Photo - ZEPS TECH
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ZEPS TECH

IoT based security infrastructure for the industrial objects

United Kingdom
Market: Logistics and warehouses, Insurance, Building, Electronics, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 23.01.2023
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Idea

An innovative, easy-to-integrate IoT infrastructure for industrial enterprises that allows real-time control over workers' safety, and analysis performance.

Current Status

The prototype of the product is ready. We've found our first 2 customers. Now in the process of signing contracts.

Market

Insurance companies. Please check our pitch deck.

Problem or Opportunity

The direct and indirect cost of workers’ compensation claims is high. About $120 billion annually in Europe and USA.

Occupational injuries have a strong negative effect on the growth of an insurance company's client's business.

Most countries legally oblige businesses
to implement workplace safety programs.

Employers that enforce safety programs not only create a workplace environment in which employees feel safe but also create an environment of employee loyalty.

Solution (product or service)

An innovative, easy-to-integrate IoT infrastructure for industrial enterprises that allows real-time control over the safety of workers.

Employers who establish employee safety programs are able to reduce costs related to injury and workplace illness by up to 40%.

Workers are more content on the job when they are engaged in the processes and procedures a safety management program offers. And with less employee turnover, employers will spend less time recruiting and training new workers and more time developing their company’s leaders.

Competitors

Guardhat, WakeCap

Advantages or differentiators

The customer uses any existing helmets
The system requires a few ground stations
Low cost

Finance

We have the financial model. We are going to sell licenses for $5mln in the next 5 years.

Business model

1. We sell the product with exclusive use and technical support.
An annual fixed price $7 million

2. We provide the product for use and take a percentage of transactions made using our product.

3. The insurance pays a fixed amount for each account into which our product will be integrated.
The price varies depending on the size of the client's company.

$40,000/year - per account up to 100 employees
$200,000/year - 100 - 500 employees
TBD - 500+ employees

Money will be spent on

IP
AI integration
Mass production
Sales/Marketing activities

Offer for investor

10% - 500000$

Team or Management

Risks

Crysis
Supply chains
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation