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"Think Tank" Hot water tank optimizer / energy savings device energy saving hot water tank control for for residential and light commercial There are currently no reviews for this Innovation.
| "Think Tank" Hot water tank optimizer / energy savings device
energy saving hot water tank control for for residential and light commercial |
|
A Life time of Energy Savings for a small one time investment, capable of paying for itself in less than one year |
 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 |
$4 |
$500,000 |
$3.2 M |
2 of 5
Successful Prototypes
|
0 of 5
No known protection
|
35 29 is
Average
|
| Low Support |
$6.8 M |
$15.1 M |
$28.3 M |
| Medium Support |
$64.1 M |
$107.4 M |
$168.3 M |
| High Support |
$176.2 M |
$293.5 M |
$448.9 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$332.4 M |
$546.5 M |
$825.2 M |
6 mos-1 yr
|
$100k-$1M
|
"Think Tank" Hot water tank optimizer / energy savings device
- energy saving hot water tank control for for residential and light commercial
Final Decision Maker: Home owners, small business
TheThink Tank "Hot Water Tank Optimizing Control" is a Hands Free Operation, EnergySavings Device that can be attached to virtually anyelectric hot water tank.
Standard Hot Water Tank Operation:Thetypicalelectric hot water tank control system design has remainedbasically unchanged for over 60 years.
Other Products: The other current product available, somewhat similar to the Think Tank, in its operational intent is a standard time clock. (Produced by companies such as Tork, Paragon & Intermatic).These have the ability to reduce energy consumption by limiting heating cycle times to that of a fixed schedule. The user sets the time clock schedule. These are time periods for which the tank will be operational and times which it will be disabled. In order to get the most savings, the On time of the tank has to be as limited as muchas possible, which reduces times when hot water can be used. In essence the user has to schedule their hot water activities / use to that of the timer schedule. Another inefficient anomaly of the time clock's fixed schedule is that it turns thetank on for scheduled use periods even if there is no one there to use the water. What Makes the Think Tank Controller Different? Think Tank requires No Programming and there is NoSchedule to follow. Simply attach the Think Tank to the hot water tank and goabout your life. Think Tank will customize tank operationbased on its users needs, provides On Demand Synchronization of HeatCycles and Recovery time, automatically reverts to 1 hour On, 23 hour OffSleep Mode, one hour after last use, initiates a one hour Recovery cycle on initial start up or after a power outage. Think Tank provides virtual hands free operation, combined with a one time purchase costexpenditure vs. life time of savings potential make this product very viableand desirable. An added benefit of the think tank control is extended life of the water tank thermostat(s) and heating element(s). This added benefit is also achieved by virtue of reduced heating cycles.
| $120.00 for 1 unit | Seeking: Purchase, Investment, Distribution, Manufacturing/R&D |
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* 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.76.100609.001 |
Page 1 of 5 |
Date Posted: 2009-10-16 |
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| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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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 |
85,000,000 |
30% |
your reference data
|
| Revenue per First Purchase |
$125.00 |
30% |
|
| % that will Repeat |
25% |
30% |
|
| Number of Annual Repeats |
0.5 |
30% |
|
| Revenue per Repeat Purchase |
$1.00 |
30% |
|
| Reseller (Trade) Margin |
40% |
30% |
|
| Producer Profit (EBITD) |
35% |
50% |
not known |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
|
| Cost to First Sale (remaining) |
$100k-$1M |
30% |
|
| Time to First Sale (remaining) |
6 mos-1 yr |
30% |
less than 1 year |
| Confidence in Concept Claims made in description |
30% |
I have work with automated controls for over 40 years, I have 100% confidence in my invention and my claims as to it's potential |
Proprietary
Protection Status |
0 of 5
No known protection
|
|
| 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.76.100609.001 |
Page 2 of 5 |
Date Posted: 2009-10-16 |
| ©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 |
$10 M |
Current GOAL |
$100 M |
prototype of Think Tank "hot water tank optimizer" mounted on hot water tank |
|
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 |
$4 |
$500,000 |
$3.2 M |
| Low Support |
$6.8 M |
$15.1 M |
$28.3 M |
| Medium Support |
$64.1 M |
$107.4 M |
$168.3 M |
| High Support |
$176.2 M |
$293.5 M |
$448.9 M |
| Ultra High |
$332.4 M |
$546.5 M |
$825.2 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 |
$7 |
$830,000 |
$5.1 M |
| Low Support |
$11.2 M |
$24.7 M |
$44.9 M |
| Medium Support |
$106.2 M |
$174.3 M |
$259.0 M |
| High Support |
$296.4 M |
$477.9 M |
$684.5 M |
| Ultra High |
$557.5 M |
$886.4 M |
$1.3 B |
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 |
$4 |
$540,000 |
$3.4 M |
| Low Support |
$7.3 M |
$15.9 M |
$29.8 M |
| Medium Support |
$67.8 M |
$112.1 M |
$176.0 M |
| High Support |
$188.0 M |
$307.0 M |
$469.5 M |
| Ultra High |
$352.0 M |
$572.5 M |
$860.5 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 |
$7 |
$880,000 |
$5.4 M |
| Low Support |
$11.9 M |
$25.9 M |
$47.0 M |
| Medium Support |
$112.8 M |
$182.5 M |
$271.8 M |
| High Support |
$317.4 M |
$502.1 M |
$715.9 M |
| Ultra High |
$589.4 M |
$931.0 M |
$1.3 B |
|
| Listing #: USA.76.100609.001 |
Page 3 of 5 |
Date Posted: 2009-10-16 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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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 |
1.8% |
2.9% |
4.4% |
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 |
$6,100 |
$18,000 |
$39,000 |
$54,000 |
| Low Support |
$95,000 |
$230,000 |
$440,000 |
$700,000 |
| Medium Support |
$770,000 |
$1.6 M |
$2.8 M |
$4.8 M |
| High Support |
$2.1 M |
$4.3 M |
$7.6 M |
$13.0 M |
| Ultra High Support |
$4.0 M |
$8.3 M |
$14.0 M |
$24.8 M |
| 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% |
% |
| Low Support (Small Company) |
20% |
10% |
2% |
N/A |
| 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 |
| 44419 - Other Building Material Dealers |
| 44413 - Hardware Stores |
| 44411 - Home Centers |
| |
| |
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| Patent Numbers that apply to this Product/Service |
| |
| |
| |
| |
| |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
40 |
| GRANTED Patents |
0 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
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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"
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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.
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| Listing #: USA.76.100609.001 |
Page 4 of 5 |
Date Posted: 2009-10-16 |
| ©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 |
$1 |
$79,000 |
$500,000 |
| Low Support |
$1.1 M |
$2.4 M |
$4.5 M |
| Medium Support |
$10.2 M |
$17.0 M |
$26.7 M |
| High Support |
$27.9 M |
$46.5 M |
$71.2 M |
| Ultra High |
$52.7 M |
$86.6 M |
$130.8 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 |
$1 |
$140,000 |
$900,000 |
| Low Support |
$1.9 M |
$4.2 M |
$7.9 M |
| Medium Support |
$18.0 M |
$30.2 M |
$47.3 M |
| High Support |
$49.5 M |
$82.5 M |
$126.2 M |
| Ultra High |
$93.5 M |
$153.7 M |
$232.1 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.76.100609.001 |
Page 5 of 5 |
Date Posted: 2009-10-16 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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