Question 1

Do you intend to pay a dividend?

Accepted Answer

It is very likely that we will pay a dividend. That decision will be made by the board once the company builds its first full facility. That is expected to take place within the next 24 months.

Question 2

This is a great concept, good luck with the continued testing! From my understanding of the information provided, the primary revenue will be through licensing of the process, possibly supplemented with streams including turn-key facility sales and/or product (carbon black, oi...

Accepted Answer

Hi Eric, Thank you! Our sales consultant, that successfully brokered numerous recovered carbon black sales, has identified 80 potential customers for recovered carbon black in our local geographic area. The highest grade of carbon black can be sold back to manufacture new tires. We have an engineer on our team that has worked with a few tire manufacturers validating the use of recovered carbon black for tires. Making sales to tire manufacturers is a longer process because of the safety regula...

Question 3

Who do I make the check out to and where do I send the check?

Accepted Answer

Hi Ben Tzion For these questions it is best to contact support@wefunder.com They will talk you through the steps. Let me know if you are still having issues. Thank you Mendel

Question 4

Hi Mendel, This company excited me. I am from Puerto Rico which is a territory of the US. I saw in the news 1 week ago how Puerto Rico is trying to solve their tire pollution problem. As of 5 to 6 million tires enter the island every year and end up in landfills. I suggest the...

Accepted Answer

Hi Carmen We have had conversations with a number of states. Please contact me about ideas in Puerto Rico - mendel@smarttirerecycling.com. We are closely looking at PA at this point. It is situated near many scrap tires and buyers of carbon black. Also, most of our team lives there. We plan to build many plants in the near future.

Question 5

I love the idea of recycling tires and already invested with a company that holds intellectual property for the process on conversion to carbon black. They also hold patents in U.S., Canada, and India and have started a plant in Poland. How does your process compare to the oth...

Accepted Answer

Hi Thomas There are a couple of companies that have similar technologies. The current players are not even tapping into 1% of the billion scrap tires currently disposed of annually. The market is wide open, but the business model is proven. We have proven that we can produce marketable recovered carbon black. We believe we hold two potential advantages over our competition. Our technology is estimated to be 30-50% cheaper to scale than our competitors. Our technology has the potential to reac...

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