FWP 1 fwp060915_iecrowd.htm FREE WRITING PROSPECTUS

Filed Pursuant to Rule 433 of the Securities Act of 1933
Issuer Free Writing Prospectus dated June 10, 2015
Registration No.  333-203238

 

 

 

Up to 3,125,000 Units
Consisting of One Share of Common Stock and
One Warrant to Purchase One-half Share of Common Stock

 

This free writing prospectus relates to the initial public offering of common stock and warrants of Innovation Economy Corporation, which does business under the name “ieCrowd”. It should be read together with ieCrowd’s final prospectus dated June 3, 2015 relating to the offering, which has been filed by ieCrowd with the Securities and Exchange Commission (the SEC) and which may be accessed through the following web link:

 

http://www.sec.gov/Archives/edgar/data/1563004/000121390015004282/f424b30615_innovation.htm

 

It should also be read together with any later-dated prospectus relating to the offering and the other documents filed by ieCrowd with the SEC.

 

Innovation Economy Corporation has filed a final prospectus with the Securities and Exchange Commission, or the SEC, for the offering to which this communication relates. Before you invest, you should read the final prospectus and other documents Innovation Economy Corporation has filed with the SEC for more complete information about Innovation Economy Corporation and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov.  Alternatively, a copy of the prospectus may be obtained from TriPoint Global Equities, LLC if you request it by calling, toll-free, 1-800-304-6994.

 

 
 

 

  

 

Market and Product Timing Info Sheet

  

KITE

KiteTM products are being designed to block mosquitoes from detecting and biting humans, with a goal of reducing human suffering from malaria, dengue fever, West Nile virus, and other mosquito-borne diseases.

 

Market Size

Half the world’s population at risk for malaria, estimated 207 million cases of malaria worldwide in 20121, malaria kills up to 600k people each year2, economic impact to Africa estimated $12 billion per year3
One-third world’s population at risk for dengue fever, estimated 400 million infections occur globally per year4, total annual cost of dengue in the Americas $2.1 billion5
Global annual mosquito-repellent coil sales estimated at $900M (at $0.02/coil – range is $0.02-$0.25)6
U.S. insect repellent market valued at $527M7
$450M U.S. bed bug control revenue earned by pest management professionals (PMPs) in 20138 , up 11% from prior year, in survey of PMPs in 2013, 99.6% treated bed bugs in previous 12 month period9

 

Inflection Points (Projected)

Regulated

Regulatory – U.S. EPA submissions early as 1H 2016 and approval beginning early as 2018
Regulatory – international submissions to follow
Approval and manufacture ready – early as 2018
Licensing – agreements early as 2016

 

Unregulated

Manufacture ready – early as 1H 2016
Licensing – agreements early as 2016

  

NUUMA

Nuuma is a tiny nano-based sensor being designed to detect airborne gases at the parts per billion (ppb) level, envisioned as a “digital nose” for mobile devices, with potential consumer and professional uses ranging from testing indoor/outdoor air quality to early disease detection to homeland security.

 

Market Size

Estimated 7 million premature deaths due to air pollution (indoor and outdoor) worldwide 201210
Global gas sensor market is estimated to increase from $1.9 billion in 2014 to $2.32 billion by 2018 with a CAGR of 5.56%11
Global, annual wearables market expected to reach $11.61B by 202012
U.S. market for indoor air quality equipment was valued at over $7.7 billion in 2013 and is projected to grow to $11.4 billion by 2019, a five-year CAGR of 7%13
$563M Chinese sales of air purifiers in 201314

 

 
 

 

Inflection Points (Projected)

Regulatory – Not applicable for sensor chips integrated into 3rd party products
Regulatory – For Nuuma branded products, industry certifications early as 2H 2016
Approval and manufacture ready – early as 2H 2016
Licensing– agreements early as 1H 2016

 

SMART OXYGEN
Smart Oxygen Solutions is developing an intelligent breathing device for COPD patients and others who need supplemental oxygen, with a goal of providing a more accurate dose of oxygen to patients based on their levels of activity.

 

Market Size

In U.S. 14.8 million diagnosed patients and estimated 12 million un-diagnosed15
Total cost of COPD and other smoking related diseases in China in 2000 over $5 Billion16
COPD 2nd leading cause of death in China17 , 3rd leading cause of death U.S.18
The global oxygen therapy devices market was valued at $1.90 billion in 2013 and is expected to grow at a CAGR of 5.7% from 2014 to 2020, with estimated value of $2.80 billion in 202019

 

Inflection Points (Projected)

Regulatory – expect FDA 510(k) submission early as Q4 2015
Manufacture ready – early as 1H 2016
Licensing – agreements early as 2016

  

MIGRAINE AND HEAD PAIN
ieCrowd is developing a non-pharmaceutical and non-invasive technology that has the potential to treat pain from migraines and headaches and other head pain. The technology is designed to stimulate the sensory fibers of a nerve in order to mask pain perception.

