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Larry Condon

Green medical waste company

Scott Bufton · Fri, 2010-08-27 11:33
Project Type: 
Industry: 
Project Location: 
Denver, CO, 80123
United States
See map: Google Maps
One-line Pitch: 

Medical waste turned into usable energy by our green machine

Business Overview: 

Machine takes medical waste or any waste and reduces it by 95% via friction through the machine. the by product can now be sent to regular landfill or used in gasification system. many applications.

Project Funding

Amount Sought: 
$2,000,000
If raising funds, what shall the funds be used for?: 

Building 2 new machines, R&D, inventory, salaries

Pre-Money Valuation: 
$1,000,000
Funding Received to Date: 
$0
Amount invested by Founders: 
$100,000
Funding Stage: 
Early/Seed

Business Details

Business Model: 

pre paid licensing method where the customer pays per pound of waste processed through the machine. On aveage between 10-15 cents.

Who is the Customer?: 

Hospitals, municipalities, landfills, universities, cruise lines, Dept of Defense, major commercial businesses such as Walt Disney, airports,

What is the Customer Pain that you are solving?: 

we sterilize and reduce infectious waste to 95% original volume size and do it ALL GREEN, no emissions, etc By product can be sent to landfill or burned in gasification system.

Names of any current or recent customers: 

TAE Enterprises

What is the Target Market?: 

large hospital systems

How big is the Target Market in terms of Annual Sales?: 
$5B-$50B
Sales/Marketing Strategy: 

can be obtained from us. very detailed.

Provide use cases : 

yes, Baycare health systems

Company financial

What are your future milestones, and how much capital will you need to achieve each of the milestones outlined?: 

No more capital necessary due to business model. Machines become profitable in less than 1 year on 5 year contracts

What is your total and operating cash burn (the amount you're spending) per month? : 

20,000

How many future rounds of financing do you project? : 

0

Management

NameTitle
Scott BuftonCEO
Mike VoynovichPresident
Rich ArmstrongCOO
Dave GlaserCFO
Bill FaganCTO

Advisors

Business support

Services Desired: 
Legal-Corporate
Manufacturer
Capital Broker/Dealer

Competition

Competition: 

Stericycle

What makes the technology/business unique and have a defendable competitive advantage?: 

proprietary green technology which sterilized and pulverizes waste for a gasificatin system while significantly cutting operating costs

Technology

Describe in detail the technology used in the Project - Address the innovation in significant detail : 

worm gear technology which uses friction to heat the waste and sterilize it.

What, if anything, has been proven (and how far is this from a commercial scale)? : 

prototype working

What challenges/risk does the technology face for commercialization?: 

Simple technology that could be duplicated

Project Marketing

One-line Pitch: 

Medical waste turned into usable energy by our green machine

Waste to Energy/ Distributive Energy

Ken Sutton · Thu, 2010-07-22 09:04
Project Type: 
Industry: 
Project Location: 
Phoenix , AZ, 85018
United States
See map: Google Maps
Business Overview: 

Arizona based energy company has structured an agreement to purchase all interest of a U.S. based waste management Firm.

As it stands, there is a great opportunity with the core business creating a cash flow engine through its consistent client base. But the real opportunity is that "energy company" has worked to integrate a Power Generation unit that will transform the current product line from a high volume waste reduction methodology to an integrated distributed power waste to energy system where the Company can leverage its existing customer base, industry branding, expertise, reputation and manufacturing capabilities.

The company has tremendous operating leverage due to the infrastructure the existing owner has built and paid for – there is no debt on the company except for a working capital line. The existing facility and manufacturing equipment.

Project Funding

Amount Sought: 
$2,000,000
If raising funds, what shall the funds be used for?: 

$250k to $350k re PowerGen unit.
$250k to $350k to expand marketing, sales and regulatory advocacy – advertising, trade shows, trade publications, and meetings with regulators.
$250k+ to build inventory for anticipated increased sales – phased in over 6 months.
$250k to $350k on annual basis to add personnel in management, engineering/production and accounting.
$150k to $250k of deal transaction expenses – legal, out of pocket expenses and third party fees.

Amount invested by Founders: 
$2,000,000
Funding Stage: 
Growth

Business Details

Business Model: 

PowerGen is a cost effective and portable solution to create energy from biomass. It is in line with the trend to so-called distributed power generation (localized generation and use).
-Industry data suggests that in the United States alone, over 50,000 megawatts of latent energy potential is unexploited every year as varied waste streams are buried in landfills. This represents energy to power more than 20 million American households.
-The use of biomass to generate power currently supplies 3% of the U.S.'s energy consumption.
-The United States Department of Agriculture and the Department of Energy have jointly estimated that the vegetative biomass potential of the US exceeds 1.3 billion tons per year.
-The energy bureau of the NDRC has estimated that there is 340 million tons coal equivalent (“TCE”) of biomass resources in China today which are expected to grow to over 800 million TCEs by 2030.

Who is the Customer?: 

In North America, the primary markets for the Company’s products have been the controlled reduction of vegetative waste in land clearing operations, landfills, forest management and disaster recovery. A sizable portion of sales have been related to projects for the U.S. Forest Service and the U.S. Department of Agriculture (picture is of an EPA site). Over the past few years, the U.S. Military and NATO have been increasingly purchasing equipment to manage waste streams on military bases around the world.

Names of any current or recent customers: 

U.S. Military, NATO,U.S. Forest Service and the U.S. Department of Agriculture

Location:
Phoenix , AZ, 85018
United States
See map: Google Maps

Company financial

Internal Rate of Return (IRR): 
100%

Advisors

Ken Sutton [nid:17733]

Business support

Competition

Technology

Project Marketing