The Flash Scientific Technology Inc. offering is now closed and is no longer accepting investments.

Flash Scientific Technology Inc.

Lightning Prediction Technology

Flash Scientific Technology Inc.

Lightning Prediction Technology

Palmetto, GA
Engineering
Software & Services
Flash is a newly patented weather intelligence system developed to predict lightning strikes with the utmost accuracy, and has the potential to save lives and billions of dollars.

$1,069,158

raised
2,046
Investors
$10.2M
Valuation
$0.10
Price per Share
$100.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left

$1,069,158

raised
2,046
Investors
$10.2M
Valuation
$0.10
Price per Share
$100.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on May 01, 2021 and is no longer accepting investments.

Reasons to Invest

Flash has a patented, working prototype with the unique ability to predict lightning with 15-25 minutes of lead time, 96.5% accuracy in summer and 99.6% accuracy in other seasons. The company can predict the first strike before a storm and the last strike from an active storm.
Over 4,000 people die per year due to lightning in 24 countries and lightning losses for the US economy are approaching $6-7 billion per year, affecting thirty percent of US businesses
The Flash team is made up of research meteorologists with a combined 30 years in lightning research, and industry experts representing the largest potential markets for monetary gain, namely the aviation, insurance, and public safety sectors.

Overview


Weather analytics designed to save lives

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.  The algorithm was tested and refined on over 3,000 storms spanning multiple seasons and environments, resulting in up to a 99% accuracy rate. 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.

Flash’s story is one of triumph in one of the last frontiers in weather forecasting, with a solution that puts the power in our hands and allows us to protect the people and the things about which we care the most.

The Problem


Lightning is responsible for thousands of fatalities per year, as well as major economic losses

Over 4,000 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


Weather intelligence that predicts lightning strikes with up to 99% accuracy

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. Our algorithm has been tested and proven on 3,000+ storms of all types, during all months of the year, in all different geographic locations, including elevated terrain. As a result, our customers have defined our accuracy to be up to 99.6%.


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.

* Product is a working prototype and not currently available on the market

The Market


Weather is a multibillion dollar industry

The entire weather industry is worth $6 billion (Source), and $3 trillion dollars of the US economy is made up of weather sensitive industries (Source).

Our Traction


A patented algorithm and connections with major airlines, enterprises and SMBs

In September 2019, USPTO granted us a patent for our product. Since then, we have developed and tested our algorithm, and have become incorporated.

We have relationships and have had initial conversations with the following companies:

  • SouthWest Airlines

  • Spirit Airlines

  • NetJets

  • Atlanta Hartsfield Airport Authority

  • Raleigh Durham Airport Authority

  • Elbit Defense Systems

  • Georgia Emergency Management Agency

  • Tennessee Parks and Rec Authority

  • Georgia Power

What We Do


Saving lives and economies with advanced weather analytics

Flash provides weather predictive analytics through the power of its algorithmic insights and the availability of both elastic computing, and big data. The company uses these tools together to accurately predict the first and last strike of lightning from a storm. Just as satellites allow for hurricane tracking and doppler radar allows for tornado detection, FLASH accurately predicts when lightning may occur and when it could be a threat to our safety. 


The Business Model


Focused on targeting three major sectors: aviation, insurance and public safety

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.

How We Are Different


Our one-of-a-kind weather intelligence does what no hardware system has before

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.

The Vision


Global leaders in weather intelligence

We believe the fastest way to save the lives of as many people as possible is to sell our technology in Software as a Service (SAAS) format to as many large and far reaching enterprise customers as possible. It so happens that this approach is also consistent with maximizing shareholder value in our view. If we just launched a consumer facing app, we would not have the resources to support it adequately or to spread the word quickly enough and there are a lot of places the technology would never reach (for example aircraft in flight). Our goal is to be the number one lightning prediction service worldwide, and a world leader in weather intelligence, but we need your help to do it!

In Q1 of 2021, we plan to raise our seed capital, hire an API developer and salesperson, and in Q3 of 2021, we plan to hire another salesperson and close 2-3 enterprise customers. By early 2022, we would expect to begin a Series A financing and to scale our customer base. 


Within 3 years, we hope to have launched mobile applications in both android and IOS stores and an API to support the SAAS model.

OUR LEADERSHIP


We are meteorologists and industry experts with a drive to make a difference

Founder, Jason Deese, spent 25 years as a NOAA (the National Oceanic and Atmospheric Association) published research meteorologist specializing in decision support for public safety and aviation hazard mitigation. He spent most of his career focused in the southeast states where lightning occurrences are most common. Today, he leads a team made up of research meteorologists with many years in lightning research, and experts drawn from a variety of industries, including but not limited to aviation - where our product has a highly valuable and immediately actionable use case.

Why Invest


Our mission is noble and our product has the ability to help millions worldwide

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 lightning can present and we’ve made it our mission to create the ultimate solution to this problem.

