When does Common offering A close?
What is the share structure?
50 million authorized shares of which 30 million is common offering, we are currently offering 7million shares of Offering A which is being sold at US$ 4.
How will the investment be spent?
Use of proceeds are as follows:
- Building and Construction – US$ 9.53 million
- Facilities and Equipment Capital – US$ 4.71 million
- Development Budget – US$ 7.31 million
- Operating Budget – US$ 2.19 million
- Payroll Expenses – US$ 3.84 million
- Expenses of Offering – US$ 0.42
What do we need from investors?
Funding of US$28 million in any non-crypto currency.
What is the relationship between ORB and NDB?
NDC Technology is a new separate company from ORB established by the senior members of ORB specifically for the development, manufacturing, and sales of NDB. As an entity, it is separate from ORB but it is supported by its experience and network.
How much is the company worth after 5 years (pre-IPO)?
The company valuation (EV/EBITDA multiple of 6.99 based on Autoparts*) is $9.796 billion.
* Analytics, I. Ratios valuation of Seabang Global Battery Co., Ltd. infrontanalytics.com (2018). Available at: http://bit.ly/2IfZfyv. (Accessed: 11 May 2018)
At what stage are we at?
We are at the point where we are ready to develop a prototype.
When would it be ready?
The product will be ready in Year 4. The production line setup is to follow with an official launch in Year 5.
What are the risks and their solution?
Risks: The fact that it is an emerging technology (new technology risk)
Solution: NDB has multiple members of highly skilled diamond nanotechnologists with vast experience in the field who has carried out projects of a similar nature.
Risk: The fact that it is made of recycled nuclear waste (compliance risk)
Solution: NDB has already hosted a meeting with the UK government the biggest holder of C-14 graphite where they have shown interest in supporting us with compliance. Other governmental talks of a similar nature are to follow.
Risk: The funds depleting before completion of development (financial risk)
Solution: Mid-development multiple patent generation to increase company value and investor interest. The generated capital will ensure us to reach the final stages of development.
Risk: Act of God (Force Majeure)
Solution: Key man and other insurances.
Where is the research carried out?
Currently, several research locations are considered and will be finalized upon funding. However, the R&D is expected to be carried out both in-house at NDB, Inc.’s facility and partners.
Who is developing it?
ORB Group’s new daughter company, NDB, Inc. Headed by CEO, Dr. Nima Golsharifi and CSO, Dr. Suguru F. Amakubo both experts in diamond technology with doctorates from UCL the 4th best university in the world.
Who are the competitors and what sets NDB apart from their technology?
Our competitors such as CityLabs (in collaboration with Lockheed Martin) are working with low power batteries that have a limited number of application but NDB has a built-in amplifier that allows this technology to be used in a far greater range of applications.
How is it made?
It is made using cutting-edge nanotechnologies such as Chemical Vapour Deposition (CVD) and plasma induced metal sputtering as well as C-14 purification.
Why do we need it?
It helps reduce the nuclear stockpile that is worth over US$100 billion globally and provide a paradigm-shifting green energy solution. It is particularly complimentary for the emerging concept ‘Internet of things’ where sensors are installed in almost everything. NDB could be used to power these sensors constantly without the need for a power cable.
Which industry does it help?
Almost any industry that uses a battery. Including aerospace, military, medical, telecommunication, automotive, ‘Internet of things’ and mobile electronics.
How new is it?
It is extremely new, it is an emerging technology with no patents or scientific publication to date.
How does it work?
It uses the radiation energy from the nuclear waste to release electrons in diamond. The electrons will then be collected to become electricity.
Why is it useful?
Since NDB does not run out of charge for thousands of years, it does not need to be replaced or recharged meaning users will no longer need to worry about their devices running out of charge unexpectedly. Since it is made from recycled nuclear waste it can also reduce the nuclear waste stockpile that is expensive to store. Additionally, since the by-products of the device are harmless non-radioactive substances it effectively denuclearises the toxic waste.
What is NDB?