"By the age of 21 Meade Lewis was the chief information technology officer (CITO) of multiple oil and gas firms where he focused on resea...
Capable of preventing 93 leaks per year for the average sized customer, saving them over $18M every year.
Targeting a $8.72 Billion addressable market.
Subscription-based business model; recurring income.
6 game changing patents in the works, many more to come.
A projected 96% AI-assisted accuracy in determining pipeline risks.
Our solution set is three parts:
A hardware device, using Internet of Things technology, collects data using the most important variables to pipeline longevity. This data is then transmitted wirelessly to our cloud-computing systems. Finally, this data is analyzed by artificial intelligence modules to help see risks humans cannot.
Our Internet of Things (IoT) devices are rigorously tested to meet the demands of the industry.
Recording this data at up to 48 data-points per second, this data is submitted to our cloud-based storage for review from our Artificial Intelligence modules.
Thousands of miles are added every year to the already enormous, 2.5 million mile network of pipeline.
A medium-sized company can save over $18 million dollars by switching to our artificial intelligence system, allowing that customer to avert 93 leaks every year.
Our technology not only alerts stakeholders in the case of a sudden disaster such as an earthquake, but using our AI, we analyze the longevity of the pipeline and its wear to predict failures.
Through what we call our "Experimental Partner" program, we are perfecting our technology with some of the biggest names in natural gas.
Targeting mid-sized pipeline and production companies in Pennsylvania, West Virginia, Ohio, and Texas, we are aiming to gain dozens more customers within first six months of production.
Our business model is two fold:
Customers pay for a subscription fee based on how many devices they have. These subscription tiers are below:
We want to overwatch every pipeline in this country; All 2.4 million miles. That will be nearly 500,000, industry changing, devices deployed.
We are aiming to capture 5% of the pipeline monitoring market in the next five years.
After solving the midstream pipeline crisis, we plan to design three systems to further expand our reach on revolutionizing the oil and gas industry:
Our objective in these projects is to become the "missing link" between the oil and gas market of today and the energy source of tomorrow. This, what we are terming as "Petroleum 2.0", the safe oil and gas market, will bring the industry the innovation it is so desperately in need of.
We provide our customers with many features the competition does not:
Our devices are also mounted externally; no need to tap into the pipeline. In addition, our solution is cheaper than our competition.
We are a lean, mean innovation machine. This mitigates our costs and allows us to focus on our solutions and projects.
Meade Lewis, Founder - Moving to the energy industry, Lewis was quickly elevated the Information and Technology Officer role for two growing firms. There, he managed projects and visions of radio frequency identification, hydrostatic pressure testing modules, embedded microprocessor board technology, and real-time sensing and computing systems. In this next step, he plans on bringing his leadership, inventive mind, and IoT expertise to the oil and gas, mid-stream market.
Justin Stewart, Co-Founder - During his 15 years of database admin experience, Stewart has developed proprietary processes and work products propelling project deliverables and client relationship with success. With clear vision, strong design and creation instincts, and passion for honest communication, Stewart confidently commands the helms of process efficiency and product quality. The IoT space feels like home for this gadget guru with database prowess.
With our state of the art technology set, we are on trajectory to truly shake up the industry. With petroleum demand ever increasing and thousands of miles of new pipelines made every year, pipeline monitoring will grow to meet that demand. Valued at $8.72 billion by 2026, our disruptive approach is aiming to capture 5% of that market in just 5 years.
We are focused on creating a safer petroleum industry; Petroleum 2.0. Projected to have a 96% accuracy, our Artificial Intelligence is using advanced neural networks and our IoT solution captures data at blazing speeds. Our solution will make pipeline leaks a thing of the past; No more environmental damage and oil and gas companies save money in the process. This makes our solution beneficial for everyone.
Our customers are here to stay. Not only is our service invaluable to them, but our tier-backed subscription market strategy makes sure that customers can expand their service as they need to. This means that rather than being a single purchase, customers continue to pay for the services and data we provide, producing profits to fund new projects.
Your name on the "investors" page of our website to thank you. You can choose not to have your name listed.
