X-Lint wins 2011 Net Impact Wal Mart pitch contest by unanimous vote
The 90 second pitch that follows was delivered, followed by 3 minutes of Q&A from the panel:
- Robert Kaplan: Manager, Corporate Responsibility for Brown-Forman Corporation
- Rahul Raj: Director, Sustainability for Walmart.com
- Emily Reyna: Project Manager, Environmental Defense Fund
- James Stanway: Senior Director, Global Supply Chain, Walmart
Pitch:
I’m Justin Lowell-Bellew from Leeds School of Business at the University of Colorado at Boulder, here to introduce the patent-pending “X-Lint”
(prototype passed to judges)
As you can see, the X-Lint attaches to a dryer filter. Airflow spins the propeller which, in turn, brushes against the filter, throughout the dryer cycle and removes lint from its path. In later prototype versions, there is a ring around the propeller to collect this lint.
Clogged dryer filters reduce airflow and increase drying times. By preventing lint buildup, X-Lint provides a path of least resistance for the air and reduces drying times.
There are ~90M HH dryers in the US, each of which represents ~5.8% of home energy use. Reducing this by 30% means an annual savings of ~$35-$70 per household, depending on energy rates.
Major utilities like SCE and Xcel offer rebates for customers who buy CFLs and other energy efficient devices like the X-Lint.
Many also work directly with retail partners to subsidize the cost to the consumer. For them, the X-Lint represents 2.9 billion kWh at 10% market penetration: more than 2 million tons of CO2 emissions avoided, annually.
For Walmart, it means an opportunity to help your customer save money and live better.
Thank you