Hello, I agree with everything you said in your update. My question is about the automated arm sorter. Do you plan to buy a system that's already available or develop your own? If you plan to build or modify one, what advantage will yours have that the current ones don't. Also...

Hello John, Thanks for the comment and we are happy that you agree with our plan. In regards to the robotic sorting machine, there is already existing solutions that have worked great at scale in MRF's (material recovery facilities). We plan to use existing robotic sorting machines initially as we sell our solution to customers. We have already begun talking to Everest Labs, a US company that provides a great solution for the computer vision library and we plan to combine that with existing h...

Hi Hamoun, Three questions: 1) Where are we with the patent (latest update) ? 2) as at now do you have a proven and complete product or are you still in the testing stage? 3) I saw where there are other competitors within the space which means your patent wont prevent competit...

Hello Romech, Thank you for the questions. 1. We filled a provisional patent last year in April. The documents can be found at the bottom of our pitch. We will be using some of the funds raised here to pursue a full patent application in the US & Canada. Prior to filling a provisional, we completed a patent search and are happy to report that no patents were filled within our invention. 2. We are currently beginning shipping our smart bins this year. The design, technology and software ar...

This is an interesting idea. I am not completely sold on the bin yet. So much is already spent on current bins. That's gonna be a huge hurdle to compete against. For scale, I think a smart sensor is your best option but the monthly cost is quite high. $10/m per bin is quite ex...

Hello David, A lot of great questions here. I will do my best to cover most of them. 1. In regards to bins price, our sensor tech is only a $50 COGS add-on. It is actually a very easy conversation to have with companies looking to purchase bins to go with a smart bin! 2. The value proposition of the smart bin alone is that it helps avoid over-flowing bins, increases staff efficiency and delivers much needed data to sustainability teams. $5 per bin/month is for the TRIO bin that we offer, for ...

Do you have revenue projections for the next 3-5 years?

After successfully completing our robot, we conservatively expect 750K in revenues and $550K in ARR within 24 months.

What is the exit strategy and can you be a unicorn?

Hello Umair, We are a group of young experienced founders who plan to take our business to the end. If an opportunity comes to exit to a large janitorial services company or waste management company we will consider. For now, our plan is to go IPO.