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I also think that there will be significant money available through government grants and tax incentives to help offset the cost of your product. I have three question...","answer":"I wanted to think over how to succinctly answer your inquiry about customer costs. I have an example from one potential customer who spends about $1M on water in a four month processing season. Our system would recover well over 90% of his water for reuse. The capital cost for this installation would be about $200k so his payback is approximately one month. The customer in question does lump together the cost of compliance with basic water costs, besides having his own wells, wetlands and oth..."},{"question":"I really appreciate your thoughtful answers to my questions - very interesting, and also compelling.","answer":"Thanks, Alan. I have been doing this for a long time and I am comfortable with knowing the needs of many of my potential customers. I was a plasma etch engineer in semiconductors for most of my adult life and I can say that the manufacturing world has strong demands on its machinery. I designed a machine that would exceed the requirements of any manufacturing or processing environment."},{"question":"Who is RTE Water? It looks like the patent is assigned to RTE Water. When we invest in IWF, do we also invest in RTE Water and we'll own the patent?","answer":"Good question, Craig. RTE Water was the original company organized in 2009. I assigned the patent to RTE. Then when the reorganization was completed early this year one stipulation in the agreement was reassigning the patent to Industry Water Filtration. The reorganization was a purchase of all the assets owned by RTE Water which included the patent. RTE Water is now out of business."},{"question":"Your pitch desk says the following: \"In order to return to those companies that are interested in our technology, we need to have the funding to produce the final manufactured product...\" Can't customers pay up front, or at least pay 50% up front to cover COGS? That's a very c...","answer":"I wish I could have utilized that approach, Craig. Manufacturing firms, expecially in the Ag industry (our first target industry), require proof of performance before they will do business. Our prototype machines were limited in capability because they are smaller than the finished design and could only prove concept. They did well, exactly as claimed, but we could not get to the point of sale without putting the finished machine on their site and letting it run for a while. In my years in se..."},{"question":"Your balance sheet in the SEC Form C shows no debt as of 11/15/2017. How have you been funding the business up until now?","answer":"IWF is very much a startup, as I mentioned before, Craig. We have been funded by friends and family. We have 19 investors, although four are from our founding law firm, so 15 friends and family. My wife and I have put all of our money into the company. I have worked without compensation. Our machinists traded work for stock. Imagine my surprise at seeing the Equity CrowdFunding SEC rules that required me to get an audit of my books. My Balance Sheet has two entries. We have no revenue, no inv..."}],"recent_posts":[],"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-04T04:13:50Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-02T05:00:06Z","as_of":"2026-06-04T04:13:50Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-02T05:00:06Z","as_of":"2026-06-04T04:13:50Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-04T04:13:50Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-04T04:13:50Z","confidence":"medium"}}}}}}