Industrial Origami, Inc. August 28, 2009
INDUSTRIAL ORIGAMI, INC. Industrial Origami®, Inc. (www.industrialorigami.com), a privately held company based in San Francisco, develops and markets a suite of innovative material forming technologies used by leading manufacturers of consumer and industrial products. Compared with traditional manufacturing methods, our patented technologies: • Enable game-changing product innovations • Dramatically reduce manufacturing costs by 20% to 70% • Are naturally green without requiring massive new capital investments Industrial Origami licenses its technologies to leading manufacturers including Whirlpool and Eaton Electric. We are focused on several verticals including electrical enclosures, appliances, automotive and HVAC equipment. We have over 350 international patents or patent applications on our technology in more than 25 countries (including over 65 in the United States). THE BUSINESS MODEL Our revenue model is based on licensing our technology to leading high-volume manufacturers on a per-unit royalty basis. Customers, license fees as a proportion of cost savings realized on each commercially produced unit incorporating our technology. Our revenue model encourages initial adoption with a low entry barrier for new customers, and assures scalable recurring revenue as customers expand production. A portion of our revenues is also derived from professional services to accelerate deployment of our technology.
Figure 1-Typical Reference Market Products.
Traditional forming and assembly technologies often are: • Complex and inflexible • Labor intensive and require skilled labor • Use rigid and expensive tooling • Involve significant shipping and storage costs Industrial Origami’s patented sheet metal design and manufacturing solutions enable manufacturers to grapple with these challenges by delivering a manufacturing approach which dramatically reduces costs, provides greater flexibility for product innovation and enables energy and materials conservation. THE INDUSTRIAL ORIGAMI TECHNOLOGY Manufacturers use Industrial Origami’s patented fold technology to embed accurate and consistent “lance” or “smile” patterns and closure methods into sheet material.
THE MARKET OPPORTUNITY Manufacturers of metal products and components (a multi-billion dollar global industry) face fundamental challenges. Competitive pressures force manufacturers to seek ways to make their operations simpler and more flexible, allow shorter production runs with greater product variation, while getting products to market faster. Manufacturers also actively seek ways to move to leaner and more environmentally friendly manufacturing techniques. Conventional manufacturing methods have enormous difficulty addressing these challenges while also constantly reducing costs.
Figure 2- Industrial Origami Features
This allows the metal to then be folded into 3D objects with low force and very high accuracy. Our technology allows products to be formed with: • Significantly reduced part count and assembly steps