1) The document discusses distracted driving caused by mobile phone use and introduces ZoomSafer, a software solution created by entrepreneurs to make smart phone use hands-free and safe for drivers.
2) ZoomSafer was created after one of the entrepreneurs was nearly killed in a crash caused by a driver who was distracted by a text.
3) In 2008, distracted driving from mobile phone use caused over 1 million crashes, 500,000 injuries, and 5,000 deaths in the U.S., costing $40 billion total.
2. FOUR KEY POINTS Use of mobile phones while driving is risky behavior 2 1 A huge and growing problem, definitely worth solving 2 Consumers have all the fun – less motivated to change 3 Corporations have allthe risk – more motivated to change 4
3. THE MOTIVE / MISSION / TEAM 3 In Sept 2008 Kyle was nearly killed because Matt Howard was reading a text while driving. To minimize distractions for himself and others, Matt teamed with Mike Riemer and Mike Costello to develop ZoomSafer.
5. THE PROBLEM 800,000 people are currently using a mobile phone… while they drive 1 1 – National Highway Transportation Safety Administration 5
6. THE RESULT 1,000,000 crashes, 500,000 injuries, and 5,000 deaths in 2008 1 Cost = $40 BN 2 1 – Smart Phone Penetration = 15% in 2008 . Projected >50% by mid 2012 (ABI, mMetrics, Nielsen) 2 – $25k per crash, $150k per injury, $3.6m per fatality = $40BN (NHTSA, FMCA, Harvard) 6
7. THE GOVERNMENT’S REACTION Distracted driving legislation enacted in… 38 states 1 1 – GHSA. Federal legislation pending (S. 1938) 7
8. THE CONSUMER PAIN...AIN’T SO BAD 8 Behavioral change is best motivated by fear and greed. Penalties are relatively minor and easy to avoid. Positive incentives are non-existent.
9. THE CORPORATE PAIN…IS HUGE Driver distraction is the leading cause of on-the-job crashes 1 and 50% of employees admit to texting and emailing when behind the wheel 2 increasing crashes, costs 3 and liability 4 1 – NHTSA & FMCSA 2 – Career Builder. November 2009 Survey 3 – $25k per crash, $150k per injury, $3.6m per fatality 3 – See H. Transport, Dyke Industries, Smith Barney, International Paper, Cooley Godward. 9
10. THE PATENTED SOLUTION Software for corporate employers to ensure safe, legal and hands-free use of smart phones while driving. 1 3 Web Services Layer Optional Hands-Free Services Listen to text and email Speech to text (author/reply) Administrative Portal Create Accounts Manage Policies Analyze Usage 2 Client App on Smart Phone Detects driving and applies policies Device Services Layer 10
11. THE CORPORATE MARKET 11 1000 v/f at $5 p/m = 60k p/y = 50% of 1 crash/injury $200m market by 2014 = 10% of corporate phones Drivers 15mcompany-owned vehicles 60m personally-owned vehicles 75mcrashes waiting to happen Smart Phones 20mtoday 10m BlackBerry 43m EOY11 25m BB + Android 150% Growth (minus iPhone) Budget Engaged Investigating Action Aware of the Risks 11