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GET A PIECE OF LIGHTSENSE TECHNOLOGY
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Terje Skotheim, Ph.D. • CHIEF EXECUTIVE OFFICER
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Bruce Berkoff • CHIEF MARKETING OFFICER
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Wade Poteet, Ph.D. • CHIEF TECHNOLOGY OFFICER
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OVERVIEW
That’s because we are translating expensive, tabletop spectrometer instrumentation into miniaturized, handheld platforms - all with AI/ML powered optical detection technology that can serve a wide range of analytical applications.
Our focus is on utilizing this new class of tools to help solve some major problems in public health - such as detecting fentanyl and other illicit drugs in the opioid epidemic, detecting viral pathogens in the COVID-19 pandemic, as well as detecting bacterial pathogens in the food safety field.
We are a diverse and experienced group of successful scientists, engineers, and entrepreneurs focused on using modern optics techniques (especially miniaturized spectroscopy), advances in sensors and machine learning to attack problems related to public health in new, insightful ways.
THE PROBLEM
In all the critical areas of public health - the common thread is that detection and testing solutions need to be faster, less expensive and more accurate.
THE SOLUTION
Lightsense has developed a multi-spectral technology platform, the patented “Enhanced Photodetection Spectroscopy” (EPS) , a radical new spectroscopy architecture, for chemical, molecular and pathogen identification.
Our devices can address critical analytical and detection problems in multiple areas of public health - like rapid detection of illicit drugs, rapid screening for viral/bacterial pathogens, and monitoring bacterial pathogens in various parts of the food supply chain.
When it comes to the science: Spectroscopy uses light of many wavelengths to analyze objects or chemical compounds. This light energy interrogates the molecule of interest and produces a spectral response - creating what scientists call a “spectral fingerprint.” This fingerprint contains large amounts of data, and with our multispectral approach, data fusion and analysis, we can increase sensitivity. AI/ML can be used to detect known patterns and monitor samples, like in the three mentioned areas of public health, above, where we are creating solutions and partnerships.
Machine Learning is a critical feature in our technology. It not only uses algorithms to detect patterns otherwise not visible and predict outcomes, EPS spectra contain large amounts of data which are aggregated in Cloud databases, allowing monetizing them as a new subscription service.
Our business model includes both hardware and SaaS components. What makes us unique is a radical new and patented spectroscopy that integrates three or more individual spectroscopies with data fusion and machine learning analytics. Our miniaturization technology allows the construction of integrated small and handheld instruments.
Our IP can also be licensed along with products in specific domain applications. Unique solutions can be crafted for individual partners and customers justifying licensing agreements and related higher margins.
We project our various hardware platforms to cost between $5K and $20K, and we believe we can outperform more expensive competing products, both in performance and in simplicity and ease of use. We project additional revenue from software (SaaS subscriptions) and for certain applications, disposable sample holders.
THE MARKET
Our applications and technology will find applications beyond traditional areas of Public Health. We anticipate that our devices will address critical analytical and detection problems in a wide range of large vertical markets.
Here’s the Total Addressable Markets (TAMS) from our initial focus markets.
Lightsense miniaturized handheld spectrometers can be used in a variety of analysis applications with performance comparable to that of laboratory instruments, but at a dramatically lower cost, and ease of use.
Our handheld spectrometers, both current products and instruments under development, are lightweight, easy to use, accurate, faster, and less expensive than competing technologies. We believe our technology will reach a multitude of industries.
Our Traction
We completed our first seed “A1” raise with SeedInvest, and will accelerate our developments with a second “A2” seed round now.
Among our recent accomplishments, we received a Food and Beverage Magazine Award for the top 10 food safety solutions providers (Source).
The basis for the Lightsense technology portfolio has been developed by a seasoned and accomplished team over many years. Collectively, we’ve been granted over 150 patents in our careers, on a wide range of technologies.
