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Elliott Tech's Business
Model
ET is a full service organization
specializing in the development of new products. The product
developments are focused on electronic products in various
industries not limited to, but including recreation, commercial,
toys, medical, and automotive. ET’s diverse experience positions developments to
apply to an unlimited amount of industries.
ET produces products for corporations, entrepreneurs, and
individuals.
This effort is to fund an increasing number
of product developments that are presented to ET for development,
but due to the lack of funding the clients continue to pursue other
companies that can provide development funding.
These products include patented, applied for patent, and
non-patented products.
ET’s Business Model is divided into two
major segments:
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Full
Service Product Development
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Customers
No Product Ownership
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Clients/Product Ideas
Product Ownership
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Full Service Product Development
has been ET’s
bread and butter since 1988.
All products produced to date do not position ET to receive
royalties, selling rights, or partial ownership of a new spin-off
company. The client owns their product and all rights.
ET’s services include the product
development, which provides our client with marketable and sellable
product(s), which ET receives no revenue generation opportunity
other than the development services (i.e. product development/testing).
The second segment of ET’s business model
is the Client based operations.
This provides ET the opportunity to retain rights with
ongoing revenue. The ownership types are either 100% to ET or divided
ownership between the inventors and ET.
To grow the second segment “Product
Ownership,” ET requires capital to develop the products;
therefore, ET formed a Limited Liability Corporation (PDIG).
This corporation is basically a holding company for the
products developed by ET, as well as development funding.
PDIG will retain the rights or royalties or divided ownership
with the inventor(s).
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