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Security Type
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Common Stock
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Categories
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Technology, Manufacturing, Industrial
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Min Investment
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$320
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Location
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SCOTTS VALLEY, CA
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Offering Date
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May 27, 2020
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Expected Close Date
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February 03, 2023
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Target Raise
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$10.00K-$3.20M
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No. Investors
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116
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Security Price
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$1.60
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Deal Notes
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$1.00 per share
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Valuation
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$22,246,773
- Number of Employees
- 5
- Cash
- $14,428
- Revenue
- $15,145
- Short Term Debt
- $1,229,885
- Cost of Goods
- $117,973
- Long Term Debt
- $0
- Net Income
- $-810,258
Company Description
Carnot Compression has patented a method for solving the ‘heat of compression’ problem, and in the process has developed a means to drastically cut down on billions of dollars worth of wasted operating costs across a bevy of industries.
Perks
$500+ | Investor Community Access: Receive periodic updates from our executive team on key developments and major milestones
$2,000+ | 20 Horsepower: Receive 3% bonus shares
$5,000+ | 50 Horsepower: Receive 5% Bonus Shares + 30-minute call with our executives to discuss the company
$10,000+ | 100 Horsepower: Receive 5% Bonus Shares + $1,000 rebate on a future compressor purchase
$25,000+ | 250 Horsepower: Receive 5% Bonus Shares + $1,500 rebate on a future compressor purchase
*All perks occur after the Offering is completed.
Key Deal Facts
Compressors driven by electric motors consume $227B every year in electricity; Carnot has a roadmap for reducing these costs by 20% or more
Carnot has assembled leading experts from all over — including engineering PhDs, compressed air marketing veterans, and product development professionals
Huge Market - Compressed air will soon be a $40.43B market
Use of Proceeds
Research & Development: 10.0%
Marketing: 6.5%
Operations: 20.0%
Company Employment: 60.0%
StartEngine Platform Fees: 3.5%
Management Team / Advisory Board Bios
Todd Thompson
CEO and Co-Founder
Todd has over 25 years of strategic, financial, and corporate development experience. Prior to Carnot, Todd held multiple leadership roles with a publicly-traded industrial company. Todd began his career in management consulting, where he advised clients on corporate finance, strategy, and value-based management. Todd has also worked in senior roles for start-up digital media firms. Todd earned his BS in Commerce from the University of Virginia. He is a CFA Charterholder and earned his CPA designation (currently inactive) in the state of Virginia.
Hans Shillinger
COO and Co-Founder
Hans is a named co-inventor on Carnot’s patents. He is registered as a professional civil engineer in California, with a broad engineering background with an emphasis on project and engineering management. Prior to Carnot, Hans was president of an operating unit for a large civil construction firm, where he led design and construction of utility-scale solar projects worth over $150M. Hans earned his Bachelors of Applied Sciences from Cal Poly, San Luis Obispo.
Christophe Duchateau
Principal Engineering Scientist
Christophe is a process engineering specialist who worked in oil and gas R&D for 10 years, followed by 2 years in fluid flow simulations for product development. He has a proven track record in a broad range of engineering topics spanning applied thermodynamics, chemical engineering, and fluidics. Christophe earned his Ph.D. in process engineering and was a postdoctoral fellow at Stanford University.
Chris Finley
Vice President, Engineering
Chris is a mechanical engineer with over 15 years’ experience in R&D, engineering, product development, and business development for mechanical systems in oil and gas applications. Chris is a recognized cryogenics expert and has published numerous papers on cryogenics, expanders, pumps, and turbines, with a focus on LNG applications.
Kurt Schoeller
Sales and Marketing Director
Kurt Schoeller has 15 years of sales and service experience in the compressed air industry, including roles with BOGE and Atlas Copco. Kurt is also an experienced Drill Sergeant in the US Army and serves as a career counselor to military veterans.