Hoverboard Giveaway Contest
Glossary of Terms
Criteria |
Design |
Non-Compete Clause |
Non-Disclosure Agreement |
Common Surfaces |
Proof-of-Concept
Criteria
POC's sumitted for consideration must meet the following criteria in order to
be eligable for the $10,000 prize:
• Device must levitate it's own weight plus a payload of 1 pound.
• Device must have a ground clearance of at least 6 inches.
• Device must work over ordinary surfaces
• Device must not create a fire hazzard.
• Device must not emit pollutants.
• Device may not be lighter than air.
• Device must be scalable. For example if it takes 10 watts to lift 1 pound, then 1000
watts should lift 100 pounds.
Design
Competitors may elect to submit a hoverboard Design instead of a Proof-of-Concept. The Design must be unique
(not one of HoverTech's designs) and meet all the same Criteria as a
POC. The more detailed and convincing the Design is, the better your chances of winning. Designs must be
written in the format of a scientific paper and follow the
Scientific Method. Diagrams should
be included where appropriate.
Email submissions to: designs@hovertech.com. Acceptable formats include: MSWord Doc, Adobe Acrobat PDF,
or Microsoft Power Point PPT. Winning design will be selected within one week following Contest
Deadline.
Non-Compete Agreement
A non-compete agreement, or covenant not to compete (CNC), is a term used in contract law under which one
party agrees to not pursue a similar profession or trade in competition against another party. The use of
such an agreement is premised on the possibility that one party may begin working for a competitor or
starting a business, and gain a competitive advantage by abusing intimate knowledge of the other party's
operations to release trade secrets or sensitive information such as customer/client lists, business
practices, upcoming products, and marketing plans.
Non-Disclosure Agreement
A Non-Dislosure Agreement, or NDA, is a contract through which the parties agree not to disclose information
covered by the agreement. An NDA creates a confidential relationship between the parties to protect any type
of trade secret.
Common Surfaces
Common surfaces include streets, sidewalks, grass, sand, carpet, tile, wood flooring, and any other
surface a hoverboard might be expected to work over. Buried magnets, wires, and metal surfaces are
prohibited.
Proof-of-Concept
Proof-of-Concept, or POC, is a device which demonstrates the feasibility of a concept or idea. It's
purpose is to verify that some concept or theory is probably capable of exploitation in a useful manner.
The proof of concept is usually considered a milestone towards the realization of a fully functioning
prototype.
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