The HyperSciences offering is now closed and is no longer accepting investments.

HyperSciences

Harnessing the power of extreme velocity

HyperSciences

Harnessing the power of extreme velocity

Spokane, WA
Technology
Using our proprietary hypersonic accelerator — one of the world's fastest engines — HyperSciences is working to revolutionize several industries, including Clean Energy Drilling, Tunneling, Mining, and Aerospace.

$1,058,959

raised
706
Investors
$38.8M
Valuation
$3.84
Price per Share
$491.52
Min. Investment
Preferred
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left

$1,058,959

raised
706
Investors
$38.8M
Valuation
$3.84
Price per Share
$491.52
Min. Investment
Preferred
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on February 01, 2021 and is no longer accepting investments.

Reasons to Invest

HyperSciences has successfully delivered on contracts awarded by Shell, NASA and other top industry leaders. Currently we're working confidentially under contract with two major Mining and Energy corporations. Another area of focus is aerospace testing, as it is crucial research the U.S. government is seeking. As one of the few hypersonic companies in the U.S., HyperSciences is well positioned to win these types of government contracts.
With 39 patents at various stages (15 issued or allowed), HyperSciences' technologies enable companies to drill holes and robotically tunnel up to 5X faster — and at a lower cost than — traditional drilling and tunneling methods.
In 2019, HyperSciences conducted a very successful crowdfunding campaign, raising over $10M+ from more than 4,000 investors.

*All product images included on this page are of HyperSciences prototypes that are currently in the development stage and not yet available on the market. Some products are in research and development phases and some products are in the testing phases. 

Overview


We have accomplished or have ongoing demo contracts with three different industries: drilling, tunneling, and aerospace. HyperSciences works with Shell, NASA, and two additional Majors, an International Mining Resources Company and another Major Energy corporation (both under confidential contracts). Beyond just supplying  major corporations, we plan to use our technology to mine faster and generate revenue with our own hard rock mines. Our new mining assets include ownership in an Asia High-Purity Quartz and Rare Earth mineral deposit. The clean energy and electric car industries desperately need these high valued minerals in quantity.  We’ve also submitted government aerospace proposals to perform rapid hypersonic testing for NASA, Air Force, AFWerx, Army Future Command, and NSF.


HyperSciences is a proud winner of the U.S. Department of Energy Geothermal Manufacturing Prize, one of the 15 companies selected out of 300 applicants!

What We Do


HyperCore technology disrupts several major industries, producing faster, more effective results

Co-funded in partnership with major energy and resources companies, HyperSciences develops and builds some of the world’s most innovative hypersonic technologies.


Our HyperCore technology is the foundation for each of our platforms. We use low-cost chemical energy to accelerate projectiles to high velocities. In robotic drilling, tunneling and mining, this meteor-like impact can break and pulverize hard rock quicker than conventional equipment. In aerospace government applications, our goal is to repeatedly launch test hypersonic payloads to extreme velocity and altitudes, reaching nearly 10 times the altitude of commercial jets in seconds.

We use robotic/remote drilling methods to drastically improve the ROP (rate of penetration) and achievable depth, which enables additional discoveries through increased exploration. Our robotic mining and tunneling solution improves performance, eliminates dangerous explosives, and reduces high capital and operating costs over traditional rotary tunneling boring machines and drill and blast methods. Our hypersonic solutions make access to new mining assets economically feasible, enabling faster exploration and production for resources such as High Purity Quartz and heavy Rare Earth elements, Gold, Platinum, Copper, and hard rock Lithium deposits.

Our repetitive aerospace solution delivers payloads from the ground to the edge of space at velocities greater than Mach 5 (approx 4000 mph). With government strategic spending in hypersonics growing to billions per year, we offer rapid prototype evolution testing, 3D printing and fly hourly.

Harnessing the power of extreme velocity!

The Problem


 Old technology is slow and expensive

What do geothermal drilling, mining, tunneling, and hypersonic testing all have in common?  Today's hypersonic testing is expensive and unreliable because it relies on conventional rockets that have a low flight rate, are expensive, and regularly blow up. Solar and wind systems are intermittent and expensive. Geothermal can be the future for clean 24/7 baseload power, but today’s geothermal drilling is incredibly slow and too expensive to put it everywhere. Similarly, in tunneling, the world needs fast transportation tunnels (like Elon Musk and The Boring Company). The world also needs access to energy minerals such as platinum, copper, quartz, lithium, and Rare Earth Elements in mining. They're each dependent upon antiquated rotating equipment or old explosive technology, which makes their processes slow, dangerous, and expensive. We solve this.

