IPG - Revision history

95.149.241.133 at 03:15, 20 August 2022

2022-08-20T03:15:37Z

← Older revision		Revision as of 04:15, 20 August 2022
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	== References and notes ==		== References and notes ==

			__INDEX__

172.18.0.2: /* Debt Facility[1] */

2022-07-08T17:50:09Z

Debt Facility[1]

← Older revision		Revision as of 18:50, 8 July 2022
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	== Valuation<ref name=":0" /> ==		== Valuation<ref name=":0" /> ==
	Please note the company valuation listed on the campaign is £15M as this is calculated on a fully diluted basis taking into account all future rights to equity including the employee option pool. Without taking this into consideration the valuation would be £14M.		Please note the company valuation listed on the campaign is £15M as this is calculated on a fully diluted basis taking into account all future rights to equity including the employee option pool. Without taking this into consideration the valuation would be £14M.

	~~== Debt Facility<ref name=":0" /> ==~~
	The company currently has a rolling debt facility with the Chairman which is secured against an R&D tax credit due to the company to the amount of approximately £420,000. At any time the company can borrow against this amount at 5% interest. The amount outstanding on this facility is currently zero.

	== Outstanding Commitments<ref name=":0" /> ==		== Outstanding Commitments<ref name=":0" /> ==

>George at 15:30, 8 July 2022

2022-07-08T15:30:26Z

← Older revision		Revision as of 16:30, 8 July 2022
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	IPG is replacing the diesel generator with a pollutant-free, low-cost, multi-fuel alternative.		IPG is replacing the diesel generator with a pollutant-free, low-cost, multi-fuel alternative.

	== Summary ==		== Summary<ref name=":0">Source: Seedrs.</ref> ==

	* £1m pilot project with National Highways and Cranfield University		* £1m pilot project with National Highways and Cranfield University
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	<vimeo>718743363</vimeo>		<vimeo>718743363</vimeo>

	== Operations ==		== Operations<ref name=":0" /> ==
	~~We believe~~ diesel generators are the dirty secret of the energy transition. From temporary power at construction sites and festivals to backup power for hospitals and data centres, on-demand, distributed power is essential.		IPG believes diesel generators are the dirty secret of the energy transition. From temporary power at construction sites and festivals to backup power for hospitals and data centres, on-demand, distributed power is essential.

	Diesel gensets accounted for 53% of the distributed power market in 2019, with their value set to almost double to $30bn by 2030. ~~We need~~ a net-zero replacement for this industry giant, yet progress is slow.		Diesel gensets accounted for 53% of the distributed power market in 2019, with their value set to almost double to $30bn by 2030. IPG needs a net-zero replacement for this industry giant, yet progress is slow.

	Replacing diesel generators means businesses switching to hydrogen or biofuels. Yet, with no clear, single, fuel of the future, businesses cannot risk the switch to generators designed for just one fuel. But without this demand, fuel suppliers won’t invest in greater production – a chicken-and-egg scenario that could stall climate action.		Replacing diesel generators means businesses switching to hydrogen or biofuels. Yet, with no clear, single, fuel of the future, businesses cannot risk the switch to generators designed for just one fuel. But without this demand, fuel suppliers won’t invest in greater production – a chicken-and-egg scenario that could stall climate action.
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	The IPG Flameless Generator aims to break this cycle.		The IPG Flameless Generator aims to break this cycle.

	~~Our~~ patented flameless combustion delivers pollutant-free power from any fuel, giving businesses confidence to switch to net-zero fuels today knowing they will always have clean power on demand.		Its patented flameless combustion delivers pollutant-free power from any fuel, giving businesses confidence to switch to net-zero fuels today knowing they will always have clean power on demand.

	Substantial accomplishments to date		Substantial accomplishments to date
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	* Commercial discussions with leading UK construction companies and international mining group for participation in product trials.		* Commercial discussions with leading UK construction companies and international mining group for participation in product trials.

	IPG has secured strategic partnerships with development and manufacturing experts, which is key to creating a fully-costed, stressed-tested blueprint for volume production of ~~our~~ product. Partners include:		IPG has secured strategic partnerships with development and manufacturing experts, which is key to creating a fully-costed, stressed-tested blueprint for volume production of its product. Partners include:

	* Chasestead - prototype and low volume production specialists		* Chasestead - prototype and low volume production specialists
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	IPG has received multiple award wins and shortlistings, and has been featured in leading industry publications.		IPG has received multiple award wins and shortlistings, and has been featured in leading industry publications.

