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INVEST IN WHEREABLE TECHNOLOGIES INC. TODAY!

Empowering At-Risk Employees

We believe Whereable/RiskBand is the first company to combine a sophisticated SaaS platform with a wearable emergency monitoring device designed for at-risk and lone workers. Together, the platform and the device can help businesses protect their employees, dispatch emergency response, and investigate incidents. Clients include FedEx, Sally Beauty Stores, Carilion Health Care, Humana, Dollar General Stores, Michelin, Kirkland’s, Helzberg Diamonds, Chico’s, Sesame Street Workshop, Biogen, and Molina Healthcare.

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.

$92,926.44 Raised

Reasons to Invest

  • 521%+ YoY growth in revenue and contract value in 2020, thanks to multi-year contracts with major customers, many of whom increased orders after initial deployment. Additional customers expected when the next generation 4G compatible device is introduced.
  • Our CEO, as a founder and CEO, has completed IPOs for three companies since 1997.
  • Wearable device works without a smartphone and offers true emergency-monitoring functionality. Device and SaaS platform designed and developed by in-house software engineering team and manufactured in the US. 

OVERVIEW


A complete solution for worker safety



We have created the RiskBand emergency monitoring device and ARIES SaaS platform to enable businesses to protect their employees, dispatch emergency response, and investigate incidents. The company is currently pursuing an aggressive customer acquisition strategy, as well as increasing shipments to existing clients. 


We believe our solution helps businesses mitigate workplace injury and worker safety risks. It also offers peace of mind to the pandemic-driven lone worker force making deliveries and providing care.

THE PROBLEM


Businesses need to keep employees safe

Keeping workers safe from injury and assault is both an ethical obligation and an economic priority. Workplace injuries, time off to recover, and deaths cost companies a tremendous amount of time and money.


Competitive solutions for monitoring worker safety are incomplete or have usability issues. They rely on being tethered to a smartphone, can’t plug into a security response network, and don’t allow remote monitoring of the workers’ environment in case of an emergency.



(SourceSource)


THE SOLUTION


RiskBand and Aries: Rapid Emergency Monitoring and Response 



We developed a wearable device that doesn’t need a smartphone to operate, has a long battery life, and communicates directly with the customer’s preferred emergency response provider. At the push of a button, the device transmits near-real-time audio, video, and user location to an emergency response center. It also allows for two-way communication, so that operators can communicate with users. Operators at emergency response providers we work with are trained to listen first, so as to not escalate potentially volatile situations.




Besides providing emergency response, the RiskBand device is a valuable tool for investigations. Our software platform can retain tracking data for up to 15 days. The photos and audio taken are evidentiary-grade. The device uses first-class GPS tracking and cellular location fallback. All GPS data is timestamped.


OUR TRACTION


Strong initial growth, sustained sales during wait for upgrade

*2021 and 2022 numbers are estimates that haven't been reviewed or finalized


Starting from our launch in 2019 until December 2020, we’ve had over $500k in sales. YOY growth from 2019 to 2020 was 521%. Based on our preliminary financials (which have not yet been reviewed or audited by a CPA) we believe our revenues for the 12-month period from March 1,2021 through February 28, 2022 were approximately $584,000 as compared to approximately $557,000 for the trailing 12 months ended February 28, 2021. In Q1 2022 we have already generated approximately $186,000 in revenues from an additional 243 devices, as compared to approximately $45,000 in revenue from 44 devices deployed in Q1 2021.


We plan to continue establishing reseller relationships, and anticipate the RiskBand will have a cumulative contract value of more than $100M within 5 years. Our goal is to sell the device to businesses first, and then to consumers.

OUR BUSINESS MODEL


Subscriptions, industry resellers, and organic sales


Most of our initial sales are through resellers, including Everbridge, a leading provider of critical event management software, and Interface Security Systems, a national managed service provider for retail businesses.


B2B sales involve “planting seeds” — initial test orders are generally followed by larger commitments once the customer has used the platform and the devices. RiskBand is marketed under a two-year license agreement, with both domestic and international pricing and use case models. Customers pay subscription fees for each device they use.

THE MARKET


Supporting the mobile workforce transformation

The U.S. mobile workforce is expected to increase from 78.5 million in 2020 to 93.5 million by 2024. (Source) By the end of 2024, mobile workers are expected to account for nearly 60% of the total U.S. workforce, increasing the market of lone workers. (Source) We believe the ability to provide emergency assistance to mobile workers is going to be part of the new normal as the job market evolves. 


 

 

We believe that we have the best usable wearable emergency monitoring and response solution on the market. 


