Introspective Power

Proactive Cybersecurity: Building the Future of Data Protection

Introspective Power

Proactive Cybersecurity: Building the Future of Data Protection

Broomfield, CO
Technology
Introspective Networks has developed a revolutionary, patented cybersecurity defense that is validated to remove all known network vulnerabilities for comprehensive, proactive privacy protection. Rather than trying to stop cybersecurity problems as they happen, our technology removes the opportunity for problems completely. We are several years into the development of SmokeNet, our in-market flagship product line, and we are currently marketing the second major version of the underlying technology.

$12,562

raised
23
Investors
$100M
Valuation
$3.40
Price per Share
$204.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
29
Days Left

$12,562

raised
23
Investors
$100M
Valuation
$3.40
Price per Share
$204.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
29
Days Left

Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

Rewards

Get rewarded for investing more into Introspective Power:

$200+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$200+
Investment
Insider Bonus
Introspective Power insiders receive 5% bonus shares.
$200+
Investment
Previous Backer Bonus
For any previous investors in Introspective Power, when you invest in this live offering you will receive an additional 10% bonus shares.
$500+
Investment
$500+
10% off one purchase of personal devices
$1,000+
Investment
$1,000+
15% off one purchase of personal devices
$5,000+
Investment
$5,000+
20% off one purchase of personal devices
$10,000+
Investment
$10,000+
SNAP1, 1 year service
$20,000+
Investment
$20,000+
SNAP5, 1 year service
$50,000+
Investment
$50,000+
SNAP5, 5 year service
$100,000+
Investment
$100,000+
Whole-Home SNAP device (pre-release version)
$200,000+
Investment
$200,000+
Whole-Home SNAP device (pre-release version) and Breakfast with the Founder at Dushanbe Tea House, Boulder, CO (provide your own transportation)

Reasons to Invest

  • Our innovative One-Time-Pad encryption is not breakable, even in theory, with zero known vulnerabilities.  
  • The May 2021 presidential executive order that pivoted the government from cybersecurity offense to defense, put us on the forefront of that change using our proactive defense approach to cybersecurity.
  • In addition to SmokeNet, our multi-patented flagship product, we have a number of new, patented products on their way to the market soon.






OVERVIEW


Removing the Vulnerabilities from Cybersecurity

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Introspective Networks' focus is on real, proactive cybersecurity measures for comprehensive privacy protection for individuals, companies, employees working from home, and national defense. This is cybersecurity reimagined.



Our company was formed in 2013 when our founder and T-CEO Anthony Thompson left Level 3 Communications to create a generic distributed framework for the Industrial Internet of Things. Just weeks later, the NSA leaks came out. It was clear that this was a ground zero event for the cybersecurity issues of the future, and served as a call to action for Mr. Thompson to pivot his new company to develop an updated approach to cybersecurity. 


To accomplish this, we have harnessed the power of One Time Pad encryption, the gold standard for encryption and the only known cipher that cannot be broken, even in theory. Using our patented Streaming Transmission One-Time-Pad Protocol (STOP) in combination with Moving Target Defense, we have created a new approach to cybersecurity with zero known vulnerabilities. 


Our approach is on the forefront of current industry trends. The May 12th, 2021 Presidential Executive Order pivoted the government from cyber offense to defense, marking an industry shift, and we believe we are well-equipped to become leaders in this change. 


The members of our team are industry veterans who have over a century of combined experience, handling multi-million dollar budgets and creating systems that controlled one of the largest telecommunications networks in the world, all while maintaining high availability services in computer science, telecommunications, and business. 


Join us as we build a more secure future for individuals, businesses, and our country. 

The Problem


Cracking Technology Has Caught Up to Cybersecurity's Lack of Innovation


Currently, most cybersecurity solutions seek to fix problems as they happen, without removing the opportunity for these problems to occur at all. 


