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SafeHome CO Sensor (09038) Quick warning carbon monoxide detector for homes There are currently no reviews for this Innovation.
| SafeHome CO Sensor (09038)
Quick warning carbon monoxide detector for homes |
|
The only carbon monoxide sensor that combines the benefits of being portable and battery operated with the advantage of larger & more expensive accurate and reliable sensors. |
 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 |
$1 |
$150,000 |
$720,000 |
1 of 5
In Development
|
2 of 5
Patent Pending
|
55 29 is
Average
|
| Low Support |
$1.8 M |
$3.9 M |
$7.0 M |
| Medium Support |
$15.1 M |
$26.2 M |
$40.5 M |
| High Support |
$42.1 M |
$69.8 M |
$105.9 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$76.1 M |
$128.5 M |
$194.0 M |
Unknown
|
Unknown
|
SafeHome CO Sensor (09038)
- Quick warning carbon monoxide detector for homes
Final Decision Maker: Homeowners, Renters & Offices
15,000 Americans visit emergency rooms every year due to Carbon Monoxide (CO) poisoning, the leading cause of accidental poisonings in the United States. CO is odorless, tasteless, and can only be detected using a specialized sensor. For the first time ever a low-power, energy-saving Carbon Monoxide (CO) sensor has been developed that meets and exceeds the performance of expensive, high-power plug-in CO sensors. The sensor is easily miniaturizable, which saves space, and can be manufactured at low cost using established manufacturing techniques, resulting in a very affordable sensor that can be mass-deployed in homes and offices. The sensor is highly selective to CO in the presence of other gases, which insures reliable detection for added peace-of-mind. Unlike current battery-powered models, this sensor enables the display of precise CO concentrations so that the end user knows exactly how much CO is in the environment. The battery-powered CO sensors currently available are not highly selective to CO in the presence of other gases, suffer from slow response times, and lack a display to show precise CO concentration. Current plug-in sensors, which overcome some of these drawbacks, use significant energy to heat the sensor, are less reliable, and are far more expensive to buy and operate. The SafeHome CO sensor is reliable, accurate, affordable, and so efficient that it can run off of battery power while offering all the benefits of plug-in sensors. The low cost of the device allows homeowners to install one in every room of the house. The sensor material can be easily integrated with electronic circuitry and CO concentrations are easily derived by measuring the electrical resistance when a current (or voltage) is applied to the sensor. The sensor was developed by a leading Ohio State University professor of chemistry and has been fabricated and tested in a university laboratory setting. A scientific paper will soon be published detailing the experiments. The inventor is a renowned expert in sensor technologies, and his research has earned him a spot in R&D magazine's prestigious R&D 100 list 3 times. U.S. and foreign rights are available for this technology.
| $6.99 for one home CO detector | Seeking: Purchase |
|
* 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.76.011010.003 |
Page 1 of 5 |
Date Posted: 2010-01-14 |
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| ©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 |
100,000,000 |
60% |
There are 105 million homeowner & renters in the US. Roughly 25 million businesses according to the US Census data.
