Texas based medical technology company seeking $500K from strategic investor.

Company Overview

Headquarters Location: U.S. – Texas

Background:

The Company is an innovator in a mature space. Imaging, machine vision, and process controls are well established and stable. Using techniques and patented technologies and applying them to new problems is their objective. The company will advance the safety and health protocols of today through the use of multi-spectral cameras, further protecting millions of patients, students & workers while minimizing corporate liability, expenses & loss of productivity.

Market:

With over 200,000 ‘closed loop systems’ where visitor monitoring is imperative, our customers include hospitals; urgent care centers, nursing homes, assisted living facilities, schools and day care centers. A pilot program had been offered and accepted with one of the largest hospital networks in the nation.

Pain Point:

Currently, around the world, sick or fevered people are allowed to freely travel among our most vulnerable. Infection and re-infection are a global problem. The cost is missed work, missed school, or even death for consumers. Corporate issues include unpaid medical claims, insurance chargebacks, loss of productivity & increased liability.

Solution:

The Company has developed a Multi-spectral device working as a red light/green light system outside of potentially vulnerable areas. Restricting access by fevered people to these areas will provide an immediate reduction of risk, liability & cost.

Financial History:

The Company raised $320,000 in their initial seed funding via a Friends and Family round. Those funds were used to explore their initial hypothesis, build a working prototype, and establish a working organization. The company is currently pre-revenue, but shows strong financial projections for 2017 and beyond.

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