Robert Derck
Las Vegas, NV (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
In2 Networks
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Startup
Location:
Las Vegas
Industry:
Technology/Web
Year Founded:
2003
Number Employees:
1-10 people
Description:
In2 Networks (In2) provides affordable energy smart hardware and application technology for the emerging energy-smart automation market. In2’s patent-pending Internet Communication Modules (ICMs) web-enable building heating/cooling systems, metering devices, and other building equipment components, translating the data into a user-friendly display system available via its trademarked web platform or its IPhone Applications. This interface then provides detailed analysis combined with a complex automated program that enables a customer to take control of energy usage and save money. In2 products are installed across almost any application in both existing buildings and in new construction--forming a potential market of over 2.2 million existing businesses and 110 million residences in the United States alone. With In2’s technology and products, the customer’s return on investment is typically cut from years, to months or even weeks.
In2 receives revenue from various product sales as well as recurring revenue from its automated services, which can be substantial. In2 has licensing agreements with major market distributors, and since it began shipping units in 2008, it now has 1,500 active units in service with another 3,500 in the pipeline. As a metric, for every 1,000 units that maintain active services, In2 receives about $300,000 in recurring annual revenue. In2 is now seeking capital to grow its business through direct sales and marketing to its customer base.