Accredited Investor Newswire

New Tech Could Save 40% of Fire Fighters Killed in Fires - Bridging the Funding Gap


Gilbert, AZ -- (SBWIRE) -- 11/13/2014 -- Rushing inside of a burning building, fire fighters battle intense smoke, heat, flame, poisonous gases, collapse from below and collapse from above. In their heroic efforts to save lives and preserve property, tragically, many fire fighters die every year. When a fire fighter goes down in a burning building, commanders have limited resources to localize fire suppression and coordinate rescue. They cannot suppress the whole building at once nor rescue a fallen fire fighter whose location is unknown. Fire commanders report that 40% of fire fighters who are killed while fighting a fire could have been saved if the commanders only knew where the firefighters were located.

Responding with New Technology: In response to this tragic loss of life of America’s fire fighters, a pair of rocket scientist have founded an obscure Arizona company and developed a system to track and locate fire fighters during fire operation. It acts like a localized GPS that can operate through concrete in intense heat. The system is expected to be affordable, has positive response from numerous fire commanders, and utilizes currently available technology. Yet, even as valuable as this life-saving system could be, these and many other important technology solutions seldom attract the funding they need to bring their product to market. Even the best technology and proven leadership teams can struggle finding and attracting investors to their companies.

Funding Gap: “This funding gap is not only challenging to innovators, but the loss of new, improved technology, and solutions to key problems for business, government, and consumer is immeasurable. For this Arizona technology company lack of funding means not just the failure of their company, but it means in a very real way that fire fighters will continue to avoidably, and therefore needlessly, sacrifice their lives,” says Larry Farris, Managing Editor.

JOBS Act: In response to the need for greater jobs creation and sustained innovation, President Obama proposed and Congress passed the JOBS Act in 2012. The JOBS Act repeals an 80 year old gag rule that prohibited private, not publicly traded, company owners from discussing investment capital with anyone whom they did not already have a prior business or personal relationship. The gag was so restrictive that if someone did not already know several millionaires who were willing to fund start-up companies, that your idea, innovation, or invention – your solution to important problems - would likely never raise enough money to succeed.

Bridging the Funding Gap: Now that the JOBS Act rules have been adopted, allowing private companies to seek funding from a broader audience, Accredited Investor Newswire (“AIN”) has become an essential channel to bring private company news to the accredited investor community. Today is the leader in providing news and analysis covering private, not publicly traded, companies and emerging technologies for accredited investors.

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Larry Farris, Managing Editor