|
|
LGX High Temperature Wireless Sensor high temperature sensor for engines There are currently no reviews for this Innovation.
| LGX High Temperature Wireless Sensor
high temperature sensor for engines |
|
1000 degree C tolerant temperature, pressure or strain non powered wireless sensors capable of mounting to a turbine engine blade |
 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 |
$80 |
$510 |
2 of 5
Successful Prototypes
|
5 of 5
Granted Patent Claims
|
42 29 is
Average
|
| Low Support |
$1,100 |
$2,500 |
$4,900 |
| Medium Support |
$9,800 |
$17,000 |
$30,000 |
| High Support |
$26,000 |
$47,000 |
$80,000 |
Remaining Time & Cost to First Sale |
| Ultra High |
$50,000 |
$88,000 |
$150,000 |
1-2 yrs
|
$100k-$1M
|
LGX High Temperature Wireless Sensor
- high temperature sensor for engines
Final Decision Maker: Turbine engine testers
The technology proposed solves the problem in turbine testing of obtaining data from moving, high temperature engine parts. The current system for doing this for aircraft engines takes 3 people 2 weeks to wire at a cost of >$30,000 and lasts only hours before the sensors and wires fail. Our system is a high temperature, robust, wireless sensor, proven in lab testing to last over 8 months without degrading. (This test was only stopped due to the oven being required on another project.). Our sensors are mounted in several hours. Every sensor in our array can be monitored discreetly as opposed to some systems which average inputs of multiple sensors. Data from multiple variables are transmitted and processed by a single system. The system uses Surface Acoustic Wave (SAW) technology combined with a Langasite crystal. This sensor is known as "LGX", and was developed at the University of Maine Orono's Laboratory for Surface Science & Technology (LASST). By varying the crystal structure relative to the SAW piezoelectric transmitter and receiver set, temperature, pressure strain or vibration may be monitored in the harshest of environments, up to 1000 degrees centigrade (1832 F). This has never been done in a long term application before this sensor was invented. The battery-free wireless communication system and the high strength, stress tolerant bonding technology (patent pending) under development in conjunction with the high temperature endurance of this sensor introduces opportunities across a broad range of applications beyond engine testing, such as new practices in Condition Based Maintenance for aviation turbines and major industrial systems.
| $25,000 for 1 system with 5 sensors and interrogator system | Seeking: Research, Investment, 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.76.031110.012 |
Page 1 of 5 |
Date Posted: 2010-03-26 |
|
| ©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 |
50% |
There are 50 test facilities in the US and this is an export controlled technology.
|
| Revenue per First Purchase |
$25,000.00 |
60% |
Simple wired temperature systems for non moving parts are $4000+install for aircraft. These systems enable data that no wired system can provide on a long term basis |
| % that will Repeat |
75% |
60% |
turbine test facilities test 2-10 engines per year, thus if they re use the wireless interrogator they will still need to buy new sensors to adhere to the rotating eng. components |
| Number of Annual Repeats |
4 |
60% |
Numbers of engines tested- each engine will require a new sensor set |
| Revenue per Repeat Purchase |
$15,000.00 |
60% |
Sensors constitute the majority of the system cost. |
| Reseller (Trade) Margin |
30% |
50% |
Industry averages |
| Producer Profit (EBITD) |
15% |
50% |
Known contract senosr mfg costs |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
Sensors have been tested for continuous operation at high temp not previously attained (850 C). Adhesion tech for turbine blades complete. Wireless system not complete. |
| Cost to First Sale (remaining) |
$100k-$1M |
60% |
Range of guess inspires confidence since most od development is already grant funded. |
