CLOSED
GET A PIECE OF RIMTECH BY PROJECT OVERLORD
Advanced Wheel Theft Protection and Recovery
Show more
TEAM
Michael Fischer • Chief Executive Officer
Read More
David Snider • Chief Operations Officer
Read More
Rich Haddad • Senior Advisor Toll Manufacturing & Government Contracting
Read More
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.
g
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.
g
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).
(or click)
ABOUT
HEADQUARTERS
8 Marketplace Suite 300
Baltimore, MD 21202
WEBSITE
View Site
TERMS
RimTech by Project Overlord
Overview
PRICE PER SHARE
$0.86
DEADLINE
Sep. 29, 2022 at 6:59 AM UTC
VALUATION
$37.29M
FUNDING GOAL
$10K - $1.07M
Breakdown
MIN INVESTMENT
$249.40
MAX INVESTMENT
$1,069,999.96
MIN NUMBER OF SHARES OFFERED
11,627
MAX NUMBER OF SHARES OFFERED
1,244,186
OFFERING TYPE
Equity
SHARES OFFERED
Common Class A Shares
Maximum Number of Shares Offered subject to adjustment for bonus shares
*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
PRESS
ALL UPDATES
08.29.22
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the RimTech by Project Overlord offering. Here's an excerpt describing the specifics of the change:
Issuer is extending campaign end date.
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.
08.01.22
Founder Terrence Gaskin named to top 100!
Our founder Terrence Gaskin, has been named to the top 100 US Startup Tech Founders! After getting us started, Terrence Gaskin, is extremely honored to be included on a list of such accomplished individuals. His inclusion speaks to the technology of RimTech and its potential to revolutionize theft around the globe!
More coming!
REWARDS
10%
Stack Venture Club & Rewards!
Members get an extra 10% shares in addition to rewards below!
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$500
$500+
Become part of the Project Overlord (PO) Investors Club* + Exclusive Project Overlord T-Shirt + 3% bonus shares
$1,000
$1000+
Become part of the Project Overlord (PO) Investors Club* + Receive an exclusive RimTech T-Shirt + 5% bonus shares
$2,500
$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
$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
$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
$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
JOIN THE DISCUSSION
0/2500
Latoya Freeman
3 years ago
Hi, I see you've been around since 2015. What's your traction and how did you arrive at your valuation.
Show more
2
0
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
FAQS
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000 are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, they are limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Richard Koch
3 years ago
Are you experiencing any pushback by police agencies that don't have time or aren't interested in crimes of this nature?
Show more
2
0