We are the future of passive automotive safety. A safety belt system that tells you when it has been overused and is no longer safe for use.
We cannot put a price on the preservation of our own lives, those of our loved ones or indeed of anyone in the broader community. Auto safety is an area where legislation is constantly tightened to meet evolving technology. The concept of being able to audit the usability of a safety belt simply by looking at it is a huge step forward in auto safety.
There are no competitor solutions out there and, as auto safety is an extremely litigious area, any competitive advantage is embraced with great fanfare.
Advanced R&D will commence at the start of August with working product prototypes available by year end.
Annual profit are estimated at $15 million upwards after 18-24 months.
We are offering 40% of the equity in the project for the sum of $500,000 in investment funding.