traknprotect
TRANSCRIPT
An Enterprise Solution.
Track your assets. Anywhere. Anytime.
Most Important Enterprise Assets Today
Over 452M person business trips taken each year
Who does it affect?
Magnitude of the Problem
Portable Electronics:
• Over 12,000 laptops lost at US Airports alone each week - over
640,000 each year.
• Only 1/3 of all lost laptops at airports reclaimed.
• In the US, 329 organizations surveyed had lost 86,000 laptops -
that’s 260 laptops per corporation!
• 68% of healthcare data breaches since 2010 when devices or
files were lost or stolen - 90% of healthcare workers use
personal phones as part of BYOD phenomenon.
• About 45% of hospitals in US had more than 5 incidences of
data breach in 2012.
Cost of the Problem- The Billion Dollar Epidemic
M
Monetary:
• Replacement cost of these laptops = $1.8B
• $48B loss to US economy as a result of data breaches - 1/3 of
that or $13.44B due to stolen laptops & portable devices.
• HIPAA fines up to $1.7M for a stolen laptops, hard drives and USB
drives.
• Of 329 Corporations surveyed - total loss $2.1B as a result of lost
laptops or $6.4M per corporation - each stolen laptop costs $60K.
Other Costs:
• Lost Productivity - lost computer, search time & time to
set up new computer
• Liability - in case client data is compromised
• Loss of Customer Satisfaction
• Lost clients in some cases
TraknProtect Solution: Tracking Your Assets -Anywhere Anytime
Real-time alerts
of location
Tags paired
with Phones
Tags w/GPS
GPS Activated
when equipment
out of range of
phone
TraknProtect System is easy to set up & use - 2 easy steps:
1. Install
the App
2. Attach Tag to your
item & enter info into
the App
Start Tracking!
TraknProtect Provides:
Inventory of all tagged
valuables.
Real time location of all
tagged items
Real time alerts when a tagged
item is left behind or missing.
Market Opportunity
51,000
mid-large sized corporations in
the US; 411,000 law firms;
447,000 management
consulting firms; 2,374
accounting firms; 5,723
hospitals
$2800
Lifetime value per
customer over 3 yrs =
revenues in US of $2.6B
revenues at @ $100/mos (5
devices) = potential recurring
revenues of $1.1B/yr.
Monitoring
Go to Market Strategy
• Banks:
• LOI from Signature Bank in Chicago
• In conversations with others - Square One Bank.
• Law Firms:
• In conversations with 2 law firms - to obtain Letter of Intent.
• Hospitality:
• Part of IL Innovation Challenge to pitch to Hyatt - have had several
meetings with Hyatt since - in progress.
• Insurance:
• Several meetings with State Farm - next meeting Jan. 22.
• Other Business Assets:
• Fleet Complete to track their client’s assets — already has established
channel partnership relationship to track fleets with TELUS in Canada &
AT&T in the US.
• 3D Robotics - to track their drones.
Who else is doing this?
Overview
Details
Limitations
Cost
TraknProtectLojack for Laptops -
Absolute Laptop Cop
Software only: GPS
positioning of laptops
allowing for remote deletion
of laptop and theft recovery.
Hardware solution
with BLE + GPS
trackers for laptops.
Software only: GPS locating
of laptops - same as LoJack.
Preventative alerts when
the laptop is out of range of
the phone; Real-time
location of laptop to allow
for recovery.
Uses a combination of
GPS, Wifi &IP Address to
locate stolen/lost laptop.Uses Skyhook for wifi
positioning.
No software solution
yet - but can be
integrated later or
used in combination
with other software
solutions.
Laptop needs to be turned on
and within wifi range at minimum
to be tracked - and turning off wifi
is simple on any machine.
Same as LoJack
$69 per tag +
$20/month
monitoring.
$55/device licensing fee -
unclear monitoring fee. Plans range from $30/year to
$60/year.
Where we are
BLE Tag & GPS Tag prototypes
development completed; Shift from
B2C to B2B completed; Provisional
Patents filed;
Next Step: Pilot Launch with 12
entities— April 1, 2015; finalize design
of tag; engage off-shore
manufacturing.
Product Launch for all clients -
Fall 2015.
Who are we? & Why us?
Arun Sobti Co-Founder(former senior executive
@ Motorola, former CEO
@ IP Unity & Advisor to
several start-ups)
Deepak Goel Advisor(500 Startups;
PackBack; CEO Karma Circles)
Parminder Batra Co-founder & CEO(attorney with strong
background in Risk
Management & strong
relationships w/banks &
lawfirms.)
Rien HealdCTO(creating full stack, n-tier
solutions since early 90’s,
experienced with multiple
startups for over 3
decades)[email protected]
Sunil GaitondeAdvisor(1st company sold to Intel;
2nd to Cisco; CEO of 2 GS
Labs & Kpoint)[email protected]