What sets us apart: 

  • Accessibility: We use a graphical user interface that can integrate with a company’s security network and be customized for different use cases. 
  • Portability and autonomy: the device does not depend on a smartphone, is compact, and weighs approximately 5 ounces. 
  • Local development and manufacturing: the device is manufactured in the US, with all our tech developed in-house
  • Turnkey solution: we offer a plug-and-play contract with Garmin’s IERCC (formerly GEOS) for companies that don’t have their own emergency response teams or 3rd-party security providers

WHY INVEST


A long road of tech and business development, entering a rapid expansion phase


Whereable Technologies has invested millions in developing its scalable software platform, and its unique devices. Bud Mayo, our CEO, hopes to carry us through a Reg A+ offering. Having taken three companies public since 1997, Bud believes that RiskBand devices are going to be increasingly necessary as the size of the lone, mobile and remote workforce continues to grow.  


Now, we are gearing up for a new phase, with strong reseller relationships and an upgraded device that we expect to roll out in Q2 2022. The new 4G-compatible device will have a longer battery life, more precise GPS, full-motion video transmission, and operate further away from cell towers. We believe that many prospective customers have held off on ordering devices until the upgraded device is available.


Once the upgraded device is available, we intend to implement a more robust marketing effort and, in the future, explore entry into the consumer market.  


*These testimonials may not be representative of the experience of other customers and are not guarantees of future performance or success.


ABOUT

HEADQUARTERS
1000 Johnnie Dodds Boulevard - Suite 103-312
Mount Pleasant, SC 29464

We believe Whereable/RiskBand is the first company to combine a sophisticated SaaS platform with a wearable emergency monitoring device designed for at-risk and lone workers. Together, the platform and the device can help businesses protect their employees, dispatch emergency response, and investigate incidents. Clients include FedEx, Sally Beauty Stores, Carilion Health Care, Humana, Dollar General Stores, Michelin, Kirkland’s, Helzberg Diamonds, Chico’s, Sesame Street Workshop, Biogen, and Molina Healthcare.

TEAM

A. Dale Mayo

A. Dale Mayo

CEO, Chairman of the Board, Director

Bud Mayo is a highly respected entrepreneur and no stranger to technology, having led the conversion of movie theaters from film to digital cinema. Bud was the founder, chairman, president and CEO of Cinedigm, a pioneer in the digital cinema industry, from 2000 to 2010. He later founded Digital Cinema Destinations Corp., also known as Digiplex Destinations, which operated 20 interactive entertainment centers and nearly 200 movie screens across the nation before being purchased by Carmike Cinemas in 2014. Bud has been involved in technology-related businesses since beginning his business career in sales at IBM. He has earned numerous other achievements and accolades, including his 2010 induction into the film exhibition Hall of Fame , a 2009 Telly Award, and was the recipient of Ernst & Young’s 2006 Regional Entrepreneur of the Year Award for Technology and Innovation. 

Jim Van Law

Jim Van Law

President, Chief Revenue Officer, Director

Jim Van Law is a nationally recognized banker, respected leader and visionary entrepreneur who brings more than 35 years’ experience in local, regional, national and global finance and business-building to Whereable Technologies. Previous to his role as President of Whereable Technologies, he helmed Van Law Strategic Solutions for five years, where he provided research, strategy, oversight and implementation to help start-ups get off the ground and mature businesses re-establish themselves in the marketplace. Prior to his life as an entrepreneur, Van Law was a force in the banking world. He was instrumental in the U.S. launch of the publicly traded Australian company Bartercard, serving as vice president and national director of sales and trading. He also served in leadership roles at New England Bank, Sovereign Bank and Citigroup.  

Warren H Colodner

Warren H Colodner

Executive Vice President, General Counsel, & Secretary

Warren Colodner is nationally recognized U.S. business litigation and corporate lawyer. He co-founded the New York office of global law firm K&L Gates. Prior to joining Whereable Technologies, Colodner served as general counsel and corporate secretary of Digital Cinema Destinations Corp. (DCIN), a movie theater chain whose stock was publicly traded on NASDAQ.

Francis G Johnson

Francis G Johnson

Member of the Board of Directors

Francis Johnson maintains responsibility for all facets of Johnson & Johnson (J&J). He is one of three owners of the fourth-generation family business that his grandfather founded in 1930. Johnson began working at J&J in 1986 after a nine-month internship with Lloyds of London. As President of Johnson & Johnson Preferred Financing (JJPF), he ensures the success of a cutting-edge technology and service-driven insurance related sales organization. 

Fred Casanova

Fred Casanova

VP Software Development

An experienced technical executive, with decades of experience in director- and C-level positions at Sun Microsystems, SpectraLogic, DigiData, and StorageTek.

Jason Stevens

Jason Stevens

Chief Architect and Director of Engineering

Previously served as a Principal Engineer at Oracle, and then as a Software Architect at Spectra Logic, a computer data storage company.

Regina Keene

Regina Keene

Director of Corporate Services

Over 20 years experience in healthcare, government relations and project management.

TERMS

Whereable Technologies Inc.
Overview
PRICE PER SHARE
$4
DEADLINE
May 1, 2022
VALUATION
$44.49M
FUNDING GOAL
$10k - $5M
Breakdown
MIN INVESTMENT
$400
MAX INVESTMENT
$107,000
MIN NUMBER OF SHARES OFFERED
2,500
MAX NUMBER OF SHARES OFFERED
1,250,000
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Voting Rights of Securities Sold in this Offering

Each Investor shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Investor’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 Investor, (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 Investor pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Investor is an individual, will survive the death, incompetency and disability of the Investor and, so long as the Investor is an entity, will survive the merger or reorganization of the Investor 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.

