introduction
OmniPad is a privately held virtual reality – omnidirectional treadmill company founded by award winning CEO, Neil Epstein, J.D.
OmniPad is focused on the development and commercialization of our patented (#6,743,154). 360-degree locomotion surfaces and related peripheral devices, combining virtual reality with cardiovascular exercise and rehabilitation, sports and military training, VR games, architectural walk-through visualizations, virtual museums, virtual tourism, shopping malls, and much more.
The company has also recently filed numerous domestic & international provisional patents based upon their ongoing engineering efforts. Further, OmniPad has numerous domestic & international trademark registrations and applications for the terms “OmniPad,” “Where Do You Want To Go Today?” and other marks.
problem
Up until now, most people use virtual reality headsets, and they sit down and move their heads and hands around as they peer into the magnificent virtual world.
Currently, there are very few omnidirectional treadmills on the market, and they only allow you to slide your feet, wearing felt-bottomed shoes, across something that looks like an upside down trash can lid.
Using these devices is very awkward and tiring, and they do not enable true locomotion, only sliding your feet around on a slippery surface.
solution
The OmniPad is designed to be a true circular treadmill with a revolving locomotion surface – it is one of the first of its kind in the world
Now, with the OmniPad, people of all ages may have the ability to literally explore the virtual world on foot by walking or running through expansive and beautiful 3D virtual environments. No more just sitting there looking around in a VR environment. Users can now be free to stand up and genuinely explore the virtual universe.
Instead of video gamers and VR enthusiasts just sitting on their sofas, the OmniPad has the potential to get this very large worldwide population of gamers off their sofas and on to their OmniPads. Since VR environments and games are now hosted online, OmniPad users can now compete against one another simultaneously in the same realtime virtual environment, on foot. The OmniPad may be a great resource for exercise and physical fitness because people could be compelled to walk, jog, and run around in today’s incredibly photorealistic 3D virtual games and environments.
press
- NewsWires
Neil Epstein, Founder and CEO of OmniPad, Inc. is featured in a new InsiderTalks video - Business Insider
From Fiction to Virtual Reality: OmniPad Launches an Innovative Circular Revolving-Tread Omnidirectional Treadmill That Lets Users Naturally Walk, Jog or Run in any Direction Through VR Worlds - VR Fitness Insider
OmniPad Offers VR-Enabled Treadmill Experience for Gamers, Tourists, and First Responders - Virtual Reality Reporter
OmniPad Launches an Innovative Circular Revolving-Tread Omnidirectional Treadmill - VRB News
OmniPad, a walker with a flat surface that rotates on itself
business model
OmniPad aims to partner with major tech corporations to market and distribute the OmniPad to worldwide consumers, or we plan to manufacture and market the OmniPad independently via online sales and other distribution channels such as BestBuy.
market
The OmniPad is designed to be suitable for people of all ages, from 8 to 80. We plan to market to a multitude of sectors and populations on a worldwide basis.
The OmniPad may be a boon to the following industries, and more:
- 3D Sports Training / eSports Tournaments
- Architectural Walk-Throughs / Real Estate Pre-Sales
- Military training simulations
- Rehabilitation Environments: Cardiovascular & Orthopedic Rehabilitation
- Virtual Museums & Tourism
- 360-degree Video Games
- 3D Cardio Fitness Training
- VR Shopping Malls
success to date
- Currently winding up our prototype phase, preparing a manufacture-ready OmniPad for worldwide distribution. Expected launch date is before Christmas 2023.
team
Use of Proceeds
If the offering's maximum amount of $617,500 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| Prototype Development | $411,070 | 66.6% |
| Intellectual Property | $117,448 | 19.0% |
| Salaries / Compensation | $58,725 | 9.5% |
| Intermediary fees | $30,258 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Common Stock, under registration exemption 4(a)(6), in OMNIPAD, INC. dba OmniPad. This offering must reach its target of at least $10,000 by its offering deadline of October 31, 2023 at 11:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
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:
Financials
OmniPad’s official name is OMNIPAD, INC. , so that’s the name that appears in the statements below.
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
- Nov 1, 2023Primary offering finalized, selling shares
- Aug 4, 2023The OmniPad Corporation receives tentative...
- May 18, 2023OmniPad hits the ground RUNNING with new Valynt...
- Mar 2, 2023The OmniPad Corporation receives an amazing...
- Jan 11, 2023@Denyveuus Sells Here are a few snapshots of...
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