Robert Corcoran

Las Vegas, NV (USA)
Role(s):
Founder/Owner/Principal

LAMBDA TD Software, Inc.

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Location: Las Vegas
Industry: Technology/Web
Year Founded: 2006
Number Employees: 1-10 people
Description: The name of our product is LFE™ Five (pronounced "Life Five"), and what we make is the first web-based smart home automation and universal remote control platform operated by our patented LFE™ touch panel system. The LFE™ Five is a universal remote control system that addresses the five core elements of a robust and scalable smart home of the future: 1) home media and entertainment, 2) security and surveillance, 3) HVAC Climate Controls, 4) electrical appliances, motors, timers, event managers and lighting controls, 5) analog and digital communications. Our business solves the final proper design for smart home connectivity: a single device that will serve as your MASTER COMMAND CENTER. Our competitors have been extremely successful with installing smart home technologies into single family homes. Their product(s) are extremely expensive, proprietary and painfully custom. Also, our competitors have only been successful corporate Audio/Video and in automating one single family home at a time. The LFE™ Five automates single family homes, as well as creates "smart buildings" (such as a high rise luxury condo development), or even a "smart communities" in which a single family home can connect and communicate to the common areas as well as to other single family homes in their neighborhood. Not one of our competitors can make this claim, and we are the only company to fill this niche in our industry. We have a sophisticated and sustainable business model that received the highest 4 Star Rating from a prestigious Angel Investor network: Funding Universe. Our company was recently publicly listed and is being actively traded on the DAX Frankfurt Stock Exchange and XETRA and was invited to present our business in Bonn, Germany to Deutsche Telekom. We are currently looking for 1.5 million dollars USD in order to upgrade our servers and data centers, and to get us to a self-sustaining stage of our growth. Our direct sales and website promote to construction industry professionals and to retrofit services for current home owners. In industry surveys, over 80% of homeowners would immediately upgrade to smart home automation as long as: 1) the product is affordable and reliable, 2) the system was modular and easily scalable, and 3) the technology had a non-obsolescence warranty. In our own polling, over 70% indicated that they would prefer to have all of the system set-up, maintenance, upgrades and programming be done remotely over the Internet. Accordingly, we expect a great market response for the LFE™ Five System and rapid sales ramp-up.