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Score IP update

Score IP update. Paul H. Riley Score Project Director. WP8 highlights. Inventor assignment agreement now signed Telecon meeting with IP committee 1 Dec 09 Discuss setting up new Score entity Patent cover and IP assignment costs Review Viveik’s (PTS) proposal for trading entity in HK

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Score IP update

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  1. Score IP update Paul H. Riley Score Project Director

  2. WP8 highlights • Inventor assignment agreement now signed • Telecon meeting with IP committee 1 Dec 09 • Discuss setting up new Score entity • Patent cover and IP assignment costs • Review Viveik’s (PTS) proposal for trading entity in HK • Three collaboration agreements signed, Mark Loweth, Dai-Ichi and PTS motors • Proposed £20k funds from PTS and GTZ (SA) • Cost reduction underway at Dai-ichi • Good start but some “treacle” with PTS • Two Patents: • Heat exchanger manufacturing • Linear Alternator (all Notts inventions) • New Radiant Heat exchanger patent application, Nott and one claim from City.

  3. Commercial requirements • Need to • ensure impact in developing country • motivate developing country • protect from corruption etc. • make profit in developed world • Investors need return • how to ensure only from developed world? • Low central management overhead • Simple rules, easy to maintain, difficult to breach • Policing • Prevent low cost bypass • IP protection • Incentive to drive down costs • Competitive element

  4. Score Commercial Entity Developing country Kit of parts + subsidy +plans • Employees • minimise number • going rate salary Score trading entity Orders. Std pricing • Suppliers • Open book accounts • Protect investment/ with competition Non profit Web based trading and financial control. Open book Profit Developed country Finished goodsor kit of parts • Shareholders • minimal number • holding ∞ investment • return to Universities • License

  5. Supply Chain • Design authority with Score team until 2012 • Manufacturing Engineering with Dai-ichi and possibly PTS motors for short term • Trading entity as central place to take orders, it then organises delivery of parts. • Deliver through • Local Universities • NGO’s • Local Distributors • Large corporations

  6. Phases • Testing • 2010, Funding required £350k (about 50k raised so far) • £150k for 150 off prototypes, • Target unit price is £1k with £800 cost • £200/ unit returned to cover central costs (Patents etc.) • £150k to retain key staff over 1- 2 years • £50k for travel, manufacturing evaluations, tooling etc. • Cost reduction and roll out • 2011 - 2012, Funding required £3M (to cover 5 years) • £500k capital costs (tooling etc) • £1M to retain key staff for 5 years • £250k central costs (Patents, Lawyer, accountants etc) • £250k manufacturing trials • £750k initial production manufacture • £250K marketing etc. • Income generation starts in this phase • Volume Manufacture • After 2013 income builds to > £10M pa • Funded by a mixture • micro-finance (income from target households) • International development agency subsidy for very poor regions • Profit from sales to developed countries • Rate of penetration (developing) depends on manufacturing cost and amount of subsidy • At £60 per unit, total market = £300M (excluding subsidies) to 14m Households • At £20 per unit, total market = £30B to 500M households • Developed country market not yet determined

  7. Entity questions • Location, HK. UK? • Management make up, PHR, Viveik Saigal, Pablo? • Investment protection • Dai-ichi exclusivity for a period • PTS motors exclusivity for a period • Company control • Make up of shares and shareholding • Shares proportioned to investment? Initially value Score at £2M? (research grant total) • Possible JV with University having minority share • Controlled by PHR

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