This is because today's Advanced Encryption Standard (AES) is designed to be cracked, whether by Nation States or anyone else with the inclination and resources. Currently, there is ample evidence to show that nearly any Nation State, or anyone else with the inclination and resources, can create a cracking capability. In the 1990s and early 2000s, the limited power of computers created a barrier to entry to be able to crack complex encryption with commodity hardware. However, in the late 2000s, the advent of graphics processing, including single-instruction multi-data (SIMD) processors, made it so anyone could potentially create a cracking machine by adding these SIMD processors to graphics cards in the form of GPUs.


When the NSA leaks of 2013 occurred, it became clear that the AES was no longer providing adequate protection, as it had become standardized to the point that building a cracking machine based on its algebraic proof was quite possible.


Edge cloud computing has exhibited a major exposure and is being exploited in most ransomware attacks. As a result, cybersecurity for data in motion is close to non-existent. Without innovation in our approach to encryption, almost nothing can be done about the attack vectors in the network.


The Solution


Proactive, Defensive Encryption Technology

Introspective Network’s flagship SmokeNet products and services work by removing known network attack vectors through the combined use of two technologies: Moving Target Defense and our patented Streaming Transmission One-Time-Pad Protocol (STOP).


Moving Target Defense


SmokeNet uses Moving Target Defense to remove all network attack vectors, including recording. Using short and transient connections, MTD makes the originating port unknown while removing the threat of open leave for port scanning. 



Our patented Streaming Transmission One-Time-Pad Protocol solves the classic “key exchange” problem in a practical way, allowing an OTP to be used directly in the network. We believe this provides an unprecedented level of proactive protection, as OTP encryption cannot be broken. 



Privacy Protection that Works for Everyone


Our consumer products work as a drop-in replacement for traditional VPN services, but with much more robust security. Our hardware component ensures easy setup, as users are not required to install software or deal with complex configurations. 



Our B2B and Enterprise products work in the same way, but have the benefit of customization to fit the needs of individual businesses. By working within existing network architecture, we allow businesses to leverage the benefits of SmokeNet without making major changes to their existing infrastructure. Additionally, SmokeNet can be used over either public or private IP infrastructure. 


We manufacture SmokeNet devices for customers with businesses of all sizes. Our primary personal use device normally retails for $200 with COGS of approximately $75. The device requires a subscription to SmokeNet service, for which the customer pays $35 monthly or $350 annually. Enterprise customers pay higher monthly rates for similar devices used for employees who work from home, and they can also purchase rack mount equipment to protect their larger company networks. This equipment has a significantly higher price tag and we target a minimum of 60% gross margin.

Our Traction


Zero Vulnerabilities Based on Independent Assessments 
and Multi-Patented Products

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We believe our product is creating a new standard for cybersecurity. Multiple third party, independent assessments show zero network vulnerabilities. As far as we know, this is the first time that this has been achieved. 



We have over fifteen patents filed for our flagship products, most of them granted and on the way to the market through Introspective Networks' cybersecurity products. More patents are in various stages of development, getting ready to be filed. An investment in Introspective Networks is also an investment in our robust patent portfolio and our commitment to growing it. 

The Market


Innovation in a Crucial, Evolving Industry

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While state-of-the-art in its day, cybersecurity that utilizes technology such as AES-256, is largely outdated. AES-256 was a technological development adopted as a standard a lifetime ago in computing timeframes. These technologies are not as secure as they once were. 


We have designed SmokeNet from the ground up with bandwidth availability, modern processing power, and forthcoming attack methods in mind. 


Until recently, the US has been focused on offense capabilities of cybersecurity, which created an inevitable need to pivot to defense at some point. On May 12, 2021, an executive order was signed initiating this hard pivot to defensive capabilities, reinforcing our belief that our technology is crucial to the future of the government's cybersecurity. We believe that existing cybersecurity programs in the federal government are at odds with that Order, as they perpetuate the ongoing offensive capabilities.

Why Invest


Building the Future of Cybersecurity


Introspective Networks is driven by the mission of protecting our country's network data. Investing in us is an investment in your cybersecurity. 


