JAB Industries: The Solar Light Wallet

Innovations that can climb mountains

Overview
Create a detachable wallet that includes features catered toward hikers and campers.
Company Philosophy
JAB Industries values providing efficient and innovative products to our customers that will
make everyday living easier.
Product Description
The Solar Light Wallet is a gender-neutral bi-fold wallet that has a spot for an I.D., and space on
the left side for 3 cards. There is also a cash pocket across the top. In addition to these features,
our wallet is detachable, has a solar panel charger on the top of the wallet, and has a flashlight
along the side. This product will help hikers and campers if their phone battery runs low
wherever they are, as well as give them a source of light if they are wandering after dusk.
Features: Solar Panel Charger, Flashlight, and Detachable Feature
Target Audience: Campers and Hikers
Business Goals
1 Year: Create roughly 100,000 prototypes to have customers
test the product and provide feedback.
5 Year: Have the Solar Light Wallet be on the shelves of
Dick’s Sporting Goods and Bass Pro Shops.
Competition
Dick’s Sporting Goods is known as the place to get all sports and
outdoor products. Through looking at their wallet products, they offer bi-fold wallets that have
storage cash, cards, and identification. Another company that has produced a product that is
similar to ours is Lucca Bozzi’s Solar Wallet. This wallet claims to hold 10+ hours of charge in a
battery pack attached to the wallet. The Solar Wallet also has 3 card holders, as well as a money
clip. Our product offers a flashlight, detachable option, and an armband to make it easier to carry
the product in addition to the features on the Solar Wallet and typical bi-fold.
Financial Outlook
Revenue: $27.50
Cost: $25.00
Profit: $2.50
Profit equation and graph: y= $2.50x

Pricing Structure: Above the typical bifold price, but with the extra added appliances, it is well
within a reasonable price range.
Materials List:
 Clear Plastic - $12.99 (12’x50’)
 https://www.amazon.com/Frost-King-P1250R-Strength-
Density/dp/B01MYXLFMK/ref=sr_1_7?keywords=clear+plastic&qid=155
6677880&s=gateway&sr=8-7
 Clip Hook - $11.99 (12 pack)
 https://www.amazon.com/Gold-Lion-Gear-Aluminum-
Carabiner/dp/B07715VC1T/ref=sr_1_7?keywords=hook+clip&qid=1556
675730&s=gateway&sr=8-7
 Neoprene - $14.25 (sold by yard)
 https://www.amazon.com/Vogue-Group-1-5mm-Neoprene-
Fabric/dp/B07F436CS3/ref=sr_1_12?keywords=neoprene&qid=1556676
000&s=gateway&sr=8-12
 Silicon Cells - $15.87 (10 pack)
 https://www.amazon.com/AOSHIKE-Polycrystalline-Battery-Charger-2-
67x1-45inch/dp/B0736W4HK1?ref_=fsclp_pl_dp_1
 Lightbulb - $11.99 (50 pack)
 https://www.amazon.com/GutReise-50pcs-White-Light-
Miniature/dp/B07J692B4F/ref=sr_1_9?crid=1BHCWBD68N10A&keywor
ds=flashlight+light+bulbs&qid=1556677363&s=gateway&sprefix=flashlig
h+light%2Caps%2C170&sr=8-9
 ABS Plastic Sheet (12" X 24")
 https://www.amazon.com/Plastic-Sheet-0-0625-Robotics-
Teams/dp/B016PEMNLI/ref=sr_1_18?keywords=ABS%2BPC+plastic&qid
=1556678340&s=gateway&sr=8-18