All New High Capacity Battery Pack
After extensive product development and field testing, the Company will soon be introducing its GolfBoard V1.3 with an all new high capacity battery pack. This higher-powered battery pack, featuring LG lithium-ion cells, will be the Company’s 3rd generation battery since going to market in 2014. All V1.3 GolfBoards will have 48.8% more power than the original model and 12.2% greater power than V1.2 boards. This upgrade allows us to replace the previous internal 100-amp fuse with a convenient external 100-amp circuit breaker, as well as a battery on / off switch, for ease of servicing and storage during the off season.
This more powerful battery back will both increase the range of our entire GolfBoard product line, as well as improve overall product performance. V1.3 GolfBoards should consistently deliver 27 holes of usage on one charge on all but the most demanding courses, plus have improved climbing ability on steep hills or slippery terrain. This allows golf course operators to rent their fleet of GolfBoards for an 18-hole round plus a potential second 9-hole round without any recharging, or redeploy their GolfBoards for a 2nd 18-hole round with just under 1-hour of recharging.
The Company anticipates the marketplace will react very favorably to our generation 3 high-capacity battery pack, as this will improve range and performance of our current GolfBoard products by over 12%, plus offer several other improvements, all for just a 4.6% price increase. These new battery packs will be reverse-compatible with all older model GolfBoards, allowing early GolfBoard adopters to upgrade to a more powerful battery and enjoy the improved range and performance benefits. This will improve client satisfaction while generating an increase in the Company’s replacement part revenue.
New Brushless Motor Advancement in Development
One of the operational challenges for the Company is in-field replacement of GolfBoard motors, which is generally required after 2 to 3 years of commercial use. While the Company offers free motor replacement service videos on-line, as well as free phone support, motor replacement is sometimes considered by some course operators to be beyond the competency of their golf course staff members. In these instances, the board sometimes needs to be shipped back to the factory or to one of our service centers for motor replacement, causing a lapse in the course’s ability to generate GolfBoard revenue.
In order to extend the lifetime of GolfBoard motors, the Company will soon begin field testing a brushless motor package which is compatible with the existing and previous GolfBoard designs. These newer motors should deliver the same speed (or higher if we choose), with greater torque and increased efficiency, resulting in increased reliability and longevity by eliminating brush and commutator erosion, potentially extending GolfBoard motor lifetime by years.
Our objective is to provide a GolfBoard motor package that has at least a 3-year lifespan in commercial use. After 3 years, with their initial lease fully paid off, many of our commercial clients choose to trade-in their GolfBoards for the newest model. Our management team is very excited about the prospects of reducing, and possibly eliminating, the need for in-field motor replacement during the first 3 years of deployment, as well as the potential performance benefits of advancing to brushless motors.
As we transition into post-pandemic sales and product strategies, our focus will continue to be on providing the highest quality products in the golf/resort/sporting transportation category. The technology advancements to a more powerful battery pack combined with longer lasting motors will help further elevate GolfBoards position as the best-in-class personal mobility vehicle for golf.
New V1.3 GolfBoard Pro with Optional Seat Cooler