Prime Lightworks

Updates

Campaign Closing! $1.07M April 2021 Update from Prime Lightworks

3 months ago

Dear Investors of Prime Lightworks,

Today is closing day for this our first Regulation Crowdfunding (Reg CF) campaign on StartEngine. Thank you so much to all our investors for your incredible support as we reached our maximum!

***REWARDS PERKS $500+ INVESTMENTS***

Please check your email for a webform link to confirm your mailing address for your rewards perks.

This is an exciting time for new space and clean technology. Stay tuned as we continue to develop our electric propulsion systems and expand to include reusable hydrogen rocket propulsion systems.

With your help, we are building a future where going to space will make the Earth a better place.

Best regards,

Kyle Flanagan

Founder & CEO

Prime Lightworks

Prime Lightworks makes breakthrough electric propulsion systems for space satellites that are solar powered, fully renewable, and consume zero fuel. Our goal is to enable interplanetary space travel — while eliminating emissions, cost and waste from aerospace propulsion.

Notice of Funds Disbursement

4 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Prime Lightworks has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Prime Lightworks be on the lookout for an email that describes more about the disbursement process.

This campaign will continue to accept investments until its indicated closing date.

Thanks for funding the future.

-StartEngine

Campaign Maximum! $1.07M March 2021 Update from Prime Lightworks

4 months ago

Dear Investors of Prime Lightworks,

StartEngine Reg CF Campaign Maximum $1.07M Investments Raised:

We are excited to announce we have reached our campaign fundraising maximum of $1.07M through Regulation Crowdfunding on StartEngine! Thank you so much for your incredible support throughout our campaign as we continue to push the boundaries of renewable aerospace propulsion!

Prototype RF Electronics Resonance Feedback Loop Improvements:

We have ordered and received shipment of two machined brackets that will support new prototype electronics to enhance our radio frequency (RF) resonance feedback loop. Addition of a new tracking generator and network analyzer as part of our RF electronics enclosure will shorten the cycle time of our RF resonance feedback loop with goal of less than 1 second cycle time (> 1 Hz). The electronics are operational, while the brackets have passed receiving inspection and are going through fit checks for integration with our enclosure. We are planning to rebuild our RF electronics enclosure with these new parts and resume prototype thrust measurements this Q2 2021.

Financial Runway as of March 31, 2021:

We have runway in the bank through Q3 2021. Our StartEngine campaign has proved a resounding success allowing us to continue operations throughout 2020 with bright prospects in 2021. As of this March 15, 2021, the SEC has increased the campaign maximum for Reg CF from $1.07M to $5M. Stay tuned for more updates soon about our future fundraising plans!

Company Highlights for Prime Lightworks in 2020:

Selection for Forbes 30 Under 30 List in Science

Five Year Anniversary of Prime Lightworks Founded 2015

International Patent Applications Submitted and Pending

(Canada, China, European Union, India, Japan, S. Korea)

USPTO and International Patent Applications Pending:

Our patent examiner with the USPTO has reviewed our response to the initial examination report and has issued a final office action. The deadline to file a response is June 3, 2021, while extensions are available until the final deadline of September 3, 2021. We are working with our IP counsel on our response and will do everything possible to achieve patent issuance with USPTO and internationally.

Reusable Hydrogen Rocket Launch Vehicle Engine Development:

We remain hard at work developing RF resonant cavity thruster technology for CubeSat propulsion. We also recognize the longer-term nature of this endeavor, while keeping aim on generating revenue and company profitability. For these reasons, we have decided to expand our technology portfolio for renewable space propulsion to include reusable hydrogen rocket launch vehicle engine development.

Hydrogen is the most efficient rocket propellant (highest specific impulse I_sp). Hydrogen (H2) fuel and Oxygen (O2) oxidizer can also be synthesized from water (H2O) using renewable energy, and combust with zero carbon emissions. The combination of renewable hydrogen fuel production with reusable hydrogen rocket launch vehicle engine development has extraordinary potential to enable in-situ resource utilization of water as the key to expanding solar system space exploration.

