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AirVentions Inc. Airport Ramp Inventions
2013 AirVentions Inc Confidential & Proprietary
Contact: Spencer [email protected]
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INVESTMENT HIGHLIGHTS
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Industry Big Data + Wireless + Light Robotics 1st Vertical:
1.7Bn/Yr Market
Potential acquisition target
Status Pre-revenue, pre-product 2 issued patents: working
prototype Customer validation: approved pilot Industry leader on
advisory board
2013 AirVentions Inc Confidential & Proprietary
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RAMP INCIDENTS COST $ 10BN/YR
$200K per incident 1
2013 AirVentions Inc Confidential & Proprietary
92% => h u m an e r r o r 1
55% => unreported 2
Avoidable Cost to Airlines
31. IATA.org2. Flightsafety.org
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SOLUTION MERGES 2 FIELDS
Collision Avoidance Incident Analytics
Robotics Big Data
2013 AirVentions Inc Confidential & Proprietary
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PATENTED SENSOR SYSTEM
Sensor-embedded bumper (Proximity, Touch)
Visual alert
Highlights Bolt-on: Quick Adoption Only on vehicle: Few
regulations
Electronics box(Accelerometer, GPS, Comm)
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DATA ENABLES MANAGEMENT
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Accountability,Recognition:
Goals:
Core
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COMPETITIVE LANDSCAPE
7 Asset TrackingCollision Avoidance Incident Management
Barriers Pending Exclusivity with leading OEMs(>80% Initial
Vehicle)
IP portfolio: 2 Issued Patents
2013 AirVentions Inc Confidential & Proprietary
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OUR MANAGEMENT TEAM
Spencer IrvineFounder & President
Industry experience MIT Sloan MBA Georgia Tech Aero Eng
Strategic partnerships 20+ years productization
Michael FoxEVP BusinessDevelopment
15+ years sensor
devices
Alex FilippovProgramming
40+ years airlineindustry expert
Ray ValeikaIndustry Advisor
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A d v i s o r s
Built 12 high-techcompanies
Larry KaufmanVenture Advisor
T e a m
30+ years Sales andEntrepreneurship
Ron IrvineBusiness Advisor
(Sales/Marketing)
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AVIATION INDUSTRY
2012 AirVentions Inc Confidential & Proprietary
INITIAL $1.7Bn/Yr MARKET
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Collision Avoidance
+Incident
Management
RiskManagement
OperationsLogistics
BaggageTracking
$1.7BN/Yr
Initial
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2012 AirVentions Inc Confidential & Proprietary 10
REVENUE MODEL
AirlinesPurchase
Subscription
Insurance
Agencies
AVI
1.5 year ROIto Customers60%
85%
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2013 AirVentions Inc Confidential & Proprietary
QUICK POSITIVE CASH FLOW
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Breakeven
Positive Cashflow in 2yrs
1000 Units Sold 1 major contract (3000
units) 2 Years to scale up a
contract 1
1. Based on comparable ramp installations
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2013 AirVentions Inc Confidential & Proprietary
NEXT STEPS AND USE OF FUNDS
Accomplishments2 Patents IssuedWorking Proof of ConceptCustomer
Validation:
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Q3 Q4 Q1 Q2Milestones
Rugged PrototypeBOS Test ATL PilotPre-ordersRefine/ Addtl
Pilots
2013 2014
$120K$50K
$270K
$410K
Previous Funding $90K Founders, F&FCurrent Round $850K $60K
Committed
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Questions?
2012 AirVentions Inc Confidential & Proprietary
Contact:Spencer Irvine
[email protected]
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