NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- PogoTec, Inc., an innovator in wearable devices, today announced that on November 16, 2017, it filed an Offering Statement on Form 1-A with the Securities and Exchange Commission (“SEC”) to launch a Regulation A+ initial public offering (“IPO”). This filing came on the same day the company announced the purchase availability of PogoCam, the world’s smallest and lightest attachable eyewear camera that unobtrusively attaches to virtually all eyewear so consumers can capture and share the world from their point of view. PogoTec’s additional proprietary product solutions include PogoLoop, a universal connector that allows PogoCam to attach magnetically to virtually all eyewear as well as PogoTrack, an elegant metal track embedded in the temple design of modern eyewear to allow PogoCam and other wearable devices to attach and detach magnetically to PogoTrack frames. PogoTec has licensed PogoTrack to three global frame manufacturers, including ClearVision Optical, FGX International and Argus Vision.
InfoTrends estimates that 1.2 trillion digital photos will be taken worldwide in 2017. Additionally, research has pointed to the global eyewear market growing and projected to exceed $180.0 billion by 2024. By taking advantage of the intersection of consumer habits and eyewear, we believe that PogoTec is poised to establish an enthusiastic user base with its PogoCam that will be interested in future products.
PogoTec’s long-term business strategy includes leveraging a loyal and strong base of advocates to drive new users, and creating versatile products that can be used for everyday moments and a variety of occasions and activities. The company continues to commit substantial resources to research, develop and protect the intellectual property of forthcoming innovations in camera technology, augmented reality and wireless power. To date, PogoCam has filed 166 provisional patent applications that have been collapsed into 47 (32 provisional and 15 pending non-provisional) pending United States utility patent applications (provisional and non-provisional) and 54 pending foreign utility patent applications.
Through innovation, research and development and intellectual property protection, PogoTec will be a leader in lifestyle technology solutions enhancing people’s lives while preserving consumer style preferences. Additionally, PogoTec’s commercial strategy focuses on the company’s own eCommerce site, optical retail including eye care professionals, and traditional retail to drive sales (big box and online) and specialty and TV retail.
WR Hambrecht + Co is acting as the sole and exclusive underwriter for the Regulation A+ Initial Public Offering for PogoTec.
“PogoTec fits squarely within WRH+Co’s mission to assist exciting, early stage companies in accessing growth capital via the public market. PogoTec, like ShiftPixy and Arcimoto, scores highly on WRH+Co’s proprietary screens for its potential to disrupt its category,” said John Hullar, Managing Partner, WR Hambrecht + Co. “We look forward to supporting PogoTec in pursuit of its vision to innovate wearable technology and to bringing this opportunity to investors.”
Additional information on the filing can be found at:
PogoTec™, Inc. is a privately owned company incorporated in Delaware. Its core initiative is to enable electronic wearable devices with a special focus on eyewear. PogoTec’s product offerings consist of; PogoTrack: a proprietary attachment means for attaching electronic wearable devices to eyewear while maintaining the fashion look of eyewear and PogoCam: the world’s smallest and lightest camera attachable to eyewear. PogoTec’s management team and Board of Directors have extensive experience in creating and commercializing innovation. PogoTec has been extremely diligent in protecting its intellectual property and has numerous patent applications filed around the world. For more information about PogoTec, please visit www.PogoTec.com.
About WR Hambrecht + Co
WR Hambrecht + Co has been focused on opening the investing world to as many people as possible at fair market prices and was instrumental in reforming Regulation A to help accomplish that for growth companies and investors. Its Regulation A+ strategy is a continuation of the Hambrecht legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies. For more information about WR Hambrecht + Co, please visit www.wrhambrecht.com.
No money or consideration is being solicited by the information in this press release or any other communication and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of this offering by the SEC. A potential investor’s indication of interest does not create a commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date.
The offering, after qualification by the SEC, will be made only by means of the Offering Circular. Any information in this press release or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction.
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