Revolutionary Concepts, Inc. Estimates Revenues Generate From Licensing Fees
September 06 2013 - 10:00AM
Revolutionary Concepts, Inc. (OTCBB:REVO)
(www.revolutionaryconceptsinc.com), a company focused on the design
and development of intellectual property (IP) rights, and trade
names such as Eye Talk Communicator discussed the marketability of
the patent portfolio and estimations of licensing fees.
Revolutionary Concepts Inc.'s CEO Ron Carter stated, "In 2010
there were approximately 111,000,000 homes in the U.S. with
approximately 16% (18,000,000) having an alarm system, according to
US census data. Varying security industry associations estimate
30+% of these homes with alarm systems using some form of video
with wireless monitoring. This presents approximately 5,400,000
homes with some form of this technology in 2010.
"Today product offerings have expanded by over 400% from what
was available in 2010, with end solution providers expanding market
exposure by extraordinary factors resulting in almost every home,
with cable or a premium cell phone account, being solicited for
home video wireless security. The homes currently using wireless
video technology can be estimated at 10,000,000 to 12,500,000 with
service revenue currently generated by these homes estimated at
$290,000,000 per month. A conservative estimate would consider
approximately 50% of this market highly likely to employ a solution
with some form of the patent portfolio in use.
- Estimated licensing fees at $0.75 per household would yield
$3,750,000 per month, $45,000,000 annually with a 90+% market
saturation.
"While these saturation levels would not be achieved
immediately, the numbers will grow exponentially over the next 5
years as the economy improves, hardware solutions become more
economical, and additional third parties offer more end user
solutions. We continue to be doubly excited because these numbers
do not reflect commercial and governmental applications that may
well exceed the residential application estimates and the revenue
generated from them."
About Revolutionary Concepts, Inc.
Revolutionary Concepts, Inc. is a development stage company
focused on the design and development of intellectual property (IP)
rights, and trade names such as Eye Talk Communicator. We currently
have 7 patents registered with the USPTO, with others pending. Our
first 7 patents that have been awarded are related to an entry
management system and give users the ability to remotely and
interactively monitor via two-way communication and control an IP
camera while using a personal communication device. Additional uses
our IP include are medical applications and infant care technology.
Revolutionary Concepts Inc. is headquartered in Charlotte, NC with
consultants located throughout the United
States. www.revolutionaryconceptsinc.com
Safe Harbor Statement - There are matters
discussed in this media information that are forward looking
statements within the meaning of Rule 175 under the Securities Act
of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934,
and are subject to the safe harbor created by those rules. Such
statements are only forecasts and actual events or results may
differ materially from those discussed. For a discussion of
important factors which could cause actual results to differ from
the forward looking statements, refer to Revolutionary Concepts,
Inc.'s most recent annual report and accounts and other SEC
filings. The company undertakes no obligation to update publicly,
or revise, forward looking statements, whether as a result of
new information, future events or otherwise, except to the extent
legally required.
CONTACT: Revolutionary Concepts
info@revolutionaryconceptsinc.com
Phone: (980)225.5376
Phone: (704)837.5705 Solomon Ali
www.revolutionaryconceptsinc.com