VIABILITY OF PROFITABILITY
FEMA pays out over $2.8 Billion Dollars annually towards insurance claims for floodwater damage. The average pay-out per residence is $34,000, with Commercial, and Municipal damages considerably higher.
We can manufacture and deploy these systems for less than 1/3 that amount; making these reduced pay-outs a more attractive proposition for those Insurance Carriers providing flood insurance to their clients.
Our goal is to capture a modest 5% of FEMA'S annual pay-outs, accordingly our annual revenues would be over $100 Million with residential revenue alone; coupled with commercial, municipal, & military sales, along with sales to Emergency Management / Disasters Relief Agencies, home & abroad .... Revenues could project over $1/2 Billion Dollars annually within 5 years.
FloodWater - R.E.D.S is ready to leave the Research phase for Testing & Development, and on to Manufacturing and Deployment.
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[ Anticipated Performance ]
FLOODWATER - R.E.D.S will be a profitable venture by end of its 2nd year of operation; fully viable by end of 4th Quarter of 3rd year; will reach full revenue potential by 2nd Quarter of 5th year. All projections of revenue would greatly increase annually- dependent on increased number and severity of Flood Disaster Events, not only in the U.S. - but abroad as well.