Photo - TermoQ
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TermoQ

Control access to public spaces with artificial intelligence

Italy
Market: Computers, office equipment, Services, Another, Artificial Intelligence, Mobile applications
Stage of the project: Operating business

Date of last change: 17.06.2020
Sale price
$  15.000
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100%
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Does the enterprise work?

Yes

Idea

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.

Team or Management

Risks

The need is directly related to the coronavirus spread, as crowd control is mandatory in many states.

Photos

Photo 1 - Control access to public spaces with artificial intelligence
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Does the enterprise work?
Idea
Current Status
Annual sales, $
Annual net income, $
Type of property
Property and assets
Organizational form
Number of employees
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Business model
Reason for sale
Market
Team or Management
Risks
Invention/Patent
Photos
Product Video