INVEST IN FLOWER TURBINES TODAY!
*As described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion
Offering Circular | Selected Risks Related to this Offering | Flower Turbine's SEC EDGAR Page
For more information on Flower Turbines, Inc. download and review the Offering Circular. The Offering Circular should be reviewed before making an investment decision.
Reasons to Invest
“Beauty combined with aerodynamic innovations that change the market for small wind.”
They picked companies using the criteria a venture capitalist would use to evaluate an investment. Here is a link to the site and here is an explanation of what it means from a venture capital point of view.
We believe this Reg A round of fundraising will accelerate our sales and growth so that we can achieve that prediction.
The Problem
We believe there are two major problems preventing the small wind sector from heading toward the trillion-dollar mark.
Typically, low noise and high efficiency do not go together as most small wind solutions have to compromise on one of these two fronts. As a result, this makes them unusable for most areas where people live and work.
Additionally, there can be problems including the safety of birds, physical appearance, and cost-effectiveness. The aerodynamic interference of one turbine with another means they have to be widely spread, resulting in lower cost-effectiveness in settings where most people live and work.
Until now, in our view, smaller wind turbines have not provided a viable solution.
Another global problem: The growth of e-bikes is limited by the charging infrastructure.
The Solution
Flower Turbines has addressed the problems of the past with technology improvements. The turbines have less turbulence, more efficiency, and work together in a way that no one thought vertical axis drag-type turbines could. We are also disrupting the market by combining them with a beautiful design that makes people proud to own them.
In the illustration below, red is the highest velocity, blue is lowest, the wind comes from the left, and this is a horizontal slice through the middle of the turbine with the shaft in the middle. Note that as the wind enters the turbine and reverses direction in order to hit the second blade as well (call it two for the price of one!), the illustration reaches “red” speed in the middle. The higher the effective speed when the wind hits the blades, the more energy the turbine produces. The red area of increased speed to the side of the turbine shows why the cluster effect works.
This is a huge advantage for Flower Turbines in places where space is limited—close to people, buildings, and parking lots. And it accompanies solar beautifully, because using both together means energy during more of a daily and seasonal cycle, thereby saving on costly battery storage.
*This image is an example of one of our models.
We have an additional product line of on and off-grid e-bike chargers, some of which are powered by our wind turbines.
The Market
The expected revenue from the small turbine sector is projected to reach $400M in 2024, growing 42.5% in just five years. This level of growth is expected without factoring in the effect of our product entering the mass market.
The market report states the following:
"The global Small Wind Turbines market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 17.4%% in the forecast period of 2020 to 2025 and will expect to reach USD 316.7 million by 2025, from USD 166.6 million in 2019." Flower Turbines is clearly in a high growth market and has the opportunity to increase the size of that market and its growth rate by specifically targeting the underserved markets of the location close to people and close to or on buildings because of the combination of quiet and efficiency.
We believe our technological improvements to small wind will eliminate some of the past barriers in the industry, allowing us to contribute to further market growth. With these changes, we think that small wind can grow on a similar trajectory as solar.
Additionally, Solar PV experienced large growth while being in the public domain. But only Flower Turbines can produce a Tulip thanks to our Intellectual Property.
Bloomberg predicts that wind and solar will power half the world's grid by 2050 and receive $9 trillion of investment. We hope Flower Turbines will be part of that. Additionally, Flower Turbines has entered the exciting market of electric charging, one of the top trends in cleantech.
Our Traction
In our decade of development, we have had success in pitching our design and product to investors and accelerators all over — we were one of the 3% chosen to participate in Dreamit Venture's first Urbantech Accelerator, we were among the winners of the US-China Innovation Forum contest, were chosen by PortXL Rotterdam as one of the 20 companies out of 1000 for investment and we won the 2019 Energy Award in the Netherlands.
We have demonstrated the successful execution of the benefits of our ‘cluster effect’ and recently started the manufacturing. In addition to this, our achievements speak for the power of our technology.
