HyperSciences

Harnessing the power of extreme velocity.

HyperSciences

Harnessing the power of extreme velocity.

Spokane, WA
Engineering
Technology
We believe HyperSciences is revolutionizing geothermal energy with high-speed, high-impact drilling. Developed over time in tests for Shell, the U.S. Department of Energy and a major mining company, our HyperCore™ engine and drill can overcome a huge barrier in the clean energy market: creating holes deep enough to access geothermal energy at a reasonable cost. Making clean, renewable geothermal energy viable anywhere in the world will decrease dependency on fossil fuels and reduce energy poverty by enabling power in remote off-grid areas.

$124,510

raised
$1,058,959
previously crowdfunded
53
Investors
$104M
Valuation
$9.72
Price per Share
$495.72
Min. Investment
Preferred
Shares Offered
Equity
Offering Type
$3.94M
Offering Max
Reg CF
Offering

$124,510

raised
$1,058,959
previously crowdfunded
53
Investors
$104M
Valuation
$9.72
Price per Share
$495.72
Min. Investment
Preferred
Shares Offered
Equity
Offering Type
$3.94M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into HyperSciences:

$10,000+
Investment
Nickel
HyperSciences t-shirt
$25,000+
Investment
Quartz
Replica projectile keychain and HyperSciences t-shirt
$50,000+
Investment
Platinum
All of the above, plus a scale Geothermal HyperDrill Bit and Plaque to commemorate this offering

Reasons to Invest

  • The geothermal energy market is poised to go through the same transformation as wind and solar did a decade ago. The geothermal market value is set to grow more than 20x between now and 2032, and HyperSciences will be at the center of that ecosystem. (Source)
  • HyperSciences can realize a fundamental change in the way geothermal drilling is done in time to capitalize on the geothermal market surge.
  • HyperSciences patented technology is poised to revolutionize multiple industries, most immediately geothermal energy, but resource extraction (oil and minerals)  and space launch are also industries we intend to ultimately capitalize upon.  Your investment in our company will change the world.

*All product images included on this page are HyperSciences prototypes currently in the research & development stage and are not yet available to the public.






OVERVIEW


HyperSciences seeks to apply hypervelocity towards some of the world’s most challenging problems


HyperSciences was inspired by a 1970s DARPA initiative — Project REAM — that used high-velocity shots to break through rock. Project REAM was extremely effective but was not cost-efficient at breaking rock.


HyperCore technology is the foundation for each of our platforms: drilling, tunneling, and aerospace. It uses low-cost chemical energy to efficiently accelerate projectiles to high velocities (Mach 5 and above).



Our hypersonic accelerators robotically fire small projectiles into the ground that directly break and pulverize the rock with meteor-like energy, allowing us to reach hard-to-get energy resources, extract rare Earth metals without harmful strip mining, and quickly create transportation tunnels thanks to our ability to move earth quicker.


*Images are computer generated demo versions.


We have tested and proven our ability to drill holes 5X faster and at a lower cost than other conventional drilling applications. We are also developing the technology to 3D map subsurface geography, utilizing our continuous micro-impacts to easily locate deposits using a sonar-like process.


THE PROBLEM


Today’s geothermal wells are expensive and can’t compete with wind and solar 


Because wind and solar are intermittent, geothermal is the future for clean 24/7 baseload power. Today’s geothermal drilling, however, is fundamentally too slow and thus too expensive to realize this future.

THE SOLUTION


Our enabling technology can make geothermal more affordable


HyperSciences' vision is to reduce the cost of installed geothermal wells by greater than 50% while also making them quicker to drill. The HyperCore engine, which powers our HyperDrill, is an enabling technology that can make these wells competitive with other renewable sources of power. 



THE MARKET


Tens of billions of dollars in addressable market


By building a platform technology company, HyperSciences has a leg-up when it comes to market cap, allowing us to pursue the tens of billions of dollars represented by the drilling, tunneling, mining and hypersonics markets. Learnings in each business vertical help improve our overall platform technology. We see significant market opportunities across several markets where we intend to compete:


The Geothermal Energy market, expected to be valued at more than $112B by 2032 (Source), is of paramount importance to the US government, but the cost of drilling is prohibitive. To quote a recent government report on geothermal drilling technologies: 



(Source)


We have plans to leverage our technology into the global mining and hypersonic technology markets, which presents opportunities across three massive markets. 


