Current ETA: 4-6 Weeks

Lastest Update 2/08/12

Latest update on our website here: http://www.usbmemorydirect.com/hi_reddit.php5

Make sure to follow us on Google+ for most up-to-date info: https://plus.google.com/114203052225171671770/posts

UPDATE 8/22/11

Tarator the original creator has already sold the rights to this particular device. We have initiated contact with the new rights hold, gifts.ru, in an attempt to obtain the right to sell it in the US markets, this would include orders out of country but only if they are reached via US based marketing IE all of reddit. Tarator has also made an offer for us to purchase rights of his latest creation http://steampunker.ru/blog/4677.html, not as interesting as the cryptex drive i must admit. We won’t be giving up so easily, there are many other routes that can be taken.

UPDATE 8/30/11

We are attempting t forge an agreement which will allow us to use their manufacturing facilities. This will reduce our lead time in producing the device. The sample is being created as we speak and should be done within a week. At that point we will be able to negotiate pricing for the rights.

UPDATE 9/2/11

We will get some initial cost info from the rights holder. As it stands we are prepared to make two offers depending on whether we can use their manufacturing plant (of course we will make sure quality is good). The amount we offer for royalties is contingent on us not having to fabricate milling parts to produce the drives and of course how much their factory will charge us.

The latest email which came to use today informed me that we will have price points from their factory first thing Monday morning. At which point it will take a couple hours to prepare our offer to them. If all goes smoothly we’ll have word by lunch time.

UPDATE 9/14/11

We are reaching the end of negotiations. Hopefully we will arrive at some sort of accord shortly. Once the agree has been finalized we will need to make sure we are covered and sign contracts, this could take a couple days. After that it is smooth sailing and we should see the first samples within a couple weeks. Full production a week after. We will be emailing everyone with any major updates.

UPDATE 10/18/11

We have reached an agreement with the company that owns the rights to this drive in Russia. Samples are close to being completed in the factory which gifts.ru is using for creating these drives. Fahad posted below about a patent that was undoubtedly used as the idea for the basis of this drive. Whether or not it would be considered a derivative work is something that might be up to a court. In light of this we have contacted a couple IP attorneys for legal support and while the goings are slow they are still goings.

One thing is for sure, I am going to try my best to green light this all the way through regardless of the legal implications. Hopefully we sell enough to cover a $250k legal proceeding lol, fingers certainly crossed on that one.

