*All perks occur after the offering is completed.
Imagine if there was a way to store energy that you could easily harness at any time to power your home or business. Think about the money you would save and the waste you would eliminate.
Well, here at WISE Power, we have created a lifestyle management system that is making this idea a reality through the invention of technology.
Technology that combines Internet of Things with Power Storage -- allowing people to store energy to later power their homes and businesses. This technology will connect us to all of the internet-enabled devices in our homes and lives, allowing users to easily monitor and control appliances and electronic devices through a smartphone, tablet or computer.
Here at WISE, we are on a mission to empower the world to save money, reduce waste, and control energy usage. Will you join us? We are interested in taking on investors who are passionate about disrupting the $11 billion energy storage industry.
Convertible Promissory Notes
Note converts to Preferred Stock when the company raises $3,000,000 in a qualified equity financing
Maturity Date: 04/30/2020
$10,000,000 Valuation Cap
10% Discount Rate
03% Annual Interest Rate
Maximum ($1,070,000) of Convertible Promissory Notes
Minimum ($10,000) of Convertible Promissory Notes
For details on the bonus, please see the Offering Summary below.
What is a Convertible Note?
A convertible note offers you the right to receive shares in Wise Power, Inc. The number of shares you will receive in the future will be determined at the next equity round in which the Company raises at least $3,000,000 in qualified equity financing. The highest conversion price per share is set based on a $10,000,000 Valuation Cap or if less, then you will receive a 10% discount on the price the new investors are purchasing. You also receive 03% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to either receive your investment and interest back from the company or convert into equity.
We are saving you and your customers time, money and energy (literally). And, in order to do this most effectively, we have put in the work upfront. While it has taken some time, we now have multiple patents (which you can read more about below). These will ensure we can remain competitive in the energy storage sector.
WISE Controller. (Patent No: US 9,559,522) is the Internet of Things solution to your customer's power distribution needs. It sends and receives signals from smart devices, measures electric output and monitors electric demand from appliances as well as HVAC units, electronic devices, light fixtures, and all other loads on a building’s electric grid. The WISE Controller can track your customers' energy usage, send alerts and notifications, and provide energy saving suggestions through any mobile device or computer.
The WISE Controller can integrate smart home devices such as smart thermostats, cameras, locks, lights, and all other smart home technologies. It does this by serving as a vendor-neutral Internet of Things hub that allows your customers to control all their smart devices from a single display, thus enabling true home automation. WISE software is web-based and connects with your customers’ mobile devices and computers. It’s compatible with iOS, Android, and other mobile platforms.
WISE Power On Demand (POD). (Patent No: US 9,348,384) controls, directs, harnesses, and disburses through a storage product system. This storage technology creates a microgrid to provide power to buildings while connecting them to the Smart Grid through the integrated WISE Controller. The WISE POD stores electricity using a series-tied lithium-ion battery bank combined with an ultracapacitor bank. Customers can integrate the system with alternative energy sources including solar, wind, and other intermittent renewables. The system can also charge electric vehicles and swap power with them.
WISE technology will analyze and learn about your customers' daily energy usage habits at home and alert them to ways they can change behaviors to save money and optimize their energy efficiency. These energy savings alerts can result invaluable rebates, reduced rate programs, and other incentives your customers ’electric utility may offer, thus allowing them to further reduce their electric bill. Simple event buttons allow your customers to make money- saving changes instantly.
You wake up at 6 a.m. to the smell of fresh coffee prepared exactly to your liking -- lots of cream, lots of sugar. The smart coffee maker made it five minutes before your alarm went off, so it’s still hot.
As you are making breakfast, your smart refrigerator tells you that you're low on eggs and that the milk is about to expire. You tell the refrigerator to order more of both... it places the order for the items to be delivered to your home the following day.
Once the breakfast is prepared, you sit down at the kitchen table to eat. The smart television turns on by itself and flips straight through your favorite channels. You see a show you like and say, "stop," and the television does just that.
