John McCammack
Orlando, FL (USA)
Role(s):
Manager/Supervisor
Lenhardt & Wickham, LLC
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Startup
Location:
Orlando
Industry:
Agriculture
Year Founded:
2001
Number Employees:
1-10 people
Description:
Managing partner, LLC, own patented technology, spraying foliage, significantly reduces spray drift, run-off, water usage, interacts with plant physiology. Testing by (PhD) USDA. Field studies ex. UofFL ext., controlled studies-USDA lab, great data, two planes, speed sprayer, backpack, boom.
EPA facilities, verify Drift Reduction Tech., one in Wooster, OH. Prof. at Wooster, fully fund testing, begins 1/11.
Negotiations, 2 companies, want test in spring before decision.
Need funds to assist in verification/sale. Verification faster w/funding.
Salary 52K (1K a week, 1 year max): LLC expenses 38K: EPA verification 25K (50/50 matching grant) Total, 115K.
I get 1st 10% to 400K of proceeds from patent. Also receive 25% of remaining proceeds. Repayment to investor from my portion of proceeds.