| Please explain the purpose of operation: |
The Product
The Shred Console and Bin monitoring solution envisioned by MultiTech has the potential to revolutionize the B2B Shredding business by making the entire collection process more efficient.
Our solution will monitor fill levels in their deployed consoles and bins and provide this data to service companies. Service companies can:
• Ensure document security during the collection process
• Minimize risk of overfilled containers and unauthorized opening of containers
• Schedule just in time pick up
• Maximize load and route efficiencies
• Provide new competitive service offerings based on real data.
• Automatically and digitally document secure pick up and destruction
• Access will-call market economically
Field Test
The field test is a pre-commercialization activity to demonstrate our ability to both effectively monitor console fill levels and automatically document services provided. It is intended to demonstrate the value of the concept to service companies responsible for the collection and disposal of documents following NAID guidelines.
The test devices will be installed inside consoles owned by the service companies and located at their customers commercial premises. The devices utilize sensors that measure the level of documents in the consoles and detect when the door is opened for service. The device status (simple and short telemetry) is communicated to the IOT cloud via cellular LTE Cat M1 radio two (2) times a day. An Quectel BG96 module is used to communicate the data. The module has been certified with the FCC. The test devices are powered with an internal battery that will operate for the duration on the filed test but not be user replaceable. The energy in the battery is only enough for the device to operate for about 3-4 months. After that the device will become inoperable and will be removed from the consoles.
The test duration will be three (3) months. Test devices will be provided to four (4) selected service companies that have agreed to participate in the test. These companies are located in the Metro NYC region, Dallas, Las Vegas/Phoenix and Sacramento/San Francisco. A total of 500 devices will be deployed in the test as follows:
• Legal Shred – Deer Park, NY – 150 units
• Secure Shred – Dallas. TX – 100 units
• Assured Shred – Las Vegas, NV – 150 units
• Viking Shred – Sacramento, CA -100 units
The 500-unit test quantity requirement was determined through consultation with these service organizations. In order to determine the benefit of these devices to the service company and their clients, a sufficient number of devices have to be installed at individual locations to observe a measurable benefit in service effectiveness. There are differing service methodologies based on the regional markets. For example, in Las Vegas the service provider has a casino account that is serviced only once the consoles are filled. This currently requires that the service personnel visit the location frequently but only service the bins that are actually full. To test the benefit of this system we need to install sufficient bins at the various locations to measure increased operational efficiency.
Service companies often have a goal to fill their shred trucks completely in each service deployment. This is particularly important in major municipal markets like NYC where vehicle operating costs are very expensive. Similarly, other markets have smaller accounts that are dispersed over a wide area. Rather than servicing the account on a fixed schedule significant savings can be obtained by optimizing the service route based on actual fill levels. All these cases require more than a handful of devices to demonstrate the intended benefits.
The devices will be inactivated after the completion of the 3-month test. A total of 5 months are envisioned for the test period to allow for installation delays and any troubleshooting that may be required. |