DEWLine propulsion system health monitor to receive funding via
2016 JOBS Act crowdfunding, allowing small private investors to participate in early-stage opportunities.
October 31, 2019 – Annapolis, Maryland. Timbolier Industries, Inc. announced today an alliance with MainVest of Salem, Mass. to secure funding for the completion of Timbolier’s DEWLine dynamic early warning system for marine propulsion. DEWLine gives vessel pilots a wealth of information at the helm to ensure vessel safety and longevity of drive line components. MainVest, an SEC-regulated Regulation Crowdfunding (RegCF) portal, will leverage both an existing investor base as well as new investors, which can be both accredited and non-accredited, to finance the final phase of DEWLine’s development and go-to-market strategy, targeting the 250,000 registered vessels in the US between 38’ and 150’ in length.
“MainVest is the perfect partner for a company like Timbolier that is targeting a specific market niche,” remarked John Cox, CEO of Timbolier. “Most crowdfunding sites are geared toward consumer products or philanthropy. MainVest allows small investors to get in on the ground floor of companies who are solving real problems for businesses on Main Street and share in their success.” A summary of the offering may be found at www.mainvest.com/businesses/timbolier.
MainVest will leverage its SEC-regulated platform and existing investor base to secure funding for Timbolier’s DEWLine product. “DEWLine is a great fit for our community,” explained Nicholas Mathews, CEO of MainVest. “Timbolier is addressing an important market need, by giving boat captains the ability to leverage advanced analytics and cloud computing to head off problems before they cascade into a system failure that could place property or even lives at risk. When there’s a market that demonstrates a clear need for a product, allowing that market to invest in the solution and see potential returns is extremely powerful and lends additional market validation.”
DEWLine, for “Dynamic Early Warning” system, is a suite of marine electronics that monitor a broad array of engine parameters and present data to the ship’s captain in an intuitive touchscreen interface. DEWLine goes far beyond traditional electronic control modules (ECM’s) found on modern engines. DEWLine monitors three times as many engine parameters and allows the pilot to set custom alarm thresholds that dynamically adjust to environmental conditions. What’s more, engine measurements are tracked over time for baseline comparison. Advanced algorithms and cloud data storage to warn of deteriorating components, as well as the evaluation of operation and maintenance routines.
The MainVest platform is licensed under the Securities and Exchange Commission’s “CF” crowdfunding regulations, created pursuant to Title III of the JOBS Act (2016). Regulation CF allows persons to invest who do not meet the SEC definition of an Accredited Investor, required for Regulation D private placements. MainVest offers investors at all income levels the chance to support small businesses that are important to local economies, while at the same time tapping the growth potential of early stage investment opportunities.
MainVest is a community investment platform and Regulation Crowdfunding portal that empowers communities and small business entrepreneurs by allowing everyday Americans to invest in the local businesses they care most about and share in their wealth and success. Through MainVest, individual community members invest in local businesses through financial instruments designed to align incentive and drive successful economic growth. This model encourages investors to become champions of the business, not just supporting it financially but frequenting it and inviting others to do the same. Over $1.5MM has been invested in local businesses on MainVest’s platform to date.
About Timbolier Industries
Timbolier is a leading developer of marine propulsion components and systems. Based in Annapolis, Maryland, Timbolier manufactures advanced inboard propeller designs, rebuilds marine diesel engines, and develops electronic systems to enhance the usability and life expectancy of propulsion components. Information is available at www.timbolier.com or by calling +1.410.317.4628.
MainVest: Nick Mathews, CEO, firstname.lastname@example.org, 978-815-6037
Timbolier Industries: John T. Cox, CEO, email@example.com 410.317.4628 x707
FINAL: 10/31/2019 2:32PM EST