TermoQ is a solution based on artificial intelligence to avoid crowding and control queues. Placing our device at the entrance of a public space improves security by counting people entering the space, identifying mask and measuring temperature. Staff can check data through a mobile app, controlling number of people inside, block entrance and more. It can be placed in all the entrances to centralise person count
Current Status
TermoQ is an indipendent project developed by Icnodent, software company for dental and medical use. The product was tested and on the market in Italy, ready for global distribution. The project is known nationally thanks to media coverage (more than 20 articles about the product, published by the top press companies in Italy). Distribution is already been negotiated for the country and 20 units have been sold at 799 euros each.
Annual sales, $
100.000
Annual net income, $
75.000
Type of property
Another
Property and assets
1. TermoQ Builder: App available on Google Play Store for queue control, mask identification and temperature measurement
2. TermoQ Operator: App available on Google Play Store for monitoring the Builder App Data
3 Website TermoQ.it (ready for multilanguage)
Organizational form
Being an indipendent project of another software company, managing has been done through it. No separate LLC has been formed
Number of employees
1
Problem or Opportunity
Crowding a queue control is now crucial due to Coronavirus for many physical businesses worldwide. Many businesses need to hire staff to control queues.
Solution (product or service)
Our product is a lowcost and effective solution to the problem. Placing our device at the entrance of a public space improves security by counting people entering the space, identifying mask and measuring temperature. Staff can check data through a mobile app, controlling number of people inside, block entrance and more. It can be placed in all the entrances to centralise person count. No need for dedicated staff.
Competitors
Other companies are offering similar solutions but lack of person count. The market is rapidly growing due to coronavirus spread and companies from china that already developed similar products are leading.
Advantages or differentiators
Other companies are offering similar solutions but lack of person count and data extraction. Our solution is also available for download on google Play store.
Our product is the only one that has a monitoring app for the control of the device placed at the entrance. This means that two or more devices can work in the same place and have your person count centralized to avoid crowding.
Finance
At a retail price of 799 dollars, direct sale gives aproximately a net revenue of 500 dollars per unit.
Business model
Direct Sale and customization of the product is the main business model.
Advertisement can be implemented as another source of income.
Data analysis (number of visitors etc) can be offered as an add-on/ premium service.
Distribution can be done through direct sale or specific resellers (b2b).
Reason for sale
This is a spinoff of a software company that operates in the medical field.
Market
Physical Businesses and public spaces:
- shops and supermarkets
- public transport areas
- hospitals
- schools
etc.