Won an innovation loan from Rabobank, a vote of confidence from a top bank in Europe
Acquired and developed a product line of wind-powered electric bike charging stations
Set up a manufacturing supply chain close to our entry market for the EU
Won a national competition in the Netherlands, whereby a city is paid to buy one of our turbines
Chosen as one of the top 45 inventions in the history of Israel (the technology was developed there before incorporation in the US)
Set up our own small wind tunnel and research facility in Rotterdam
Won contracts and a tender in the Netherlands.
The charging station market depends on sales of electric bicycles and scooters. A recent report from Deloitte estimates that 300 million electric bikes will be on the world's roads by 2023, which is 50% more than in 2019.
With more sales in process, we are also planning manufacturing and development in the US. As of September 2020, we have signed a contract for the development of our own brand of motors and we are also developing our own brand of charge controllers. These initiatives will result in components that fit our demands exactly and lead to lower costs.
What We Do
The last round of funding enabled us to develop our team and high-quality supply chain in the EU, with mostly Dutch manufacturing. With this next round of funding, we’ll be concentrating on expansion particularly in the NorthEast region of the US, and manufacturing in the Midwest.
We also believe in our part in saving the planet by creating technological improvements that will make our products useful choices. Our goal is to provide 5% of electric power in most major markets within 20 years. If we can achieve mass production through this next funding round, we will try to achieve a growth trajectory similar to that of solar.
*Images are computer generated demo versions.
The Business Model
Our technology enables a new model in small wind. The fact that we can cluster the turbines means a small wind farm sales model, which is cheaper for the customer. Now, a mall or school building can have 100 turbines on their roofs or in their parking lots—the same on a lesser scale with residences.
As Flower Turbines grows, it plans to sell not just turbines, but also electricity. We believe, from our own assessment, the US commercial market alone is a total potential market of $225 billion and the residential market is another total potential market of $50 billion.
We have also diversified our revenue generation through our electric bicycle charging product line. This enables us to sell products in non-windy areas and where the grid electric price is very low.
*Images are computer generated demo versions.
Flower Turbines is creating partnerships that will lead to new markets for our turbines. Here is one current proposed partnership using wind and solar together for greener transportation.
How We Are Different
An indication of the efficiency of our Flower Turbines is that they are able to begin generating electricity at a wind speed of just 1.2 m/s (industry standard is 3 m/s). This conclusion is based on testing data in a low wind environment.
If you were to place our turbines next to the average competitor with 3 m/s wind, the large model Tulip will already be producing 30 Watts of electricity as the competition is first beginning to rotate.
The carefully crafted design of the Tulip is so aerodynamically efficient, it is actually able to take the wind entering the turbine, reverse its direction, and point toward the second blade at a higher speed than the initial wind outside.
Pictured below is Dr. Farb at a contract signing after Flower Turbines won a tender from a city in the Netherlands
*This video contains images of a working demo model of our product.
The Vision
We believe in our part in saving the planet, not by asking for subsidies, but by creating technological improvements that will make our products useful choices. Our goal is to provide 5% of electric power in most major markets within 20 years. That is a significant goal and a significant impact on the planet.
Fulfilling our business plan requires an up-front investment, but we believe that the quality of our products and demand for more will result in potential growth once people become acquainted with first installations.
*Images are computer generated demo versions.
Our Team
Working under Dr. Farb is a team of project managers, professors, and engineers with decades of expertise in design, startups, wind energy, electronics, and sustainability.
Why Invest
Our first $1 million enabled Flower Turbines to expand patents and engineering and begin with manufacturing several sizes and versions, to expand its product line to the fast-growing segment of electric vehicle charging, and to develop a critical team mass in the European market. The second funding round allowed us to move into an upward sales trajectory and work on manufacturing. This third funding round is aimed to move us into profitable operations and develop a critical mass in the US market as we did in Europe.
video
Additional Videos:
Dr. Farb, CEO, speaking at the US Congressional Office Building
Installation in South America, showing how the birds avoid the turbine
One of the advantages of investing in Flower Turbines is a strong protective portfolio in multiple countries. All is owned, assigned, or licensed to Flower Turbines.
