Dear LiquidPiston Investor,
It’s hard to believe that it’s almost the end of the 1st Quarter – a lot of activity for the Company during the past 3 months.
Highlights since our last update (December 2019) include:
Product Development Update:
While most of our team has been busy on customer programs (conceptual design efforts, see below), there are two other key developments that have been enacted:
We’ve been working on several feasibility / pilot programs funded by partners, looking at how the X Engine technology scales and could be adapted for partner-specific applications.
Note: We have strict Non-Disclosure Agreements in place, so we are necessarily restricted from disclosing partner names and project details.
Our involvement with the US DoD, particularly multiple program offices within the US Army is ramping up and we are getting good visibility from our CAPS project and participation in the Army xTechSearch 3.0 competition. (https://www.arl.army.mil/xtechsearch/competition.html#xtech3).
Current status of US Government proposals and projects:
The Company embarked on a new crowdfunding campaign with StartEngine (startengine.com/liquidpiston) in January, which was extraordinarily successful. We closed the maximum allowed under Reg CF ($1.07M) in just 9 hours, which was a record for StartEngine and probably for the industry. This is very gratifying as it indicates that a lot of people are following the Company and believe in our mission of disrupting the combustion engine as we know it - with significantly reduced size, weight, reduction in fuel consumption, resulting CO2 impact as well as other greenhouse gases. We were also fortunate to have been evaluated by and featured by Neil Patel and the Angels and Entrepreneurs Network: https://angelsandentrepreneurs.com
As numerous individuals continue to contact us directly inquiring about the possibility of investing in the Company, we are currently accepting accredited investors for direct investment (minimum $25K). If interested please contact firstname.lastname@example.org.
As always, please do not hesitate to contact me if you have any follow-up questions.
Thank you again for your support as LiquidPiston moves into the next phase of productization, industrialization and company-building.
Alec Shkolnik, PhD
President and CEO
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