Public Statement Regarding Michael Budd, Employees of The Related Companies, and Broader Industry Interference
It is a matter of public record:
On April 24, 2017, I met with Michael Budd and the head of acquisitions for The Related Companies at their New York offices. Prior to this meeting, I had filed a provisional patent application with the United States Patent and Trademark Office (USPTO), securing my innovations in building enclosure technology.
During the meeting, I disclosed specific design elements, including a "U"-shaped trough designed to collect water from failed seals or condensation, directing it through a defined drainage path. I also discussed airflow management techniques, including the use of downtubes and water-draining spandrel assemblies. I explicitly informed them of my patent filing earlier that day.
I alone created these innovations.
They were the product of my independent research, development, field experience, and design work — long before any meeting with Related Companies or its employees.
Despite my clear prior filings and documented disclosures, within 67 days — on June 30, 2017 — Michael Budd and at least one other Related Companies employee filed a provisional patent application that failed to reference my prior art or our meeting and omitted the other inventor. These omissions constitutes fraud on the USPTO, violating the duty of candor and good faith required during patent prosecution.
Furthermore, Michael Budd improperly solicited my brother, Aaron Margalit — a junior employee at Related Companies — leveraging his position and influence to gather additional knowledge about my invention without my consent. This manipulation crossed both ethical and legal lines.
The filing of the provisional patent, and the electronic transmission of the application materials to the USPTO without disclosure of my prior art and our April 24, 2017 meeting, constitutes a material misrepresentation and may further qualify as wire fraud.
As I sought to understand the broader interference surrounding my technology, troubling facts began to emerge. Certain individuals and networks with past associations to organized crime appeared to have taken an interest. A message eventually reached me:
"We are seeking you out."
This interference coincided with increasing external pressure, opaque negotiations, and tactics designed to fence me out of the very market I helped create. An advanced method of integrating switchable films into vision glass was developed by me alone. This sample was stolen from my garage.
https://youtu.be/pBIDVT-WzyE?si=lomyKx3nW21P1Db2
The matter has since widened:
- Companies such as GAUZY, a major player in advanced glazing technologies, now stand to benefit by hundreds of millions — and potentially billions — of dollars from technologies directly connected to my original work.
To illustrate the type of technology involved, consider this demonstration of smart glass capabilities:
- The breadth of efforts to isolate me from my innovations, restrict trade, and improperly benefit others is no longer a private matter — it is now a matter of public concern.
I remained silent for many years, attempting to resolve these wrongs through professional and lawful channels. However, given the magnitude of the harm caused — not only to me but to the broader marketplace and public trust — I am compelled to speak openly.
Additional disclosures and supporting evidence will be made available over time. Some clarifications and supplemental details may be refined as necessary, but it is critical that the truth be placed into the public record immediately.
For further details, please visit: www.portalwall.com
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