Currently, the Lightsense patent portfolio lineup includes:
WHY INVEST
By focusing on new techniques for sample preparation and data analysis, as well as advances in sensors and machine learning - we expect to enable new solutions in areas of public health with very high sensitivity and easy-to-use products that are efficient and lower cost.
Success for us looks like ..
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
Maximum Number of Shares Offered subject to adjustment for bonus shares
10.11.22
Our crowdfunding campaign is wrapping up! We have exciting plans for the future and want you to be a part of our journey! Our campaign closes on October 11th, 11:59 pm, in less than 13 hours
Pairing sophisticated optics with best-in-class machine learning and analysis, Lightsense Technology has developed solutions for critical public health sectors - including food safety, the overuse of antibiotics, and the opioid crisis!
Thank you to all of the investors who have already invested in our company! If you haven’t yet invested or want to increase your investment, you can do so until October 11th on StartEngine at this link:
10.10.22
October 10, 2022 – Tucson, AZ – Lightsense Technology, a pioneer of multi-spectroscopic solutions to address large problems in public health — from the opioid crisis to the pandemic, food safety and quality assurance in various supply chains — and Severn Safety Supply, a trusted supplier to Law Enforcement Organizations (LEOs) across the USA, are attending the IACP conference being held in Dallas, Texas, October 15th-18th. The companies have formed a strategic partnership to help bring the newly launched DrugDetect-F1 to more markets in specific areas of North America.
“We at Severn Safety Supply are very excited to be a part of this conference and to have the opportunity to meet with leaders in law enforcement from around the globe! We are looking forward to the opportunity to demonstrate the highly effective and technologically advanced DrugDetect-F1 product to these leaders. We believe the DrugDetect-F1 will significantly increase safety for their officers by minimizing the insidious danger posed by fentanyl and methamphetamine exposure. DrugDetech-F1’s detection technology marks an important transition to a more safe and effective drug detection method. The technology behind DrugDetect-F1’s contactless, ‘point and click’ method of testing is truly remarkable. Also exciting is the fact that these tests can be completed quickly, safely and efficiently, even when the product is contained in thin transparent packaging,” Commented Jeff Hall, President of Severn Safety Supply.
“We are thrilled to partner with the experienced Severn Safety team. This show will help us both gain exposure in the handheld detector market while reaching more law enforcement organizations with our unique new tools to help with our country’s growing fentanyl problem,” remarked Bruce Berkoff, CMO of Lightsense Technology. “The DrugDetect-F1 serves as compelling evidence of the power of our new spectroscopic detection technologies, which should make law officers safer and more efficient, while helping to save lives and money.
About Lightsense Technology
Lightsense has developed groundbreaking multi-spectral technology platforms, such as the patented “Enhanced Photodetection Spectroscopy” (EPS), a radical new spectroscopy architecture, for chemical, molecular and pathogen identification. Their advanced high-sensitivity mini-spectrometer designs also enable new lightweight and inexpensive handheld devices to address large vertical markets in “public health”, such as detection of illicit drugs, rapid screening for viral/bacterial pathogens, and monitoring bacterial pathogens in the food supply chain. All products are Designed, Made, & Calibrated in the USA
INVEST in a better future for all, see our new campaign page for our SEED round with StartEngine, at, https://www.startengine.com/lightsense-technology
10.10.22
We are excited to share with you one of our banners for our upcoming demo at the IACP trade show happening October 16-18 in Dallas Texas. With a focus on our recent launch of the DrugDetct-F1 (handheld point-of-use fentanyl detector). This show will be foundational for us in generating sales with many police and police agencies from around the US and the world and creating shareholder value. Please join us on our journey to Public Health Detection Simplified! Only 5 days left to invest.
10.09.22
Our crowdfunding campaign is wrapping up! We have exciting plans for the future and want you to be a part of our journey! Our campaign closes on October 11th, only 2 days away.
Pairing sophisticated optics with best-in-class machine learning and analysis, Lightsense Technology has developed solutions for critical public health sectors - including food safety, the overuse of antibiotics, and the opioid crisis!
