Ocean Aero

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City: San Diego

State: California

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Country: United States

The need to understand and protect the worlds oceans is becoming increasingly more important. As observational technologies advance and access to related data increases, the demand for low cost, high availability, unmanned platforms to host an array of observational and data recording sensors is increasing rapidly. Fulfilling the need for eco-friendly platforms and providing easy access to the acquired data is the mission of our company. Ocean Aero is a development-level company with a highly experienced management team that focused 2004-2011 on developing large, hybrid wind and electric powered Unmanned Surface Vessel (USV) platforms for the U.S. Navy. That effort produced three patents and a wealth of engineering and market knowledge. Ocean Aero represents the next generation – the creation of highly persistent, energy scavenging wind/electric vessels packaged in a smaller, man-portable configuration. The Company has designed a “game changing” highly ruggedized surface/sub-surface vessel, powered by wind and solar energy, capable of months at sea that can be deployed from land, sea or air. They have named it the “Submaran” – a new class of Unmanned Underwater, Surface Vessel (UUSV). Management plans to follow an aggressive IP technology strategy and, over time, introduce a number of variations of the base platform. The Company’s Base Case projections show revenues growing from $420,000 in 2013 to over $20 million in 2016 with a blended gross margin of 52% and cash flow exceeding 33%. The Company is seeking funding from a partner with industry knowledge that can help it develop go-to-market channels. We for-see a day when scores of these vessels will be deployed over the oceans providing essential information to science, academia, industry and government organizations. Using only the power of the wind and sun, our vessels will help the world better understand our oceans.

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