Nearly a decade ago, we had the foresight to predict a future pivot to defensive cybersecurity. Now, we are seeing that come to fruition with the May 12th, 2021 executive order. In a few years, we envision Introspective Networks capturing a significant piece of the cybersecurity market while continuing to innovate in this space. 


With an impressive portfolio of patents, a flagship product with zero known network vulnerabilities based on third-party, independent assessments, and more patented products on their way to the market, we believe we are ready to lead the way into the future of cybersecurity. 


Join us as we prioritize proactive privacy protection for you, your business, and our country. 



Bold (⌘B)

In the Press

Newswatch TV

SmokeNet – A Secure Work from Home WiFi Hotspot

Offering Summary


Company

:

Introspective Power, Inc.

Corporate Address

:

11001 W. 120th Ave. Suite 400, Broomfield, CO 80021

Offering Minimum

:

$9,999.40

Offering Maximum

:

$1,069,997.00

Minimum Investment Amount

(per investor)

:

$204.00











Terms


Offering Type

:

Equity

Security Name

:

Series B Common Stock

Minimum Number of Shares Offered

:

2,941

Maximum Number of Shares Offered

:

314,705

Price per Share

:

$3.40

Pre-Money Valuation

:

$99,955,920.00











*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the President of the Company (the “President”), 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 President 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 President 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*

Previous Backer Bonus:

For any previous investors in Introspective Power, when you invest in this live offering you will receive an additional 10% bonus shares.

Insider Bonus:

Introspective Power insiders receive 5% bonus shares. 

Time-Based

Friends and Family - First 5 days | 15% bonus shares

Super Early Bird - Next 7 days | 10% bonus

Early Bird Bonus - Next 14 days | 5% bonus shares

Amount-Based:

$500+

10% off one purchase of personal devices

$1,000+

15% off one purchase of personal devices

$5,000+

20% off one purchase of personal devices

$10,000+

SNAP1, 1 year service

$20,000+

SNAP5, 1 year service

$50,000+

SNAP5, 5 years service

$100,000+

Whole-Home SNAP device (pre-release version)

$200,000+

Whole-Home SNAP device (pre-release version) and Breakfast with the Founder at Dushanbe Tea House, Boulder, CO (provide your own transportation)

*All perks occur when the offering is completed.

The 10% StartEngine OWNers' Bonus

Introspective Power, 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 Series B Common Stock at $3.40 / share, you will receive 110 shares of Series B Common Stock, meaning you'll own 110 shares of Series B Common Stock for $340. 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 canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the Previous Backer Bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

The Company will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$154,251.00 USD
$147,483.00 USD
Cash And Cash Equivalents
$2,678.00 USD
$4,022.00 USD
Accounts Receivable
$394.00 USD
$390.00 USD
Short Term Debt
$1,429,655.00 USD
$941,220.00 USD
Long Term Debt
$253,963.00 USD
$343,410.00 USD
Revenues And Sales
$92,314.00 USD
$612,529.00 USD
Costs Of Goods Sold
$75,176.00 USD
$157,676.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$461,620.00 USD
-$306,773.00 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

Introspective Networks Receives New Patent Grant for Entropy Expansion

1 day ago

Introspective Networks has received a new patent grant for cryptographically secure entropy expansion. Entropy is a concept in physics where things become chaotic. Consider the temperature in a room. If one measures that temperature to a fine enough level, say 20 decimal points past the integer value, that value is changing so quickly that it is chaotic. This is an excellent source of true random. Another source is the glow of a lightbulb after it is shut off. Those are electrons leaving the light tube. Once the electrons leave the light tube, they float in an unpredictable way. If you measure the lumens at discrete locations, you can generate a lot of entropic data very quickly. 


This patent solves two crucial problems for using a One Time Pad in a network:


  1. It allows enough cryptographically secure randomness to be created to enable STOP/SmokeNet to be used widely.

  2. It solves one of the general problems around using a One Time Pad in a network - the randomness or streaming key material has to be as long as the data itself.


