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High Production Suction Head Versatile Suction Head for Many Applications There are currently no reviews for this Innovation.
| High Production Suction Head
Versatile Suction Head for Many Applications |
|
This technology features a uniquely designed suction head that eliminates problems typically experienced in alluvial diamond mining, mud, sewerage pumping or dredging operations. |
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 |
$9,500 |
$62,000 |
5 of 5
Shipping & Selling
|
5 of 5
Granted Patent Claims
|
52 29 is Average
|
| Low Support |
$120,000 |
$320,000 |
$660,000 |
| Medium Support |
$980,000 |
$2.3 M |
$4.0 M |
| High Support |
$2.7 M |
$6.3 M |
$10.7 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$5.0 M |
$11.7 M |
$19.7 M |
< 6 months
|
< $10k
|
High Production Suction Head
- Versatile Suction Head for Many Applications
Final Decision Maker: Alluvial Mining, Mud, Sludge and Sewerage Dredging Companies
This new diamond mining technology completely eliminates the need for divers. This new technology can be operated from the boat, and allows mining to take place during hours when normal diving operations are suspended.
By utilizing this technology, mining companies can avoid many of the problems as well as the overhead costs associated with using divers in this dangerous industry. Currently production time is entirely dependent on divers' requirements. Utilization of this suction head can generate greater tonnage than divers and extraction operations can continue throughout the night. Assuming safe conditions, this technology can mine in one 24 hour period what one skilled diver can mine in a month! Further, with this device you can operate in harsher conditions, effectively increasing the days spent mining per year from approximately 100 to 300 or more. Imagine increasing your output by 30 times or more without investing in new mining ships and while reducing employee related costs.
Divers incur more costs than just their relatively large salaries, they also need to be trained and insured; their equipment is expensive, and requires costly maintenance, and the costs and time involved with decompression processes are substantial. Further, divers are more likely to pilfer diamonds than supervised, shore-based employees. On top of all this, divers can only mine during flat sea conditions during the day when visibility is good, and then only for a few hours at a time. This device can operate in rough conditions, day and night, is not as vulnerable to underwater hazards or hypothermia, and can be placed in such hostile environments as under waterfalls and in strong currents, where divers cannot access.
This device penetrates mud and other conglomerate substances by incorporating jets of high pressure water that cut the mud or clay areas directly in front of the suction head. These lumps of clay and mud are then sucked in and scanned for diamonds. This new technology features high pressure jets inside the suction head. When the device is blocked, these jets can be activated, removing the blockage in front of the grid. This effectively removes any obstacles within seconds, and production can continue as normal.
This patented innovation has been in use since 2005 off the west coast of South Africa.
| $1,500 for One Pump Head | 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.76.042710.004 |
Page 1 of 5 |
Date Posted: 2010-05-03 |
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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 |
6,500 |
10% |
Based on given data for mineral mining.
|
| Revenue per First Purchase |
$15,000.00 |
10% |
Initial purchase based on size of mining operation. |
| % 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 |
N/A |
N/A |
|
| Producer Profit (EBITD) |
15% |
80% |
Based on given data |
| |
| Innovation Status |
|
Development Status |
5 of 5
Shipping & Selling
|
An initial product has been produced in 2005 and is still in operation, a number of improvements to this design has since been identified and incorporated into the current design. |
| Cost to First Sale (remaining) |
< $10k |
90% |
An initial product has been produced and is still in operation on the West coast of Africa. |
| Time to First Sale (remaining) |
< 6 months |
90% |
An initial product has been produced and is still in operation on the West coast of Africa. |
| Confidence in Concept Claims made in description |
70% |
Claims based on actual product being used of the western coast of South Africa. |
Proprietary Protection Status |
5 of 5
Granted Patent Claims
|
This innovation has been patented and PCT search report results indicated that a strong international patent is probable. |
| 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.76.042710.004 |
Page 2 of 5 |
Date Posted: 2010-05-03 |
| ©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 |
$- |
This unique jet nozzle system cuts through clay, mud and previously-unobtainable conglomerated diamond gravel. |
Inventor(s) Commentary: PLEASE VISIT WWW.YET2.COM FOR COMPLETE DESCRIPTION. (ID# 41739) |
|
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 |
$9,500 |
$62,000 |
| Low Support |
$120,000 |
$320,000 |
$660,000 |
| Medium Support |
$980,000 |
$2.3 M |
$4.0 M |
| High Support |
$2.7 M |
$6.3 M |
$10.7 M |
| Ultra High |
$5.0 M |
$11.7 M |
$19.7 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 |
$13,000 |
$86,000 |
| Low Support |
$160,000 |
$450,000 |
$930,000 |
| Medium Support |
$1.4 M |
$3.2 M |
$5.5 M |
| High Support |
$3.8 M |
$8.8 M |
$14.8 M |
| Ultra High |
$7.1 M |
$16.5 M |
$27.4 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 |
$0 |
$13,000 |
$85,000 |
| Low Support |
$160,000 |
$460,000 |
$920,000 |
| Medium Support |
$1.4 M |
$3.2 M |
$5.5 M |
| High Support |
$3.8 M |
$8.9 M |
$14.9 M |
| Ultra High |
$7.1 M |
$16.4 M |
$27.3 M |
|
| Listing #: USA.76.042710.004 |
Page 3 of 5 |
Date Posted: 2010-05-03 |
| ©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 |
2.4% |
3.3% |
4.2% |
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 |
$290 |
$740 |
$1,400 |
$2,200 |
| Low Support |
$4,900 |
$11,000 |
$18,000 |
$33,000 |
| Medium Support |
$36,000 |
$72,000 |
$120,000 |
$220,000 |
| High Support |
$100,000 |
$200,000 |
$320,000 |
$590,000 |
| Ultra High Support |
$190,000 |
$370,000 |
$580,000 |
$1.1 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 |
| 33313 - Mining and Oil and Gas Field Machinery Manufacturing |
| 33329 - Other Industrial Machinery Manufacturing |
| |
| |
| |
|
| Patent Numbers that apply to this Product/Service |
| |
| |
| |
| |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
5 |
| GRANTED Patents |
- |
| 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.
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| Listing #: USA.76.042710.004 |
Page 4 of 5 |
Date Posted: 2010-05-03 |
| ©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 |
$1,500 |
$9,800 |
| Low Support |
$18,000 |
$51,000 |
$100,000 |
| Medium Support |
$150,000 |
$360,000 |
$640,000 |
| High Support |
$430,000 |
$990,000 |
$1.7 M |
| Ultra High |
$790,000 |
$1.8 M |
$3.1 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 |
$2,700 |
$17,000 |
| Low Support |
$32,000 |
$90,000 |
$190,000 |
| Medium Support |
$270,000 |
$640,000 |
$1.1 M |
| High Support |
$760,000 |
$1.8 M |
$3.0 M |
| Ultra High |
$1.4 M |
$3.3 M |
$5.6 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.76.042710.004 |
Page 5 of 5 |
Date Posted: 2010-05-03 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|