{"data":{"type":"company_profile","id":88808,"entity_id":"wefunder:company:88808","attributes":{"canonical_url":"https://wefunder.com/active.safety.system.technologies.inc","generated_at":"2026-06-08T05:06:07Z","updated_at":"2026-06-08T05:00:47Z","entity_ids":{"company":"wefunder:company:88808","slug":"wefunder:company_slug:active.safety.system.technologies.inc"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-08T05:06:07Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-08T05:00:47Z","as_of":"2026-06-08T05:06:07Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-08T05:00:47Z","as_of":"2026-06-08T05:06:07Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-19T16:15:31Z","as_of":"2026-06-08T05:06:07Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-19T16:15:31Z","as_of":"2026-06-08T05:06:07Z","confidence":"medium"}}},"company":{"id":88808,"entity_id":"wefunder:company:88808","slug":"active.safety.system.technologies.inc","name":"Active Safety System Technologies Inc.","tagline":"Amazing safety systems to protect US soldiers/citizens from IEDs/eVTOL crashes.","elevator_pitch":"We create innovative solutions to protect land vehicles from mine blasts and to enable eVTOL aircraft to land safely in the event of an emergency.","story":"Active Safety Systems that Save LivesInvestors will be investing in Active Safety System Technologies Inc (ASST).\u0026nbsp; ASST is a subsidiary of Advanced Blast and Ballistic Systems Ltd. (ABBS) based in the UK and will have the exclusive distribution rights for ABBS products in the USA and Canada.The parent company, ABBS, develops technology that protects American soldiers and citizens - both on the battlefield and here at home.\u0026nbsp;\u0026nbsp; ASST will have the exclusive rights to market those key solutions to the North American market.The\u0026nbsp;two major product areas which ASST will be marketing are the ABBS Armored Vehicle Protection Systems and Safety Eco-System for eVTOL (electric Vertical Take-off and Landing) Aircraft.The Armored Vehicle Protection Systems are built on ABBS's exceptionally powerful VGAM™ (Vehicle Global Acceleration Mitigation) system for counteracting mine/IED explosions. The systems are being developed by ABBS (the parent company of ASST) with funding from the US Army under a multi-year Cooperative R\u0026amp;D Agreement (CRADA)The Safety Eco-System for eVTOL is built on ABBS's proprietary active “Zero Altitude - Zero Speed” system and combines parachutes and retro-rockets with specific sequences for each emergency circumstance to control the descent rate and achieve a safe, soft landing.\u0026nbsp;The systems are being developed by ABBS (the parent company of ASST) in conjunction with a specialist Artificial Intelligence (AI) company in the UK, alongside a leading ballistic recovery system provider in the US.Whilst one system is clearly defence-related and the other serves the\u0026nbsp;aerospace market both of these safety systems are built around different versions of the same\u0026nbsp;SAFE/ARM and sensor control/initiation technology and\u0026nbsp;powerful rocket motors as core elements of both systems.ABBS (Parent Company) Armored Vehicle Protection SystemsImprovised Explosive Devices (IEDs) were the largest cause of civilian and military death during recent wars. In Afghanistan alone, 42% of US military deaths and 49% of UK military deaths were caused by IEDs.When a vehicle hits a mine or IED it is often accelerated very quickly up into the air. This is known as the Global Acceleration of the whole vehicle, and above a certain level (about 30feet/second)\u0026nbsp;it can result in spinal compression injuries. The occupants can be killed or severely injured just by this rapid acceleration upwards even if the vehicle cabin is not penetrated by the blast.ABBS's Armored Vehicle Protection Systems counteract the lifting forces of the mine, keeping the vehicle on or near the ground and preventing injuries to the occupants.ASST will have the sole licensing rights to distribute ABBS products, backed by a strong patent portfolio owned by its parent company, ABBS, across North America.The ABBS (Parent Company)\u0026nbsp;VGAM System The Vehicle Global Acceleration Mitigation (VGAM™) system uses patented high-impulse Linear Rocket Motors (LRM™) to keep the vehicle on or near the ground to prevent fatal or disabling spinal injuries. At the same time, carbon fiber reinforced belly plates and active floor systems protect the occupants from the other threats from underbelly mines and IEDs, with stroking blast seats dealing with any residual Global Acceleration. The full suite of systems provides protection against all threats to the occupants from under-belly mines and IEDs. The combined result is a lightweight, effective system for protecting modern armored vehicles from the effects of mine and IEDs, with the possibility of even the biggest IEDs being defeated. Funding for the urgent development of this very large IED capability is being pursued in a coordinated approach to the US Army and the Pentagon.ASST’s target customers for the Armored Vehicle Protection Systems are the US and Canadian armed forces, to which we expect to sell our systems after they have been certified for use. We also plan to sell our systems to aid agencies such as the United Nations and other non-governmental bodies operating in war zones and former war zones where legacy mines and IED’s are a pervasive and enduring threat. The parent of ASST (ABBS) is similarly pursuing the global market outside the USA and Canada.The system is completely modular and depending on the specific elements and specifications required, the value per vehicle could be anything from $20,000 - $400,000.Recent and Planned DevelopmentsForward-looking projections cannot be guaranteed.Proven VGAM Technology – Snatch Land Rover Testing in UK 2017The full suite of systems was first tested in the UK in 2017 on a Snatch Land Rover which was a basic lightly protected UK Army patrol vehicle.Further Major US Army\u0026nbsp;Test in the USAThe 2017 UK proof test was followed by a much larger US test carried out in 2018 by BAE Land Systems on behalf of the US Army. This is still classified but it can be reported that it was completely successful. Further testing by the US Army to determine the best configuration for the Linear Rocket Motors continued during 2020.Media Interest Led to the Pentagon’s Direct ResponseThe British Forces Broadcasting Service\u0026nbsp;video below outlining how the technology works has been viewed over 1 million times and was seen by someone in the Pentagon Rapid Reaction Technology Office, who then contacted ABBS in the UK directly . This led to us being invited to present at a Pentagon Technology Discovery Event at which we will liaise with the relevant personnel and discuss possible funding routes for the full certification of the VGAM technology, supported by personnel from the US Army Ground Vehicle Systems Centre in Detroit. We do anticipate that the further R\u0026amp;D and certification costs for the VGAM system will be funded by the Pentagon/US Army so that capital from this raise will not have to be spent on it. Forward-looking projections cannot be guaranteed.Belly Plate Development for Light Commercial VehiclesEven without the top-mounted VGAM system, the newly designed shockwave-mitigating, energy-absorbing Composite Reinforced Belly Plate mounted on a Toyota Hilux can offer full protection for occupants against major injuries in the event of a 4kg TNT equivalent under-body mine blast, and partial protection (no penetration) against 6kg. This level of protection is far more than has ever previously been demonstrated on such a light civilian vehicle.It is the strength of the technologies developed by its parent, ABBS which will provide ASST with a strong product portfolio to market in North America.**********************************************************************ABBS (Parent Company) Safety Eco-System for eVTOL AircraftASST is not just focussed on protecting the armed forces.\u0026nbsp; We want to ensure that passengers and the general public on the ground are safe in the burgeoning Urban Air Mobility market where the new breed of electric Vertical Take-Off and Landing (eVTOL) aircraft and larger delivery drones will be allowed to operate at low height above cities.eVTOLs will be commonplace in major cities across the United States within the next 5 years. Companies like Archer Aviation, Joby,\u0026nbsp;Volocopter, Lilium,\u0026nbsp;and Vertical Aerospace have announced multi-billion $ contracts to supply hundreds of eVTOL aircraft to major brands like United Airlines, JetBlue, Virgin Atlantic, American Airlines, lessor Avolon, helicopter group Bristow, Iberojet, and Japan’s Marubeni group. By 2030, the market is expected to be worth $15B+ and ASST will market the range of ABBS systems to these eVTOL manufacturers. In principle, some individual elements of the complete safety system could be provided on all the anticipated 50,000 aircraft in the US, creating a potential almost $1billion annual market for ASST to target.