CHARLOTTE, N.C., Sept. 6, 2013 (GLOBE NEWSWIRE) -- Revolutionary Concepts, Inc. (OTCBB:REVO) (www.revolutionaryconceptsinc.com), a company focused on the design and development of intellectual property (IP) rights, and trade names such as Eye Talk Communicator discussed the marketability of the patent portfolio and estimations of licensing fees.
Revolutionary Concepts Inc.'s CEO Ron Carter stated, "In 2010 there were approximately 111,000,000 homes in the U.S. with approximately 16% (18,000,000) having an alarm system, according to US census data. Varying security industry associations estimate 30+% of these homes with alarm systems using some form of video with wireless monitoring. This presents approximately 5,400,000 homes with some form of this technology in 2010.
"Today product offerings have expanded by over 400% from what was available in 2010, with end solution providers expanding market exposure by extraordinary factors resulting in almost every home, with cable or a premium cell phone account, being solicited for home video wireless security. The homes currently using wireless video technology can be estimated at 10,000,000 to 12,500,000 with service revenue currently generated by these homes estimated at $290,000,000 per month. A conservative estimate would consider approximately 50% of this market highly likely to employ a solution with some form of the patent portfolio in use.
- Estimated licensing fees at $0.75 per household would yield $3,750,000 per month, $45,000,000 annually with a 90+% market saturation.
"While these saturation levels would not be achieved immediately, the numbers will grow exponentially over the next 5 years as the economy improves, hardware solutions become more economical, and additional third parties offer more end user solutions. We continue to be doubly excited because these numbers do not reflect commercial and governmental applications that may well exceed the residential application estimates and the revenue generated from them."
About Revolutionary Concepts, Inc.
Revolutionary Concepts, Inc. is a development stage company focused on the design and development of intellectual property (IP) rights, and trade names such as Eye Talk Communicator. We currently have 7 patents registered with the USPTO, with others pending. Our first 7 patents that have been awarded are related to an entry management system and give users the ability to remotely and interactively monitor via two-way communication and control an IP camera while using a personal communication device. Additional uses our IP include are medical applications and infant care technology. Revolutionary Concepts Inc. is headquartered in Charlotte, NC with consultants located throughout the United States. www.revolutionaryconceptsinc.com
Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Revolutionary Concepts, Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.