	== Monetisation strategy ==		== Monetisation strategy<ref name=":0" /> ==
	~~We intend~~ to sell and rent IPG Flameless Generators to B2B customers:		IPG intends to sell and rent IPG Flameless Generators to B2B customers:

	* The business model for ~~our~~ MVP pilot trial partners in ~~our~~ beachhead markets is already to buy, lease, or rent ~~their~~ existing generators.		* The business model for its MVP pilot trial partners in its beachhead markets is already to buy, lease, or rent its existing generators.
	* Direct and indirect sales revenues would reduce the capital intensity of ~~our~~ rental model and increase total unit demand, helping to lower manufacturing costs.		* Direct and indirect sales revenues would reduce the capital intensity of its rental model and increase total unit demand, helping to lower manufacturing costs.
	* Rental or Energy as a Service (EaaS) would secure recurring revenues and ~~we believe~~ would open additional revenue channels from renewable fuel supply, leveraging cost and carbon arbitrage potential from ~~our~~ fuel-flexibility.		* Rental or Energy as a Service (EaaS) would secure recurring revenues and IPG believes would open additional revenue channels from renewable fuel supply, leveraging cost and carbon arbitrage potential from its fuel-flexibility.
	* ~~We "Contract Manufacture" our~~ product to supply chain partners, which ~~we believe~~ creates a low-cost scalable blueprint for production that can be deployed in new territories to match anticipated growing demand.		* IPG 'contract manufactures<nowiki>''</nowiki> its product to supply chain partners, which it believes creates a low-cost scalable blueprint for production that can be deployed in new territories to match anticipated growing demand.
	* ~~We are~~ proving ~~our~~ value proposition in adjacent markets (EV charging, grid infrastructure) via innovation projects that validate ~~our~~ scaling potential.		* IPG is proving its value proposition in adjacent markets (EV charging, grid infrastructure) via innovation projects that validate its scaling potential.

	== Use of proceeds ==		== Use of proceeds<ref name=":0" /> ==
	~~We're~~ raising to enable customers to replace their diesel generators. These funds will be allocated as follows:		IPG is raising to enable customers to replace their diesel generators. These funds will be allocated as follows:

	Staff & New Hires - 50%		* Staff & New Hires - 50%
			* Product development & Trials - 30%
			* Overheads - 15%
			* Marketing - 4%
			* Patents - 1%

	~~Product development & Trials - 30%~~		Its target timeline is as follows:

	~~Overheads~~ - ~~15%~~		* 2022-23 – MVP trials
			* 2023-24 – Commercial trials
			* 2024-25 – Low volume manufacturing
			* 2025-26 – High volume manufacturing

	~~Marketing - 4%~~		== Valuation<ref name=":0" /> ==

	~~Patents - 1%~~

	~~Our target timeline is as follows:~~

	~~2022-23 – MVP trials~~

	~~2023-24 – Commercial trials~~

	~~2024-25 – Low volume manufacturing~~

	~~2025-26 – High volume manufacturing~~

	== Valuation ==
	Please note the company valuation listed on the campaign is £15M as this is calculated on a fully diluted basis taking into account all future rights to equity including the employee option pool. Without taking this into consideration the valuation would be £14M.		Please note the company valuation listed on the campaign is £15M as this is calculated on a fully diluted basis taking into account all future rights to equity including the employee option pool. Without taking this into consideration the valuation would be £14M.

	== Debt Facility ==		== Debt Facility<ref name=":0" /> ==
	The company currently has a rolling debt facility with the Chairman which is secured against an R&D tax credit due to the company to the amount of approximately £420,000. At any time the company can borrow against this amount at 5% interest. The amount outstanding on this facility is currently zero.		The company currently has a rolling debt facility with the Chairman which is secured against an R&D tax credit due to the company to the amount of approximately £420,000. At any time the company can borrow against this amount at 5% interest. The amount outstanding on this facility is currently zero.

	== Outstanding Commitments ==		== Outstanding Commitments<ref name=":0" /> ==
	The company currently has an outstanding project with Cranfield University as part of its National Highway’s Project. The work due on this project is at an agreed maximum cost of £120K. This work is still owed and has been factored into cash flow forecasts, the company believes that the value of this work to be £80K.		The company currently has an outstanding project with Cranfield University as part of its National Highway’s Project. The work due on this project is at an agreed maximum cost of £120K. This work is still owed and has been factored into cash flow forecasts, the company believes that the value of this work to be £80K.

	== Team ==		== Team<ref name=":0" /> ==

	Chairperson: John Martin Rushton-Turner		Chairperson: John Martin Rushton-Turner

>George at 15:24, 8 July 2022

2022-07-08T15:24:43Z

← Older revision		Revision as of 16:24, 8 July 2022
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	* Compatible with Hydrogen, HVO, Biofuels, Natural Gas, and Diesel		* Compatible with Hydrogen, HVO, Biofuels, Natural Gas, and Diesel

	<vimeo>718743363<vimeo>		<vimeo>718743363</vimeo>

	== Operations ==		== Operations ==

>George: Created page with "IPG logo. IPG is replacing the diesel generator with a pollutant-free, low-cost, multi-fuel alternative. == Summary == * £1m pilot project with National Highways and Cranfield University * In-kind support from a leading global generator rental company * Global diesel genset market set to almost double to $30bn by 2030 * Compatible with Hydrogen, HVO, Biofuels, Natural Gas, and Diesel 718743363 == Operations == We believe di..."

