Hapai Transfer Systems Ltd. (t/a HT Systems)

By Richard Shepherd

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Technology,



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This campaign was successful and closed on 10/12/2021 at 5:00 PM.

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About

Hapai Transfer Systems Ltd. (t/a HT Systems)

Who is HT Systems?

HT Systems is an engineering technology company that develops solutions to assist people with disabilities. The company was established in January 2018 to develop Keith Alexander’s (Springfree trampoline founder) initial patient transfer concept into a marketable product.

CREATIVE ENGINEERING SOLUTIONS FOR PEOPLE WITH DISABILITIES AND THOSE WHO CARE FOR THEM 

Our first product, the patented Kera sit2sit, empowers people with disabilities and their caregivers to move between positions quickly, safely and easily with a one-to-one transfer solution that preserves dignity, respect and quality of life. The Kera is already changing lives in Aotearoa New Zealand by enabling Kiwis with disabilities to live fuller lives, and supporting caregivers to more easily look after those who can’t move for themselves.

Keith Alexander - Springfree Trampoline

"Just as I believe that trampolines should be designed to be safe for excited children, I truly believe that effective assistive devices should be readily available to enhance the wellbeing of those without all the capabilities of the young or strong."

Prof. Keith Alexander (founder) PhD in Mechanical Engineering 

NZ Engineering Entrepreneur of the Year 2010 

Inventor of the Springfree Trampoline 

DIGNITY, RESPECT AND QUALITY OF LIFE 

 

Our Team

Team in the lab

Prof. Keith Alexander 

PhD in Mechanical Engineering

Founder, Director & Technical Advisor

Dr. Alex O’Keefe

PhD in Mechanical Engineering

Chief Technology Officer 

Richard Shepherd

BE/BCom

Chief Executive Officer 

Our founder, Keith, is a serial NZ inventor who invented the Springfree Trampoline which has gone on to be a global commercial success. Keith’s experience in commercialising the trampoline and his desire to make the world a safer place has led us to where we are today. 

Keith founded HT Systems in 2018 with the vision of creating a product that would change the lives of caregivers and those they care for. 

Alex’s sister spends her life in a wheelchair. When she was young, her favourite method of transferring to and from her wheelchair was on the back of one of her older brothers, so he knows precisely what is required of a transfer aid. 

Alex has been in charge of the continuing development and refinement of the Kera, a product which is taking on and challenging the healthcare establishment. 

Richard is an ex-banker looking to redeem his soul. 

Richard wanted to be involved in a business that lives its values and was centred on listening to the customer.

As a consequence, the HT Systems team has worked closely with health professionals, people with disabilities and their families to develop a strong understanding of their needs and what just doesn’t work for them.  

The Problem we are solving

Living with a disability can be hugely challenging, both for that person and for their caregivers.  For many, one of the biggest challenges is in maintaining mobility and quality of life for someone who is unable to move for themselves.  

The daily reality for many is one of feeling like a burden and fearing for the future, wondering how much longer their loved ones can continue to care for them at home, or worrying about their dignity and safety while living in a care facility. The challenges in maintaining mobility and quality of life for someone who is unable to move for themselves can rob the elderly and people living with disabilities of essential life experiences, self-respect and cherished time with their loved ones.

With 4 caregiver injuries occurring every day in New Zealand, those who shoulder the responsibility of transferring mobility-compromised people are also bearing a physical toll. Caregivers, both at home and in facilities, are sacrificing valuable time and energy to transfers which could be better spent actually caring for people living with disabilities and helping them to maintain full lives.

With over 100,000 New Zealanders (and millions more, globally) who can’t move for themselves, we have identified a significant opportunity to support people with disabilities and their caregivers by reducing the time and the number of caregivers required to move a person.  The result is greater safety for caregivers, and a better quality of life for people living with disabilities and those that care for them.

Our Solution: The Kera sit2sit

Deborah on the Kera

Our first product, the patented Kera sit2sit, empowers people with disabilities and their caregivers to m

ove between locations quickly, safely and easily with a one-to-one transfer solution that preserves the dignity, respect and quality of life of people living with disabilities and those who care for them.

The Kera is already changing lives in Aotearoa New Zealand by enabling Kiwis with disabilities to live fuller lives, and supporting caregivers to more easily look after those who can’t move for themselves.  This innovative technology is supporting Kiwis living with spinal cord injury, neurological diseases (Multiple Sclerosis, Motor Neuron Disease, Muscular Dystrophy), limited mobility due to aging, amputations, Spina Bifida and Cerebral Palsy.  

Our Journey so far

This journey began with a request from the chief surgeon at Christchurch’s Burwood Hospital. He recognised the prevalence of work-related injuries among nursing staff who were getting injured lifting mobility-compromised patients and he approached the University of Canterbury Engineering Department for solutions. 

