The initial aim was to invest in inventions and patents made in the USSR and other eastern block countries and commercialise them in the United States.
National Patent Development Corporation (NPD) was based in New York City founded in 1959 by lawyers Martin Pollak and Jerome Feldman.
In 1961 Feldman and Pollak wrote a letter to Nikita Khrushchev proposing to buy US rights to inventions made in the USSR.
[1] Then NPD bought the American rights to produce the lenses and sublicensed them to Bausch & Lomb which started to manufacture them in the USA.
[4] The state of Connecticut had refused to take over the dams six years prior, due to the projected repair and maintenance costs.