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Helical Cutterhead for Woodworking Equipment Helical Cutterhead for Industrial Woodworking There are currently no reviews for this Innovation.
| Helical Cutterhead for Woodworking Equipment
Helical Cutterhead for Industrial Woodworking |
|
The Superior Helical Cutterhead offers a superior surface finish, reduction in noise and grain tearout, improved dust collection and increased knife life. |
 Annual Sales Forecast for USA * | Innovation Status |
Idea |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
Development
Status |
Proprietary
Protection Status |
Concept
Score |
| Ultra Low |
$0 |
$2,800 |
$25,000 |
5 of 5
Shipping & Selling
|
2 of 5
Patent Pending
|
39 29 is
Average
|
| Low Support |
$34,000 |
$110,000 |
$280,000 |
| Medium Support |
$290,000 |
$820,000 |
$1.8 M |
| High Support |
$800,000 |
$2.3 M |
$4.7 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$1.5 M |
$4.3 M |
$9.0 M |
< 6 months
|
$10k-$100k
|
Helical Cutterhead for Woodworking Equipment
- Helical Cutterhead for Industrial Woodworking
Final Decision Maker: Woodworking Shops, Technical School Faculty
Woodworking companies can now achieve superior surface finishes on their products with the superior Helical Cutterhead. Products machined with our cutterhead require less time to finish, which translates into faster turnaround to your customers, and decreases employee time and steps in the process. Our product is also popular in technical schools because it is significantly quieter than alternatives. Over 100 cutterheads have already been sold. The patent pending helical cutterhead was designed by Hermance Machine, a leader in the woodworking equipment and service industry, to improve existing technology in woodworking machinery. The product was developed from a lack of quality seen in their competition's products - many competitors make claims that are inaccurate. In fact, one machine manufacturer came to us to help solve a problem in a specific application of thin material - the product they were using would destroy the workpiece. The cutterhead we provided solved the issue. The designer of the Hermance Helical Cutterhead, who has over 30 years of experience in this industry, took on the challenge of developing a superior product. This was done by taking specific considerations (noise, dust collection, surface finish, and maintenance) into account, and designing to correctly position the knives on the cutterhead. Our cutterhead is noticeably quieter over conventional straight knife cutters by tipping the inserts so they don't hit as bluntly. Dust collection is at least 50% better than conventional straight knife cutters because we created three different cutter geometries that extract the dust to the center, left, or right. The surface finish is superior by thorough design and manufacturing. Grain tearout is also reduced by tipping the knives to cut rather than plow. Aaron Forgnone, Technology Teacher at Pembroke High School in New York, said, "I want to say thanks again for the planer head. It's nothing short of awesome. I can carry on a conversation right next to the machine without having to shout... Even soft woods like butternut that fuzz easily aren't a problem... I wish that I had heard about you guys earlier."
| $2,430 for 1 - 18 inch cutterhead | Seeking: Research, Distribution |
|
* Consumption sales forecast. Does not include "Random" events or "Inventory Fill". Forecast is for Year 1 for Large or Year 2 for Small Companies.
Forecast should be read as ..."With Low marketing support there is an 80% odds of achieving sales of at least... |
| Listing #: USA.76.043009.001 |
Page 1 of 5 |
Date Posted: 2009-06-02 |
|
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Report Assumptions and Inventor(s) Commentary
|
|
| Inventor(s) Assumptions |
"Most Likely"
Estimate |
Confidence |
Inventor(s) Commentary
Data Source or Basis for Assumptions |
| # of Possible Final Decision Makers |
20,000 |
40% |
Most likely estimate based on # buyers at International Woodworking Fair 2008. Optimistic based on industry experience, pessimistic based on Eureka reference data.
