Flash Scientific Technology Inc.

Flash Scientific Technology Inc.

Lightning Prediction Technology

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Security Type
Equity
Min Investment
$100
Location
Palmetto, GA
Offering Date
January 29, 2021
Expected Close Date
April 30, 2021
Target Raise
$10.00K-$1.07M
Valuation
$10,200,000

Company Description

Flash is a newly patented weather intelligence system developed to predict lightning strikes with the utmost accuracy, and has the potential to save millions of lives and billions of dollars.

Key Deal Facts

Flash has a patented, working prototype with the unique ability to predict lightning with 15-25 minutes of lead time, 96.5% accuracy in summer and 99.6% accuracy in other seasons. The company can predict the first strike before a storm and the last strike from an active storm.
Over 4,000 people die per year due to lightning in 24 countries and lightning losses for the US economy are approaching $6-7 billion per year, affecting thirty percent of US businesses
The Flash team is made up of research meteorologists with a combined 30 years in lightning research, and industry experts representing the largest potential markets for monetary gain, namely the aviation, insurance, and public safety sectors.

Management Team / Advisory Board Bios

Jason Deese
Founder
Jason Deese, 45, is a career research meteorologist with 21 years at NOAA's National Weather Service. Prior to this service, Mr. Deese was an aviation meteorologist with NetJets Aviation in Columbus, Ohio giving precision forecasts to high profile clientelle. He then transitioned to research and operational meteorology in locations such as Atlanta, Birmigham, Jacksonville, and Tampa -locations known for their propensity to produce lightning. Mr. Deese forecasts thunderstorm development at these locations while also researching ways to predict initial lightning formation through analysis of the atmosphere and incorporation of observational data. For the last 10 years, Mr. Deese forecasted for the busiest airport in the world, Atlanta Hartsfield, where he saw the potential that a lightning prediction algorithm could bring.


Michael Winston
Advisor and Co-Founder
Mike Winston, CFA, age 42, began his career with Credit Suisse First Boston and later spent five years as a portfolio manager co-running $1B at one of the largest investment funds in the world, Millennium Partners. After leaving Millennium, Mr. Winston created the Sutton View group of companies, dedicated to forming investment partnerships on behalf of institutional and qualified investors. He has appeared on CNBC, been recognized for excellence in investing by Institutional Investor Magazine and has been quoted in the Wall Street Journal. Mr. Winston received an MBA in Finance and Real Estate from Columbia Business School in 2005, and a BA in Economics from Cornell University in 1999. Mr. Winston is a CFA Charter Holder, a board member of Blockchain Israel, and a member of the Economic Club of New York.

Ron Sandel
Advisor
Ron Sandel serves on the Board of Advisors to Flash Scientific Technology Inc. and specifically provides expertise in fundraising and overall company growth. 
Ron is a technology business executive with over 20 years experience and has advised early stage start-ups from inception to IPO and acquisition. He is currently the General Manager of HotelTonight, an Airbnb company, where he manages day-to-day operations with a focus on growth. He previously held executive positions at Yahoo and Chegg, where he led growth and operations from pre-IPO to a publicly traded company. Ron earned a BA in Economics from Brandeis University and an MBA from Columbia Business School. 


J.B. Bernstein
Advisor
J.B. Berstein serves on the Board of Advisors to Flash Scientific Technology Inc. and specifically provides expertise in marketing and fundraising.
A "Genetically Wired Entrepreneur," Bernstein has helped fund and successfully launch businesses in Packaged Goods, Trading Cards, Digital Content, Sports, TV, Supplements, Building Blocks, & New Tech.
His most recent investment in AviSight, a leading drone based Industrial Inspection company, was so intriguing, he accepted the role of CEO and is ushering in a generational paradigm shift in the industry for Oil, Gas, & Power companies worldwide.
As a 35+ year veteran of the sports marketing and packaged goods industries, Mr. Bernstein has been called an “Evolutionary Force Multiplier” in business, and is widely respected for his creative problem solving and positive results. Bernstein’s early work includes positions with Grey Advertising, Procter & Gamble, Upper Deck, and Major League Soccer before starting his own sports agency.
As founder of Access Group of Miami, LLC, he has represented some of the greatest athletes of all-time including Barry Bonds, Barry Sanders & Emmitt Smith. Bernstein was responsible for creating groundbreaking programs such as Smith’s Run With History™, which is now the standard deal in NFL for milestone marketing. He also helped orchestrate Barry Bonds’ departure from the MLBPA licensing group, making him the first baseball player to successfully operate outside of their auspices.
Most notably, Bernstein co-created The Million Dollar Arm™ contest in India, which yielded the first 2 Indian men to ever sign pro sports contracts in the US. J.B.’s story was the subject of a Disney motion picture, released worldwide on May 16, 2014. The film starred Jon Hamm as Bernstein.
J.B. serves as the chair of the Las Vegas Tiger 21 group, the premier peer membership organization for high-net-worth wealth creators and preservers, helping them navigate the challenges and opportunities that success creates. He also sits on the Board of Directors for Iqoniq and several other sports startups.
Mr. Bernstein graduated the University of Massachusetts at Amherst and has also achieved graduate degrees from USC and LSE. Bernstein currently lives in Las Vegas with his wife and daughter.