The Underground Mining Market is expected to grow from $15 billion - $30 billion by 2028.

The market size for mining drills and breakers averaged $11.90 billion in 2020 with a CAGR of 10.3%. New IoT and automation is expected to reach $26.07 billion in 2028 at a CAGR of 10.3%. (Source) The total global market for explosives is expected to grow from nearly $23.8 billion in 2017 to $31.2 billion by 2022 with a compound annual growth rate (CAGR) of 5.6% for the period of 2017-2022. (Source) Applying the factor of 12% of global production of hard rock mining and tunneling is attributed to underground operations using explosives, we see this factored addressable underground explosives market at $2.85B growing to $3.7B. (Source) (Source

OUR TRACTION


Validated by Fortune 500 companies and NASA


The key to our success has been building customer confidence through smaller demonstrations of our technology. In 2019, we completed aerospace testing with NASA. Since then, we’ve been conducting HyperDrill field trials for Shell and other major corporations under NDA. These demonstrations allow us to stair step our technology towards many applications, including a geothermal future. 

OUR LEADERSHIP


Experienced leadership with a proven track record


Our engineering and advisory team is composed of experts in aerospace, hypersonics, geology, energy and mineral drilling, robotic automation and machine learning, and business. The broad team possesses the deep technical knowledge and business acumen needed to realize this revolutionary technology.





Bold (⌘B)

Offering Summary


Company

:

HyperSciences, Inc.

Corporate Address

:

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

Offering Minimum

:

$9,992.16

Offering Maximum

:

$3,941,022.60

Minimum Investment Amount

(per investor)

:

$495.72











Terms


Offering Type

:

Equity

Security Name

:

Series B-2 Preferred Stock

Minimum Number of Shares Offered

:

1,028

Maximum Number of Shares Offered

:

405,455

Price per Share

:

$9.72

Pre-Money Valuation

:

$104,006,352.24











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") - HyperSciences t-shirt

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

$50,000 (“Platinum”) - All of the above, plus a 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
$1,389,875.00 USD
$1,445,232.00 USD
Cash And Cash Equivalents
$222,237.00 USD
$269,049.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$2,658,500.00 USD
$1,721,285.00 USD
Long Term Debt
$0.00 USD
$239,227.00 USD
Revenues And Sales
$2,020,000.00 USD
$365,000.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$2,019,458.00 USD
-$2,196,072.00 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

HyperSciences is hosting an investor update webinar!

3 days ago

Want to learn more about the opportunities HyperSciences sees in geothermal? Join CEO, Mark Russell for an investor webinar on Thursday, May 26, 2022 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 

REGISTER HERE



HyperSciences passes the $100k investment threshold!

6 days ago

HyperSciences doesn’t just smash rocks with our projectiles. We’ve also smashed the $100,000 investment threshold!

Notice of Material Change in Offering

26 days 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:


Issuer is extending the campaign and updating their financials per the 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.

Last Call To Join Our Live Investor Webinar

about 1 month ago


I’m excited to share that we’re having a live investor webinar tomorrow. Seats are filling up quickly, but there’s still a spot left for you. 

Reserve it now

This is a unique chance to learn more about how we’re propelling a sustainable future forward with advanced rock-breaking tech that accesses geothermal power 5X faster than traditional methods at a fraction of the cost. 

Find out what investing in HyperSciences could mean for your portfolio. Join me tomorrow at 11:30 AM PST (2:30 PM EST).

Sincerely,

Mark Russell

CEO at HyperSciences

HyperSciences is hosting an investor update webinar!

about 1 month ago

Want to learn more about the opportunities HyperSciences sees in geothermal? Join CEO, Mark Russell for an investor webinar on Thursday, April 14, 2022 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 

REGISTER HERE

Show More Updates End of Updates

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