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.

"Today the Administration is launching the Indoor Air Quality Building Challenge, a key component of the President’s Plan, that calls on all building owners and operators, schools, colleges and universities, and organizations of all kinds to adopt key strategies to improve indoor air quality in their buildings and reduce the spread of COVID-19 and other airborne pathogens."
White House
March 17, 2022

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 

Team

Marc McConnaughey
CEO
Founder
Marc is a serial entrepreneur with over 35 years of experience in high volume photonic based products, 4 startups and over $110M raised. His claim to fame is with the ViewSonic team which grew from $50M to $1.4B in revenue in eight years with his technology leadership. His passion is taking technology from its roots into useful products. Marc has had assignments in Europe, Taiwan, China, and Thailand in various roles from technical to business roles.
Steve Hutchcraft
SVP Strategic Development
Steve is an experienced business leader with 30 years of experience in the HVAC industry with executive roles at Carrier and Amana. Steve brings product management, marketing, sales, and strategic development from his roles in the HVAC industry and has devised the business model for iatrixAir and Steve is also a Director of the Alliance of CEOs in Silicon Valley.
Henry Artime
Chief Marketing Officer
Henry is iatrixAir’s CMO and founder/owner of Artime, a Los Angeles based digital marketing firm. Henry has 30+ years of branding and marketing B2B experience and brings to iatrixAir his many years of building brands.
Bryan Chang
Vice President Hardware Engineering/R&D
Bryan is iatrixAir’s VP of Hardware Engineering based in Taiwan. Bryan brings 25 years of experience in the photonics technologies and has worked with Marc in 3 startups. Based in Taipei, Bryan has a broad understanding of electronics supply chain in Asia and is key in iatrixAir's product execution.
Ralph Lloyd
Vice President Advanced Technologies 
Ralph is iatrixAir’s VP of Advanced Technologies and brings 32 years of experience in material science, polymer processing,and chemical engineering. His work most recently includes disinfecting occupied spaces both air and surfaces. Ralph has 18 issued patents.
Warren Lynn
Advisor
Warren is the founder/CEO of American Air and Water, a South Carolina based company addressing the needs of water and air disinfection for 20 years of municipalities, state, and federal government facilities.
Jerry Shi
Advisor
Angel Investor
Jerry is an iatrixAir angel investor and technical/business advisor. Jerry brings to iatrixAir a wealth of experience in business formation, funding strategies and supply chain issues. Most recently Jerry was Director of Tsinghua Innovation Center in Dongguan, China.
Scott Nelson
Advisor
Medtech Executive
Scott is an experienced Medtech executive with 12+ years of commercialization experience in the medical and therapy devices. He led the marketing for a business unit of a major biotech company. Scott is a co-founder/CEO of Fastwave Medical, a portfolio company of Big Sky Biomedical, a medtech accelerator.
Daniel Price
Advisor
IOT Strategies 
Daniel is an experienced voice on the internet of things-IOT and has given TEDX talks on the subject. A UC Berkeley graduate in Bioengineering and a Rhodes Scholar with Masters and MBA from Oxford, Daniel is CEO of Ioterra, a IOT marketplace that helps companies successfully launch IoT initiatives at scale: de-risk development, accelerate innovation timelines, simplify the deployment process, and incorporate the best technology available

Use of Proceeds


If the offering's maximum amount of $423,750 is raised:

UseValue% of Proceeds
10 EVT-Alpha units for customers$294,98669.6%
Lawyer-Reed Smith$20,0004.7%
Ciro Design$40,0009.4%
Kasvva-Supply Chain$48,00011.3%
Intermediary fees$20,7644.9%

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 March 17, 2023 at 9:59pm 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:

3,853,125 shares
×
$1.20 per share
$4,623,750implied valuation

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.

More Info

Updates

  • Dec 24, 2022
    Happy Holidays. End of the year update: 1. Our...

    Happy Holidays. End of the year update:

    1. Our relationship with University California-Riverside, County of Riverside and City of Riverside continues to grow with business opportunities and fund raising.

    2. There is lots of activity to push forward new standards for indoor air quality. Drinking water has standards so why does the air we breath not have standards?

