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TexCone                       Create water repellent
                                  surface to eliminate ice
                                  buildup for aircraft,
                                  communication devices
                                  etc.. by surface
                                  microtexture.

Uniqueness: Low cost bondable film on variety of surfaces
Total customers called, more than 50
                     Prof. Mool Gupta -Principal Investigator
                     Mr. Paul Caffrey - Entrepreneur Lead
                     Mr. Martin Skelly -I-Corps Mentor

                                                      1
Plastic        Marketing     Eliminate ice   Personal
Replicators    materials                     Interaction     Aviation
                             Build-up
Aircraft       Adhesion                      Immediate       Experimental
Manufactures   Severe Temp                   24*7            General
Industrial     Durability                    Attention       Commercial
Contacts

               IP                             Direct Sales
               Marketing &
               Sales
               People


Raw Materials 60$/500g               Sale of coating
People                               Repair
Marketing & Sales                    Warranty Sales
                                     Service Contract
                                                                  Version 1
Clients Contacted                 1 st   Phase 15
Lots of calls…
Cirrus, American                 What did aviation
Champion, Aviat,                 customers teach us?
Aircraft, Zenith
Aircraft Kits,                   Value Proposition –
American Spruce, 3M              TexCone can increase
 More targeted calls…
                                 survivability of flight into
 NuSil                           icing conditions
 LancAir
 Cirrus Aviation                 Customer Segments --
 Bell Helicopter                 Add Kit manufacturers
 Private Aircraft Kit Builders
 Navair
                                                            3
1. Production   1. Durability   Eliminate ice   Personal
2. Testing      2. Adhesion                     Interaction     Aviation
                                Build-up
                Marketing                       Immediate       Experimental
Plastic         Environmental                   24*7            General
Replicators     Biz Com                         Attention       Commercial
Aircraft
Manufactures                                                    NASA
Industrial
Contacts        IP                               Direct Sales
                Marketing &
                Sales
                People



Raw Materials 60$/500g                   Sale of coating
People                                   Repair
Marketing & Sales                        Warranty Sales
                                         Service Contract

                                                                   Version 2
Clients Contacted 2nd Phase 8
 Boeing Coatings             What did aviation
 Cessna                      customers teach us?
 CIT Gap Funds               Value Proposition –
 Experimental Aircraft       Same TexCone can
 Builders General Aviation   increase Survivability of
 Pilots                      flight into icing conditions
 NASA – willing to test
                             Customer Segments --
                             Add experimental aircraft
                             manufacturers


                                                       5
1. Production   1. Durability   Eliminate ice   Personal        Aviation
2. Testing      2. Adhesion     Build-up        Interaction     Experimental
                Marketing                       Immediate       General
Plastic         Environmental                   24*7            Commercial
Replicators     Biz Com                         Attention
Aircraft                                                        NASA
Manufactures
Industrial
                IP                               Direct Sales
Contacts
                Marketing &
                Sales
                People



Raw Materials 60$/500g                   Sale of coating
People                                   Repair
Marketing & Sales                        Warranty Sales
                                         Service Contract

                                                                   Version 3
Clients Contacted 3rd Phase 5
 Cirrus Aviation          What did these
 Experimental Aircraft    customers teach us?
 Builders                 • There is a Market for
                            superhydophobic
 Competition/Partner -
                            coatings.
 Superhydrophobiccoatin
                          • Cirrus is very interested.
 g.com
                          • Experimental Aircraft
                            Manufacturers easier to
                            penetrate.
                          • Potential for distribution



                                                   7
1. Production   1. Durability   ‘Durable and     Personal         Aviation
2. Testing      2. Adhesion     cost effective   Interaction      Experimental
                Marketing       prevention of    Immediate        General
Plastic         Environmental   ice build up'    24*7             Commercial
Replicators     Biz Com                          Attention        NASA
Aircraft                                                          Antennas
Manufactures                                                      Others TBD
Industrial
                IP                                 Direct Sales
Contacts
                Marketing &                        TBD
Financial
                Sales
Investors
                People



Raw Materials 60$/500g                    Sale of coating
People                                    Repair
Marketing & Sales


                                                                     Version 4
1. Production    1. Durability   ‘Durable and     Personal         Aviation
2. Testing       2. Adhesion     cost effective   Interaction      Experimental
                 Marketing       prevention of    Immediate        General
Plastic          Environmental   ice build up'    24*7             Commercial
Replicators      Biz Com                          Attention        NASA
Aircraft                                                           Antennas
Manufactures                                                       Others TBD
Industrial
                IP                                  Direct Sales
Contacts
                People                              TBD
Financial
Investors



Raw Materials $8 1m2                       Sale of coating
People                                     Repair
Marketing & Sales


                                                                      Version 6
Clients Contacted 4th Phase
     New Client Focus 6
Antenna Segment            What did these
concentration              customers teach us?