To this last point, the argument goes that you need to send as much as you are receiving making it impossible to ever keep up. Earlier versions of STOP were using standards-based encryption to encrypt this data getting around the problem somewhat as Moving Target Defense, which has been proven to remove all network vulnerabilities, was the technique really protecting that Key Stream.


With this breakthrough, we removed questions about securely transmitting the entropy as well as rebuked the question surrounding having to send the same amount of key materials as the data. By expanding the key material in a cryptographically safe way, we now can actually use a One Time Pad to encrypt the key material itself. Since that key material is not used directly, having it does no good without understanding the expansion method. We can also recursively expand the entropy making a virtually unlimited amount expanded random from a modest amount of initial entropy. 


This is a huge breakthrough that further removes arguments against using a One Time Pad directly in a network. Introspective now owns the IP on this concept. 

The US Government Move to ZTA

6 days ago

The US government is moving to Zero Trust Architecture. This comprehensive article from the Center for Strategic & International Studies confirms the fact this is not an if but a when. Networking has to move from an Offensive mindset (VPN, Algorithmic Encryption, encryption on a device, …) to a purely defensive one. SmokeNet, based on our market analysis, is still the only purely defensive capability available. There are two separate SmokeNet tests being conducted by the federal government at the time of this writing. These tests are ongoing, validating SmokeNet is ready to be added to the mix for Zero Trust Architecture. These tests are hitting the six month mark.


Networking, especially across the public Internet is foundational for ZTA. If SmokeNet had been in place, the SolarWinds attacks would not have been possible or, at the very least, easy to clean up. SmokeNet creates a truly secure private network using public or shared infrastructure. This move to ZTA is going to kick off in the 2023 budget year. That starts on October 1st for the US Federal Government. 


INVEST

What is a Next Generation Private Network?

13 days ago

You have been hearing about VPNs, or Virtual Private Networks, for a long time. At Introspective, we started our foray into secure networking thinking we were creating a better, more secure VPN. As our innovation progressed and the patents began to roll in, we realized that we had much more than a VPN on our hands. Indeed, more than a year before some of the big VPN companies started touting Next Generation VPN, we at Introspective coined the term "Next Generation Private Network", as well as its associated acronym, "NGPN". 


Here are a few NGPN characteristics:

  • NGPN has no known network vulnerabilities based on third party assessments

  • NGPN is “plug and play” with no user configuration to be concerned with.

  • NGPN is hardware based following the principles of Zero Trust Architecture

  • NGPN encryption is not crackable; even in theory.

  • NGPN protects the endpoint from cyberattacks - no endpoint firewall is required.

  • NGPN employs Quantum-Proof data encryption (not just Quantum Resistant)


If you are excited about what Next Generation Private Networks can do on the cybersecurity front, please INVEST today. As always, don't forget to share this campaign with your friends and fellow investors.


INVEST

Cyber Offense vs. Defense: New Article Published From Introspective’s T-CEO in GRC Viewpoint

15 days ago

Introspective Networks T-CEO Anthony Scott Thompson has a new article published in GRC Viewpoint focusing on the US switch from Cyber Offense to Cyber Defense. This is a business opportunity that positions Introspective Networks, frankly, a decade ahead of competitors. 

Early in the company’s founding, we met with the Director of the USAF 688th Cyber Wing. This is the civilian in charge of cyber security for the USAF and DoD at large. He was the first one to explain to us the difference between Cyber Offense and Cyber Defense. He also explained that the US Government and DoD were not that far off from pivoting to Cyber Defense and that we should stick with what we were doing. He liked the patents and expressed they were a worthy approach. 

The GRC Viewpoint article goes into how the US Government, at the dawn of the public Internet, was focused on Cyber Offense. From the Justice Department under Janet Reno to the recent interception and decryption of Signal text messages from the Oath Keepers, Cyber Offense has been obvious.

