Get rewarded for investing more into Flash Scientific Technology:
In addition to our cornerstone lightning prediction product, we have now expanded the lightning suite to include 1 hour, 2 hour, and 3 hour AI based lightning prediction products that will enable mitigating actions to prevent wildfires for just one example, well in advance of a storm.
But we didn’t stop there. With 22 events, 2020 had the most billion-dollar extreme weather events of any year—nearly one-third more than the second-worst year on record, 2016. From 1980 to 2020, the annual average of billion dollar events is 7.1 events, but the annual average for the past five years (from 2016 to 2020) is 16.2 events per year. (Source) The AI platform we have designed lends itself nicely to mitigating these increasing disasters by accurately predicting a broad set of weather phenomena including tornadoes, wind storms, hail, winter storms, onset and ending times of precipitation among many others.
Since our last raise
There have been numerous significant developments at FLASH since our last raise detailed below…
*Flash is currently in the prototype stage.
The image below shows the 3 hour lightning forecast by FLASH AI represented by the shaded area over Florida. The yellow, orange, and red shading indicates higher probabilities of lightning to occur. The purple dots are the actual lightning that occurred that day. You can see how well the FLASH AI predicts lightning 3 hours in advance!
*Flash is currently in the prototype stage.
Overview
Founder, Jason Deese, has witnessed countless weather-related tragedies during his 25 year public service career as a meteorologist at NOAA (the National Oceanic and Atmospheric Association). The powerlessness he felt in these moments fueled his desire to make a difference.
Deese set out to create an algorithm that could predict when lightning would strike, providing invaluable lead time for those in harm's way to seek shelter.
This success prompted Jason to apply for a patent which was issued in September of 2019 and assigned to the company in October of 2020.
This cornerstone product, Flash Lightning, incorporates a patented algorithm with big data to predict first, and equally important last lightning strikes with the utmost accuracy. With no hardware or sensors required, we believe the product is positioned for immediate validation and widespread acceptance.
And, lightning is only the beginning for FLASH.
Our advances in incorporating 30 years of historical data with artificial intelligence and sophisticated machine learning formats allows for application to a multitude of industry-specific needs pertaining to….
The speed and accuracy of AI technologies when it comes to data computation in extreme weather patterns means there is a better chance of warning people in harm's way. If AI can track the speed and paths of tornadoes, hurricanes and other disastrous weather events, people will have a better chance of evacuating. And with the increase of such severe storms, the rapidity and accuracy of this tracking system could save lives. (Source)
THE PROBLEM
Over 2,000 people die per year due to lightning in 24 countries (source), and in 2019, more than $900 million in lightning claims were paid out to nearly 77,000 policyholders (source). Lightning losses for the US economy are approaching $6-7 billion per year, affecting thirty percent of US businesses (source).
Incidents of lightning delaying aircraft take off costs airlines billions, with the current cost to air carrier operators for an hour of delay due to the weather ranging from about $1,400 to $4,500 per aircraft (Source).
Lightning frequency is predicted to possibly increase by 50% through the year 2100, due to climate change (Source), and recent studies indicate that each degree Celsius of global temperature increase will result in 12% higher incidence of lightning (Source).
THE SOLUTION
At Flash, we have patented an algorithm, and a working prototype implementing that algorithm, that predicts the first and last lightning strike with origin accuracy. This means that we know where the lightning starts in the clouds within a tenth of a mile, and then can predict the 1-2 mile radius down on the ground where the lightning is expected to strike as it branches out and then strikes.
Other companies claim prediction, but they are simply taking lightning that has already occurred and extrapolating out its future location with more or less accuracy. We believe that Flash is the first company to actually predict the first lightning strike to occur - with 15 to 25 minutes lead time, before any lightning storms have developed. Unlike other companies before us, Flash uses new and innovative weather intelligence technology, rather than hardware.
And lightning is just the beginning. We now have an entire suite of AI generated products to go along with the lightning such as…
With Flash, we welcome you to the future - a software only solution taking Algorithmic Insights, AI and Machine Learning and combining this with vast data lakes to solve the previously thought unsolvable.
Here is just one of many examples of what AI can do for weather forecasting. We input 30 years of historical data into a Machine Learning model for extended tornado warning forecasts. The image on the left shows a 3 hour forecast of tornadoes with the highest probabilities in orange and red. The image on the right shows the actual tornadoes for that day in red dots. The red line is for reference to show how accurate the 3 hour forecast was. So imagine hospitals, schools, construction sites etc. having a 3 hour forecast of high tornado probabilities. AI is indeed changing what is capable in the forecast world.