We believe our product is unlike anything else on the market, with a patented algorithm and weather analytics that produce up to 99% accuracy. We hope you’ll join us as we partner with major corporations to make our life saving technology available worldwide!

Offering Summary


Company

:

Flash Scientific Technology Inc.

Corporate Address

:

335 Anna Ave, Palmetto, GA 30268

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$100.00











Terms


Offering Type

:

Equity

Security Name

:

Non-Voting Common Stock

Minimum Number of Shares Offered

:

100,000

Maximum Number of Shares Offered

:

10,700,000

Price per Share

:

$0.10

Pre-Money Valuation

:

$10,150,000.00











*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 72 hours | 15% bonus shares 

Super Early Bird - Next 72 hours | 10% bonus shares

Early Bird Bonus - Next 7 days | 5% bonus shares 

Volume

Tier 1 ($500+) Indoor Thermometer- Govee bluetooth thermometer with smart temp humidity sensor and notification alerts.

Tier 2 ($1000+) Wx Globe- MoHar storm glass globe that allows you to be your own weather forecaster. The transparent crystals will form different shapes according to the temperature and weather.

Tier 3 ($2,500+) Wx radio- Solar hand crank emergency weather radio with NOAA Weather alerts, flashlight, reading Lamp, and cellphone charger.

Tier 4 ($5,000+) Designer Barometer/Thermometer- Designer weather piece suitable for any fine study, library, upscale restaurant or school with temperature (in °F and °C), barometric pressure (hpa and mmHg) and humidity (%).   

Tier 5 ($15,000+) Wx Station- Monitor hyperlocal weather conditions in your own backyard anytime from anywhere with AcuRite atlas, keeping you connected to your changing environment.  

Tier 6 ($25,000+) Deluxe Wx Station w/ Remote Monitoring- Atlas Weather Station provides you with UV index, temperature, humidity, wind speed, wind direction, rainfall, light intensity, and barometric pressure. Create custom alerts to be notified when critical conditions change so you can identify emerging risks and know when to take action.


*All perks occur after 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 $0.10 / share, you will receive 110 shares of Non-Voting Common Stock, meaning you'll own 110 shares for $10. 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 investors 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 cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$0.00 USD
$0.00 USD
Cash And Cash Equivalents
$0.00 USD
$0.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$0.00 USD
$0.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
$0.00 USD
$0.00 USD

Risks

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.


Updates

Notice of Funds Disbursement

16 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Flash Scientific Technology Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Flash Scientific Technology Inc. be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

There Is Still Time To Invest In FLASH!!!

about 1 month ago

Joint the wait list today! Although we have commitments for all $1,070,000 of the campaign goal, a certain percentage of payments do not process. That frees up space for you to participate, so don't miss out - act today and click the green invest button in the upper right corner. Thank you!


Blowing Past A Million

about 1 month ago

Thanks to all who have invested!! We are past the million mark with in less than 2 months thanks to your tremendous support. No time to savor this though, we have multiple meetings setup for pilot programs this summer to showcase the power of FLASH.

Notice of Funds Disbursement

about 2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Flash Scientific Technology Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Flash Scientific Technology Inc. be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Strike Now! New Milestone Reached

about 2 months ago

We are only 45 days in and response has been great with over 870K invested! Thanks to all who are getting in on the ground floor of this venture. We are only raising a little over a million for this round though so space is limited if you still want to get in on the best terms.  Just had talks at deploying FLASH at over 500 golf courses worldwide as part of our first customer pilot program. 

Notice of Funds Disbursement

3 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Flash Scientific Technology Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Flash Scientific Technology Inc. be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

FLASH Blows Past 500K Mark In Less Than 2 Weeks

3 months ago

Well we thought we would approach 500K by the end of our 2 week period on StartEngine but investors had other ideas. FLASH surpassed the 500K mark in less than 12 days!! A big thank you to all who have invested. To celebrate, here is a demo we did on a lightning strike near Davis Island Yacht Club in Tampa Bay this past summer. The FLASH algorithm gave 25 minutes advance warning of the first strike.

FLASH Demo Day Coming Next Week

3 months ago

The momentum continues for FLASH as we approach 500K in our first 2 weeks! A big thank you to all who have invested. We just finished a demo day of the software in Jacksonville and this week we are presenting the technology to a major airline. Stay tuned for more updates.

Lightning Fast...FLASH Reaches 340K In First 72 Hours!!!

3 months ago

All we can say is Wow!! Response has been strong for the opening of FLASH with over 240 investors and an impressive 3 day total in excess of 340K. Help us keep it going by investing today and take advantage of 10% bonus shares for the next 72 hours. With such a swift raise, we are already speeding up our timeline for software refinement and customer acquisition. Join the FLASH team and watch what happens when Science and Data meet Technology and Innovation.

And in a Flash… we're over $175k!

3 months ago

And in a Flash… we're over $175k!  Thanks to all who have invested thus far and looking to build on this great start!

Show More Updates End of Updates

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