 

Market Size

In the U.S., 1 in 4 households has 1 person suffering from migraines20, more than 37 million people suffer from migraines21
Migraine therapies market to increase from $3.3B in 2011 to $5.8B in 202122

Inflection Points (Projected)

Regulatory – 6-month human trial early as 1H 2016
Approval – no timeline provided at this time
Licensing – no timeline provided at this time

 

SLEEP DISORDER

ieCrowd is developing non-pharmaceutical, non-invasive potential therapeutic treatments for sleep disorders. The technology, developed at UCLA, takes advantage of the fact that signals from the limbs can be interpreted by the brain as movement and can alter breathing rates.

 

Market Size

42 million people in the U.S. have sleep-disordered breathing, including sleep apnea23 . Sleep apnea can increase the risk of heart attack, stroke, obesity, high blood pressure and diabetes24
Global sleep apnea device market valued at $7.9B in 2011, expected to reach $19.7B by 2017 (diagnostics and therapeutics). North America largest market, followed by Europe and Asia25
Estimated 100 million people worldwide could have obstructive sleep apnea of which 80% remain undiagnosed26

 

 
 

 

Inflection Points (Projected)

Regulatory – 6-month human trial early as 1H 2016
Approval – no timeline provided at this time
Licensing – no timeline provided at this time

 

This is not an offer to sell, or a solicitation of an offer to buy, any securities. Securities may not be offered or sold in the United States absent registration or an exemption from registration. ieCrowd has filed a registration statement (including a prospectus) with the SEC for the initial public offering of its securities. The prospectus contains detailed information about the company and management, as well as financial statements. You can get the prospectus, and other documents filed with the SEC by ieCrowd, by visiting EDGAR at SEC.gov or by calling, toll-free, 1-800-304-6994.

 

Certain of the statements in this document constitute forward-looking statements, including statements regarding our future results, strategies, plans and prospects. All of our forward-looking statements involve significant risks and uncertainties. There can be no assurance that any of them will prove to be accurate, and our actual future results, strategies, plans and prospects may differ materially and adversely from those stated or suggested in our forward-looking statements. Please see the “Risk Factors” section and the other disclosure in our prospectus.

 

 

1 http://www.cdc.gov/malaria/malaria_worldwide/impact.html

2 http://www.cdc.gov/malaria/malaria_worldwide/impact.html

3 http://www.ajtmh.org/content/64/1_suppl/85.full.pdf+html

4 http://www.cdc.gov/dengue/

5 http://www.denguematters.info/content/issue-2-economic-burden-dengue

6 http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2859469/

7 http://www.sec.gov/Archives/edgar/data/1487730/000148773014000066/spb-20140930x10k.htm

8 http://www.pctonline.com/SPC-market-research.aspx

9 http://www.pestworld.org/all-things-bed-bugs/history-of-bed-bugs/bed-bug-facts-statistics/

10 http://www.who.int/mediacentre/news/releases/2014/air-pollution/en/

11 http://www.mordorintelligence.com/industry-reports/global-gas-sensors-market-industry

12 http://www.marketsandmarkets.com/PressReleases/wearable-electronics.asp

13 http://www.bccresearch.com/market-research/environment/indoor-air-quality-market-report-env003e.html

14 http://daxueconsulting.com/air-purifiers-market-in-china/

15 http://www.nhlbi.nih.gov/files/docs/research/2012_ChartBook.pdf

16 http://www.atsjournals.org/doi/pdf/10.1164/rccm.200706-927ED

17 http://www.atsjournals.org/doi/full/10.1164/rccm.200706-927ED#.VXO6ds9Viko

18 http://www.businesswire.com/news/home/20101209006673/en/COPD-Ranked-Leading-Death-U.S.-CDC-Reports

19 http://www.releasewire.com/press-releases/oxygen-therapy-devices-market/release-587503.htm

20 http://www.migraineresearchfoundation.org/fact-sheet.html

21 http://www.headaches.org/2007/10/25/migraine/

22 http://decisionresources.com/News-and-Events/Press-Releases/Migraine-Drug-Market-111512

23 http://www.nhlbi.nih.gov/about/org/ncsdr/

24 http://www.webmd.com/sleep-disorders/sleep-apnea/sleep-apnea-conditions

25 http://www.marketsandmarkets.com/PressReleases/sleep-apnea-devices.asp

26 http://www.marketsandmarkets.com/PressReleases/sleep-apnea-devices.asp