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Self Calibrating multi tank level sensor self calibrating level sensor for liquid tank installers There are currently no reviews for this Innovation.
| Self Calibrating multi tank level sensor
self calibrating level sensor for liquid tank installers |
|
This is the first sensor that can self calibrate to measure level in different size tanks saving you time and money. |
 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 |
$230 |
$2,100 |
2 of 5
Successful Prototypes
|
0 of 5
No known protection
|
37 29 is
Average
|
| Low Support |
$3,200 |
$9,600 |
$24,000 |
| Medium Support |
$28,000 |
$71,000 |
$150,000 |
| High Support |
$80,000 |
$190,000 |
$400,000 |
Remaining Time & Cost to First Sale |
| Ultra High |
$150,000 |
$360,000 |
$730,000 |
< 6 months
|
$10k-$100k
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Self Calibrating multi tank level sensor
- self calibrating level sensor for liquid tank installers
Final Decision Maker: purchasing Manager for Tank installers
This is the first self calibrating liquid level sensor on the market. The Self Calibrating multi tank liquid level sensor saves you time and money. In fact it saves you 90% of installation time, and reduces stockhold and cash outlay by a factor of 5. Tank manufacturers now only need one sensor for their complete range of tanks. No longer do you need to spend hours calibrating each sensor to each tank. Before this new product, this would have been virtually impossible. Following a simple installation you are only required to press one button and off you go. The sensor uses ultasonic technology which allows contactless measurement of the liquid level in the tank. Once installed, the device self calibrates on the push of button, and splits the tank into ten level bands. Then, the sensor is able to gauge and report the liquid level relative to each of these ten bands. Gone are the racks of different sensors. You only now have one stock item. Gentech's 40 years experience of sensor design and manufacture have combined to produce this innovative sensor that sits on top of the tank and measure the level in your tanks. The non contact sensor means there are no moving parts in your tank. These sensors are ideal for liquid tanks installers with multi tanks sizes such as Promens and Donaldson.
| $75 for 1 | Seeking: Distribution |
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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.76.052410.002 |
Page 1 of 4 |
Date Posted: 2010-05-24 |
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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 |
300 |
20% |
This is very much a guess.
|
| Revenue per First Purchase |
$3,750.00 |
50% |
Based on 10,50 or 100 units. This is also based on past experience of customers buying our new products. |
| % that will Repeat |
70% |
50% |
Guess, estimate. |
| Number of Annual Repeats |
4 |
60% |
Typical buying patterns of our customers |
| Revenue per Repeat Purchase |
$7,500.00 |
50% |
Most customers buy more in their second order. |
| Reseller (Trade) Margin |
10% |
50% |
Based on experience |
| Producer Profit (EBITD) |
25% |
20% |
Not very confident |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
Prototype tested by customer |
| Cost to First Sale (remaining) |
$10k-$100k |
50% |
Sales price based on customer target pricing
Cost estimate based on known bill of materials and labour cost based on experience in this field. |
| Time to First Sale (remaining) |
< 6 months |
50% |
Design has been finalised, Production tool will take 12 weeks. Product can be available within 4 months. |
| Confidence in Concept Claims made in description |
60% |
The SENSOR HAS BEEN TESTED BY A POTENTAIL CUSTOMER. |
Proprietary
Protection Status |
0 of 5
No known protection
|
|
| 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.76.052410.002 |
Page 2 of 4 |
Date Posted: 2010-05-24 |
| ©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 |
$75,000 |
Current GOAL |
$0.3 M |
Gentech's self calibrating multi tank level sensor |
Inventor(s) Commentary:
Dont buy five buy One.
Gentech's new sensor will be offered to the marine and coach industries as well as the brown water handling industry.The non contact method of level measurement is perfect for the dirty water tanks as no access is required into the tank.
The self calibration offers fantastic benefits to the installers as they save time in calibration and save money in keeping only one model in stock. |
|
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 |
$230 |
$2,100 |
| Low Support |
$3,200 |
$9,600 |
$24,000 |
| Medium Support |
$28,000 |
$71,000 |
$150,000 |
| High Support |
$80,000 |
$190,000 |
$400,000 |
| Ultra High |
$150,000 |
$360,000 |
$730,000 |
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 |
$360 |
$3,300 |
| Low Support |
$4,900 |
$15,000 |
$36,000 |
| Medium Support |
$44,000 |
$110,000 |
$230,000 |
| High Support |
$120,000 |
$300,000 |
$620,000 |
| Ultra High |
$230,000 |
$560,000 |
$1.1 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 |
$0 |
$410 |
$3,900 |
| Low Support |
$5,600 |
$17,000 |
$43,000 |
| Medium Support |
$48,000 |
$130,000 |
$280,000 |
| High Support |
$130,000 |
$350,000 |
$750,000 |
| Ultra High |
$250,000 |
$650,000 |
$1.4 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 |
$620 |
$5,800 |
| Low Support |
$8,600 |
$26,000 |
$68,000 |
| Medium Support |
$74,000 |
$200,000 |
$440,000 |
| High Support |
$210,000 |
$540,000 |
$1.2 M |
| Ultra High |
$380,000 |
$1.0 M |
$2.2 M |
|
| Listing #: USA.76.052410.002 |
Page 3 of 4 |
Date Posted: 2010-05-24 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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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% |
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 |
$4 |
$13 |
$26 |
$38 |
| Low Support |
$71 |
$190 |
$360 |
$560 |
| Medium Support |
$520 |
$1,300 |
$2,400 |
$3,800 |
| High Support |
$1,400 |
$3,400 |
$6,300 |
$10,000 |
| Ultra High Support |
$2,600 |
$6,400 |
$12,000 |
$19,000 |
| 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% |
% |
| 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 |
| 22132 - Sewage Treatment Facilities |
| 48311 - Deep Sea, Coastal, and Great Lakes Water Transpor... |
| 48721 - Scenic and Sightseeing Transportation, Water |
| 56211 - Waste Collection |
| 71393 - Marinas |
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| Patent Numbers that apply to this Product/Service |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
41 |
| GRANTED Patents |
6 |
| Licensing Deals SIGNED |
15 |
| Innovations that have SHIPPED |
15 |
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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.76.052410.002 |
Page 4 of 4 |
Date Posted: 2010-05-24 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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