
Power Tee
Power Tee
Company Overview
World’s best performance automatic teeing system for the indoor environment, driving ranges, and country clubs. Power Tee has been installed in thousands of golf ranges globally, including the USA, UK, Europe, Asia & the Middle East. Power Tee is the premier automated teeing system in the game of golf. It is the number one internationally-patented golf tee practice system in the entire world. Power Tee has continued to evolve and improve over the past 20 years to ensure consistent, automatically teed golf balls every time the end-user swings. It creates the most productive and enjoyable experience for golfers looking to practice their game. * Utilized in 80% of commercial driving ranges in the U.K. * Leases create recurring revenue * 90% plus renewal rate on existing leases * Already in 70 driving ranges in the U.S. * Poised for strong growth in the U.S. * Intellectual Property is protected by patents * Prototype of a home-use Power Tee is developed & has substantial market potential The Capital Raise will: - Fund an in-house leasing program which should greatly increase sales to commercial and on-course driving ranges. - Increase the sale team - Complete development of the in-home Power Tee from a prototype to a mass production model - Increase advertising Power Tee has 3 main markets; - commercial golf ranges - on-course ranges at golf clubs - in-home golf practice areas The average golf range leases 15 Power Tee units and each unit produces five years of recurring lease revenue. The company's mission is to become the generic term for automatic teeing in USA. Power Tee is looking to aggressively enter the home-use golf market while continuing to improve and grow within the Range and Club markets as well. With the home-use golf simulator market projected to grow from $1.5B to $3B by the year 2030, Power Tee sees this as the main driver of future growth and expansion to support our core commercial use business. Power Tee should hit our financial projections by selling the home use Power Tee to less than 4% of millionaire golfers and less than 1% of non-millionaire golfers. Power Tee is the branded product and operating entity of Golf-Tech Inc.
Products & Services
Power Tee
Power Tee is the world's leading automated golf ball teeing system. Power Tee - Improves rhythm & builds muscle memory - Creates a consistent, repeatable environment - Makes golf more fun, more rewarding, and more productive - It has been proven a golfer can gain confidence practicing on Power Tee Commercial and On-Course Driving Ranges - Increases sales by 20% - 30% - Greater range experience - Attracts a broader demographic - Increased secondary spends - More family outings - Found in over 80% of commercial driving ranges in the U.K. - Historical renewal rate on commercial leases exceeds 90% - Please view the Driving Range Owner -Testimonial in the News/Links section Power Tee - Home Use Model - Prototype has been developed - Capital raise will allow to develop the production model - 4.5 inch deep - Foldable and stowable - Movable, on wheels - 45 million golfers in the U.S. - No automated teeing competitors - View the Power Tee home unit prototype in the News/Links section
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Team
Clare D
CHIEF OPERATING OFFICER
Trained with Ernst & Young in Audit. Several years in Industry with; Peak Technologies (UK) Limited – European Headquarters of US owned barcoding solu...
Bill F
CHIEF FINANCIAL OFFICER
Friday has helped grow public and early-stage companies. Experience includes SVP at a major bank, VP of Finance, CFO and CEO of start-up companies. He...
Doug B
MANAGING DIRECTOR SALES
After a successful career with 2 Fortune 100 Companies; Doug launched a computer training company. The Company went from 0 students to training more t...
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