Thaddeus is "Redefining Temperature Control and Tracking".
Thaddeus protects the integrity of temperature sensitive products such as biomedical samples and pharmaceutical products during shipment and storage. In addition, we have adapted our core technology to power the world’s first smart cooler, enabling all businesses to monitor and control the temperature, security and location of temperature sensitive products in real-time.
According to the World Health Organization (WHO), Biopharmaceutical product waste and losses have exceeded an astounding $35B in 2015. Hospitals, clinics, pharmaceutical companies and medical couriers are feeling the pain of costs attributed to product spoilage, replacement and loss – while end recipients end up paying with time, and – sometimes – human life. While medical solution innovations have progressed, the fragmentation of the market lacks a clear leader across active solution temperature control and real-time product data tracking.
Our five patent-pending protect our 2 devices – the iQ-ler and the SmartSleeve - have five unique and proprietary advantages:
1. All-in-one solution for active temp control, tracking and security documentation
2. Temp control spans across a broader range of unique temp ranges (Frozen, Chilled, CRT-A to CRT-D) with a tighter tolerance (+/- .5C)
3. Smart Sleeve includes a patented ‘stretchable’ design
4. Leveraging strategic partnerships to utilize cutting-edge technology and power source – driving efficiency and reducing cost
5. The design is compact, versatile and lightweight; cutting cost and providing a reusable solution that will save our customers valuable time and money, preserve the integrity of their product.
The global cold chain market is expected to reach $386 Billion by 2019 at a CAGR of 15.6% from 2014 to 2019, while the cold chain packaging market has already exceeded $12B in 2015. Substantial industry growth is driven by increased regulatory requirements, favorable trade policies, aging global populations, rises in end-to-end supply chain complexity and tightening of product specifications.
Our revenue model is Transaction-Based through direct sales of the iQ-ler and SmartSleeve. It also consists of a recurring revenue stream through alteranative leasing of these products and through subscription: with tiered access to cloud-based data. We are also considering licensing the products as a longer-term strategy.
Our pricing strategy will be optimized prior to launch!
Thaddeus Medical Systems’ target customers are stakeholders whose success depends on the end-to-end ‘temperature-controlled’ supply chain: entities associated with the extraction, manufacturing, storage, logistical transport or administration of biopharmaceuticals, vaccines or clinical trials. Specifically, our initial business development efforts will target:
1. Hospitals and Clinics
2. Pharmacies and Pharmaceutical Manufacturers
3. Temperature controlled warehouses
4. 3PLs, logistics couriers and packaging manufacturers
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