THE COMPANY
Spectra Systems & Technologies, Inc. (“Spectra”) is an innovative technology Holding Company that creates digital solutions in the field of Information Technologies (IT).
INNOVATIVE TECHNOLOGIES LAB
All ideas begin in the company’s “Innovative Technologies Lab” that functions like a technology “incubator” developing digital ideas into marketable products and creating new technology companies in the process.
APPLICATION ENGINEERING
The process of taking an idea, creating solutions requires a discipline and the Company first determines various factors, such as:
SOLUTION ANALYSIS – Is the idea a solution to an existing problem?
FEASIBILITY ANALYSIS – Is it possible to make?
TECHNOLOGICAL HURDLES – Are there available technologies that can be integrated into larger systems will we have the develop them?
MAJOR COMPONENT ANALYSIS – Are the major components readily available from a variety of local or regional manufactures?
COST ANALYSIS – What is the manufacturing cost and what is the estimated cost to the end customer?
MARKET SIZE – Global Market(s)- What is the size of the market and is the idea applicable to only a domestic market or can it be marketed globally in other countries?
EXPANSION – Can the idea expand into other markets and even other product variations?
COMPETITIVE ANALYSIS – Are there similar products already on the market? Why is this idea better than any of the others?
PATENTABILITY – After a patent search is the idea worth the time and money for a patent?
Only then does the idea move onto the next phase… applying for and being awarded a patent on the technology. Currently, in the Innovative Technologies Lab there are a number of digital software solutions to a variety of major global problems and needs, such as:
- A new higher form of Data Compression and Security Encryption,
- Anti-counterfeiting systems for the authentication of critical components, etc.
- A new advanced form of automatic data collection,
- A new concept for an easier to use and more secure form of passwords,
- A new form of audio technology and delivery,
- A new form of social media,
- A new form of social registry,
- A handicap assistance device for the blind and also for firemen inside smoke-filled rooms,
- Applications using Artificial Intelligence and Blockchain technologies,
- A new form of electronic Sports Communication media for sports fans.
TECHNOLOGY INVESTMENT MODEL
RISK
It is my experience that investors have “two schools of thought” prior to making an investment. The first approach is where a working prototype funded by the inventor’s financial resources and before the application is submitted and the possibility of a patent being awarded. This is generally the approach large corporations take and may not be the best approach for individual inventors.
This is a costly process as you do not know in advance what the design parameters are for the prototype invention you are spending money upon and may even result in it being un-patentable.
The problem with this approach is that it has the greater risk when the inventor spends limited financial resources on a prototype that later is either not patentable or the idea encounters “prior art” and has been awarded to another inventor. To continue, requires more time and money for numerous modifications to be made to the prototype in order to accommodate and gain the approval of the patent examiner.
RISK MINIMIZATION
The second approach is the direct opposite where the inventor’s limited financial resources are first applied towards obtaining a patent and only then are investor’s sought to fund a prototype system.
We have taken this approach and have spent both personal and invested funds on first obtaining a patent before building a prototype system …and if needed, integrating “off-the-shelf” components.
Using this approach, we have built a protective ‘fence” around our technology and we now know exactly how the software for the prototype must be designed in order to conform to the patent, thereby saving time and money in numerous modifications.
SPECTRA’S EXPANDING PORTFOLIO
Spectra currently has patented two disruptive, proprietary technology platforms, one in the field of Energy Generation, trademarked “SolarWind” and the other a new form of electronic digital notarization service-for-a-fee, trademarked “Notarius”. Both are “software centric” applications using existing and proven hardware where needed.