Brenda Paauwe-Navori
Advisor
Brenda serves on the Board of Advisors to Flash Scientific Technology Inc. and specifically provides expertise in the aviation and space industries. 
Founder and former President of GoGo Jet Inflight. Board Member of Jet Token and St. Thomas Yacht Club Foundation. In addition to being on several Advisory Boards, Brenda is an aviation and aerospace veteran having sold business jets valued in aggregate at over a billion dollars. She brings over 20 years of executive experience with global industry leaders including: Embraer Aircraft, Inc., Flexjet by Bombardier, Virgin Group and Antilles Genot & Partners.


Greg Fell
Advisor
Greg Fell serves on the Board of Advisors to Flash Scientific Technology Inc. and specifically provides expertise in the aviation industry and social media marketing. 
Greg is the CEO of Tsū, a social media platform that is innovating social media and e-Commerce into a platform that pays users for their content and allows them to market and sell products to their community. He is also former COO of Gama Aviation, the largest managed aircraft business in the US, flies over 200 flights a day and has over 200 planes under management across the globe. 
Mr. Fell has also served as a General Partner and Chairman in The Investors Collaborative, a Boston-based venture capital group. As a trusted leader, he formally advised several technology startup companies, and mentored young entrepreneurs on the challenges in starting a technology business. 
In this role, he served as the CEO of Hire Canvas, Chief Strategy Officer of Crisply, and Board Advisor to App Point Software. He currently serves as a Director on the Board of and IoT company Andium. 
Prior to the Investors Collaborative, Mr. Fell served as Vice President and Chief Information Officer of Terex Corporation, where he led a strategic transformation of the IT Organization. Terex is a manufacturer of industrial equipment that employs 23,000 persons in 50 manufacturing locations around the globe.
Before joining Terex, Mr. Fell spent nearly 20 years with Ford Motor Company. He started as a developer, and worked his way through a variety of management roles supporting the global Engineering and Manufacturing functions of the company. He has domain expertise on CAD/CAM/CAE systems, Lean Manufacturing, and Control Systems.
Fell is a graduate of Michigan State University, and spent several years on staff in the College of Engineering as a Senior Research Programmer, and Instructor.
His book, Decoding the IT Value Problem (John Wiley and Sons, 2013), has gained positive reviews for its research into the management issues and solutions required to make IT projects more successful.


Ehud Talmor
Advisor
Ehud Talmor (IAF Ret.) serves on the Board of Advisors to Flash Scientific Technology Inc. and specifically provides expertise in the aviation industry. 
Ehud, age 43, is a decorated, recently retired, senior officer from the Israeli Air Force with over twenty years of experience in all aspects of air combat and aircraft logistics. He began his career in 1995 as a fighter pilot and later, flight instructor. He subsequently took on a variety of supervisory roles, including F-16 deputy squadron commander. In 2007, he joined the Acquisitions Department of the Israeli Ministry of Defense and later held the position of Project Manager for three separate Air Force jet acquisition projects. The jet acquisition projects were: (1) the Beechcraft T-6II, (2) the Leonardo M-346, and (3) the Lockheed Martin F-35A (arguably the world's most advanced fighter jet). In addition to serving as Project Manager for the $3bn F-35 program, Mr. Talmor was also IAF’s Chief Instructor for the F-35. Mr. Talmor graduated from I.D.C. Herzliya in 2013 with a B.A in Psychology.


George Murnane
Advisor
George Murnane serves on the Board of Advisors to Flash Scientific Technology Inc. and specifically provides expertise in the commercial aviation industry. 
George Murnane has overall strategic and operational responsibility for the Company’s staff, programs, expansion and mission execution, as well as for developing and implementing value added initiatives to grow the Company’s business. Previously, Mr. Murnane held a number of aviation-related senior positions in management and operations (CEO / COO / CFO) at ImperialJet Europe and VistaJet (European business jet charter companies), Mesa Air Group (a US regional airline operating under contract for Delta Air Lines, United Airlines and US Airways), International Airline Support Group (a US aviation services company) and the US investment bank Merrill Lynch. He earned his Master’s in Business Administration (with Distinction) from The Wharton School and a Bachelor of Arts in Economics from the University of Pennsylvania. Mr. Murnane is also a US licensed Certified Public Accountant and a pilot with commercial, instrument and multi-engine ratings.
Amount Raised : $1,069,157
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