\u0026nbsp;Forward looking statements cannot be guaranteed.\u0026nbsp; ASST\u0026nbsp;has the sole licensing rights to distribute ABBS products. ASST does not own the rights to any ABBS technologies, patents, or non-distribution-related contracts.The ProblemThough eVTOLs are about to play a large role in our daily lives, there are some safety hazards that relate specifically to these large, multi-rotor\u0026nbsp;drone-like aircraft that currently do not have solutions other than the multiple redundancy of systems that the designers are building into their designs. Manufacturers are currently more concerned with building eVTOLs that can be certified and commercialized as soon as possible, while the regulators are still looking to update their certification standards before eVTOls enter public service, to take account of the varied novel design concepts. eVTOLs currently have multiple redundancy measures (i.e. backup systems) built in, but redundancy does not deal with all the possible critical issues, especially large bird strikes.Without reliable certified\u0026nbsp;solutions for these scenarios, eVTOLs which have a serious malfunction are at risk of an uncontrolled descent, possibly crashing into pedestrians, cars, or buildings on the ground. The ABBS (Parent Company) SolutionASST will be able to market the crash prevention solution being developed by its parent, ABBS, to work in practically all circumstances, even when everything else fails, by using a combination of artificial intelligence, parachutes, retro-rocket motors, and stroking crashworthy seats. We have entered into a collaboration agreement with our US partner, Aviation Safety Resources - a leading provider of ballistic parachute recovery systems for light aircraft and eVTOLs - to create a robust Emergency Descent Arrest System (EDAS) that is fully safe and will meet all aviation safety requirements. The US patent for 'Emergency landing of aircraft' was approved on 19th November 2021 and is owned by the parent company, ABBS.\u0026nbsp; ASST will have the benefit of this patent when offering the product to the US and Canadian markets.The “Zero Altitude - Zero Speed” EDAS system\u0026nbsp;controls the descent rate to achieve a safe and soft landing.The 45kg/100lb system illustrated here is for a 2-seat 2,000kg personal aircraft which includes a parachute, retro-rocket motor system and stroking seats priced at about $30,000 to $50,000. For larger 4/5 seat UAM eVTOLs the full system could cost up to $250,000.Elements of the Eco-System could be offered at lower cost for use on delivery drones where protecting the public from the potential of a drone falling out of the sky is essential to ensuring confidence in the use of this delivery method.Recent and Planned DevelopmentsForward-looking projections cannot be guaranteed.Proven Patented Technology, Major New Developments \u0026amp; Secured Agreements With Partners – The Vision for ASSTThe full technology and product portfolio of the parent company, ABBS, consists of a mixture of proven systems and those requiring further development and certification.\u0026nbsp; This provides ASST with a huge opportunity to exploit both the armored vehicle and eVTOL markets in the USA and Canada.NOTE: Whilst ASST Inc will not own any of the patents / IP which will remain owned by the UK parent (ABBS), on completion of this fund-raising, ASST Inc will be granted the exclusive distribution rights for the entire ABBS technology portfolio in the USA and Canada.This investment is in Active Safety System Technologies Inc - references to the UK based parent ABBS are intended by way of illustration of the potential market and technologies which will be marketed by ASST Inc in the USA and Canada only.What's Next for ASSTBoth of the major products, the VGAM and the eVTOL EDAS systems are in the late stages of development with defined routes to certification. We are preparing to commercialize these technologies and ABBS aim to make their leading-edge patented technologies the unique go-to solutions for the major safety issues in the military and eVTOL markets globally.ABBS in the UK will remain responsible for the continued development and certification of the systems, leaving ASST to market those products to North America.IP OverviewThe parent company, ABBS, has a robust patent portfolio that protects both the eVTOL and Armored Vehicle solutions which ASST will be marketing. The ABBS patent portfolio was valued by Inngot in October 2019 at $6,300,000 - $9,000,000 on a 'value contribution basis' and $11,000,000 - $12,200,000 on an 'invested value basis'.ASST will have the benefit of the following US patents owned by its parent ABBS:The parent company, ABBS have several potential R\u0026amp;D contracts, trials and commercial buyers in the pipeline in both of the major market areas.We want to raise up to $250,000 to ensure that our marketing efforts in North America are successful. \u0026nbsp;The funds raised will be utilised for general running costs of ASST and promotional activites, particularly to allow attendance at forthcoming armoured vehicle survivability conferences and the re-arranged Pentago TIDE event in September / October 2022.Forward-looking projections cannot be guaranteed.This investment is in Active Safety System Technologies Inc - references to the UK based parent ABBS are intended by way of illustration of the potential market and technologies which will be marketed by ASST Inc in the USA and Canada only.Potential Exits - Past History - The Advanced Composites Group in the UK.Roger Sloman started his first company\u0026nbsp;in 1975 in the spare room and garage in his house\u0026nbsp;making carbon fibre components for the Formula 1 motor racing cars and this was developed over 29 years\u0026nbsp;into the\u0026nbsp;Advanced Composites Group which was sold for $60.76m in 2004 at about 1.26 times T/O and 11.6 times Operating Profit.\u0026nbsp;(Note:- $50million went to VC investors and staff.)This high valuation for a private company buy-out was based on the combination of four key elements: Technology protected by\u0026nbsp;patents. Unique prepreg carbon fibre\u0026nbsp;material products for the aerospace and motor racing industries\u0026nbsp;that gave a technical and/or cost advantage. A global marketing and sales\u0026nbsp;footprint. Production in the USA.ASST is based on the same combination of:- Marketing ABBS Technology which is protected by patents . Unique products/technology that solve key safety problems for armored vehicles and eVTOL aircraft. A strong presence and existing contacts within both the US military and the eVTOL market\u0026nbsp;in the USA. Cooperative Manufacturing and Marketing\u0026nbsp;Agreements for some parts of the business already established, with potential for further evolution in due course.Potential Exits - Most Likely ScenariosMultiple potential exit routes are available due to the two different markets and technologies, but the most likely scenario in the near/intermediate future\u0026nbsp;is for a global defence industry player to want to get access to, or control of the VGAM mine/IED protection system technology as this is truly unique, difficult to replicate due to the propellant manufacture and\u0026nbsp;rocket motor expertise required, and very fully covered by granted patents in the key countries globally. ABBS (the parent company) currently have one such discussion which started in January 2022 with a major European defence company, whom are also involved with the next generation US Army vehicles and we therefore hope will want access to the same technologies in the US.The newly identified US Army\u0026nbsp;requirement for a solution to the large IED threat\u0026nbsp;and the potential Pentagon interest in the technology is creating potentially strong 'user pull' for the technology which means that the market for the product should develop in the relatively near term to repay the investment required to fully develop and certify the technology for production.A similar rationale applies to the suite of\u0026nbsp;eVTOL safety systems which the parent company, ABBS has developed, with the rapidly developing\u0026nbsp;US market being a major part of the global potential.