The UK company has developed a whole new navigation system that assists in the accuracy of parcel deliveries directly to the right front door location, first time, with more accuracy than any system currently available. The product ensures new housing estates can now get the full benefits of a first time accurate delivery service the moment building plans are approved, in comparison satellite navigation take up to 2 years to locate. The company are seeking Licence agreements for use.
The UK company has developed a satellite navigation mapping tool that is available for use to international partners, under licence agreements, ideally suited to retail and logistic companies to improve their accuracy of deliveries. The company is now in a growth phase, they established the company in 2003 and have fully researched and spoken to over 400 delivery drivers from large retailers including Sainsbury's, Tesco, Amazon and John Lewis, all confirming time lost every day searching for addresses that Satellite Navigation systems simply could not find - a problem that's even worse after dark when more and more consumers are demanding their deliveries are made. Large retail chains such as Sainsbury's are now currently piloting to look at the reduction in "drive-miles" achieved and the reduction in "driver-fatigue" caused by the frustration of searching for delivery addresses, delivery driver retention is a major problem across the delivery sector. Retailers desperately need a more accurate navigation solution linked into their own in house systems - one that can check the customer's address at the very point the online order is being made and generate pin point accurate location and navigation to the driver. The product does this behind the scenes in milliseconds, and it's more accurate than any current Sat Nav system. Last year in North America alone there were over 1 billion redelivery attempts at an average cost of $15 each. The cost to businesses is enormous. The cost to the environment is immeasurable. The costs can now be eliminated with this exciting product. Partners would be able to integrate into current systems to enable them to provide a higher level of delivery service to their customers and improve the efficiency of their drivers by getting them to the right address first time. This would also have the benefit of reduced carbon emissions by reducing the amount of delivery miles driven.
Type (e.g. company, R&D institution…), field of industry and Role of Partner Sought:
The UK company is seeking companies with knowledge of the delivery and transportation sector. Ideally retail or logistic companies seeking an improved navigation system to speed up delivery times of products, the UK company are offering licence agreements to use the product, which can be integrated with current systems. This product would be ideal for any large retailer who trades online and has their own fleet of delivery vehicles or logistics companies who run their own fleets of vehicles.
Technical Specification or Expertise Sought:
The UK company is seeking companies with knowledge of the delivery and transportation sector. Ideally within the retail or logistic sector.
Stage of Development:
Already on the market
Comments Regarding Stage of Development:
Fully functional for the UK market. Product is currently being fully mapped to Dubai . Hong Kong is ready. France, Italy and Spain are close to readiness. USA, New Zealand and Australia mapping started
Comments Regarding IPR Status:
Global Patent filed with the European and American Patent Offices. Patents pending