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Low Emission Polymer Resins for Composite Materials Cleaner polymer resins for composite manufacturers There are currently no reviews for this Innovation.
| Low Emission Polymer Resins for Composite Materials
Cleaner polymer resins for composite manufacturers |
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Reduced styrene content and lower hazardous emissions in polymer resins by substituting a bio-based, renewable material. |
 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 |
$1,300 |
$13,000 |
2 of 5
Successful Prototypes
|
5 of 5
Granted Patent Claims
|
24 29 is
Average
|
| Low Support |
$17,000 |
$58,000 |
$150,000 |
| Medium Support |
$150,000 |
$420,000 |
$950,000 |
| High Support |
$410,000 |
$1.2 M |
$2.6 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$760,000 |
$2.2 M |
$4.7 M |
1-2 yrs
|
$1M-$10M
|
Low Emission Polymer Resins for Composite Materials
- Cleaner polymer resins for composite manufacturers
Final Decision Maker: Composite products manufacturers
Drexel University and the US Army seek to commercialize through patent licensing three technologies for reducing VOCs and HAPs in polymer resins. Background and Technology: Styrene is a solvent in the manufacture of plastics and composites and is also classified as a hazardous air pollutant (HAP) and volatile organic compound (VOC). Although the composites industry consumes only 9% of the world's styrene, it accounts for 79% of styrene emissions, largely due to its use as a diluent in resins for molding, shaping, extruding, etc. To address this problem, Drexel University and the Army Research Laboratory have developed and patented 3 technologies that enable the manufacture of resins for composites and for resin repairs that reduce the use of styrene and consequent VOC and HAP emissions. The first technology employs fatty acid monomers as a substitute for styrene in composite resins like vinyl ester, without compromising key performance characteristics. The second technology substitutes fatty acid monomers for styrene in unsaturated polyester and vinyl ester repair resins, while maintaining repair performance. The third technology enables reduction of styrene content in vinyl ester resins while increasing fracture toughness by combining vinyl ester monomers of different molecular weights. These technologies have been reduced to practice and tested at the Army Research Laboratory. Benefits: Clean: reduces VOCs/HAPs up to 70% compared to commercial resins Comparable: performance properties similar to or better than commercial resins Appropriate: for use in various manufacturing processes, including VARTM, SCRIMP, SMC. Economical: production costs based on these resins are similar to present commercial technologies Green: two of the three technologies are based on fatty acid monomers derived from plantsStatus and opportunity: Available for license and commercialization: One issued US patent (7,449,525), one published US patent (2005/0250923), two unpublished US patents, and one PCT (US2005/016005) Numerous peer-reviewed articles and an extensive Strategic Environmental Research and Development Program (SERDP) report available Potential for R&D collaboration with Army researchers
| $2.60 for 1 pound of composite resin | Seeking: Purchase |
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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.76.030909.010 |
Page 1 of 5 |
Date Posted: 2009-03-09 |
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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 |
2,000 |
50% |
American Composite Manufacturers Association
|
| Revenue per First Purchase |
$40,000.00 |
30% |
|
| % that will Repeat |
75% |
30% |
|
| Number of Annual Repeats |
1 |
30% |
|
| Revenue per Repeat Purchase |
$83,000.00 |
30% |
|
| Reseller (Trade) Margin |
N/A |
N/A |
|
| Producer Profit (EBITD) |
5% |
40% |
Various industry estimated averages (Google finance, Eureka Ranch industry figures) |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
Material characteristics and performance established with small-scale production. VOC emissions reduced 50-80%. Large-scale production costs estimated. |
| Cost to First Sale (remaining) |
$1M-$10M |