Our first step on this front is to begin with a prototype rocket engine using compressed hydrogen gas. This could have extraordinary positive impact on our customer acquisition and fundraising strategies.

As always, thank you for your support and feedback. Please reach out with questions or comments—we love to hear from you!

Best regards,

Kyle Flanagan

Founder & CEO

Prime Lightworks

Notice of Funds Disbursement

5 months ago

[The following is an automated notice from the StartEngine team].

Hello!

This campaign will continue to accept investments until its indicated closing date.

Thanks for funding the future.

-StartEngine

$750K February 2021 Update from Prime Lightworks

6 months ago

Dear Investors of Prime Lightworks,

I am pleased to report we are building up excellent momentum fundraising through the first month of 2021. With your incredible support, in the last two weeks of January we have raised another $100K to bring our total over $750K fundraising on StartEngine!

We are making substantial progress with prototype hardware development on our way to resuming test measurements in vacuum of our RF resonant cavity thruster prototype this Q1 2021. We have completed design review of two new brackets to mount updated RF electronics, including tracking generator and signal analyzer, which will enable improved resonant frequency analysis during testing. Our next step is to machine these new brackets and integrate them with our prototype RF electronics.

Stay tuned for more updates this quarter about progress with our prototype hardware development and patent pending with the USPTO! Please share our campaign with your network and consider reinvesting as we approach our goal of $1.07M Regulation Crowdfunding!

Best regards,

Kyle Flanagan

Founder & CEO

Prime Lightworks

Notice of Funds Disbursement

6 months ago

[The following is an automated notice from the StartEngine team].

Hello!

This campaign will continue to accept investments until its indicated closing date.

Thanks for funding the future.

-StartEngine

Notice of Material Change in Offering

6 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Prime Lightworks offering. Here's an excerpt describing the specifics of the change:

Prime Lightworks Inc. is extending their campaign by 90 days.

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.

$650K January 2021 Update from Prime Lightworks

6 months ago

Dear Investors of Prime Lightworks,

I am excited to announce that our Regulation Crowdfunding (Reg CF) campaign is off to an excellent start in 2021! Since we exceeded $500K fundraising on StartEngine in 2020, over the first two weeks of January we have raised over $100K more to bring our total over $650K fundraising on StartEngine!

Thank you all so much for all your support. Your investments allowed us to navigate 2020, and put us in excellent position with potential to enable prototype testing and achieve patent issuance in 2021. Please share our campaign with your network and consider reinvesting as we approach our goal of $1.07M Regulation Crowdfunding!

Best regards,

Kyle Flanagan

Founder & CEO

Prime Lightworks

Notice of Funds Disbursement

7 months ago

[The following is an automated notice from the StartEngine team].

Hello!

This campaign will continue to accept investments until its indicated closing date.

Thanks for funding the future.

-StartEngine

$500K New Year 2021 Update from Prime Lightworks

7 months ago

Dear Investors of Prime Lightworks,

Hope this message finds you healthy and enjoying the Happy New Year! While 2020 has been a challenging year for everyone, we are fortunate that Prime Lightworks has managed a great deal of success all around (5 years since founding!), and our prospects are bright looking forward to 2021!

With your support, we now have exceeded $500K raised on StartEngine! Thank you very much for believing in our company mission and technology development and for helping us reach this major milestone. You can rest assured knowing we are hard at work developing the next generation of fully renewable space propulsion technology.

As mentioned in a previous update, we recently submitted response to our USPTO patent examiner for our patent pending, as we continue working toward patent issuance for our radio frequency (RF) resonant cavity thruster device and method of operation.

With regards to our RF cavity thruster prototype development, we overcame a major obstacle with our electronics rebuild to improve our resonance frequency feedback loop. Since we now have software working to control our new prototype electronics components, we are proceeding with rebuilding our prototype electronics enclosure with the goal of resuming test measurements in Q1 2021.

We have generated some excellent momentum with our fundraising campaign these past few weeks. Make sure to stay tuned for more updates soon. Please share our campaign with your network and consider reinvesting as we approach our goal of $1.07M Regulation Crowdfunding!

