Start-up funds will be used as operating capital to supplement grant and private monies as part of a larger project. The larger goal is to bring renewable energy infrastructure to Appalachia, where the WTE systems were invented. This includes rotary kiln, gasification, and solar power components. We have customers interested at the city, county level in Kentucky and government land is available for factory facilities to manufacture and ship Phoenix 21 units to other states and global customers (we have customer interest from China, Saudi Arabia, Brazil, and Israel) after production begins. Millions of dollars have been invested globally in order to optimize Waste-to-Energy; however, to date, most systems require extensive pre-treatments including sorting, drying, shredding along with transporation costs to locations where large systems handle waste due to high costs involved with installation, operation, and repair. We solve the needs of smaller locations that may not have adequate funds or waste supplies to warrant larger systems. Our systems are also scalable to meet customer needs for large cities. There are no commercial products, services or innovations that are already in the market that compete with our novel improvements; we predict product sales and income from our WTE systems within approximately 18 months of funding. We are unaware of any related research and commercial innovations currently available and a patent and public information search has confirmed this (the USPTO will confirm as we prosecute our patent/s). The proposed project builds upon previous work by team members and in the WTE industry. If successful, we predict that our products will find market acceptance, become profitable, create jobs, and grow the economy locally in KY, in the US and eventually globally. Team members offer success in taking start-up companies from ideas through R&D and to product sales in highly competitive markets such as biotech, software, IT, environmental quality, and WTE. Over ten total patents have been granted to team members (including in WTE, gasification, agriculture, and biotech areas) not including patent that are in the process of being submitted.
We have interested customers at city and county levels in Kentucky (3 initial sites in contract negotiation stages). We have customers interested from other counties and these customers request both the large and small units depending on the need of the particular project. Start-up costs will allow customers to view a working protoype. Software to control the systems was developed with the Israeli government and this country is interested in WTE and biochar products in particular. The main users include community sites that have landfills at growing or near capacity; these communities have income to pay for our systems from their local tax payers who pay for utilities/trash collection services. We offer the communities lower costs for handling their waste while also producing income from waste by-products such as biochar for soil remediation. Waste handling, minimizing greenhouse gases and carbon in the environment , as well as better soils and food products are urgent needs that are solved by our company and products.
Other companies indicate that they have smaller WTE units that are scalable to customer needs; our market research indicates that severe problems exist according to complexity, maintenance, and associated costs so that most smaller regions are not able to afford them or to keep them in operation. construction of small scale. Our WTE systems are beneficial because they avoid the economic and environmental impacts associated with the long distance transfer of waste, burning of waste, and increasing the landfill and plastic waste burden. We offer units that can process 5 tons of waste per day, which is the size requested by small cities of approximately 2,000 or fewer inhabitants; costs of waste handling more than adequately cover the cost of the small Phoenix 21 model. This will be our first economic model for profitability: A working system will ensure signature stages for our global customers who request both large and small units due to their unique advantages.
Khrys Varney, CEO, Nanostart