In 1995, a commercial system for laser refractive surgery was approved by the U.S. Food and Drug Administration. Srinivasan has published over 130 scientific papers and holds at least 22 US patents. A patent application filed by Stephen Trokel in 1992, claiming a LASIK surgery technique as his sole invention, was declared invalid in 2000 by an International Trade Commission ruling that found that Srinivasan should have been included as a co-author. In 1990, Srinivasan formed a consulting company, UVTech Associates. In 1997, Srinivasan was awarded the American Chemical Society's Award for Creative Invention, and the ACS North East Section's Esselen Medal. In 1998, Srinivasan was awarded the Max Delbruck Prize in Biological Physics by the American Physical Society. In 1999, he was elected to the National Academy of Engineering. In 2002, he was inducted into the US National Inventors Hall of Fame. In 2004, he received the Prize for Industrial Applications of Physics from the American Institute of Physics. In 2011, Srinivasan, Wynne, and Blum received the Fritz J. and Dolores H. Russ Prize from Ohio University and the National Academy of Engineering (NAE) for their work, "a bioengineering achievement that significantly improves the human condition." In 2012, Srinivasan, Wynne, and Blum were named as recipients of the National Medal of Technology and Innovation. The award was presented on February 1, 2013 by President Barack Obama, to acknowledge their work with the Excimer laser, leading to the development of LASIK Surgery.