\u0026nbsp; ASST will be able to exploit the developing eVTOL market in North America by marketing the safety system technologies from its parent, ABBS.Forward-looking projections cannot be guaranteed.FinancialsASST Inc is currently a start-up Company and has no trading history. However, as a subsidiary within the larger UK-based Advanced Blast \u0026amp; Ballistic Systems Limited group\u0026nbsp; ASST will be granted an exclusive distribution agreement to cover USA and Canada for all products sold by ABBS.Previously ABBS has sold $900,000 of VGAM-related products for evaluation by the US Army,\u0026nbsp; including for the very successful full scale vehicle test in 2018, and further rocket motor testing in 2020.All R\u0026amp;D is carried out under ABBS control in the UK, and patent applications made by ABBS as appropriate. Total investment by ABBS since 2008 to date is over £8million/$10.8m.As ABBS has all the facilities and staff to conduct the required R\u0026amp;D the UK will continue to be the location of all R\u0026amp;D until it is appropriate for specific work to be done by ASST in the USA.All the R\u0026amp;D and product development is equally as relevant for ASST to sell in the US and Canadian markets as for ABBS in Europe and globally.\u0026nbsp; This investment is in Active Safety System Technologies Inc - references to the UK based parent ABBS are intended by way of illustration of the potential market and technologies which will be marketed by ASST Inc in the USA and Canada only.*******************************************************************More Detailed InformationThe Origin of the VGAM Concept, Why Existing Armored Vehicle Mine/IED Protection is Insufficient, and the Potentially Game-Changing Development Being Discussed With the US Army and the Pentagon RRTO.Roger Sloman's\u0026nbsp;first involvement in armored vehicle blast protection was in 2008 when, having retired after the sale of Advanced Composites Group,\u0026nbsp;he was acting as a consultant for a small UK company which claimed to have a blast protection system for vehicles. He quickly proved the system did not work\u0026nbsp;so he organized further testing using an ex-Russian BRDM2 armored vehicle.On viewing the high-speed video Roger observed that while the vehicle\u0026nbsp;was overturned by the 6kg blast under a front wheel, the complete vehicle did not\u0026nbsp;begin to move upwards for about 10ms after the mine exploded. He concluded that this 10ms delay in movement was a time window during which it would be possible for some form of action to be taken to prevent the vehicle being blown into the air. But it was not until after he had left the company later that year in July\u0026nbsp;that he realized that simply pushing down on the vehicle with very fast-acting powerful rocket motors could provide a solution. The initial patent application on the concept was made by ABBS in December 2008, identifying a novel rocket motor configuration that might be suitable for the purpose. After experimenting with different forms of countermeasure the Linear Rocket Motor concept was developed and implemented in testing, which proved to be an excellent solution, being lightweight and easily fitted anywhere on the top surface of the vehicle without any significant increase in the vehicle height.Due to heavy losses from mines and IED’s in Iraq and Afghanistan the US Army developed new vehicle designs with high ground clearance and deep V shaped hulls to help divert the mine blast forces out to the side, but the concept does have many disadvantages. The high center of gravity results in instability and poor handling with roll-over accidents being quite frequent and the high vehicle presents a larger target for the enemy. The increased size and additional armor also made the vehicles very heavy with extremely high fuel consumption and almost no ability to move off-road for fear of getting bogged down in soft ground.The combination of the V-hull, high ground clearance and the high weight did however reduce the issue of Global Acceleration injuries to the crew to a large extent, but after Afghanistan it was concluded that this type of design was impractical for general service and these big heavy vehicles with high fuel and maintenance costs have now largely been phased out, and new designs are more focused on light and medium weight designs, which of course are now more susceptible to the Global Acceleration problem, which is now the critical parameter limiting the mine/IED protection levels of modern armored vehicle designs.Specifically, it is the limited capability of the stroking blast seats (about 30ft/s upwards velocity) in the vehicles to deal with the global acceleration level that determines the overall mine blast capability of the vehicle, which for light/medium weight vehicles is often in the 6kg or 8kg range, which is far below the size of many mines and IED’s used in Afghanistan.The addition of the VGAM system to a vehicle can dramatically increase the level of its mine blast capability, potentially to the 50+kg or even the 100kg\u0026nbsp;level, and this is what ASST and its parent, ABBS are now promoting to the global armored vehicle industry.\u0026nbsp;The key factor is that the VGAM system can make the vehicle 'weigh' up to 1,000tons for just the 20 to 50ms required to counteract the blast lifting forces for the addition of just 0.5tons system weight added to the base vehicle design.A Whole New Tactical Mobility Capability is Now Possible.A whole new generation of armored vehicles with massively increased mine/IED protection levels is now possible, enabled solely by the availability of the VGAM technology to eliminate the Global Acceleration threat. And this new capability is now being put forward to the US Army\u0026nbsp;as a game-changing development which will enable a major change in army tactics where mines and IEDs are a threat.\u0026nbsp;Currently mine fields are used conventionally to deny ground for manoeuvre by land forces, and in Afghanistan 'mobility' was often reduced to walking pace by the need for a individual to walk in front of a convoy to check for mines and IED's with a hand-held mine detection device, and then being stopped while threats are cleared manually. Additionally, if a convoy is on a narrow track, especially in hilly or\u0026nbsp;mountainous regions,\u0026nbsp;the tactic of hitting the lead vehicle\u0026nbsp;with an IED to disable it and block the track\u0026nbsp;is a\u0026nbsp;critical ambush threat. In Afghanistan this did sometimes lead to very serious casualties, the Taliban being able to continue firing down from prepared\u0026nbsp;elevated positions\u0026nbsp;at the stationary convoy for a long period until air power and landing troops from helicopters\u0026nbsp;could be used to control the situation.The VGAM technology can be used to make armored vehicles so IED-resistant that they can sustain large IED hits and remain mobile, so that minefields and the tactic of disabling the lead vehicle in a convoy\u0026nbsp;are no longer effective in restricting mobility.Without the VGAM system and Carbon Fiber Belly Plate the vehicle is very badly damaged having been blown over 5m (16ft) into the air, and the occupants would all either die or be very seriously injured The Detailed Sequence of EventsEffects on the OccupantsWhen performing our tests for the Snatch Land Rover with the full range of ABBS Armored Vehicle Protection Systems, we used a Hybrid lll Anthropomorphic Test Device (a replica of human body with strain gauges to determine loads at key positions) in a stroking blast seat inside the vehicle to ascertain the forces on personnel within the vehicle. The results were all within the acceptable range as shown in the table below.The same belly plate design can be used to improve existing blast protection on vehicles being designed by OEMs for both military and civilian use and can offer reduced deformation with up to 30% weight savings compared to steel armor belly plates.A separate discussion is also ongoing with a major European defense industry group for which the VGAM system would be an excellent fit within their product portfolio, so this may provide another independent route to full certification of the system.