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GET A PIECE OF HYPERSCIENCES
Creating access to geothermal energy with advanced rock-breaking tech.
HyperSciences accesses geothermal energy by firing projectiles towards hard rock at speeds up to Mach 5, helping us access geothermal deposits up to 5X faster and cheaper than what’s currently available. That means we can access geothermal energy just about anywhere. Geothermal heat supplies 24/7 energy and is 100% renewable. This solves the problems associated with other energy sources: fossil fuels are quickly depleting (becoming more costly), and other renewables like wind and solar have drawbacks, like intermittent power or costly storage.
Reasons to Invest
- The geothermal energy market is poised to go through the same transformation as wind and solar did a decade ago. The geothermal market value is set to grow more than 20x between now and 2032, and HyperSciences will be at the center of that ecosystem. (Source)
- HyperSciences can realize a fundamental change in the way geothermal drilling is done in time to capitalize on the geothermal market surge.
- HyperSciences patented technology is poised to revolutionize multiple industries, most immediately geothermal energy, but resource extraction (oil and minerals) and space launch are also industries we intend to ultimately capitalize upon. Your investment in our company will change the world.
*All product images included on this page are HyperSciences prototypes currently in the research & development stage and are not yet available to the public.
OVERVIEW
HyperSciences seeks to apply hypervelocity towards some of the world’s most challenging problems
HyperSciences was inspired by a 1970s DARPA initiative — Project REAM — that used high-velocity shots to break through rock. Project REAM was extremely effective but was not cost-efficient at breaking rock.
HyperCore technology is the foundation for each of our platforms: drilling, tunneling, and aerospace. It uses low-cost chemical energy to efficiently accelerate projectiles to high velocities (Mach 5 and above).
Our hypersonic accelerators robotically fire small projectiles into the ground that directly break and pulverize the rock with meteor-like energy, allowing us to reach hard-to-get energy resources, extract rare Earth metals without harmful strip mining, and quickly create transportation tunnels thanks to our ability to move earth quicker.
*Images are computer generated demo versions.
We have tested and proven our ability to drill holes 5X faster and at a lower cost than other conventional drilling applications. We are also developing the technology to 3D map subsurface geography, utilizing our continuous micro-impacts to easily locate deposits using a sonar-like process.
THE PROBLEM
Today’s geothermal wells are expensive and can’t compete with wind and solar
Because wind and solar are intermittent, geothermal is the future for clean 24/7 baseload power. Today’s geothermal drilling, however, is fundamentally too slow and thus too expensive to realize this future.
THE SOLUTION
Our enabling technology can make geothermal more affordable
HyperSciences' vision is to reduce the cost of installed geothermal wells by greater than 50% while also making them quicker to drill. The HyperCore engine, which powers our HyperDrill, is an enabling technology that can make these wells competitive with other renewable sources of power.
THE MARKET
Tens of billions of dollars in addressable market
By building a platform technology company, HyperSciences has a leg-up when it comes to market cap, allowing us to pursue the tens of billions of dollars represented by the drilling, tunneling, mining and hypersonics markets. Learnings in each business vertical help improve our overall platform technology. We see significant market opportunities across several markets where we intend to compete:
The Geothermal Energy market, expected to be valued at more than $112B by 2032 (Source), is of paramount importance to the US government, but the cost of drilling is prohibitive. To quote a recent government report on geothermal drilling technologies:
(Source)
We have plans to leverage our technology into the global mining and hypersonic technology markets, which presents opportunities across three massive markets.
OUR TRACTION
Validated by Fortune 500 companies and NASA
The key to our success has been building customer confidence through smaller demonstrations of our technology. In 2019, we completed aerospace testing with NASA. Since then, we’ve been conducting HyperDrill field trials for Shell and other major corporations under NDA. These demonstrations allow us to stair step our technology towards many applications, including a geothermal future.
OUR LEADERSHIP
Experienced leadership with a proven track record
Our engineering and advisory team is composed of experts in aerospace, hypersonics, geology, energy and mineral drilling, robotic automation and machine learning, and business. The broad team possesses the deep technical knowledge and business acumen needed to realize this revolutionary technology.
ABOUT
HEADQUARTERS
2311 E Main Ave, Suite 200
Spokane, WA 99202
WEBSITE
View Site
HyperSciences accesses geothermal energy by firing projectiles towards hard rock at speeds up to Mach 5, helping us access geothermal deposits up to 5X faster and cheaper than what’s currently available. That means we can access geothermal energy just about anywhere. Geothermal heat supplies 24/7 energy and is 100% renewable. This solves the problems associated with other energy sources: fossil fuels are quickly depleting (becoming more costly), and other renewables like wind and solar have drawbacks, like intermittent power or costly storage.
TEAM
Mark Russell, PE
Chief Executive Officer, CTO, and Director
Michelle Carbon, JD, MAcc
Chief Financial Officer and General Counsel
Charles Russell
Director
Mike McSherry
Director
TERMS
HyperSciences
Overview
PRICE PER SHARE
$9.72
DEADLINE
Sep. 29, 2022 at 6:59 AM UTC
VALUATION
$104.01M
FUNDING GOAL
$10k - $3.94M
Breakdown
MIN INVESTMENT
$495.72
MAX INVESTMENT
$106,997.76
MIN NUMBER OF SHARES OFFERED
1,028
MAX NUMBER OF SHARES OFFERED
405,455
OFFERING TYPE
Equity
ASSET TYPE
Preferred Stock
SHARES OFFERED
Series B Preferred Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives and Bonuses*
$10,000 ("Nickel") - HyperSciences t-shirt
$25,000 ("Quartz") - Replica projectile keychain and HyperSciences t-shirt
$50,000 (“Platinum”) - All of the above, plus a scale Geothermal HyperDrill Bit and Plaque to commemorate this offering
*All perks occur when the offering is completed.
Special Note Regarding Forward-Looking Statements
This memorandum may contain forward-looking statements, as that term is defined under the federal securities laws. Forward-looking statements include, among others, statements about our business plan, strategy and industry. These statements are often, but not always, made through the use of words or phrases such as “may,” “will,” “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “predict,” “potential,” “opportunity,” and similar words or phrases or the negatives of these words or phrases. These forward-looking statements are based on our current assumptions, expectations, and beliefs and are subject to substantial risks, estimates, assumptions, uncertainties, and changes in circumstances that may cause our actual results, performance, or achievements to differ materially from those expressed or implied in any forward-looking statement, including, among others, the profitability of the business. These statements reflect management’s current views with respect to future events and are subject to risks and uncertainties that could cause the Company’s actual results to differ materially from those contained in the forward-looking statements. Because the risks, estimates, assumptions and uncertainties referred to above could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements, you should not place undue reliance on any forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date of this memorandum. You should read this memorandum completely and with the understanding that our actual future results may be significantly different from our expectations. Any forward-looking statement speaks only as of the date hereof, and, except as required by law, we assume no obligation and do not intend to update any forward-looking statement to reflect events or circumstances occurring after the date hereof.
Irregular Use of Proceeds
We will not incur any irregular use of proceeds.
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