By Opalux Inc.
Opalux works with its partners through a phased development approach, starting with feasibility and progressing to commercial production. Below are typical terms for an initial feasibility project: - Project Scope: Application, Market Potential, and Specifications - Feasibility Project Length: 1 – 3 months - Feasibility Project Budget: $50k – $300k - Exclusivity: Provided for project duration plus evaluation period - Deliverables: Lab-prepared prototypes and a comprehensive technical report With a phased development approach the time and financial commitments are in smaller increments, proceeding to the next step only when key specifications and deliverables are met. Opalux works with its partners through a phased development approach to create feasibility samples with a view to scaling up for commercial production. Below are typical terms for an initial feasibility project: - Project Scope: Application, Market Potential, and Specifications - Feasibility Project Length: 1 – 3 months - Feasibility Project Budget: $50k – $300k - Exclusivity: Provided for project duration plus evaluation period - Deliverables: Lab-prepared prototypes and a comprehensive technical report With a phased development approach, the time and financial commitments are in smaller portions, proceeding to the next step when expectations are met.
