Using Technological Innovation to Stop Wheel Theft

Project Overlord specializes in the creation and design of technology engineered to eliminate the global problem of wheel theft on various vehicle types. According to our research, there is no other company using this approach to stop wheel theft. 

RimTech uses state-of-the-art cellular and GPRS tracking technology to stop theft from occurring and to aid in the recovery of stolen wheels. If suspicious wheel movement is detected, the hardware embedded in the wheel causes an automatic alarm to sound and the vehicle's owner is notified through the app.

*The above graphic contains images of our beta app which is currently not available for general use.

RimTech also notifies the police and provides them with real-time tracking information on the wheel’s location, the make, model, year and color of the vehicle as well as a picture of the wheels. In addition, our technology, which has been well received by police departments around the world, allows authorities to prosecute cases for wheel and vehicle theft that have been difficult to prove in court; by creating a chain of custody between the wheel and the owner. 

*The above graphic contains images of our beta app which is currently not available for general use.

We are led by a strong team of advisory board members with experience as founders and C-Suite advisors in the Automotive, Mobility, Tire OEM, Big Data Analytics, Telematics, Military Sales, Scaling, and Toll Manufacturing arenas. Early investors include former NFL athletes Gary Stills from the Kansas City Chiefs and Eugene Reed from the Miami Dolphins. 

Wheel Theft is an Unaddressed Epidemic

While car theft has improved in recent years with innovative security measures, standard vehicles with alloy wheel theft losses continue to grow in staggering numbers. Post-market tires are some of the most popular automotive accessories, ranking second in theft after typical vehicle wheels. The more expensive the vehicle, the more expensive the wheels (Source).

Under the nomenclature of the FBI’s Uniform Crime Reporting (UCR) Program, “thefts of motor vehicle parts and accessories” are classified as “larceny-theft” (Source). Thefts such as motor vehicular, burglary and larceny-theft, such as tire and rim thefts, are considered “property crimes” (Source). Much like other automobile crimes, tire and rim theft are crimes of opportunity (Source). According to one U.S. County estimate, a spokesman for the Maryland-based Tire Industry Association estimated the value of tires stolen each year is at least $1 million (Source).

*Average cost estimated internally.

Wheel theft has shown to disrupt livelihoods, increase insurance costs, and damage vehicles. Dealerships are hit at an especially high rate, with wheels stolen off many of their vehicles at once. 

The main defense for wheel theft until now has been wheel locks. However, these 

have proven to be easily removed, rendering them essentially ineffective.

Global Enthusiasm for our Product

Currently, we have letters of intent for future orders from distributors globally that will increase our data revenue and sales revenue once the product is on the market. Also, we are in discussions with 3 (three) manufacturers to determine the best partner and fit for integration in all vehicles. 

*The above graphic contains images of our beta app which is currently not available for general use.

RimTech is patented in 43 countries, including the US, Canada, the European Union, South Africa, China, and Germany. Our apps and hardware are designed and ready for prototype builds. 

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Revolutionizing a Rapidly Growing Industry

The connected car solutions market is currently estimated to be valued at $9B and is predicted to reach at least $166B in sales by 2025 ( Source).

(Source)

Our closest competitor is the wheel lock industry, currently dominated by companies such as McGuard and White Knight. However, wheel lock companies are not direct competitors to Project Overlord as our patented technology provides a significantly different approach to wheel theft protection. 

*The above graphic contains images of our beta app which is currently not available for general use.

Solving a Massive Problem on a Global Scale

This is an opportunity to invest in a new, innovative technology built to stop a global problem with no current solution. According to our research, Project Overlord has no competitors that combine wheel antitheft and recovery in their technology. 

(Source)

Wheel theft is a multi-billion dollar problem, and RimTech is the solution. With a dynamic Advisory Board of C-Suite executives to lead the company to scale, and letters of interest, we are ready to make wheel theft a thing of the past (Source). 

Project Overlord's efforts for the next few years will be focused on expanding market share, launching new category lines and products, growing our distribution network, and continued research and development. We plan to have 7 new products launch in the next 5 years, including Fire (Motorcycles), Overwatch (18-Wheelers), Dash (Bicycles), Wolf (Farming Tractors), Yard Dog (Construction Equipment), Tandem (ATV's), and Coastal (Boats).