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Executive Summary- Licensing Opportunity for Litewalk Grating

Executive Summary- Licensing Opportunity for Litewalk Grating

Ratings: (0)|Views: 356 |Likes:
Published by Bugs Tan
A business opportunity to manufacture and market the newly invented Litewalk grating panels.
A business opportunity to manufacture and market the newly invented Litewalk grating panels.

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Categories:Types, Research, Science
Published by: Bugs Tan on Jan 13, 2010
Copyright:Attribution Non-commercial

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02/19/2013

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Licensing
 
Opportunity
 
For
 
Litewalk
 
Grating
 
January
 
2010
 
 
Litewalk™
 
Grating
 
Project 
 
Licensing
 
Opportunity 
 
 January 
 
2010
 
Page
 
2
 
Executive
 
Summary
 
 January 
 
2010 
 
Objective
 
This
 
executive
 
summary
 
(teaser)
 
is
 
specially
 
prepared
 
for
 
prospective
 
investors
 
who
 
are
 
potentially
 
existing
 
industry
 
players
 
to
 
learn
 
about
 
this
 
new
 
invention
 
which
 
is
 
ready
 
for
 
commercialization.
 
It
 
gives
 
a
 
glimpse
 
of 
 
what
 
this
 
new
 
product
 
can
 
offer,
 
its
 
economic
 
&
 
technical
 
competitive
 
edge
 
as
 
well
 
as
 
its
 
expected
 
return
 
on
 
investment
 
based
 
on
 
prevailing
 
selling
 
prices
 
and
 
cost
 
of 
 
production.
 
It
 
also
 
provides
 
comprehensive
 
basic
 
information
 
to
 
that
 
interested
 
parties
 
to
 
make
 
an
 
informed
 
decision
 
as
 
to
 
whether
 
they
 
would
 
explore
 
further
 
on
 
this
 
proposed
 
investment.
 
1.
 
Introduction
 
Litewalk
 
Innovations
 
Sdn
 
Bhd
 
(“Litewalk”)
 
is
 
a
 
private
 
limited
 
company
 
incorporated
 
in
 
Malaysia
 
for
 
the
 
sole
 
purpose
 
of 
 
undertaking
 
the
 
research
 
and
 
development,
 
design,
 
fabrication,
 
manufacturing,
 
licensing,
 
marketing,
 
distribution
 
and
 
sale
 
of 
 
the
 
new
 
Litewalk
TM
 
galvanized
 
steel
 
grating
 
panels.
 
The
 
company
 
is
 
owned
 
and
 
controlled
 
by
 
Mr.
 
Bugs
 
Tan.
 
Bugs
 
Tan
 
has
 
won
 
numerous
 
invention
 
awards
 
and
 
is
 
regarded
 
as
 
an
 
idol
 
amongst
 
budding
 
inventors
 
in
 
Malaysia.
 
Among
 
the
 
10
 
national
 
awards
 
won
 
by
 
Bugs
 
Tan
 
over
 
the
 
past
 
years,
 
the
 
National
 
Innovation
 
of 
 
the
 
Year
 
award
 
for
 
2007
 
went
 
to
 
Mr.
 
Bugs
 
Tan.
 
Bugs
 
Tan
 
is
 
continuously
 
creating,
 
researching,
 
inventing
 
and
 
designing
 
various
 
products
 
to
 
be
 
brought
 
to
 
commercial
 
realisation.
 
The
 
new
 
Litewalk
TM
 
grating
 
panel
 
was
 
first
 
designed
 
in
 
2007.
 
In
 
2008,
 
new
 
Litewalk
TM
 
grating
 
panel
 
passed
 
all
 
the
 
compulsory
 
technical
 
tests
 
conducted
 
by
 
University
 
Malaya
 
for
 
strength
 
and
 
corrosion.
 
During
 
the
 
same
 
year,
 
new
 
Litewalk
TM
 
grating
 
system
 
obtained
 
the
 
BS
 
4591
 
Part
 
1
 
certification
 
from
 
SIRIM
 
The
 
Inventor
 
has
 
conducted
 
numerous
 
dialogues
 
with
 
oil
 
majors
 
and
 
key
 
engineering
 
and
 
construction
 
&
 
fabrication
 
players
 
in
 
the
 
oil
 
and
 
gas
 
industry.
 
