Introduction
iatrixAir® provides automated indoor air quality solutions to meet the requirements of the recently announced Indoor Air Quality Building Challenge.
We recruit and train manufacturers, representatives, and installers to sell and install our solution to Facilities Managers and Commercial/Public building operators. Our initial markets are restrooms and sports locker rooms.
Problem
Throughout history, airborne pathogens such as Measles, Smallpox, SARS, MERS, Tuberculosis, Influenza including Spanish Flu and now CV-19 with its variants, all have the same characteristics in that they are transmitted person to person and may linger in the air in enclosed spaces.
Pathogens Spread Quickly Through the Air
Airborne Pathogens are aerosolized - that’s the problem to solve. Fast air exchanges or ventilation and first pass inactivation solves the problem. Faster Is Safer™.
Up to 650,000 people die of the flu globally each year according to the WHO and CDC. It is reported that CV-19 has caused 235M cases globally with 4.6M deaths and $4T in economic disruption and losses. According to a recent study quoted by Bloomberg, 10M people die each year around the world from air pollution.
Solution
We automate the process of detecting, destroying pathogens, and providing alerts using edge processing and AI analytics. Our solution is designed to be mission critical with sensors operating every 10 seconds and with first pass remediation or destruction of airborne pathogens. Again, Faster is Safer™.
Business Model
We aim to drive revenue that is based on both sales of the gateway-exchangers and monthly subscriptions. We use Independent Representatives to recruit qualified commercial restroom Contractors who sell the solution to Facilities Managers/Building Operators-Owners, with our support.
Instead of a box on the floor that requires constant attention: iatrixAir® offers a “no touch” air quality solution with a monthly subscription including filters, lamps, installation and service. The Facilities Manager also has the option to buy the solution and install with their own resources.
B2B Sales and Distribution Model
Market
The standalone air purifier market reached $12.26B globally according to Grandview in 2021 and is expected to grow in double digits to $25.97B by 2030. The global HVAC industry is $240B for retrofit and new installs in 2019, and is growing 3.9% per year, reaching $367B by 2030. Split mini systems are gaining in popularity in other parts of the globe due to lower energy costs and product costs. Both markets including Smart Building technologies are advancing product offerings to solve the air quality problems. The largest market is the commercial market which iatrixAir is engaging first.
Air Purification/Disinfection Market $25.97B by 2030
Word from the ceo
Success to Date
- Successfully built a proof of concept and tested by independent think tank
- Demonstrated the proof of concept to potential customers to establish a MVP
- Filed design and utility patents
- Successfully built a prototype
- Participated in CES Eureka Park 2022 with significant interest
- Signed one of the largest commercial restroom installer on the West Coast
- Prepared RFQ and Specifications for Suppliers to provide quotations
- Signed MOU for additional technology in steering disinfecting light in an occupied space with two issued patents in disinfection space and 14 provisional patents
Press
ES Engineered Systems: Priority 10 Cloud Connected Air Quality Sensor – iatrixAir
Team
Use of Proceeds
If the offering's maximum amount of $423,750 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| 10 EVT-Alpha units for customers | $294,986 | 69.6% |
| Lawyer-Reed Smith | $20,000 | 4.7% |
| Ciro Design | $40,000 | 9.4% |
| Kasvva-Supply Chain | $48,000 | 11.3% |
| Intermediary fees | $20,764 | 4.9% |
Terms
This is an offering of Common Stock, under registration exemption 4(a)(6), in iatrixAir, Inc.. This offering must raise at least $10,000 by October 17, 2022 at 10:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. iatrixAir, Inc. may issue additional securities to raise up to $423,750, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Pitch Deck
Financials
These financial statements have been reviewed by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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