*Flash is currently in the prototype stage.
Our sales model will follow a three track approach initially focusing on the three largest potential sectors: Aviation, Insurance, and Public Safety. In addition to revenue, these initial customers are expected to supply valuable proof of market acceptance that may lead to inclusion of the API services into smartphone, wearable technologies, smart appliances, and other IoT implementations.
Why Invest
We aim to be global leaders in weather intelligence.
We believe our products are unlike anything else on the market, with a cornerstone patented algorithm and AI based weather analytics that produce up to 99.6% accuracy. We hope you’ll join us as we partner with major corporations to make our life saving technology available worldwide.
In Q1 of 2022 we plan to expand our product suite to include AI and Deep Learning based forecasts of 3 hour lightning, hail, winter storms, precipitation onset, hurricanes, strong winds, fire weather and more. With this in place, we will be able to generate revenue through a variety of sources including add ons to existing weather product suites but also enterprise based new products for aviation, insurance, public safety, etc.
At one time or another, we’ve all been faced with challenging weather conditions that perhaps even made us fear for our safety or the safety of our loved ones. At Flash, we understand the dangers that adverse weather can present and we’ve made it our mission to create the ultimate solution to these problems.
Company | : | Flash Scientific Technology Inc. |
Corporate Address | : | 335 Anna Ave, Palmetto , GA 30268 |
Offering Minimum | : | $9,999.75 |
Offering Maximum | : | $3,929,046.75 |
Minimum Investment Amount(per investor) | : | $345.00 |
Offering Type | : | Equity |
Security Name | : | Non-Voting Common Stock |
Minimum Number of Shares Offered | : | 13,333 |
Maximum Number of Shares Offered | : | 5,238,729 |
Price per Share | : | $0.75 |
Pre-Money Valuation | : | $89,755,758.00 |
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Investment Incentives and Bonuses*
Early Bird
Friends and Family - First 24 hours | 10% bonus shares
Volume
Tier 1 ($1,000+) – Wireless Weather Station with Indoor and Outdoor Thermometer and Remote Sensor
Tier 2 ($5,000+) – 5% bonus shares
Tier 3 ($10,000+) – 10% bonus shares
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Flash Scientific Technology Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Non-Voting Common Stock at $0.75 / share, you will receive 110 shares of Non-Voting Common Stock, meaning you'll own 110 shares for $75. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Insider Investment Notice
Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Last Chance to Register,
As we are in the final stretches of our StartEngine campaign, we wanted to give you the opportunity to ask questions about where we are and where we are headed as a company. Some truly exciting things are happening everyday for us and we will share this news as well. So join us for a Town Hall and Q&A webinar by registering at the link below. We couldn't have done any of this without you and we are all going to be a part of this incredible journey of saving lives. We will have our Lead Software Engineer and Lead AI Engineer on to present and answer questions.
Thanks, Jason Deese
Founder/CEO FLASH AI
You are invited to a Zoom webinar.
When: May 20, 2022 06:00 PM Eastern Time (US and Canada)
Topic: FLASH Town Hall
Register in advance for this webinar:
https://zoom.us/webinar/register/WN_Hwv3edFvTO66R8dAImlY7g
After registering, you will receive a confirmation email containing information about joining the webinar.
Just a Reminder FLASH Investors and Followers,
As we are in the final stretches of our StartEngine campaign, we wanted to give you the opportunity to ask questions about where we are and where we are headed as a company. Some truly exciting things are happening everyday for us and we will share this news as well. So join us for a Town Hall and Q&A webinar by registering at the link below. We couldn't have done any of this without you and we are all going to be a part of this incredible journey of saving lives. We will have our Lead Software Engineer and Lead AI Engineer on to present and answer questions.
Thanks, Jason Deese
Founder/CEO FLASH AI
You are invited to a Zoom webinar.
When: May 20, 2022 06:00 PM Eastern Time (US and Canada)
Topic: FLASH Town Hall
Register in advance for this webinar:
https://zoom.us/webinar/register/WN_Hwv3edFvTO66R8dAImlY7g
After registering, you will receive a confirmation email containing information about joining the webinar.
As a sneak preview, here is a flyer for our notification services that is going out to outdoor venues near you!
