Quansor Corporation | Application Preview
Quansor Corporation is seeking government grants to fund the production and sales of its innovative water monitoring products, aimed at generating cash flow. The business plan focuses on developing four major markets:
1. Residential monitoring for arsenic, targeting a market worth approximately $5 million.
2. Point-of-entry filtration systems with monitoring, to be marketed through the National Kitchen and Bath Association, which has around 4,500 dealers in North America.
3. Drinking water fountains with monitoring capabilities for municipalities affected by lead contamination, such as Flint, reaching around 8,000 localities.
4. Groundwater monitoring applications via the U.S. Geological Survey (USGS), where there are 1.5 million monitoring stations that currently do not detect specific contaminants.
The rationale for grant approval underscores the expansive potential market, particularly highlighting the arsenic monitor. At a price point of $500, this market alone could yield $2.5 billion, given the cost of production is around $150. The company also emphasizes the social benefit of its products, addressing the issue of contaminants in public water supplies, which are often inadequately reported to the EPA.
In terms of competition, Quansor faces local test labs that analyze water samples but lacks real-time monitoring. Its drinking fountain application competes against the $22 billion bottled water market, and Quansor's solution aims to be cost-effective within just two days of usage for schools in contaminated areas.
Quansor's competitive advantage lies in its continuous flow technology, which detects contamination spikes in real-time and communicates this information online. This differentiates it from specialty monitors that cost significantly more, with Quansor's price point around $500 compared to competing products that can exceed $7,500. Overall, the application presents a strong case for funding based on market opportunity, social impact, and technological innovation.
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General Information
Business Registration Number: 20-4412876
Location: Pullman, WA, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
We will generate our first products, sell products and generate a cash flow.
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Business Plan
Quansor will grow by developing its first four major markets (1) residential monitoring for arsenic, [5 million US] (2) point-of-entry filtration with monitoring sold through National Kitchen and Bath Assoc [4,500 dealers in NA], (3) drinking water fountains with monitoring sold to localities such as Flint with lead contamination in the distribution system [ ~8,000 localities], (4) groundwater monitoring with applications sold via USGS [there are 1.5 million USGS monitoring stations that do not now detect individual contaminants such as the Quansor monitor]. The markets are broad and deep. e.g., the arsenic monitor in #1 above is 5 million US -- at $500/year = $2.5 billion available market. Our cost about $150 on the monitor. There is a social benefit; right now public water utilities discharge contaminants in their water supply (they report on their water quality to the EPA once a year, and cherry-pick their results).
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Self Identified Competition
Quansor competitors are local test labs that evaluate water samples on a batch basis. In the drinking application, the top competitor is $22bn bottled water industry. The Quansor drinking fountain application will be cost justified in two days; as students in Flint schools bring home bottle water from their schools. The Quansor technology differs from all others in that it is continuous flow, so contamination spikes are detected (and posted to a website). There are some specialty monitors that sell for about $7,500. Quansor selling price is in the $500 range. A QSense monitor used by academia (Sweden) sells for about $75,000. A Quansor version will cost about $500 -- the sell price will be higher...
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