ONE SKI AT YOUR CONTROL FOR ALL CONDITIONS.

INVEST IN VERISPELLIS TODAY!

Verispellis is a high-tech, active ski and snowboard platform that allows the user to “tune” ski performance based on weather and snow conditions and performance objectives. We believe we are creating one of the first major technology innovations since parabolic skis and deeper side-cuts in the 90s. With three patents, a fourth patent underway, and a 4th generation prototype, we anticipate targeting commercial introduction for the 2022/2023 ski season.
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This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Verispellis

Reasons to Invest


  • We have created one of the first pairs of skis / snowboards instrumented with digital, electronics & metallurgical technology to change physical performance characteristics on demand.
  •  The global ski gear and equipment market was valued at around $1.22 billion U.S. dollars in 2018, and was forecast to reach about $1.74 billion U.S. dollars by 2028 (source). 
  • Led by an experienced team with previous exits and deep industry knowledge.




Overview


Cutting edge skis and snowboards


Verispellis aims to revolutionize ski and snowboard technology - using digital, electronics, and metallurgical technology.


*The above is a rendering of a future product. Images are demo versions. Product is still currently under development not yet available on the market.


It all began when two Boston area medical professionals joined forces to explore the possibility of applying shape memory alloys - a cutting-edge material used in medical devices (source) - to ski and snowboard technology. 


*The above is a rendering of a future product. Images are demo versions. Product is still currently under development not yet available on the market.


Also known as Nitinol, this material helped to create a pair of our “shape-shifting” skis and snowboards. Because of its flexible properties and basic structure on a molecular level - Nitinol can respond to changes in temperature. Perfect for something often so unpredictable like snow and weather.


With this, we think Verispellis may be the most innovative concept since shaped skis were developed in the late 80’s early 90’s (source).


*The above is a rendering of a future product. Images are demo versions. Product is still currently under development not yet available on the market.



The Problem


Ski technology has changed very little over the past few decades


Weather conditions change hourly and in this day and age, we think skis should be made to adapt to these conditions.


We feel we will bring skiing and snowboarding into the twenty-first century. Not only by incorporating this cutting-edge material, but going even further by connecting them to smartphones.



The Solution


Introducing a paradigm shift in snow sports


We believe Verispellis will bring innovation to the winter sports market by offering skis with variable torsional stiffness and rocker, plus added vibration control – all from the tips of one’s fingers.


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


Here are the specs behind our game-changing  technology:


  • Instrumented with digital, electronic, & metallurgical technology to change physical performance characteristics on demand
  • Ability to control skis and/or snowboard characteristics via any smartphone
  • IoT component to connect skis and/or snowboard to the internet
  • Built in sensors to provide live skiing / boarding performance data to user
  • Ability to collect data lake on ski performance, mountain/trail conditions, and weather for analytics and future monetization
  • Ability to digitally customize ski mechanics to match user ability and performance demands


These shape memory alloys change the physical properties of skis and snowboards on demand -  all via a smartphone app.


*The above graphic contains images of our beta app which is currently not available for general use and a rendering of a future product. Images are demo versions. Product is still currently under development not yet available on the market.


That means the skier or boarder can adjust the stiffness of their ski or snowboard based on changes in the snow condition or type. By inserting Nitinol in key locations of the ski or snowboard, and modulating the stiffness of the Nitinol sheets via a Bluetooth connection and mobile application - the entire performance of the ski or snowboard can be changed in a matter of seconds. 


We do this by utilizing the Internet of Things (IoT) capability through inclusion of sensors to collect live usage data.


*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.


We will use a royalty-based business model from top 3 manufacturers, as winter sports are our initial market focus. That means...

  • Limited engineering professional services
  • Low capital requirements 

The Market


Skiing is trending upward 

The global ski gear and equipment market was valued at around $1.22 billion U.S. dollars in 2018, and was forecast to reach about $1.74 billion U.S. dollars by 2028 (source).



Not to mention…

  • Alpine Touring Backcountry is experiencing significant growth (source)
  • There is a 75% Growth in Pass Sales at Vail Resorts from  2021 to 2022 (source)


We believe we will have a first mover advantage in incorporating this level of technology into winter sports, so you could say we think we are miles ahead in the competition. 

Our Traction


Let's get ready for the 2022/23 ski season

Our current Active Control System version and prototype skis are mature enough to complete industrialization to be commercially ready for the next ski season.


Here’s how we got here:



We already have collaborations in place, and are working to partner with one major ski/snowboard brand for co-development.


So far, people are raving about our skis:


**Tim Petrick & Arman Serebrakian are paid-partners of Verispellis

Why Invest


We think snow sports technology is about to make significant strides


And we anticipate being a part of that change. 


Our vision is to have an exit strategy through sales/licensing, making our technology available through major brands in the industry.


Until then, we plan on using this raise towards the development of consumer-ready products, our marketing campaigns, industry demos, and cultivating industry relationships.


