The Prime Lightworks offering is now closed and is no longer accepting investments.

Prime Lightworks

Renewable Electric Propulsion

Prime Lightworks

Renewable Electric Propulsion

Torrance, CA
Electronics
Engineering
Prime Lightworks is making a fully electric spacecraft propulsion system that does not need conventional mass propellant (fuel). We believe our system will provide a revolutionary step forward in space exploration and planetary science, eliminating the need for fuel propulsion systems using renewable solar energy.

$1,059,087

raised
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

raised
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
This offering ended on April 24, 2021 and is no longer accepting investments.

Reasons to Invest

$1.8M seed funding raised from Y Combinator and angel investors
Founder & CEO Kyle Flanagan named to Forbes 30 Under 30 Class of 2020 in Science
Patent pending with US and PCT for our proprietary electromagnetic thruster technology

Photo from NASA. Our product is currently still in prototype stage.

Investigating zero-fuel microwave space propulsion

"When I read that NASA was testing a microwave space propulsion system that would require no fuel, I founded Prime Lightworks to investigate and commercialize this breakthrough technology. We now have patent pending and a functional prototype in vacuum testing, and we are raising our next round of funding to continue our proof-of-concept prototype vacuum tests and launch our space demonstration mission."

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

Satellite technologies have numerous global applications: telecommunications, GPS, intelligence, and Earth imaging for weather and climate analysis. However, many current satellite propulsion systems use toxic fuel that costs up to $50K per kg to launch into orbit and creates waste in the form of space debris. We believe our product will solve the problem of space propulsion for satellites and spacecraft, using a solar-powered radio amplifier and microwave cavity to replace fuel-based propulsion systems.

Photo from NASA. Our product is currently still in prototype stage.

This technology could eliminate spacecraft fuel entirely 

Prime Lightworks is developing renewable CubeSat electric propulsion systems which, if proven feasible, could increase spacecraft lifespan and reliability, eliminate spacecraft fuel emissions, and drastically reduce launch vehicle size and fuel emissions. Our RF-based propulsion system is patent-pending, and if we succeed in our prototype test campaign with thrust measurements in a vacuum, this could scale to support all satellite mission architectures.


Prime Lightworks solution could offer:

  • 20-50% mass savings (compared to fuel propulsion)
  • Fully renewable solar energy (instead of fuel)
  • Eliminating the need for toxic fuel and waste

Satellite propulsion systems are a $1B per year industry

Our potential customers are satellite manufacturers who purchase high delta-velocity (delta-v) propulsion systems for mission integration

  • Hardware manufacturing of satellites is over $15B per year market

  • Global satellite industry is over $260B per year market

  • Satellite manufacturers are expected to purchase $630M of propulsion systems per year by 2024

  • source

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

  • We've filed our US and PCT patent applications for electromagnetic thrusters on February 8, 2019

  • We're operating 2,200 square foot facility in Torrance, CA + Greentown Labs prototyping space

  • We’ve begun proof-of-concept vacuum testing our prototype CubeSat electric propulsion system

We could revolutionize the aerospace industry

We’re trying something new. Our electric propulsion systems would work by concentrating electromagnetic field strength and radiation pressure on the large end surface of our radio frequency (RF) cavity resonator. We need your support to continue our vacuum testing and produce thrust measurements proving feasibility of our fully renewable, zero fuel, spacecraft electric propulsion.


Prototype CubeSat Electric Propulsion System:

  • RF Power Enclosure (6U, 50W, X-Band, 8-11GHz)
  • RF Cavity Resonator (1U, 8.5GHz, -28dB S11, 7e4 Q-Factor)

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

We will offer direct contract sales of patent-pending RF resonant cavity propulsion systems and power electronics hardware. We need your investment to continue our proof-of-concept prototype vacuum tests. Our goal is to prove that space propulsion can be done using RF electronics hardware that is more renewable and cost-effective than chemical rockets or existing electric propulsion. Use of RF architecture for propulsion applications has enormous potential to support growth opportunities in RF telecommunications markets based on small satellite orbital constellations.

We could be the most renewable propulsion technology 

While other space propulsion technologies consume fuel, ours uses renewable solar power. With zero fuel, we aim to provide a lighter and more reliable propulsion system that is less expensive to manufacture and launch, with renewable delta-velocity (delta-v) for unlimited orbital maneuvering.

Let’s eliminate fuel emissions from space propulsion

Prime Lightworks aims to reduce aerospace industry fuel emissions by eliminating satellite fuel mass and reducing launch vehicle fuel consumption.

