INVEST IN RIMTECH BY PROJECT OVERLORD TODAY!
RimTech is currently still in development and not yet available on the market.
Overview
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.
The Problem
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.
The Solution
RimTech is designed to send real-time notifications to the car’s owner if the software suspects suspicious wheel activity.
If it’s a false alarm, the user can press a button and disarm RimTech. If it’s an in-progress theft, RimTech automatically upgrades the alert and begins tracking, sending updates to the user and alerting the authorities of the make, model, color, and VIN of your vehicle, tire information and a photograph.
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Our technology is compatible with standard equipment on all current vehicles. RimTech integrates existing Tire Pressure Monitoring System (TPMS) hardware with additional technology such as an accelerator sensor, SIM chip, GPRS modem, RF Transmitter, and the ability to alert owners of wheel tampering and track the wheel’s location. The design of RimTech is what makes integration into all vehicle types and partnerships with auto manufacturers possible.
The TPMS hardware is embedded into the wheel, while the CPU-enabled head unit is safely locked away in the vehicle’s trunk. Both devices are sprayed with an EMI/RFI coating to prevent tampering by electromagnetic pulses.
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development not yet available on the market.
RimTech's hardware, applications, and backend technology have been designed from top to bottom by our India-based technology design team, made up of former engineers from Motorola and Qualcomm.
Project Overlord’s business model consists of sales through market-tested distributors and automotive dealerships of our in-tire TPMS unit, along with an accompanying trunk Head Unit controlled by our downloadable app.
RimTech also provides an incredible source for data driven revenue by providing information on vehicle owners to Big Data companies, auto dealers, insurance providers, OEM vehicle manufacturers, tire manufacturers, fleet managers, and more. RimTech also charges a subscription model for our monitoring services of $6.99 per month.
We expect our cost to dealers is $1,200 per dealer, for all on-lot vehicles. This gives the dealers peace of mind, coverage against mass theft of units, additional revenue sources with integration and aftermarket parts department sales as well as lower future insurance premiums. We plan for RimTech to be sold across all states or countries at auto parts stores, major box retailers, online tech websites, small mom and pop automotive shops, custom wheel shops, tire shops, dealerships, and direct from manufacturers in an OEM integration capacity.
With a first-strike fast mover advantage, we believe RimTech is perfectly positioned to become the go-to solution for wheel anti-theft and recovery for consumers, dealers, and fleet managers across the globe.
Our Traction
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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The press
Since our launch, we have received worldwide media coverage due to the demand for our technology. RimTech has been featured in publications such as CBS News, Bloomberg Radio, Innovation and Tech Today, and more:
*The above is a marketing video featuring a spokesperson and includes a rendering of a future product. Images are computer generated demo versions. Product is still currently under development not yet available on the market.
The Market
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.
Why Invest
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).
Project Overlord has developed an app-enabled wheel anti-theft and recovery system called RimTech that finally addresses the $17 billion global menace of wheel theft. RimTech is currently in the pre-market prototype stage, with patented technology providing unprecedented abilities to stop wheel theft and to track wheels after they are stolen.
Michael Fischer
Chief Executive Officer
David Snider
Chief Operations Officer
Rich Haddad
Senior Advisor Toll Manufacturing & Government Contracting
Crystal Jeffrey-Alexander
Senior Advisor Automotive OEM Manufacturers
Michelle Crockett
Senior Advisor Supply Chain & Global Logistics
As an advisor, Michelle advises on Global Supply Chain Operations, Logistics, Strategic Operations Planning, Performance and Growth Management and will support senior management balance short- and long-term needs to move Project Overlord from early growth stages through scaling. In addition to managing financial resources effectively and providing performance reporting, Michelle will help the team to document and execute a disciplined long-term plan to successfully grow. She will encourage collaboration and communication across all production disciplines, helping to define high level goals and the plan to achieve them. She will also work with all teams to identify and resolve competing priorities & dependencies to ensure that teams are focused on moving Project Overlord forward into the global marketplace.
Brenda Barta
Senior Advisor Aftermarket Automotive Sales
Jote Taddese
Senior Advisor Data Analytics
Jote Taddese is one of the top 10 experts in the world in Big Data, Analytics and IOT Enterprise Product Development
Jon Redmond
Senior Advisor Telematics & Retail Analysis
John Walsh
Senior Advisor Funding
As a Advisory Board member John brings a plethora of experience in strategic planning, fundraising and global relationships that expands Project Overlord's worldwide reach capabilities.
Tony Jones
Senior Advisor Strategy
Diana Bassett
Senior Advisor PR & Branding
Nick Thorne
Global Sales
With Manik 4x4, then joining Project Overlord to continue his love affair with the US and global aftermarket. Nick currently works part-time for Project Overlord.
Makarand Vairagare
Director of Technology
Makarand is focused and works on the Emerging and Innovative Mobile Technologies. Prior to joining Project Overlord, he has overseen the development of 100+ mobile applications & experiences for over 90+ clients in the mobile space working with mobile ISVs, OEMs and Wireless Carriers. Makarand currently works part-time for Project Overlord.
