The Life Recovery Systems offering is now closed and is no longer accepting investments.

Life Recovery Systems

Rapid Emergency Body Cooling System

Small OPO
Alexandria, LA
Biotechnology
US Investors Only
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The Fastest, Safest, and Most Effective Non-Invasive Path to Therapeutic Hypothermia

Invest in Life Recovery Systems

Life Recovery Systems has created the ThermoSuit® System: a life-saving patient cooling system that provides the fastest cooling of any noninvasive device. Using the unmatched cooling speed of water immersion, we've created an easy, nurse-deployable system which cools an individual's life-threatening body temperature in about 30 minutes or less. This can help prevent brain damage, or even death, in cases of fever, heatstroke, drug abuse, and countless other situations.


Developed by Life Recovery Systems HD, LLC -- an independent company with offices in Kinnelon, New Jersey, and Alexandria, Louisiana -- the device consists of a disposable wrap and a computer-controlled pumping system.


Our revolutionary ThermoSuit has been cleared by the US Food and Drug Administration for marketing of the product in the US for patient temperature reduction where clinically indicated, e.g. in hyperthermic patients. Based upon preliminary data from laboratory studies and early clinical research, the ThermoSuit System has the potential to help over one-million US patients per year who suffer from critical conditions including cardiac arrest, heart attack, and stroke. 


Invest in Life Recovery Systems. With the money we raise from StartEngine, we'll be able to garner additional clinical studies of new indications, develop ThermoSuits sized to fit children and very-large patients, and enable cost reductions to expand the usage of this life-saving and important technology. 


Help us put the ThermoSuit in every hospital to ensure safe, cost-effective, life-saving technology reaches those in need.

The Offer

Investment
$9.57 per Class B Common Unit │When you invest you are betting the company’s future value will exceed $21.4M.

                                    

Perks

$500 — If you invest $500, you will receive 52 Class B Units.

$2,500 — If you invest $2,500, you will receive 261 Class B Units.

$50,000 — If you invest $50,000, you will receive 5,225 Class B Units.

$75,000 — If you invest $75,000, you will receive 7,837 Class B Units.

$100,000 — If you invest $100,000, you will receive 10,449 Class B Units.

Life Recovery Systems aims to save lives through the development of innovative medical devices for the emergency medical care market.

The ThermoSuit Can Save Lives

About 2,000 patients have been treated with the ThermoSuit System since its introduction. Users have reported outstanding cooling rates, patient outcomes, and safety. One hospital has tracked its results and found that the use of the ThermoSuit device was associated with a shortened length of stay and a reduced cost of care for patients treated.


With our groundbreaking technology, life-saving measures can be deployed quickly to bring the body down to cool temperatures safely before individuals are treated or transported to tertiary areas. While competitive non-invasive methods of cooling require 3 hours or more, we're able to cool patients to a safe therapeutic temperature of 90°F in 30 minutes or less. 


Our porous lining conducts the flow of water along the skin, which provides rapid cooling while minimizing chances of injury. Plus, our system includes a wrap, which incorporates inflatable chambers that form-fit the device to the patient, stabilizing the patient and minimizing the amount of water needed to cool the patient. 

Studies Show That Therapeutic Hypothermia Can Save Lives In Common Emergency Situations

Heatstroke

When core temperatures rise, caused by environmental conditions, or strenuous activities, immediate treatment can prevent brain damage, organ failure, or even death.


The ThermoSuit was identified as the most powerful cooling device in an independent clinical study of exertional heatstroke published in February 2017. The ThermoSuit was the only device that was able to sustain a cooling rate over 0.155C°/min, which is recommended by experts for treatment of heatstroke.


The above study can be accessed here.

Drug Overdose

An epidemic impacting thousands, drug abuse is a growing problem in the states and abroad. Some drugs, including cocaine and MDMA, induce high fevers that are difficult to manage and can be highly lethal.


Ice water immersion, as provided by the ThermoSuit, has been shown to be highly effective in treating drug-induced fevers. The ThermoSuit should be available in any hospital that is likely to treat victims of drug overdose, in order to save lives and prevent bodily damage.