Greeting FLASH Investors and Followers,
As we are in the final stretches of our StartEngine campaign, we wanted to give you the opportunity to ask questions about where we are and where we are headed as a company. Some truly exciting things are happening everyday for us and we will share this news as well. So join us for a Town Hall and Q&A webinar by registering at the link below. We couldn't have done any of this without you and we are all going to be a part of this incredible journey of saving lives.
Thanks, Jason Deese
Founder/CEO FLASH AI
You are invited to a Zoom webinar.
When: May 20, 2022 06:00 PM Eastern Time (US and Canada)
Topic: FLASH Town Hall
Register in advance for this webinar:
https://zoom.us/webinar/register/WN_Hwv3edFvTO66R8dAImlY7g
After registering, you will receive a confirmation email containing information about joining the webinar.
As a sneak preview, here is a flyer for our notification services that is going out to outdoor venues near you!
First of all, thank you to all of the FLASH investors. You are by far the most enthused and engaged investor base I have witnessed and so proud to have all of you part of Team FLASH. We have announced a close date as we are focusing our attention fully on generating revenue with our FLASH Alerts product as well as our Enterprise geared suite of products that is drawing continued high interest from Aviation, Public Safety, Utilities and even a major theme park. Now more than ever, we need to focus on execution. Besides helping on the financial side, this crowdfunding campaign had the indirect effect of generating many more customer leads. We need to switch gears and prioritize operations over fundraising activities.
This is a notice to let you know that our campaign on StartEngine will be closing on Wednesday June 15th, 2022, so please consider investing now!
Please continue to reach out to us with any questions or comments about our company...and thank you so much for your support! We look forward to hearing from you during these last days of our StartEngine campaign.
Greetings All,
We are very pleased to announce that after a little over a year from having a patented algorithm and an idea, we at FLASH have developed our first in a long series of revenue generating products. FLASH Alerts is live and accepting paid Beta customers!!! This is a notification service only and designed for mainly small to medium businesses with smaller geographic footprints. Still, this is a game changer when it comes to lightning prediction as ANY entity can sign up for the start and end of lightning without ANY hardware to install. Please see our new landing page below and remember, we have extended the campaign for just a short time only.
You can also directly access the page at flash.technology/alerts
Thank you again for all of your support. We are indeed on our way to saving lives!!!
FLASH is pleased to announce that we have extended the current campaign for a very limited time. To kick off this extension, we will be holding a Question and Answer Town Hall session coming this week. Details to follow in a subsequent post. I do apologize for the infrequent updates but it has been a whirlwind of a spring as thunderstorm season is in full swing and FLASH continues to expand and test its suite of lightning prediction products. Some highlights...
1. Now that our FLASH First Strike and FLASH All Clear products are complete, we are nearing deals with several enterprise customers including those in the Theme Park, Aviation, Wildfire, and Weather arenas. Details to come soon.
2. As we complete these Enterprise deals this month, we have also launched a separate notification service called FLASH Alert. Beta tests were ongoing during the spring for this service that notifies the user of when lightning will affect their area and when safe conditions will resume. It has been a resounding success and we have signed our first major golf and country clubs up for the service. The following is from one of our Beta testers in Indiana who was quite enthused.
Again, thanks for the tremendous support thus far. As we transition to revenue, this will likely be the last time equity in FLASH is offered to the crowd so please take advantage before we close.
Thanks,
Jason Deese
Founder/CEO FLASH
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Flash Scientific Technology offering. Here's an excerpt describing the specifics of the change:
Issuer is extending the campaign and updating their financials per the most recent fiscal year.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Flash Scientific Technology offering. Here's an excerpt describing the specifics of the change:
Issuer is extending the campaign and updating their financials per the most recent fiscal year.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Hi, this is Jason with FLASH AI. In this video update you will see our software run on a case from just a couple of days ago in Tampa, FL where 2 individuals were struck while leaving the Yankees Spring Training game. The video will show FLASH AI had almost an hour lead time on the first strike that was within 8 miles of the stadium. Getting this product into the hands of decision makers is paramount so that incidents like this are avoidable in the future.
Hi All,
This is Jason with FLASH AI. Today's demo comes from the tragic 50 car pileup in a snow squall on I-81 in Pennsylvania in which 3 people lost their lives. The video contained is graphic and disturbing but the FLASH products that follow show what we are doing to prevent such horrific accidents in the future.
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