*********************************************************************The Origin of the ASST Safety Eco-System for eVTOL AircraftAny single novel aircraft design concept can have un-predicted undesirable flight or failure characteristics and now we have over 400 new eVTOL projects being designed and built to many different aerodynamic concepts using various power sources (lithium ion batteries, hydrogen fuel cells, hydrogen or green hydrocarbon turbines). The combination of commercial pressure and these multiple, varying novel design factors could have some unpredictable and unfortunate safety consequences in due course while the industry and the regulators go up a very steep learning curve.In addition, fundamentally all aircraft in the VTOL phase of flight are very vulnerable to any power or control problem, or any Foreign Object Damage from anything thrown up by the downwash during landing.Lack of forward movement means no lift is provided by fixed wings and hence the electric motors need to be at maximum power and full lift, resulting in very high loads on the power system and motors which will reach maximum operating temperature very quickly during the hover/descent and there are serious concerns about system and battery overheating which could result in battery fires which cannot be extinguished. It is known that at least two eVTOL designs have been destroyed due to battery fires while testing on the ground. and one electric conventional design aircraft has crashed killing the test pilot and passenger, almost certainly due to a battery pack fire in flight.The Harrier accident rate is 10X that of conventional fighter aircraft.eVTOLs currently have multiple redundancy measures (i.e. backup systems) built in, but redundancy does not deal with all the possible critical issues, especially large bird strikes.The Bird Strike ThreatThe regulators have adopted the current helicopter requirement of a 1kg (2.2lb) bird for the bird strike certification test. To increase the bird weight to 2 or 3kg to deal with at least some of\u0026nbsp;the heavier water birds which frequent the rivers, lakes, or seas around which\u0026nbsp;most cities are built would probably add so much weight to the eVTOL designs that they would become uneconomic.\u0026nbsp;It therefore seems very likely that there will be serious\u0026nbsp;bird strike incidents which will in due course\u0026nbsp;cause\u0026nbsp;aircraft operating in the Urban Air Mobility/Taxi role to perform emergency descents, which might be uncontrolled. Without at least a ballistic parachute recovery system which is effective at low level, a strike with a large bird may well result in a completely uncontrolled descent to the ground as the aircraft will only have been tested with a 1kg bird during certification.The ABBS (Parent Company) Eco-Safety System can help manufacturers to bridge that safety gap.The Detailed Sequence of Events*************************************************************************Alongside these major active elements, passive systems and third-party products which are also important parts of the whole safety system concepts have been added to the portfolio as the opportunities have arisen. One example is the stroking crashworthy/blast seats which can be used in both eVTOLs and armored vehicles. Another is the Video/AI Look-Down system that applies to both markets in different ways and which has had an enthusiastic reception from major players in both.Stroking Blast Seats Stroking blast seats are an important part of the whole system to protect the vehicle occupants from the effects of Global Acceleration and ABBS has an agreement with a leading Israeli stroking seat supplier for the development of seats for specific vehicle applications, and for the eVTOL market. These seats will be available to ASST to sell in the USA and Canada.Ballistic Protection Development Agreement With Graphene Composites Ltd.Our activity in the armored vehicle market means that we have the opportunity to sell third-party products alongside our own systems to the same customers, hence maximising the return on the investment in sales and marketing activities. In this context we have an agreement with Graphene Composites Ltd (GC) to collaborate by exploring the opportunities to incorporate their products in ABBS systems, and potentially also develop new applications in armored vehicles for their graphene reinforced ballistic protection products. Currently they have developed their products primarily for the personal protection and police ballistic shield markets, but it is possible that the graphene-based\u0026nbsp;technology has applications in blast protection systems as well.","location":"Shelby, MI","website":"https://www.asst-technologies.com","total_amount_raised":52644,"total_investors":62,"is_funded":true,"is_active":true,"quality_score":3,"related_urls":["https://wefunder.com/active.safety.system.technologies.inc","https://www.asst-technologies.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/88808/xxl_cropped_ASST_Banner_2023-04.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/88808/large_cropped_ASST_Logo_-_High_Resolution_v3.jpg","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/88808/standard_cropped_ASST_Banner_2023-04.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/88808/standard_cropped_ASST_Banner_2023-04.jpg","profile_video_url":"https://wefunder.wistia.com/medias/vez3mfrg38"},"links":{"company_url":"https://www.asst-technologies.com","twitter_url":"http://twitter.com/BlastProtected","facebook_url":"https://www.facebook.com/abbsystems","instagram_url":"https://www.instagram.com/abbsystems"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"ASST will have access to distribution agreement for sale of ABBS product range in US and Canada"},{"index":2,"claim_id":"claim-fact-2","value":"ASST will market novel patented ABBS technologies already extensively tested by US Army and UK MOD."},{"index":3,"claim_id":"claim-fact-3","value":"Two key innovations: A Safety Eco-System for eVTOLs and an Armored Vehicle IED Protection System."},{"index":4,"claim_id":"claim-fact-4","value":"ASST will have the license to 3 registered \u0026amp; 2 pending US patents (one approved November 2021)."},{"index":5,"claim_id":"claim-fact-5","value":"Working at highest levels in our markets: The Pentagon, DARPA, Armed Forces, Aviation Authorities."},{"index":6,"claim_id":"claim-fact-6","value":"Discussions ongoing with Pentagon Rapid Reaction Technology Office and the US Army GVSC Detroit."},{"index":7,"claim_id":"claim-fact-7","value":"ASST will market an Artificial Intelligence system to identify landing sites under flight path"},{"index":8,"claim_id":"claim-fact-8","value":"ASST will market a crash prevention system being developed with a US Ballistic Parachute supplier."}],"team":[{"id":1756095,"entity_id":"wefunder:company_role:1756095","user_entity_id":"wefunder:user:1449712","role":"founder","name":"Roger Sloman","title":"Chief Executive Officer","bio":"Inventor and serial entrepreneur, introduced carbon fibre to F1 motor racing in 1975, identified Active Mine Protection concept in 2008 and eVTOL safety system in 2013. Has invested over $2.6million and the last 13 years in developing ABBS and ASST.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1756095/square_cropped_Roger_Sloman_Image.jpg?1660285272","profile_url":"https://wefunder.com/roger.sloman","linkedin_url":"https://www.linkedin.com/in/roger-sloman-18006217","related_urls":["https://wefunder.com/roger.sloman"]},{"id":2343205,"entity_id":"wefunder:company_role:2343205","role":"employee","name":"Brigadier (Ret'd) Ian Cameron-Mowat","title":"Chairman","bio":"A former Head of Force Protection for the UK Ministry of Defence with a wide range of contacts and current activities in the defence market.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2343205/square_cropped_Ian_Cameron-Mowat.jpg?1639410082","linkedin_url":"https://www.linkedin.com/in/ian-cameron-mowat-7ba7793/","related_urls":[]},{"id":2148225,"entity_id":"wefunder:company_role:2148225","role":"employee","name":"Don Szkubiel","title":"Chief Operating Officer","bio":"With over 30 years working with the US Department of Defense, Don has excellent contacts with the US Army Ground Vehicles Survivability Centre and US Special Forces. Located close to the US Army Ground Vehicle Systems Centre in Detroit.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2148225/square_cropped_Donald_Szkubiel_Picture.jpg?1639243114","linkedin_url":"https://www.linkedin.com/in/don-szkubiel-b585b6bb/","related_urls":[]},{"id":2148236,"entity_id":"wefunder:company_role:2148236","role":"employee","name":"Dr. David Field","title":"Director","bio":"Strong technical background in Materials Science and Metallurgy combined with considerable skills in strategic market research, sales, sales management and analysis; plus bid writing. Has been instrumental in ABBS sourcing $1.27million UK R\u0026amp;D Grants.