The Solution


Our hypersonic accelerators provide faster, more efficient access to the resources we need

HyperSciences has built reliable, safe, and cost-effective hypersonic accelerators to demonstrate drilling, tunneling, and flight applications. Our  accelerators operate at velocities greater than Mach 5 (nearly 4000 mph).  They can robotically fire smaller projectiles into the ground that directly break and pulverize the rock with meteor-like energy allowing us to access energy resources and create transportation tunnels by removing earth quicker. Our full-scale accelerators can repeatedly launch larger aerospace capsules to the edge of space without using costly and volatile rockets.

GIF 

The Market


Our total addressable market is tens of billions of dollars

By building a platform technology company, HyperSciences is a leg-up when it comes to market cap, allowing us to pursue the tens of billions of dollars represented by the drilling, tunneling, and mining markets. Learnings in each business vertical help accelerate our overall platform technology. 

The combined drilling and bits, Robotic and coiled tube drilling markets are predicted to surpass $10B by 2023.  Tunneling will also be taking off in the near future, building on their steady market cap by reaching $8.4B by 2025 on more than 6% growth, while the total mining market size for the US was almost $150B in 2019, and growing quickly.

Source: www.grandviewresearch.com

Source: www.alliedmarketresearch.com

Our Traction


Validated by NASA, Shell, and major mining and energy corporations

HyperSciences is in a research, development, and testing phase but now has 39 patents at various stages (national and international), with 15 utility patents issued or allowed. The key to our success thus far has been through building customer confidence through smaller demonstration contracts. In 2019, we completed Phase 1 of our Aerospace testing with NASA, and we began our 3rd quarter field trials drilling with Shell & major mining corporations. In 2020, we’re completing HyperDrill field trials and beginning our 4th quarter tunneling and mining trials. We also began pursuing additional NASA and other government contract opportunities slated to be awarded to winners within the next few months. 


Two of our company's major technical milestones include achieving a reliable hypersonic velocity of 1750 m/s (Mach 5+) from our Hypercore accelerators and building and testing our pre-commercial autoloading tools for repetitive operation.

video

 We have accomplished or have ongoing demo contracts with 3 different industries: drilling, tunneling, and aerospace. HyperSciences works with Shell, NASA, and two additional Majors, an International Mining Resources Company and another Major Energy corporation (both under confidential contracts). We’ve also submitted government aerospace proposals to perform rapid hypersonic testing for NASA, Air Force, AFWerx, Army Future Command, and NSF.

GIF

The Business Model


Projected millions generated from  Aerospace R&D and leasing our equipment as a service and consumables sales

HyperSciences’ business model generates revenue from being an “Equipment as a Service.” To enable the adoption rate of our new technology, we lease our equipment and charge per projectile. Typical drilling or mining systems generate over $300k per year, which is only a fraction of the cost of anything else on the market, selling millions of projectiles in the process.

Obtaining new government contracts related to hypersonic research will enable us to generate additional revenue.


  • Complete Drilling and Tunneling Field Trials in 2020

  • Secure new Paid Pilots Projects

    • Exploration drilling and mining/tunneling

    • NPV gain share and recurring projectile revenue

  • Finish exploration drilling and sell/JV the Quartz/Rare Earth project

    • Complete the exploration-resource Report 43-101

    • Sell mine or JV operation with major corporations

  • Obtain new government contracts related to hypersonic research

We expect to generate revenue annually by operating, Joint Venturing, or outright selling our developing hard rock mines. For example, on the Asia High Purity Quartz and Rare Earth mine deposit, we first drilled to explore the project's opportunity. Next, we will determine if we should solely produce this project, partner with a larger entity, or sell the Mine directly to an end-user in the solar panel business or electric car minerals industry.

How We Are Different


Faster, more efficient, and more cost-effective than traditional technology

Our technology is unlike anything else on the market. We have tested our ability to drill holes >5X faster and at a lower cost than other conventional drilling applications.


HyperDrill™ is compatible with existing drilling systems and can drill through nearly any ground condition, with impacts 10-100X the strength of the rock face. We are also developing the technology to 3D map subsurfaces utilizing our continuous micro-impacts, allowing us to locate energy deposits with ease using our sonar-like process.

GIF

Our agile robotic systems are engineered to be >5X faster than traditional systems and can be reused, unlike more massive conventional Tunnel Boring Machines (TBMs). This reduces capital and operating costs over traditional equipment, and has the potential of saving millions of dollars per job.