    3. Knowing the air quality is a key part of our solution so we are working to build 15 Sensor Cellular Gateways to install in commercial restrooms, classrooms, transit buses, low income housing and sports locker rooms as well as Winery Tasting Rooms in the March/April timeframe.

    4. So 2023, we start alpha and beta builds and installs with customers per our plan. Funding will dictate how fast we move forward. To date: $21,965 raised and if we hit $25,000, Netcapital will provide additional marketing for our campaign.

    5. . With that said, we have extended the Netcapital fund raising to March 17, 2023.

    Happy Holidays

    https://netcapital.com/companies/iatrixairiatrixAir-HappyHolidays.png
  • Dec 9, 2022
  • Nov 29, 2022
    Recently, ASHRAE, the key standards group for...

    Recently, ASHRAE, the key standards group for the HVAC industry released:

    In general, operating at an epidemic appropriate state all the time will waste resources. The optimal policy will be one that defines appropriate controls for a normal state (including those spaces with higher-than normal levels of risk) with the flexibility to ramp up at appropriate velocity to match a developing epidemic.”

    This policy statement defines a key part of iatrixAir solution as it performs today-detect fast, protect fast when needed and inform fast.

    https://www.ashrae.org/homeASHRAE-infectious-aerosols-2022.pdf
  • Nov 24, 2022
    Our first patent issued by United States Patent...

    Our first patent issued by United States Patent Office! iatrixAir design patent is now issued by USPTO without any office actions! We studied the market extensively and modeled no less than six possible designs before we finalized the design and filed the provisional patent in August 2020 and final submittal in July 2021. We have another utility patent pending and have licensed two patents from Lloyd Technologies.

    https://netcapital.com/companies/iatrixair
  • Oct 19, 2022
    Interview with Marc McConnaughey-President/CEO...

    Interview with Marc McConnaughey-President/CEO of iatrixair and Jane King, NASDAQ Marketplace news reporter. Take a look. https://youtu.be/1Z6K6rE4X5Q.

    https://youtu.be/1Z6K6rE4X5Q
  • Oct 17, 2022
  • Oct 16, 2022
    I attended virtually the White House 3 hr...

    I attended virtually the White House 3 hr webinar on Indoor Air Quality this week. These comments by Joseph Allen are the reason why iatrixAir exists. The airborne pathogen root clause is now known after 1,000 years. Time to solve this problem.

    From Joseph Allen-Harvard-Smart Buildings-White House IAQ Summit: “The original sin of the Covid response was the failure to recognize airborne transmission as the dominant mode of transmission…The early clues were obvious…nearly all spread indoors in underventilated spaces, and superspreading events w 90% attack rates that could not possibly be explained by droplet transmission. or everyone touching the same elevator button. The case for airborne transmission is airtight. This means that buildings should be the first line of defense.” #WHIAQ#HealthyBuildings

    Joseph Allen’s full remarks (starting at 25:12):

    https://www.youtube.com/watch?v=1BeEfDLDJSA
  • Oct 11, 2022
    A very good article in Bloomberg on the...

    A very good article in Bloomberg on the challenge of finding a public or commercial restroom in the US especially during CV-19 as many were locked. iatrixAir products and services can help solve the restroom challenge .

    From the Bloomberg article: Most of us have experienced the challenge of finding a public restroom, but for many, restroom access isn’t just a matter of convenience — it’s a serious medical issue. As the respective CEOs of the Crohn’s & Colitis Foundation and the Celiac Disease Foundation, we hear far too many stories from patients with digestive disorders detailing the physical pain and extreme anxiety — not to mention traumatic accidents — they’ve experienced when restrooms aren’t readily available.

