2003-05-19|IRAP Application (Business Plan)

Auto-Retractable Pen

Confidential Business Plan

HyperInfo Canada Inc.

Simon Sunatori, P.Eng./ing., M.Eng. (Engineering Physics), F.N.A.

Address

• Internet World-Wide Web Home Page URL
  • http://WWW.HyperInfo.CA/GS.Sunatori/

• Internet E-mail Address
  • mailto:GS.Sunatori@HyperInfo.CA

• Mail/Poste
  • 65, des Parulines
  • Gatineau, QC
  • Canada J9A 1Z4

• Coordinates/Coordonnées
  • 45 26 00 N, 75 43 00 W

• Time Zone/Fuseau Horaire
  • UTC - 05:00:00,0

• Telephone/Téléphone
  • +1-819-595-9210

• Facsimile/Facsimile
  • +1-425-984-7292

Executive Summary

• HyperInfo Canada Inc. proposes to develop an innovative Auto-Retractable Pen.

• The novel product features a number of technological advancements in magnetics in a portfolio of intellectual property.

• The device will be marketed to consumers all over the world as a professional item. The projected cost is $10 CAD with a wholesale price of $15 CAD and a retail price of $30 CAD. It is expected that the sales will eventually reach 10 million units. The product has potential to become a global megahit.

• Because of relatively high risk and some technological uncertainties, a financial assistance of up to $15 000 CAD is requested for R & D activities in order to complete a working proof-of-concept prototype.

The Business

Description

• HyperInfo Canada Inc. is a Canadian-Controlled Private Corporation (CCPC).

Management

The Opportunity

The Product

• A retractable pen comprises a pen and a cap. The pen comprises a hollow case, an ink cartridge, a mechanical spring and a mobile magnetic element. The cap comprises a cap body and a stationary permanent magnet. The pen is capable of attaching to the cap by the magnetic attraction force in a single-hand operation when a user places the mobile magnetic element of the pen in proximity to the stationary permanent magnet of the cap. The writing tip of the ink cartridge of the pen retracts into the hollow case of the pen when an upward magnetic attraction force is greater than a downward mechanical expansion force.

• The downward mechanical expansion force by the mechanical spring of the pen provides a cushion effect to the writing tip of the ink cartridge of the pen.

• The novel product features a number of technological advancements in magnetics in a portfolio of intellectual property.

  

  

The Market

• The device will be marketed to consumers all over the world as a professional item. The projected cost is $10 CAD with a wholesale price of $15 CAD and a retail price of $30 CAD.

• The first-year sales estimate is 50 000 units, growing to 1 000 000 units per year after 5 years. It is expected that the sales will eventually reach 10 million units. The product has potential to become a global megahit.

Competition

• A.T. Cross ion
• Parker Slinger Ball Pen (Made in Malaysia)
• Sheaffer NoNonsense TAGALONG Ball Point (Made in U.S.A.)

Promotion/Sales

• The product will be sold via retail channels.

Intellectual Property

• Magnetically Attached Wearable Pen
  • Number/Numéro ....................... Canada ? ??? ???
  • Status/Statut ....................... Pending

• Auto-Retractable Pen Mechanism with a Cushion Effect
  • Number/Numéro ....................... Canada ? ??? ???
  • Status/Statut ....................... Pending

• Auto-Switch Sound and Light in an Auto-Retractable Pen
  • Number/Numéro ....................... Canada ? ??? ???
  • Status/Statut ....................... To be filed

• Alternately Revealing Images in an Auto-Retractable Pen
  • Number/Numéro ....................... Canada ? ??? ???
  • Status/Statut ....................... To be filed

Production

Materials/Supplies

• a hollow cylindrical case
• an ink cartridge
• a mechanical spring
• a mobile magnetic element * 1
• a cap body
• a stationary ring-shaped rare-earth permanent magnet * 1
• a blinking light-emitting diode (LED)
• a printed film * 2

Source of the Plastic Case

• Canus Plastics
  300, Lisgar Street
  Ottawa (Ontario)
  CANADA K2P 0E2

Contract for Assembly

• Lee Valley Tools Ltd.
  
• Veritas Tools Inc.
  1090, Morrison Drive
  Ottawa (Ontario)
  CANADA K2H 1C2

Financial Data

Scientific Research & Experimental Development

• Because of relatively high risk and some technological uncertainties, a financial assistance of up to $15 000 CAD is requested for R & D activities in order to complete a working proof-of-concept prototype. The technological uncertainties to be resolved are as follows:
  • strength of the magnetic attraction force by the mobile magnetic element and the stationary permanent magnet
  • strength of the mechanical expansion force by the mechanical spring
  • balance between the magnetic attraction force and the mechanical expansion force for a cushion effect
  • choice of the magnetic element (either a permanent magnet or a ferromagnetic material)
  • type of attachment of the magnetic element to the ink cartridge
  • type of LED for illumination

Required Investment for Production

• $1 000 000 CAD for working capital

Break-Even Analysis

Fixed cost	$200 000 CAD/year	20 000 - 60 000 unit production range
Variable cost	$5.00 CAD	materials
	$2.00 CAD	labour
	$3.00 CAD	overhead
	$10.00 CAD/unit	sub-total
Selling Price	$15.00 CAD/unit	wholesale
Number of Units to break even	40 000 units/year	($200 000 CAD/year) / ($15.00 CAD/unit - $10.00 CAD/unit)

Pro Forma Balance Sheet

As of 2004-12-31
Assets
Cash and Bank Accounts	$100 000 CAD
Accounts receivable	$100 000 CAD
Total Assets	$200 000 CAD
Liabilities & Equity
Accounts Payable	$100 000 CAD
Liability	$90 000 CAD
Owner's Equity	$10 000 CAD
Total Liabilities & Equity	$200 000 CAD

Pro Forma Statement of Operations

2004-01-01 through 2004-12-31
Income/Expenses
Sales	$750 000 CAD
Total Income	$750 000 CAD
License	$100 000 CAD
Material	$300 000 CAD
Miscellaneous	$100 000 CAD
Payroll	$100 000 CAD
Total Expenses	$600 000 CAD
Total Income - Expenses	$150 000 CAD

Appendix

Endorsement

• Asija, Pal S.

Go to home page/Aller à la page d'accueil

English Français

Comments/Commentaire

"Sunatori, Go Simon" <GS.Sunatori@HyperInfo.CA>

[Donation/Don, SVP]

Copyright/Droit d'auteur © 1995-2024 by/par HyperInfo Canada Inc.

• All rights reserved./Tous droits réservés.
• Produced in Canada./Produit au Canada.

ISBN 978-0-929105-04-8

• 2024-04-11T01:49:42.000Z