New Update from SAI

Discussion in 'MindStream' started by Step Ahead Innovations, Jul 6, 2016.

  1. Step Ahead Innovations

    Step Ahead Innovations Member

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    Hi R2R followers! We are very pleased to update you that we have closed a major round of financing for the MindStream monitoring system. Not only does this allow us to forge ahead towards launch with new momentum, it means we have solid support from committed investors to help get the innovative MindStream monitor to market. We are very fortunate to welcome these new investors to SAI, including the founder of a publicly held medical device company, owner of an aquarium service firm, five former executives from a major consumer products company, owner of a European-based aquarium business, an avid aquarium hobbyist and surgeon, and two very knowledgeable aquarists from New York. We are also thrilled to let you know we have begun expanding our team with numerous new full-time employees including CEO/CFO, (2) Mechanical Engineers, a Lab Manager/Technical Writer, and a Web Developer. With these new resources, we are accelerating towards product launch and will provide an update on the MindStream monitor beta testing and release date as quickly as we are able. We are still on track to hit the market this year, so stay tuned for another update soon!
     
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  2. twilliard

    twilliard Winter break! well on my way to being an I.T. PRO R2R Supporter R2R Excellence Award Reef Squad

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    That is awesome news!
     
  3. 805reef

    805reef Active Member R2R Supporter

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    nice to hear mainstream is still moving in the right direction! I am also very excited to be a beta tester! (hint hint!;))
     
  4. slojmn

    slojmn Valuable Member

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    Very good news indeed. I am really interested in this product. Way to go :)
     
  5. Reeferfourlife

    Reeferfourlife Coral hoarder! R2R Supporter

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    Very nice. Getting closer to see it come out. Love to see it in action.
     
  6. mdbannister

    mdbannister Ahh...the Reef Life Staff Member Team R2R R2R Excellence Award SCMAS Member Build Thread Contributor Article Contributor Partner Member 2018

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    Excited to read this!! :)
     
  7. bigdiscus513

    bigdiscus513 Active Member

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    Fishy
     
  8. reefwiser

    reefwiser LMAS R2R Supporter R2R Excellence Award Reef Squad Article Contributor Partner Member 2018

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    Not fishy in any way. Funding for these projects is hard to come by. The hobby is not a big niche of people. An all the low hanging fruit of advancements have already been made. Testing and automated testing is one area that we need to advance on. Too Too many people relay on poor quality test kits or don't even do test's at all.
     
  9. nitro

    nitro Well-Known Member R2R Supporter

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    Cool, I think an investor can help them get this product in to production.
     
  10. bigdiscus513

    bigdiscus513 Active Member

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    Ok let see .
     
  11. B-ridge

    B-ridge Active Member

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    Beleive it when I see it. Sounds like another ploy to keep the public salivating and waiting for nothing.
    So since we've waited so long do we get a price reduction if it ever comes out?
     
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  12. Breadman03

    Breadman03 Well-Known Member Catskill Reef Member

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    I've seen (okay, heard from reliable sources) that automated testing is possible, and am excited to see where Mindstream can go. Keep us updated and I'll keep following. I might even be interested in Beta testing, but that would have to be at a price the CFO....I mean wife would find acceptable.
     
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  13. Tori

    Tori ReefMoore 103 R2R Supporter

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    This is definitely exciting! Can't wait to see it.
     
  14. bigdiscus513

    bigdiscus513 Active Member

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    Don't get your hope up. And keep your cash
     
  15. Opus

    Opus Valuable Member

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    I take it that there was no presence at MACNA?
     
  16. mdbannister

    mdbannister Ahh...the Reef Life Staff Member Team R2R R2R Excellence Award SCMAS Member Build Thread Contributor Article Contributor Partner Member 2018

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    They were there. They are talking about releasing the midstream in spring of 2017 I believe.
     
  17. Jonty

    Jonty Active Member R2R Supporter

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    Mindstream was at Macna
     
  18. reefwiser

    reefwiser LMAS R2R Supporter R2R Excellence Award Reef Squad Article Contributor Partner Member 2018

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    Right they where there and and a spring roll out is in the works.
     
  19. Opus

    Opus Valuable Member

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    Thanks. Guess the excitement has worn off for people. There was a lot of chatter last year in the MACNA threads and I didn't see anything this year. They are going to have to sale a lot of units to make themselves profitable. Maybe they are following the inkjet model. Make very little on the product but have the consumable part marked up 1000%.
     
  20. mdbannister

    mdbannister Ahh...the Reef Life Staff Member Team R2R R2R Excellence Award SCMAS Member Build Thread Contributor Article Contributor Partner Member 2018

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    I think most of us who were excited last year are kind of waiting to see what happens at this point. Also, there's nothing really new to talk about it at this point. We're all just waiting now. LOL

    I'll get excited again once it hits the market. LOL
     
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