How does the JHU Option Agreement translate into the License? What are some ranges of terms we can expect with the license deal? For how long will the license be exclusive? For new IP, does Atom or JHU get to own the patents?

Like most Options, it translates into a License when we choose to negotiate it during the option period. It is our intention to negotiate it after the Wefunder campaign closes. As for specifics — eg terms and length — I can't speak to what's been discussed so far since it wanders into confidentiality disclosure territory. And I won't hypothesize about potential ranges publicly. I will say that we have a great working relationship with JHU APL, have worked together every week for 2 years,...

In the Form C, there's $217,049 in short term debt. What is the form of the debt? Will the debt be carried or paid off by this raise?

It's just the SAFEs we've taken so far. The SEC requires them to be on the balance sheet as debt.

The $120MM DARPA grant was both to JHU and Deka. Deka got FDA approval for another arm in 2014. Is Deka part of the upcoming licensing deal, or a competitor?

DEKA R&D'd the LUKE arm, which was commercialized by Mobius Bionics, and FDA approved in 2014. They're a competitor and not part of this deal.

I shocked when i see team like this involved in pre-revenue company , but after i enter to their accounts in linkedin , I see they are involved in another company as advisors and full time, and no one from them mention he is work for this company

Yes our founding team are all advisors to many other companies, including me. We just came out of being in stealth mode for 1.5 years. Atom Limbs is our full-time job.

Is your work patented

Yes there are granted patents, filed patents, and a large amount of proprietary hardware & knowhow, eg the miniaturized robotics.

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Atom Limbs

Artificial limbs to end physical disability 🦾

https://wefunder.com/atomlimbs

Total raised on Wefunder: 8959657

Total investors: 6514

Quick facts

Led by world-class ex-leadership from Apple, Oculus, Neuralink, Baxter Health
World’s first mind-controlled robotic wearable with individual finger control & sense of touch

Team profiles

Tyler Hayes

Atom Limbs

Artificial limbs to end physical disability 🦾

atomlimbs.com

Palo Alto, CA

Robotics Technology Notable Angel Healthcare B2C

Highlights

VC-Backed

Raised $250K or more from a venture firm

Repeat Founder

Started a prior company with $2M+ in funding or revenue

1

Led by world-class ex-leadership from Apple, Oculus, Neuralink, Baxter Health

2

World’s first mind-controlled robotic wearable with individual finger control & sense of touch

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$3M+ Raised from 1,200+ Investors! 🚀
🚨 Final call — Only a few hours left to invest!
A few hours left to invest! Atom Limbs closes tonight 🏃
Last call to all investors ⏰ Round closes today, 9 PM PT/12 AM ET ✅
Get in while you can! Just 24 hours left 🔥 $2.5M+ raised
Sat Down with Chris Graebe at “The Crwd” 🎙️ + We Close This Week!
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Exclusive Webinar: Atom Limbs + Mode Mobile
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Hi Tyler, great job! However, I have several questions: actually, there are at least 15 companies worldwide which are currently commercializing bionic hands, many of which already feature an IP67 waterproof rate and can be used with EMG systems such as the Coapt or the IBT ones, almost reaching the single fingers' control. Moreover, the commercial available devices are already priced in a range of 15-40k $: could you please provide an example of competitors which cost 100-150k $, as you repeat in several comments? As regards the market, generally 2.000 bionic hand are sold year over year in the world and in the last 5 years at least 6 new startup companies specifically designing and commercializing bionic hands have been founded - their devices are already on the market: considering that you'll reach the market in 2022 and that you still need 20-30M$, how many devices you’ll need to sell before repaying the investment? As an example, if you’ll sell the device with a 50k $ net margin, you’ll need to sell at least 600 devices just to repay the investment (which is the 25% of the global market of these devices) – but you also tell that your target price is 30k $ (15k $ net margin?): this way you’ll need to sell 2000 devices just to repay the investment – just as a reference, bebionic and Ilimb, after 10 years on the market and now commercialized respectively by Ottobock and Ossur (the two biggest multinational companies) sell nearly 600-700 devices each year. Can you please explain better how do you think to reach the declared financial results? Thanks!
The $120MM DARPA grant was both to JHU and Deka. Deka got FDA approval for another arm in 2014. Is Deka part of the upcoming licensing deal, or a competitor?
Perhaps we should consider legal action, contacting the State attorney general in the state that they are incorporated? While not a public company, they still should be ongoing disclosing - good and/or bad. I suspect there are serious issues going on here or they would be disclosing (they might want to raise more money in the future?). I too contacted Wefunder which said they would reach out to Tyler. Still no response - not even an update from Wefunder on their reach out. I haven't had these issues with other Wefunder investments. Wefunder - please show some support and help us get these guys to be responsive to their investors. Your reputation gets damaged too by incidents like this.
Do you own the patent
How does the JHU Option Agreement translate into the License? What are some ranges of terms we can expect with the license deal? For how long will the license be exclusive? For new IP, does Atom or JHU get to own the patents?
Hi, I have two questions for you. Even if they work incredibly well, and I hope they do, what evidence or reasons do you have to believe that US insurance companies (or the VA) are going to pay $100k each for these artificial limbs? Also, your website says "Atom Limbs does not currently own the Modular Prosthetic Limb or IP." It's possible that you don't get this licensing agreement/IP from JHU APL, correct? What happens to the company in that event? Thanks.
Have you thought about using your technology for making robots more life-like?
When do you plan to put together and showcase the first commercial prototype? Can't wait to see that futuristic design in action!
Under the FAQ, "What would you do with the money you raise? " In the next 12-18 months, there are 3 milestones we wish to accomplish: 1. Finish the IP transition from John Hopkins to Atom Limbs. 2. Get the line of sight to production intent prototyping (i.e. finish CAD drawings, sketch files, foam prototypes). 3. Do user testing and get more feedback. Can you elaborate on "Finish the IP transition from John Hopkins to Atom Limbs? Thanks.
Good day! I’m an Occupational Therapist, I’ve worked with few amputees but never worked with robotic prosthetics. I’m currently printing prosthetic arm with 3D printer for a non profit organization. Me and my team was interested in making affordable robotic prosthesis and I know how hard it is! I like your project and will invest for sure as this is my field! -I just want to know if what is your exit strategy/s? - and how will you compete with other companies that offer <$20k prices prosthesis?

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