RimTech by Project Overlord

Advanced Wheel Theft Protection and Recovery

RimTech by Project Overlord

Advanced Wheel Theft Protection and Recovery

Baltimore, MD
Technology
Project Overlord has developed an app-enabled wheel anti-theft and recovery system called RimTech that finally addresses the $17 billion global menace of wheel theft. RimTech is currently in the pre-market prototype stage, with patented technology providing unprecedented abilities to stop wheel theft and to track wheels after they are stolen.

$30,640

raised
25
Investors
$37.3M
Valuation
$0.86
Price per Share
$249.40
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$30,640

raised
25
Investors
$37.3M
Valuation
$0.86
Price per Share
$249.40
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Stack Owner's Bonus & Rewards!

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

Rewards

Get rewarded for investing more into RimTech by Project Overlord:

$249+
Investment
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+
Investment
$500+
Become part of the Project Overlord (PO) Investors Club* + Exclusive Project Overlord T-Shirt + 3% bonus shares
$1,000+
Investment
$1000+
Become part of the Project Overlord (PO) Investors Club* + Receive an exclusive RimTech T-Shirt + 5% bonus shares
$2,500+
Investment
$2500+
Become part of the Project Overlord (PO) Investors Club* + an exclusive RimTech T-Shirt + Receive an exclusive Project Overlord Polo Shirt + RimTech Logo Hat + 10% bonus shares
$5,000+
Investment
$5000+
(PO) Investors Club* + RimTech Polo Shirt + RimTech T-Shirt + RimTech Logo Hat + Project Overlord 1/2 Zip Performance Pullover + 15% bonus shares + (1) Launch edition RimTech enabled product unit + Early Pre-Launch Beta App Access
$50,000+
Investment
$50,000+
Project Overlord (PO) Investors Club* + T-Shirt + "NEXT LEVEL" Polo Shirt + RimTech Logo Hat + 1/2 Zip Performance Pullover + 30% bonus shares + Community Outreach Advisory Board Seat + (2) RimTech product units + Early Pre-Launch Beta App Access
$90,000+
Investment
$90,000+
(PO) "Board Member" Polo Shirt + T-Shirt + Polo Shirt + 1/2 Zip + Hat + 50% bonus shares + Advisory Board Seat + 4 RimTech enabled product units + Beta App Access + Future Launch edition 'NEXTUP' product unit

Source*

RimTech is currently still in development and not yet available on the market.





Reasons to Invest



  • RimTech plans to provide Retail and Enterprise Fleet Sales, Big Data & Monthly Subscription based revenue. We have LOI’s (Letters of Intent) for future orders from distributors globally. We are currently in discussions with three (3) manufacturers to determine the best partner and fit for integration in all vehicles.
  • The connected car solutions market is currently valued at $9B and is predicted to reach $1.9T in revenue by 2030 (Source).
  • Led by a strong team of founders and C-Suite advisors with backgrounds in the Automotive, Mobility, Tire OEM, Big Data Analytics, Military sales, Telematics, Scaling and Toll Manufacturing arenas. 


Overview


Using Technological Innovation to Stop Wheel Theft

Project Overlord specializes in the creation and design of technology engineered to eliminate the global problem of wheel theft on various vehicle types. According to our research, there is no other company using this approach to stop wheel theft. 


RimTech uses state-of-the-art cellular and GPRS tracking technology to stop theft from occurring and to aid in the recovery of stolen wheels. If suspicious wheel movement is detected, the hardware embedded in the wheel causes an automatic alarm to sound and the vehicle's owner is notified through the app.



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


RimTech also notifies the police and provides them with real-time tracking information on the wheel’s location, the make, model, year and color of the vehicle as well as a picture of the wheels. In addition, our technology, which has been well received by police departments around the world, allows authorities to prosecute cases for wheel and vehicle theft that have been difficult to prove in court; by creating a chain of custody between the wheel and the owner. 


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


We are led by a strong team of advisory board members with experience as founders and C-Suite advisors in the Automotive, Mobility, Tire OEM, Big Data Analytics, Telematics, Military Sales, Scaling, and Toll Manufacturing arenas. Early investors include former NFL athletes Gary Stills from the Kansas City Chiefs and Eugene Reed from the Miami Dolphins. 

The Problem


Wheel Theft is an Unaddressed Epidemic

While car theft has improved in recent years with innovative security measures, standard vehicles with alloy wheel theft losses continue to grow in staggering numbers. Post-market tires are some of the most popular automotive accessories, ranking second in theft after typical vehicle wheels. The more expensive the vehicle, the more expensive the wheels (Source).


