|By PR Newswire||
|December 18, 2012 08:01 AM EST||
AUSTIN, Texas, Dec. 18, 2012 /PRNewswire/ -- EPIC Corporation (OTC:EPOR) (the "Company"), a preventive healthcare technology company, announced that AcuFAB™ is the engine that drives its future growth and AcuFAB™'s intangible asset value of $17,005,963 is the foundation for EPIC's Fundamental Value of $1.06 per share .
"AcuFAB™ a proprietary acupressure industrial and medical textile took approximately one year to develop and is produced in the United States," said Ronald Tucker, CEO of EPIC Corporation. "It is a specialty therapeutic spacer fabric with a complex architecture and a new and unique but simple design. It was developed and is produced by Highland Industries, Inc., a Takata Company and a leader in the industrial textile markets, in a 700,000 square foot production facility in South Carolina."
AcuFAB™'s unique design has a single flat surface with alternating ridges running down the length of the knitted 100% polyester fabric. The ridges provide a defined and flexible space and limit the pressure points contacting the body and give a gentle message effect, while the channels between the alternating ridges allow for greater circulation and ventilation.
AcuFAB™'s features include:
- Limits pressure points against surface tissues of the body;
- Is antibacterial – it is resistant to mold and mildew;
- Is hypoallergenic;
- Is hydrophobic and quick drying;
- Retains its shape;
- Is resistant to dyes, solvents, and most chemicals; and
- It has a high melting point.
AcuFAB™'s Benefits include:
- Supports body weight across the fabric;
- Allows for more blood and oxygen to reach the surface tissues of the body;
- Reduces hypertension stress;
- Enhances air circulation which reduces sweating;
- Provides for a more temperate body temperature;
- Can be antibacterial to repeal infectious diseases; and
- Is machine washable and dryer safe.
AcuFAB™ is unique due to its ability to be used in fabricating various different types of products in human and animal market segments. These products can be sold in at least three large human market segments, medical, home healthcare, and consumer. In most instances the products made from it do not require FDA approval.
In July 2012, an independent company commissioned by EPIC published a market report regarding the healthcare and medical niche market segments for AcuFAB™ and its AcuPAD™ products. Click here to download a copy of the report.
The report only evaluates the mattress overly market relating to the prevention of pressure sores, and does not discuss the market for mattress overlays that provide a more comfortable and restful night's sleep, chair pads, car and truck seat pads, compression bandages, regular and diabetic shoe inserts, and other products that can be made with AcuFAB™.
The Market Report provides in-depth (segment) analysis and market potential for mattress overlays relating to pressure sores. The AcuPAD™ Mattress overlays provide a more comfortable, deep un-interrupted sleep. Chair cushions and car and truck seating pads made from AcuFAB™ provide comfort and relief from lower back, shoulder and neck pains.
Market Report Summary
The US Supreme Court's decision to uphold the Affordable Care Act gives more significance to the report. The decision means, like the report states, healthcare will " gravitate more and more into preventative medicines and chronic therapeutic regiments . . . because of large spikes in obesity, diabetes, and an ever increasing sedentary life style, we are dealing with the increasing need for handling wounds preemptively . . . . [I]t really will always be about low blood circulation to surface tissue." (Market Intelligence Report, June 25, 2012, "Market Summary")
EPIC's AcuPAD™ products, made with AcuFAB™, "can optimize the way that both the blood vessels and lymphatic system distributes fluids to and from the surface tissue. By so doing, it is quite possible that we can avoid pressure ulcers, diabetic ulcers, and various other surface tissue lesions caused by a lack of oxygen to these tissues . . . By facilitating blood flow and by extension oxygen offload to surface tissues, not only can the inception of these debilitating sore be prevented but also those that have started to come about can be addressed early with combination of antibiotics and circulation management." (ibid.)
Due to the current economic conditions "and incredible pressure on the healthcare system . . . it would figure that one of the best ways to handle this is to mitigate . . . bed stays. Not every one can be helped by prudent [and effective] pressure overlay methodology, but many patients definitely can be helped and the amount of money that could be saved is staggering and is in the billions." (ibid.)
Valuation Summary for AcuFAB™
AcuFAB™ as a physical fabric is a tangible asset valued at cost, but as an intangible asset its Intrinsic, Fair or Fundamental Value is determined by a Weighted Average Cost of Capital based on an estimated gross profit generated from the sale of products made with AcuFAB™ within a fixed period of time. The Fundamental Value of projected net revenues and gross profits from AcuFAB™ products for a 5 year fixed period from the production of one Highland knitting machine is $17,005,963.
Valuation of EPIC and its Common Stock
The valuation of EPIC's estimated Firm Value and Equity Value makes use of two Absolute Value Models ("AVM"). One AVM model being a Present Value Model or Discounted Cash Flow model which derives value from the present or discounted value of its expected future sales and income. The two main definitions of cash flow models are Free Cash Flow to the Firm Model ("FCFF") and Free Cash Flow to Equity Model ("FCFE"). The Fundamental Firm Value under the FCFF model is $20,562,126 and the equity value under the FCFE model is $20,383,171.
The second AVM model is the Relative Valuation. This is an estimate of an asset's value relative to the value of another asset. A Relative Valuation is typically implemented using price multiples or enterprise value multiples in comparison to peer companies. The relevant price and enterprise value multiples comparisons are with SPAN, IVC, HRC, the Industry and the projections of EPIC.
The Relative Values for the Firm is $27,186,777 and the Equity is $27,388,516 with a per stock value of $1.06
EPIC is a preventative healthcare technology company whose mission is to provide people with better healthcare through technology. Visit www.epiccor.com for corporate information and www.otcmarkets.com for investor information.
Ronald Tucker CEO
Email: [email protected]
Telephone: (866) 737-1413
SOURCE EPIC Corporation
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
Sep. 27, 2016 10:45 PM EDT Reads: 3,380
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
Sep. 27, 2016 10:30 PM EDT Reads: 2,173
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Sep. 27, 2016 09:30 PM EDT Reads: 476
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 27, 2016 09:30 PM EDT Reads: 2,958
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Sep. 27, 2016 08:30 PM EDT Reads: 2,039
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 27, 2016 08:15 PM EDT Reads: 2,233
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 27, 2016 07:00 PM EDT Reads: 2,860
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Sep. 27, 2016 06:30 PM EDT Reads: 3,568
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Sep. 27, 2016 06:30 PM EDT Reads: 2,208
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 27, 2016 05:45 PM EDT Reads: 1,666
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
Sep. 27, 2016 05:30 PM EDT Reads: 2,036
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Sep. 27, 2016 05:15 PM EDT Reads: 322
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Sep. 27, 2016 05:15 PM EDT Reads: 2,773
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Sep. 27, 2016 05:00 PM EDT Reads: 1,603
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 27, 2016 03:15 PM EDT Reads: 2,772
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
Sep. 27, 2016 03:00 PM EDT Reads: 1,697
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 27, 2016 02:45 PM EDT Reads: 1,280
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 27, 2016 01:30 PM EDT Reads: 1,720
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Sep. 27, 2016 01:00 PM EDT Reads: 1,605
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 27, 2016 01:00 PM EDT Reads: 2,669