Our strength is in innovation, not
implementation. While we were the right company to develop the
Solowatch idea, we're not the right ones to bring it to the
marketplace. We are therefore shooting for one of the following
a) Sell/license the Solowatch technology to
a monitoring company or groups of monitoring companies that can add it
to their current product line. Any major vendor could add the
technology in a matter of months.
b) Sell/license the technology to a third
party that can benefit from having it (insurance group, hospital group,
holding corporation, etc.).
c) Partner with a company to bring the
system to market. Obviously the most labor-intensive of the three
goals, but still a viable option.
As far as compensation goes, we would like to relate
it to the
profit for selling a single system (which could be spread out over time), or some sort of
royalty arrangement with an initial payment plus minimum yearly amounts. Should anyone
express interest, we're sure there is a way that we can set up a system
involving cash and/or stock that would
be fair to all parties. For a description of where the project currently stands, please
see our Project status page.
We are also willing to pay a finder's fee to anyone who can introduce us to the company
or companies which purchase our stock or license our technology.
We do not plan to sell or install individual systems. Should anyone desire an
installation, we will be more than happy to explore alternate ways of achieving such a
Who might be interested?
Our thoughts are that this would be ideal for any corporation who wishes to sell,
distribute, or install facility-wide medical monitoring systems, or possibly license (or
sub-license) the technology to such companies.
Because Solowatch systems can improve care while saving more
money than they cost (see Savings example), this
would also make sense for any group of hospitals, such as an HMO or hospital network.
Especially since such a group would be spared from paying individual profit mark-ups on
each system, a collective savings which could easily total tens of millions of dollars for
even a moderately-sized hospital network..
One major medical monitoring equipment manufacturer has already expressed interest in
licensing our technology. However, their plans are still in the strategic phase, and are
at least three to five years out. If we have to wait that long, we will, but we would much
rather see the system installed and in-use sometime in the next nine to twelve months.
Where do we go from here?
Contact us any time, or stop by for some coffee
we'd be delighted to discuss potential business arrangements. If you don't like something
about the system or our preferred means of transferring ownership of the technology, bring
it up, and maybe we can work something out. There's always more than one way to achieve a
goal, and we'd hate to artificially limit ourselves or our potential partners.