As you get ready for work, your home’s smart lighting system automatically lights each room you enter, then switches off when you exit. This way, you know you haven’t accidentally left any lights on that will waste electricity throughout the day.
You get into your electric car that has been charging overnight. Your car charger, like the rest of you home, is powered by a WISE energy storage system which allows you to automatically optimize your energy consumption. Your WISE system is coupled with solar panels on the roof so you can generate and store your own electricity. Sometimes, you even have enough electricity left over that you can sell it back to your utility company or even your neighbors.
As you pull away from your smart home, you know your labrador, Clover, will be safe and sound. Your smart security system will alert you automatically if strangers approach the doors and will call the police if someone tries to break in. Smart smoke detectors and carbon monoxide detectors will immediately alert you to any possible emergencies and will put you in contact with the fire department if necessary.
You control the entire system through an app on your smartphones or tablets that integrates with your entire smart home to control it from a single interface. Every aspect of your smart home runs through your WISE controller which is protected by cyber-security protocols guaranteed to keep you safe and sound.
Our technology works by allowing you to store energy to use later when you need it. Not only do we monitor and manage your energy usage to identify opportunities to reduce waste, but we also integrate smart devices through a vendor-neutral hub so your customers can control them through their mobile device or computer. WISE technology empowers your customers to store electricity from the grid or renewables to save money on electric bills, shrink their carbon footprint, and control their energy usage to fit their lifestyles. It does this by allowing your customers to manage energy consumption in every room and at every switch and outlet. We manage energy at the grid's edge.
Power Your Customer's Homes
WISE technology empowers your customers to store electricity from the grid or renewables to save money on electric bills, shrink their carbon footprint, and control their energy usage to fit their lifestyles.
The WISE Controller also can integrate smart home devices such as smart thermostats, cameras, locks, lights, and all other smart home technologies, and is compatible with iOS, Android, and other mobile platforms.
In addition, WISE technology will analyze and learn about your customers' daily energy usage habits at home and alert them to ways they can change behaviors to save money and optimize their energy efficiency.
Commercial Optimization
Utility bills are a necessary part of budgeting for almost any business that owns or rents buildings to support its operations. Energy malfunctions or inefficiencies can negativity impact revenue.
These costs can be mitigated with the implementation of WISE technology that optimizes a company’s energy usage while providing a virtually unlimited source of backup energy.
WISE technology also allows businesses to integrate their building management systems with smart HVAC systems and other smart technologies to optimize energy usage and reduce electricity bills.
Network of Distributors
The WISE business model is built on a network of Partners and Distributors to market, sell and install WISE Distributed Energy products and services to customers.
As a WISE partner you will receive distribution rights to sell, distribute, and install WISE technology within your geographical territory; as well as receive proper training and certification.
You will also be trained and educated on the technical details of WISE technology, and be given marketing materials to help you communicate the benefits of WISE technology to your customers. Become a WISE Partner today.
Private Cloud
WISE is creating a private cloud to support our North American operations. Our Secure-By-Design network uses many forms of the latest technologies to capture and store data securely.
The private cloud allows users to add IoT devices from home, work, health records, and connect to Smart Cities. WISE will manage this data in our cloud. Users have access to their connected devices 24/7/365.
WISE Partners will use cloud services to distribute, sell, and service our technology in North America. The IoT and energy storage platform will capture data and move it to the cloud. The data is safely stored for use later.
The energy storage industry is booming and is expected to continue to grow at alarming rates over the next 5-10 years. The U.S. energy storage industry comprises hundreds of companies and thousands of American workers. And currently, over 60 million Americans in 13 mid-Atlantic states plus the District of Columbia are saving money and receiving the highest quality service with energy storage systems.
The IoT refers to the connection of devices (other than typical fare such as computers and smartphones) to the Internet. Cars, kitchen appliances, and even heart monitors can all be connected through the IoT. And as the Internet of Things grows in the next few years, more devices will join that list.