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2148236/square_cropped_David_Field_Picture.jpg?1639243207","linkedin_url":"https://www.linkedin.com/in/david-field-66a0892/","related_urls":[]},{"id":2163636,"entity_id":"wefunder:company_role:2163636","user_entity_id":"wefunder:user:2217428","role":"employee","name":"Rich Mellor","title":"Secretary","bio":"Former UK lawyer with 20+ years experience as controls engineer, website programmer and contracts manager. Deals with shareholder communications, managing contracts and our publicity.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2163636/square_cropped_richard_melon.jpg?1714369247","profile_url":"https://wefunder.com/richardalanmellor","linkedin_url":"https://www.linkedin.com/in/rich-mellor-2b351045","related_urls":["https://wefunder.com/richardalanmellor"]},{"id":2148235,"entity_id":"wefunder:company_role:2148235","user_entity_id":"wefunder:user:2331448","role":"employee","name":"David Staveley","title":"Chairman of Advisory Board","bio":"International business background, been working with ABBS in the UK for 11 years. Leads and supports on negotiations and commercial arrangements.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2148235/square_cropped_David_Staveley_Picture.jpg?1639243281","profile_url":"https://wefunder.com/david.staveley","linkedin_url":"https://www.linkedin.com/in/david-staveley-5a071513/","related_urls":["https://wefunder.com/david.staveley"]},{"id":2148226,"entity_id":"wefunder:company_role:2148226","user_entity_id":"wefunder:user:2226814","role":"employee","name":"Robert J. Kmiecik","title":"Advisory Board - Military Consultant","bio":"With over 30 years of military service, attaining the rank of Colonel, Rocky is the Former Director of Mounted Requirements at the Maneuver Center of Excellence at Fort Benning GA, where new military vehicle designs are specified.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2148226/square_cropped_Rocky_Kmiecik_Picture.jpg?1639243357","profile_url":"https://wefunder.com/robert.j.kmiecik","linkedin_url":"https://www.linkedin.com/in/rocky-kmiecik-10578838/","related_urls":["https://wefunder.com/robert.j.kmiecik"]},{"id":2148228,"entity_id":"wefunder:company_role:2148228","user_entity_id":"wefunder:user:2174229","role":"employee","name":"Brian Coaker","title":"Advisory Board - Technical Consultant","bio":"Chartered Engineer \u0026amp; Scientist, specialist, high-level expertise in Safe/Arm and sensor/control and initiation systems. Brian has been with us for 6 years and is currently the key technical resource for both ABBS and ASST.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2148228/square_cropped_Brian_Coaker_Picture.jpg?1639243757","profile_url":"https://wefunder.com/brian.coaker","linkedin_url":"https://www.linkedin.com/in/briancoaker/","related_urls":["https://wefunder.com/brian.coaker"]},{"id":2148285,"entity_id":"wefunder:company_role:2148285","role":"employee","name":"Simon Flear","title":"Advisory Board - Finance Consultant","bio":"Chartered Accountant, specialises in forensic accounting, advises companies and prepares forecasts. His experience of carrying out forensic accounting investigations in many companies is a great asset for ABBS and ASST.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2148285/square_cropped_Simon_Flear_Picture.jpg?1639243885","related_urls":[]},{"id":2333641,"entity_id":"wefunder:company_role:2333641","user_entity_id":"wefunder:user:2451861","role":"employee","name":"Larry Edward Williams","title":"Advisory Board - Ballistics Advisor","bio":"Chief Executive Officer \u0026amp; President of Aviation Safety Resources, Inc, with 20+ years personal experience in the aviation safety industry. ASR designs, tests, and produces emergency parachute recovery systems for light aircraft.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2333641/square_cropped_Larry_WIlliams.jpg?1639243980","profile_url":"https://wefunder.com/larry.edward.williams","linkedin_url":"https://www.linkedin.com/in/larry-williams-41113832/","related_urls":["https://wefunder.com/larry.edward.williams"]}],"featured_investors":[{"id":5704,"entity_id":"wefunder:company_investor_profile:5704","investor_profile_id":1729751,"investor_profile_entity_id":"wefunder:investor_profile:1729751","subject_entity_id":"wefunder:user:2226814","name":"Robert J. Kmiecik","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/2226814/medium_large_cropped_Rocky_Kmiecik_Picture.jpg","profile_url":"https://wefunder.com/robert.j.kmiecik","investment_total":25000,"investment_info":"Invested $25,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/robert.j.kmiecik"]}],"investor_memos":[],"tab_counts":{"posts":20,"ask_questions":4,"featured_investors":1,"faq_entries":4},"active_fundraises":[{"id":52236,"entity_id":"wefunder:fundraise:52236","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"equity","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.64,"funding_started_at":"2022-08-13T01:20:38Z","funding_closed_at":"2023-05-01T04:05:04Z","auto_close_at":"2023-05-01T03:59:59Z"},{"id":52237,"entity_id":"wefunder:fundraise:52237","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2021-12-09T18:05:55Z"}],"latest_fundraise":{"id":52236,"entity_id":"wefunder:fundraise:52236","state":"successful","offering_type":"4(a)(6)","structure":"equity","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2022-08-13T01:20:38Z","funding_closed_at":"2023-05-01T04:05:04Z","terms":{"eb":"$5.1M","nb":"$6M","txt":"pre-money valuation"}},"recent_posts":[{"id":169644,"entity_id":"wefunder:feed_item:169644","type":"FeedItem::Update","visibility":"public","title":"New US Patent Granted","preview":"We are very pleased to announce that we have just heard today that the US patent for our innovative Vehicle Active Floor System (VAFS) design reference number WO 2021/032968A1 has been granted.This is an important step, as the main reason that the US Army extended the CRADA (Co-Operative Research and Development Agreement) with our US based Active Safety System Technologies Inc for another 3 years was their desire to undertake testing of the system during 2024.The problem to be solved is the ...","published_at":"2023-12-23T08:40:24Z","author_name":"Roger Sloman","url":"/feed/169644","canonical_url":"https://wefunder.com/feed/169644"},{"id":166203,"entity_id":"wefunder:feed_item:166203","type":"FeedItem::Update","visibility":"public","title":"Quick Update","preview":"Hi Everyone, Apologies for the silence for so long since the ASST funding round, it has just been a very busy time with several new developments in the UK which have been evolving to the point where they are worth reporting. In particular we have filed a new patent application on the 10th November covering a new Minefield Breaching Vehicle concept which has evolved into other related Unmanned Ground Vehicle applications as well, so we could not say anything about this until the patent was saf...","published_at":"2023-11-23T17:51:12Z","author_name":"Roger Sloman","url":"/feed/166203","canonical_url":"https://wefunder.com/feed/166203"},{"id":165208,"entity_id":"wefunder:feed_item:165208","type":"FeedItem::Update","visibility":"public","title":"June 2023 Update","preview":"Hi Investors, First of all, a thank you to all those who invested through the round on WeFunder, and welcome to Active Safety System Technologies Inc.The WeFunder round resulted in a total raise of $52,644 from 63 shareholders, some of whom have previously invested in our UK sister companies Advanced Blast \u0026 Ballistic Systems Limited, (ABBS) Advanced Reaction Motor Systems Limited (ARMS) and Active VTOL Crash Prevention Limited (AVCP).Update – New Enquiries/BidsWhilst we still continue to hav...","published_at":"2023-06-29T04:39:07Z","author_name":"Roger Sloman","url":"/feed/165208","canonical_url":"https://wefunder.com/feed/165208"},{"id":163504,"entity_id":"wefunder:feed_item:163504","type":"FeedItem::Update","visibility":"public","title":"Potential US Listing.","preview":"Remember we have a potential US listing this year being discussed, in which we expect ASST to be involved. Not guaranteed but a most unusual position to be in.Discussions are proceeding apace.Roger.","published_at":"2023-04-30T23:24:49Z","author_name":"Roger Sloman","url":"/feed/163504","canonical_url":"https://wefunder.com/feed/163504"},{"id":163498,"entity_id":"wefunder:feed_item:163498","type":"FeedItem::Update","visibility":"public","title":"Closing Shortly!","preview":"Last chance