With his feedback, Keith worked with students on a series of prototypes to efficiently move people between seats. We learned that rolling a eated patient forward at their centre of mass could transfer them from one seated position to another without any need to physically lift them.

From there, HT Systems was established and our team began engaging in more detailed conversations with people living with disabilities.  Its now been over the 3.5 years and the team at HT Systems has developed the innovative Kera transfer aid which has transformed the lives of hundreds of Kiwis.

The HT Systems strategy to date has been to grow organically within NZ and learn from our customers being close.  The time is now right to take the learnings gained from this phase of our journey and grow the business in larger markets. 

Meet our Clients

Our clients

Why we need your investment

...and what are we planning to do next

"The next stage of our development as a company is about growth, and we need people like you to come on board and help provide the funds to grow HT Systems into a global assistive technology company."

Richard Shepherd, CEO

We are now ready to grow the business and are raising up to $750,000 to support the release of two new products and a launch of the Kera into the Australian market in 2022. 

Grow in bigger markets 

Given the limited size and nature of the NZ market, we plan to expand to larger and more accessible overseas markets. The initial focus will be on Australia and then to other markets (UK, Europe, US and Asia). 

Develop new products 

We have proven ourselves with the Kera, which has successfully sold in the NZ market for over 2 years and has made a huge difference in hundreds of Kiwi’s lives.

Over the last few years, HT Systems has developed a strong understanding of how to transfer people with disabilities and fostered deep connections with the NZ market. All the things we’ve learned along the way can be applied to other new products. 

We are already developing new products and, with new engineering resources, we plan to release them to market next year. 

Grow our capability 

To support our next phase of growth, we plan to hire up to 4 new roles to increase the capability and capacity of the team. With these new team members, we can accelerate our growth opportunities. 

 

What are the risks?

Access to capital 

HT Systems may require additional capital for its growth activities. That capital may not be available (in which case the growth plans and future of the company will be at risk) or may only be available at a lower price than the current investment round (resulting in a reduction in the value of your investment). 

Strong competition from new or existing players 

There is significant risk, as with any business, that a strong competitor through its activities can have a negative impact on HT Systems revenue generating ability and/or HT Systems growth. 

Intellectual Property

HT Systems creates original intellectual property. There is a risk that IP protection cannot be secured or that the company may be exposed to unanticipated claims by other parties, or the IP in place is infringed by another party. 

These scenarios can incur unexpected costs or impact sales of certain products or services being offered by HT Systems. 

Revenue and profitability challenges

The forecasts presented in the IM are based on our best assumptions of the business going forward. As with all forecasts they are susceptible to uncertainty and changes in circumstances or external factors. 

Regulatory challenges

The assistive technology that HT Systems develops are typically categorised as “Medical Devices” and access is regulated in most countries.

Key person risk

The HT Systems business has a small number of employees each with their own complimentary skill sets.  Should any of the management team be incapacitated for a significant length of time then the business outcomes would be effected.

COVID-19 

The HT systems growth plan requires strong connections with international markets and sales to individuals with a high likelihood of being immuno-compromised.  Restrictions due to a global pandemic such as Covid-19 can reduce revenues.

A note from PledgeMe

We have completed Equifax checks on the company Hapai Transfer Systems and their Directors, as well as Google and Insolvency checks. There were no adverse findings.

Updates 8

You need to pledge to see this update.

Australian regulation update - Kera passes international standards testing

08/12/2021 at 10:29 AM

Hi All

As our crowdfunding campaign comes to an end on Friday we wanted to update you about our Australian regulation.  

In October we sent the Kera to Novita testing laboratory in South Australia.  Novita is a NATA accredited test lab for testing of assistive equipment to Australian and International standards.  Novita lab testing to international standards is also recognised in many other markets around the world.

Kera lab test success

We had already tested the Kera internally at the University of Canterbury and so we were confident of a successful outcome.  We a pleased to say that this confidence was well placed and the Kera passed all its testing under the International Hoist standard ISO10535.  We are just waiting on the final testing of accessories and then will be able to share the final report. 

The passing of this lab testing is a big step towards being able to register the Kera as a medical device with the TGA in Australia.  It also enables us to start discussions with Australian distributors in the new year and keeps us on track to deliver one of our major objectives and stronger revenues in 2022.

Help spread our message

Share our PledgeMe campaign page with your friends and colleagues

https://pledgeme.co.nz/investments/486-hapai-transfer-systems-ltd-t-a-ht-systems

Thanks again for your support.

Keith, Alex and Richard

 

 

HT Systems NBR article

07/12/2021 at 12:25 PM

Hi All

Our story made the NBR:

https://www.nbr.co.nz/story/hapai-transfer-systems-crowdfund-hits-250000-minimum

Thanks to corporate law firm Harmos Horton Lusk’s co-founder, former Emirates Team New Zealand director and investor in HT Systems, Greg Horton, who contributed to the article:

“The potential for this sort of company, and their products in the disability space, is global, changing lives across the world, and driving strong returns from innovative products. There is nothing on the market with anything like the ease of this product” Greg Horton

As an update, HT Systems has raised $268,776 through PledgeMe, with 3 days left in the campaign.