Under the nomenclature of the FBI’s Uniform Crime Reporting (UCR) Program, “thefts of motor vehicle parts and accessories” are classified as “larceny-theft” (Source). Thefts such as motor vehicular, burglary and larceny-theft, such as tire and rim thefts, are considered “property crimes” (Source). Much like other automobile crimes, tire and rim theft are crimes of opportunity (Source). According to one U.S. County estimate, a spokesman for the Maryland-based Tire Industry Association estimated the value of tires stolen each year is at least $1 million (Source).

*Average cost estimated internally.


Wheel theft has shown to disrupt livelihoods, increase insurance costs, and damage vehicles. Dealerships are hit at an especially high rate, with wheels stolen off many of their vehicles at once. 

The main defense for wheel theft until now has been wheel locks. However, these 

have proven to be easily removed, rendering them essentially ineffective.







The Solution


Easily Integrated, Easy-to-Use Anti Theft Technology

RimTech is designed to send real-time notifications to the car’s owner if the software suspects suspicious wheel activity.


If it’s a false alarm, the user can press a button and disarm RimTech. If it’s an in-progress theft, RimTech automatically upgrades the alert and begins tracking, sending updates to the user and alerting the authorities of the make, model, color, and VIN of your vehicle, tire information and a photograph. 

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Our technology is compatible with standard equipment on all current vehicles. RimTech integrates existing Tire Pressure Monitoring System (TPMS) hardware with additional technology such as an accelerator sensor, SIM chip, GPRS modem, RF Transmitter, and the ability to alert owners of wheel tampering and track the wheel’s location. The design of RimTech is what makes integration into all vehicle types and partnerships with auto manufacturers possible.


The TPMS hardware is embedded into the wheel, while the CPU-enabled head unit is safely locked away in the vehicle’s trunk. Both devices are sprayed with an EMI/RFI coating to prevent tampering by electromagnetic pulses. 


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


RimTech's hardware, applications, and backend technology have been designed from top to bottom by our India-based technology design team, made up of former engineers from Motorola and Qualcomm. 


Sales, Data, and Subscriptions

Project Overlord’s business model consists of sales through market-tested distributors and automotive dealerships of our in-tire TPMS unit, along with an accompanying trunk Head Unit controlled by our downloadable app. 


RimTech also provides an incredible source for data driven revenue by providing information on vehicle owners to Big Data companies, auto dealers, insurance providers, OEM vehicle manufacturers, tire manufacturers, fleet managers, and more. RimTech also charges a subscription model for our monitoring services of $6.99 per month. 


We expect our cost to dealers is $1,200 per dealer, for all on-lot vehicles. This gives the dealers peace of mind, coverage against mass theft of units, additional revenue sources with integration and aftermarket parts department sales as well as lower future insurance premiums. We plan for RimTech to be sold across all states or countries at auto parts stores, major box retailers, online tech websites, small mom and pop automotive shops, custom wheel shops, tire shops, dealerships, and direct from manufacturers in an OEM integration capacity.


With a first-strike fast mover advantage, we believe RimTech is perfectly positioned to become the go-to solution for wheel anti-theft and recovery for consumers, dealers, and fleet managers across the globe. 

Our Traction


Global Enthusiasm for our Product

Currently, we have letters of intent for future orders from distributors globally that will increase our data revenue and sales revenue once the product is on the market. Also, we are in discussions with 3 (three) manufacturers to determine the best partner and fit for integration in all vehicles. 

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


RimTech is patented in 43 countries, including the US, Canada, the European Union, South Africa, China, and Germany. Our apps and hardware are designed and ready for prototype builds. 


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The press


Media Enthusiasm for RimTech

Since our launch, we have received worldwide media coverage due to the demand for our technology. RimTech has been featured in publications such as CBS News, Bloomberg Radio, Innovation and Tech Today, and more: 



*The above is a marketing video featuring a spokesperson and includes a rendering of a future product. Images are computer generated demo versions. Product is still currently under development not yet available on the market.





The Market


Revolutionizing a Rapidly Growing Industry

The connected car solutions market is currently estimated to be valued at $9B and is predicted to reach at least $166B in sales by 2025 ( Source).

(Source)

Our closest competitor is the wheel lock industry, currently dominated by companies such as McGuard and White Knight. However, wheel lock companies are not direct competitors to Project Overlord as our patented technology provides a significantly different approach to wheel theft protection. 

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

Why Invest


Solving a Massive Problem on a Global Scale

This is an opportunity to invest in a new, innovative technology built to stop a global problem with no current solution. According to our research, Project Overlord has no competitors that combine wheel antitheft and recovery in their technology. 

