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Life Sensing Tire (PRF64631) Ultra safe passenger tire for passenger/family cars owners There are currently no reviews for this Innovation.
| Life Sensing Tire (PRF64631)
Ultra safe passenger tire for passenger/family cars owners |
|
The only tire that will warn you 100 miles before a potential tire failure. |
 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 |
$15 |
$2.1 M |
$10.2 M |
2 of 5
Successful Prototypes
|
2 of 5
Patent Pending
|
55 29 is
Average
|
| Low Support |
$25.2 M |
$53.3 M |
$94.9 M |
| Medium Support |
$213.9 M |
$356.8 M |
$543.0 M |
| High Support |
$570.7 M |
$964.8 M |
$1.5 B |
Remaining Time & Cost to First Sale |
| Ultra High |
$1.1 B |
$1.8 B |
$2.6 B |
6 mos-1 yr
|
$10k-$100k
|
Life Sensing Tire (PRF64631)
- Ultra safe passenger tire for passenger/family cars owners
Final Decision Maker: Car and truck owner/operators
The Life Sensing Tire is the only tire that will warn you 100 miles before a potential tire failure.
The Life Sensing Tire keeps you and your family safe by giving you an early warning when your tires could fail. You can drive to the tire store to have your tire repaired or replaced instead of having an unexpected blow-out or flat.
The sensor placed in the tire detects when it has low air pressure or improper inflation. It detects damage done to the outside of the tire. It also detects the thickness of the tire tread. When it senses a potential failure, it signals the driver by turning on a warning light on the dashboard. The sensor is so accurate that it can give you a warning at least 100 miles before a failure due to unseen damage.
The sensor for the Life Sensing Tire was developed by a Purdue University Professor in Agriculture Engineering. The sensor measures the thickness of the internal layers of the tire. When there is a change in thickness, the sensors signal a potential failure.
Prototype tires accurately detected all failures and could also tell the location of the problems. An unbiased organization tested the Life Sensing Tire. They said, "This product far exceeds our expectations in sensitivity of predicting tire failures". This test showed that the sensors would predict failures at least 100 miles before they occurred.
| $100 for each | Seeking: Purchase, 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.76.021010.001 |
Page 1 of 5 |
Date Posted: 2010-02-26 |
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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 |
191,000,000 |
30% |
|
| Revenue per First Purchase |
$100.00 |
30% |
|
| % 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 |
15% |
10% |
|
| Producer Profit (EBITD) |
15% |
10% |
|
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
this technology has had 24 successful prototype devices made with the results achieving more than what was expected. |
| Cost to First Sale (remaining) |
$10k-$100k |
60% |
This technology adds minimal cost to a tire (approximately $5-10) |
| Time to First Sale (remaining) |
6 mos-1 yr |
50% |
9 months |
| Confidence in Concept Claims made in description |
60% |
All claims made in the concept are based on prototype performance. |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
Patents have been filed in USA, Europe, Japan, South Korea & China and several have received a first office action. |
| 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.76.021010.001 |
Page 2 of 5 |
Date Posted: 2010-02-26 |
| ©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 |
$5 M |
Current GOAL |
$20 M |
Purdue faculty inventor with graduate students analyzing life sensing tire. |
|
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 |
$15 |
$2.1 M |
$10.2 M |
| Low Support |
$25.2 M |
$53.3 M |
$94.9 M |
| Medium Support |
$213.9 M |
$356.8 M |
$543.0 M |
| High Support |
$570.7 M |
$964.8 M |
$1.5 B |
| Ultra High |
$1.1 B |
$1.8 B |
$2.6 B |
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 |
$20 |
$2.8 M |
$13.8 M |
| Low Support |
$34.9 M |
$72.3 M |
$129.7 M |
| Medium Support |
$293.1 M |
$492.2 M |
$740.1 M |
| High Support |
$789.2 M |
$1.3 B |
$2.0 B |
| Ultra High |
$1.5 B |
$2.4 B |
$3.6 B |
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 |
$20 |
$2.8 M |
$13.9 M |
| Low Support |
$34.8 M |
$72.6 M |
$129.8 M |
| Medium Support |
$292.6 M |
$492.5 M |
$741.3 M |
| High Support |
$788.8 M |
$1.3 B |
$2.0 B |
| Ultra High |
$1.5 B |
$2.4 B |
$3.6 B |
|
| Listing #: USA.76.021010.001 |
Page 3 of 5 |
Date Posted: 2010-02-26 |
| ©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 |
1.2% |
2.3% |
3.5% |
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 |
$24,000 |
$70,000 |
$150,000 |
$210,000 |
| Low Support |
$390,000 |
$940,000 |
$1.7 M |
$2.8 M |
| Medium Support |
$2.9 M |
$6.3 M |
$10.5 M |
$18.8 M |
| High Support |
$8.2 M |
$16.8 M |
$28.1 M |
$50.3 M |
| Ultra High Support |
$15.0 M |
$30.3 M |
$51.5 M |
$90.8 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% |
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 |
| 32621 - Tire Manufacturing |
| |
| |
| |
| |
|
| Patent Numbers that apply to this Product/Service |
| US2007/0131035 |
| EP/06 785325.9 |
| JP/2008-518378 |
| KR/10-2008-7001624 |
| CN/200680022345.0 |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
5 |
| GRANTED Patents |
4 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
|
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.76.021010.001 |
Page 4 of 5 |
Date Posted: 2010-02-26 |
| ©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 |
$2 |
$330,000 |
$1.6 M |
| Low Support |
$4.0 M |
$8.4 M |
$15.0 M |
| Medium Support |
$33.9 M |
$56.6 M |
$86.1 M |
| High Support |
$90.5 M |
$152.9 M |
$230.4 M |
| Ultra High |
$170.1 M |
$278.7 M |
$417.3 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 |
$4 |
$590,000 |
$2.9 M |
| Low Support |
$7.1 M |
$15.0 M |
$26.7 M |
| Medium Support |
$60.1 M |
$100.3 M |
$152.7 M |
| High Support |
$160.5 M |
$271.3 M |
$408.8 M |
| Ultra High |
$301.8 M |
$494.5 M |
$740.3 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.76.021010.001 |
Page 5 of 5 |
Date Posted: 2010-02-26 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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