Wishing everyone health and wellness, happiness and prosperity in the New Year!

Best regards,

Kyle Flanagan

Founder & CEO

Prime Lightworks

September 2020 $350K Update from Prime Lightworks

10 months ago

Dear Investors of Prime Lightworks,

Here are some exciting updates about our company progress this summer! With your support, Prime Lightworks has now raised over $350K from over 750 investors on StartEngine! We have extended our Regulation Crowdfunding campaign an additional 60 days as we disburse campaign funds that support continuing company operations, including domestic and international patent applications and purchasing new prototype electronics for rebuild and test this Q4 2020.

ROADMAP

Prime Lightworks now has patent applications pending in Canada, China, Europe, India, Japan, South Korea and the United States for our radio frequency (RF) resonant cavity thruster propulsion system! New electronics components we have ordered include compact RF signal generator and spectrum analyzer that we will incorporate into our prototype propulsion system. This addition will enable RF feedback loop for optimal resonance and transmission of electromagnetic energy into our microwave cavity resonator. We are planning 6-8 weeks (October and November) for our prototype electronics rebuild and will resume prototype thrust measurements in vacuum around December continuing into Q1 2021.

FINANCIALS

We have runway in the bank into October, and are planning an additional upcoming disbursement to support company operations well into Q4 2020. We have also signed up with StartEngine Promote Advance to increase our marketing efforts with the goal of completing our $1.07M Reg CF campaign.

PROTOTYPE DEVELOPMENT

We have already purchased and received all of the electronics components needed for rebuild and test of our prototype propulsion system. Initial low power bench-top S11 tests show substantially faster return loss (S11) measurements < 1 second (was > 15 seconds with our previous electronics). We are now integrating these new RF electronics components for operation at high power (> 50 Watt RF output) inside of our electronics enclosure (faraday cage with additional magnetic shielding). These components will power our RF cavity thruster in vacuum onboard our torsion pendulum thrust measurement system (with improved test measurement sensitivity < 1 micron and < 1 micronewton).

Stay tuned for more updates about our expanded prototype strategy and test results this Q4 2020!

Best regards,

Kyle Flanagan

Founder & CEO

Prime Lightworks

June 2020 $250K Update from Prime Lightworks

about 1 year ago

Dear Investors of Prime Lightworks,

I am happy to report that the company is continuing operations and making progress through these challenging times. With your support on StartEngine, Prime Lightworks has now raised over $250K from over 500 investors since launching our Regulation Crowdfunding campaign! This has allowed us to complete a round of preliminary prototype thrust measurements (test results are summarized below). I am also pleased to announce that Prime Lightworks has been accepted to Los Angeles Cleantech Incubator (LACI) two-year incubation program!

ROADMAP

The results from our recent test campaign indicate A) that our magnetic shielding enclosure around the prototype test electronics is substantially reducing the false positive thrust measurements from magnetic torque interference, and B) our best chance of producing substantial true positive thrust from electromagnetic propulsion is to replace the software defined radio (SDR) transceiver in our prototype test electronics with a radio frequency (RF) scalar network analyzer (SNA). The change will also require switching the operating system and computer card in our prototype test electronics. The rebuild will cost us approximately $10K in parts and will take us 2-3 months to complete this summer. Once we rebuild our prototype test electronics with the new components, we will resume prototype thrust measurements in vacuum in Q3-Q4 2020.

FINANCIALS

On Friday, June 12, the company filed our Form C-AR Annual Report with the SEC as required per Regulation Crowdfunding. Under the CARES Act, the company has secured grants through the following federal programs:

Economic Injury Disaster Loan (EIDL) - $2K (two full time employees)

Paycheck Protection Program (PPP) - $48K (two full time employees)

We have runway in the bank into August and will continue raising and disbursing funds through our StartEngine campaign to maintain our prototype test operations.

To consolidate our monthly expenses, we have moved out of our warehouse space in Torrance, CA, since our lease has expired, and we are moving into a much larger warehouse where we can sublease space in Vernon, CA. In addition to saving money on rent, this move will put us within five miles of LACI.