    So support the Open Restroom Movement. In partnership with other nonprofits, the Crohn’s & Colitis Foundation launched the Open Restrooms Movement this year to call on the public to recognize the issue of restroom access as a basic human need

    https://www.crohnscolitisfoundation.org/openrestroomsHow to Solve the Great Urban Restroom Shortage - Bloomberg.pdf
  • Sep 23, 2022
    iatrixAir in recent CIO magazine and bulletin...

    iatrixAir in recent CIO magazine and bulletin as best 50 companies to watch in 2022. Attached is the link and also the article.

    https://www.iatrixair.comiatrixAir-CIO-Stopping airborne pathogens in public spaces.pdf
  • Sep 17, 2022
    iatrixAir has a Peachscore of 703 or a A-....

    iatrixAir has a Peachscore of 703 or a A-. Peachscore is a rating platform for startups, analyzing 850 parameters including many aspects of a startup’s current status including the management team, market, competitive landscape and financials including risks. You can view iatrixAir’s Peachscore at https://peachscore.com/summary-page.

    https://peachscore.com/summary-page
  • Sep 17, 2022
    Polio traces are showing up in sewage system in...

    Polio traces are showing up in sewage system in countries even though most in these countries are well vaccinated including the UK and US. Polio is another virus that can be spread via person to person transmission when they sneeze or cough and be in aerosol form which means they can travel further and linger in the air. iatrixAir aeroTru3 solution can be a third layer of defense against these airborne pathogens by removing airborne pathogens quickly from the air with HEPA Medical Grade H13 filtration and intense UVC light that destroys on first pass.

    https://www.cdc.gov/polio/what-is-polio/index.htm#:~:text=Polio%2C%20or%20poliomyelitis%2C%20is%20a,move%20parts%20of%20the%20body).

    https://www.iatrixair.com/
  • Sep 17, 2022
    We have a number of word marks and trademarks...

    We have a number of word marks and trademarks registered with the USPTO. iatrixAir logo and word mark and aeroTru3 logo and word mark and Faster Is Safer word mark. Here are the links for these filings. Trademarks are very key to secure and use in our marketing campaigns to educate that its about the total space cubic feet not square feet and the faster the air is exchanger, the safer we are.

    https://trademark.trademarkia.com/trademark-97588376.html https://trademark.trademarkia.com/trademark-97588371.html https://trademark.trademarkia.com/trademark-97588372.html

    https://www.iatrixair.com/
  • Aug 17, 2022
    iatrixAir selected as one of the top 100...

    iatrixAir selected as one of the top 100 semifinalist for the Pepperdine Graziadio Most Fundable Startups competitions ( 4,000 applications submitted )

  • Aug 17, 2022
    iatrixAir selected as one of the top ten...

    iatrixAir selected as one of the top ten finalist in the World Startup Cup Competition for Southern California region.

    iatrixAir one of the top ten finalist for Southern CA region
  • Aug 17, 2022
    iatrixAir featured in Silicon Review as one of...

    iatrixAir featured in Silicon Review as one of the 5 Healthcare companies to watch.

    Silicon Review-iatrixAir-one of the 5 Healthcare companies to watchiatrixAir-SiliconReview-Final-July-14-2022.pdf
  • Aug 17, 2022
    Our latest press release on "washing the air"...

    Our latest press release on “washing the air” with explanation of our technology versus others. Faster is Safer

    iatrixAir Announces 'Washing the Air Fast' as Faster is Safer | Newswire.pdf
  • Jul 12, 2022
    Our first press release on launching the fund...

    Our first press release on launching the fund raising campaign on Netcapital.

    https://netcapital.com/companies/iatrixairiatrixAir Launches Investment Campaign on Netcapital | Newswire.pdf
  • Jul 12, 2022
    "Wash the Air" as Faster is Safer press release...

    “Wash the Air” as Faster is Safer press release is attached comparing our approach to other solutions.

    https://netcapital.com/companies/iatrixairiatrixAir Announces 'Washing the Air Fast' as Faster is Safer | Newswire.pdf
  • Jul 12, 2022
    iatrixAir announces partnership with Stumbaugh...

    iatrixAir announces partnership with Stumbaugh & Associates for safe and healthy air in commericial-public restrooms. Attached is the full press release of this partnership. Our first customer.

    https://netcapital.com/companies/iatrixairiatrixAir Announces Partnership With Stumbaugh & Associates for Safe and Healthy Air in Commercial-P.pdf
  • Jun 22, 2022
  • May 12, 2022
    Primary offering of 353,125 shares at $1.20
  • May 12, 2022

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