Based
 
on
 
its
 
competitive
 
edge
 
in
 
strength
 
and
 
tensile,
 
weight
 
and
 
most
 
importantly
 
cost,
 
new
 
Litewalk
TM
 
grating
 
system
 
has
 
received
 
wide
 
and
 
positive
 
feedback
 
on
 
procurement
 
and
 
usage.
 
Among
 
others,
 
Petronas
 
procured
 
the
 
Litewalk™
 
grating
 
for
 
its
 
Sumandak
 
platform
 
and
 
MITCO
 
procured
 
for
 
the
 
Asian
 
Supply
 
Base,
 
Labuan
 
in
 
November
 
2007
 
and
 
February
 
2008
 
respectively.
 
 
Litewalk™
 
Grating
 
Project 
 
Licensing
 
Opportunity 
 
 January 
 
2010
 
Page
 
3
 
2.
 
The
 
Product
 
The
 
Inventor
 
has
 
named
 
this
 
product
 
LITEWALK.
 
The
 
name
 
which
 
has
 
been
 
trademarked,
 
will
 
become
 
the
 
brand
 
name
 
used
 
during
 
commercialization.
 
Even
 
though
 
Litewalk™
 
grating
 
panels
 
are
 
made
 
of 
 
the
 
same
 
material
 
as
 
the
 
common
 
grating
 
(it
 
has
 
to
 
be
 
in
 
compliance
 
with,
 
among
 
others,
 
oil
 
and
 
gas
 
safety
 
standards),
 
this
 
indigenous
 
design
 
and
 
invention
 
has,
 
among
 
others,
 
four
 
distinct
 
advantages.
 
They
 
are:
(i)
 
Lighter
 
by
 
35%;
 
and
 
(ii)
 
Stronger
 
by
 
12%;
 
and
 
(iii)
 
Cheaper
 
by
 
10%
 
(based
 
on
 
estimates
 
and
 
current
 
prices,
 
ranging
 
from
 
10%
 
to
 
32%);
 
and
 
(iv)
 
Safer
 
to
 
walk
on
 
due
 
to
 
its
 
design
 
of 
 
embossed
 
rings
 
on
 
the
 
Load
 
Bearing
 
Rod.
 
Litewalk™
 
grating
 
system
 
is
 
new
 
in
 
the
 
market
 
place,
 
but
 
with
 
such
 
strong
 
features,
 
it
 
is
 
very
 
difficult
 
for
 
oil
 
majors,
 
engineers
 
and
 
fabricators
 
to
 
ignore
 
such
 
advantages.
 
In
 
addition,
 
Litewalk™
 
grating
 
system
 
is
 
a
 
homegrown
 
product
 
which
 
could
 
be
 
marketed
 
globally
 
which
 
essentially
 
means
 
avenue
 
of 
 
foreign
 
exchange
 
inflow
 
to
 
the
 
country.
 
3.
 
Current
 
Grating
 
Manufacturers
 
There
 
are
 
two
 
existing
 
manufacturer
 
for
 
grating
 
panel
 
in
 
Malaysia.
 
They
 
are
 
as
 
follows:
1.
 
Dahe
 
Industry 
 
Sdn
 
Bhd 
 
A
 
local
 
Bumiputra
owned
 
outfit
 
located
 
in
 
Beranang,
 
Selangor.
 
2.
 
Webforge
 
A
 
wholly
owned
 
subsidiary
 
of 
 
Delta
 
Ltd
 
(UK).
 
This
 
factory
 
was
 
established
 
in
 
Shah
 
Alam
 
26
 
years
 
ago.
 
Delta
 
has
 
8
 
Webforge
 
factories
 
throughout
 
the
 
world
 
and
 
has
 
an
 
annual
 
turnover
 
for
 
steel
 
product
 
(grating
 
panels)
 
of 
 
about
 
£200.9
 
million
 
(RM1.4
 
billion)
 
and
 
a
 
profit
 
of 
 
£21.3
 
million
 
(RM149.0
 
million)
 
for
 
year
 
2008.
 
The
 
estimated
 
market
 
size
 
for
 
grating
 
panels
 
in
 
Malaysia
 
alone
 
is
 
about
 
RM200
 
million
 
per
 
annum.
 

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kachongkachong added this note
hi bug, may x have that kind of mfr.facility capacity but like yr invention coz few yrs back I have hands on tech. know how in the fabrication of grating 'm' clips. and my previos employer supplied those clips utilised by kumang project,T8,T9,T10,T11 and T12 thru mmhe/sde. been doing n supply to mse/mmhe since 1994.
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