Nanotech 2011

SecureWaters, Inc.

Location:TN, US
Speaker:Robert Clark
Title:CFO
Primary Industry:Water
Executive Summary:SecureWaters, Incorporated in 2010 to develop and commercialize patented technology that monitors, detects and identifies toxins in surface water. The Company manufactures and sells an electronic monitor/alarm system, the AquaSentinel which automatically and continuously tests for toxins in source water, providing for early intervention counter-measures. This real-time chemical/biological detection system with remote sampling and sensing capability significantly improves the safety of the nation\'s water supply by ensuring a continuous stream of high-quality water. The company is based in Soddy-Daisy, TN, near Chattanooga. SecureWaters, Inc. is seeking $1.9 million in equity capital to expand the company and reach its goals, primarily to obtain a positive cash flow status as quickly as possible. We have raised $50,000 in private equity to date, and intend to use the funds to hire key personnel such as a Chief Marketing Officer, market to end users and distributors, develop our new and improved AquaSentinel, and develop new “signatures” for multiple toxins. The current production model is being manufactured and we expect to have it ready for testing in February 2011. We expect to have annual sales of $50 million by year 5, and expect to be cash flow positive by year 3.
Venture is:A-Round

 

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