- The Pitch
In the Aviation Industry we can cut jet fuel costs in half with engines which cost only 15% of the engines we replace. We have a simpler, lower maintenance, lighter, less costly, high efficiency engine, patented. It runs on any engine fuel, produces less CO2 and saves money on fuel. It is Tomorrow’s Engine in fact.
- The Problem
Airplane engines have not improved significantly in more than sixty years. They use a form of kerosene as fuel, priced around 90% of the price of gasoline. Kerosene produces 104% as much CO2 as gasoline. The US Carrier airline fuel cost in 2015 was $30.798 Billion for all flights.
- The Solution
Our engines operate at over twice the efficiency of gas turbines, so they will operate as jets using less than half the fuel used by gas turbines. Our simpler engine can burn any clean burning fuel, resists greater acceleration than gas turbines, is lighter, requires less maintenance, and is less costly. Our engines could have saved airlines $16.015 Billion if used for all flights in 2015.
- The Opportunity
Our engines are the first great efficiency advance since the turbine, and are patented. They cost only a small fraction of turbines. Hence, we suggest leasing our engines while the patents last for 75% of the fuel savings they produce. In 2015 this would have saved the US Airline Industry $4 Billion. They also reduce CO2 production in the same proportion as costs.
- Our Competitive Advantage and Business Model
Nobody can believe that airplane manufacturers and other engine manufacturers haven’t tasked their designers with finding higher efficiency engines for 100 years. Anyone who thinks it was easy to double the best engines efficiency just hasn’t been paying attention. Significantly raising our engine efficiency, which is theoretically up to 90%, is no longer possible and is not expected in the next hundred years. That’s why we call this Tomorrow’s Engine, because it may never be beaten. While our patents last, and that includes the design patents for mechanical engineering design yet to be applied for, nobody but us can provide the fuel savings we provide. Our business model provides the engine at no cost other than installation to the airlines and makes airlines a profit over their previous operations whenever the engines are used. This will become an easy sell as time goes on. We are offering a 40% interest in the company for the small investment of $5 Million. The anticipated company valuation in 10 years is $128 Billion, an ROI of 25,600. The exact efficiency of the engines will only be known after testing and building prototypes, which are already designed.
- The Team
We will accept an investment from a VC who can staff the firm. All the current principals will be advisors or Board of Director Members at most. We will advise but we will not manage the operation.
- The Promise
We will determine real efficiency of our jets for less than $100,000Our business plan is hard to dislike on the customer side. We are offering to simply make money for the airlines with every engine they lease. We recommend that our first sales be single engines for planes with four or more engines, or, in other words, planes which can fly without using our engine. Turbines fail rarely, but they do fail. In domestic air travel approximately 117 turbines fail per year. Having several engines makes these failures routine rather than crises. We have no track record to say we will fail less often than turbines, although the simpler design suggests we will. Flying hours is the only proof of reliability. If our engine is one of four, it’s failure is also routine and not a crisis. It would take a high rate of failure we do not anticipate to make the airlines not want to use the engine. In a few years the reliability will be well known.
- The Ask
$200,000 for the option to purchase 40% of Tomorrows Airplane Engine LLC, which has all the aviation rights to Tomorrow’s Engine LLC patents, for $5,000,000. The $200,000 will be used to prove the practical efficiency of our jet engine for different engine options, and to maintain patents.