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• The average processing time for a U.S. patent is 28 months.
• Patent applications have tripled in the past two decades.
• The average cost for a company to defend itself from a frivolous patent lawsuit is $2 million.
• The current patent system in many ways serves to hinder innovation.  This could have profound implications for U.S. competitiveness.

This report will be followed in 30 to 45 days with further analysis on the actual bottom line impact to the high-tech industry. In determining this impact, AeA is surveying our member companies and encourages them to contact the AeA research team to participate in the survey.

We are delighted to bring you the second regular installment of the AeA Competitiveness Series.  The AeA research team produces these reports on the most timely and relevant issues to the high-tech industry and to U.S. competitiveness in a global economy.  We combine rigorous data with careful analysis to provide industry leaders and policymakers the information they need to assess the issue.