"By the age of 21 Meade Lewis was the chief information technology officer (CITO) of multiple oil and gas firms where he focused on resea...
Capable of preventing 93 leaks per year for the average sized customer, saving them over $18M every year.
Targeting a $8.72 Billion addressable market.
Subscription-based business model; recurring income.
6 game changing patents in the works, many more to come.
A projected 96% AI-assisted accuracy in determining pipeline risks.
Our solution set is three parts:
A hardware device, using Internet of Things technology, collects data using the most important variables to pipeline longevity. This data is then transmitted wirelessly to our cloud-computing systems. Finally, this data is analyzed by artificial intelligence modules to help see risks humans cannot.
Our Internet of Things (IoT) devices are rigorously tested to meet the demands of the industry.
Recording this data at up to 48 data-points per second, this data is submitted to our cloud-based storage for review from our Artificial Intelligence modules.
Thousands of miles are added every year to the already enormous, 2.5 million mile network of pipeline.
A medium-sized company can save over $18 million dollars by switching to our artificial intelligence system, allowing that customer to avert 93 leaks every year.
Our technology not only alerts stakeholders in the case of a sudden disaster such as an earthquake, but using our AI, we analyze the longevity of the pipeline and its wear to predict failures.
Through what we call our "Experimental Partner" program, we are perfecting our technology with some of the biggest names in natural gas.
Targeting mid-sized pipeline and production companies in Pennsylvania, West Virginia, Ohio, and Texas, we are aiming to gain dozens more customers within first six months of production.
Our business model is two fold:
Customers pay for a subscription fee based on how many devices they have. These subscription tiers are below:
We want to overwatch every pipeline in this country; All 2.4 million miles. That will be nearly 500,000, industry changing, devices deployed.
We are aiming to capture 5% of the pipeline monitoring market in the next five years.
After solving the midstream pipeline crisis, we plan to design three systems to further expand our reach on revolutionizing the oil and gas industry:
Our objective in these projects is to become the "missing link" between the oil and gas market of today and the energy source of tomorrow. This, what we are terming as "Petroleum 2.0", the safe oil and gas market, will bring the industry the innovation it is so desperately in need of.
We provide our customers with many features the competition does not:
Our devices are also mounted externally; no need to tap into the pipeline. In addition, our solution is cheaper than our competition.
We are a lean, mean innovation machine. This mitigates our costs and allows us to focus on our solutions and projects.
Meade Lewis, Founder - Moving to the energy industry, Lewis was quickly elevated the Information and Technology Officer role for two growing firms. There, he managed projects and visions of radio frequency identification, hydrostatic pressure testing modules, embedded microprocessor board technology, and real-time sensing and computing systems. In this next step, he plans on bringing his leadership, inventive mind, and IoT expertise to the oil and gas, mid-stream market.
Justin Stewart, Co-Founder - During his 15 years of database admin experience, Stewart has developed proprietary processes and work products propelling project deliverables and client relationship with success. With clear vision, strong design and creation instincts, and passion for honest communication, Stewart confidently commands the helms of process efficiency and product quality. The IoT space feels like home for this gadget guru with database prowess.
With our state of the art technology set, we are on trajectory to truly shake up the industry. With petroleum demand ever increasing and thousands of miles of new pipelines made every year, pipeline monitoring will grow to meet that demand. Valued at $8.72 billion by 2026, our disruptive approach is aiming to capture 5% of that market in just 5 years.
We are focused on creating a safer petroleum industry; Petroleum 2.0. Projected to have a 96% accuracy, our Artificial Intelligence is using advanced neural networks and our IoT solution captures data at blazing speeds. Our solution will make pipeline leaks a thing of the past; No more environmental damage and oil and gas companies save money in the process. This makes our solution beneficial for everyone.
Our customers are here to stay. Not only is our service invaluable to them, but our tier-backed subscription market strategy makes sure that customers can expand their service as they need to. This means that rather than being a single purchase, customers continue to pay for the services and data we provide, producing profits to fund new projects.
The smallest investment amount that mIQroTech is accepting.
mIQroTech needs to reach their minimum funding goal before
the deadline. If they don’t, all investments will be refunded.
The Crowd SAFE is an agreement for future equity in the startup,
meaning that it can convert to equity in the future.
The Crowd SAFE is an agreement for future equity in the startup, meaning that it can convert to equity in the future.
$25,000 – $1,070,000
mIQroTech needs to raise
before the deadline. The maximum amount mIQroTech is willing
to raise is $1.07M.
No. We start there with new clients, but we are doing true, artificial intelligence once the sensors acquire enough data points
We have a lot of proprietary systems involved. Collecting all of our variables external to the pipeline, there is proprietary methodology used in that collection. Additionally, our board design, itself, as well as the artificial intelligence modules are internally produced.
Much of our methodology is still kept secret, but here is some of the information:
Vibration - Accelerometers measure the vibration in m/s2.
Metallic Wash - We measure the metal particulates flowing downstream of the pipeline.
Temperature - We measure the temperature externally using some fun math and standardized thermometers.
Geo Location - Parsed out NMEA sentences provide location within 3.6 feet.
We offered early adopters admittance to our Experimental Partnership Program where they received prototype devices so that we could test our hardware. These partnerships will continue until full scale production begins.
As of filing date, our team has no employees in the strict legal definition. Although the Justin and Meade are working full time on this project, they not count as employees for the purposes of this disclosure.
Patent filing fees, research and development, and marketing are our largest expenses.
mIQroTech successfully raised $164,145 from 344 investors on January 26, 2018
I invested because if you know what Meade Lewis has gone through, you'll realize he's one of the most driven individuals when overcoming obstacles. This company will not fail due to this. In addition, this solves a great problem with great potential.Kyle SmithInvested about 1 year ago
I invested because gas leak is a major source of greenhouse gas emissions and not enough people know about it. We need to solve this issue.John BinayInvested about 1 year ago
Appears to be a valuable service...good luck!Steven PetersonInvested about 1 year ago
I'm an offshore engineer. This has great potential and could save massive amounts of money and the environment.Don WadeInvested about 1 year ago
Usually, I don't invest in the "oil" industry for environmental reasons. However, this is about the use of technology to minimize the harmful effects of our oil dependence. I'm investing in the technology as I can it applied to other industries.Mingzhao XuInvested about 1 year ago
Because I believe in the technology and the need within the oil and gas industry. I’m a proponent of using technology to save companies and consumers money.Daniel BeiselInvested about 1 year ago
I invested because I believe in the founders and the need for a solution to this problem.Brian AndersonInvested about 1 year ago
It will work. I’m a tanker captain in the usmmJohn StewartInvested about 1 year ago
I believe in the application of the technologyJake DomskyInvested about 1 year ago
Good solution to a problemSandeep KhuranaInvested about 1 year ago
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