|
| Revenue per First Purchase |
$2,400.00 |
80% |
Based on sales 2006-2008. Most likely estimate based on average price and machine size. |
| % that will Repeat |
50% |
30% |
Based on repeat purchases and referrals from clients. |
| Number of Annual Repeats |
1 |
30% |
Based on current sales. |
| Revenue per Repeat Purchase |
$600.00 |
30% |
Most likely based on purchase of replacement knives for average cutterhead; optimistic based on a referral from current client purchasing average cutterhead. |
| Reseller (Trade) Margin |
25% |
90% |
Based on current model with our distributors. |
| Producer Profit (EBITD) |
11% |
90% |
Based on current direct sales. |
| |
| Innovation Status |
|
Development
Status |
5 of 5
Shipping & Selling
|
The product is already being sold and currently is patent pending. The design/manufacturing process is being tweaked to allow for geometry changes specific to applications. |
| Cost to First Sale (remaining) |
$10k-$100k |
90% |
Already in production and actively promoting the product. |
| Time to First Sale (remaining) |
< 6 months |
90% |
Already selling; over 100 sold. |
| Confidence in Concept Claims made in description |
90% |
Testing and design process allowed us to statistically measure noise, dust, surface finish and maintenance. |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
Patent application submitted 8/23/2006. Claims revised and resubmitted in 2009. |
| Concept Score & Diagnostics |
|
|
| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
|
 |
|
| Reason to Believe |
|
|
|
| Dramatic Difference |
|
|
|
|
| Listing #: USA.76.043009.001 |
Page 2 of 5 |
Date Posted: 2009-06-02 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Inventor Commentary & Alternative Development Scenarios
|
|
| Inventor(s) Sales Goals |
| Minimum Goal |
$100,000 |
Current GOAL |
$0.3 M |
Helical Cutterhead designed for industrial woodworking equipment. Made for standard model machines or custom design for your application. |
Inventor(s) Commentary:
We have sold over 100 Superior Helical Cutterheads to date, and we continue to receive positive feedback on the value our cutterhead provides to customers. Pricing per unit is based on size of the machine, our $2400 price is based on an average 18 inch machine. Check out our website at http://www.hermance.com and click on the cutterhead link. |
|
CURRENT SALES FORECAST |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$2,800 |
$25,000 |
| Low Support |
$34,000 |
$110,000 |
$280,000 |
| Medium Support |
$290,000 |
$820,000 |
$1.8 M |
| High Support |
$800,000 |
$2.3 M |
$4.7 M |
| Ultra High |
$1.5 M |
$4.3 M |
$9.0 M |
If MARKETING CONCEPT Improved (Increase Concept Score by +20 Points) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$4,400 |
$39,000 |
| Low Support |
$55,000 |
$170,000 |
$430,000 |
| Medium Support |
$460,000 |
$1.3 M |
$2.6 M |
| High Support |
$1.3 M |
$3.5 M |
$7.3 M |
| Ultra High |
$2.4 M |
$6.6 M |
$13.9 M |
If PRODUCT/SERVICE Improved (Increase Repeat Rate & Number of Repeats by 30% and Revenue Per Purchase 20%) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$3,300 |
$29,000 |
| Low Support |
$40,000 |
$120,000 |
$310,000 |
| Medium Support |
$350,000 |
$930,000 |
$2.0 M |
| High Support |
$980,000 |
$2.6 M |
$5.3 M |
| Ultra High |
$1.8 M |
$4.9 M |
$10.1 M |
If MARKETING CONCEPT and PRODUCT/SERVICE Improved (Increase Concept +20 Points, Repeat Rate & Number of repeats by 30% and Revenue per purchase 20%) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$5,200 |
$44,000 |
| Low Support |
$65,000 |
$200,000 |
$480,000 |
| Medium Support |
$560,000 |
$1.5 M |
$3.0 M |
| High Support |
$1.5 M |
$4.0 M |
$8.0 M |
| Ultra High |
$2.9 M |
$7.6 M |
$15.2 M |
|
| Listing #: USA.76.043009.001 |
Page 3 of 5 |
Date Posted: 2009-06-02 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Details
|
|
