Noizend Pty Ltd

Transaction Summary

Investment Highlights

Company Overview

MVP Ventures Grant Application

Noizend Moves to Final Stage – Match Funding Required

Noizend’s application for a MVP Ventures Grant has moved to the final stage before funding. This is a grant from the NSW Government for production of a minimum viable product prototype.

The grant is for $50,000 and requires match funding of $50,000 – either cash upfront or investor agreement to fund when grant is approved. Participation in match funding is required by 18 May 2024.

Essentially this MVP grant doubles the funds for development of a prototype demonstration panel for the active noise cancellation of irritating low-frequency noise to be developed in conjunction with the University of Technology Sydney (UTS) Centre for Audio, Acoustics and Vibration. The project is for a period of up to 1 year.

It is a rare opportunity to help save the planet whilst accessing a huge global market.

The United Nations listed excessive noise in cities as one of the 3 Planetary Crisis in 2022. The Global Noise Mitigation System Market is valued to reach $46.8B in 2028.

Main benefits include:

1. Businesses are liberated to conduct operations without fear of noise complaints or restrictions.
2. Residents are empowered by the peaceful and quiet enjoyment of their homes.
3. National Productivity increases under lower noise pollution.

Noizend is already in discussions with potential customers.

Products & Services

Noizend is at the early development stage to adapt the proven science of active noise control as used in noise cancelling headphones for a wider environment. This will be by way of a multi-channel system we call Noizend Shield. The software will primarily analyse the noise and generate the multi-channel anti-noise waves. Noizend Shield is an Internet of Things connected system of sensors, speakers and edge processors.

Noizend Shield is built on AI. Noizend has access to the cloud-based services of NVIDIA to create digital twin models of specific indoor spaces, such as in a live music venue or factory or warehouse. The company has plans to expand our technology to open air environments.

The initial pilot project is to reduce the noise to residents from live music venues. Over 25% of Live Music Venues received noise complaints & investigations, according to the City of Sydney Live Music & Performance Action Plan 2012. It has been estimated that the cost of a live music venue having reduced trading hours is $1,000/100 capacity/hour. So a 500 patron venue closed for 1 hour 3 times a week has lost revenue of $780,000 p.a.

Transaction Overview

This Offer is for ordinary shares in Noizend Pty Ltd. Noizend has not issued any options or different classes of shares. Noizend has allocated 2,600,000 shares for ESOP (shares allocated and set aside for staff and associates).

For the full raising of A$500,000 representing 19.3% equity interest
Pre-money valuation of A$2.09M
Minimum investment A$10,000

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