WISE was created through several years of research and development. The company used employee time and technology resources to study trends in energy storage and IoT . An energy storage and IoT solution was created and is coming to market. The Founder wanted to share this emerging technology with the masses and created a business model that helps businesses offer new energy storage and IoT products and services. This Distributed Energy Source System will create new entrepreneurs around the country to serve as Distributors and has the ability to create thousands of new jobs. New business opportunities are emerging in these evolving industries.
Wise Power, Inc. (dba WISE) is marketed as WISE Distributed Energy and WISE Lifestyle Management. WISE Distributed Energy offers small-scale residential and commercial energy storage. Projects are self-assessed by consumers on our website using a free proprietary Energy Assessment Tool. Project leads are emailed to our Distributors for a more comprehensive review with the consumer. Energy storage projects are performed on a project-by-project basis and sold as kWh(s) per project. Emphasis is placed on 5 kWh units series tied to 20 kWh per project. The system also connects users to internet-enabled appliances and devices in the home or business through a smartphone. The system measures the electric power consumption at the grid's edge and matches energy storage solutions to power the needs of consumers. Energy is stored in battery banks from the grid or renewables to optimize energy use.
WISE Lifestyle Management is a cutting-edge platform that uses the Internet of Things (IoT) to manage our everyday activities by integrating our smartphones and other mobile devices to Home IoT, Connected Cars IoT, Health IoT and Smart Cities. A monthly subscription plan for connected devices is sold through our distributorship network.
WISE is licensing a network of certified Distributors beginning in April 2018, based on geographic locations in the US. We used Census Tracks to assign territories for our partners to sell and install energy storage and IoT solutions. Qualified businesses are trained and certified as WISE Certified Distributors which include Resellers Rights. Ideal candidates for Distributorships are HVAC Companies, Solar Contractors, and Electrical Contractors.
Real Estate Developers, Real Estate Brokers, and Property Managers are good candidates for Resellers. These businesses are able to help consumers create the latest in home automation by connecting internet-enabled devices using a smartphone. Resellers identify opportunities and WISE provides the equipment and connectivity. Resellers receive a revenue share for the referral.
WISE developed a working prototype of the energy storage invention in 2010. Patents were filed to protect the Intellectual Property and utility patents were awarded in 2016 and 2017. Today, a team of engineers is developing the mass-market energy storage modules for testing and certification. The company is anticipating energy storage solutions will be ready for project installation by the end of 2018.
Our IoT hardware build and certification is on a faster track. We have entered a Partnership with (insert Wireless Carrier name here) to connect our devices through their North American network. Our IoT solution is secure-by-design for consumers to connect devices without fear of hackers stealing personal data. We use multiple technologies in combination to create a comprehensive IoT platform. Our system is managed through the WISE web portal.
WISE CEO discusses energy storage with President Obama and members of Congress at the Minority Business Owners CEO Roundtable.
Wise has assembled a top-notched product development team to elevate our products to the next level. We have secured contracts with an industry leader to build our network certified IoT device and Evocativo is designing and building the energy storage solution. Wise Power, Inc is marketed under two distinct brands. Our energy storage brand is Wise Distributed Energy and our IoT brand is WISE Lifestyle Management.
Store the energy to power your home. Focused on small-scale energy storage for home and business.
WISE Lifestyle management uses the Internet of Things to help consumers manage their energy use.
Software Defined Network
Generate Revenue Using Our Cutting-edge loT Platform
Monthly loT Plans Starting at $10 per month
Sell Patented Intelligent Energy Storage Solution
Install Intelligent Energy Storage Units for Home and Business
Kevin Williams, CEO of WillCo Technologies, said that this is because of the way electrical grids are designed. Although the average consumer requires significantly less power during school and work hours, the grid keeps energy limits consistently high in order to sustain through...
Kansas City's 1 Million Cups program on Wednesday featured an entrepreneurial game startup that spurs business ideas and another that helps consumers store their home's energy and save money.
The Internet of Things (IoT) market will reach $267 billion by 2020, and the Institute of Electrical and Electronics Engineers reports that there will probably be nearly 30 billion devices connected to it by then. The energy industry will likely see a large and immediate impact due to integration...