30% |
|
| Time to First Sale (remaining) |
1-2 yrs |
30% |
|
| Confidence in Concept Claims made in description |
60% |
Extensive material characterization and performance data available in published reports and juried scientific journals. |
Proprietary
Protection Status |
5 of 5
Granted Patent Claims
|
Published patent app '923 has been allowed but not yet issued. Patent application '326 pending. Bother derived from provision app '379. |
| 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.76.030909.010 |
Page 2 of 5 |
Date Posted: 2009-03-09 |
| ©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
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| Inventor(s) Sales Goals |
| Minimum Goal |
$10 M |
Current GOAL |
$33 M |
Inventor(s) Commentary:
The development of fatty acid monomers has allowed for the reduction of styrene HAP content in composite resins from ~45 wt% to 20-25 wt%. These resins are currently being demonstrated/validated for DoD use in composite replacement parts for Army tactical vehicles, including HMMWV hoods, Marines HMMWV helmet hardtop, an Air Force T-38 dorsal cover, and an MCM composite rudder for the Navy. Lastly, composite repair resins used for automotive and other repair applications have been developed. |
|
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 |
$1,300 |
$13,000 |
| Low Support |
$17,000 |
$58,000 |
$150,000 |
| Medium Support |
$150,000 |
$420,000 |
$950,000 |
| High Support |
$410,000 |
$1.2 M |
$2.6 M |
| Ultra High |
$760,000 |
$2.2 M |
$4.7 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 |
$11,000 |
$74,000 |
| Low Support |
$140,000 |
$340,000 |
$730,000 |
| Medium Support |
$1.2 M |
$2.4 M |
$4.4 M |
| High Support |
$3.4 M |
$6.7 M |
$12.0 M |
| Ultra High |
$6.3 M |
$12.3 M |
$22.2 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 |
$2,000 |
$20,000 |
| Low Support |
$26,000 |
$91,000 |
$250,000 |
| Medium Support |
$220,000 |
$640,000 |
$1.6 M |
| High Support |
$600,000 |
$1.8 M |
$4.2 M |
| Ultra High |
$1.1 M |
$3.3 M |
$8.0 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 |
$17,000 |
$120,000 |
| Low Support |
$210,000 |
$550,000 |
$1.2 M |
| Medium Support |
$1.8 M |
$3.8 M |
$7.5 M |
| High Support |
$4.8 M |
$10.2 M |
$20.3 M |
| Ultra High |
$9.2 M |
$19.1 M |
$37.7 M |
|
| Listing #: USA.76.030909.010 |
Page 3 of 5 |
Date Posted: 2009-03-09 |
| ©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 |
0.7% |
0.8% |
1% |
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 |
$14 |
$38 |
$70 |
$110 |
| Low Support |
$250 |
$570 |
$1,000 |
$1,700 |
| Medium Support |
$1,700 |
$3,800 |
$6,400 |
$11,000 |
| High Support |
$4,800 |
$10,000 |
$17,000 |
$31,000 |
| Ultra High Support |
$9,000 |
$20,000 |
$32,000 |
$59,000 |
| 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 |
| 32619 - Other Plastics Product Manufacturing |
| 32613 - Laminated Plastics Plate, Sheet (except Packaging... |
| |
| |
| |
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| Patent Numbers that apply to this Product/Service |
| 2005/0250923 |
| 12/188,326 |
| 60/569,379 |
| |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
50 |
| GRANTED Patents |
5 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
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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.76.030909.010 |
Page 4 of 5 |
Date Posted: 2009-03-09 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Forecasts for Other Countries
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 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 |
$210 |
$2,100 |
| Low Support |
$2,700 |
$9,200 |
$24,000 |
| Medium Support |
$23,000 |
$66,000 |
$150,000 |
| High Support |
$65,000 |
$180,000 |
$410,000 |
| Ultra High |
$120,000 |
$340,000 |
$750,000 |
 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 |
$370 |
$3,700 |
| Low Support |
$4,900 |
$16,000 |
$43,000 |
| Medium Support |
$41,000 |
$120,000 |
$270,000 |
| High Support |
$120,000 |
$320,000 |
$720,000 |
| Ultra High |
$210,000 |
$610,000 |
$1.3 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.76.030909.010 |
Page 5 of 5 |
Date Posted: 2009-03-09 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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