Click here to learn more about the history of the real reason why encryption standards are required to support Cyber Offense and how we are making a one-eighty to Cyber Defense through Zero Trust Architecture (ZTA). SmokeNet, using over 100 year old, proven, uncrackable encryption completely covers the network security required for ZTA. Consider investing now to help fund this transition with a technology that is market ready right now.


INVEST

Growth in the Cybersecurity Market

20 days ago

Introspective is very much a cybersecurity company. With its flagship product, SmokeNet, the company has made inroads with the U.S. Department of Defense, with a major U.S. telecommunications company, and companies interested in adding SmokeNet to their sales offerings for upcoming Zero Trust Architecture (ZTA) requirements. Increasing interest in our company and products brings to mind the overall cybersecurity market.

In 2017, Steve Morgan of Cybersecurity Ventures predicted that year's market to be worth over $120 billion and to grow by 12-15 percent year over year through 2021 (source), amounting to about $209.88 billion. While Morgan's prediction exceeded the 8-10 percent projected by other industry analysts, ResearchAndMarkets.com in July 2021 indicated a market size of $217.9 billion (source), even higher than Morgan's figure.

Estimates of the size of the global cybersecurity market vary widely. According to Mordor Intelligence, the market was $150.37 billion in 2021, with an expected CAGR of 13.37 percent to reach $317.02 billion by 2027 (source).

We are leveraging years of business development in both the U.S. Government public sector and private sector to attempt to increase Introspective's share of the market. With SmokeNet, we aim to be a critical component of network security. That said, if Introspective captures just one-tenth of one percent of the market by 2027, this could amount to hundreds of millions of dollars in annual revenue.

By investing now, you can help us move toward these goals. Don't forget to share this campaign with your friends and fellow investors.

Thank you for taking the time to follow our updates.


INVEST

How does Introspective Get Enterprise Equipment to Market at Scale?

27 days ago

Introspective has an OEM agreement with Hewlett Packard Enterprise (HPE). This agreement means that HPE will provide equipment to our specifications for the purpose of selling to Enterprise and other customers as SmokeNet equipment. We are also working with Unicom Engineering - a company that provides branding, configuration, and shipping services for Enterprise grade equipment.

These partnerships provide the ability to manufacture and deliver SmokeNet equipment without incurring the costs of building manufacturing and shipping facilities.

Creating technology and generating valuable Intellectual Property around it is our company’s focus. We have done the business development work to create a supply chain with best of breed companies to outsource work that is not part of our core competency. For many of our upcoming deals, we need cash reserves to prefund equipment purchases and builds. Your investment will help that cause. Please share this campaign with your friends and fellow investors.

Thank you for taking the time to follow our updates.


INVEST

New Patent Issuance

about 1 month ago

Introspective is proud to announce the issuance of the company’s 15th patent in its patent portfolio. The USPTO has notified us that they project the patent will officially grant on September 13th, 2022. This patent is for Entropy Expansion, which provides a major boost in the ability to transfer entropy while allowing that entropy to be protected by a One Time Pad. This significantly increases the security of the random entropy being used and brings us closer to perfect security.


Investing in Introspective means investing in our robust, growing Intellectual Property portfolio. To help Introspective Networks grow and maintain its IP portfolio, please make an investment and tell friends and fellow investors about this campaign.


Thank you for taking the time to follow our updates.


INVEST

New White Paper Publicly Available

about 1 month ago

Introspective is pleased to announce that a new version of our white paper, entitled "Using the One Time Pad for Zero Trust Networking" is now available to the public. This white paper goes into a level of detail about the underlying technologies that make up SmokeNet at a level that can be consumed by cybersecurity professionals as well as laypeople. 


Download and read "Using the One Time Pad for Zero Trust Networking" from our website and learn more about our flagship technology.


Once you've read the white paper, if you would like to be a part of helping move this important technology forward, make your investment and tell your friends and fellow investors about this campaign.


