Company profile 190313
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Thor Power Corporation is a US-based company founded in 2002 that develops and markets efficient power systems between 0.3kW and 50kW. It has developed a multi-patented electric power system that can generate and motor power more efficiently, using over 50% less energy than traditional systems. The company currently seeks $5 million to fund the next phase of development and commercialization. It has applications in industries like wind, hydro, HVAC, tools, vehicles, aerospace, representing an $18 billion market.
Company profile 190313
- 1. Company Profile Founded in 2002, US-based Thor Power Corporation (TPC) designs, develops and markets energy efficient power systems in the 0.3kW to 50kW range. The management team brings experience from engineering and the financial markets. Its founder and CEO, has spent over the last 30 years leading turnarounds and start-ups in Europe, China, North America and Australia in business to business environments. TPC has established strategic relationships with Electron Energy Corporation, Lehigh University, Drexel University, and Dewey Electronics. The company has raised close to $US2m to-date through private investors, including over $US0.4m from Ben Franklin Technology Partners (NEP). Today, it occupies a 1000sq.ft. production/lab space in Allentown, PA. Funding Opportunity Thor Power Corporation currently seeks to raise up to $5m through equity and/or convertible loans for Phase two of development, as part of the next round of $25m. The company said that it particularly welcomes investors with a special interest in technological initiatives. Technology & Markets Fig. 1 Trezium速 System Fig. 2 Grismir速 Nema 34 Fig.3 Dy-free PM alternator (Controller & Motor) (2kW Motor/generator/alternator) (Design, 3.8kW alternator) The company has developed a multi-patented electric power system. The power system is able to provide improved efficiency in both generation and motors, consuming over 50 per cent less energy than a traditional system. This technology platform has potential applications in over 19 vertical market segments, which include wind, hydro and engine electric power generation, HVAC, power tools, appliances and electric vehicles (EVs), and aerospace, representing over $18b. These market segments have been identified through test marketing on GlobalSpec the leading specialized search and e-publishing company serving the engineering, manufacturing and related technical markets. TPC currently has eleven patents and patents-pending and additional patent applications are still under process. Thor Power Corporation 揃 795 Roble Road 揃 Allentown, PA 18109 揃 USA
- 2. Business Plan For over 5 years, the company has been working on product development at its laboratory facilities in the Lehigh Valley in Pennsylvania. At the moment, it has completed the Phase one of its R&D and the new funds will be deployed for Phase two development, which will allow the company to take this technology to a commercialisation stage, in the range of 2kW to 25kW, improve its laboratory facilities and purchase additional equipment. Although the company is currently located in the US, it is considering the option of relocating its headquarter to China or Europe, in order to meet investors requirements and also to have full operative offices in the US, China and Europe. The company has been in advanced negotiations for the sale of its products with major OEMs for power tools, HVAC, power generation, aerospace, and governmental institutions such as the US Department of Defense. In 2012 the company, together with Electron Energy Corporation, was awarded & successfully completed an SBIR Phase one project for a 3kW generator. The company intends to sell its products as well as license them. Thor Power business model involves the generation of revenues through direct sales, government sales, grants and licensing with OEMs, generating revenues from royalties on sales of products incorporating the product, and OEM buy-back to drive down unit cost. The company is always looking to create partnerships to introduce its technology to new markets and applications. Thor Power has a 33 per cent interest in a Minority Business Enterprise (MBE) in Pennsylvania that will focus on micro wind turbines and micro-grids targeting US housing authorities, where electricity cost represents 30 per cent of total operating expense. At the same time the company has active projects that are in process for micro-turbines for Canada, California and Hawaii. As a market exit for its shareholders, Thor Powers management foresees an IPO or a strategic merger in 5 years time, which will bring to investors of this financial round compounded returns of over +30 per cent. Further information: Web site: www.thor-power.com Application videos: http://www.youtube.com/watch?v=A-F-KQDoNwg : hydro-electric generator http://www.youtube.com/watch?v=Vatw7VBRuv4 : 2kW electricity generator/alternator http://www.youtube.com/watch?v=G4MBY_Yv1S8: Iya Wind turbine & Grismir速 generator http://www.youtube.com/watch?v=W2rZByvAw_s : First run prototype Iya Wind turbine/Grismir速 http://www.youtube.com/watch?v=H0wE99y53KI : FlexGen electricity generator http://www.youtube.com/watch?v=ME8wGPlkmgw: Grismir速 3000 power tool, factory demo http://www.youtube.com/watch?v=Wew8zsjlQj0 : Freezing Failure, Grismir速 3000 power tool http://www.youtube.com/watch?v=duozWDEekzc : Grismir速 3000, power tool bench test Contact: dbonner@thor-power.com ; phone: +1 610 905 5474 mpina@thor-power.com Thor Power Corporation 揃 795 Roble Road 揃 Allentown, PA 18109 揃 USA