Help spread our message

 - Share our PledgeMe campaign page with your friends and colleagues

https://pledgeme.co.nz/investments/486-hapai-transfer-systems-ltd-t-a-ht-systems

 

Thanks again for your support.

Keith, Alex and Richard

You need to pledge to see this update.

HT Systems - major milestone #2

29/11/2021 at 10:30 AM

Hi All

We wanted to let you know that our crowdfunding camapign achieved a major milestone yesterday breaking through $200,000. 

Campaign progress

Thank you to our generous pledgers for agreeing to join us as owners of a company with a mission to help people who are living with constraints.

We now have $40,000 to go before our campaign reaches the minimum which will enable us to go ahead with our plans of launching into Australia and releasing new products. Although, we've still got a long way to go to meet our maximum goal of $750,000 which will allow the company to build capacity and capability to grow faster. 

We only have 11 days left in our campaign and would appreciate any extra help you can give us.

Help spread our message

 - Share our PledgeMe campaign page with your friends and colleagues

https://pledgeme.co.nz/investments/486-hapai-transfer-systems-ltd-t-a-ht-systems

 - Like us on social media and share our posts.

(Facebook: @Kerasit2sit or Linkedin @htsystems).

 - Share our Stuff article with your friends and colleagues

https://www.stuff.co.nz/national/education/127013896/engineering-teams-invention-a-gamechanger-for-wheelchairusing-patients

 - Let everyone know about us and what we're doing - they can google "HT Systems" to find out more.

Thanks again for your support.

Keith, Alex and Richard

You need to pledge to see this update.

HT Systems stuff article

20/11/2021 at 10:15 AM

Hi All

I hope you're having a good start to the weekend.  Here's the link to the article about us in Stuff.

https://www.stuff.co.nz/national/education/127013896/engineering-teams-invention-a-gamechanger-for-wheelchairusing-patients

Regards

Keith, Alex and Richard

You need to pledge to see this update.

    Details

    Offer Details

    Current Valuation 3,034,670
    Raise Minimum 250,000
    Raise Maximum 750,000
    Share Price 4.50
    Minimum Pledge 504.00
    Maximum Shares Offered 166,667
    Explanation of valuation:

    The company is valued at 3,034,670 (pre-money), by a variety of methods including:
    - Berkus method
    - Discounted cash flow method
    - External investors

    Financial Summary

    Prev Year Current Year Est. FY 2024 Est. FY 2025
    Revenue NZ $87,102 NZ $133,035 NZ $726,605 NZ $1,726,185
    Operating Expenses NZ $515,838 NZ $311,415 NZ $970,648 NZ $1,554,538
    EBITDA -NZ $134,513 -NZ $168,828 -NZ $232,039 NZ $192,961
    Net Profit -NZ $105,429 -NZ $122,596 -NZ $170,941 NZ $135,014

    Company Details

    Company Name: Hapai Transfer Systems

    Company Number: 6610554

    Company Documents

    Documents no longer available to download, as this campaign has closed

    Director Details

    Name Role Profile URL Invested?
    Keith Vivian ALEXANDER Director https://www.linkedin.com/in/keith-alexander-466314156/?originalSubdomain=nz
    Anya Jane HORNSEY Director https://www.linkedin.com/in/anya-hornsey-a2541814/?originalSubdomain=nz
    William Woodhouse LEE Director https://www.linkedin.com/in/william-bill-lee-cfinstd-magsc-a2a0618a/

    Questions 4

    Ask a Question (You must login to ask a question)


    What is stopping the chinese making it, changing it slightly and someone "parelllel inporting " it to the states and undercutting you. Y' need a Chinnese patent. I know nothing about patents. Are the shares "for the new products" y' have comming on to ?.

    Posted on 06-12-2021 by Edwin

    Hi Edwin

    Yes, absolutely you will be investing in shares in HT Systems to enable us to launch into Australia and launch our new products. We are excited about our new products as they are doing well with our clients in testing and we have a head start with our experience from bringing the Kera to market.

    It is a good question that you ask about protecting our ideas from copying. We have Keith's years of experience with Springfree to draw on, where they have successfully fended off cheaper imitators and are still the only "springfree" trampoline. Our strategy is based on a mix of patents (in your example you can't parallel import into the States if it infringes our patent), a strong and quality focused brand and a fast rollout to the large markets like the US and Europe.

    Regards

    Richard

    Answered on 06-12-2021 by Richard Shepherd


    Hi There
    What are options for exit ?
    Regards
    Amit

    Posted on 03-12-2021 by Amit Jain

    Hi Amit

    Thanks for your interest.

    The Board doesn't have a predetermined view on exit. The current and medium term focus for the business is to grow sustainably through international sales and product development.

