The company is presently having early discussions with several institutional investors; such as Venture Capital firms and also Strategic Investors.
Roanoke, VA (PRWEB) March 29, 2016
PogoTec™, Inc. (http://www.PogoTec.com) announced today as part of its capital raise strategy it is adding Crowd Funding to its blended capital raise approach. The company said that its blended approach includes; Institutional Capital, Strategic Capital, Private Capital and Crowd Funding. PogoTec™ announced that it has just become listed on http://www.crowdfunder.com/pogotec/invest and http://www.equitynet.com/c/pogotec-inc . The company has raised $3M of capital prior to starting its Crowd Funding initiative. PogoTec™ is 12 months away from product launch and has lined up well recognized channel launch partners and brands for the roll out of its product offerings.
PogoTec™ is a leading developer and enabler of electronic wearable devices (EWDs) and mobile wireless power transfer. PogoTec™ has positioned itself at the nexus of four multi-billion dollar, fast growing markets:
1. The Electronic Wearable Device (EWD) Industry which is forecasted to grow from today’s ~8.0 Billion to ~$75.0 Billion in less than 10 years.
2. The Wearable Camera Industry which is forecasted to grow from 5.6 million units in 2014 to 30.6 million units by 2020. (During 2015 over 1 trillion photos were taken for the first time fueled by small cell phone cameras.)
3. The Wireless Power Industry which is forecasted to grow from 5 million wireless power transfer (WPT) devices shipped in 2012 to 1.7 billion WPT devices shipped in 2023.
4. The Global Eyewear Industry where there are ~300 Million pairs of new eyewear sold each year and ~2 Billion eyeglass wearers around the world today.
The company has developed and plans to commercialize 3 proprietary technology platforms in 2017; Pogo-Power™ (a proprietary mobile wireless power system for EWDs), Pogo-Track™ (a proprietary means for attaching EWDs to eyewear while maintaining the fashion look of such eyewear) and Pogo-Cam™ (the world’s smallest look and shoot camera that can be attached and detached to eyewear at will).
Dr. Ron Blum, PogoTec™ Founder and President stated; “I was most surprised to learn of the success certain companies are having raising capital with crowd funding. We looked at this option a year ago and decided not to pursue this type of funding. However in the last 12 months, crowd funding has gained momentum and acceptance in terms of being a credible source for obtaining capital. For this reason PogoTec™ has decided to provide this option to accredited investors desiring to invest by way of Crowd Funding. It is important to understand that PogoTec™ is not limiting its capital raising activities strictly to crowd funding. The company is presently having early discussions with several institutional investors; such as Venture Capital firms and also Strategic Investors. We must be smart as we gear up for a launch in March of 2017 (only 12 months away).”
About PogoTec™ Inc
PogoTec™, Inc is a privately owned company incorporated in Delaware. Its core initiative is to enable electronic wearable devices with a special focus on eyewear. PogoTec’s™ product offerings consist of, Pogo-Track™ a proprietary attachment means for attaching electronic wearable devices to eyewear while maintaining the fashion look of eyewear, Pogo-Cam™ the world’s smallest look and shoot camera attachable to eyewear, and Pogo-Power™ a unique wireless power transfer system for powering / charging electronic wearable devices of all types. PogoTec’s™ management team and Board of Directors have extensive experience in creating and commercializing innovation. PogoTec™ has been extremely diligent in protecting its intellectual property and has numerous patent applications filed. For more information about PogoTec™, please visit the http://www.PogoTec.com website.