PATENTS WITH PCT NUMBERS
IB10/052334
Title: 2-Bladed Vertical Axis Turbines
EU: 10780138.3, granted, entered in:
- Switzerland/Liechtenstein
- Germany
- France
- Great Britain
- Ireland
- Italy
Australia: 2010252559, granted as 2010252559
India: 9614/CHENP/2011, granted.
US: 13/322,578, granted as 9,255,567
Israel: 216596, granted as 216596
Canada: granted as 2,800,765
IB2012/053567
Title: VARIABLE DIAMETER AND ANGLE VERTICAL AXIS TURBINE
US: 14/232,629, granted as US20140167414
China: 201280034861.0, granted as CN103649530B
Japan: 2014-519681
IL2015/050537
Title: Vertical Axis Turbine Clustering
US: 15/310,770, granted as 10330086
EU: 15796413.1
China: 201580026019.6, granted as 2019052700130810
Brazil: 112016026981-0
IL2017/050969
Title: ROOFTOP WIND TURBINE FLOW IMPROVEMENTS
US: 16324720
China: 201780055226.3
PCT IL2019/051172
Title: Savonius Wind Turbine Ratios, not yet in national phase in PCT countries
In national phase in Argentina: P190103382
US Provisional Patent 63023969
Vertical Axis Wind Turbine Blade Connections
More Patents in Planning Stage
TRADEMARKS
Flower Turbines: US serial number: 86328894, EU: 018027912
Turquoise/green flower turbines logo—granted in US, Serial #number 86329027, in EU: granted as 018028119
Flower Power, US serial number: 86349230, granted
Bitulip: U.S. serial number: 86349235, granted
Tritulip: U.S. serial number: 86349236), granted
Tulip Power: EU: 018180058, US: 88773467
Wind Tulip: EU, 018028120, granted
Charge To Go: US, 88800033, granted
COPYRIGHTS
All small vertical axis wind turbine components of “Eco-Art”, granted with registration number VAu-1-311-252
Metallic Tulip straight middle, curved outer edge, granted with registration number VAu 1-377-424
Vertically symmetrical Tulip Turbine, granted with registration number VAu 1-377-423
Rounded Nubbin on Wind Turbines, 1-8817985821
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. 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. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
Flower Turbines has created sleek, innovative, and efficient small wind turbines—with the goal to make those turbines the foundation of a large global renewable energy company. We are already expanding into e-bike charging. Join us as we scale up!
CEO of Leviathan Energy, 2008-present. The Leviathan Energy group consists of related renewable energy companies, and is on hold while the majority of his time is spent working on Flower Turbines. A strong believer in the importance of ecology and an avid hiker.
Education:
National Science Foundation Innovation Corps program (US). Completed November 2017.
Course Series: Executive’s Guide to Patent Strategy, Summer, 2011 and 2012, Herzliya, Israel, taught by Finnegan law firm and the University of Haifa
1999-2001: Courses at UCLA School of Business and Management, a program in International Trade and Commerce. Partially completed.
1997, Anderson School of Management, UCLA, Los Angeles, CA, a degree in Executive Management.
1978-1982, Boston University School of Medicine, Boston, MA. M.D., elected to Alpha Omega Alpha honors fraternity
1976-1977, Special Student in Science, Yale University, New Haven, Conn. An additional year of science courses after graduation.
1972-1976, Yale College, New Haven, Conn. B.A., English Literature, cum laude. Set an academic record in Yale's history by taking eight courses (double the average load, and including two senior research projects in English and Psychology along with science) in one semester and receiving all A's.