Pro Brand Inc. – Partner   Partnering will help get
                           us through the initial
– will supply resources
                           stage from the lab to
  for testing
                           manufactured solution.
– They have ICE
  Salt/Slurry, UV, and
  EM test facilities



                                                  10
Market Segments & Size

                    Commercial Aviation $250M

                         General Aviation $50M

   Market Size    Experimental
                  Aircraft $10M

                            Antenna $5M




                 Our Ability to Capture
What were the lessons
•   Be specific…….
                   learned?
•   Cold calling can be fun….exhilarating
•   NSF I-Corps program, Intense….but accomplished a lot.
•   Learned Business canvas methodology
•   Working with our team – Priceless, each member
    brought something different
•   Learned a new language – Entrepreneurship
•   How to accept criticism, not all constructive
•   Established large network, fellows and mentors
•   Customer input by getting out of the building
•   Market for our technology

                                                     12
Is this a viable business?
• YES….with lots more work

• Need investment to increase pace

• Potential niche identified

• Good Collaborative Opportunity (PBI)

• Sweat Equity


                                         13
What are we going to do next?
Will we pursue after this?
•   YES, this is a central topic for the PI’s dissertation
•   Preparation of Road Map for the technology and product
•   Focus on manufacture at a large scale
•   Obtain long-term reliability data
•   Continue with customer interaction

•   CIT - Proposal submitted, cost shared by UVA
•   SBIR – Next round
•   Technology will continue to be refined
•   Partner – PBI, testing, agreement, investment
            - Freudenberg, NDA requested
                                                     14
Backup Slides




                15
Marketing Plan
•Web Site - Already up - IndustrialFluence.com
•FAQSheet – Done, sent to Boeing

•Market Research - Direct
   •General Aviation
      •Calls with Cirrus, Cessna, ongoing dialog
   •Experimental
      •Several calls with enthusiasts
      •Joined EAA
      •Investigating Advertising in EAA publication

•PowerPoint pitch – Sent to Boeing and Arch Ventures
Archetype/Persona – Experimental Aircraft Builder

   •   Salary $80K+
   •   Engineer, Doctor, Lawyer
   •   Mid 40’s-60’s
   •   Particular
   •   Very Technical
   •   Decision Makers



                                             17
Payment Flows
                                                        Aircraft
Materials                                   $100/m2     Manufacturer
supplier
       $8/m2                                            Aircraft users
                              TexCone                   & builder
                              Corporation     $100/m2
                $1/m2
               Microtexture
                                                      Antenna
               stamper                  $5 - $50/Dish
                                                      Satellite Dish
Distribution Channel
                                         Aircraft
Materials                                Manufacturer
supplier

                           TexCone
                           Corporation

            Microtexture
                                         Aircraft users
            stamper
                                         & builder
Where would the money come from?

                      Revenue Model Choice
                             Channel
                      Web                  Physical




              Bits



Product
                                  Direct Sales
                                      Product
          Physical                    General Aviation
                                      Commercial
                                      EAA / Antenna
                                 Licensing
Market Size
Total
Aviation – General & Commercial $250M

            Serviceable
            Aviation – General & Commercial $20M


                        Target
                        EAA &
                        Antenna ~ $5M - Bridge



                                                 21

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Tex cone Final NSF I-Corps Presentation