Limited (110 left of 250)
Our engineering runs off of coffee. You get an investor exclusive mug with our logo to show your support. (All of the above included)
Get your very own mIQroTech t-shirt to show off your investor status! (All of the above included)
Get access to live Q&A/progress sessions with the Founder and Co-Founder over webcam! (All of the above included)
An individual meeting with the Founder via webcam! (All of the above included)
Limited (21 left of 25)
Get invited to an exclusive investor event/party at our office to celebrate the completion of the campaign! (All of the above included)
Limited (48 left of 50)
Get invited out to the lovely State College, Pennsylvania, where we will travel to see our devices in action! We also enjoy food, so let's do dinner and coffee! (All of the above included)
Limited (5 left of 5)
No. We start there with new clients, but we are doing true, artificial intelligence once the sensors acquire enough data points
We have a lot of proprietary systems involved. Collecting all of our variables external to the pipeline, there is proprietary methodology used in that collection. Additionally, our board design, itself, as well as the artificial intelligence modules are internally produced.
Much of our methodology is still kept secret, but here is some of the information:
Vibration - Accelerometers measure the vibration in m/s2.
Metallic Wash - We measure the metal particulates flowing downstream of the pipeline.
Temperature - We measure the temperature externally using some fun math and standardized thermometers.
Geo Location - Parsed out NMEA sentences provide location within 3.6 feet.
We offered early adopters admittance to our Experimental Partnership Program where they received prototype devices so that we could test our hardware. These partnerships will continue until full scale production begins.
As of filing date, our team has no employees in the strict legal definition. Although the Justin and Meade are working full time on this project, they not count as employees for the purposes of this disclosure.
Patent filing fees, research and development, and marketing are our largest expenses.
mIQroTech successfully raised $164,145 from 344 investors on January 27, 2018
To protect the Mother Earth from more Oil spills!Patricia RegaliaInvested 4 months ago
I didn't cancel. I was not avail to access site for a few weeks do to some family issues. How can I get my investment back into your Business as I really love your concept. Sincerely Randy Lorek.Randy LorekInvested 5 months ago
I invested because I believe in this technology and I think it will be a game changer for the industry. Securing our nation’s pipelines is paramount.Gregory AndersonInvested 5 months ago
The technology appears to be sound with future growth potential.Danny RayInvested 5 months ago
Future returnDawn ElleroInvested 5 months ago
This is a huge market and an answer to a problem that will effect millions to billions of people.Daphne NicholsonInvested 5 months ago
I invested because I want to see them succeedTsering GurungInvested 5 months ago
I have decided to invest in MIQroTech, due to change. Many times, we don't make a change until something happens. Well, this technology helps to prevent, and resolve a problem that can have disasterous affects to the environment, and it's people.Ian WingfieldInvested 5 months ago
The growing market for this product.Arthur MulhernInvested 5 months ago
Oil industry needs new innovative products and services for production at the same time protection of the environmentSteve LehenbauerInvested 5 months ago
I believe this is good opportunity (IoT, Analytics in Oil & Gas Industry). Wishing Mr. Meade Lewis Good Luck to complete the product before the deadlines and convince customers to deploy the solutions and get us good returns.KISHORE GADHIRAJUInvested 5 months ago
I invested because I believe in mIQroTeck technologyAhmad SiddikInvested 5 months ago
I believed in the project.Elie FeghalyInvested 5 months ago
Fascinating upside potential.Yvette KorellInvested 5 months ago
Looks like good techCraig SchottInvested 5 months ago
I invested in MiQroTech because the oil and gas industry will grow over the next 3 years during the current presidential administration. The product looks promising and subscription businesses are easy to forecast as far as income.Patrick O'TooleInvested 5 months ago
Their tech stack is phenomenal and it answers a cause.Nithin KashyapInvested 5 months ago
I think the service that mlQroTech is providing would help the environment regarding gas and oil leaks and save a lot of money for pipeline companies.Karen SmithInvested 5 months ago
innovativeBenoit CouturierInvested 5 months ago
I care about our environment yet wish to see more jobs in oil and gasdavid richardsInvested 5 months ago
Investors should verify any issuer information they consider important before making an investment.
Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.
Republic does not verify information provided by companies on this Portal and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Portal can be found by searching the EDGAR database.