Trending...
- Sip Social Co. Partners With Omnify To Streamline User Experience Across Growing Operations
- White Castle Opens Second Arizona Restaurant
- Governor Hobbs' Bipartisan Water Policy Council Delivers Critical Recommendations to Protect Arizona's Water Security
The Phoenix-based company has raised more than $5 million so far toward bringing to market its Air Suspension Wheel, which has the potential to completely revolutionize the tire industry by featuring technology that offers a cleaner, cost-effective, stronger, and safer alternative to the highly pollutive traditional rubber tire
PHOENIX, Aug. 16, 2022 /PRNewswire/ -- To further develop its unique wheel technology, Air Suspension Wheel (ASW), an eco-friendly, cost-effective, stronger, and safer alternative to the highly pollutive traditional rubber tire, Global Air Cylinder Wheels®️, (https://globalaircylinderwheels.com/), is seeking build on its recent successful funding campaign efforts.
Encouraged by the results of its previous $3.3 million campaign, the Phoenix-based engineering company has relaunched its StartEngine campaign --- https://www.startengine.com/gacw -- to further evolve its Air Suspension Wheel, a patented airless mechanical design constructed primarily of steel with in-wheel suspension. The three-month StartEngine campaign, which ends in October, is already off to a fast start raising $192,000 in the first several days. Overall, the company has raised more than $5 million from investors so far and the company's valuation has increased from $27 million to $40 million since May 2022.
More on The Arizonar
Think of it as a wheel where the steel meets the road.
The ASW combines an inner steel hub with an outer steel drum which is connected by 8 or 12 nitrogen-filled air cylinders and four to six oil-filled dampers that provide suspension and damping. On the outer drum, individually bolt-on steel or polyurethane treads are fitted. These individual treads can be replaced without removing the wheel, a time-consuming process that takes up to eight hours with OTR rubber tires.
"The ASW is so much more than just another wheel," said Dr. Zoltan Kemeny, president and CEO of Global Air Cylinder Wheels. "As opposed to the traditional pneumatic tire providing suspension outside the rim, the ASW suspension is located inside the wheel. Essentially, our wheels become part of the vehicle's overall suspension system. Our wheels are an effective and viable option to rubber tires. They are cost-efficient, safer, and are better for the environment, and for those industries that rely heavily on tires."
The ASW technology has a strong patent portfolio with eight granted, and with 52 patents pending. The company has received multiple initial purchase orders and is expected to be fully commercialized within two years with rapid adoption into mining fleets.
Kemeny said that GACW orders will be for trucks and loader wheels. Loaders have four wheels and trucks have six, generating respective revenues of $600,000 per loader and $900,000 per truck. As a typical mine has 60 vehicles requiring 480 tires at $150,000 per wheel initial fleet orders could reach in excess of $20 million for a single mine.
More on The Arizonar
Other forms of expected revenue for the company include:
GAWC will also launch upcoming operational tests with a drum crusher for three months starting September 2022 on an open pit mine location in Chile, and with a CAT 994 front-end loader for three months starting October 2022 on an open pit mine location in Australia's Pilbara area.
ABOUT GLOBAL AIR CYLINDER WHEELS
Global Air Cylinder Wheels®️ is an engineering company out of Phoenix, Arizona. The company has been developing the Air Suspension Wheel for OTR mining vehicles since 2011.
Media Contact:
George Pappas
Conservaco/The Ignite Agency
562 857-5680
[email protected]
https://ignitecfp.com
SOURCE Global Air Cylinder Wheels
PHOENIX, Aug. 16, 2022 /PRNewswire/ -- To further develop its unique wheel technology, Air Suspension Wheel (ASW), an eco-friendly, cost-effective, stronger, and safer alternative to the highly pollutive traditional rubber tire, Global Air Cylinder Wheels®️, (https://globalaircylinderwheels.com/), is seeking build on its recent successful funding campaign efforts.
Encouraged by the results of its previous $3.3 million campaign, the Phoenix-based engineering company has relaunched its StartEngine campaign --- https://www.startengine.com/gacw -- to further evolve its Air Suspension Wheel, a patented airless mechanical design constructed primarily of steel with in-wheel suspension. The three-month StartEngine campaign, which ends in October, is already off to a fast start raising $192,000 in the first several days. Overall, the company has raised more than $5 million from investors so far and the company's valuation has increased from $27 million to $40 million since May 2022.
