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Pitch Presentation 081117
- 1. Sloop Technologies Adam Brooks, co-Founder Kiran Brooks, co-Founder 1100 Wicomico St. Baltimore, MD 21230 443-521-6474 http://www.sloop.tech
- 3. The Problem Rehab Robotics Upper Limb Prosthetics Workforce Assist Control Weight Size Cost $4B *per Ekso Yearly Reports Control Weight Size Cost Control Weight Size Cost $1B *per RIA Analysis 2015 $3.7B *per Myopro June 2017 Presentation
- 4. The Solution • Small form factor • Plug-N-Play • Low Cost $500 COGS
- 5. The Market $2,000,000 $10,000,000 $50,000,000 2015 2017 2020 $0.20 $1.10 $3.50 2015 2017 2020 Amounts in Billions USD
- 6. The Revenue Model Sloop Technologies Distribution Clinicians (End User) -$8000 $25,000 COGS, $500 Sloop, $4,500 Channel, $3,000 Clinician, $3,000 Brace, $1,000 Control Sys., $5,000 $0 $5,000 $10,000 $15,000 $20,000 $25,000 SloopMyoPro
- 7. Team • Proven Control System • Highly collaborative • Have Provided Design Input • Helping with Market Research • Main distributor of the Southeast for orthopedics • Providing input from a clinical setting Chris Lake CEO/CPO • ISO 9001/13485 • Design and Mfg services • Get cGMP in place • Design / Mfg integrated
- 8. Financials $0 $150,000 $300,000 $450,000 $600,000 1 2 3 4 5 Year $0 $400,000 $800,000 $1,200,000 1 2 3 4 5 Gross Revenue - B2B Gross Revenue - Devices
- 9. Traction • Lake Prosthetics wants 10 units • Main distributor of the Southeast for orthopedics • Providing input from a clinical setting Chris Lake CEO/CPO • Part of a soft launch with his channel • Currently working on Northeast area
- 10. Summary Adaptable, Low Cost System Multiple Available Markets Quick Entry into Rehab Markets Fully Adaptable Team in Baltimore
- 11. Proof-of-Concept Testing Redesign w/ User Needs Prototype Soft Launch Final Design Review Mass Production In progress Jan ‘18 April ‘18 May ‘18 July’ 18 The Strategy • Build Ecosystem COMPLETE • Regulatory and Patent Review • Feedback from Partners Incorporated TO DO • File for Provisional Patent • Continually Improve Ecosystem • Final Design and Production First Run
- 12. The Sprints Risk Mitigation: $10k to $15k (1 year) • Provisional Patent (3 weeks) • Final Patent/PCT continuation (1 year from start) Production Setup: $75k (4 months) • Final Design by Contract Mfg. • Prototype fleet for partner review Channel Development: $100k ( 1 year) • Prototype fitting and support for early adopters First Article Batch: $25k (3 months) • First production batch to satisfy demand Bottom Line: • $215k • 8 months to market
- 13. Five Year Plan • Year 1: Device DFM and Launch • Year 2: Tradeshow Appearances and Workshops to improve sales, Full Patent Filed • Year 3: Full Patent Filed, Device 2 redesign starts for next market segment (lower limb) • Year 4: Sales of Device 1, 510k submission of Device 2 • Year 5: Active Sales Push for Device 2 and 510k Approval
- 14. The Mission • Increase access to exoskeleton therapy for the handicapped • Enable @ home occupational therapy • Bring to market a low cost, high performance exoskeleton platform
Editor's Notes
- Stroke Most expensive Coming in at 2% of the population, patients carry this all their lives The only sure-fire way is increased therapy, they need at least double what they currently have, 60% of the time they are alone and unable to care HUGE RISK Adds $1.3 Billion in additional costs each year, Up to $16.7BB Total Market for TBI in 2015, $22.5 Billion
- Reword End-user
- Traction
- Myopro 510k submission K062631 calls out three predicates For the active motor component they use the Boston elbow Boston Elbow is covered by powered exercise equipment 890.5380, therefore it is class I cGMP exempt with an exception to complaint reporting and record keeping