Introduction
Introducing Over The Top Ladder (OTTL), a patented, new generation specialty ladder that is one of the first curved ladders ever developed. While being both lightweight and compact, Over The Top Ladder is a telescopic, bow-shaped ladder with cushioned padding and adjustable footing. Originally created to address the needs of the auto/transportation industry by solving problems such as safely accessing the top of larger vehicles (SUVs, RVs and buses, etc.) the OTTL has numerous other applications including reaching obstructed areas and is useful in administering building/home repairs, indoor and outdoor cleaning, maintenance and industrial builds.
The revolutionary configuration enables the reach to extend further from the base, on which the footing of the ladder rests. Our design works with gravity to naturally use the users body weight to ground the ladder. This helps prevent tip-overs, making OTTL safer than traditional ladders.
Due to its adaptable and versatile design, OTTL can be marketed to the business, consumer and government markets. In addition, our plan is to sell to wholesalers and distributors worldwide.
Success To Date
- Patents – 2 utility patents and 1 designer patent
- Prototypes – Physical working prototypes that demonstrate functionality
- Safety Testing – OTTL is constructed to exceed ANSI/OSHA standards.
- We have also done preliminary testing with a leading product testing laboratory.
Problem
From construction sites to reaching the top shelf of a kitchen cabinet, ladders are an integral part of our society. Yet traditional ladder design has not changed much to improve safety; in the US, 81% of falls treated in the emergency room involve ladders. Each year, there are 500,000+ ladder injuries. Furthermore, fall fatalities from heights of 10 feet or less are most common.
To address this issue, we created the ladder for tomorrow – today!
Improving upon safety was a major factor in developing the Over The Top Ladder. It was designed to solve the problems of safely washing, repairing, loading and removing snow from the top of vehicles as well as barriers of reaching high items including those obstructed by objects such as furniture or appliances.
Solution
To address safety issues and obstructions associated with traditional ladders, we created a unique curved telescopic ladder that S.A.V.E.S. – Over The Top Ladder is:
Over The Top Ladder has also been granted 3 patents with the U.S. Patent and Trademark Office (8215453, 8708102, D841190).
You may no longer have to worry about being too far away or reaching at awkward positions when using other ladders like the A-frame ladder. OTTL’s soft cushioned padding protects delicate surfaces including your walls, vehicles and cabinets, allowing you to lean the ladder against these items without damage or scratches.
Use the Over The Top Ladder for most of your ladder needs both inside your home and outdoors. It can be used to access the top of vehicles for washing, detailing, repairing, loading equipment and removing snow. It extends to multiple heights and collapses for easy storage in tight spaces. It is lightweight and portable so you can carry it almost anywhere you need to lean a ladder.
Business Model
Over The Top Ladders may appeal to a global market. Our ladders are constructed with high-grade aluminium alloy and are color anodized to be aesthetically pleasing to the consumer market. They are portable and lightweight in construction having a weight of 15lb or less for the 8-foot model. We hope to rollout with our 14-foot version to appeal to a multiple markets.
B2B markets include the auto industry (detailers, aftermarket technicians and repair) and general contractors. OTTL also may appeal to B2C markets like SUV and RV owners, DIYers and homeowners.
Furthermore, we have the capacity to tailor our ladders to better serve specific markets. For example, we plan to create a rugged version of the ladder that includes combat uniform printing to accommodate the needs of individual military branches. Retractable ladders made for certain vehicle sectors (such as MRAP) is another example of military use.
We have also demonstrated our ladder to the firefighter community and they were excited about the design and lightweight for accessing tight quarters.
And, we plan to encrypt insignia on our ladders for personalization and licensing opportunities such as branding for universities, sports teams or other logos.
Market
The single ladder market includes various types of ladders that are designed for use by a single person and are widely used in construction, home improvement, and maintenance applications.
According to MarketWatch, the outlook for specialty ladders 2023 – 2028 looks promising. Digital Journal’s latest report shows the single ladder market was valued at $3.2B in 2023, and it is expected to reach close to $4.8B in 2030.
The demand for single ladders is driven by various factors such as the:
- growing construction industry
- increasing demand for home improvement and DIY projects
- need for regular maintenance and repair of buildings and infrastructure
- rising awareness of workplace safety regulations
Overall, the rise of e-commerce and online shopping platforms has made it easier for consumers to purchase ladders online as well.
Team
Use of Proceeds
If the offering's maximum amount of $250,000 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| Marketing | $37,751 | 15.1% |
| Research & Development | $50,000 | 20.0% |
| Trade Shows | $50,000 | 20.0% |
| Product Development | $100,000 | 40.0% |
| Intermediary fees | $12,250 | 4.9% |
Terms
This is an offering of membership units, under registration exemption 4(a)(6), in Over the Top Ladder, LLC, doing business as Over The Top Ladder. This offering must raise at least $10,000 by May 31, 2024 at 11:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. Over The Top Ladder may issue additional securities to raise up to $250,000, 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:
Financials
Over The Top Ladder’s official name is Over the Top Ladder, LLC, 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.
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