Lloyd D Kagan

US Patent:

20060136249, Jun 22, 2006

Filed:

May 10, 2005

Appl. No.:

11/125660

Inventors:

Lloyd Kagan - Coconut Creek FL, US
Steven Kagan - Coral Springs FL, US

International Classification:

G06Q 99/00

US Classification:

705001000

Abstract:

A method for recycling used items, such as automotive parts, includes a manufacturer and a network of service centers that are contractually obligated to return used components to a manufacturer in exchange for warranty payment by the manufacturer. The used items are preferably received by the manufacturer without charge from the service centers under the service centers' obligation to return the components to the manufacturer instead of otherwise disposing of them. The manufacturer sells the returned components to a reclamation facility. The reclamation facility extracts reusable elements from the returned components and sells the elements on the open market. The revenue received by the manufacturer from the sale of the returned components to the reclamation facility is recognized as profit to the manufacturer or is used to offset the manufacturer's warranty costs. The method permits the manufacturer to realize previously unrecognized revenue on the processing of recycled goods.

US Patent:

20060136239, Jun 22, 2006

Filed:

Dec 17, 2004

Appl. No.:

11/016486

Inventors:

Lloyd Kagan - Coconut Creek FL, US
Steve Kagan - Coral Springs FL, US

International Classification:

G06Q 99/00

US Classification:

705001000

Abstract:

A method for recycling used items, such as automotive parts, includes a manufacturer and a network of service centers that are obligated to return defective, worn out, broken, or otherwise used components to a manufacturer/franchisor in exchange for warranty payment by the manufacturer. The used items are preferably received by the manufacturer without charge from the service centers under the service centers' obligation to return the components to the manufacturer instead of otherwise disposing of them. The manufacturer sells the returned components to a refurbisher. The refurbisher then refurbishes the items and sells them on the open market. The revenue received by the manufacturer from the sale of the returned components to the refurbisher is recognized as profit to the manufacturer or is used to offset the manufacturer's warranty costs. The method permits the manufacturer to realize previously unrecognized revenue on the processing of recycled goods.