    When we successfully deliver on this strategy the business the following options for exit may become available:

    1. Continued trade as a private company and possible licencing in overseas markets
    2. Trade sale to a large multi national organisation (there are a number of billion dollar companies in the health sector who have all been acquisitive in the past)
    3. IPO listing on a stock exchange

    I hope that this helps?

    Regards

    Richard

    Answered on 03-12-2021 by Richard Shepherd


    If something unforseen happens how do one sell their shares

    Posted on 24-11-2021 by Jim Macdonald

    Hi Jim

    Share in companies like HT systems can be harder to sell because there is no stock exchange marketplace. Saying that we will do our best to facilitate share sales for our shareholders.

    If you had to sell your shares then you would register your interest with us. We would then notify other shareholders and they may choose to make you an offer for those shares.

    Let me know if you have any further questions.

    Kind regards
    Richard Shepherd

    P.S. For more information the Constitution is the legal document which deals with situations like this and it is available in the document pack as part of this offer.

    Answered on 24-11-2021 by Richard Shepherd


    Hi what an awesome device you have created - do you have international patents for the design or just NZ & Australia ? Thank you

    Posted on 21-11-2021 by E Wallace

    Thank you for your interest and support.

    We have 2 registered patents in Australia and the US. We have another patent, for improvements to our original patent, which has been filed in NZ, Australia and the US.

    Let me know if you have any further questions?

    Kind Regards
    Richard Shepherd

    Answered on 22-11-2021 by Richard Shepherd

    Pledgers 130

    Sam
    2021-11-28 14:46:26 +1300
    Florence Saunders
    2021-11-27 22:29:58 +1300
    Craig Tregurtha
    2021-11-27 19:05:00 +1300

    "My father was a quadriplegic, and transferring him was always a challenge for us caring for him so this would've been fantastic to have had"

    Rebekah Tregurtha
    2021-11-27 18:53:06 +1300

    "I read the article in The Press so went online to find out more about it and it was lovely to see Deborah in your video."

    Uwe Groer
    2021-11-27 16:52:08 +1300
    Jocelyn Whyte
    2021-11-26 21:16:34 +1300
    Jim Macdonald
    2021-11-26 16:04:44 +1300
    Rex Mason
    2021-11-26 10:42:53 +1300
    Melissa Chai
    2021-11-25 21:50:20 +1300
    Toni Rowell
    2021-11-25 18:58:54 +1300
    Don
    2021-11-25 16:52:29 +1300

    "The Kera sit2sit transfer aid will make a serious difference to the speed, comfort and safety of patient transfers. Perhaps more importantly it will ensure the patient is seated correctly at the back of the chair with out manual handling to reduce the risk of Posterior tilt and in turn a number of associated problems. Congratulations well done Don Good Managing Director WS Medical Ltd "

    Jim Macdonald
    2021-11-25 14:17:49 +1300
    Trudy Drake
    2021-11-24 14:41:27 +1300

    "This is a game changer for mobility impaired people and their carers. Well done for coming up with this idea. "

    Anne Wignall
    2021-11-24 14:05:19 +1300
    Amanda Maplesden
    2021-11-24 11:59:31 +1300
    P J Waters
    2021-11-24 11:25:59 +1300
    Dean Kirk
    2021-11-24 10:13:42 +1300
    Keith Hutchinson
    2021-11-24 09:18:22 +1300
    Sylvia Allan
    2021-11-23 16:19:08 +1300
    Thecla
    2021-11-23 13:47:01 +1300
    Gary Wilson
    2021-11-23 09:51:15 +1300
    William Tuckey
    2021-11-23 09:47:42 +1300
    Catherine Englert
    2021-11-23 08:01:28 +1300

    "Fantastic team"

    Tony O'Keefe
    2021-11-22 16:36:03 +1300
    Joy Andersen
    2021-11-22 13:21:50 +1300
    Irene Provan
    2021-11-22 13:21:25 +1300
    Amanda Thorogood
    2021-11-22 13:02:29 +1300
    E Wallace
    2021-11-22 10:20:07 +1300

    "Fantastic product that I am proud to invest in for the difference it will make to so many lives. Great to see Kiwi Ingenuity at its best with this product."

    Greg Horton
    2021-11-21 18:17:11 +1300

    "Great product and company!"

    Kate Scott
    2021-11-21 16:14:49 +1300

    Hapai Transfer Systems Ltd. (t/a HT Systems)

    Who is HT Systems?

    HT Systems is an engineering technology company that develops solutions to assist people with disabilities. The company was established in January 2018 to develop Keith Alexander’s (Springfree trampoline founder) initial patient transfer concept into a marketable product.

