View
220
Download
0
Tags:
Embed Size (px)
DESCRIPTION
Six startups born out of Lawrence Livermore National Laboratory technologies made presentations at a recent entrepreneurial event to attract investors. The companies -- which have licensed technologies in biotech, renewable energy, sensors, infrared imaging and health care -- showcased their capabilities at the Entrepreneurs-in-Readiness (EIR) event at the Livermore Valley Open Campus' High Performance Computing Innovation Center. The event was part of an EIR program developed by the Lab's Industrial Partnerships Office (IPO) to connect nascent companies with entrepreneurs and investors. The idea is to engage a diverse group of entrepreneurs and industry experts from Silicon Valley to help nurture promising new early stage Lab technology companies toward commercialization. ipo.llnl.gov
Citation preview
Near Infrared Imaging, Inc.
www.nearinfraredimaging.com
508-384-3800
NII is on the cusp of introducing revolutionary products using
photoacoustic imaging technology, vein visualization technology, and
biometrics technology.
The result will be a paradigm shift in the imaging of tissue and
bleeding in the brain, identification of hard-to-locate veins, and
fingerprint identification.
1
NII’s road to causing a paradigm shift in medical imaging begins with the Vein-Eye™
Additional products will be forthcoming in 2015 and 2016.
NII’s mandate is to offer products that are non-contact, non-invasive, photonics based, of the highest quality, affordable and available to the worldwide community.
Using profits from the Vein-Eye, NII will fund:
R&D of the Vein-Eye PLUS,
Completion of a non-contact biometrics data collection device using vein visualization,
Partnering with other strategic companies and the USA military,
R&D of a non-contact and non-invasive detection of bleeding in the brain using our patented Optical Ultrasound Tomography™.
2
3
4
Near Infrared Imaging has been accumulating technologies, developing new
products and funding research since 2009.
NII holds Exclusive Rights to patents developed at Lawrence Livermore National
Laboratory, the City University of New York, and UCLA’s School of Medicine.
NII is owned in part by the Regents of the University of California (UCLA).
NII is owned in part by the City University of New York (CUNY).
NII is owned in part by Lawrence Livermore National Laboratory (LLNL).
Near Infrared Imaging’s first product, the Vein-Eye™, was developed at LLNL.
The Vein-Eye is FDA registered and has passed the stringent and arduous IEC
60601 3rd edition testing at Intertek.
5
There are over 2,700,000 needle sticks every day in the USA.
While vein illumination is important in every needle insertion, it is critically important when the patient is obese, very young, aged and/or has dark skin.
The failure to stick a needle the first time in children causes pain to the child, the child’s family, and the medical practitioner or nurse.
The Vein-Eye solves the most common complaints:
◦ Existing vein illumination devices are too expensive,
◦ Existing vein illumination devices only illuminate veins that can be seen,
◦ Many existing vein illumination devices cannot image both the vein and the needle at the same time, forcing the nurse to stick the vein in the dark.
A recent study done by one of our competitors has shown that patients will travel greater distances to a location with a vein illumination device.
6
The technology is based upon patents assigned to the City University of New York (CUNY) and Lawrence Livermore National Laboratory.
The CUNY technology has been highlighted in over 250 research articles.
On our website is a video of the Vein-Eye AU illuminating veins of S. Forrest, who was born in Jamaica and has a family history of painful and difficult needle sticks.
NII’s technology has the capability to detect small objects, such as tumors, that are near the surface of the skin.
The Vein-Eye was recently highlighted in BioOptics World magazine.
http://www.bioopticsworld.com/articles/2014/06/near-infrared-camera-enables-real-time-accurate-vein-procedures.html
7
The Vein-Eye uses LEDs and the competitors use lasers. Lasers can cause damage to the eyes of the patient or medical practitioner.
The Vein-Eye performed significantly better than the competition when the patient had hair on the hand or arm, dark skin, or collapsed veins.
When most of our competitors introduce a needle into the image of the vein, the needle washes out the images of the vein.
It is also important to determine if a vein is functioning properly and has blood flowing in it, and not just blood standing still.
Below is a video of the Vein-Eye detecting blood actively flowing in the vein.
http://youtu.be/iGH6PNh84IA
The MSRP of the leading selling vein illumination devices range from $5,400 to $25,000. The Vein-Eye has an MSRP in the $1,999 - $2,199 range.
8
Year Unit Sales NII Total Revenue NII’s Profits
2014 1000 $1.2M $500,000
2015 5,000 $5.6M $2.5M
2016 20,000 $20M $8M
2017 60,000 $48M $24M
2018 120,000 $84M $40M
The biggest market will eventually be the patient’s home, as the worldwide trend in medicine is to stay and be treated in the home.
“According to a survey by FIND/SVP Inc’s Advanced Analytics division, the home testing kit market is worth $4.5 billion. For example, even with the high number of blood pressure monitors all ready in the market place, each year over 8 million new blood pressure-monitoring devices are sold.”
These forecasts do not include other products. The revenue projection for all of NII’s existing and planned products in Year 5 exceeds $1B.
9
RETURN ON INVESTMENT
100,000 shares in exchange for $250,000,
200,000 shares in exchange for $500,000,
400,000 shares in exchange for $1,000,000.
Investors are paying between $1 and $2.50 for shares.
There are 1.4M shares Outstanding and 2M Authorized.
NII’s cost of goods per camera: $550 - $750
MSRP: $1,999 - $2,199
Net profit per camera to NII is $400 - $700
EXIT STRATEGY
Every investor has the right to sell their shares. NII’s plan is to return the full
amount of the investment to the inventor by means of dividends.
10
The average cost of a corporate security breach is $7.2M. Retailers lose an average of 7% of annual revenues to theft and fraud by employees. Patient “misidentification” errors cost more than $55B annually in the U.S.A. alone. NII’s technology is multiple modality biometrics and based upon the visualization of subsurface veins and blood vessels - the fastest growing area of biometrics. NII’s multiple modality has an “anti-spoofing” capability to prevent hacking. Near Infrared Imaging (NII) is in search of civilian and military partners to license our biometrics data collection technology to. NII will then work with our partner in order to produce the premier biometric “secure identification and authentication” platform.
.
11
Multi-modal Biometric data collection system
Fingerprint
Finger vein
Palmvein Palmprint
Hand Geometry
Traumatic Brain Injury (TBI) is the leading cause of death for people under the age of 45.
Children are much more vulnerable to TBI as their skulls are thinner.
350,000 sports-related head injuries are treated at U.S. hospital emergency rooms every year.
TBI is a major health issue affecting service members and veterans during times of both peace and war.
Jared
and
Connie
Fox
14
Brain
Breast
Other
LLNL near infrared light patent
Ultrasonic
Ultrasonic/Optical
Conversion Algorithm
2700
Optical Ultrasound Tomography™ is non-
invasive and non-contact
Ultra High Resolution
Optically Converted
Ultrasound Image Pattern
LLNL patent
LLNL patent
LLNL – Lawrence Livermore National Labs