2022-07-08T15:23:59Z

Created page with "thumb|IPG logo. IPG is replacing the diesel generator with a pollutant-free, low-cost, multi-fuel alternative. == Summary == * £1m pilot project with National Highways and Cranfield University * In-kind support from a leading global generator rental company * Global diesel genset market set to almost double to $30bn by 2030 * Compatible with Hydrogen, HVO, Biofuels, Natural Gas, and Diesel <vimeo>718743363<vimeo> == Operations == We believe di..."

New page

[[File:IPG logo..jpg|thumb|IPG logo.]]
IPG is replacing the diesel generator with a pollutant-free, low-cost, multi-fuel alternative.

== Summary ==

* £1m pilot project with National Highways and Cranfield University
* In-kind support from a leading global generator rental company
* Global diesel genset market set to almost double to $30bn by 2030
* Compatible with Hydrogen, HVO, Biofuels, Natural Gas, and Diesel

<vimeo>718743363<vimeo>

== Operations ==
We believe diesel generators are the dirty secret of the energy transition. From temporary power at construction sites and festivals to backup power for hospitals and data centres, on-demand, distributed power is essential.

Diesel gensets accounted for 53% of the distributed power market in 2019, with their value set to almost double to $30bn by 2030. We need a net-zero replacement for this industry giant, yet progress is slow.

Replacing diesel generators means businesses switching to hydrogen or biofuels. Yet, with no clear, single, fuel of the future, businesses cannot risk the switch to generators designed for just one fuel. But without this demand, fuel suppliers won’t invest in greater production – a chicken-and-egg scenario that could stall climate action.

The IPG Flameless Generator aims to break this cycle.

Our patented flameless combustion delivers pollutant-free power from any fuel, giving businesses confidence to switch to net-zero fuels today knowing they will always have clean power on demand.

Substantial accomplishments to date

IPG has received £1m to undertake a prototype project with National Highways and Cranfield University, having also received in-kind support from a leading global generator rental company.

IPG is building strong commercial traction with leaders in construction, generator rental, and mining. Key achievements include:

* In-kind support of equipment to the value of ~£57,000 from a leading global generator rental company.
* A letter of support outlining ambition to explore participation in product trials from the same leading global generator rental company.
* Commercial discussions with leading UK construction companies and international mining group for participation in product trials.

IPG has secured strategic partnerships with development and manufacturing experts, which is key to creating a fully-costed, stressed-tested blueprint for volume production of our product. Partners include:

* Chasestead - prototype and low volume production specialists
* Perfect Bore Manufacturing - precision grinding and boring specialists
* QSIL - leading producer of fused quartz and technical ceramics
* Rotrex - supercharger and compressor manufacturer
* SDE Technology - tier-2 automotive manufacturer
* Zircotec - temperature-resistant coating specialists

IPG has received multiple award wins and shortlistings, and has been featured in leading industry publications.

== Monetisation strategy ==
We intend to sell and rent IPG Flameless Generators to B2B customers:

* The business model for our MVP pilot trial partners in our beachhead markets is already to buy, lease, or rent their existing generators.
* Direct and indirect sales revenues would reduce the capital intensity of our rental model and increase total unit demand, helping to lower manufacturing costs.
* Rental or Energy as a Service (EaaS) would secure recurring revenues and we believe would open additional revenue channels from renewable fuel supply, leveraging cost and carbon arbitrage potential from our fuel-flexibility.
* We "Contract Manufacture" our product to supply chain partners, which we believe creates a low-cost scalable blueprint for production that can be deployed in new territories to match anticipated growing demand.
* We are proving our value proposition in adjacent markets (EV charging, grid infrastructure) via innovation projects that validate our scaling potential.

== Use of proceeds ==
We're raising to enable customers to replace their diesel generators. These funds will be allocated as follows:

Staff & New Hires - 50%

Product development & Trials - 30%

Overheads - 15%

Marketing - 4%

Patents - 1%

Our target timeline is as follows:

2022-23 – MVP trials

2023-24 – Commercial trials

2024-25 – Low volume manufacturing

2025-26 – High volume manufacturing

== Valuation ==
Please note the company valuation listed on the campaign is £15M as this is calculated on a fully diluted basis taking into account all future rights to equity including the employee option pool. Without taking this into consideration the valuation would be £14M.

== Debt Facility ==
The company currently has a rolling debt facility with the Chairman which is secured against an R&D tax credit due to the company to the amount of approximately £420,000. At any time the company can borrow against this amount at 5% interest. The amount outstanding on this facility is currently zero.

== Outstanding Commitments ==
The company currently has an outstanding project with Cranfield University as part of its National Highway’s Project. The work due on this project is at an agreed maximum cost of £120K. This work is still owed and has been factored into cash flow forecasts, the company believes that the value of this work to be £80K.

== Team ==

Chairperson: John Martin Rushton-Turner

CEO: Toby Gill

CTO: John Grainger

Senior Product Manager: Brett Moolenscot

Senior Operations Manager: Lauren Franklin

== References and notes ==