Energy for the Outdoorsman

Lost in the woods with a cell phone out of power?  Need a night light to discourage a bear from seeking a late night snack out of the camping gear?  A small company in Canada has the solution for the wanderer who still wants the conveniences and comforts of modern life. Seaformatics Systems, Inc. has brought the WaterLily portable turbine to the market to for charging electronic devices in remote locations.

A clever device, the WaterLily system with its WindLily attachment has won acclaim from outdoor enthusiasts as well as environmental groups.  Approximately 7 inches in diameter and 3 inches deep, its triple blades can be turned by either water or wind to transfer mechanical energy into electrical power.  The device works in most situations.  Water current must be at least 1 kilometer per hour (0.7 miles per hours) and the wind must be blowing at least 10 kilometers per hour (7 miles per hour).  The device can generate up to 15 watts of power to charge smartphones, cameras, camp lights, batteries, and more.

Seaformatics Systems raised capital in early 2020, ostensibly to commercialize the WaterLily system.  The company raised $1 million in a seed round led by the Sustainable Development Technology Fund of Canada.  The fund focuses on clean technology projects and products, offering incubation services to early-stage companies.

The genius of the device seems to be shamefully squandered if sold only to campers and hikers.  The engineers are Seaformatics are well experienced in capturing power from water movement.  Thus it would seem there would be some basis to apply the design to residential or commercial applications.  Unfortunately, the corporate website is a series of dead ends that make it difficult to communicate with management or long-term strategic plans.   

Nonetheless, investors would be well served to watch Seaformatics for further updates on its progress.  Plans to expand into new markets or to extend the marketing reach for the WaterLily may require additional capital, making room for additional participants in additional round of private capital.

 

 

Neither the author of the Small Cap Strategist web log, Crystal Equity Research nor its affiliates have a beneficial interest in the companies mentioned herein.