Question 1

Cognates for the progress on renewable energy space. I am interested and have few questions. 1. Do you have any hardware to install-sorry I may missed something here. 2. Do your system monitor it remotely or you have to go to the site and test it out? What is this instant fail...

Accepted Answer

Hi Badal, thank you for your interest and questions that may help out many other interested parties: 1. yes, our key differentiator is that we give our clients' tech our instrumentation (our "EKG") to take the necessary measurements that are not available from anywhere else. If the test results showing a distressed inverter, we leave the instrumentation in place until the inverter has been repaired or replaced. 2. The tech gets test results right after an only 10-min test when testing the inv...

Question 2

Congrats on your progress and your launch on Wefunder. Three questions: (1) Can you talk more about your IP protection? (2) Can you expand a but more on how you are different from other competitors in the market? (3) How do you envision maintaining that difference over the nex...

Accepted Answer

Dear MN, thanks for these important questions: 1. We have patents issued in the U.S., Germany, Italy, Spain, France, U.K, key countries where our market is (protecting the 'sale'), or likely competitors could emerge (protecting the 'make'). 2. In view of inverters, monitoring companies do not predict. Asset management companies use data from the same source as any other, non of which offer causality for failure prediction. We make our own "food" (data) at much higher quality. 3. Who got the (...

Question 3

Hi Bert, very interesting concept. A few questions from a solar guy: 1) can you share a few examples that your scanner can detect or predict, whereas the inverter's inherent fault/warning code cannot? (2) Is your scanner compatible with inverters from all manufacturers, centra...

Accepted Answer

Thank you, Ying Teng. Actually, the concept of predictive diagnostics has developed out of "Condition-Based Maintenance" practiced for decades in rotating machinery, ie for bearings. Electronics is just orders of magnitudes more sensitive and fails so much faster, if not recognized early on, which is the challenge that we have overcome. (1) Warning codes are issued most often after a component failed, sadly often masked by other failures and often not accurate. The initial key sub systems we ...

Question 4

We want to know what you see your valuation will look like in 3 years also the income and balance statements Not to say much, I think we are very much interested in this project but then we are not opting for the crowdfunding route. We were wondering if you have provisions to ...

Accepted Answer

Dear Thomas, thank you for you interest and proposal for alternative financing, which is our main funding strategy. We have closed traditional convertible financing under 506(c) under Regulation D from accredited investors. We are in the process of revising our financial projections and cashflow needs as there have been numerous developments that materially influence our projections. These include continuously upwards revised projections for solar and energy storage projects, based on the lat...

Question 5

If the $200,000 funding mark is not met within the next 7+ days, will you be extending the round?

Accepted Answer

Hi Michael, no, we are focussing on larger checks from value add angel investors and strategics that customarily don’t participate in crowdfunding. We need to watch where we spend our time. A client contract offers a larger amount plus added value as it could be recurring revenue and attracts larger capital.

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