When I went to the Air Force Association conference I was pretty amazed by the response by some very important generals and big prime contractors, but the proof of the pudding, I knew, would be in the follow up. We sent out emails, and the responses are already coming in to set up meetings. The enthusiasm I saw at the conference is real. I am still floored – but I guess I should not be, because our technology is a real game changer for so many in defense, and the need is so big. Let me explain why.

• The military right now buys a lot of bandwidth from regular satellite operators, a major expense, hundreds of millions – that we can help reduce, maybe by a lot.
• As Gen. Tata described in our webinar, operations are hamstrung all the time for lack of bandwidth. This is a real, warfighter need.
• Link 16 is a 1980s-vintage (but very common) technology that nevertheless the key for how the new inter-force JADC2 tactical communications will work.  Link 16 has data rates that are like dial-up. Information is typically passed at one of three data rates: 31.6, 57.6, or 115.2 kilobits per second (kbits/s). Are you kidding? Yes, that is kbps. And Link 16 is important enough that L3Harris, who we are talking to, is buying Viasat’s (whom we are also talking to) $400 million Link 16 business for $2 billion.
• More modern links, like the F-35’s MADL, require super high data transfer rates – again, Compaction can be a key technology and a great, software-only improvement.

So, to help the military get beyond data rates that were around in 1998 (You’ve Got Mail – seriously!) and for lots of needs, AtomBeam Compaction can be a major factor. Based on the responses I am getting from these defense primes and generals, I am more convinced than ever that we can be big in DoD.

• Charles

Greetings to our fans and investors (and combinations thereof)!

Sorry I have not been more communicative – but some interesting stuff to impart. Here we go:

We have been closely engaged with a blockchain company that we think will be a major force in that area. To be clear, this is not a crypto – they actually do not think crypto is a good idea. This is an extremely innovative blockchain company that has very interesting, potentially very powerful features, and see Compaction as a key part of their strategy.

They see us (as any blockchain company would as providing some key benefits:

1. We increase information density; a block encoded with AB could contain more transactions, likely 2x to 4x. This in turn has the following effects:
   1. The entire transaction will be faster
   2. Faster transactions generally will equate to cheaper transactions
   3. Less storage will be needed
2. We add security, a key issue for movement of data from origination to miners
3. Our encoded data is searchable, a key, key advantage we have over compression; this permits compacted data to be accessed much faster are with little computation compared to compression, and is fundamental to our use in blockchain.

And now an important announcement. This blockchain company, which I intend (with their agreement) to disclose in the near future, has signed a letter of intent to invest $5 million in AtomBeam as a component of a broader partnership. The valuation in the letter of intent would be at a substantial multiple to the valuation cap of the notes that were issued in 2021 under our Reg CF offering.  At present, the deal is scheduled to close by late July. It is important to note, however, that the letter of intent is non-binding with respect to the deal, and closing is dependent on a) the blockchain company raising its own funding and b) AtomBeam and the blockchain company completing mutual due diligence and executing definitive documents.

We are excited by the potential of this combination. We have many other projects and customer engagements in progress but this relationship/combined product could literally change the world. Stand by for more updates on this and other work we have underway.

And, as always, thanks for your interest and investment.

- Charles

Greetings to our investors! Some good news: we now have signed up Saab to undertake a proof of concept. It took a bit of time, given the holiday and the size of the company ($3+ billion) but we have now completed that phase and are moving into the engineering work. They are the nicest people I have ever dealt with in business, a great plus, as well as being excellent engineers and businesspeople.

Besides Saab, we are deep in engineering work with an even bigger company that makes networking equipment. They had been using our online lab to test datasets, getting the usual results (70%+ reduction) and expressing their doubts that such a thing was possible. So, now they have an evaluation copy of the AtomBeam software mounted on their servers internally and are getting similar results, which we knew they would, of course. They have used the word “shocked” more than once, evoking a satisfied grunt from our engineers. Testing is continuing.