  • 1. TexCone Create water repellent surface to eliminate ice buildup for aircraft, communication devices etc.. by surface microtexture. Uniqueness: Low cost bondable film on variety of surfaces Total customers called, more than 50 Prof. Mool Gupta -Principal Investigator Mr. Paul Caffrey - Entrepreneur Lead Mr. Martin Skelly -I-Corps Mentor 1
  • 2. Plastic Marketing Eliminate ice Personal Replicators materials Interaction Aviation Build-up Aircraft Adhesion Immediate Experimental Manufactures Severe Temp 24*7 General Industrial Durability Attention Commercial Contacts IP Direct Sales Marketing & Sales People Raw Materials 60$/500g Sale of coating People Repair Marketing & Sales Warranty Sales Service Contract Version 1
  • 3. Clients Contacted 1 st Phase 15 Lots of calls… Cirrus, American What did aviation Champion, Aviat, customers teach us? Aircraft, Zenith Aircraft Kits, Value Proposition – American Spruce, 3M TexCone can increase More targeted calls… survivability of flight into NuSil icing conditions LancAir Cirrus Aviation Customer Segments -- Bell Helicopter Add Kit manufacturers Private Aircraft Kit Builders Navair 3
  • 4. 1. Production 1. Durability Eliminate ice Personal 2. Testing 2. Adhesion Interaction Aviation Build-up Marketing Immediate Experimental Plastic Environmental 24*7 General Replicators Biz Com Attention Commercial Aircraft Manufactures NASA Industrial Contacts IP Direct Sales Marketing & Sales People Raw Materials 60$/500g Sale of coating People Repair Marketing & Sales Warranty Sales Service Contract Version 2
  • 5. Clients Contacted 2nd Phase 8 Boeing Coatings What did aviation Cessna customers teach us? CIT Gap Funds Value Proposition – Experimental Aircraft Same TexCone can Builders General Aviation increase Survivability of Pilots flight into icing conditions NASA – willing to test Customer Segments -- Add experimental aircraft manufacturers 5
  • 6. 1. Production 1. Durability Eliminate ice Personal Aviation 2. Testing 2. Adhesion Build-up Interaction Experimental Marketing Immediate General Plastic Environmental 24*7 Commercial Replicators Biz Com Attention Aircraft NASA Manufactures Industrial IP Direct Sales Contacts Marketing & Sales People Raw Materials 60$/500g Sale of coating People Repair Marketing & Sales Warranty Sales Service Contract Version 3
  • 7. Clients Contacted 3rd Phase 5 Cirrus Aviation What did these Experimental Aircraft customers teach us? Builders • There is a Market for superhydophobic Competition/Partner - coatings. Superhydrophobiccoatin • Cirrus is very interested. g.com • Experimental Aircraft Manufacturers easier to penetrate. • Potential for distribution 7
  • 8. 1. Production 1. Durability ‘Durable and Personal Aviation 2. Testing 2. Adhesion cost effective Interaction Experimental Marketing prevention of Immediate General Plastic Environmental ice build up' 24*7 Commercial Replicators Biz Com Attention NASA Aircraft Antennas Manufactures Others TBD Industrial IP Direct Sales Contacts Marketing & TBD Financial Sales Investors People Raw Materials 60$/500g Sale of coating People Repair Marketing & Sales Version 4
  • 9. 1. Production 1. Durability ‘Durable and Personal Aviation 2. Testing 2. Adhesion cost effective Interaction Experimental Marketing prevention of Immediate General Plastic Environmental ice build up' 24*7 Commercial Replicators Biz Com Attention NASA Aircraft Antennas Manufactures Others TBD Industrial IP Direct Sales Contacts People TBD Financial Investors Raw Materials $8 1m2 Sale of coating People Repair Marketing & Sales Version 6
  • 10. Clients Contacted 4th Phase New Client Focus 6 Antenna Segment What did these concentration customers teach us? Pro Brand Inc. – Partner Partnering will help get us through the initial – will supply resources stage from the lab to for testing manufactured solution. – They have ICE Salt/Slurry, UV, and EM test facilities 10
  • 11. Market Segments & Size Commercial Aviation $250M General Aviation $50M Market Size Experimental Aircraft $10M Antenna $5M Our Ability to Capture
  • 12. What were the lessons • Be specific……. learned? • Cold calling can be fun….exhilarating • NSF I-Corps program, Intense….but accomplished a lot. • Learned Business canvas methodology • Working with our team – Priceless, each member brought something different • Learned a new language – Entrepreneurship • How to accept criticism, not all constructive • Established large network, fellows and mentors • Customer input by getting out of the building • Market for our technology 12
  • 13. Is this a viable business? • YES….with lots more work • Need investment to increase pace • Potential niche identified • Good Collaborative Opportunity (PBI) • Sweat Equity 13
  • 14. What are we going to do next? Will we pursue after this? • YES, this is a central topic for the PI’s dissertation • Preparation of Road Map for the technology and product • Focus on manufacture at a large scale • Obtain long-term reliability data • Continue with customer interaction • CIT - Proposal submitted, cost shared by UVA • SBIR – Next round • Technology will continue to be refined • Partner – PBI, testing, agreement, investment - Freudenberg, NDA requested 14
  • 16. Marketing Plan •Web Site - Already up - IndustrialFluence.com •FAQSheet – Done, sent to Boeing •Market Research - Direct •General Aviation •Calls with Cirrus, Cessna, ongoing dialog •Experimental •Several calls with enthusiasts •Joined EAA •Investigating Advertising in EAA publication •PowerPoint pitch – Sent to Boeing and Arch Ventures
  • 17. Archetype/Persona – Experimental Aircraft Builder • Salary $80K+ • Engineer, Doctor, Lawyer • Mid 40’s-60’s • Particular • Very Technical • Decision Makers 17
  • 18. Payment Flows Aircraft Materials $100/m2 Manufacturer supplier $8/m2 Aircraft users TexCone & builder Corporation $100/m2 $1/m2 Microtexture Antenna stamper $5 - $50/Dish Satellite Dish
  • 19. Distribution Channel Aircraft Materials Manufacturer supplier TexCone Corporation Microtexture Aircraft users stamper & builder
  • 20. Where would the money come from? Revenue Model Choice Channel Web Physical Bits Product  Direct Sales  Product Physical  General Aviation  Commercial  EAA / Antenna Licensing
  • 21. Market Size Total Aviation – General & Commercial $250M Serviceable Aviation – General & Commercial $20M Target EAA & Antenna ~ $5M - Bridge 21