to confirm your investments and transfer funds to WeFunder!Roger.","published_at":"2023-04-30T21:24:54Z","author_name":"Roger Sloman","url":"/feed/163498","canonical_url":"https://wefunder.com/feed/163498"},{"id":163425,"entity_id":"wefunder:feed_item:163425","type":"FeedItem::Update","visibility":"public","title":"Update on NASDAQ Listing Route","preview":"Hi Everyone, Very near the close of this pitch now so a near-final update.The route to a NASDAQ listing alongside a larger player is being defined and the work required to make it happen is proceeding apace.I have just increased my personal investment in ASST to $5,000 so we are well above the minimum $50,000 target available for disbursement.It would be great if those who have indicated an intention to invest could now confirm their position and transfer funds to WeFunder as required before ...","published_at":"2023-04-28T15:14:48Z","author_name":"Roger Sloman","url":"/feed/163425","canonical_url":"https://wefunder.com/feed/163425"},{"id":163322,"entity_id":"wefunder:feed_item:163322","type":"FeedItem::Update","visibility":"public","title":"New Rocket Motor Design Tested Successfully/Current eVTOL Enquiries/LD-VAS Market Survey.","preview":"Hi Everyone,Another item of good news, last week we had a successful test of a new 220lb thrust, 1.4 kNs rocket motor design which is intended as a high powered launch motor for large parachute systems for conventional Ballistic Recovery Systems for Light Aircraft and eVTOLs.The design was initially specified in discussions last year with ASR Pioneer in the USA and we obtained a small R\u0026D grant from the Aerospace UP fund managed by the Midlands Aerospace Alliance based in Nottingham to help f...","published_at":"2023-04-25T23:52:35Z","author_name":"Roger Sloman","url":"/feed/163322","canonical_url":"https://wefunder.com/feed/163322"},{"id":163229,"entity_id":"wefunder:feed_item:163229","type":"FeedItem::Update","visibility":"public","title":"eVTOL Marketing Expert Joins the ASST Team","preview":"Some more great news to announce, in that Mark McElhaney has just joined the US-based ASST Team as part-time Marketing Consultant. Mark has recently left ASR-Pioneer who make parachutes and conventional Ballistic Recovery Systems for aircraft and eVTOLs, and his 30-year experience in the aircraft and eVTOL industries is going to be invaluable during our development of these markets. He is immediately getting some excellent feedback from our current primary target market, which is the Look-Dow...","published_at":"2023-04-23T15:33:34Z","author_name":"Roger Sloman","url":"/feed/163229","canonical_url":"https://wefunder.com/feed/163229"},{"id":163210,"entity_id":"wefunder:feed_item:163210","type":"FeedItem::Update","visibility":"public","title":"Possible Public Listing Update","preview":"Just a quick update.On initial investigation of the options it looks like there is an efficient route to follow for this, involving ASST, which we are checking out with the attorneys and the accountants in the UK, so looking positive so far.We are only 9 days from the pitch closing now so if you haven't already done so it would be great if you could transfer your funds to WeFunder soon.It's really quite a unique situation to have this potential listing route appear unexpectedly during an exis...","published_at":"2023-04-21T19:50:31Z","author_name":"Roger Sloman","url":"/feed/163210","canonical_url":"https://wefunder.com/feed/163210"},{"id":163163,"entity_id":"wefunder:feed_item:163163","type":"FeedItem::Update","visibility":"public","title":"Important New Information","preview":"Hi Wefunder Investors,Further to previous information we now have some important additional news.Early last week we were approached by a much bigger company which is planning a public listing by the end of this year. Discussions with them yesterday have identified potential routes by which ASST can be involved in this listing and the practicalities of the options are now being investigated in detail. We will update the situation as and when any specific developments can be confirmed.I have to...","published_at":"2023-04-20T14:57:32Z","author_name":"Roger Sloman","url":"/feed/163163","canonical_url":"https://wefunder.com/feed/163163"},{"id":162867,"entity_id":"wefunder:feed_item:162867","type":"FeedItem::Update","visibility":"public","title":"Can our eVTOL Safety Systems be about to Take Off?","preview":"Following interest from various eVTOL and drone suppliers, our UK based co-developer, Active VTOL Crash Prevention Limited (AVCP) is currently in the middle of writing multiple bids for grant funding to help develop real products ready for sale; which provide an idea of the target market and potential products for the US and Canadian aerospace market.a) Innovate-UK and Singapore Co-Operation DevelopmentThis will be looking at developing the look-down AI system to identify potential landing si...","published_at":"2023-04-12T06:14:19Z","author_name":"Roger Sloman","url":"/feed/162867","canonical_url":"https://wefunder.com/feed/162867"},{"id":160554,"entity_id":"wefunder:feed_item:160554","type":"FeedItem::Update","visibility":"public","title":"Contacting Veteran Congressmen","preview":"Hi Everyone, We have been incredibly busy back in the UK ever since we launched this pitch and hence we have had no time to actively promote it. However, we are much freer now and are going to focus on marketing ASST to potential investors, with a clear focus on Veterans and the families of serving relations.One of the ways of doing this is to get the message out to Veterans' organisations and Groups (more on this in another post) and another longer term route is to get Congress involved.We h...","published_at":"2023-01-15T23:39:16Z","author_name":"Roger Sloman","url":"/feed/160554","canonical_url":"https://wefunder.com/feed/160554"},{"id":159357,"entity_id":"wefunder:feed_item:159357","type":"FeedItem::Update","visibility":"public","title":"Update on Bid to Investigate the Causes of Traumatic Brain Injury (TBI)","preview":"Following the bid outline which we submitted to the US DoD at the start of September, we have now been invited to submit the full proposal which could result in up to $5m in grant funding for a four year prorgam to investigate the root causes of Traumatic Brain Injury (TBI) in non-penetrated armored vehicles.We have been very busy working with the team of key people in the US TBI R\u0026D community to put together the full proposal and planned test program to investigate the potential causes of TB...","published_at":"2022-11-14T20:04:33Z","author_name":"Roger Sloman","url":"/feed/159357","canonical_url":"https://wefunder.com/feed/159357"},{"id":157921,"entity_id":"wefunder:feed_item:157921","type":"FeedItem::Update","visibility":"public","title":"Update After US Visit Last week","preview":"Hi Everyone, Having just returned from a very successful trip to the USA it’s time for an update. Pentagon RRTO TIDE Event:-\u0026nbsp; Attending this Technology Discovery event in Washington resulted from the RRTO enquiry we received well over a year ago now. This event, much delayed by Covid from November last year was an invitation-only, exhibition-style event where we had a stand on which we promoted the ABBS armoured vehicle solutions, the AVCP eVTOL safety system technologies including the n...","published_at":"2022-09-02T23:19:32Z","author_name":"Roger Sloman","url":"/feed/157921","canonical_url":"https://wefunder.com/feed/157921"},{"id":157456,"entity_id":"wefunder:feed_item:157456","type":"FeedItem::Update","visibility":"public","title":"Form C Completed and Signed!","preview":"Hi Everyone, After a long gestation period we have finally completed all the administrative items and got Form C completed and signed and can now take the pitch live very shortly. This is extremely well-timed as I am visiting the US on the 21st to 27th August to participate in the long-delayed Pentagon/DARPA Technology Discovery event being held near Washington, and then visiting the US Army Ground Vehicle Survivability Centre (GVSC) near Detroit. We have an ongoing discussion with the key pe...","published_at":"2022-08-13T00:48:23Z","author_name":"Roger Sloman","url":"/feed/157456","canonical_url":"https://wefunder.com/feed/157456"},{"id":154109,"entity_id":"wefunder:feed_item:154109","type":"FeedItem::Update","visibility":"public","title":"Brief Update on Recent ABBS Developments.","preview":"Following my individual e-mails to all the current investors it’s worth sending everyone this quick update on a couple of recent key developments. The following answer was given in response to a request for an update from one of the Wefunder investors:-1)\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; VGAM TechnologyThe opening of discussions (at their invitation) with a major European defence company re collaboration on the VGAM technology development which has been requested by a European army for its’ next major...","published_at":"2022-03-30T23:10:19Z","author_name":"Roger Sloman","url":"/feed/154109","canonical_url":"https://wefunder.com/feed/154109"},{"id":153414,"entity_id":"wefunder:feed_item:153414","type":"FeedItem::Update","visibility":"public","title":"Update on Valuation Following European Discussions.","preview":"Hi Everyone, If you have a look at the pitch page https://wefunder.com/active.safety.system.technologies.llc you will see that we have more than halved the valuation of ASST to $6m.