| Time to First Sale (remaining) |
1-2 yrs |
60% |
Time table for grant funded projects will drive technology readiness for first sales within estimated time frame |
| Confidence in Concept Claims made in description |
60% |
Testing of the sensor at actual working temperatures has been completed, including in turbine engines; the wireless technology has been tested in lab environments. |
Proprietary
Protection Status |
5 of 5
Granted Patent Claims
|
Composition and order of metallic films and orientation to substrate crystal lattice are issued claims. This is the core technology that prevents sensor degradation at high temps. |
| 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.76.031110.012 |
Page 2 of 5 |
Date Posted: 2010-03-26 |
| ©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 |
$0.8 M |
Current GOAL |
$1.8 M |
Prototype sensor compared to US Penny |
Inventor(s) Commentary:
Though this assessment focuses on turbine engine testing, applications of this technology range across many opportunity sectors including large reciprocating engines, industrial gearboxes, high temperature manufaturing peocesses and the equipment which preforms these processes. |
|
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 |
$80 |
$510 |
| Low Support |
$1,100 |
$2,500 |
$4,900 |
| Medium Support |
$9,800 |
$17,000 |
$30,000 |
| High Support |
$26,000 |
$47,000 |
$80,000 |
| Ultra High |
$50,000 |
$88,000 |
$150,000 |
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 |
$120 |
$760 |
| Low Support |
$1,600 |
$3,700 |
$7,300 |
| Medium Support |
$15,000 |
$26,000 |
$44,000 |
| High Support |
$41,000 |
$70,000 |
$120,000 |
| Ultra High |
$77,000 |
$130,000 |
$220,000 |
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 |
$120 |
$840 |
| Low Support |
$1,600 |
$3,900 |
$8,500 |
| Medium Support |
$14,000 |
$28,000 |
$52,000 |
| High Support |
$39,000 |
$76,000 |
$140,000 |
| Ultra High |
$74,000 |
$140,000 |
$260,000 |
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 |
$180 |
$1,300 |
| Low Support |
$2,500 |
$6,000 |
$13,000 |
| Medium Support |
$22,000 |
$41,000 |
$77,000 |
| High Support |
$60,000 |
$120,000 |
$210,000 |
| Ultra High |
$110,000 |
$220,000 |
$380,000 |
|
| Listing #: USA.76.031110.012 |
Page 3 of 5 |
Date Posted: 2010-03-26 |
| ©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 |
1.9% |
2.6% |
3.4% |
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 |
$1 |
$3 |
$6 |
$10 |
| Low Support |
$20 |
$44 |
$74 |
$130 |
| Medium Support |
$150 |
$300 |
$470 |
$890 |
| High Support |
$420 |
$820 |
$1,300 |
$2,400 |
| Ultra High Support |
$790 |
$1,500 |
$2,400 |
$4,500 |
| 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 |
| 33361 - Engine, Turbine, and Power Transmission Equipment... |
| 33399 - All Other General Purpose Machinery Manufacturing |
| 33441 - Semiconductor and Other Electronic Component Manu... |
| 33451 - Navigational, Measuring, Electromedical, and Cont... |
| 33641 - Aerospace Product and Parts Manufacturing |
|
| Patent Numbers that apply to this Product/Service |
| 11/891,081 |
| 61/312,471 |
| 61/311,968 |
| 7053522 |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
40 |
| GRANTED Patents |
2 |
| Licensing Deals SIGNED |
1 |
| 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.76.031110.012 |
Page 4 of 5 |
Date Posted: 2010-03-26 |
| ©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 |
$0 |
$13 |
$81 |
| Low Support |
$170 |
$390 |
$770 |
| Medium Support |
$1,500 |
$2,700 |
$4,700 |
| High Support |
$4,200 |
$7,400 |
$13,000 |
| Ultra High |
$8,000 |
$14,000 |
$24,000 |
 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 |
$23 |
$140 |
| Low Support |
$300 |
$690 |
$1,400 |
| Medium Support |
$2,700 |
$4,800 |
$8,400 |
| High Support |
$7,400 |
$13,000 |
$22,000 |
| Ultra High |
$14,000 |
$25,000 |
$42,000 |
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.76.031110.012 |
Page 5 of 5 |
Date Posted: 2010-03-26 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
