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Tremont Electric, LLC. Alternative Energy start-up company located in the Tremont neighborhood of Cleveland. Commercializing our proprietary technology named nPower™. 14 week window from being able to initiate manufacture of our consumer electronic device. The Technology:
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Tremont Electric, LLC. Alternative Energy start-up company located in the Tremont neighborhood of Cleveland. Commercializing our proprietary technology named nPower™. 14 week window from being able to initiate manufacture of our consumer electronic device. The Technology: nPower™ is a scalable Alternative Energy generation technology. Our Personal Energy Generator is only the first commercial embodiment.
nPower PEG Technology nPower™ converts kinetic energy from human walking to electrical power. For example, an 80 kg person creates an average of 78 Watts of power as he walks. Only 3% of the 78 Watts needs to be harvested in order to meet the maximum power requirements of USB 2.0. Independent test results show that the amount of power nPower™ produces (4 Watts) is sufficient to meet the USB 2.0 specification.
Initial Business Focus • Initial Product Focus • Small, inexpensive, easily assembled from outsourced components; nPower™ PEG • Intellectual Property • The IP team is experienced and has 1 granted patent in a similar field. • 3 Months spent mapping IP in this field. • 1 Utility Application, with PCT extension. • 2 Provisional Applications. • 1 Design Patent, extended internationally. • 3 Trademarks, extended internationally. • Much More to come…… • Device and Concept Testing • Initial commercial embodiment has been independently tested and proven successful. • Daily testing is underway. • Manufacturability (Cost Model) • All components have been quoted and devices have been built validating the cost model. • Preliminary manufacturing plan and quality control plan are developed.
Current Financial Need We are looking to raise $300,000 through Angel/Early Stage Investors. These Funds will allow us to: Begin Revenue Generation. Carry us to our VC round. Build our team with experienced Start-Up individuals and people with experience in our targeted markets. Build the company’s Web site and focus on marketing & PR.
Current Business Focus; Recruiting Management Team • COO • An experienced start-up leader, preferably looking for an equity position, that will lead the company through the follow-on round of Venture Capital. • Business Development • Individuals with an established network within the following sales/distribution channels: • Consumer Electronics • Outdoor Recreation • Military • First Responder/Homeland Security • Final Product Development • An experienced product designer, or an outsourcing option.
Market • Initial Target Markets (electronic device, bag, & walk approx 1 hr/day): • College Students • Backpackers • Commuters • Approximate Total Market Size: 11.24 million Americans • If Tremont Electric sells to a conservative 1% of these markets in the remainder of 2008-2009, 112,000 PEG devices will be needed.
Additional Market Segments • Boaters • First responders • Skiers • Doctors & nurses • Bike riders • Construction workers • Runners • U.S. Forest Service • Military • Emerging markets (Kenya)
Competition • M2E Power, Inc. (Boise, Idaho) • Directed toward the Military Market • Product is a Mechanical Battery, not a generator • Closed Series A VC Round at $8 million • Is constrained from our markets by their own IP • Funded by the Department of Energy (DOE) nPower™ technology produces 410 times the power that M2E produces.
Management Team Aaron LeMieux, Founder & CEO:Aaron has 10 years of engineering and business management experience. He has specialized in Crisis Management and Turnarounds of small cap local manufacturing companies and has been an independent start-up consultant to ALCOA. He has a granted patent in a similar field. Corey Andres, VP Business Development:Has experience in small start-up enterprises in the Columbus area. Corey has successfully lead the Friends and Family funding round for the initial capitalization of the company. Jill LeMieux, Marketing:Has over 10 years of Marketing and Management experience at local major manufacturer of consumer electronic devices. Jessica Davis, PR and Sustainability: An innovative leader at a local non-profit enterprise and a civic leader in the sustainability movement.
Service Team • Attorneys • General Business-Myers, Roman, Friedberg & Lewis, Mario J. Fazio, Esq. • IP-Curatolo & Sidoti Co., LPA., Sal Sidoti, Esq. • Equity Funding-Kahn Kleinman, LPA., Howard Bobrow, Esq. • Accountant • Komorowski Financial Group, Dan Komorowski • Marketing & PR • Felber & Felber Marketing, Robert M. Felber • Growth Consultants • Joel Strom Associates, Joel Strom • Current Investors • We have received $90k in Friend and Family investment to date
Financial Highlights From concept to working prototypes, a minimal amount of funding was utilized. The funds were used to secure IP and to refine the mechanical and electrical components. The projected 1% of sales to the initial target market (112,000 PEGs) will generate revenues of approximately $16,688,000 by year end 2009.