RQM Technologies is a promising start-up in the field of Personal Tracking Devices. Recognized industry analysts Ovum Research, ABI Research, and Ovum predict that it will be a $22B market within five years.

Products and Services

RQM develops and distributes miniaturized Personal Locator Devices. Initially, the manufacturing of our devices will be subcontracted, while we develop the supporting software and systems internally, although we plan to manufacture our products in-house in future years. We have patents that allow us to develop military-inspired proprietary technology, which allows our products to work anywhere, even in cities. Our products are also distinct in that they are small and fully programmable. The end user can customize our systems to suit their unique needs. For example, maritime applications that include a water activated signal (for when a crewman falls overboard), are different from business applications.

Our main target markets are, but not limited to: the family consumer (channel sales to OEMs), businesses tracking shipments and vehicles, the military, as well as the political arena. We have received interest from many of these target markets due to our unique programming capabilities, including one branch in the U.S. Military.

We believe our systems will appeal to families who are concerned about the safety and well-being of their loved ones. Global child abduction is on a rise. In the U.S. alone, there are more than 2,100 missing children each day (FBI National Crime Information Center). On the other end, there are 4.5million Alzheimer patients in the U.S. 60% of whom wander off their homes unaware of their surroundings at one point or another. Our devices have the potential to save lives.

We have over 500,000,000 potential customers. We will now focus on a realistic three-year goal of approximately 99,000 users around the world, which will result in many millions of dollars in sales revenue.

Management

Andrew F. Siska and Steven M. Bloome are long-time associates. Their unique synergy is what makes RQM Technologies successful. Steven M. Bloome has over 25 years of experience in Sales and Marketing Management. He has partnered with other companies to create win-win opportunities and established a national presence. He has also been successful in launching new products. Andrew F. Siska is a Chief Electronic Engineer with 20 years experience, and is considered an expert in his field, having previously designed devices for military applications, medical imaging systems, computers and more.

RQM Technologies will increase sales by millions of dollar within two years by focusing its efforts on our strengths, key clients, and the needs of our customers.

1.1 Mission

RQM Technologies’ goal is to be the global leader in Personal Locator Devices. RQM Technologies will be the most trusted supplier of potentially lifesaving Personal Locator Devices by combining innovative technologies, minimization, affordability for end-users, programming capabilities and easy use.

Success Keys 1.2

The keys to success are:

• Real-life situations demonstrate the effectiveness and quality of products.
• Utilizing next-generation technology in order to improve upon current systems, while differentiating ourselves from our competition.
• Marketing: Managing channel issues and/or barriers of entry or resolving problems with large advertising and promotion budgets to penetrate target markets.
• Management: products delivered on time, costs controlled, marketing budgets managed. There is an temptation to increase.

Growth at the cost of profits. We will watch this temptation carefully to ensure that we are living up to our goals.

RQM Technologies needs start-up funding and partnering with value added investor/partners. They also need to have accomplished C-Level management.

1.3 Objectives

RQM Technologies have identified three types objective that can serve as difficult but achievable goals for the organization. They are:

Business Objectives

1. To be the best vendor in the emerging Personal Locator Device Industry.
2. To achieve profitability within one-year of the company’s creation.
3. To create additional profit centers, such as training, seminars, programming, and ancillary equipment. Within the first two year.

Financial Objectives

1. By the end of the second-year, increase product sales to several hundred thousand dollars annually.
2. Increase the gross margin and maintain it at a high level through the third year.
3. To improve inventory turnover, on an ongoing basis, to standardize inventory by the third and fourth years.

Marketing Objectives

1. Focus on target marketing to increase market penetration and domination.
2. Target markets can be expanded with controlled growth.
3. Establish brand awareness for the RQM Technologies’ name and products.
4. Position yourself as the global leader in Personal Locator Devices.