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| 8-K - FORM 8-K - PFO Global, Inc. | enrg8k.htm |
Exhibit 99.01
Executive Summary
September 2014
Contact Information:
Energy Telecom, Inc.
St. Augustine, Florida, USA
Phone: (904) 891-8995
www.energytele.com
Mr. Tom Rickards
President
trickards@energytele.com
Skype: tom.rickards77
This document contains proprietary information of Energy Telecom and cannot be reproduced, distributed, or printed without written permission from Energy Telecom.
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Executive Summary, September 2014
Mission Statement
To monetize our global utility patent portfolio with claims covering nearly all features of Intelligent Eyewear (IE) in the pipeline from major technology providers, including Google, Microsoft, Samsung and Sony. We have had preliminary discussions with, and continue to seek out, intellectual property (IP) management/exploitation firms and investment groups that are interested in discussing transactions that can exploit our IP to achieve maximum shareholder value.
We consider our IP in three tiers, with each tier building upon the successful claims in the prior tier, as follows:
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Tier
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Description
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I
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Hearing Protection and Communication Eyewear.
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II
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Communication Eyewear with Advanced Audio Control and Option for Wireless Earpieces.
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III
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Awareness, Connectivity, and Safety Eyewear Providing Advanced Biometric and Situational Awareness to Impart Knowledge and Entertainment to the Wearer.
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Our IP is owned outright by Energy Telecom and is not encumbered by royalties, licenses, liens or contractual rights.
The Problem
Modern society has developed so that people require constant access to the world of information they require, especially when mobile. The problem is those mobile users must still hold their information source to their ears with their hands, or use messy earplugs and cords, and then only to receive audio information. The current crude methods of people receiving information into their ears and eyes date back hundreds of years. Additionally, information users require a rapidly increasing awareness of the conditions around them, and their locational status, as do others far from the users.
Solution
All of our issued and pending patents are utility patents and provide superior protection against possible infringement. Our tier I and tier II IP covers delivery of sound, communication and intelligence through the ear canal. Our tier III issued and pending patents cover the delivery of a wide range of information, which can include environmental data, locational and situational status of the user, locational data of potentially hazardous objects near the user, as well as biometric data. IE protected by our patents also includes delivery of entertainment, and the exchange of optical and audio information to and from the wearer through optical display and audio means, including high-fidelity stereo music.
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In connection with our tier I and tier II IP and as part of a pilot program to introduce on a wide-scale global basis the idea of IE, we independently developed the world's first hands-free two-way, sound attenuating wireless telecommunication eyewear. This professional eyewear is currently being licensed and distributed by Honeywell International, and has been available since 2012. The eyewear is designed for use on a recreational and professional basis. Our recreational eyewear (currently licensed and distributed by Blaupunkt Personal Audio) is equipped with wireless two-way Bluetooth voice communication capable of streaming high-fidelity stereo music from any Bluetooth enabled device. It contains built-in dual microphones to cancel out background noise and noise-isolating ear plugs. Our professional model is similar to the recreational model, but contains additional safety features and is intended to be marketed to the Personal Protective Equipment (PPE) markets for use by police, fire, rescue, military and security personnel as well as companies in bio-hazardous, mining, construction and heavy manufacturing.
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Honeywell International Inc., acting through its Honeywell Safety Products business unit, has been selling our communication eyewear, primarily in the PPE markets, under its branded ‘ICOM’ name in Europe and UVEX branded ‘AcccoustiMaxx’ in the United States.
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In January 2014, Blaupunkt Personal Audio, LLC introduced a version of the eyewear optimized for consumer mobile entertainment and voice communications. The eyewear is being sold worldwide under the ‘Blaupunkt’ brand.
Eyewear sold under our tier I and tier II IP allowed us to prove our concept, take the product to market and engage in significant product testing and refinement. It should be noted that our IP is not limited to glasses or eyewear, but includes any type of lens of any type of see-through material in front of the wearer’s face, including googles, shields and masks.
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However, with the issuance of the first utility patent for our tier III IP in June 2014, and filing of our immediate continuation-in-part (CIP) patent application that enlarges the scope of IE covered by our claims, we began focusing on maximizing the opportunities this patent provides for the newly emerging IE market. We believe there is significant value therein and intend to monetize our IP.
Our patents are “first rung” utility patents that cover eyewear of any kind with primary first claims describing “len(s), delivering of “sound to the ear” through the only viable method –to the ear canal-, “communication”, and now intelligence, i.e. the wearers condition and orientation, movements, the environment around the eyewear user, and, the ability to exchange the information bi-laterally with remote sources.
