Are there debts on the company? What is the annual interest rate?

We paid off all debts as of 5/16

Hi Team I am interested to invest in your company. But kindly let me help to take my investment decisions by providing answers to these questions. 1. How effective your technology is and is it still a prototype or you people have successfully generated energy to power up house...

Hi Arghya, Thank you so much for your interest! I am happy to answer your questions: 1. Wave tank testing and resulting scale extrapolations have shown a major advantage in using our highly efficient motion rectifier. Smoothened, unidirectional motion is the preferred input for a generator. We have not generated energy in the Ocean yet, which is the reason why our valuation, in our estimates, reflects our early stage. The industry has seen several companies raise at over $50M valuation and no...

Hello, Why don't you merge and/or partner up with another startup like Oscilla Power?Currently Oscilla Power is raising on StartEngine. I see some good synergies from the merger. Just food for thought. Best regards, Miguel C.

We have discussed partnerships with other wave energy firms, including licensing and other means. We have received a collaboration offer from one (not Oscilla), but they were heading in a different way that we were not quite confident about. There is ample consolidation that is left to occur in the industry, and we will start exploring them as time comes. But we believe our novel methods can be highly efficient and can disrupt the current state of the art in efficiency, maintenance and cost. ...

Hi, You mention "patents pending" - how many patents are pending. When were they submitted? If these patents are granted, to whom will they be assigned? Thanks for your replies. Blessings

Laminar Scientific Inc. will be assigned all pending wave energy patents invented by anyone in the team at no cost; every member and myself have signed contracts to that effect. We have seven pending patents, we abandoned one (not shown in wefunder) after feasibility testing but ended up inventing another. It's a rolling process, we submit provisional patents (much cheaper application) as we attain good ideas, we test them at labs or through simulations, abandon some, keep some. The process h...

Is licensing your primary revenue model? Would you consider operating them yourself or partnering with investors to manage the generators directly? Who is the target buyer of energy that is created by Laminar products (regardless of who operates them)? (Government, incumbent e...

Thank you very much for your questions! 1. Licensing is our first revenue model since it is the fastest path to capital in an early stage. We are currently attaining revenue on regional exclusive licensing in SE Asia, and they are also paying for the first prototype build, which is a big win for us since we get to prove our tech at sea without incurring costs. 2. We are looking to transition to large scale manufacturing and sale of buoys as the business model as we mature and form the right p...