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Digital Radio Device for Measuring Distance for Child Tracking (ID 45532) Accurate Distance Measuring Device for Child Tracking Systems There are currently no reviews for this Innovation.
| Digital Radio Device for Measuring Distance for Child Tracking (ID 45532)
Accurate Distance Measuring Device for Child Tracking Systems |
|
A small and inexpensive radio device for measuring distance that can be used for child tracking |
 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 |
$88,000 |
$690,000 |
2 of 5
Successful Prototypes
|
2 of 5
Patent Pending
|
45 29 is
Average
|
| Low Support |
$1.1 M |
$3.2 M |
$7.4 M |
| Medium Support |
$9.8 M |
$23.1 M |
$45.7 M |
| High Support |
$27.2 M |
$62.2 M |
$121.0 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$50.7 M |
$118.8 M |
$230.6 M |
Unknown
|
Unknown
|
Digital Radio Device for Measuring Distance for Child Tracking (ID 45532)
- Accurate Distance Measuring Device for Child Tracking Systems
Final Decision Maker: Parents, Amusement Parks
Introducing the Range Trainer, a small and inexpensive radio device for measuring distance that can be used for child tracking. This technology can be used to pinpoint where a child is to within a foot, even in a crowded venue. Distance measurement using analog signals is well known. The patent pending method of the Range Trainer uses mathematical correlation of a digitally coded signal. Analog systems require excessive radio frequency (RF) bandwidth. This poses two problems: high-speed electronic devices draw excessive power, and electromagnetic compliance is difficult. Analog systems are also limited by a very short range. Range Trainer is an inexpensive solution compared to current tracking systems largely because of its lower power requirements. All components are readily available, compact, and low-cost commercial technologies. The digital coding of the Range Trainer is similar to GPS, but unlike GPS which uses satellites that are 12,000 miles away, the Range Trainer is a very low power solution. The device is also programmed to enter sleep-mode, further reducing power consumption. As a result, Range Trainer has an expected battery life of months! The Range Trainer has shown the capability to measure accurately to within plus or minus 1 foot, within a range of up to 1000 ft. Optimized math routines compare the two waveforms and extract the relative distance between any two transponders. This design uses a frequency range compliant with FCC regulations. The digital coding technique enables this device to work in the presence of trees, buildings, and general obstructions to line of sight operation. One possible application could be in a theme park or other crowded venue. Children would be given a wrist band to be tracked by the park. In the event a child is separated from a parent, their location can be pinpointed to within a couple feet. An emergency button on the child's wrist band would alert the parent if pushed. The wrist bands would be serialized and individually assigned to guests.
| $50 for One pair of transponder devices | Seeking: Research, 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.76.051910.016 |
Page 1 of 4 |
Date Posted: 2010-05-19 |
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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 |
15,000,000 |
30% |
According to the US Census Bureau there are over 50 million children between the ages of 5 and 17. Estimating there are about 30 mil parents and half would be interested
|
| Revenue per First Purchase |
$75.00 |
30% |
Estimating that parents who do purchase these devices will purchase between 1 and 2 devices for their children. |
| % that will Repeat |
2% |
30% |
Some amusement parks may wish to purchase additional units to rent out to parents. |
| Number of Annual Repeats |
1 |
30% |
Most repeat purchases from amusement parks will be fulfilled with one additional purchase. |
| Revenue per Repeat Purchase |
$1,000.00 |
30% |
Estimating that amusement parks will purchase an average of 20 additional units |
| Reseller (Trade) Margin |
40% |
30% |
Based on average reseller profit margins seen by specialty retailers and convenience stores |
| Producer Profit (EBITD) |
14% |
30% |
Based on the average net profit margin seen by companies in similar industries. |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
Proof of concept has been demonstrated. |
| Cost to First Sale (remaining) |
Unknown |
60% |
Cost to first sale are currently unavailable. |
| Time to First Sale (remaining) |
Unknown |
60% |
Time to first sale is currently unknown. |
| Confidence in Concept Claims made in description |
60% |
Proof of concept has been demonstrated. Test results are available upon request. |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
Patent pending with notice of allowance |
| 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.76.051910.016 |
Page 2 of 4 |
Date Posted: 2010-05-19 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Inventor Commentary & Alternative Development Scenarios
|
|
| Inventor(s) Sales Goals |
| Minimum Goal |
$- |
Current GOAL |
$- |
The distance measuring device can be used in a child tracking system to accurately locate a lost child. |
Inventor(s) Commentary:
NOTE: This innovation is represented by www.yet2.com 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 |
$88,000 |
$690,000 |
| Low Support |
$1.1 M |
$3.2 M |
$7.4 M |
| Medium Support |
$9.8 M |
$23.1 M |
$45.7 M |
| High Support |
$27.2 M |
$62.2 M |
$121.0 M |
| Ultra High |
$50.7 M |
$118.8 M |
$230.6 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 |
$130,000 |
$1.0 M |
| Low Support |
$1.7 M |
$4.6 M |
$10.6 M |
| Medium Support |
$14.2 M |
$33.8 M |
$66.0 M |
| High Support |
$40.0 M |
$91.7 M |
$176.0 M |
| Ultra High |
$74.8 M |
$175.0 M |
$332.1 M |
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 |
$1 |
$110,000 |
$910,000 |
| Low Support |
$1.4 M |
$4.1 M |
$10.0 M |
| Medium Support |
$12.4 M |
$29.6 M |
$63.2 M |
| High Support |
$32.4 M |
$79.2 M |
$167.0 M |
| Ultra High |
$63.0 M |
$153.3 M |
$317.2 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 |
$2 |
$160,000 |
$1.4 M |
| Low Support |
$2.1 M |
$5.9 M |
$14.4 M |
| Medium Support |
$17.5 M |
$42.8 M |
$91.8 M |
| High Support |
$49.7 M |
$116.6 M |
$238.7 M |
| Ultra High |
$93.5 M |
$221.8 M |
$451.0 M |
|
| Listing #: USA.76.051910.016 |
Page 3 of 4 |
Date Posted: 2010-05-19 |
| ©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 |
1.6% |
2% |
2.5% |
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 |
$1,100 |
$3,000 |
$5,600 |
$8,900 |
| Low Support |
$18,000 |
$41,000 |
$72,000 |
$120,000 |
| Medium Support |
$140,000 |
$280,000 |
$460,000 |
$840,000 |
| High Support |
$360,000 |
$750,000 |
$1.2 M |
$2.2 M |
| Ultra High Support |
$690,000 |
$1.4 M |
$2.4 M |
$4.3 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 |
| 33422 - Radio and Television Broadcasting and Wireless Co... |
| 33599 - All Other Electrical Equipment and Component Manu... |
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| Patent Numbers that apply to this Product/Service |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
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| GRANTED Patents |
|
| Licensing Deals SIGNED |
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| Innovations that have SHIPPED |
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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.76.051910.016 |
Page 4 of 4 |
Date Posted: 2010-05-19 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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