1 / 9

The Tank Saver

The Tank Saver. Dustin Drake Colby Marcum Wade Garms Cass Blackshear ITEC3380 Managing Technology. Concept. Prevent Freezing over of Agricultural water tanks Portable Unit for use in areas without access to electricity Thermostatically Controlled in order to preserve battery life.

yvonne
Download Presentation

The Tank Saver

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Tank Saver Dustin Drake Colby Marcum Wade Garms Cass Blackshear ITEC3380 Managing Technology

  2. Concept Prevent Freezing over of Agricultural water tanks Portable Unit for use in areas without access to electricity Thermostatically Controlled in order to preserve battery life

  3. Market Data Target Audience: Males 36 & Up $61-$80k/yr Target Sale Price: $85 62% of Rural respondents have pets and/or Livestock 84% of respondents report freezing temps at least once/year 37% of livestock owners have no access to AC for water tanks

  4. Prototyping Brainstorming to create design concept Drawings created to aid in visualization

  5. Prototyping • Bill of Materials Created • Thermostat Control $16 • 12V Battery $18 • Pump $13 • Rubber Hose $2 • Hose Clamp $4 • Housing $4 Total Material Cost $57 Estimated Labor (15 minX$45/hr) $11 Total Product Cost $68 Total Sell Price $85 Profit Margin 20%

  6. Contruction

  7. Contruction

  8. Similar Products Eemax EMT2.5 Mini-Tank Electric Water Heater $130 (requires water tap and plug in power source; typically used on internal water sources) Allied Sinking De-icer $30 (Thermostatically Controlled; requires plug; no movement, only heat)

  9. Conclusion Very Specific Target Audience Cost Savings could come from bulk purchases, leading to increased margins QC important on components, specifically the pump

More Related