Thank you to all of the investors who have already invested in our company! If you haven’t yet invested or want to increase your investment, you can do so until October 11th on StartEngine at this link:
10.08.22
Our crowdfunding campaign is wrapping up! We have exciting plans for the future and want you to be a part of our journey! Our campaign closes on October 11th, only 3 days away.
Pairing sophisticated optics with best-in-class machine learning and analysis, Lightsense Technology has developed solutions for critical public health sectors - including food safety, the overuse of antibiotics, and the opioid crisis!
Thank you to all of the investors who have already invested in our company! If you haven’t yet invested or want to increase your investment, you can do so until October 11th on StartEngine at this link:
10.07.22
Our crowdfunding campaign is wrapping up! We have exciting plans for the future and want you to be a part of our journey! Our campaign closes on October 11th, only 4 days away.
Pairing sophisticated optics with best-in-class machine learning and analysis, Lightsense Technology has developed solutions for critical public health sectors - including food safety, the overuse of antibiotics, and the opioid crisis!
Thank you to all of the investors who have already invested in our company! If you haven’t yet invested or want to increase your investment, you can do so until October 11th on StartEngine at this link:
10.06.22
Lightsense Technology, a leading provider of multi-spectroscopic solutions, is announcing a new manufacturing partnership with a large international industrial company involved in making factory equipment for the high-tech global industry.
This partnership will allow Lightsense know-how and IP to be used to manufacture new tools to aid in factory production, helping to optimize production parameters as well as reduce greenhouse gas emissions and make more efficient use of inputs to generate more sustainable and profitable outputs. Additional details will be announced at a later date.
With this new partnership, Lightsense will be able to increase its revenue base and production capacity and continue its mission of improving public health, which now includes battling climate change.
Lightsense will be able to provide even more innovative solutions to the most pressing issues in public health facing our world today.
Invest now before our round closes in 7 days.
10.06.22
Our crowdfunding campaign is wrapping up! We have exciting plans for the future and want you to be a part of our journey! Our campaign closes on October 11th, only 5 days away.
Pairing sophisticated optics with best-in-class machine learning and analysis, Lightsense Technology has developed solutions for critical public health sectors - including food safety, the overuse of antibiotics, and the opioid crisis!
Thank you to all of the investors who have already invested in our company! If you haven’t yet invested or want to increase your investment, you can do so until October 11th on StartEngine at this link:
10.05.22
Our crowdfunding campaign is wrapping up! We have exciting plans for the future and want you to be a part of our journey! Our campaign closes on October 11th, only 6 days away.
Pairing sophisticated optics with best-in-class machine learning and analysis, Lightsense Technology has developed solutions for critical public health sectors - including food safety, the overuse of antibiotics, and the opioid crisis!
Thank you to all of the investors who have already invested in our company! If you haven’t yet invested or want to increase your investment, you can do so until October 11th on StartEngine at this link:
10.04.22
Our crowdfunding campaign is wrapping up! We have exciting plans for the future and want you to be a part of our journey! Our campaign closes on October 11th, only 7 days away.
Pairing sophisticated optics with best-in-class machine learning and analysis, Lightsense Technology has developed solutions for critical public health sectors - including food safety, the overuse of antibiotics, and the opioid crisis!
Thank you to all of the investors who have already invested in our company! If you haven’t yet invested or want to increase your investment, you can do so until October 11th on StartEngine at this link:
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David Slegh
3 years ago
Thank you for the great webinar. I am a returning investor and have done my homework on the Lightsense offering and its eligibility for the majority of the QSBS requirements. Similar question to what I asked during the funding round on another funding platform. I am wondering if Lightsense can provide confirmation that the company has less than $50 million in aggregate gross assets immediately after the StartEngine offering closes and that at least 80% of the company's assets are expected to be used in the active conduct of business (essentially just confirming that you are not expecting to be an investment company whose primary line of business in buying ownership in other companies). Is this something that would be possible to obtain?
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