[March 2025] Additional support needed

2025-03-31


Earlier this month, I met with Cordellia Sita of the MIT Technology Licensing Office (TLO). Our exclusive option is due to expire soon, so we are requesting a second extension.

The exclusive option agreement gives Harmony the sole ability to negotiate with the TLO for a commercial license of the batch RO IP. Obtaining a commercial license is a necessary step before we are able to sell any batch desalination systems; our exclusive option only allows for research use.

Cordellia was happy with our piloting progress, particularly the Singapore PUB demonstration and off-grid BoR pilot. However, she and the TLO would prefer to see more substantial capital behind Harmony so they are assured we can successfully commercialize the technology.

Thus far, we have raised $220,000 via SAFEs. I am now redirecting my focus to fundraising with the aim of closing a priced round in CY2025. If you know of any investors who would be a good fit for Harmony, now is the time to connect us. Otherwise, you may no longer be receiving these updates from me a year from now.

What we’ve been up to

What’s up next

In March, we also converted a 1099 contractor to a W2 hire. Please welcome Martin Colwell to the team, bringing us to six strong. Martin has helped us with machining in the past. He is a sharp mechanical engineer and avid ice climber.

regards-
quantum


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