An article discussing ice water immersion treatment of drug abuse victims is available here.

The ThermoSuit Is Life-Saving Technology

Published studies have reported that the life-changing effects of cellular damage, especially to the heart and brain, resulting from severe hyperthermia or oxygen-depriving injuries such as cardiac arrest, stroke, heart attack and more can be solved by reducing the body's core temperature to between 32-34°C through therapeutic hypothermia as facilitated by the safe and easy-to-use ThermoSuit. 

The ThermoSuit

  • Portable and easy-to-use on a stretcher
  • Pump draws warm water and heat away from body, replacing it with new cool water (cooling faster)
  • More rapid cooling process than either gel pads or cooling blankets 
  • Proven water-on-skin patient contact without the possibility of injury
  • Uses the tried-and-true properties of water cooling
  • Easy, nurse-deployable system
  • 30-minute session decreases body temperature by an average of 3-degrees celsius 
  • Porous lining for uniform fluid distribution
  • Velcro sealing for easy routing of patient lines in and out
  • Expandable gussets to accommodate a wide variety of patients
  • Unlike competitive approaches, patients remain cool hours after using the suit 

Patient Cooling Rate vs. Cooling Method (C° per hour)

Expanding to the In-Hospital Market

ThermoSuit Hospital Market Opportunity

* American Heart Association, American Stroke Association, Heart Disease and Stroke Statistics 2017 At-a-Glance.

Life Recovery Systems intends to expand its penetration into the market for in-hospital patient cooling devices. Studies show that rapid cooling is likely to improve the outcomes of patients suffering from the effects of heatstroke, cardiac arrest, traumatic brain injury, stroke, and heart attack. These indications amount to a potential annual market of over $2B (see the chart on the left).


Our work should furthermore lead to significant reductions in the costs of long-term care and financial support of the people who suffer catastrophic illnesses such as cardiac arrest, stroke, and heart attack. The ThermoSuit is essential in the recovery, affordability, and wellbeing of patients throughout the country. 

This Team Is Highly Trained and Qualified

The individuals who work at Life Recovery Systems appreciate the value of human life, lived with dignity and good health. We're dedicated to saving and improving lives. Each team member's experience is varied and diverse, ensuring we're able to work together to accomplish our revolutionary and ambitious goals. Our team includes medical experts, as well as experts in the fields of business management, biomedical engineering, regulatory and quality affairs, finance, and manufacturing. 


Together, we work to save lives and pioneer technologies that improve the medical world. 

Proven Success

"Our team at Rapides Regional Medical Center has been using the ThermoSuit System to cool patients for a number of years. Through the use of this device we have seen many patients whose recoveries both amazed us and warmed our hearts. We look forward to seeing the expanded use of this rapid cooling device as new indications are made evident through clinical studies."

John Giroir, M.D.

Emergency Department Physician

Rapides Regional Medical Center

“The cutting edge technology of the Thermosuit System distinguishes our program both in our market as well as within our state. Our use of the ThermoSuit System has both helped our patients and reduced our overall costs of care.  It was a significant contributor to our facility being recognized as our state’s top heart hospital and top 10% in the nation as reported in Louisiana Life Magazine”

John Hall

Director of Cardiovascular and Oncology Services 

CHRISTUS St. Frances Cabrini Hospital

"The ThermoSuit System enables our ER nurses to cool patients to target temperatures safely and accurately, usually reaching target in only about 30 minutes.  After initial cooling induction, patients are removed from the suit and target temperatures are easily maintained using standard cooling blankets or wraps. Clinical results have been outstanding – our critical care nurses are demanding that patients requiring therapeutic hypothermia be cooled before transferring them from the emergency department”

Carolyn Gattuso

APN Emergency Dept. & Cardiac Cath Lab Virtua Health

Life Recovery Systems So Far

Raised $13M in Angel Funding 

Garnered $1.3M in National Institute of Health Grants

Raising $1M for product cost reductions and studies

Here's Where We're Going

With the money we raise through StartEngine, we intend to make the ThermoSuit system more accessible to individuals across the country. 