More on The Arizonar
- Emmy Award Winning Journalist Joins Prominent Haddonfield Real Estate Agency
- Founder Brings Inaugural Event To Braselton Georgia At Legendary Resort and Winery
- HBCUs Among Groups Heading to The Bahamas for Track & Field Competition in March 2024
- Noble World Foundation Proposes UN Security Council Reform to Foster Global Peace
- Handy Cookbook Announces Launch of Comprehensive Food Information Library
Think of it as a wheel where the steel meets the road.
The ASW combines an inner steel hub with an outer steel drum which is connected by 8 or 12 nitrogen-filled air cylinders and four to six oil-filled dampers that provide suspension and damping. On the outer drum, individually bolt-on steel or polyurethane treads are fitted. These individual treads can be replaced without removing the wheel, a time-consuming process that takes up to eight hours with OTR rubber tires.
"The ASW is so much more than just another wheel," said Dr. Zoltan Kemeny, president and CEO of Global Air Cylinder Wheels. "As opposed to the traditional pneumatic tire providing suspension outside the rim, the ASW suspension is located inside the wheel. Essentially, our wheels become part of the vehicle's overall suspension system. Our wheels are an effective and viable option to rubber tires. They are cost-efficient, safer, and are better for the environment, and for those industries that rely heavily on tires."
The ASW technology has a strong patent portfolio with eight granted, and with 52 patents pending. The company has received multiple initial purchase orders and is expected to be fully commercialized within two years with rapid adoption into mining fleets.
Kemeny said that GACW orders will be for trucks and loader wheels. Loaders have four wheels and trucks have six, generating respective revenues of $600,000 per loader and $900,000 per truck. As a typical mine has 60 vehicles requiring 480 tires at $150,000 per wheel initial fleet orders could reach in excess of $20 million for a single mine.
More on The Arizonar
- October 2023 Financial Market Review
- Mesa Launches New and Improved FREE Tools to Help Startups and Small Business Owners
- India Fest 2024 on Jan 27, 2024 at KY Expo Center
- Innovative Marketing and Branding Services Tailored for Small Clinics and Pharmacies
- Holiday Historic Home Tour in Mesa on Dec. 9
Other forms of expected revenue for the company include:
- recurring revenue from tread replacement
- licensing and royalty agreements
- other applications such as cars, buses, trucks, military, bicycles, wheelchairs, and many more
GAWC will also launch upcoming operational tests with a drum crusher for three months starting September 2022 on an open pit mine location in Chile, and with a CAT 994 front-end loader for three months starting October 2022 on an open pit mine location in Australia's Pilbara area.
ABOUT GLOBAL AIR CYLINDER WHEELS
Global Air Cylinder Wheels®️ is an engineering company out of Phoenix, Arizona. The company has been developing the Air Suspension Wheel for OTR mining vehicles since 2011.
Media Contact:
George Pappas
Conservaco/The Ignite Agency
562 857-5680
[email protected]
https://ignitecfp.com
SOURCE Global Air Cylinder Wheels
Filed Under: Business
0 Comments
Latest on The Arizonar
- Beck Properties Group, eXp Realty Expands Service in Southeast Indiana
- Stonely Unleashes Innovative Platform for Homeowners: Design and Order Kitchen Countertops Online with Ease!
- One Million Pages Read in the First Year !!
- Kingston NY-Based Ryan & Ryan Kicks Off its 65th Anniversary Dec. 6 by Underwriting a Chamber of Commerce Mixer Saluting RUPCO
- Tobu Railway's Hosts "Tokyo Downtown Tour: Bamboo Lighting."
- "Street Fighter™ 6" Panel Announced for December 2nd at Los Angeles Comic Con; The Music of Street Fighter 6: A Special Look at the Video Game
- Mesa Police Department Holiday DUI Task Force
- National Minority Health Association Launches "Equity for All."
- Governor Hobbs' Bipartisan Water Policy Council Delivers Critical Recommendations to Protect Arizona's Water Security
- Green Office Partner Launches Managed Print Services Program in Canada
- Pickleball Society: A New Era in Sports Marketing
- Vantiva Confirms its Strong Commitment to Diversity, Equity and Inclusion
- Mesa: Santa Making More Visits to Merry Main Street
- The World's No.1 Superstar Rings in 48th Birthday and 25 Years as an Entertainer
- Devart Is the Winner of 2023 New World Report Software and Technology Award
- Unveiling a Secluded Paradise: Beachfront Home on Dog Island, Carrabelle, Florida, Goes to Auction
- SalonInteractive Launches in Square App Marketplace to Provide eCommerce, Marketing & More to Beauty Professionals
- RacquetX Announces Miami Open Experience as Excitement Builds for Landmark 2024 Event
- RT-Mart Selects Blue Yonder To Transforms Category Management Capabilities
- New Book Reveals The Secrets Authors Need For Success With Books