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EXECUTIVE SUMMARY
Executive Summary: Each year there are 200 fatalities and 20,000
serious injuries that occur after children have been properly placed
in Child Restraint or Car Seats. Kinematics, LLC, has developed
and patented two unique technologies for safely transporting young
children in automobiles and passenger trucks. The Child Safety
Egg™ is an alternative to the Car Seats available in the
market today.
It is estimated that the annual liability associated
with these deaths and injuries is $12 billion.
The Child Restraint
or Baby Seat market is approximately $360 million in annual U.S
domestic sales, dominated by several manufacturers including; Fisher-Price,
Graco, Kolkraft, and Evenflo among others. In Canada the market
is dominated by Dorel where there are another $22 million annual
sales. The automobile manufacturers also have a vested interest
in this market as they are beginning to build safety seats into
cars at the point of manufacture. Until the invention of the Safety
Egg™, there have been only small marginal improvements
to the original safety seats introduced in 1970’s.
- The Company’s business objective is to introduce the Safety
Egg™ through the individual efforts of Car Seat Industry’s
primary participants who would collectively own the Safety Egg™ technology
through a consortium.
- The Company is financed through venture capital and private
equity.
| The objective is to deliver this product
to market with the
participation of the Industry’s primary manufacturers.
The Company believes this is the best and fastest way to bring
the
product to market and begin reducing preventable deaths and
injuries. |
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