    CREATIVE ENGINEERING SOLUTIONS FOR PEOPLE WITH DISABILITIES AND THOSE WHO CARE FOR THEM 

    Our first product, the patented Kera sit2sit, empowers people with disabilities and their caregivers to move between positions quickly, safely and easily with a one-to-one transfer solution that preserves dignity, respect and quality of life. The Kera is already changing lives in Aotearoa New Zealand by enabling Kiwis with disabilities to live fuller lives, and supporting caregivers to more easily look after those who can’t move for themselves.

    Keith Alexander - Springfree Trampoline

    "Just as I believe that trampolines should be designed to be safe for excited children, I truly believe that effective assistive devices should be readily available to enhance the wellbeing of those without all the capabilities of the young or strong."

    Prof. Keith Alexander (founder) PhD in Mechanical Engineering 

    NZ Engineering Entrepreneur of the Year 2010 

    Inventor of the Springfree Trampoline 

    DIGNITY, RESPECT AND QUALITY OF LIFE 

     

    Our Team

    Team in the lab

    Prof. Keith Alexander 

    PhD in Mechanical Engineering

    Founder, Director & Technical Advisor

    Dr. Alex O’Keefe

    PhD in Mechanical Engineering

    Chief Technology Officer 

    Richard Shepherd

    BE/BCom

    Chief Executive Officer 

    Our founder, Keith, is a serial NZ inventor who invented the Springfree Trampoline which has gone on to be a global commercial success. Keith’s experience in commercialising the trampoline and his desire to make the world a safer place has led us to where we are today. 

    Keith founded HT Systems in 2018 with the vision of creating a product that would change the lives of caregivers and those they care for. 

    Alex’s sister spends her life in a wheelchair. When she was young, her favourite method of transferring to and from her wheelchair was on the back of one of her older brothers, so he knows precisely what is required of a transfer aid. 

    Alex has been in charge of the continuing development and refinement of the Kera, a product which is taking on and challenging the healthcare establishment. 

    Richard is an ex-banker looking to redeem his soul. 

    Richard wanted to be involved in a business that lives its values and was centred on listening to the customer.

    As a consequence, the HT Systems team has worked closely with health professionals, people with disabilities and their families to develop a strong understanding of their needs and what just doesn’t work for them.  

    The Problem we are solving

    Living with a disability can be hugely challenging, both for that person and for their caregivers.  For many, one of the biggest challenges is in maintaining mobility and quality of life for someone who is unable to move for themselves.  

    The daily reality for many is one of feeling like a burden and fearing for the future, wondering how much longer their loved ones can continue to care for them at home, or worrying about their dignity and safety while living in a care facility. The challenges in maintaining mobility and quality of life for someone who is unable to move for themselves can rob the elderly and people living with disabilities of essential life experiences, self-respect and cherished time with their loved ones.

    With 4 caregiver injuries occurring every day in New Zealand, those who shoulder the responsibility of transferring mobility-compromised people are also bearing a physical toll. Caregivers, both at home and in facilities, are sacrificing valuable time and energy to transfers which could be better spent actually caring for people living with disabilities and helping them to maintain full lives.

    With over 100,000 New Zealanders (and millions more, globally) who can’t move for themselves, we have identified a significant opportunity to support people with disabilities and their caregivers by reducing the time and the number of caregivers required to move a person.  The result is greater safety for caregivers, and a better quality of life for people living with disabilities and those that care for them.

    Our Solution: The Kera sit2sit

    Deborah on the Kera

    Our first product, the patented Kera sit2sit, empowers people with disabilities and their caregivers to m

    ove between locations quickly, safely and easily with a one-to-one transfer solution that preserves the dignity, respect and quality of life of people living with disabilities and those who care for them.

    The Kera is already changing lives in Aotearoa New Zealand by enabling Kiwis with disabilities to live fuller lives, and supporting caregivers to more easily look after those who can’t move for themselves.  This innovative technology is supporting Kiwis living with spinal cord injury, neurological diseases (Multiple Sclerosis, Motor Neuron Disease, Muscular Dystrophy), limited mobility due to aging, amputations, Spina Bifida and Cerebral Palsy.  

    Our Journey so far

    This journey began with a request from the chief surgeon at Christchurch’s Burwood Hospital. He recognised the prevalence of work-related injuries among nursing staff who were getting injured lifting mobility-compromised patients and he approached the University of Canterbury Engineering Department for solutions. 

    With his feedback, Keith worked with students on a series of prototypes to efficiently move people between seats. We learned that rolling a eated patient forward at their centre of mass could transfer them from one seated position to another without any need to physically lift them.

    From there, HT Systems was established and our team began engaging in more detailed conversations with people living with disabilities.  Its now been over the 3.5 years and the team at HT Systems has developed the innovative Kera transfer aid which has transformed the lives of hundreds of Kiwis.

    The HT Systems strategy to date has been to grow organically within NZ and learn from our customers being close.  The time is now right to take the learnings gained from this phase of our journey and grow the business in larger markets. 