*The above graphic contains images of our beta app which is currently not available for general use and a rendering of a future product. Images are demo versions. Product is still currently under development not yet available on the market.


We are experiencing a renewed interest in snow sports, where people are rushing back to the mountains (source, source) - join us as we align with this renewal and bring a technology-enhanced product to the market.


Invest in Veripellis, and invest in the potential future of winter sports.

 



ABOUT

HEADQUARTERS
8 Pleasant St. S, Unit D Lower Level
NATICK, MA 01760
VALUATION
$12M

Verispellis is a high-tech, active ski and snowboard platform that allows the user to “tune” ski performance based on weather and snow conditions and performance objectives. We believe we are creating one of the first major technology innovations since parabolic skis and deeper side-cuts in the 90s. With three patents, a fourth patent underway, and a 4th generation prototype, we anticipate targeting commercial introduction for the 2022/2023 ski season.

TEAM

Edward Rodriguez

Edward Rodriguez

CoFounder, Treasurer & Director

I am an orthopaedic trauma surgeon and a biomedical engineer by training. I have been collaborating with Ara professionally for over 3 decades, and this project is an example of our collaborations that has spilled out of our work and into something that we both like, skiing. I believe that we are on the cusp of introducing cutting edge technology into the world of snow sports to make the sport even more enjoyable and safer for all.

Tim Petrick

Tim Petrick

Product and Industry Advisor

Tim Petrick has had a pretty epic ski career. From ski instruction, to the PSIA Demo Team, to Powder Magazine, to Aspen, to K2, to Booth Creek, to K2, to Rossignol, to K2, to Silverton…… You get the idea, Tim has done it all and most of it, at the corporate executive level. He provides key insight and advice to the company on both product stand industry sides.

Kevork Hamparian

Kevork Hamparian

Product Engineer

Kevork is the company's lead engineer working on product design and testing.

Arman Serebrakian

Arman Serebrakian

Product Advisor

An Olympic Alpine skier, Aram has been an advisor with the company since our earliest days. He has been instrumental in testing of our skis and providing expert insight. 

Per suneby

Per suneby

Business Development Advisor

A seasoned tech industry executive, Per has served in many C level and other management roles in the Greater Boston startup scene, He is a strategic thinker and a great resource for advice on business development.

TERMS

Verispellis
Overview
PRICE PER SHARE
$17.14
DEADLINE
Dec 8, 2022
VALUATION
$12M
AMOUNT RAISED
$56,554.81
Breakdown
MIN INVESTMENT
$257.10
MAX INVESTMENT
$999,999.02
MIN NUMBER OF SHARES OFFERED
583
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
58,343

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

Verispellis Skis + Snowboards, Inc.

Corporate Address

:

8 Pleasant St. S, Unit D Lower Level, NATICK, MA 01760

Offering Minimum

:

$9,992.62

Offering Maximum

:

$999,999.02

Minimum Investment Amount

(per investor)

:

$257.10











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

583

Maximum Number of Shares Offered

:

58,343

Price per Share

:

$17.14

Pre-Money Valuation

:

$11,998,000.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below. 


Investment Incentives and Bonuses*


Time-Based:

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 a 10% bonus shares.

 

Amount-Based:

$500+ | 15% off Skis + Merch

15% discount on a pair of Verispellis Skis (when available) + 1 Verispellis Ski Hat

 

$1,000+ | 20% off Skis + Merch

20% discount on a pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

 

$2,500+ | Bonus Shares + 30% off Skis

3% Bonus Shares + 30% discount on a pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

 

$10,000+ | 10% Bonus Shares + Skis

10% Bonus Shares + 1 free pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

 

$25,000+ | Ski with an Olympian

15% Bonus Shares + Ski with Alpine Olympic Skier Arman Serebraian + 1 free pair of Verispellis Skis signed by Arman & Founding Team (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

 

Audience-Based:

 5% bonus shares for previous investors and kickstarter backers


The 10% StartEngine Owners' Bonus

Swiss Precision 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 $17.14 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $1714. 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 and the Audience-Based bonus in addition to the aforementioned bonus.

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: Inter company debt or back payments.

ALL UPDATES

10.28.22

You know you're doing something right when Bodie Miller tries to emulate your work

We are beyond flattered to see Bodie starting to think along the same lines that we have been doing for the past four years. As a matter of fact, you can combine art and science to make skis that perform as enjoyably on east coast hard pack and west coast powder, and everything in between. We have been calling it WulfKore(tm) technology, a nod to our werewolf, shapeshifting vision. We harness the power of engineering to provide the feel of a great run, no matter where you are, on the same pairs of skis. 

Modify torsional rigidity? CHECK

Modify ski rocker? CHECK

Record your ski run 6 degrees of freedom data? CHECK

Competition? CHECK MATE



10.26.22

Click - Unclick

The battery pack clicks and unclicks easily from the base with one swift motion. Now, you're armed with a fully powered pair of smart skis that adjust to your liking. 

