Question 1

Hello, this is a great product but if the process is only removing oxygen from the container to slow ripening, would this be easy for competitors to duplicate? Since you have 2 patents pending, I presume there is something unique about your process or oxygen removal is more di...

Accepted Answer

John, You make a very good point in that reduced ripening due to oxygen removal has been known for many decades. We have a patent pending technique that is easy to use and cost effective. Our technique relies on a low cost method of recirculating the initial air with 21% oxygen to extract the oxygen until the oxygen concentration is below 0.5% (sufficient level as recognized by USDA). We have actually achieved less than 0.1% with our technique which only requires approximately 25% longer in o...

Question 2

Hi Team, I really like the baseline concept. A very visible problem and everyone generally eats fresh produce. I have a couple questions and notes: 1. What the ideal business model in your mind? Is it selling what is basically a consumer friendly vacuum pump or does it make mo...

Accepted Answer

Evan, Please let me first clarify that our system unlike others is not a vacuum system. The system operates at atmospheric pressures and simply removes the oxygen with a patent pending technique that is cost effective and easy to use while placing the oxygen back into the environment. Container costs are greatly reduced by operating at atmospheric pressures. We chose the counter top household unit as the initial product due to the market size ($145B/yr in losses) and also easier market introd...

Question 3

Hi, When does your fundraise close. Are you not concerned that the chinese will come out with similar product at much cheaper rates.

Accepted Answer

Our fundraiser will close when the maximum investment of $400K is achieved on in approximately 45 days. Having been in high tech for many years, I am always concerned that a country such as China would violate our patents and produce a comparable product. However, we are filing foreign patents which would block any knockoff being sold in those countries where our patents applied.

Question 4

3 Qs. 1 does your patent/s cover being built into refrigerators to be able to be licensed? 2. seems like a family company with inexperienced people and no industry contacts. How soon will that change? 3. Did you file PCT on time?

Accepted Answer

Absolutely, our patents are utility patents and cover any operation using the basic technology, So, building into a refrigerator is covered and is actually one of the dependent claims. Hardly a family company! Only two of the seven people are related. All founders are heavily experienced in bringing product to market worldwide. Each fills a certain area spanning R&D, IP, engineering, operations, marketing, sales, social media, and IT. Once again, we have a highly motivated and experienced...

Question 5

Hello, Maybe this is answered elsewhere, but I did not see it. Is the countertop unit in constant operation? Or does it periodically cycle on/off? Also, what is the anticipated noise level?

Accepted Answer

Salvatore, The system will only operate after the cover is opened and then closed for approximately 3 minutes. The time for the smaller portable containers will probably be 30 seconds to 2 minutes depending of the size of the container and amount of produce inside. The more produce, the less air, and shorter operational time. The noise level will be on the order to a coffee maker. Bruce Roesner on behalf of the entire GreenLifeTech™ team

GreenLifeTech Corporation

We're developing a fresh produce preservation system to extend shelf life by 5x

$292,870

GreenLifeTech Corporation

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