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It should be noted that while many other possible competitors file patent applications describing and showing IE with in-ear delivery, they concentrate on an entire world of potential optical delivery, but do not include that delivery of in-ear audio in their claims. This issue has been overlooked by others to their detriment. Energy Telecom did not overlook this critical factor in its Tier II and II utility patents.
As a result, we believe that our IP will cover almost all conceivable intelligence being gathered and presented to the wearer, and to other people/systems on a remote basis.
Competition
The IE market is quickly developing, and major technology companies are in various stages of producing products. Google is currently selling its Google Glasstm, and Microsoft, Samsung and Sony have announced IE products that are expected to be available in the near future. Other large companies are expanding into the larger wearable technology market.
There are also many start-ups and emerging companies that are attempting to combine the value of Intelligent Eyewear with other markets. For example, DAQRI has announced plans to merge IE with the PPE market with its Smart Helmet. This market segment, while new, is rapidly expanding as the PPE markets demand more intelligence, protection, and communication at work.
We have, through our IP counsel, put potential competitors on notice as to our intellectual property rights and made clear that we will enforce our rights against any infringing products. We and our IP counsel monitor the markets for Intelligent Eyewear that might possibly infringe on the Company’s IP, and enforce our rights accordingly. We have previously stopped companies from selling possibly infringing foreign-made communication eyewear. Recently, Google contacted us about helping with a PPE model of their Google Glass, which we declined to do.
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Executive Summary, September 2014
THREE EXAMPLES OF MARKETS IN WHICH WE EXPECT THIRD GENERATION IE WILL BE USED, AMONG MANY OTHERS:
Sight and Hearing Impaired
One particular market channel, out of many wearable technology markets covered by our patents, that we believe our tier III IP can have a significant impact on is those who are sight or hearing impaired. We believe that our IE eyewear, alone or with applications from third parties, will have the ability to do the following:
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Read text of lectures or of ongoing conversations in a room without needing to have visual line of site;
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Speech to text processes;
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Real-time translation of foreign languages being spoken, with the earplugs blocking out the foreign language;
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Processors to alert to alarm noises, honking horns and the safety related volume, urgency, proximity and vector information can be sent to audio, vibratory, and/or visual inputs;
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Vibration devices in the eyewear can signal to blind people obstacle locations – left, right, front;
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IE at the side of the neck to have Braille words “imprinted” (by shifting mechanical or air-puff devices) and “read” against their skin; and
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A cell phone attachment to have a braille reader screen for text messages.
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Medical industry
Hospital/Doctor’s offices:
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Display of medical records through video or static display;
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Internet access to records and diagnosing aids;
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Determine presence of harmful radiation or gases, and notify wearer though sound or visual aids;
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Report unsafe conditions around the wearer to remote supervisory and/or monitoring locations;
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Determine condition and state of the wearer (prone for too long, as just one example) and reporting to remote locations, for assistance;
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Use in venues requiring ‘splash’ protection for the eyes;
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Maintain constant contact with supervisors and peers; and
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Display of important text messages.
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Dentistry (UVEX PPE eyewear already used in Dentist’s offices today):
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Dentist or technician can speak to the patient through the eyewear;
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Patients watch live video of procedure;
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Patients watch instructive videos or movies during lengthy procedures;
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Use by patients during cleaning and other work, to protect eyes; and
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Patients listen to soothing music.
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Executive Summary, September 2014
High Fidelity Stereo Music in Conjunction with Outdoors Activities
The Blaupunkt high-fidelity sound model currently available for sale already is able to deliver concert-hall quality through advanced audio drivers, more expensive disposable ear plugs, advanced noise suppression, and proprietary audio control software program.
Outdoors recreation, including:
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Biking;
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Jogging;
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Hiking;
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Beach use;
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Hunting;
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Skiing;
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Maintaining contact with others through display of text or video messaging;
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While in use in any of the above, receiving weather updates, and monitoring body output (heart, pulse, etc.) during use; and
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Determining condition and state of the wearer (prone for too long, as just one example) and reporting to remote locations, for assistance.
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Casual use, including:
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Outdoor casual ‘hanging out’ alone or with friends;
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Watching short videos; and
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Watching movies while outdoors.
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Executive Summary, September 2014
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Executive Summary, September 2014
FIRST GENERATION ENERGY TELECOM IE, CURRENTLY SOLD BY HONEYWELL AND BLAUPUNKT IN 13 COUNTRIES:
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Executive Summary, September 2014
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Executive Summary, September 2014
SECOND GENERATION IE TO BE USED IN ALL OUTDOORS/RECREATIONAL/ENTERTAINMENT VENUES – MARKETS:
 Google/Luxottica
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 Microsoft/Osterhout
(purchased by Microsoft for $150M)
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 Samsung (current 3D product, expected to be expanded to wider IE markets)
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 Sony (current 3D product, expected to be expanded to wider IE markets)
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