Corporate Overview

We believe leak detection, prevention and usage monitoring will continue to be a valuable business in a rapidly growing market. The global market for water meters, quality sensors and leak detection systems is expected to grow from $13.7 billion in 2019 to $17.4 billion by 2024 with a compound annual growth rate (CAGR) of 4.9% for the period of 2019-2024.

Leak detection devices can help reduce the frequency of water leak insurance claims by as much as 96% and severity by as much as 72% according to an industry study prepared by LexisNexis.

Our goal is not only to save consumers, insurance and property management companies money on costly plumbing leaks, but to potentially save billions of gallons of water and positively impact the environment in the process.

Notation’s product is expected to launch commercially during the third quarter of 2023 with contract manufacturing partners based in the United States. We expect a strong reception in the wholesale plumbing distribution channel. We believe this distribution model will benefit the company as it launches its planned suite of products. We intend to pursue other strategic partnerships with insurance companies, water utilities, and other water and resource conservation-driven organizations.

Our user app will have features geared towards lead generation and marketing opportunities for home service companies. We believe additional revenue streams will be available to us through in app sales to consumers and paid subscription services with revolutionary solutions for data-driven commercial partners.

We have partnered with technology firms with a strong track record of launching mobile apps, designing SAAS as well as embedded systems, digital roadmaps and strategic planning. As we prepare to launch our proprietary smart home app, we are developing a fluid and intuitive user experience and interface design with in-app purchase options, eCommerce and plan to integrate artificial intelligence/machine learning.

Our seasoned team of engineers and leading software and firmware developers have vast experience in systems integration and new product introductions with manufacturers in a variety of sectors. Our on-going development efforts and new innovations are key for the successful implementation of our multi-sector growth strategy to create shareholder value.

Our plans are to actively pursue patent protection for all of our newly developed products, both domestically and abroad. We have identified novel and proprietary technologies related to our product line, and the central focus of our patent counsel has been to work with our engineers to build a broad and defensible patent portfolio.

Upon completion of our engineered prototype, we expect to file additional patent applications with multiple claims related to advances in flow measurement, leak detection, and prevention technologies lending themselves to water damage avoidance and mitigation.