Company Perks*

Friends and Family - First 7 days | 15% bonus shares

Super Early Bird - Next 7 days | 10% bonus

Early Bird Bonus - Next 7 days | 5% bonus shares

Tier 1: $2,500+

5% additional bonus shares

Tier 2: $5,000+

10% additional bonus shares

Tier 3: $10,000+

15% additional bonus shares

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Whereable Technologies, 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 Stock at $4.00 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $400. 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 only receive a single bonus, which will be the highest bonus rate they are eligible for.

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. Any expense labeled “Administrative Expenses” not strictly for administrative purposes. Inter company debt or back payments.

ALL UPDATES

04.13.22

Company's PPP Loans Forgiven By SBA

As we expected, the Company has been notified that the SBA has forgiven loans made to the Company under the Paycheck Protection Program with an aggregate principal amount of $842,100, plus accrued interest of $14,697.

03.24.22

Our Community Joins In! | Insider Investment Notice

We’re excited to see our community come in and invest in Whereable Technologies/RiskBand.  Our Insiders have invested a total of $55,000 into the offering!

 We hope you join in as well!   Invest in Whereable Technologies/RiskBand.

 Please refer to the Company’s offering materials for further information and refer to the Company’s Risk Factors.

02.14.22

Engineering Team Leaders

The Company’s engineering team has been led by Fred Casanova and Jason Stevens, each of whom not only have extensive experience in the technology industry, but also invested in the Company even before they were employed by the Company.  They are currently leading efforts to complete production of the Company’s upgraded GEN3 device.

 








FRED CASANOVA:  Fred has more than 40 years of experience as an executive, innovator, and designer in the high-tech storage industry. As the Vice President of Product Development and Director of Engineering, he was integral to the successful development and introduction of our devices and ARIES Platform to the market.  He is now actively involved in readying our GEN3 devices for deployment. Previously, he was Vice President of Engineering at Digi Data, a start-up cloud computing company that was acquired by Synchronoss Technologies; a Senior Director for Spectra Logic, a leader in high-end storage archiving solutions; and worked for Sun Microsystems and Storage Technology.

JASON STEVENS:  As the Company’s Chief Architect and Director of Engineering, Jason is responsible for ensuring that all software and hardware designs are architecturally sound and meet the needs of the business, maintaining standards for security, reliability, availability, scalability, extensibility, and function. He is responsible for authoring and preserving product requirements and design specifications for the ARES (Advanced RiskBand Enterprise System) server and Graphical User Interface, and works with the engineering team to ensure the software and hardware systems are being documented and tested comprehensively. He is also actively involved in the development of the GEN3 device. Previously, Jason served as a Principal Engineer at Oracle, and then as a Software Architect at Spectra Logic, a computer data storage company.

02.11.22

Customer Testimonial

Sally Beauty continues to deploy RiskBand devices for its retail stores and distribution center.  It began as a customer in 2019 with just 29 devices and has organically grown to deploy more than 500 devices.

Their Vice President of Loss Prevention has stated that the “technology is cutting edge, and the team behind the product and platform have been incredibly professional, reliable and responsive.”

He added: “We see RiskBand as an ideal remote worker solution.  It’s easy to wear, discreet and provides out team members with peace of mind, knowing that they can access emergency help with a single press of a button.”

REWARDS

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

JOIN THE DISCUSSION

0/2500

MN
Michael Nadler

6 INVESTMENTS

a year ago

Why is this needed when we have cell phones? My question is under the assumption that the users phone doesn't die. Also, why is this needed when organizations have and use pagers/walkies/etc?

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KH
Kweku Hanson

16 INVESTMENTS

a year ago

" The wearable technology market reached $116.2B in 2021, and is expected to reach $265.4B by 2026." Isn't this statistic rather misleading, since it refers to ALL wearables such as Apple Watch, pedimeters, and devices having absolutely nothing to do with personal safety? What is the estimated market growth for wearable smart safety devices? Do you have anecdotes of publicly reported real case use instances where your technology has saved the day to defuse or neutralize an armed assailant threat for a Family Dollar or other employee working alone by summoning help and transmitting threat assessment images of the emergency, confrontation, or perpetrator to first responders ahead of their arrival? What distinguishes your proprietary technology from Life Alert and its genre of wristband or lanyard wearable?

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WC
W Kim Colich

87 INVESTMENTS

a year ago

Hi, I see you mention that your system is "proprietary", but do you have any patents awarded and/or submitted? Thanks. Blessings

1

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sf
scott fish

a year ago

I like this idea. Who are your current customers that are using this technology? Are there markets that you want to break into that don't yet know they need your technology?

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RAISED
$92,926.44
INVESTORS
33
MIN INVEST
$400
VALUATION
$44.49M

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