Posted On: 01/29/2014 12:29:28 AM
Post# of 256
$VOIS
Intellectual property
The Company secures its hardware through patents and trademark protection. The Company has completed a patent search, and filed a provisional patent with the USPTO for a “Portable Brain Monitor Device”. The Company has since updated the filing within the 12 month grace period allowed for amendments and improvements. The Company’s patent focuses on the anatomical location chosen to receive electrical EEG signals when wearing the device, as well as the portable, mobile nature of the device.The Company has a license from Emotiv Systemswhich grants us the right to develop software utilizing Emotiv’s Epoc headset and its proprietary platform. This platform was used to create the three software applications completed by The Company which are compatible with the Emotiv Epoc headset. The Licensing Agreement is valid for 10 years and allows the Licensee to develop software compatible with the Epoc headset. Products developed by the Licensee can be sold and priced as the Licensee desires. Consumers wishing to purchase the software applications developed for the Emotiv platform must purchase the Epoc headset from www.Emotiv.com for $299 in order to operate the software applications purchased.
4
The Company utilizes up to six independent contractors retained to develop our software applications. The complexity of the application and the time constraints will determine how many software developers are utilized for a given project. While quality software developers cost approximately $90 per hour, it is The Company’s view that quality control is more important than cost savings through outsourcing to less expensive developers, such as those available overseas.
Intellectual property
The Company secures its hardware through patents and trademark protection. The Company has completed a patent search, and filed a provisional patent with the USPTO for a “Portable Brain Monitor Device”. The Company has since updated the filing within the 12 month grace period allowed for amendments and improvements. The Company’s patent focuses on the anatomical location chosen to receive electrical EEG signals when wearing the device, as well as the portable, mobile nature of the device.The Company has a license from Emotiv Systemswhich grants us the right to develop software utilizing Emotiv’s Epoc headset and its proprietary platform. This platform was used to create the three software applications completed by The Company which are compatible with the Emotiv Epoc headset. The Licensing Agreement is valid for 10 years and allows the Licensee to develop software compatible with the Epoc headset. Products developed by the Licensee can be sold and priced as the Licensee desires. Consumers wishing to purchase the software applications developed for the Emotiv platform must purchase the Epoc headset from www.Emotiv.com for $299 in order to operate the software applications purchased.
4
The Company utilizes up to six independent contractors retained to develop our software applications. The complexity of the application and the time constraints will determine how many software developers are utilized for a given project. While quality software developers cost approximately $90 per hour, it is The Company’s view that quality control is more important than cost savings through outsourcing to less expensive developers, such as those available overseas.
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