Microtech2010 2010

ThinkEco Inc.

Location:10016, US
Speaker:Jun Shimata
Primary Industry:Energy Efficiency
Executive Summary:ThinkEco, Inc. is a NY-based early-stage company developing disruptive energy efficiency technologies. Our goal is to make it easy for everyone to conserve energy and money. Our first product, the modlet®, is a patent-pending, hardware/software solution for monitoring and managing electricity at the plug-load level (i.e. appliances plugged into electrical outlets). 2 pending patents focus on protecting technology attributes that facilitate customer adoption and retention in unprecedented ways: (1) the low-cost and small footprint of the hardware, and (2) smart algorithms that enable significant savings benefit to users for minimal effort. Business model focuses on modlet® hardware sales and recurring SaaS fees for the modlet® energy-management web application, where we initially target business and institutional customers. For larger customers, hardware costs can be wrapped into the SaaS fees for a truly win-win situation for both parties: a recurring subscription revenue stream for ThinkEco, and net customer savings from day 1.
Venture is:Seed Level

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