|
| Revenue per First Purchase |
$13.98 |
30% |
customers will likely purchase 2 sensors. One for the kitchen and one for the main bedroom. Large homes will need 3. |
| % that will Repeat |
N/A |
N/A |
|
| Number of Annual Repeats |
N/A |
N/A |
|
| Revenue per Repeat Purchase |
N/A |
N/A |
|
| Reseller (Trade) Margin |
30% |
60% |
Profit margins of reseller is from grocery stores and DIY stores like Home Depot. |
| Producer Profit (EBITD) |
15% |
60% |
The profit margin of the industry is 11%, but due to the low cost of manufacturing, a higher EBITA is possible. |
| |
| Innovation Status |
|
Development
Status |
1 of 5
In Development
|
The sensor material has been fabricated and its performance has been verified in a laboratory setting. The inventor, will soon publish a paper that details the experiments. |
| Cost to First Sale (remaining) |
Unknown |
60% |
No cost data is available at this time. |
| Time to First Sale (remaining) |
Unknown |
60% |
No time to first sale is available at this time. |
| Confidence in Concept Claims made in description |
30% |
The sensor material has been fabricated and its performance has been verified in a laboratory setting. The inventor, will soon publish a paper that details the experiments. |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
The US provisional patent has been filled and Patent Cooperation Treaty will be filled in April, 2010. Foreign rights will be available. |
| 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.76.011010.003 |
Page 2 of 5 |
Date Posted: 2010-01-14 |
| ©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 |
$- |
Current GOAL |
$- |
Carbon monoxide is known as the "Silent Killer" and is the leading cause of accidental poising deaths in America. Every home & office should have one per room. |
Inventor(s) Commentary:
NOTE: This innovation is represented by The Ohio State University and was input by the Planet Eureka! Team who is solely responsible for its content. All cost and pricing information was estimated by the Planet Eureka! Team. To access more complete information simply click on “Link to Website With More Complete Info” or on “Email Inventor(s)” on the bottom of page 1 of this report. |
|
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 |
$1 |
$150,000 |
$720,000 |
| Low Support |
$1.8 M |
$3.9 M |
$7.0 M |
| Medium Support |
$15.1 M |
$26.2 M |
$40.5 M |
| High Support |
$42.1 M |
$69.8 M |
$105.9 M |
| Ultra High |
$76.1 M |
$128.5 M |
$194.0 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 |
$1 |
$210,000 |
$990,000 |
| Low Support |
$2.6 M |
$5.3 M |
$9.5 M |
| Medium Support |
$21.0 M |
$36.2 M |
$54.9 M |
| High Support |
$58.0 M |
$96.1 M |
$143.7 M |
| Ultra High |
$105.8 M |
$176.7 M |
$264.4 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 |
$1 |
$210,000 |
$990,000 |
| Low Support |
$2.5 M |
$5.3 M |
$9.5 M |
| Medium Support |
$20.9 M |
$36.0 M |
$54.6 M |
| High Support |
$58.0 M |
$96.5 M |
$144.3 M |
| Ultra High |
$106.3 M |
$177.3 M |
$263.2 M |
|
| Listing #: USA.76.011010.003 |
Page 3 of 5 |
Date Posted: 2010-01-14 |
| ©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 |
1.3% |
2.1% |
3% |
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 |
$1,300 |
$3,700 |
$7,600 |
$11,000 |
| Low Support |
$23,000 |
$51,000 |
$91,000 |
$150,000 |
| Medium Support |
$170,000 |
$340,000 |
$560,000 |
$1.0 M |
| High Support |
$470,000 |
$910,000 |
$1.5 M |
$2.7 M |
| Ultra High Support |
$840,000 |
$1.7 M |
$2.7 M |
$5.0 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% |
N/A |
| 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 |
| 33429 - Other Communications Equipment Manufacturing |
| |
| |
| |
| |
|
| Patent Numbers that apply to this Product/Service |
| 61/164,650 |
| |
| |
| |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
32 |
| GRANTED Patents |
5 |
| Licensing Deals SIGNED |
- |
| Innovations that have SHIPPED |
- |
|
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.
|
| Listing #: USA.76.011010.003 |
Page 4 of 5 |
Date Posted: 2010-01-14 |
| ©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 |
$24,000 |
$110,000 |
| Low Support |
$290,000 |
$610,000 |
$1.1 M |
| Medium Support |
$2.4 M |
$4.2 M |
$6.4 M |
| High Support |
$6.7 M |
$11.1 M |
$16.8 M |
| Ultra High |
$12.1 M |
$20.4 M |
$30.8 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 |
$0 |
$43,000 |
$200,000 |
| Low Support |
$510,000 |
$1.1 M |
$2.0 M |
| Medium Support |
$4.2 M |
$7.4 M |
$11.4 M |
| High Support |
$11.8 M |
$19.6 M |
$29.8 M |
| Ultra High |
$21.4 M |
$36.1 M |
$54.6 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.76.011010.003 |
Page 5 of 5 |
Date Posted: 2010-01-14 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
