Surface Prep Solutions, LLC
No Carbon Footprint, No Motors, No Compressors, 95% more energy efficient than current environmentally challenged grit blasting systems.
Surface Prep Solutions, LLC is raising $200,000 with a minimum reservation of $25,000.
- Funding Goal$200,000
- Minimum Reservation$25,000
- Open Date05/08/2015
- Closing Date07/15/2015
- Return Amount546.00% of
- Maximum Return Amount25.00 x Investment Amount
- Payback Start DateN/A
- Payback Start6 Months After Finance Close
- Payment FrequencyQuarterly
- Green Technology- No Carboin Footprint, No Motors, No Compressors
- Surface Prep has accrued over $975,000 in federal R&D tax credits
- SPS has entered into a contract with Western Pipe for $1,989,000
The Surface Prep’s Team of engineers has developed a new innovative, green, grit blasting electro-magnetic technology for steel surface preparation-No Carbon Footprint, No Motors, No Compressors.
Why We Started This Company
Earth is on the edge of a Sixth Extinction
Close to half of all living species on the Earth could disappear by the end of this century, and humans will be the cause.
This is the Sixth Mass Extinction — a loss of life that could rival the die-out that caused the dinosaurs to disappear some 65 millions years ago after an asteroid hit the planet.
This time though, we’re the asteroid.
At least that’s how Elizabeth Kolbert, the author of the book ‘The Sixth Extinction,’ sees it.
“We are deciding,” Kolbert writes, “without quite meaning to, which evolutionary pathways will remain open and which will forever be closed. No other creature has ever managed this, and it will, unfortunately, be our most enduring legacy.”
In ‘The Sixth Extinction’ Kolbert traces our understanding of extinction from the first time it was proposed as a theory in the 1740s until now, with scientists mostly agreeing that humans may be causing it. One of the main culprits in the sixth extinction, Kolbert says, is climate change.
THE ELECTRO-MAGNETIC PATENT PENDING GREEN PARTICLE ACCELERATOR TECHNOLOGY
“NO” CARBON FOOTPRINT, “NO” MOTORS, “NO” COMPRESSOR
Surface Preparation Solutions “Thinks Green”: “Think Green” is a Surface Prep company‘s initiative to identify and promote products and applications that are environmentally friendly-SPS “Think Green” was and is our company’s mandate to create, green, energy efficient technologies for the surface preparation industries.
Pursuant to this mission statement, The Surface Prep’s Team of engineers developed a new innovative, green, patent pending electro-magnetic technology that propels an abrading particulate material (grit) to create a profile for the steel and other surface preparation industries.
Four years ago, we saw a niche that by using electro-magnetic energy to propel a ferrous material (grit) for steel surface preparation that created no carbon footprint, did not need any motors or compressors and was approximately 95% more energy efficient than the current technologies and could have an impact on the environment as well as to achieve a good Return on Investment (ROI)-Therefore we decided to build a “Proof of Concept” that successfully demonstrated the viability of this new technology to industry professionals and experts in the field of pulsed power, which proved the feasibility of propelling grit using electro-magnetic energy to create a profile on steel for coating.
WHAT SETS US APART
Mike Baden, the inventor, built the “Proof of Concept” that was successfully demonstrated for industry experts and several Ph.D. engineers, who all verified that there was nobody using electro-magnetic energy to propel a ferrous material I.e. grit to provide a profile on steel prior to coating-We have a contract for the first system for $1,989,000 with a major pipe company, therefore, the logical conclusion is we have a completely new and viable steel surface prep technology.
Our Keys to Success
The final key to commercialization is to have a coil that will repetitively propel grit at the following specs: An electomagnetic coil or combination of coils that will repetitively pulse .36 ounces of G-25 steel grit at the rate of 4-6 (or more) pulses per second and at least 300 ft/sec (or more) that will have the capability of knocking mill scale, rust or paint off steel to create a profile and the coil circuitry-We have retained Dr. David Hemmert to build the coil this coil.
Return on Investment-Five Hundred (500) Elect
THE “RING OF FIRE” MOBILE ELECTRO-MAGNETIC GRIT BLAST SYSTEM-NO COMPRESSOR, NO MOTORS, NO CARBON FOOTPRINT
Projected Pro Forma-Mobile Systems
Justice Oliver Wendell Holmes noted, “All values are anticipations of the future”. The IRS has also made clear the importance of future performance and therefore forecasting through one of the most well known valuation-related quotes in the profession today, namely “Valuation is a prophecy as to the future” (Revenue Ruling 59-60). In addition, modern financial theory as preached around the globe today is premised almost entirely on the “time value of money” principle. Simply stated, the value of any asset is a function of the future net cash flows accruing to its owner(s).
Projected Annual Lease Return on Investment-500 Systems
12 Inch & 24″ Mobile Pipe Systems-Five Year Lease
500- 12″ Systems = 375,000 sq. ft./ day X 251 days/year = 94,125,000 sq. ft. /year X $.20/sq. ft. = $18,825,000/year minus $7,500,000 cost of good sold= $11,325,000 lease income/ year X 5 years =
$56,625,000 X 1.25% = $707,783
500- 24″ Systems = 750,000 sq. ft./day X 251 days/year = 188,250,000 sq. ft./year X $.20/sq. ft. = $37,650,0000/year minus $7,500,000 cost of good sold =$22,650,00 lease income/year X 5 years=
$113,250,000 X 1.25% = $1,415,560
Federal: Investment Tax Credit = 30% Research & Development = 20%
State: Angel Tax Credit = 35% Research & Development = 22% Renewable Energy = 10%
Mike Baden build and demos the “Proof of Concept” to end-users and engineers
Western Pipe Coaters provides a purchase order for the first Electro-Magnetic System for large pipe to be built and installed at their fac
Phase I-Proof of Concept Phase II- Repetitive Pulsing Coil Phase 1: “Proof of Concept”-