Engineers have the skills to design and fix all parts of the Solar Chill, concentrators based off MIT design (Pay patent rights) however completely manufactured in our facilitiesSolar Aid is a British based organization that teaches entrepreneurs to start their own solar energy businessesGlobal Cool is a marketing organization that promotes green living at charity and high profile events
The idea came from the desire to find a cost effective way to utilize renewable energy sources in an effort to provide an innovative solution to the world’s energy crisis. The product measures 40 inches in length, 20 inches in width and 30 inches in height. Has the cubic area of 24 quarts. A single solar cell with the attached concentrators sits on top which channels the collected light energy into a silicon semiconductor device which then transforms the solar energy into electricity. This technology was invented by researchers at MIT but since our engineers are designing all parts of our product we only have to pay patent rights.
The sun’s rays carry photons which are absorbed into the solar panel. The electrons are excited which produces an electric current. Our technology uses small layers of different colored plastics which dyes the light thus condensing all the energy making it a more efficient method of producing electrical energy.
Wanted to keep a basic cooler design with the addition of the solar panel and concentrator on top.
The solar chill
The Solar Chill<br />CEO: Owen Carson<br />COO: Steve Gazouleas<br />CFO: Casey Wilbanks<br />Wave Industries<br />
Mission Statements<br />To extend access of renewable energy and innovative technology across the globe.<br />Providing energy products that are vital to improving society's quality of life.<br />Being known as a company with superior capabilities and commitment to creating strong customer relationships.<br />
Strategy Development<br />Market Niche: Suburbs ( abundant sunlight)<br />Target Market: Young adult – Seniors<br />Competitors: Cheaper, more efficient energy usage<br />Break-even timeline: December, 3rd year<br />
Strategy Development cont.<br />Dissatisfiers: Easy transportation (wheels, handles), <br />Satisfiers: Rechargeable battery, 3 pronged adaptor, Temperature control<br />Order Winners: iPhone Application, lifetime warranty on the solar cell<br />
Core Competencies<br />Engineering Department<br />Complete control on the design process<br />Concentrators manufactured in our facilities<br />Unrestricted Market Possibilities<br />Suburban middle-class consumers<br />Mobile medical providers<br />Aid organizations<br />
Business Strategies<br />Cost: Less parts needed<br />Quality: More efficient than previous technologies.<br />Innovation: The first product that uses the new solar concentration method <br />
Plastic body</li></li></ul><li>Rubbermaid<br /><ul><li>Linear Regression Formula-Y=200,960,000x+5,671,860,000</li></li></ul><li>Rubbermaid- 5 Year Forecast of Sales <br />Wave Industries-5 Year Forecast at 0.005% of Rubbermaid’s Forecasted Sales<br />
WAVE Industries-MAD and Tracking Signal<br /><ul><li>Mean Absolute Deviation- 3575.4