    Meet our Clients

    Our clients

    Why we need your investment

    ...and what are we planning to do next

    "The next stage of our development as a company is about growth, and we need people like you to come on board and help provide the funds to grow HT Systems into a global assistive technology company."

    Richard Shepherd, CEO

    We are now ready to grow the business and are raising up to $750,000 to support the release of two new products and a launch of the Kera into the Australian market in 2022. 

    Grow in bigger markets 

    Given the limited size and nature of the NZ market, we plan to expand to larger and more accessible overseas markets. The initial focus will be on Australia and then to other markets (UK, Europe, US and Asia). 

    Develop new products 

    We have proven ourselves with the Kera, which has successfully sold in the NZ market for over 2 years and has made a huge difference in hundreds of Kiwi’s lives.

    Over the last few years, HT Systems has developed a strong understanding of how to transfer people with disabilities and fostered deep connections with the NZ market. All the things we’ve learned along the way can be applied to other new products. 

    We are already developing new products and, with new engineering resources, we plan to release them to market next year. 

    Grow our capability 

    To support our next phase of growth, we plan to hire up to 4 new roles to increase the capability and capacity of the team. With these new team members, we can accelerate our growth opportunities. 

     

    What are the risks?

    Access to capital 

    HT Systems may require additional capital for its growth activities. That capital may not be available (in which case the growth plans and future of the company will be at risk) or may only be available at a lower price than the current investment round (resulting in a reduction in the value of your investment). 

    Strong competition from new or existing players 

    There is significant risk, as with any business, that a strong competitor through its activities can have a negative impact on HT Systems revenue generating ability and/or HT Systems growth. 

    Intellectual Property

    HT Systems creates original intellectual property. There is a risk that IP protection cannot be secured or that the company may be exposed to unanticipated claims by other parties, or the IP in place is infringed by another party. 

    These scenarios can incur unexpected costs or impact sales of certain products or services being offered by HT Systems. 

    Revenue and profitability challenges

    The forecasts presented in the IM are based on our best assumptions of the business going forward. As with all forecasts they are susceptible to uncertainty and changes in circumstances or external factors. 

    Regulatory challenges

    The assistive technology that HT Systems develops are typically categorised as “Medical Devices” and access is regulated in most countries.

    Key person risk

    The HT Systems business has a small number of employees each with their own complimentary skill sets.  Should any of the management team be incapacitated for a significant length of time then the business outcomes would be effected.

    COVID-19 

    The HT systems growth plan requires strong connections with international markets and sales to individuals with a high likelihood of being immuno-compromised.  Restrictions due to a global pandemic such as Covid-19 can reduce revenues.

    A note from PledgeMe

    We have completed Equifax checks on the company Hapai Transfer Systems and their Directors, as well as Google and Insolvency checks. There were no adverse findings.

    You need to pledge to see this update.

    Australian regulation update - Kera passes international standards testing

    08/12/2021 at 10:29 AM

    Hi All

    As our crowdfunding campaign comes to an end on Friday we wanted to update you about our Australian regulation.  

    In October we sent the Kera to Novita testing laboratory in South Australia.  Novita is a NATA accredited test lab for testing of assistive equipment to Australian and International standards.  Novita lab testing to international standards is also recognised in many other markets around the world.

    Kera lab test success

    We had already tested the Kera internally at the University of Canterbury and so we were confident of a successful outcome.  We a pleased to say that this confidence was well placed and the Kera passed all its testing under the International Hoist standard ISO10535.  We are just waiting on the final testing of accessories and then will be able to share the final report. 

    The passing of this lab testing is a big step towards being able to register the Kera as a medical device with the TGA in Australia.  It also enables us to start discussions with Australian distributors in the new year and keeps us on track to deliver one of our major objectives and stronger revenues in 2022.

    Help spread our message

    Share our PledgeMe campaign page with your friends and colleagues

    https://pledgeme.co.nz/investments/486-hapai-transfer-systems-ltd-t-a-ht-systems

    Thanks again for your support.

    Keith, Alex and Richard

     

     

    HT Systems NBR article

    07/12/2021 at 12:25 PM

    Hi All

    Our story made the NBR:

    https://www.nbr.co.nz/story/hapai-transfer-systems-crowdfund-hits-250000-minimum

    Thanks to corporate law firm Harmos Horton Lusk’s co-founder, former Emirates Team New Zealand director and investor in HT Systems, Greg Horton, who contributed to the article:

    “The potential for this sort of company, and their products in the disability space, is global, changing lives across the world, and driving strong returns from innovative products. There is nothing on the market with anything like the ease of this product” Greg Horton

    As an update, HT Systems has raised $268,776 through PledgeMe, with 3 days left in the campaign.

    Help spread our message

     - Share our PledgeMe campaign page with your friends and colleagues

    https://pledgeme.co.nz/investments/486-hapai-transfer-systems-ltd-t-a-ht-systems

     

    Thanks again for your support.