TEST RESULTS

Leading up to our recent prototype thrust measurements in vacuum, we were able to increase the thrust sensitivity of our torsion pendulum by over 10x to a thrust-to-displacement ratio of about 5 micronewtons per micron. We also achieved resonant frequency feedback response for the first time in vacuum using our prototype test electronics SDR transceiver, where we were able to measure the resonant frequency of the microwave cavity to within 1 MHz bandwidth. In tests, we measured about 0.2 micronewton of thrust corresponding to about 1 micron displacement of our torsion pendulum. However, reversing the direction of our microwave cavity did not change the direction of the thrust, meaning that the 0.2 micronewton thrust was false positive and due to magnetic torque interference. In order to maximize prototype thrust, we need to achieve resonance with a quality factor of over 1e5, which will require measurement of the microwave cavity resonant frequency to within 100 kHz. This will be possible by replacing our prototype electronics radio card with a microwave network analyzer, which we will complete in 2-3 months this summer. We will then resume prototype thrust measurements with improved resonant frequency feedback response.

To the extent it could help our business plan and fundraising, we are evaluating an expanded prototype strategy that may allow us to achieve prototype test results this year for a zero-emissions CubeSat launch vehicle. Our initial design would be to build a compressed hydrogen (H2) and compressed gas (air) model rocket engine, followed by a hydrogen model rocket launch as proof-of-concept.

Stay tuned for more updates and be sure to follow and share our posts on social media!

Best regards,

Kyle Flanagan

Founder & CEO

Prime Lightworks

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Company	:	Prime Lightworks Inc.
Corporate Address	:	2909 Oregon Ct Ste C12, Torrance, CA 90503
Offering Minimum	:	$9,999.24
Offering Maximum	:	$1,069,999.02
Minimum Investment Amount (per investor)	:	$199.82

Offering Type	:	Equity
Security Name	:	Common Stock
Minimum Number of Shares Offered	:	4,854
Maximum Number of Shares Offered	:	519,417
Price per Share	:	$2.06
Pre-Money Valuation	:	$10,192,847.04

Prime Lightworks

Renewable Electric Propulsion

Prime Lightworks

Renewable Electric Propulsion

$1,059,087

1,824

Investors

$10.2M

Valuation

$2.06

Price per Share

$199.82

Min. Investment

Common

Shares Offered

Equity

Offering Type

$1.07M

Offering Max

0

Days Left

$1,059,087

1,824

Investors

$10.2M

Valuation

$2.06

Price per Share

$199.82

Min. Investment

Common

Shares Offered

Equity

Offering Type

$1.07M

Offering Max

0

Days Left

Reasons to Invest

Investigating zero-fuel microwave space propulsion

Current propulsion systems lead to massive amounts of emissions, cost and waste!

This technology could eliminate spacecraft fuel entirely

Satellite propulsion systems are a $1B per year industry

We’ve raised $1.8M+ in seed funding from Y Combinator and our Angel Investors

We could revolutionize the aerospace industry

Our ideal customers are satellite manufacturers purchasing high delta-v propulsion systems

We could be the most renewable propulsion technology

Let’s eliminate fuel emissions from space propulsion

Two former SpaceX engineers make this moonshot, not such a longshot

Join us as we launch into the future of space

In the Press

Small Satellite Conference 2019 Proceedings

Cleantech Open West Announces Finalists

Meet Our Team

Offering Summary

Company

Prime Lightworks Inc.

Corporate Address

2909 Oregon Ct Ste C12, Torrance, CA 90503

Offering Minimum

$9,999.24

Offering Maximum

$1,069,999.02

Minimum Investment Amount

(per investor)

$199.82

Terms

Offering Type

Equity

Security Name

Common Stock

Minimum Number of Shares Offered

4,854

Maximum Number of Shares Offered

519,417

Price per Share

$2.06

Pre-Money Valuation

$10,192,847.04

Perks* and Investment Bonuses