Another excellent reason for you to invest in Verispellis,

Verispellis Skis - Video

10.25.22

Damping much??

Did you know that Nitinol is an excellent damper at baseline? as if Nitinol wasn't cool enough, this feature comes in very handy to reduce ski chatter in all the right places for a more enjoyable run.  The placement of Nitinol in the shovel of our skis allows for the reduction of unwanted chatter. Moreover, the control box in front of the bindings happens to sit on top of the ski's natural frequency node, which makes the run on the skis more pleasant. The level of stability and the absence of unwanted chatter are truly amazing when skiing on hard-pack snow with the skis on.

Another great reason for you to invest in Verispellis,

10.21.22

The Box that Does it All

We have gone through a number of iterations to get to the current format for the box, which houses the electronics, the IMU sensors, and the batteries in a well-designed and low-profile design. One can easily remove the batteries for charging and click them back in when ready to go. The sleek and light-weight box contains the "brains" and the power for our smart skis, designed for ease of manufacture, cost-effectiveness, and seamless integration onto the skis.

Another excellent reason for you to invest in Verispellis,



10.18.22

Investments by our Insiders

We're excited to see our community come in and invest in Verispellis

Our Insiders have invested $5,828 into the offering to date!

We hope you join in as well! Invest in Verispellis Ski + Snowboards as well,

10.18.22

The App that Makes it all Work

The app plays a key part in the design of our skis.  The app, communication through bluetooth with the skis, enables the skier to control the skis by reading temperature data from the skis and triggering a change in the Nitinol material phase. Moreover, the app receives data from embedded IMU sensors in the skis that provides key skiing info to the skier about their runs, without the need to wear special insoles in their boots or anything else.  This data can provide the skier with excellent feedback about their runs and areas that they can improve upon, or to gauge their performance in different settings. They can also get other data on their runs, such as speed, vertical drop, ski time... and communicate with friends.

Another great reason for you to invest in Verispellis,

10.17.22

How we get the Nitinol to Change Phase

We have talked about the magical properties of Nitinol and how changes in temperature can cause the material to change its mechanical properties. How we accomplish this is by using very thin heaters (almost 0.5 mm thick) to heat the surface of the thin Nitinol plates. Once the metal gets heated a few degrees, it goes through a phase shift, where its molecular structure changes, as shown below.  This molecular change results in increased stiffness of the plates and, subsequently, the skis. The shape of the Nitinol plates is such that they affect the torsional stiffness of the skis when heated.

Another excellent reason for you to invest in Verispellis,


10.11.22

Gauge your Ski Performance

Our skis have built-in sensors that record your skiing motion in 3D space.  This data will allow you to assess your runs without the need to wear any instrumented insoles.  It also allows combining your 3D motion data with snow and weather conditions per trail and other factors to offer a comprehensive evaluation of your experience.  

Another great reason for you to invest in Verispellis,

10.07.22

Change Your Ski Rocker by 4 Inches

The other cool feature that we have developed is the ability to change your ski rocker.  This means you can change the ski length by 4 inches or so with the push of a button. This allows one to change the radius of curvature and also be able to "float" over powder easily with the tips up.  All done so stably and with little effort.  We think this is a really neat addition to skis that can help you enjoy skiing even more.

Another great reason for you to invest in Verispellis,

10.06.22

Modify Ski Torsional Stiffness by 20% - from your Cell Phone

This sounds crazy, but this is exactly what we thought of when we started to think about this.  That was 4 years ago.  We were thinking about using the same skis to navigate different snow conditions with just as much fun.  We have spent 4 years of hard work to sweat equity to make this concept a reality.  Our latest skis have been designed to do just that while looking aesthetically pleasing, adding as little weight to the skis as possible and making them easy and cost-effective to scale. I cannot describe the feeling when I skied two runs on our first fully functioning pair of skis down Upper Blast at Mount Sunapee, one at baseline and one with the skis activated. Same trail, the same conditions, the same skier, yet a world of difference between the two runs.  That was a truly exhilarating moment to see a few years of hard work pay off in such as satisfying manner. We hope all skiers get to enjoy our technology as much as we do.

Another great reason for you to invest in Verispellis,










Owners bonus
Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Verispellis.

$246.00

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.

$500.00

$500+ | 15% off Skis + Merch

15% discount on a pair of Verispellis Skis (when available) + 1 Verispellis Ski Hat

$1,000.00

$1,000+ | 20% off Skis + Merch

20% discount on a pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

$2,500.00

$2,500+ | Bonus Shares + 30% off Skis

3% Bonus Shares + 30% discount on a pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

$10,000.00

$10,000+ | 10% Bonus Shares + Skis

10% Bonus Shares + 1 free pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

$25,000.00

$25,000+ | Ski with an Olympian

15% Bonus Shares + Ski with Alpine Olympic Skier Arman Serebraian + 1 free pair of Verispellis Skis signed by Arman & Founding Team (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

JOIN THE DISCUSSION













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