\u0026nbsp; This is as a consequence of the ongoing discussions relating to the VGAM active mine protection technology with a major European defence company with global operations. The company has a US subsidiary which is working on some on the latest armoured vehicle projects for the US Army. The reasoning behind the r...","published_at":"2022-03-08T11:57:02Z","author_name":"Roger Sloman","url":"/feed/153414","canonical_url":"https://wefunder.com/feed/153414"},{"id":152458,"entity_id":"wefunder:feed_item:152458","type":"FeedItem::Update","visibility":"public","title":"New Update to ABBS Shareholders","preview":"Update on ASST Launch, Graphene Composites, New Business for ASST from the USA, New eVTOL Technology Development, and More.Hi Everyone,Just a quick and (relatively) brief update this time, based on the items reported in the previous update.1) Active Safety System Technologies Inc. (ASST) Launch and CrowdfundingIt is taking a bit longer than expected to get all the required procedural items done before we take the US pitch public, but we should get there in another week or two. So there is sti...","published_at":"2022-02-03T00:30:54Z","author_name":"Roger Sloman","url":"/feed/152458","canonical_url":"https://wefunder.com/feed/152458"},{"id":152457,"entity_id":"wefunder:feed_item:152457","type":"FeedItem::Update","visibility":"public","title":"Investor Panel and Timing to Go Live.","preview":"Hi Everyone, just to say that the Investor Panel interview is now up on the pitch, and to note that when I'm showing the armoured vehicle Global Acceleration Mitigation pictures the camera reverses the image, so the right and left got reversed in the video! I'm sure you will work out which vehicle is our system with the rocket motors anyway! Another version of the same sequences added to this message.We are still working through the accounts and other Form C items so it will probably be anoth...","published_at":"2022-02-03T00:26:16Z","author_name":"Roger Sloman","url":"/feed/152457","canonical_url":"https://wefunder.com/feed/152457"},{"id":151014,"entity_id":"wefunder:feed_item:151014","type":"FeedItem::Update","visibility":"public","title":"Welcome to the ASST Pitch.","preview":"Hi everyone, and welcome to\u0026nbsp;to our first funding pitch in the USA.As you will see from the pitch we have two major markets for our technology which is based on novel, leading edge rocket motor systems designed to counteract undesirable movement in both air and land vehicles in emergency situations.\u0026nbsp;In the case of land vehicles the 'undesirable movement' is the vehicle (usually a military armoured vehicle) being blasted very rapidly into the air by a mine or IED, and in the case of a...","published_at":"2021-12-12T18:28:04Z","author_name":"Roger Sloman","url":"/feed/151014","canonical_url":"https://wefunder.com/feed/151014"}],"q_and_a":[{"id":236713,"entity_id":"wefunder:comment:236713","question":"Hi team, this is a fascinating concept. Congratulations on your progress. I have a few questions - thank you in advance for your responses! 1. You mention the VGAM and EDAS systems needing to be \"certified\" for use. Who are the organizations in charge of this, and are there clear criteria \u0026amp; timelines for approval? I'm curious how far along each system is in this process. 2. If/when approved, will your production be in-house or with 3rd-party manufacturers? 3. I believe you said ASST would be revenue generating by the end of 2022. Are you able to provide an update on this revenue and the outlook for 2023? 4. Seems like most of the funds raised will be used for marketing. What types of activities will this cover and will it translate into short-term or long-term revenue? I'm not familiar with the industry and am trying to understand the sales process prior to full approval and production.","author_name":"Dan Devlin","votes":0,"created_at":"2023-03-01T00:23:57Z","canonical_url":"https://wefunder.com/active.safety.system.technologies.inc#question-236713","answers":[{"id":236730,"entity_id":"wefunder:comment:236730","answer":"Dan, Lots of good questions, thank you! 1) The level, timescale, and cost of certification of each system depends on the complexity of the system and the level of criticality of the threat the system is dealing with. Hence there is a large range in terms of both cost and timescale, with some simple products being easy and quick to certify (such as a the passive CF reinforced belly plates) , with others at the far end of the scale (such as the VGAM system and the fully autonomous emergency landing system for eVTOLs.) For the armored vehicle products the certifying authority will be the USA Army GVSC, who we are dealing with, and for any aircraft type it will be the FAA for civil use, and for military versions it will be whatever service will be using them e.g., Marines, Air Force or Army. Specific certification requirements will be defined for each system 2) Production will be in-house in the UK until such time as volumes or security issues dictate that production in the USA is better. 3) I can't recall saying there would be revenue by the end of 2022, in any case that didn't happen. However we have high hopes that 2023 will see the $5m four-year TBI R\u0026amp;D project being accepted in April with cash beginning to flow some time around June/July. If it does approximately $500k will flow through ASST, but $400k of that will go to the UK where a lot of the R\u0026amp;D will be done. But since ASST has very low costs this would be about break-even, and we will be applying for more R\u0026amp;D funding as we find suitable opportunities. The US Army GVSC wants to test our Active Floor system so that may result in further interest and potential production if they like it. 4) Indeed ASST is currently only a marketing operation, taking the products developed and produced in the UK to the US and Canadian markets, but this could change in due course. Activities are currently focussed on liaising with the US Army GVSC, and the US-based armored vehicle builders. This will extend to the US eVTOL/helicopter/light aircraft market when the UK product development has progressed sufficiently, probably around 12 to 18months. All activities are designed to generate sales ASAP and for the long term. I hope that answers your questions, thanks again. Best wishes, Roger Sloman.","author_name":"Roger Sloman","votes":0,"created_at":"2023-03-01T01:12:51Z"}]},{"id":228894,"entity_id":"wefunder:comment:228894","question":"When do you think you might close this funding round? This looks like it will be a long term investment. 3 years or more, before any ipo or any kind of return of investment. Is that right. Also I watch the investor panel video. You talk about interest from a company in Europe I believe. But this deal/ part of company. Only covers business in USA and Canada. So how would any sales or business from a company in Europe affect this investment?","author_name":"BENJAMIN STARK","votes":0,"created_at":"2022-12-18T11:32:49Z","canonical_url":"https://wefunder.com/active.safety.system.technologies.inc#question-228894","answers":[{"id":228918,"entity_id":"wefunder:comment:228918","answer":"Benjamin, Thanks for your questions, and apologies for the slow reply, freezing weather here in the UK and Christmas preparations have been getting in the way. We will leave the round open as long as we can, mid-March is the limit. Re:- This looks like it will be a long term investment. 