The Vision


Energy anywhere geothermal

Our Geothermal solution leverages the performance benefits of HyperDrill, and has the ability to reach deep geothermal energy deposits. Our next step is to get our low-cost HyperDrill to a mature stage, at which point our system will scale to provide power to industry and society anywhere.

We are currently completing drilling and tunneling field trials, and our next step is to secure new paid pilot projects. These will include exploration drilling and mining/tunneling. In 2021, we will execute Aerospace R&D using our HyperDrone™ and will also begin Hi-Tech Mineral Mining. Deep Drilling Energy Anywhere will begin in 2022-2023, enabling energy anywhere geothermal.

OUR LEADERSHIP


Experienced leadership with a proven track record

Our engineering and advisor team is composed of experts in aerospace, hypersonics, geology, oil & gas, robotic automation and machine learning. The team is led by Mark Russell, the founder and CEO of HyperSciences. With a Master’s degree in Aero/Astro Engineering from Stanford, Mark is a former lead engineer and manager for Jeff Bezos's Blue Origin and has a long history of working on world-class mining projects. 

A few of our incredible advisors and board members include Malcolm Ross and Mike McSherry. Malcolm Ross has worked in geosciences his entire career with the last 13 years as a Shell employee. He was involved in the new technology innovation arm at Shell first as a GameChanger, where Shell looked for emerging disruptive technologies, and ultimately Shell funded HyperSciences HyperDrill over four contract periods. Board member Mike McSherry is a serial entrepreneur and the current CEO and founder of the healthcare tech company, Xealth. He is also the former CEO of SWYPE (mobile app), and the co-founder of Boost Mobile.

Why Invest


Changing the aerospace, drilling, and mining industries for the better!

Our hypersonic platform technology is unlike anything else on the market. Led by the expertise of industry pioneers, we created a product able to drill holes >5X faster and at a lower cost than other conventional drilling applications, while our agile robotic systems are engineered to be >5X faster than traditional systems and can be reused, unlike TBM.

GIF

We have already completed contracts with some of the biggest companies in the mining, drilling and aerospace industries, such as Shell, NASA, and a Major Mining and Major Energy Corporation. We have aerospace proposals underway to perform rapid hypersonic testing with NASA, Air Force, AFWerx, Army Future Command, and NSF. We are just getting started with a revolutionary product that has the potential to change the processes of these industries and generate millions, even billions in revenue. We hope you will join us on our journey.

GIF

*All product images included on this page are of HyperSciences prototypes which are currently in the development stage and not yet available on the market. Some products are in research and development phases and some products are in the testing phases.

Offering Summary


Company

:

HyperSciences, Inc

Corporate Address

:

2311 E Main Ave, Suite 200, Spokane, WA 99202

Offering Minimum

:

$9,999.36

Offering Maximum

:

$1,069,996.80

Minimum Investment Amount

(per investor)

:

$491.52











Terms


Offering Type

:

Equity

Security Name

:

Series A Preferred Stock

Minimum Number of Shares Offered

:

2,604

Maximum Number of Shares Offered

:

278,645

Price per Share

:

$3.84

Pre-Money Valuation

:

$38,759,020.80











COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days.

Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives and Bonuses*

$10,000 ("Nickel") - Replica projectile keychain

$25,000 ("Quartz") - Replica projectile keychain and HyperSciences t-shirt

$50,000 (“Platinum”) – All of above, plus a 2020 scale Geothermal HyperDrill Bit and Plaque to commemorate this offering

*All perks occur when the offering is completed.

Special Note Regarding Forward-Looking Statements

This memorandum may contain forward-looking statements, as that term is defined under the federal securities laws. Forward-looking statements include, among others, statements about our business plan, strategy and industry. These statements are often, but not always, made through the use of words or phrases such as “may,” “will,” “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “predict,” “potential,” “opportunity,” and similar words or phrases or the negatives of these words or phrases. These forward-looking statements are based on our current assumptions, expectations, and beliefs and are subject to substantial risks, estimates, assumptions, uncertainties, and changes in circumstances that may cause our actual results, performance, or achievements to differ materially from those expressed or implied in any forward-looking statement, including, among others, the profitability of the business. These statements reflect management’s current views with respect to future events and are subject to risks and uncertainties that could cause the Company’s actual results to differ materially from those contained in the forward-looking statements. Because the risks, estimates, assumptions and uncertainties referred to above could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements, you should not place undue reliance on any forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date of this memorandum. You should read this memorandum completely and with the understanding that our actual future results may be significantly different from our expectations. Any forward-looking statement speaks only as of the date hereof, and, except as required by law, we assume no obligation and do not intend to update any forward-looking statement to reflect events or circumstances occurring after the date hereof.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$2,579,333.00 USD
$2,071,164.00 USD
Cash And Cash Equivalents
$1,431,036.00 USD
$1,291,133.00 USD
Accounts Receivable
$120,000.00 USD
$0.00 USD
Short Term Debt
$1,650,090.00 USD
$1,607,175.00 USD
Long Term Debt
$1,935,893.00 USD
$1,752,964.00 USD
Revenues And Sales
$501,430.00 USD
$82,860.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$5,680,777.00 USD
-$2,166,043.00 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

