO’s patent application conversion rate – the percentage of patent applications that result in actual patent grants – stands at 86%. In comparison, conversion rates for the standard-bearers of innovation – Apple, Google (GOOG) and IBM (IBM) – check in at about 65%."


http://seekingalpha.com/article/1865751-say-hello-to-the-nex...

Ed
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