Work Experience:
2006-present, Founder, CEO, creator of most of the intellectual property, Leviathan Energy, a group of renewable energy companies in Israel and the US with innovations in a variety of wind, water, wave, and underwater turbines. Leviathan Energy Hydroelectric and Leviathan Energy Wind Lotus (predecessor of Flower Turbines) won the prestigious Eurogia label for its work. Two wind companies won second (Leviathan Energy Wind Lotus--an Israeli company that pre-dated Flower Turbines, and which put the first small wind turbine on the Israeli grid) and third place in the Israel Cleantech Open 2010. 2011: Small wind invention (the Tulips) featured at Bloomfield Science Museum in Jerusalem as one of Israel’s top 45 technologies. Exhibit on it still present. Flower Turbines LLC was located at the Long Island High Tech Incubator at Stony Brook University in 2013. Though he works for Leviathan Energy, this has been put on hold while Flower Turbines remains his primary job.
2005-2006- Patent writer and consultant with an intellectual property law firm in Ramat Gan, Israel.
1999-2005, CEO, UniversityOfHealthcare.com , and UniversityOfBusiness.com, e-learning companies for management and healthcare training.
Dr. Farb is a thought leader in the area of renewable energy. Here is an excerpt of him speaking in the Congressional Office Building in 2015: https://youtu.be/V69ZMDa9HJk
He was also chosen as one of the 2021 innovators in the Impel program run by the Department of Energy and Livermore National Laboratory for Building-integrated Wind Turbines:
Ed Day
Consultant Project Manager: Gov Sales and Grant Writer
University of Tennessee, 1972.
*Active participation in this designated role is subject to certain milestones which the company has not yet reached. Until these milestones are reached, Ed Day participated in a part-time consulting capacity and will resume once those milestones are reached.
Contributing time since 2017.
Roy Osinga
EU Director of Flower Turbines Subsidiary
Anurag Purwar
Consultant Mechanical Engineer
Mr. Purwar works with Flower Turbines as a Consultant.
Irakli Baitish
Consultant Mechanical Engineer
Mr. Baitish works with Flower Turbines as a Consultant.
Milan Adamovich
Consultant Mechanical Engineer
Mr. Adamovich works with Flower Turbines as a Consultant.
Beth Liu
China Market Advisor
Arthur Bayzer
Engineer and Product Manager
Michael Rubino
Sales
Marco Poeth
Project Manager
Bharat Srinivas
Mechanical Engineer
Laurens Mengerink
Charge Controller Development
James Boyle
Electrician
Yasmine Berrag
Marketing
Pieter Gommers
Electrical Engineering
Robert Winters
International Project Manager
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Flower Turbines Reg A+ 2020 |
Corporate Address | : | 240 Central Ave., 1J, Lawrence, NY 11559 |
Offering Minimum | : | $9,940.00 |
Offering Maximum | : | $17,290,000.00 |
Minimum Investment Amount(per investor) | : | $560.00 |
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 142 |
Maximum Number of Shares Offered | : | 247,000 |
Price per Share | : | $70.00 |
Pre-Money Valuation | : | $61,727,000.00 |
11.16.22
I am thrilled to announce that the Solar Impulse Foundation will launch its landmark Solutions Guide for Cities on November 14th at 1500-1600 CET during a virtual side-event and as part of the official COP27 side events program of the European Commission.
As Flower Turbines is a Labeled Solution featured in the Solutions Guide for Cities and considering our recent collaboration that is one of the 180+ case studies to inspire climate action, it is my pleasure to invite you to Solar Impulse Foundation launch event: Prosperity and Protection of the Environment: How can cities unlock the opportunities of the ecological transition? Join us online for a highly engaging panel discussion live from Sharm El-Sheikh, with speakers including Lisbon Mayor Carlos Moedas and Thomas Osdoba, Programme Director of NetZeroCities. They will share insights and discuss best practices into how cities can reduce their environmental footprint through the deployment of clean and efficient Solutions. Register at https://app.swapcard.com/event/eu-side-events-cop27/planning/UGxhbm5pbmdfMTA1MjgxNA==
Join Flower Turbines in energizing the small wind power revolution. You can read about its unique technologies and reserve shares in its upcoming Reg A+ Tier 2 offering at https://www.startengine.com/offering/flowerturbines. And you can buy or reserve products at https://flowerturbines.com/store/. If you are in the EU, you can buy by quotation with our staff at support.eu@flowerturbines.com Outside of that, contact support.us@flowerturbines.com for a custom quotation.
NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE OFFERING STATEMENT HAS BEEN QUALIFIED BY THE SEC. ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME BEFORE NOTICE OF ACCEPTANCE GIVEN AFTER THE DATE OF QUALIFICATION. AN INDICATION OF INTEREST INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND. "RESERVING" SHARES IS SIMPLY AN INDICATION OF INTEREST.
10.18.22
Flower Turbines CEO Dr. Daniel Farb will be interviewed on Henry Ford's Innovation Nation with Mo Rocca on the morning of Saturday, October 22, to speak about the development of his small wind turbine company.
Henry Ford’s Innovation Nation (HFIN) is an Emmy-winning educational program that airs weekly on CBS nationwide. HFIN celebrates science and the inventor’s spirit — from historic scientific pioneers throughout past centuries to the forward-looking visionaries of today. Each episode tells dramatic stories behind the world’s greatest inventions and the perseverance, passion, and price required to bring them to life. Show time is dependent on local CBS affiliates.
09.29.22
I wanted to share with you this beautiful photo of the largest size turbines now being installed in the Netherlands for a shipyard.
09.26.22
For those of you who missed our ribbon cutting (some of you came!), here it is on local news: https://www.kcbd.com/2022/09/13/flower-turbines-inc-makes-lubbock-home/?outputType=amp
09.22.22
Startengine sent us the following information:
Hi Daniel. Happy to help out here.
I believe there is some confusion here on the investor side. Investors currently have 2 separate dashboards (one where they can see their purchases and one where they can see what is in their StartEngine Investment Account. The dashboard that shows their purchases will not update to reflect the split. This dashboard shows what they purchased on the day they purchased it and does not change.
To see the split, they will want to go to secondary.startengine.com, click on their name in the upper right-hand corner, and then select "My Dashboard" from the dropdown menu. I attached some screenshots below.
I have attached an example of what these 2 dashboards look like in an account that purchased a total of 43 shares (now 430 after the split).
If you still have people that believe the split is not reflected in their StartEngine Investment Account, please send them our way or let us know so we can investigate. Please let me know if you have any questions.
09.09.22
We are ribbon cutting our new manufacturing and assembly facility in Lubbock, Texas. Here is your invitation: https://www.eventcreate.com/e/
07.15.22
07.13.22
Our new US manufacturing already has a celebrity client. After using our turbines for charging batteries during their most recent US concert, the band Coldplay is taking them on their European tour. Click here to see our turbines on German TV: https://www.zdf.de/nachrichten/heute-journal/coldplay-oekologisch-auf-welttournee-100.html
Here is a photo from the setup in their US tour:
07.08.22
Here is our latest arrival, a CNC machine costing $100,000 used, at our Texas facility. When we have this in operation, we will be able to reduce the cost of our simpler parts dramatically and outsource only the more complex parts. We already have a new shop technician working for us. We are making lots of progress in our US development plan
05.27.22
To our investors and followers,
Flower Turbines continues to make engineering advancements. We have filed three provisional patents on wind turbine electronics in the last few months and are trying to make important innovations in small wind electronics just as we did for aerodynamics.
The goal is to produce a high-efficiency power electronics controller that will serve both as a battery charge controller, as well as a buffer between the turbine and a solar grid-tie inverter. Our engineers have designed and assembled electronics to improve efficiency and are in the process of testing and data collection.
Flower Turbines is also testing a small generator and charge controller under development for the past year.
Flower Turbines has also selected and acquired equipment for future electronics development and testing including soldering equipment, power supply, electronic load, current clamps, and multimeters.
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Invest $5,000 and receive 20% Bonus Shares.
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