Gary Stills
Investor, Founder, Board Member
Terrence Gaskin
Founder, Board Member, Former CEO
Antoinette Gaskin
Founder, Board Member
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Project Overlord Systems Inc. |
Corporate Address | : | 8 Marketplace Suite 300, Baltimore, MD 21202 |
Offering Minimum | : | $9,999.22 |
Offering Maximum | : | $1,069,998.93 |
Minimum Investment Amount(per investor) | : | $249.48 |
Offering Type | : | Equity |
Security Name | : | Common Class A Shares |
Minimum Number of Shares Offered | : | 11,627 |
Maximum Number of Shares Offered | : | 1,244,185 |
Price per Share | : | $0.86 |
Pre-Money Valuation | : | $37,291,590.00 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Friends and Family Early Birds
Invest within the first 72 hours and receive 20% bonus shares
Super Early Bird Bonus
Invest within the first week and receive 15% bonus shares
Early Bird Bonus
Invest within the first two weeks and receive 10% bonus shares
$500+
Level I - Project Overlord Bronze
Become part of the Project Overlord (PO) Investors Club* + Exclusive Project Overlord T-Shirt + 3% bonus shares
$1000+
Level II - Project Overlord Silver
Become part of the Project Overlord (PO) Investors Club* + Receive an exclusive RimTech T-Shirt + 5% bonus shares
$2500+
Level III - Project Overlord Gold
Become part of the Project Overlord (PO) Investors Club* + an exclusive RimTech T-Shirt + Receive an exclusive Project Overlord Polo Shirt + RimTech Logo Hat + 10% bonus shares
$5000+
Level III - Project Overlord Platinum
Become part of the Project Overlord (PO) Investors Club* + Receive an exclusive RimTech Polo Shirt + exclusive RimTech T-Shirt + RimTech Logo Hat + Project Overlord 1/2 Zip Performance Pullover + 15% bonus shares + (1) Launch edition RimTech enabled product unit + Early Pre-Launch Beta App Access
$50,000+
Elite Level - Project Overlord Angel
Become part of the Project Overlord (PO) Investors Club* + Receive an exclusive RimTech T-Shirt + RimTech "NEXT LEVEL" Polo Shirt + RimTech Logo Hat + Project Overlord 1/2 Zip Performance Pullover + 30% bonus shares + Community Outreach Advisory Board Seat + (2) Launch edition RimTech enabled product units + Early Pre-Launch Beta App Access
$90,000+
Board Level - Project Overlord Advisory Board
Receive an exclusive Project Overlord (PO) "Board Member" Polo Shirt + Receive an exclusive RimTech T-Shirt + RimTech "NEXT LEVEL" Polo Shirt + Project Overlord 1/2 Zip Performance Pullover + RimTech Logo Hat + 50% bonus shares + Advisory Board Seat + (4) Launch edition RimTech enabled product units + Early Pre-Launch Beta App Access + (1) Future Launch edition 'NEXTUP' product enabled product unit (Either FIRE for Motorcycles or DASH for Bicycles)
*Project Overlord (PO) investors club: Monthly investor-facing news and updates, quarterly zoom seminar with directors and/or technology experts
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Project Overlord Systems Inc. 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 Class A Shares at $1.89 / share, you will receive 10 additional Common Class A Shares, meaning you'll own 110 shares for $189. 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).
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments.
08.29.22
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the RimTech by Project Overlord offering. Here's an excerpt describing the specifics of the change:
Issuer is extending campaign end date.
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.
08.01.22
Our founder Terrence Gaskin, has been named to the top 100 US Startup Tech Founders! After getting us started, Terrence Gaskin, is extremely honored to be included on a list of such accomplished individuals. His inclusion speaks to the technology of RimTech and its potential to revolutionize theft around the globe!
More coming!
Members get an extra 10% shares in addition to rewards below!
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Become part of the Project Overlord (PO) Investors Club* + Exclusive Project Overlord T-Shirt + 3% bonus shares
$1000+
Become part of the Project Overlord (PO) Investors Club* + Receive an exclusive RimTech T-Shirt + 5% bonus shares
$2500+
Become part of the Project Overlord (PO) Investors Club* + an exclusive RimTech T-Shirt + Receive an exclusive Project Overlord Polo Shirt + RimTech Logo Hat + 10% bonus shares
$5000+
(PO) Investors Club* + RimTech Polo Shirt + RimTech T-Shirt + RimTech Logo Hat + Project Overlord 1/2 Zip Performance Pullover + 15% bonus shares + (1) Launch edition RimTech enabled product unit + Early Pre-Launch Beta App Access
$50,000+
Project Overlord (PO) Investors Club* + T-Shirt + "NEXT LEVEL" Polo Shirt + RimTech Logo Hat + 1/2 Zip Performance Pullover + 30% bonus shares + Community Outreach Advisory Board Seat + (2) RimTech product units + Early Pre-Launch Beta App Access
$90,000+
(PO) "Board Member" Polo Shirt + T-Shirt + Polo Shirt + 1/2 Zip + Hat + 50% bonus shares + Advisory Board Seat + 4 RimTech enabled product units + Beta App Access + Future Launch edition 'NEXTUP' product unit
0/2500
Cancel anytime before 48 hours before a rolling close or the offering end date.
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