5 months ago

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

Hello!

As you might know, HyperSciences 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 HyperSciences 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

Notice of Funds Disbursement

5 months ago

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

Hello!

As you might know, HyperSciences 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 HyperSciences 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

New Campaign End Date is January 31, 2021

6 months ago

We have been blown away by the positive response of our equity crowdfunding campaign! Due to the momentum, we have moved our end date up to January 31, 2021, so that we can put your hard earned investments into action as soon as possible.

This means that investors who have not been part of prior closings will have up until January 29, 2021 to cancel their investment, and we will continue to accept investment commitments until the campaign is closed.

Notice of Funds Disbursement

6 months ago

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

Hello!

As you might know, HyperSciences 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 HyperSciences 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

New Milestone: Over $400k Raised! Plus, Join Webinar with CEO Mark Russell

6 months ago

New Milestone: Over $400k Raised!

HyperSciences is thrilled to announce that the company has already received over $400k in investments through its Reg CF offering. The company couldn't be more excited to reach this milestone so early in the campaign!

Are you available Thursday, December 17th, at 1:00 PM PST? Join Mark Russell, CEO of HyperSciences, for a live investor webinar focusing on how the company is working to revolutionize several industries within Clean Energy Drilling, Tunneling, Mining, and Aerospace.

There are a limited number of reservations available for this webinar -- reserve your spot today!

RESERVE SPOT

Join Hypersciences' CEO for a Live Investor Webinar

6 months ago

Exclusive Investor Webinar

Are you available Thursday, December 17th, at 1:00 PM PST?

Join Mark Russell, CEO of HyperSciences, for a live investor webinar focusing on how the company is working to revolutionize several industries within Clean Energy Drilling, Tunneling, Mining, and Aerospace. There will also be time at the end for Q&A!

There are a limited number of reservations available for this webinar -- reserve your spot today!

REGISTER HERE

New Milestone: Over $250k Raised!

7 months ago

New Milestone: Over $250k Raised!

HyperSciences is pleased to announce that the company has already received over $250k in investments through its Reg CF offering. The company couldn't be more excited to reach this milestone so early in the campaign!


In an ongoing series of field tests, HyperSciences has proven HyperCore's ability to drill holes quicker and cheaper than conventional drilling methods. With the ability to drill through any ground condition, HyperSciences' meteor-like impacts are up to 100X the strength of the rock the company is clearing. This will ultimately enable the exploration of geothermal energy deposits buried deep in the earth, providing cost-effective and scalable clean energy.

Invest Now


HyperSciences is hosting an investor update webinar!

8 months ago

HyperSciences Investor Update


Hi,

We have some exciting news to share with you and would like you to join us for an investor update webinar with HyperSciences CEO, Mark Russell on Thursday, November 12, 2020 at 11:30 AM PST (2:30 PM EST).

Please click here to register for the HyperSciences Investor Update Webinar.


If you are interested in investing in this round, you can learn more and indicate your interest here on our StartEngine profile page.

Hope to see you at the webinar. Feel free to post in the comments below with any investment-related questions and we will be sure to get back to you directly or address them at the session. 


 Let's continue to advance at Mach 5+!


All the best,

Mark Russell, CEO 


Notice of Funds Disbursement

8 months ago

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

Hello!

As you might know, HyperSciences 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 HyperSciences 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

HyperSciences raises over $125,000!

8 months ago

HyperSciences went live on StartEngine a few days ago and we are already over $125,000 in investments.  


To learn more go to StartEngine.com/HyperSciences.


Let's continue to advance at Mach 5+!


All the best,

Mark Russell
CEO, HyperSciences

Notice of Material Change in Offering

8 months ago

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

Hello! Recently, a change was made to the HyperSciences offering. Here's an excerpt describing the specifics of the change:


HyperSciences, Inc has added their 2-year Financial Audit.


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.

Show More Updates End of Updates

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