Project Battery-Free IOT
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Powering Billions of IoT Devices Without Batteries
Two technologies that have been successfully demonstrated for three years can produce enough electricity to power a wide range of Internet of Things (IoT) wireless sensors and other low-power devices without batteries. Tens and possibly hundreds of billions of such devices are likely to be deployed in the next decade alone.
A definitive market study has concluded that such unprecedented growth in the population of IoT devices cannot be realized without the successful introduction of battery-less power sources, the essential performance of which has only been achieved to date by these technologies. They are the subject of 13 issued and allowed US patents and are advancing to the market at a national lab research center.
A long-established American company is seeking up to $4 million to position itself to begin negotiating licensing agreements in 2019.
A major 2017 study published before these technologies were announced concluded that 80% of the IoT’s potential will not be attained unless someone comes up with a permanent, reliable, non-battery power source for wireless devices. The study stated:
“Internet of Things nodes cannot be deployed in hundreds of billions if their batteries have to be replaced. At least 80% of the potential for [the] IoT will be denied us since they need to be working decades from now despite being inaccessibly embedded in [the] concrete of bridges and buildings, on billions of trees and so on.”
Battery Elimination in Electronics and Electrical Engineering 2018-2028
IDTechEx, August 2017
Inexpensive to produce, the technologies consume no fuel, have no moving parts and include no toxic materials. Where appropriate, both of them can be used in the same device to provide redundant sources of power.
The Company and its spinoffs also hold rights to a patent issued last year on a method many IoT transmitters use to avoid turning on the wrong device.
The Company does not plan to manufacture, market and sell products itself – monetizing its technologies instead through licensees and alliances already formed with highly capable international entities. Its funding needs are therefore chiefly near-term, to cover ramp-up of prototype manufacture, further refinement of the technologies and negotiation of the first wave of license agreements.
Meanwhile the Company maintains very low overhead. It is managed by an affiliate that provides management services, office space and equipment, and lab and machine shop facilities at no more than burdened cost.
The Company has assembled a sales and marketing team of five individuals with combined experience of more than 100 years in high tech development and corporate management, including in C-level executive positions in Silicon Valley. This team brings with it a significant global network of high-level industry contacts and is targeting a launch for the Company’s technologies by next year through the creation of partnerships and licensing agreements. These individuals are compensated through stock options and success fees. A majority of them, through previous investments, already have substantial personal financial stakes in the Company’s success.
No Directly Competitive Technologies on the Horizon
A report published in November 2017 by the National Institute of Standards and Technology (NIST), an agency of the US government, summarized the conclusions of a workshop held earlier in 2017 among leading government scientists, academics and industry researchers, who agreed that no identified solution to the “battery problem” existed at that time. The NIST report suggests that the nation’s top researchers hadn’t given serious consideration to anything like the Company’s technologies, meaning it’s likely that the Company is years ahead of anyone else in this field.
Thirteen patents on these technologies have been issued or allowed by the United States Patent and Trademark Office and other patent applications are pending.
The International Searching Authority (ISA), which reviews patent filings for the 150+ member countries of the Patent Cooperation Treaty (PCT), has provided Written Opinions indicating all of the claims in the first three of the Company’s related international patent applications should be patentable.
GOVERNMENT FUNDED RESEARCH FACILITY
The top two executives at a leading US wireless sensor research facility reviewed the first two of the Company’s allowed patents before agreeing to align with the Company. The two executives have a combined 70+ years of executive and technological leadership in globally important high-tech companies – experience that enabled them to expertly evaluate both the technical basis and market potential of the technology.
The Company is conducting an offering of up to $4 million in Subordinated Promissory Notes (the “Notes”) to accredited investors on a best-efforts basis to fund the Company’s operating expenses, including the operation of a prototype manufacturing line, a necessary prerequisite to generating licensing revenue. The Notes are optionally convertible loans of at least $50,000, convertible to equity units of the Company at any time while the Note is held.
Although the Notes are not collateralized, the Company believes the value of its rights to what will be dozens of US and foreign patents will far exceed the amount of debt that it might be expected to generate given its business strategy described above. Because of this, the Company believes the risk of loss of principal is extremely low.
Loan Maturity: Three years, or at Lender’s voluntary conversion of all principal prior to three years, or if the Company is sold to a third party, whichever comes first.
Interest: 8.33%, payable at 3-year maturity or upon the Company’s sale to a third party. Interest will be calculated based on outstanding (i.e., non-converted) principal and accumulated interest.
Determination of Unit Price for Optional Conversion to the Company’s Units: The lowest unit price in an arm’s length sale by the Company prior to conversion with a maximum conversion amount to be determined based on the size of the investment.
A direct investment in the equity of the Company is also offered, with the unit price based on the size of the investment.