    Keith, Alex and Richard

    You need to pledge to see this update.

    HT Systems - major milestone #2

    29/11/2021 at 10:30 AM

    Hi All

    We wanted to let you know that our crowdfunding camapign achieved a major milestone yesterday breaking through $200,000. 

    Campaign progress

    Thank you to our generous pledgers for agreeing to join us as owners of a company with a mission to help people who are living with constraints.

    We now have $40,000 to go before our campaign reaches the minimum which will enable us to go ahead with our plans of launching into Australia and releasing new products. Although, we've still got a long way to go to meet our maximum goal of $750,000 which will allow the company to build capacity and capability to grow faster. 

    We only have 11 days left in our campaign and would appreciate any extra help you can give us.

    Help spread our message

     - Share our PledgeMe campaign page with your friends and colleagues

    https://pledgeme.co.nz/investments/486-hapai-transfer-systems-ltd-t-a-ht-systems

     - Like us on social media and share our posts.

    (Facebook: @Kerasit2sit or Linkedin @htsystems).

     - Share our Stuff article with your friends and colleagues

    https://www.stuff.co.nz/national/education/127013896/engineering-teams-invention-a-gamechanger-for-wheelchairusing-patients

     - Let everyone know about us and what we're doing - they can google "HT Systems" to find out more.

    Thanks again for your support.

    Keith, Alex and Richard

    You need to pledge to see this update.

    HT Systems stuff article

    20/11/2021 at 10:15 AM

    Hi All

    I hope you're having a good start to the weekend.  Here's the link to the article about us in Stuff.

    https://www.stuff.co.nz/national/education/127013896/engineering-teams-invention-a-gamechanger-for-wheelchairusing-patients

    Regards

    Keith, Alex and Richard

    You need to pledge to see this update.

      Offer Details

      Current Valuation 3,034,670
      Raise Minimum 250,000
      Raise Maximum 750,000
      Share Price 4.50
      Minimum Pledge 504.00
      Maximum Shares Offered 166,667
      Explanation of valuation:

      The company is valued at 3,034,670 (pre-money), by a variety of methods including:
      - Berkus method
      - Discounted cash flow method
      - External investors

      Financial Summary

      Prev Year Current Year Est. FY 2024 Est. FY 2025
      Revenue NZ $87,102 NZ $133,035 NZ $726,605 NZ $1,726,185
      Operating Expenses NZ $515,838 NZ $311,415 NZ $970,648 NZ $1,554,538
      EBITDA -NZ $134,513 -NZ $168,828 -NZ $232,039 NZ $192,961
      Net Profit -NZ $105,429 -NZ $122,596 -NZ $170,941 NZ $135,014

      Company Details

      Company Name: Hapai Transfer Systems

      Company Number: 6610554

      Company Documents

      Documents no longer available to download, as this campaign has closed

      Director Details

      Name Role Profile URL Invested?
      Keith Vivian ALEXANDER Director https://www.linkedin.com/in/keith-alexander-466314156/?originalSubdomain=nz
      Anya Jane HORNSEY Director https://www.linkedin.com/in/anya-hornsey-a2541814/?originalSubdomain=nz
      William Woodhouse LEE Director https://www.linkedin.com/in/william-bill-lee-cfinstd-magsc-a2a0618a/

      Ask a Question (You must login to ask a question)


      What is stopping the chinese making it, changing it slightly and someone "parelllel inporting " it to the states and undercutting you. Y' need a Chinnese patent. I know nothing about patents. Are the shares "for the new products" y' have comming on to ?.

      Posted on 06-12-2021 by Edwin

      Hi Edwin

      Yes, absolutely you will be investing in shares in HT Systems to enable us to launch into Australia and launch our new products. We are excited about our new products as they are doing well with our clients in testing and we have a head start with our experience from bringing the Kera to market.

      It is a good question that you ask about protecting our ideas from copying. We have Keith's years of experience with Springfree to draw on, where they have successfully fended off cheaper imitators and are still the only "springfree" trampoline. Our strategy is based on a mix of patents (in your example you can't parallel import into the States if it infringes our patent), a strong and quality focused brand and a fast rollout to the large markets like the US and Europe.

      Regards

      Richard

      Answered on 06-12-2021 by Richard Shepherd


      Hi There
      What are options for exit ?
      Regards
      Amit

      Posted on 03-12-2021 by Amit Jain

      Hi Amit

      Thanks for your interest.

      The Board doesn't have a predetermined view on exit. The current and medium term focus for the business is to grow sustainably through international sales and product development.

      When we successfully deliver on this strategy the business the following options for exit may become available:

      1. Continued trade as a private company and possible licencing in overseas markets
      2. Trade sale to a large multi national organisation (there are a number of billion dollar companies in the health sector who have all been acquisitive in the past)
      3. IPO listing on a stock exchange

      I hope that this helps?

