ALEXANDRIA, Va., July 3 -- United States Patent no. 12,343,586, issued on July 1, was assigned to Nuvalux LLC (Dallas).

"Retraction device having power generation" was invented by William Wallander (Dallas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A power generation device includes a housing. A cable is configured to extend from the housing between a retracted position and an extended position. A magnet is positioned in the housing. A coil of wire is positioned within the housing adjacent the magnet. Movement of the cable between the retracted position and the extended position causes at least one of the magnet and the coil to move relative to the other of the magnet and the coil to generate an electric...