INVEST

Introspective Networks Updates SmokeNet SNAP1

about 1 month ago

What is the SNAP1? The SNAP1 is a USB device that connects to an open port on a laptop or smartphone and provides a SmokeNet protected connection through nearly any available WiFi network. This allows you to benefit from SmokeNet protection while on the road, whether at a restaurant, hotel, public library, or practically any other establishment.


Prior to now, the SNAP1 was required to be preloaded with credentials for WiFi connections the user might need to use. With development complete on a GUI for the SNAP1, users can now plug in the SNAP1, open the browser-based GUI, and select an available network. Then, the user simply enters the required credentials, if any, and the SNAP1 makes the SmokeNet connection and provides secure access to the Internet. The SNAP1 can also be used to connect to SmokeNet protected corporate networks.


This development advances a key feature that is necessary to make the SNAP1 easy to use for everyone. Please INVEST today and share this campaign with your friends and fellow investors.


Thank you for taking the time to follow our updates.


INVEST

Update on Progress with DoD

about 2 months ago

Yesterday, a DoD representative, with whom we are working on an existing contract, indicated that they have a broadly supported plan for how SmokeNet fits in with their Post Quantum Encryption testing. This appears to be good news, as they also mention that they will email an offer and requirements once authority and money have been delegated.


As a disclaimer, while this project has wide support, as of yet, it is not official and funding has not, as mentioned above, been delegated. We have worked with this representative for a significant period of time and, should an offer be made to add to an existing contract or initiate a new contract, our team is poised to rapidly fulfill any requirements.


As previously posted, Introspective holds an open SBIR Phase III sole source, non-compete contract for SmokeNet products allowing U.S. Government organizations to acquire SmokeNet. This contract has over $7M of cap space and will allow us to receive funds and start servicing needs very quickly. A new sole source/no bid contract, initiated as a result of SmokeNet's Phase III status, can also be created quickly. Please read our prior update on the six month anniversary of our current, first contract under SBIR Phase III. This email notification is from the same entity currently supporting the ongoing SmokeNet testing.


By investing now, you can be a critical part of our mission to secure data for both public and private sectors. SmokeNet is a purely defensive capability in line with the  May 12th, 2021 executive order (as well as subsequent orders and directives) moving the US to embrace Zero Trust Architecture. SmokeNet is the first known encryption utilizing a One Time Pad for generalized networking. A One Time Pad creates an unsolvable problem making it quantum proof (not just resilient or resistant). Not even a quantum computer can solve an unsolvable problem. 


We are encouraged by the DoD's continued strong interest in our company and our products. Please share this campaign with your friends and fellow investors. Thank you for taking the time to follow our updates.


INVEST

Nearing Six Month Mark for SmokeNet Contract with U.S. DoD

about 2 months ago

Introspective is happy to announce that we are nearing six months under contract with ALCOM for a multi-node SmokeNet system between Colorado and Alaska. ALCOM is a part of U.S. Northern Command, commonly known as USNORTHCOM. The contract was facilitated through the contracting team at Peterson Space Force Base. While this is the first direct purchase SmokeNet contract under the U.S. DoD (third overall), Introspective Power, Inc. has been servicing DoD contracts since 2014 with positive past performance. This contract is modifiable and allows Introspective to add other customers without initiating a new contract. It has already received one modification. The contract was also written under a regulation known as "FAR Part 13", which sets a cap of $7.5 million. While we do not have $7.5 million on the contract at this time, there is potential for multiple discussions that are happening to evolve into additional modifications, adding to the total contract value. This contract is non-compete as well so it cuts down on the time to add new task orders.


This contract was initiated as a result of our Phase III status, which allows U.S. Government organizations to purchase goods and services on sole-source contracts without the standard competitive bid process. The value and number of contracts under Phase III is unlimited under Federal Law. Our Phase III status was gained as a result of the completion of an SBIR Phase I contract. If you would like to learn more about how companies like Introspective benefit from Phase III status, you can learn more at https://www.sbir.gov/tutorials/data-rights/tutorial-4


Thank you for following our updates. Remember to share this campaign with your friends and fellow investors.

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