In addition: 

  • We'll implement product cost reductions, making the product more affordable. 
  • We'll grow our product sales by strengthening sales and distribution infrastructure already in place. 
  • We'll expand our market by developing both larger and smaller ThermoSuits (for children and large adults).
  • We'll complete randomized studies of fast vs. slow-cooling methods. 
  • We'll pilot studies of stroke and heart attack patients to pinpoint the positives of the ThermoSuit. 
  • We'll establish a profitable business and broadened base of clinical evidence within the next two years enabling a possible acquisition of the ThermoSuit technology at a high valuation.


Let's get the ThermoSuit into every hospital. With your help, this fast-acting and affordable system could be available around the country to save and improve countless lives.

In the Press

Back from the Brink
February 10, 2009

This award-winning documentary interviews a patient who was treated with the ThermoSuit in a Canadian study (Note: FDA has cleared the ThermoSuit System as a thermal regulating system indicated for patient temperature reduction where clinically indicated, e.g. in hyperthermic patients).

Quick cooling ThermoSuit may prevent brain damage in stroke patients
June 27, 2017

Tulane researchers are testing rapid induction of therapeutic hypothermia as an investigational treatment for stroke (Note: FDA has cleared the ThermoSuit System as a thermal regulating system indicated for patient temperature reduction where clinically indicated, e.g. in hyperthermic patients).

Offering Summary

Maximum 11,180 Class B Common Units ($106,992.60)

*Maximum subject to adjustment for bonus units. See 10% Bonus below

Minimum 1,044 Class B Common Units ($9,991.08)


Company
Life Recovery Systems HD LLC
 

Corporate Address
711 Kimball Avenue, Alexandria, LA 71301
 

Description of Business
LRS invents, develops, and manufactures medical devices.  Our key focus is the treatment of patients suffering from severe hyperthermia and/or acute illnesses related to cardiovascular disease, such as cardiac arrest, stroke, and heart attack.
 

Type of Security Offered
Class B Common Units
 
Purchase Price of Security Offered
$9.57
 

Minimum Investment Amount (per investor) 
$248.82












The 10% Bonus for StartEngine Shareholders

Life Recovery Systems HD LLC will offer 10% additional bonus units for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date.  This means you will receive a bonus for any units you purchase.  For example, if you buy 100 Class B Common Units at $9.57 / unit, you will receive 10 bonus Class B Common Units, meaning you'll own 110 units for $957.   Fractional units will not be distributed and unit bonuses will be determined by rounding down to the nearest whole unit.

This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.

Irregular Use of Proceeds

Funds from this offering and other sources may be used to provide for expenses incurred for sale of the company. At this time there are no prospective buyers of the company and no anticipated costs in connection with seeking a buyer.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$198,953.00 USD
$230,859.89 USD
Cash And Cash Equivalents
$1,783.00 USD
$7,617.25 USD
Accounts Receivable
$0.00 USD
$23,199.66 USD
Short Term Debt
$159,391.00 USD
$213,147.59 USD
Long Term Debt
$3,024,616.00 USD
$2,771,254.79 USD
Revenues And Sales
$104,330.00 USD
$237,896.48 USD
Costs Of Goods Sold
$76,515.00 USD
$124,007.15 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$230,344.00 USD
-$133,511.87 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, Life Recovery Systems 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 Life Recovery Systems 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 Material Change in Offering

7 months ago

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

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


Life Recovery Systems HD LLC is extending their campaign.


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.

Notice of Funds Disbursement

7 months ago

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

Hello!

As you might know, Life Recovery Systems 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 Life Recovery Systems 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

9 months ago

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

Hello!

As you might know, Life Recovery Systems 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 Life Recovery Systems 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

The Sues' Story

9 months ago

Notice of Funds Disbursement

11 months ago

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

Hello!

As you might know, Life Recovery Systems 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 Life Recovery Systems 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

Amending our Securities Offering

12 months ago

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


Life Recovery Systems HD, LLC has extended their campaign and added their 2017 financials.


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.

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