The market for EMCP and LARM motors is significant:
• The electric fan market size was estimated at USD 13.44 billion in 2024 and expected to reach USD 14.04 billion in 2025, at a CAGR 4.32% to reach USD 17.33 billion by 2030.
• The industrial use segment also held a strong position in 2023, with a market share of more than 42% of the total electric fan market.
• The off-road vehicles cooling fan market size was estimated at 4.27 (USD Billion) in 2024 and is expected to grow from 4.51 (USD Billion) in 2025 to 7.28 (USD Billion) till 2034; a CAGR (growth rate) is expected to be around 5.48% during the forecast period (2025 - 2034).
• The global drone market is expected to be worth USD 95.4 Billion by 2034, from USD 36.4 Billion in 2024, growing at a CAGR of 10.1% during the period from 2025 to 2034.
• The $1.85 billion USA traction motor market is reliant on Chinese rare-earth magnet monopoly.
• The $14.29 billion USA drone market is reliant upon the Chinese rare-earth magnet monopoly; China supplies 77% of industrial and 90% of commercial drones in the US.
Competitive Edge
While Howden creates some very large hydraulic controllable pitch fans, the only two other such suppliers are Flexxaire, based in Edmonton, AB, and Cleanfix (Hägele GmbH), based in Schorndorf, Germany. Both solutions from Flexxaire and Cleanfix are marketed at agricultural equipment and are scarcely used outside those domains. We state that this effectively means there are no suppliers of cost effective and reliable controllable pitch fans – let alone ones that avoid hydraulics. Certainly, there are effectively no American suppliers of controllable pitch fans.
We have two patents that have issued – control over which runs until 2040 in the USA, Canada, France, Germany, England and India. We have provisionally filed critical improvements that should extend our dominance in the market until 2045. A market unserved by such technology will be one in which we can quickly gain force – for mining, industrial, military, and commercial applications as well as agricultural. Our cost point should enable us to justify the application of the technology in many applications where the low costs of fixed pitch have never been challenged. We will therefore be able to offer the US military a very stable solution using domestic supply (e.g. from Polaris and Bunting). The possibility for large volumes of sales will also mean significant economies of scale that will serve the warfighter’s budget.
Other People’s Money
Commercialization outside of the DOD has been addressed extensively throughout this document. We will have both a controllable pitch fan driven by LARM’s as well as independently sellable LARM’s to compete in many sectors – especially those challenged by the need for light-weight solutions. A MIL-SPEC Zeus inverter can be simplified to improve cost for sale outside of military customers.
Once a refined prototype is built in Phase II, we will be in position to start selling product. Without factors of production, we will initially rely on external fabricators to produce parts at volume. Loans will be the most practical funding source to undertake this early production work.