(Source)


Wheel theft is a multi-billion dollar problem, and RimTech is the solution. With a dynamic Advisory Board of C-Suite executives to lead the company to scale, and letters of interest, we are ready to make wheel theft a thing of the past (Source). 


Project Overlord's efforts for the next few years will be focused on expanding market share, launching new category lines and products, growing our distribution network, and continued research and development. We plan to have 7 new products launch in the next 5 years, including Fire (Motorcycles), Overwatch (18-Wheelers), Dash (Bicycles), Wolf (Farming Tractors), Yard Dog (Construction Equipment), Tandem (ATV's), and Coastal (Boats). 


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In the Press

KillerStartups

he Wheels Definitely Aren’t Coming Off This One: Anti-Theft App, Project Overlord

Write the Title of the Article Here

Project Overlord to Take on Wheel Theft Starting in November

BisNow

Tire Guarding Tech

GPS World

Project Overlord keeps your wheels safe with GPS

TechnicallyDC

How an insurance broker from Houston will help you keep your wheels, literally

Speedville

Project Overlord’s RimTech App Could Save Your Wheels

Offering Summary


Company

:

Project Overlord Systems Inc.

Corporate Address

:

8 Marketplace Suite 300, Baltimore, MD 21202

Offering Minimum

:

$9,999.22

Offering Maximum

:

$1,069,998.93

Minimum Investment Amount

(per investor)

:

$249.48











Terms


Offering Type

:

Equity

Security Name

:

Common Class A Shares

Minimum Number of Shares Offered

:

11,627

Maximum Number of Shares Offered

:

1,244,185

Price per Share

:

$0.86

Pre-Money Valuation

:

$37,291,590.00











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

Investment Incentives and Bonuses*

Friends and Family Early Birds

Invest within the first 72 hours and receive 20% bonus shares

Super Early Bird Bonus

Invest within the first week and receive 15% bonus shares

Early Bird Bonus

Invest within the first two weeks and receive 10% bonus shares

$500+

Level I - Project Overlord Bronze

Become part of the Project Overlord (PO) Investors Club* + Exclusive Project Overlord T-Shirt + 3% bonus shares 

$1000+

Level II - Project Overlord Silver

Become part of the Project Overlord (PO) Investors Club* + Receive an exclusive RimTech T-Shirt + 5% bonus shares

$2500+

Level III - Project Overlord Gold

Become part of the Project Overlord (PO) Investors Club* + an exclusive RimTech T-Shirt + Receive an exclusive Project Overlord Polo Shirt + RimTech Logo Hat + 10% bonus shares

$5000+

Level III - Project Overlord Platinum

Become part of the Project Overlord (PO) Investors Club* + Receive an exclusive RimTech Polo Shirt + exclusive RimTech T-Shirt + RimTech Logo Hat + Project Overlord 1/2 Zip Performance Pullover + 15% bonus shares + (1) Launch edition RimTech enabled product unit + Early Pre-Launch Beta App Access

$50,000+

Elite Level - Project Overlord Angel

Become part of the Project Overlord (PO) Investors Club* + Receive an exclusive RimTech T-Shirt + RimTech "NEXT LEVEL" Polo Shirt + RimTech Logo Hat + Project Overlord 1/2 Zip Performance Pullover + 30% bonus shares + Community Outreach Advisory Board Seat + (2) Launch edition RimTech enabled product units + Early Pre-Launch Beta App Access

$90,000+

Board Level - Project Overlord Advisory Board

Receive an exclusive Project Overlord (PO) "Board Member" Polo Shirt + Receive an exclusive RimTech T-Shirt + RimTech "NEXT LEVEL" Polo Shirt + Project Overlord 1/2 Zip Performance Pullover + RimTech Logo Hat + 50% bonus shares + Advisory Board Seat + (4) Launch edition RimTech enabled product units + Early Pre-Launch Beta App Access + (1) Future Launch edition 'NEXTUP' product enabled product unit (Either FIRE for Motorcycles or DASH for Bicycles)

*Project Overlord (PO) investors club: Monthly investor-facing news and updates, quarterly zoom seminar with directors and/or technology experts

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Project Overlord Systems Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Class A Shares at $1.89 / share, you will receive 10 additional Common Class A Shares, meaning you'll own 110 shares for $189. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any).

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$159,407.00 USD
$130,240.00 USD
Cash And Cash Equivalents
$48.00 USD
$0.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$8,784.00 USD
$0.00 USD
Long Term Debt
$31,149.00 USD
$0.00 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
-$61,254.00 USD
-$61,032.00 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.


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