*PRICE PER LICENSE
For young people with Autistic Spectrum Disorder (ASD), everyday settings such as a busy classroom, shopping centre or public transport, can cause anxiety and phobias.
The Blue Room is a virtual reality treatment that provides a controlled space for young people to face these scenarios. During the treatment, trained specialists help patients through situations within a personalized virtual reality space.
Many autistic people have difficulty creating scenarios using their imagination, which can make treatment of phobias difficult. Additionally, phobias and anxieties differ greatly from one person to the next.
This is where the Blue Room comes in.
We have created over 50 scenarios which we can alter for each patient’s needs. These are used to help patients overcome their anxieties of social interactions, objects or animals.
The Blue Room is a purpose-built virtual reality space built for people with ASD. Besides the wide range of scenarios it can simulate, it tackles many of the challenges of treating people with ASD.
Virtual reality headsets and goggles can distress people with ASD. Instead, Blue Room provides a room-sized space by projecting onto the walls, ceiling and floor. Patients have full control of their movement using a touch tablet, letting them progress at a pace they are comfortable with.
Overwhelming sensory input is a common problem for people with ASD in many everyday situations. The Blue Room provides safe exposure to these situations, as each scenario can be changed to reduce or increase the visual complexity and noise levels of the space.
Controlled trials have shown that 40% of the children treated at the Blue Room showed growth in coping with a real life situation after just 2 weeks. This grew to 45% after 6 months. These results are similar to other methods and the team is focused on how to further increase the rate of positive responses.
We promise to pay a royalty of 10% of all sales (revenue) made by Blue Room, divided evenly among qualified license holders.
Our projected revenues are as follows:
Blue Room Projected revenue
Blue Room Projected ILO Value
In addition to paying you a royalty, at the end of the 3rd year we can choose to extend the license for another 3 years, convert it to equity should we advance enough to take a public listing on a stock exchange, or buy the ILO back for cash should we conduct a major financing.
ILO Value is the estimated value of your ILO in USD ($). This is calculated using our projected revenue numbers. Therefore if our revenue projections are realistic and achievable, this is a good estimation of the buy out price you should expect at different stages.
February 6, 2020 - Immersive Therapy - Leading experts from Newcastle University, working with Third Eye Technologies, are using cutting edge virtual reality to help children with autism overcome their fears.
July 5, 2019 - Virtual Reality As A Treatment For Phobias In Autism - Fears and phobias are common among people with ASD, and can hinder their everyday activities, learning and social life. A pilot study shows the Blue Room can help treat these fears in adults too.
February 20, 2019 - Third Eye Neurotech and Newcastle University break fresh ground for people with autism - Third Eye NeuroTech’s Blue Room immersive virtual reality (VR) technology is in the spotlight following the publication of research which revealed its effectiveness in treating phobias and anxieties for children and adults...
February 15, 2019 - Virtual reality therapy treats autism phobias - The Blue Room, developed by specialists at Newcastle University working alongside innovative technology firm Third Eye NeuroTech, allows the team to create a personalised 360 degree environment involving the fear which may debilitate the person with autism in real life...
Frequently Asked Questions
If you are a qualified buyer, we are offering a 3-year license in Blue Room for a purchase price of $40. During that time, we promise to pay a 10% royalty on revenue received by Blue Room. See projected sales on this page above.
At the end of the 3rd year we elect to either roll the license again for another 3 years, convert it to equity should we advance enough to take a public listing on a stock exchange, or finally, buy the ILO back for cash should we conduct a major financing.
To qualify your license purchases and receive royalties Blue Room require that you share their promotional materials to your social networks, or directly to friends and family.