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Tremont Electric, LLC. Alternative Energy start-up company located in the Tremont neighborhood of Cleveland. Commercializing our proprietary technology.

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Presentation on theme: "Tremont Electric, LLC. Alternative Energy start-up company located in the Tremont neighborhood of Cleveland. Commercializing our proprietary technology."— Presentation transcript:

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2 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.

3 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.

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5 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.

6 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.

7 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.

8 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.

9 Additional Market Segments Boaters First responders Skiers Doctors & nurses Bike riders Construction workers Runners U.S. Forest Service Military Emerging markets (Kenya)

10 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.

11 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.

12 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

13 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.

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