We believe in a sustainable future where air and space transportation are fully renewable with zero carbon footprint.

Photo from NASA. Our product is currently still in prototype stage.

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

Our Founder & CEO, Kyle Flanagan, has eons of experience from Harvard, CERN, Caltech/JPL, and SpaceX, having been entrenched in this world for years. He started engineering at SpaceX when RF designer, Peter Dohm, was moving beyond SpaceX to Millennium Space Systems. Along with other team members, their shared knowledge and experience is vast and their vision is uncompromising. This undertaking is the natural next step for them.


#forbes #30under30 #science

#renewable #solar #newspace

#primelightworks

Join us as we launch into the future of space

It’s our mission to eliminate wasteful and toxic fuel from the space industry, with renewable propulsion that enables interplanetary space exploration. We’re launching into a growing electric propulsion market with a product that could open up the cosmos while protecting our environment. Join us!


This data is publicly available pursuant to 15 C.F.R. §734.7(a)(4) and is therefore not subject to the U.S. Export Administration Regulations.

Photo from NASA. Our product is currently still in prototype stage.

In the Press

Small Satellite Conference 2019 Proceedings
January 1, 2017

Measurement Error Analysis of Impulsive Thrust from a Closed Radio-Frequency Cavity in Vacuum

Cleantech Open West Announces Finalists
January 1, 2017

Emerging Technology: Prime Lightworks Inc. makes breakthrough electric propulsion systems for space satellites, with the goal to eliminate fuel emissions from aerospace propulsion, while drastically reducing cost and waste.

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











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

Perks* and Investment Bonuses

Early Bird

First 48 hours - Friends and Family Early Birds | 10% bonus shares

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

Volume

$500+ (Tier 1 perk) | Stickers w/ Company Logo

$1,000 (Tier 2 perk) | T-Shirt w/ Company Logo

$2,500+ (Tier 3 perk) | USB Drive w/ Company Logo

$5,000+ (5% bonus shares) | Name Etched on Prototype

$20,000+ (10% bonus shares) | Visit to HQ in Torrance, CA

*All perks offcur after the offering is completed

The 10% Bonus for StartEngine Shareholders

Prime Lightworks 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 $2.06 per share, you will receive 110 Common Stock shares, meaning you'll own 110 shares for $206. 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 cancelled 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: Salary payments made to one’s self, a friend or relative. Any expense labeled “Travel and Entertainment”. Inter company debt or back payments. Any expense labeled “Administrative Expenses” not strictly for administrative purposes. Vendor payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$223,297.00 USD
$365,149.00 USD
Cash And Cash Equivalents
$5,375.00 USD
$87,018.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$68,662.00 USD
$28,267.00 USD
Long Term Debt
$1,838,549.00 USD
$1,513,549.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$515,538.00 USD
-$590,786.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

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

20 days 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

about 1 month 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

about 1 month 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


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

2 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

$750K February 2021 Update from Prime Lightworks

3 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


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

3 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

Notice of Material Change in Offering

4 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

4 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


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

$500K New Year 2021 Update from Prime Lightworks

4 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


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.

USPTO Patent Office Action Update from Prime Lightworks

5 months ago

Dear Investors of Prime Lightworks,


Since launching our Regulation Crowdfunding campaign one year ago, Prime Lightworks has raised over $475K from over 950 investors on StartEngine! Thank you for your incredible support!


The funds raised in this offering are being used for intellectual property and patent pending expenses, prototype hardware development and test equipment, payroll and overhead supporting research and development of radio frequency (RF) resonant cavity thruster technology for CubeSat propulsion. Our mission is to eliminate consumption of fossil fuel in favor of fully renewable aerospace propulsion.


Regarding our patent pending with the USPTO, we received our first office action from our assigned patent examiner earlier this year on May 26, 2020. We submitted a response to that office action to our USPTO patent examiner within the required 6-months on November 25, 2020. We expect to hear back from our USPTO patent examiner and aim to achieve USPTO patent issuance within 6-months.


With the end of 2020 fast approaching, we are asking for your help to get over $500K invested before the New Year. Please share our campaign page with your network and consider reinvesting!


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.

Happy Thanksgiving from Prime Lightworks!

5 months ago

Dear Investors of Prime Lightworks,


With the holidays upon us, we at Prime Lightworks wish everyone a Happy Thanksgiving! We are especially thankful for all of our StartEngine Reg CF investors. You have made it possible for our company to continue thriving in 2020. We sincerely appreciate all of your questions, feedback, and insight over the past year, and look forward to continued success as 2020 ends and 2021 begins!


