| Target
Market
Globally drinking and driving has become a serious
problem.We believe effective measures for preventing drink driving
need to be introduced urgently. The i-KEY
would be a perfect answer to all the unwanted drink driving
problems.
Making the new preventive measures mandatory would
help to ensure our roads are safe and avoid the loss of innocent
lives.
The target market for the i-KEY
is any place where drink driving poses a threat to road
safety. It may be applied to all vehicles, private or public.
At the initial stage, we are looking for
alliance partners to market and manufacture the key, with focus
on the markets of China, Japan, Korea, the rest of Asia, Europe,
North America, South America, New Zealand and Australia. Already
15 approved suppliers from the USA, China, Europe, Japan and Hong
Kong have signed up.
Strategy
Our intention is to ensure speedy adoption and
widespread usage of the key in order to make our roads more safe
and less accident-prone.
We plan to address this as a community initiative
as well as unique market opportunity through targeting the following
distinct market segments:
- Carmakers
It has been a big challenge for carmakers to address the drink
driving problem. To modify old cars would be cumbersome and
would consume much time. A breakthrough technology has yet to
emerge for new cars to be duly equipped with the appropriate
prevention device. The i-KEY would
be a good fit for both existing and new cars, and would provide
the carmakers with a benevolent image of being socially responsible
corporate citizens.
- Insurance companies
Car insurers would welcome the i-KEY
and may be in a position to specify in their requirements the
installation of the i-KEY in
return for a discount in the premium.
- Car-key manufacturers and assemblers
The i-KEYs are best produced
in the local market to ensure speedy delivery. Toolkits and
patented components will be provided.
- Service companies
These include garages and other companies engaged in car maintenance
and servicing. They are the front-end contact points for car
owners and drivers, and can play a significant role in spreading
the word about what is best in balancing safe driving and drinking.
Competitive Strengths
The i-KEY is
unique and therefore has no direct competitor for the following
reasons:
- Existing in-car devices are fitted to the car's dashboard,
door lock, or other parts of the car, thereby requiring modification
of vehicle and special installation.
- No patent application exists that has the same level of research
or investment or thorough testing as the i-KEY.
i-KEY is the world's
first working in-car device.
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