People asked Kevin Williams whether he was OK when he sold Willco Technologies just as it was peaking. But Williams knew there was a method to his apparent madness.
INVESTMENT OPPORTUNITY
Convertible Promissory Notes
Note converts to Preferred Stock when the company raises $3,000,000 in a qualified equity financing
Maturity Date: 04.30.2020
$10,000,000 Valuation Cap
10% Discount Rate
3% Annual Interest Rate*
*Annual Interest Rate subject to adjustment 10% bonus for StartEngine shareholders. See 10% Bonus below
Maximum ($1,070,000) of Convertible Promissory Notes
Minimum ($10,000) of Convertible Promissory Notes
| Company | Wise Power, Inc. |
| | |
| Corporate Address | 2500 Broadway Building F, Suite F-125 Santa Monica, CA 90404 |
| | |
| Description of Business | Wise Power, Inc. (dba WISE) WISE is a platform that supports the flow of energy and information from consumers to service providers. WISE will allow consumers to securely connect their internet-enabled devices to their smartphone, tablets, and computers. A unique Energy Assessment captures electric power use from each device connected to the electric system. WISE then stores the electricity to power the home or business. The platform then connects consumers to a network of certified professionals through our private cloud. WISE is a Distributed Energy Source system that features IoT-enabled intelligent energy storage. The patented technology allows users to securely connect to the Internet of Things (IoT) to manage a digital lifestyle and store the energy to power their homes and businesses. |
| | |
| Type of Security Offered | Convertible Promissory Notes |
| | |
| Minimum Investment Amount (per investor) | $100 |
What is a Convertible Note?
A convertible note offers you the right to receive shares in Wise Power, Inc. The number of shares you will receive in the future will be determined at the next equity round in which the Company raises at least $3,000,000 in qualified equity financing. The highest conversion price per share is set based on a $10,000,000 Valuation Cap or if less, then you will receive a 10% discount on the price the new investors are purchasing. You also receive 3% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to either receive your investment and interest back from the company or convert into equity.
Perks*
*All perks occur after the offering is completed.
The 10% Bonus for StartEngine Shareholders
Wise Power, Inc. will offer a 10% bonus on the annual interest rate for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering if they invest within a 24-hour window of their campaign launch date. For example, if invest in the first 24 hours, your annual interest rate will be 3.3% instead of 3%.
This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
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.
Distributors that invest $1,000 or more through this StartEngine campaign receive a $500 (10%) discount off the Gold Distributorship license. WISE is offering a limited number of Distributor licenses for qualified HVAC, electrical, and solar contracting companies. Click this link to learn how you can become a WISE Distributor and enter the multi-billion-dollar energy storage and Internet of Things markets: https://www.wiseiot.net/
Building owners, facility managers, and building occupants increasingly expect new buildings to be equipped with smart technology such as intelligent energy storage and smart HVAC systems. Click this link to learn how you can become a WISE Distributor and enter the growing smart building market: https://www.wiseiot.net/
Our founder built a company that developed a cybersecurity workforce compliance system for the U.S. Dept. of Defense which has more than 1.5 million registered users. Click this link to learn how you can become a WISE Distributor and enter the multi-billion-dollar market surrounding energy storage and the Internet of Things: https://www.wiseiot.net/
HVAC, electrical, and solar companies can enter the growing smart home market by selling, installing, and maintaining intelligent energy storage systems through our WISE Distributor program. Click this link to learn more: https://www.wiseiot.net/
Intelligent energy storage will facilitate the smart homes market's continued expansion. Click this link to learn how you can become a WISE Distributor and enter the growing smart homes market: https://www.wiseiot.net/
WISE Power launches WiseIoT.net to take applications for Distributor partners. We are offering a limited number of 5-year distributor licenses to sell our IoT and Energy Storage products and services. We will issue licenses on a first come, first serve basis for interested parties. Go to WiseIoT.net to register.
Hello! Recently, a change was made to the Wise Power offering. Here's an excerpt describing the specifics of that change:
Wise Power, Inc. is raising their maximum funding amount.
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.
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