We also have a prospective customer that is partially owned by one of the major satellite operators that has completed testing and who is negotiating pricing and a licensing contract. Our hope is that while that company is not big themselves, its influence with this satellite operator is such that we open the door to much more opportunity with that big company as well as its customers if we can onboard this prospective customer. For many users who pay by the bit they send over satellite, AtomBeam can be a major savings. Moreover, in many cases they have no security, a problem for them, and as we know AtomBeam does add security to data. It all adds up to some strong potential with satellite data.

Final thought on customers. As most of you know, blockchain technology is as hot as it gets, despite the hammering crypto has been taking of late. The key there is speed and security of transactions. We likely add both, and are attracting interest from the blockchain crowd. Nothing I can share as yet, but we will see.

We have more activity, but as I have said recently, we are now ultra-focused on getting a few customers on board, and are making good progress in getting there. Stand by for more activity.

• Charles

Hello to all you AtomBeam fans out there! As promised (with fingers crossed) we have some pretty cool news. AtomBeam was awarded a POC by Saab, the $40B Swedish aerospace and defense company (they don’t make cars anymore, BTW). I have talked in the past about our entering a competition that was held in Sweden by a science park there that was sponsored by four large companies. Saab was the top prize, in my opinion – not to suggest that the others would not be great “gets”, but Saab was the biggest company there (the others were a division of Toyota that makes forklifts, a Siemens spin-off, Siemens Energy, and a major Swedish maker of farm equipment). We won a POC from Saab, of course. 

 https://linkopingsciencepark.se/indx2021-the-chosen-four/

The competition was pretty intense at the end. The other startups included some excellent technology and management teams with strong technical and presentation expertise. We were impressed and honestly did not know if we would win as the proverbial envelopes were opened – the final group was very strong. I am very proud of the team and the quality of our effort, but in the end, the engineers and data scientists who were on the line with us were very excited about the possibilities of our technology. We could potentially solve some longstanding issues for them. The initial testing will be in military aircraft telemetry and other data transfer challenges involving airplanes. They want us to set up the testing in their lab (they need to test classified data) and they have plans to make it available for many uses. Cross your fingers – this could be a very good thing for AtomBeam.

• Charles

Hello to all of our investors and followers!

Things are really going fast – I know I keep saying that, but they do!  Anyway, here is the latest.

• We are working almost daily with the big satellite operator I had mentioned on other occasions to get them onboard.  A slow process, as the first customer of a software/middleware product is inevitably. The good news about that, though, is the process involves adding us into a kind of software integration platform that they and other companies use to simplify adding satellite capabilities to devices. Once that is done, we can pitch the other companies that use the same integration platform.

• I mentioned before that we had been accepted into another accelerators that was focused on space tech, Starburst/Scale, which is sponsored by big aerospace companies and UCLA. I have to say that this one is very good – they really focus on the key things we need to sort out. For example, one of the things that we are doing now is a go-to-market reassessment. We are very focused, as I think everyone knows, on satellite data, and that is operationally where we need to keep plugging away for now. When we can get over the hump and get some customers we need to be ready to move on some more markets, or at least one market. One that is being urged on us is bioinformatics, which fulfills the key criteria that we have established:

1. A need for a technology like ours has been identified and solutions are being actively sought;
2. The players in the market have deep pockets and are willing to put up money and resources to help them solve the problem, and;
3. The investor community recognizes that whoever brings a solution to the problem has something of significant value.

Bioinformatics checks all of those boxes. With many markets, while we bring a lot of value to the table, in some cases very major impacts, we need to get over the question in the first bullet, that is, have they even thought about whether a potential solution to something they have accepted as a given reality could even exist. Compression and its limitations have been around forever, and everyone knows them, and so the idea that there could be a way, other than by batching, to reduce IoT files is just not even considered. So when we show up and explain that the world has changed, they first need to absorb the idea and then think about the potential impact on their use case. Which takes time, needs a budget and so forth. This is not to say that it doesn’t work as a go to market, but it is a lot faster and easier to move forward with a company that recognizes it has a problem and is actively searching for a solution. To approach bioinformatics, however, we need to gear up and be ready with a demo specific to their use case and with deep knowledge of their requirements. Not a small order but with a bit of time (and money, of course) we can do it.