| Fair Market Royalty (%) |
| |
Conservative - 80% Odds
Royalty Percentage |
Most Likely - 50% Odds
Royalty Percentage |
Aggressive - 20% Odds
Royalty Percentage |
| At CURRENT State & Status |
1.4% |
1.9% |
2.5% |
Sales & Marketing
Support Level |
Annual Inventor Royalty Revenue |
3 Year Value
to Inventor
If 50% Odds |
| 80% Odds |
50% Odds |
20% Odds |
| Ultra Low Support |
$45 |
$120 |
$230 |
$360 |
| Low Support |
$740 |
$1,800 |
$3,200 |
$5,300 |
| Medium Support |
$5,400 |
$12,000 |
$21,000 |
$36,000 |
| High Support |
$15,000 |
$33,000 |
$56,000 |
$100,000 |
| Ultra High Support |
$29,000 |
$62,000 |
$110,000 |
$190,000 |
| Sales & Marketing Support Level Assumptions |
| Sales & Marketing Support Level Assumptions |
Sample Numbers |
% Aware x
% Distribution
(Aware & Able) |
Inventor
Confidence |
| % Distribution |
% Awareness |
| Ultra Low Support (Word of Mouth) |
5% |
3% |
0.2% |
N/A |
| Low Support (Small Company) |
20% |
10% |
2% |
% |
| Medium Support (Medium Sized Company) |
50% |
25% |
13% |
N/A |
| High Support (Large Company) |
75% |
45% |
34% |
N/A |
| Ultra High Support (Mega or Niche) |
90% |
70% |
63% |
N/A |
|
Graph of EQUIVALENT (Awareness x Distribution) Combinations
 |
NAICS Industry Codes
For This Invention |
| 33712 - Household and Institutional Furniture Manufacturing |
| 33711 - Wood Kitchen Cabinet and Countertop Manufacturing |
| 32199 - All Other Wood Product Manufacturing |
| 32191 - Millwork |
| 32111 - Sawmills and Wood Preservation |
|
| Patent Numbers that apply to this Product/Service |
| 60/839,455 |
| |
| |
| |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
30 |
| GRANTED Patents |
0 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
1 |
|
For USA Patents: Utility Patent = 7 digit number, Design Patent starts with D, Planet Patent starts with PP. Provisional Application "61/xxx,xxx", Non provisional application "12/xxx,xxx", Design patent application "29/xxx,xxx"
|
|
CAUTION: This Merwyn Business Simulation Research Report includes no warranty or guarantee. Results and opinions should be considered rough and directional in nature. This is because the report is based upon inventor-supplied data and simplified modeling methods. If you are looking to invest, distribute, purchase or become involved with this innovation, in any way, we strongly urge you to validate the inventor data and sales forecasts BEFORE committing yourself or your resources. Merwyn Research, Inc. shall not be responsible for any liability or damages arising out of the failure to perform such investigation and validation. Changes in the concept description, product, pricing, or input assumptions will almost certainly change results.
|
| Listing #: USA.76.043009.001 |
Page 4 of 5 |
Date Posted: 2009-06-02 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Forecasts for Other Countries
|
|
 Annual Sales - Probability Forecast - Canada |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$450 |
$4,000 |
| Low Support |
$5,400 |
$17,000 |
$44,000 |
| Medium Support |
$46,000 |
$130,000 |
$280,000 |
| High Support |
$130,000 |
$360,000 |
$750,000 |
| Ultra High |
$240,000 |
$680,000 |
$1.4 M |
 Annual Sales - Probability Forecast - United Kingdom |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$800 |
$7,100 |
| Low Support |
$9,600 |
$31,000 |
$79,000 |
| Medium Support |
$82,000 |
$230,000 |
$490,000 |
| High Support |
$220,000 |
$640,000 |
$1.3 M |
| Ultra High |
$430,000 |
$1.2 M |
$2.5 M |
Forecast are calculated based on population, (PPP) purchasing power parity, International Trade, Urbanization and the Human Growth Index.
Forecast can be skewed for some industries, so for best results, adjusting the number of final decision makers for every country is recommended.
| Listing #: USA.76.043009.001 |
Page 5 of 5 |
Date Posted: 2009-06-02 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