3 years or more, before any ipo or any kind of return of investment. Is that right? Indeed this is one possible scenario but things could happen faster for a number of reasons. Next year the US Army wants to test our Active Floor system which we believe offers benefits over their existing systems for protecting the soldiers legs during a mine/IED blast event, and this could be quite a simple system to implement in new vehicle designs, and maybe even for retrofit in current types in service. If the system was adopted such a move could well attract the interest of major international defence equipment players, given the range of other systems and patented IP we have in our portfolio. So if someone sees immediate positive cash flow potential from the production of Active Floors (demonstrating our strong relationship with the US Army) and recognises the longer term potential which may also arise from the $5m TBI-related R\u0026amp;D proposal that has just been submitted for us by Missouri University they may decide to buy into the ASST pr ABBS operation relatively quickly. This R\u0026amp;D proposal includes major contributions by a number of leading TBI (Traumatic Brain Injury) research players in the USA and the US Army GVSC is itself carrying out the full scale testing in the USA, so their key people will be directly informed about all our mitigation systems and see their effectiveness in operation in dealing with the TBI threat. Basically the cause of TBI in vehicles hit by mines/IEDs but not penetrated is not understood by anyone, and the project will not only identify the true causes, but also prove the effectiveness of our mitigation systems. TBI is a severe problem for the military, and there are huge costs associated with it, so proving the success of our mitigation systems may well lead to their adoption for new vehicles. Equally, the eVTOL safety system technologies which we are working on in the UK will have some elements that could become available faster than the armoured vehicle systems, but nothing is certain at this stage. The potential interest from Europe has currently been stalled by the Russians invading Ukraine just the day after our first meeting with the company involved. Since then they have been completely overwhelmed with demands for their current products from countries neighbouring Russia, and others in NATO, and it is not clear when discussions may be re-started. You ask how this European deal if it proceeded could affect/benefit the US ASST company and by implication, it's shareholders? Whilst the deal could be a complete buy-out of the ABBS business it is more likely to be only for the armoured vehicle technology, and maybe even just one part of it, or possibly just be on a collaborative joint development/marketing basis. Clearly the different options could have different effects on the US business, but all of them are likely to be positive for ASST. A collaboration approach would strongly enhance ASST's presence and approach to the US market, with massively increased credibility and financial/technical backup from a major European Defence company. At the other extreme a complete buy-out of the armoured vehicle technology could provide a large injection of funds for ASST because most of the value could be attributed to the value of the US patents licensed to ASST from ABBS in the UK. Those licenses have a value which would have to be shared with ASST and it's shareholders, and with the US market generally being viewed as 50% of the global market it would be a substantial amount of any deal income. So whatever happens with any deal for the armoured vehicle technology, the value of ASST would be substantially enhanced, even if it is currently impossible to estimate by how much. Hopefully that answers your questions as well as I can at present, there are so many options that it is currently impossible to be specific about which is most likely. Best wishes, Roger Sloman.","author_name":"Roger Sloman","votes":1,"created_at":"2022-12-18T23:44:20Z"}]},{"id":223018,"entity_id":"wefunder:comment:223018","question":"We want to know what you see your valuation will look like in 3 years also the income and balance statements Not to say much, I think we are very much interested in this project but then we are not opting for the crowdfunding route. We were wondering if you have provisions to accept alternative financing which should save time of WAITING SO LONG for your target to be met. With that we can cover over 50% of your target raise. Kindly reach out to me at thomas@700capital.se so we discuss further.","author_name":"Thomas Young","votes":0,"created_at":"2022-10-20T03:56:56Z","canonical_url":"https://wefunder.com/active.safety.system.technologies.inc#question-223018","answers":[{"id":223096,"entity_id":"wefunder:comment:223096","answer":"Thomas, Thanks for your message, replying direct to your e-mail. Roger Sloman.","author_name":"Roger Sloman","votes":0,"created_at":"2022-10-20T10:00:06Z"}]},{"id":216692,"entity_id":"wefunder:comment:216692","question":"Are we exposed to the Graphen Composites deal through this too (because it’s on the slide in the video)? How is the current progress with the US military? I’m an investor in the UK and missed out on the last round unfortunately that’s why I’m asking. What is your expected valuation in the next few years? Are you expecting to do an ipo of the US subsidiary? Thank you","author_name":"E. T.","votes":0,"created_at":"2022-08-28T19:45:59Z","canonical_url":"https://wefunder.com/active.safety.system.technologies.inc#question-216692","answers":[{"id":217014,"entity_id":"wefunder:comment:217014","answer":"Elric, Many thanks for your questions, and apologies for the delay in responding. The reason for that is that I was in the USA all last week and only got back to the UK mid-day Monday, following which I have been totally occupied with getting a $5m application for R\u0026amp;D funding submitted by the deadline of 1st September! Just checking the final version right now so will get back to you a bit later, Best wishes, Roger Sloman.","author_name":"Roger Sloman","votes":0,"created_at":"2022-08-31T20:59:10Z"}]}],"faq":[{"question":"Are we exposed to the Graphen Composites deal through this too (because it’s on the slide in the video)? How is the current progress with the US military? I’m an investor in the UK and missed out on the last round unfortunately that’s why I’m asking. What is your expected valu...","answer":"Elric, Many thanks for your questions, and apologies for the delay in responding. The reason for that is that I was in the USA all last week and only got back to the UK mid-day Monday, following which I have been totally occupied with getting a $5m application for R\u0026amp;D funding submitted by the deadline of 1st September! Just checking the final version right now so will get back to you a bit later, Best wishes, Roger Sloman."},{"question":"We want to know what you see your valuation will look like in 3 years also the income and balance statements Not to say much, I think we are very much interested in this project but then we are not opting for the crowdfunding route. We were wondering if you have provisions to ...","answer":"Thomas, Thanks for your message, replying direct to your e-mail. Roger Sloman."},{"question":"When do you think you might close this funding round? This looks like it will be a long term investment. 3 years or more, before any ipo or any kind of return of investment. Is that right. Also I watch the investor panel video. You talk about interest from a company in Europe ...","answer":"Benjamin, Thanks for your questions, and apologies for the slow reply, freezing weather here in the UK and Christmas preparations have been getting in the way. We will leave the round open as long as we can, mid-March is the limit. Re:- This looks like it will be a long term investment. 3 years or more, before any ipo or any kind of return of investment. Is that right? Indeed this is one possible scenario but things could happen faster for a number of reasons. Next year the US Army wants to t..."},{"question":"Hi team, this is a fascinating concept. Congratulations on your progress. I have a few questions - thank you in advance for your responses! 1. You mention the VGAM and EDAS systems needing to be \"certified\" for use. Who are the organizations in charge of this, and are there cl...","answer":"Dan, Lots of good questions, thank you! 1) The level, timescale, and cost of certification of each system depends on the complexity of the system and the level of criticality of the threat the system is dealing with. Hence there is a large range in terms of both cost and timescale, with some simple products being easy and quick to certify (such as a the passive CF reinforced belly plates) , with others at the far end of the scale (such as the VGAM system and the fully autonomous emergency lan..."}]}}}