• I am not sure how big of deal it is, but we have been accepted into the second round of selections for the LG Nova Mission of the Future Challenge, which would be great if we get it. They give you money, engineering help, a lot of good stuff. Cross your fingers. I am told that we look really good but the key is whether someone at LG wants to sponsor us, which is a bit of a crapshoot – not related to whether we have good tech, just whether a unit of LG happens to be looking to solve an issue. I will let everyone know what happens there.

• We are still working on our USAF contract. We engaged a government/intelligence/DoD insider to get more targeted in our approach and to augment our very senior level contacts. We have interest from several commands at present and I think we have a good shot. The award would not be for months, though – that is how these things work.

• We just hired a new, high end software developer in California. He looks to be very promising and will contribute right away when he starts in a few weeks. It is hard to hire good talent in this area now and we are happy to get him. He is very excited about our product and wants to be part of revolutionizing IoT data.

That is all for now. I don’t feel that I have conveyed how incredibly busy we are right now. So much time goes into working on prospects that it is hard to convey a good sense of the day to day, but believe me, it is 100mph right now. Keep the positive thoughts coming!

• Charles

I would like to let everyone know that we were just accepted in another accelerator - SCALE by Starburst, which is affiliated with UCLA and is based in Los Angeles. Many major firms and primes in aerospace have offices or headquarters in L.A. County, including Northrop Grumman, Boeing, Lockheed, Raytheon SpaceX, Aerojet Rocketdyne, Virgin Galactic, as well as leading service and analysis companies like Aerospace Corp. Given our focus on satellite communications and defense applications we think this represents a good opportunity; SCALE is very enthused about our participation and promise to make a bunch of introductions.  We are apparently getting around; the head of the SCALE organization reached out to Asghar and to me personally to ask us to apply.

I will let everyone know how it goes. If they do what they say they can, I think this could be a good source of introductions for us.

- Charles

Hi everyone!

Well, that was pretty darn successful. When we started this journey I was hopeful that we would raise $300K in funds committed. Beat that by 800%!+!

I want to thank every one of you who have put up your hard-earned money that is the fuel we need to succeed. AtomBeam investors and team members are on the same page. As Archimedes said, If you give me a lever and a place to stand, I can move the world. With capital (more will be needed over time, of course) and the AtomBeam technology, we have what we need. This is more than a better way to deliver groceries or a new and improved drone - it is not a better anything, but an entirely new something. I know you all get that.

So what happens now? Pretty simple: the StartEngine people do the work to finish up the administrative part, and I can communicate using this "update" process. As I mentioned elsewhere, we will at some point move to Carta for communications, but for now this will function well. I normally provide updates quarterly but will also post whenever I have some interesting news. I am not sure yet how the communications work going the other way but I will post here when I figure that out.

Thanks again for your confidence in us. I will keep you apprised of developments. 

- Charles

There are only a few hours left to invest in the only technology on the market that is going to change the way data is transmitted and stored!

As we come to an end in our raise, we strongly encourage you to join the 1200+ people who have committed funds to our equity crowdfunding campaign on StartEngine.

There is power in numbers!

Your investment is critical to our continued growth, and we look forward to closing out strong with you.

Warmly,

Charles Yeomans

CEO

AtomBeam

It’s the last day to invest in AtomBeam – the next generation of data storage and retrieval.

We’re giving you one last chance to get in on this ground-breaking technology revolution before it's too late!

Atombeam’s patented technology will assure a competitive advantage for years to come. 

The future of data is now.  

Invest in AtomBeam on StartEngine. 

At the suggestion of the U. S. Department of Commerce, we applied to a program sponsored by four big companies in Sweden: Saab, Vanderstad, Siemens Energy and Toyota Materials Handling. We were among 10 companies chosen from a field of 57 in a process managed by Linkoping Science Park in Sweden. The goal of the program is to connect these companies with promising new technologies developed by startups. We are hopeful we will get one or more paid proofs of concept with these companies. Here is a quote from the selection letter:

We will prepare good presentation materials, involve operational staff within the industrial companies' organizations - and jointly co-create really sharp and relevant feasibility study projects that can go all the way to funded POCs.

Pretty good to get selected. More evidence that we are on to something. We are already working with them now - nice folks, very professional  

JUST HOURS LEFT TO GO!

- Charles