Prevent Biometrics

Key People

• Mike Shogren - Chief Executive Officer & Board Member
• Frank Grazzini II - Co-Founder, Chief Financial Officer & Board Member
• Adam Bartsch Ph.D - Chief Science Officer
• Dan Brett - Co-Founder
• Drew Goodger - Chief Operating Officer

Assessment

Team

Aspect: First-time 10+ yrs
Summary: The leadership team comprises experienced professionals with significant industry experience.

The leadership team includes individuals with over a decade of experience in relevant fields, enhancing the company's strategic direction and operational execution.

Clinical Need

Aspect: Very Strong
Summary: The product addresses a critical need for real-time head impact monitoring in sports and military applications.

With increasing awareness of concussion risks, there is a significant demand for accurate head impact monitoring solutions to enhance athlete and military personnel safety.

Competition

Aspect: Somewhat crowded
Summary: The market has several players offering head impact monitoring solutions.

While Prevent Biometrics offers a validated system, the presence of multiple competitors necessitates strong differentiation and marketing strategies.

Technical Challenge

Aspect: Moderate
Summary: Developing accurate real-time monitoring systems presents moderate technical challenges.

Ensuring precise measurement and real-time data transmission requires overcoming technical hurdles, but the company's existing product suggests these are manageable.

Patent

Aspect: Strong
Summary: The company holds strong patents for its head impact monitoring technology.

Patents developed at the Cleveland Clinic and held by Prevent Biometrics protect its technology, offering a barrier to entry for competitors.

Financing

Aspect: Well-funded
Summary: The company has secured significant funding from various investors.

With total funding of approximately $15.3 million, the company is well-positioned to invest in growth initiatives and R&D.

Regulatory

Aspect: 510k/PMA
Summary: The product requires regulatory approval, which has been obtained.

Obtaining necessary regulatory approvals ensures the product can be marketed and sold, reducing barriers to adoption.

Opportunity Rollup

Odds of Success

4

Peak Market Share

5.7

Segment CAGR

9.5%

Market Segment

Sports Health Monitoring

Market Sub Segment

Head Impact Monitoring Devices

Key Takeaway

Prevent Biometrics is well-positioned in the growing head impact monitoring market, leveraging strong leadership, patented technology, and significant funding to address a critical need in sports and military safety.