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Monday, 10/19/2020 2:46:56 PM

Monday, October 19, 2020 2:46:56 PM

Post# of 163970
It has been stated in the past that every one of these products could be $100’s of Millions in Revenue on their own – Rx3000, Rx400, Rx Consumer model, Latex Gloves – but the one that hasn’t really been discussed is Vytex tires – sure I hear the snickers in the audience – but hear me out.

I am going to assume that they can get to the commercialization stage – tire unit sales WW in 2019 were approximately ~3.2B – that’s with a B.

Cars and light trucks were ~1.8B by themselves.

It doesn’t matter if the Car/SUV/Truck/Trailer/Bike etc is gas, electric or hybrid – they all need tires.

Assuming 1/10 of 1% of tire market – tire unit sales would be 3.2M units – assuming profit of $20/unit under any type of arrangement and you would get $60+M in profit annually – talk about an annuity – figure whatever multiple you want – but this is 1/10 of 1%.

imarc - Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

4. What are the major tire industry trends?
The major trends in the market include the development of green, eco-friendly tires that offer improved performance.
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