EOM Offshore Inc. (EOM) offers a unique, early stage investment opportunity to aggressively expand the commercialization of a proven, patent-pending technology developed by the Woods Hole Oceanographic Institution (WHOI). As a leader in oceanographic research and marine technologies for over eighty years, WHOI’s development efforts have resulted in more than fifteen successful spin-offs, companies earning significant returns for their investors. We expect the same from EOM Offshore.
WHOI created EOM in 2010 to consolidate and commercialize both its mature and emerging mooring technologies. Key to this spin-off is the Stretch Moor™, a flexible mooring conduit that facilitates subsea data and power transmission on moorings anywhere under any weather conditions. Now, two years later, with nearly $1 million in sales in 2011, EOM is poised to expand its marketing and sales efforts and to establish key partnerships with mooring component suppliers and assemblers worldwide. They represent a total market estimated at $650 million in annual sales with double digit growth trends in key, targeted offshore industries. Early EOM successes include winning a twenty year contract from Excelerate Energy to service and supply buoys for the right whale protection network in the Stellwagen Bank and a twenty four month history of providing complex mooring solutions to research and government customers.
EOM is raising $1 million in equity capital of which $350,000 will be offered as a convertible bridge note. Proceeds from this offering will be used to build out the management team, to fund its marketing and sales efforts, and to support related working capital requirements.
Please contact Bonnie Henry (email@example.com) to receive additional information.