Stay tuned for more updates this December about progress on our patent pending with the USPTO!


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

5 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

Notice of Funds Disbursement

6 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

Notice of Material Change in Offering

7 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 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.

Notice of Funds Disbursement

7 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

Prime Lightworks Celebrating Five Years Since Founding!

8 months ago

Dear Investors of Prime Lightworks,


Today marks five years since founding Prime Lightworks! In that time we have raised > $2M funding, in partnership with Y Combinator, Greentown Labs, Cleantech Open, Starburst Accelerator, and StartEngine. We wish a special thank you to everyone who has supported us and believed in us along the way. Hall of Fame NCAA Basketball Coach John Wooden said, “Good things take time, as they should.” Here’s to the next five years being better than the last, that we achieve our dreams, and most of all enjoy the journey developing renewable and clean aerospace propulsion systems.


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.

September 2020 $350K Update from Prime Lightworks

8 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


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

8 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

Notice of Funds Disbursement

8 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

Notice of Material Change in Offering

9 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:


Extended length of campaign.


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.

Notice of Funds Disbursement

10 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

June 2020 $250K Update from Prime Lightworks

11 months 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


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 Material Change in Offering

11 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:


Extended length of campaign.


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.

Notice of Funds Disbursement

about 1 year 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

Annual Report Form C-AR Filing Requirement Extension

about 1 year ago

Notice to our investors: We will be unable to meet our April 29, 2020, annual report filing requirements for securities sold pursuant to Regulation CF as a result of increased administrative burdens arising from challenges associated with COVID-19. As such, we intend to rely on the temporary relief being provided by the Securities and Exchange Commission. We will continue to use our best efforts to comply with our ongoing reporting obligations.

Notice of Material Change in Offering

about 1 year 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 has extended their campaign and updated 2019 financials.


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.

Notice of Funds Disbursement

about 1 year 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

Notice of Funds Disbursement

about 1 year 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

Notice of Material Change in Offering

about 1 year 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:


Extended length of campaign.


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.

Notice of Funds Disbursement

about 1 year 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

February 2020 $150K Update from Prime Lightworks

about 1 year ago

Dear Friends and Investors of Prime Lightworks,


We have now raised over $150,000 from over 250 investors! This is a very exciting time as we raise our next year of runway. Our next step is payload development of our CubeSat electric propulsion system for spaceflight demonstration testing in vacuum and zero gravity environment.


Please follow us on social media and share our posts with your friends. You never know which of your friends might secretly be a space science engineering enthusiast just waiting to join our campaign!


Facebook: www.facebook.com/primelightworks

LinkedIn: www.linkedin.com/company/primelightworks

Instagram: @primelightworks

Twitter: @primelightworks


As you might know, Prime Lightworks has exceeded its minimum funding goal, and we have started withdrawing funds on a rolling basis. If you invested in Prime Lightworks be on the lookout for an email that describes more about the disbursement process.


We had a really successful pitch presentation at SmallSat Symposium 2020 in Mountain View, CA on February 5, 2020. Stay tuned for updates and be sure to follow and share our posts on social media!


Best regards,


Kyle Flanagan

Founder & CEO

Prime Lightworks


Cell: +1 (310) 803-4193

contact@primelightworks.com

http://www.primelightworks.com


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

over 1 year 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

New Year's 2020 Update from Prime Lightworks

over 1 year ago

Dear Friends and Investors of Prime Lightworks,


Today we reached two very important milestones. In the past ten days, we have raised over $50,000 from over 100 investors! I want to say thank you to all the people who have worked on our campaign, especially our StartEngine team, and our followers and investors who have made all of this possible.


We are so excited to launch this Regulation Crowdfunding campaign and test the limits of solar electric propulsion. Please like and share our campaign page and social media posts as we continue to raise investments in 2020! Here are our pages and handles:


Facebook: www.facebook.com/primelightworks

LinkedIn: www.linkedin.com/company/primelightworks

Instagram: @primelightworks

Twitter: @primelightworks


I’ll be happy to answer your questions and comments on our message board here. Thank you again for all your positive feedback and support! Happy Holidays and Happy New Year!


Best regards,


Kyle Flanagan

Founder & CEO

Prime Lightworks


Cell: +1 (310) 803-4193

contact@primelightworks.com

http://www.primelightworks.com


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.

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