SALE OF BUSINESS | TECHNOLOGY COMPANY | Express Interest by 30 June 2017 16:00

Fourth generation professional auctioneers and valuers

Click here to find out more

Express Interest by
30 June 2017 16:00

BUSINESS FOR SALE

TECHNOLOGY COMPANY

JPS Chartered Surveyors have been instructed to assist in the disposal of the company.

Overview

  • Combines proprietary software and other IP with sensor equipment and communications devices to produce an end-to-end connected industrial worker platform, combining gas, noise and physiological sensors, smart garments and a cloud-based platform to help industrial companies reduce accidents, prevent deaths, and better manage workforce.
  • Applications and products are related to health and Safety to respond to potential industrial employee accidents through real time management of incidents and monitoring of operating environments
  • Required further significant funds (approx. £5m) to progress as planned
    • (£000s) Investment
    • Further Dashboard Development £1,500,000
    • Further 3rd party sensor/platform integration £1,000,000
    • Building the Team £2,000,000
    • Marketing £300,000
    • Protecting IP £200,000
  • An alternative plan exists requiring an investment of £1m for a slower roll-out business
  • Build out of technology for series of pilots in September 2017 with significant customers
  • Company holds over 40 patents with end dates between 2018 and 2028
  • Business model is to licence its technology to manufacturers of industrial garments/HiViz jackets and sensor OEM’s
  • Has consumer products division for garments incorporating LED lights, for cyclists.
    • Current cash flow limitations will require funds to be injected as identified above.  The company is currently making a loss, however, projected management reports indicate that following £5m injection of funds, Profit/(Loss) before tax
      • Dec 2017         -£721,700
      • Dec 2018         -£1,661,600
      • Dec 2019           £400,400
      • Dec 2020           £3,734,000
      • Dec 2021           £9,063,600
    • Leasehold premises in the midlands
    • Experienced management team, advisory board and workforce. 13 full time, 9 part time.

Opportunity to acquire the following business and assets:

  • Intellectual Property (including patents)
  • Current contractual trials
  • Rights to any proposals submitted to customers
  • Stock in UK and USA
  • Office furniture and equipment
  • Goodwill, IPR and Websites

 

BUSINESS FOR SALE

TECHNOLOGY COMPANY

JPS Chartered Surveyors have been instructed to assist in the disposal of the company.

Overview

  • Combines proprietary software and other IP with sensor equipment and communications devices to produce an end-to-end connected industrial worker platform, combining gas, noise and physiological sensors, smart garments and a cloud-based platform to help industrial companies reduce accidents, prevent deaths, and better manage workforce.
  • Applications and products are related to health and Safety to respond to potential industrial employee accidents through real time management of incidents and monitoring of operating environments
  • Required further significant funds (approx. £5m) to progress as planned
    • (£000s) Investment
    • Further Dashboard Development £1,500,000
    • Further 3rd party sensor/platform integration £1,000,000
    • Building the Team £2,000,000
    • Marketing £300,000
    • Protecting IP £200,000
  • An alternative plan exists requiring an investment of £1m for a slower roll-out business
  • Build out of technology for series of pilots in September 2017 with significant customers
  • Company holds over 40 patents with end dates between 2018 and 2028
  • Business model is to licence its technology to manufacturers of industrial garments/HiViz jackets and sensor OEM’s
  • Has consumer products division for garments incorporating LED lights, for cyclists.
    • Current cash flow limitations will require funds to be injected as identified above.  The company is currently making a loss, however, projected management reports indicate that following £5m injection of funds, Profit/(Loss) before tax
      • Dec 2017         -£721,700
      • Dec 2018         -£1,661,600
      • Dec 2019           £400,400
      • Dec 2020           £3,734,000
      • Dec 2021           £9,063,600
    • Leasehold premises in the midlands
    • Experienced management team, advisory board and workforce. 13 full time, 9 part time.

Opportunity to acquire the following business and assets:

  • Intellectual Property (including patents)
  • Current contractual trials
  • Rights to any proposals submitted to customers
  • Stock in UK and USA
  • Office furniture and equipment
  • Goodwill, IPR and Websites
Close

For further details and to receive an NDA

please contact  mark.i@JPSsurveyors.co.uk