In order to emerge as a major player in regulated markets such as the United States and the European Union as well as to evaluate IP issues, Smilax has set up an Intellectual Property Management Group. The Company’s competitive advantage is in capturing a large portfolio of approvals, backed by R&D effort that offers several patented non-infringing processes and intellectual properties, and a cost- effective mega manufacturing environment complying with the regulatory authorities. The process of creating intellectual wealth starts off with judicious product identification, based on technological complexity and emerging opportunities