      Regards

      Richard

      Answered on 03-12-2021 by Richard Shepherd


      If something unforseen happens how do one sell their shares

      Posted on 24-11-2021 by Jim Macdonald

      Hi Jim

      Share in companies like HT systems can be harder to sell because there is no stock exchange marketplace. Saying that we will do our best to facilitate share sales for our shareholders.

      If you had to sell your shares then you would register your interest with us. We would then notify other shareholders and they may choose to make you an offer for those shares.

      Let me know if you have any further questions.

      Kind regards
      Richard Shepherd

      P.S. For more information the Constitution is the legal document which deals with situations like this and it is available in the document pack as part of this offer.

      Answered on 24-11-2021 by Richard Shepherd


      Hi what an awesome device you have created - do you have international patents for the design or just NZ & Australia ? Thank you

      Posted on 21-11-2021 by E Wallace

      Thank you for your interest and support.

      We have 2 registered patents in Australia and the US. We have another patent, for improvements to our original patent, which has been filed in NZ, Australia and the US.

      Let me know if you have any further questions?

      Kind Regards
      Richard Shepherd

      Answered on 22-11-2021 by Richard Shepherd

      Sam
      2021-11-28 14:46:26 +1300
      Florence Saunders
      2021-11-27 22:29:58 +1300
      Craig Tregurtha
      2021-11-27 19:05:00 +1300

      "My father was a quadriplegic, and transferring him was always a challenge for us caring for him so this would've been fantastic to have had"

      Rebekah Tregurtha
      2021-11-27 18:53:06 +1300

      "I read the article in The Press so went online to find out more about it and it was lovely to see Deborah in your video."

      Uwe Groer
      2021-11-27 16:52:08 +1300
      Jocelyn Whyte
      2021-11-26 21:16:34 +1300
      Jim Macdonald
      2021-11-26 16:04:44 +1300
      Rex Mason
      2021-11-26 10:42:53 +1300
      Melissa Chai
      2021-11-25 21:50:20 +1300
      Toni Rowell
      2021-11-25 18:58:54 +1300
      Don
      2021-11-25 16:52:29 +1300

      "The Kera sit2sit transfer aid will make a serious difference to the speed, comfort and safety of patient transfers. Perhaps more importantly it will ensure the patient is seated correctly at the back of the chair with out manual handling to reduce the risk of Posterior tilt and in turn a number of associated problems. Congratulations well done Don Good Managing Director WS Medical Ltd "

      Jim Macdonald
      2021-11-25 14:17:49 +1300
      Trudy Drake
      2021-11-24 14:41:27 +1300

      "This is a game changer for mobility impaired people and their carers. Well done for coming up with this idea. "

      Anne Wignall
      2021-11-24 14:05:19 +1300
      Amanda Maplesden
      2021-11-24 11:59:31 +1300
      P J Waters
      2021-11-24 11:25:59 +1300
      Dean Kirk
      2021-11-24 10:13:42 +1300
      Keith Hutchinson
      2021-11-24 09:18:22 +1300
      Sylvia Allan
      2021-11-23 16:19:08 +1300
      Thecla
      2021-11-23 13:47:01 +1300
      Gary Wilson
      2021-11-23 09:51:15 +1300
      William Tuckey
      2021-11-23 09:47:42 +1300
      Catherine Englert
      2021-11-23 08:01:28 +1300

      "Fantastic team"

      Tony O'Keefe
      2021-11-22 16:36:03 +1300
      Joy Andersen
      2021-11-22 13:21:50 +1300
      Irene Provan
      2021-11-22 13:21:25 +1300
      Amanda Thorogood
      2021-11-22 13:02:29 +1300
      E Wallace
      2021-11-22 10:20:07 +1300

      "Fantastic product that I am proud to invest in for the difference it will make to so many lives. Great to see Kiwi Ingenuity at its best with this product."

      Greg Horton
      2021-11-21 18:17:11 +1300

      "Great product and company!"

      Kate Scott
      2021-11-21 16:14:49 +1300
      This campaign was successful and got its funding on 10/12/2021 at 5:00 PM.

      This campaign has closed, but this company may choose to do more equity raises on PledgeMe in the future. If you're interested in investing in Hapai Transfer Systems Ltd. (t/a HT Systems), you can sign up to be notified when a new equity campaign from this company is published.

      Notify Me

      Investor Perks

      Shares In Hapai Transfer Systems Limited

      NZ $504.00+

      Minimum investment of $504 for 112 shares! Each share is $4.50

      Warning statement about equity crowdfunding

      Equity crowdfunding is risky.

      Issuers using this facility include new or rapidly growing ventures. Investment in these types of business is very speculative and carries high risks.

      You may lose your entire investment, and must be in a position to bear this risk without undue hardship.

      New Zealand law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision.

      The usual rules do not apply to offers by issuers using this facility. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment.

      Ask questions, read all information given carefully, and seek independent financial advice before committing yourself.