|1||Patented furling technology allows Harmony Turbines to give a much better ROI than competitors.|
|2||Disruptive technology in a virtually untapped market just waiting for the right product to surface.|
|3||Other residential units only produce max power in a very tight range of wind speeds giving low ROI.|
|4||Affordable straight-forward design that is both beautiful and powerful with a quick ROI.|
|5||Turbine scoops have unique ability to furl in higher winds while still producing max power output.|
|6||Low cost easy to maintain residential, boating and RV units, no dangerous climbing for maintenance.|
|7||Generator is revolutionary in design allowing for high power output with zero startup resistance.|
|8||Little to no noise during operation and no danger to wildlife in any way.|
I have long been a proponent of residential green power. But while solar power has reached a level of maturity allowing for deep market penetration, residential wind power is still a wide-open market. The patented technology that Christopher Moore has designed shows great promise for yielding favorable power generation at a variety of wind speeds, and will help bring wind power to a place on par with residential solar, unleashing a revolution in residential green power.
I started doing Clean Energy Research 20 years ago and have been working since that time to find a way to do this type of work for a living. I don't need to be rich or famous; I only ever wanted to do my part in helping to make the world a better place.
My workshop is always been open to those willing to learn and grow, to that end I will often volunteer at schools to do science presentations trying to help expose our younger generation to the many possibilities that science and engineering have to offer.
Over the years I did a lot of work with open source projects on my OUPower.com website, where I was conducting research on Pulse Motors, Electromagnetics, Gravity Engines, HHO (Hydroxy), PMM (Permanent Magnet Motors) and other assorted things. I documented all of my designs and work there so that others could replicate my findings. It was a great base for the work I would be doing later in life. That website still exists today as a living archive and testament to the work we did. I have thousands of hours documented on projects that I and many others did over the 12 or so years that the site was highly active.
In the past 3 years I began focusing on some projects that I felt had the best possibility of turning into a viable source of income for myself and my family. To that end I began patent work on my Harmony Vertical Axis Wind Turbine design. It was actually an invention that I came up with, back in 2010 or 2011 but I had to wait for my skills in CAD and 3D printing to catch up to the ideas in my head. Once I became proficient at CAD and 3D printing, prototyping my ideas became much easier. Harmony VAWT was born!
I have a LOT of other inventions and designs to develop as I try to do my small part, my little piece of the puzzle, to make our world and our lives, something better than they are today. Harmony is just the tip of that iceberg; it's my flagship product toward turning that dream into a reality! -Won't you please join us in that effort!
Harmony Turbines has financial statements ending August 12 2020. Our cash in hand is $25, as of August 2020. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
We make beautiful, safe, low cost wind turbines so that everyone can have them for their homes to reduce or eliminate their monthly electric bill.
In the next 5 years I hope to be developing and releasing many more clean energy products to help make the world a better place for all of its inhabitants. I have about 70 other inventions waiting to be patented and developed, but Harmony Turbines will be our flagship product and our first public project toward that larger goal.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Harmony Turbines Inc. was originally formed as Harmony Turbines LLC on July 15, 2020 in the State of Pennsylvania. Harmony Turbines Inc. fully converted into a C corp in the State of Pennsylvania on August 11, 2020.
Creating Moore, LLC (wholly owned by Christopher Moore, the same CEO of Harmony Turbines Inc.) is assigning the full patent and all rights to the Intellectual Property, to Harmony Turbines Inc.
Since then, we have:
Historical Results of Operations
Our company was organized in August 2020 and has limited operations upon which prospective investors may base an evaluation of its performance.
Liquidity & Capital Resources
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 12 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 6 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
Harmony Turbines Inc cash in hand is $25, as of August 2020. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month, for an average burn rate of $0 per month. Our intent is to be profitable in 18 months.
There have been no material changes since the date our financials cover.
No expected revenues in the next 3 - 6 months as we are still in the R&D phase for the next 12 months at least. Expenses will be primarily centered around building a new prototype and finding a suitable location for day-to-day business operations.
We believe we'll need approximately $400,000 in capital to be able to generate revenues within 18 months. If we raise less than that, we will go to market in a longer period of time, as we'll be reliant on capital from the founder.
After going to market, we hope (but not guarantee) to be generating yearly income of approximately $800,000 and expenses to be roughly $500,000.
Ben Franklin Technology Partners who initially gave the company a $10k pre-seed grant is going to be approached for further funding once we have our first round of public investment.
The performance of our Harmony VAWT designs could be lower than anticipated which would result in less demand for our products ultimately resulting in poor sales revenues.
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
The costs of producing Harmony VAWT units could be higher than anticipated resulting in the prices of our products being above acceptable ranges for customers generating poor sales revenues.
Competitors could begin copying our designs with inferior products giving Harmony Turbines a bad name by association. Although this would be patent infringement on their part, it does happen, it would result in messy litigation that could ultimately prove to be the downfall of the company.
Because Harmony VAWT will be a brand new type of Wind Turbine without a normal braking system, townships may resist acceptance of our designs at first, resulting in extra problems for customers and negatively affecting our sales revenues.
Because of Covid-19 there are unforeseen circumstances that could arise, such as but not limited to: a mass number of people being unemployed with little to no income which would affect sales.
Cheryl Moore and Christopher Moore are part-time officers. As such, it is likely that the company will not make the same progress as it would if that were not the case.
The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.
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