The key to safety, predictability, longevity, and efficiency is effective STRUCTURAL inspection. Bellwether automatically provides actionable information based on comprehensive, continuous, and objective sensing and analysis.
❖ Bellwether™ uniquely breaks through the practicality and affordability barriers of bridge monitoring.
❖ Bellwether™ consists of a wireless sensor network, a bridge master station, and a suite of sophisticated analytics.
❖ Bellwether™ enhances existing inspection and maintenance practices. Like a medical examination, inspections are better and more economical when based on objective information that highlights critical and problem areas.
❖ Heuristic Actions, Inc carefully assessed market potential and concluded that the heavy freight railroads were the best initial customers:
❖ Facts about rail bridges:
❖ Railroad bridge development and validation:
❖ Railroad industry sales:
Heuristic Actions founders come from a successful operational intelligence, mission planning and management background, where timely information in context is critical and avoiding information overload is vital. This development team is experienced in bringing critical technologies out of the development environment and into the real world.
Heuristic Actions has been taking the pulse of the railroad industry for over two years to tightly focus BELLWETHER’s™ capabilities on the industry’s actual needs and position it for a strong launch in the market. Direct interaction with key customer decision makers, participation in industry events and trade shows, membership in AREMA, and discussions with industry publication editors and insurance providers have established name recognition among industry leaders. These relationships enhance salability and are supportive of rapid growth after launch.
Class 1s
Large Short Line
Heuristic Actions, Inc. is building a International PR strategy to announce the successful delivery of BELLWETHER™ to the marketplace later this year.
1. What makes Bellwether unique in the market?
2. Why is the wireless architecture such an important differentiator?
3. How do the proprietary analytics help affordability?
4. Is the market ready to buy?
5. When will it be available in quantity?
6. How big is the marketplace?
7. Is it priced right?
8. How are systems installed on customer bridges?
9. How much profit do you project in four years?
10. Who will own the company in four years?
Heuristic Actions is seeking $1,500,000 for an equity position in the company.
The primary use of funds is to expand technical and field support staff. The core technical staff will continue to focus on finalizing productization and then move into pre-planned continuous product improvement. The field support staff will ensure client installation teams are fully supported from project inception through completion. The next use of funds will be to expand the technical marketing staff to allow expansion into the US highway marketplace and the International rail and highway markets
As stated above, we expect an acquisition by 2020, most likely by a systems integrator, an Internet of Things company, or by a conglomerate that collects a portfolio of system houses. Another possible acquirer would be a technical company that provides related services within the industry segment such as a major bridge/infrastructure design or construction firm.
❖ December 2016: Initial operational Bellwether systems deployed on customer bridges
❖ June 2016: Provisional patent filing.
❖ March-May 2016: Preparation of provisional patent filing for Bellwether as a system, adding to the existing patent on the wireless sensor architecture.
❖ January 2016: Signed a ten-year contract with one of the largest North American Railroads.
❖ December 2015: Completed Round 1 of investor funding to complete development of the Bellwether technology.
❖ December 2014: Obtained exclusive license to Stanford University wireless SHM architecture patent.
❖ June 2014: Second increment of founder funding.
❖ March-December 2014: Identified availability of all requisite technologies to meet customer requirements. Initiated design of the system, starting with trade studies and systems engineering and continuing to analytics test and validation, performance specifications, and preliminary hardware and software design. Applied for exclusive license to wireless SHM architecture patent.
❖ March 2014 – to date:
Jim Lochry and Tim Moriarty have been working together for decades, applying technology to operational situations to substantially improve operations and create value. Their awareness of the world’s acute crumbling infrastructure problem and of technologies that could be developed into useful tools to help mitigate and remedy this problem motivated them to develop Bellwether.
Co-founder and Executive Chairman of Pharmacy OneSource, Inc., which develops SaaS solutions for healthcare organizations.
Founder / CEO of Impact Systems, Inc and former SVP at Measurex.