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• Products (cont.) <br /> To reduce the time to market,much of the production of this product will be outsourced in <br /> the first year. A concurrent cost analysis will be done in the first year to determine the most <br /> economical means of producing the product internally. If proven cost effective,the new <br /> production methods will be implemented the following year. <br /> The estimated life cycle of this product is six years based on the performance of other <br /> similarly priced electronics in this industry that have significant competition. Typically, <br /> older products are phased out because new products are added with improved technology <br /> either by the same company,the competing companies, or both. <br /> With the anticipation of growing competition Watermark is planning the next generation <br /> Fishcam, internally referred to as Fishcam II. <br /> Fishcam II: <br /> Fishcam II is the planned next generation Fishcam product which is scheduled for a year <br /> 2000 introduction. High technology features added to the original Fishcam product will be <br /> implemented in response to competition and market demands. New product features may <br /> include a wireless camera head,zoom options,remote position control, additional sensors <br /> (i.e. temperature, depth, etc.)and displays. <br /> The flexibility of the original Fishcam product could be enhanced through the elimination of <br /> the cable between the power-viewer and the camera head. The camera could be placed or <br /> suspended at a remote underwater location with no physical attachment to the boat. <br /> Position control could also be added, allowing the fisherman to move the camera head to a <br /> location of interest by manipulation of controls at the power-viewer. All information would <br /> be conveyed without wires. <br /> Additionally, a variety of sensors or gages could be added to the product that would provide <br /> more information to the fisherman about the environment in which the camera head is <br /> located such as temperature and depth. These could be displayed on the main power-viewer <br /> screen overlaying the video images. Market research has indicated that some of the high <br /> end fishing electronics manufacturers are combining technologies into hybridized <br /> instruments. For this reason it may be advantageous to plan for integration of additional <br /> technologies into future Fishcam products. An example would be to combine fish locator <br /> information with the image data produced by Fishcam on the same display. <br /> Other features could include alternative or additional image sensing technology that would <br /> permit the locating or viewing of objects and fish in highly turbid water. <br /> As we gather marketing data on Fishcam field performance and acceptance, we will be <br /> better prepared to make decisions on the fmal Fishcam II features. New technologies will <br /> also enter the price ranges that would make their incorporation into the product possible. <br /> This will undoubtedly spawn new ideas for Fishcam II, and future products. <br />