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The global laboratory supplies market was estimated at $32.6 billion in 2021, growing at a CAGR of 7.5%. (source)
The REUZEit platform is already used by some of the largest life sciences companies in the world. REUZEit franchises are a copy-and-paste scale plan to serve the thousands of international locations operated by our multi-national clients. Franchises bring in new clients in new regions too.* REUZEit started two franchises* already, in the Netherlands (in 2019) and the UK (in 2020), and we are ready to scale.
*Franchises are owned by 3rd parties, not owned by REUZEit Inc
At REUZEit, we manage surplus equipment in life science and pharma companies, enabling them to “reuze” their own equipment through our net positive, sustainable service and technology.
With boots-on-the-ground, we pick up excess equipment from virtually anywhere, making it easy for companies to recondition and redeploy equipment or sell it for capital recovery. By selling our clients’ excess equipment on consignment, our clients earn more money than all our provided services cost combined, making REUZEit a financially sustainable vendor, and our clients are motivated to expand our program within their organization with no net cost, according to our internal research.
By blending circular economics and surplus assets together, we believe we bring value to the biotech and pharmaceutical industry, the environment, and shareholders alike.
The Problem & our solution
We think manufacturers tend to focus on ‘next generation’ equipment instead of recovering surplus assets. In our view, this may lead to billions in valuable assets depreciating in off-site storage units, or worse, simply sent to a landfill.
We are here to put these assets back to work, profitably and sustainably. That's why the REUZEit platform captures and delivers access to its upstream and downstream customers in the life science and pharmaceutical industries. This allows for high-value resell and confident redeployment of surplus equipment.
Our turn-key Surplus Asset Management system provides pickups, storage, reconditioning, redeployment, capital recovery and much more. On top of that, our integrated software provides clients with transparent reporting and sustainability KPIs (source).
Our published white paper shows our clients that our SAM program is 99.7% more effective at reducing GreenHouse Gas equivalents (GHG or C02 kg eq/prod ) by reusing instead of replacing equipment they already own. (source)
The cost of the program is paid for the equipment REUZEit recovers and sells for our clients.
REUZEit earns $1 per year for every $2.50 of value in our warehouses.
Franchises and Scalability: (A franchise is a branch owned by 3rd party, not REUZEit Inc.)
The Market & our traction
The global laboratory supplies market was estimated at $32.6 billion in 2021, growing at a CAGR of 7.5% (source). With 6.5% of the market for lab equipment being reused, REUZEit estimates the current addressable market of used lab equipment to be $1.3 billion dollars globally (source).
Plus, we don’t think our competition has boots on the ground as we do. Based on our recent traction, it seems that REUZEit users know that too.
3 of our clients under contract are on the list of the world’s 15 largest Biotech companies
We think companies using REUZEit may gain a competitive advantage in organic productivity, supply chain relief, and more. That’s because REUZEit acquires equipment at near zero cost, selling them at attractive prices by resetting market rates, all while reducing global greenhouse gas emissions, in our view.
Continuing this mission to meet new demand, we will use funding to build the team, increase brand awareness, expand IT, and operational infrastructure necessary to achieve our growth objectives. Now is the time to get in on the ground floor of blending circular economics and surplus assets together - invest today!
REUZEit (pronounced “Re Use It” ) started in 2010 and incorporated in 2014, serving large organizations in the Life Science and Pharmaceutical Industries. REUZEit is currently in the market with our asset lifecycle service, and we are building what we believe is one of the world's largest B2B circular economic platforms to manage technology's most valuable scientific and pharmaceutical equipment.
Chief Operations Officer
Chief Strategy Officer
Chief Sustainability Officer
Director, Global Business Development and Client Services
Senior Program Manager
Maximum Number of Shares Offered subject to adjustment for bonus shares
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
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Members of REUZEIt’s Loyalty Bonus are eligible for additional bonus shares.
Friends and Family Early Birds
Invest within the first 5 days and receive 20% bonus shares.
Super Early Bird Bonus
Invest within the first week and receive 10% bonus shares.
Early Bird Bonus
Invest within the first two weeks and receive 5% bonus shares.
$500+ | Tier 1
Invest $500+ and receive access to private investor newsletter.
$1,000+ | Tier 2
Invest $1,000+ and receive access to private investor newsletter + 5% bonus shares.
$2,500+ | Tier 3
Invest $2,500+ and receive access to private investor newsletter + 5% bonus shares + Invitation to software launch party.
$10,000+ | Tier 4
Invest $10,000+ and receive access to private investor newsletter + 10% bonus shares + Invitation to software launch party.
$25,000+ | Tier 5
Invest $25,000+ and receive Access to private investor newsletter + 15% bonus shares + Invitation to software launch party.
$50,000+ | Tier 6
Invest $50,000+ and receive Access to private investor newsletter + 20% bonus shares + Invitation to software launch party + Tour of Headquarters with one of the founders + Temecula wine country experience, includes one night stay.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
REUZEit 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 Common Stock at $0.80 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $80. 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 in addition to the aforementioned bonus.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
Landfill is no place for excess high-value equipment, according to REUZEit, who facilitates redistribution: Over 3,5 million kg of equipment was saved from the landfill by just one REUZEit client over the last few years. Instead, the equipment was redeployed, resold or recycled, facilitated by the R
Members get an extra 10% shares in addition to rewards below!
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