The company is forecasting 10x product sales from 2023 to 2024? Can you elaborate on that?

we'd expect our non-cert customers to ramp up to real production at this time. These are non-people carrying, non-commercial airspace customers and some just non-aerospace customers. In most cases, we're looking at multiple units per vehicle, so a production run of 1000 vehicles would be on the order of $10MM, in addition to our continued stream of new customers ordering 10'sies, and other customers that are in the low-rate production phases ordering high 10'sies to hundreds of units. One of ...

Is the company planning on supporting an airplane certification program (part 23 or equivalent) in the near to medium term?

We do plan to support certification efforts. Our roadmap will be to ensure all of our hardware platforms are qualified (e.g. DO-160) over the next two years, but software certification will be a bit further down the road to match closer with what I'd expect our customer timelines to be. We don't expect to see significant revenue from certified aircraft until at least 2025, and our numbers do not rely on it. That said, some of these aircraft projects will have some significant non-certified ph...

Do you have a patent portfolio? Who are your competitors in this space and what differentiates you from them?

We have not filed for any patents on our technology, as the technical solutions themselves are not novel, rather the special sauce is in the robust implementations which stem from design processes of our team built over years of working in industries that require such safe and robust implementations. These types of things lend themselves much more to trade secrets than patents. We fit between really two groups of competitors, one being the hobby/consumer/hacker type components (think flying a...

How much equity does the $1,070,000 goal represent?

Given the valuation cap and interest accrual, this will equate to approximately 6% equity in the company.

Great!!!!! Now, what is your CNs interest rate, due date?

Hey David. FYI, this is in our pitch deck, but noted here for convenience, it's a 3-year note at 6% interest and 20% discount.

allocortech Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

💸 $1.64MM revenue 2021, 21% overall YoY growth, 55% growth in product sales

💸 $5.3MM revenue since 2018, 200+ product units sold

💫 10+ Vehicles Successfully Tested

💪 Seasoned team formerly from Boeing, Google, Rockwell Collins, Lockheed Martin, & more

💥 We combine innovative products, powerful libraries and tools & design services

📈 Commercial drone market $15B alone, CAGR 20.5%, other markets have interest

💸Eligible for Qualified Equity and Subordinated Debt tax credit for investors with VA income tax.

allocortech

Hardware and Software Building Blocks for Next-Gen Vehicle Designs

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