Our business strategy includes the commercialization of the two primary applications of our technology. The first application will be the seaside lunar version, which will use large vessels and ships and will focus on developing a customer base that consists of port authorities, municipalities, naval stations, and eventually, utility companies. This application will result in utility scale renewable electricity that is baseload and capable of replacing nuclear and fossil fuel generation. The second application is to use the landlocked version of our technology for bulk energy storage, and to pursue a customer base consisting of compressed air energy storage companies, wind and solar farms. This application can increase the capacity of existing Pumped Stored Hydro stations, and increase the efficiency of compressed air storage technology.
We will maintain a small company servicing a large market by licensing our technology and continuing to develop innovative designs and equipment in the nautical torque field of renewable electricity generation. As a small company, we will develop and promote our technology to the point where its feasibility and scalability are beyond doubt, thereby capitalizing on the global demand for renewable cost effective energy. We have recently been granted a U.S. patent and will continue to file supplemental patents as our R&D continues. Once a utility scale operation is up and running, we can promote our technology throughout the world and sell licenses to all interested entities.
We are currently aligning the necessary suppliers, parts, and technical workers necessary to build our first prototype. Negotiations with entities such as the Port of Oakland, the San Francisco Port Authority, PG& E, Southern California Edison and others are currently taking place to secure a waterfront location and a purchase agreement for future seaside prototypes and demonstration projects.
Stage 1: Duration = 3 - 6 months
o Construct landlocked protototype at our San Rafael studio.
o Testing and independent validation from 3rd party engineers.
o Recruit CEO and CFO, Advisory Board.
o Begin fundraising, forming the strategic partnerships necessary for seaside prototypes
o Begin certification process for becoming a renewable energy provider
Stage 2: Duration = 1 - 2 years
o Construction of first seaside prototypes
o Establish corporate structure of company
o Develop customer base of port authorities, municipalities and individual companies.
o Testing and analysis of seaside prototypes and demo projects.
o Form strategic partnerships.
o Plan for further prototype deployment of 2mw and 10mw systems
o Secure Intellectual property by filing patents in foreign countries
Stage 3: Duration = 1 year
o Construction of utility scale seaside and landlocked facilities.
o Foreign marketing campaign, sell licenses to interested parties.�
o Establish revenue stream, expand our employee base, develop marketing plans and present at energy conferences.
Stage 4: Duration = 2 - 3 years
o Revisit business plan with updates and estimates based on prototypes
o Present to venture capitalists, banks, and governments
o Continue to acquire assets, experience and expertise
o Begin licensing agreements with interested parties and begin plans for utility scale facilities
o Develop exit strategy for initial investors