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QUARA
Bacterial infections make people sick, hurt our pets,
and threaten our food supply, costing billions.
We’re creating a device to help us fight back.
QuaraSense™ — The first handheld sensor to detect bacterial infections in minutes
can save lives, alleviate suffering and improve the world’s food supply.
QuaraSense™ is a rapid handheld sensor that will detect harmful levels of bacterial infection, that threaten the safety and abundance of our food and water supply, and direct the appropriate use of antibiotics in humans, animals and fish.
QuaraSense™ is an entirely new technology platform that will measure the signature of infectious bacteria, enabling rapid response and greater chance for stopping an infection. Treatment efficacy may be measured on an ongoing basis. This will also be the first platform capable of detecting a wide range of infectious microorganisms with one test. QuaraSense™ technology is sampling made simple because it samples from the environment in which the infection is suspected. The days of chasing a population of bacteria with a test tube are over.
Our mission
Save lives, alleviate suffering and improve the world’s food supply.
Convertible Note - Pays 10% per year
Convertible to Regulation A+ common shares with an estimated 50% Discount*
Minimum Investment Amount $10,000
Note Matures December 31, 2020
Please review risk factors here
Our Target Markets:
- $260 billion annual global pet market **
- $6 billion lost each year in aquaculture disease **
- $110 Billion lost in the US each year due to food-borne illness **
- Help doctors quickly detect harmful infections that kill thousands of Americans annually **
A limited allocation of convertible notes with 10% interest per annum payable are available until February 28, 2020 at a 50% discount to a planned Regulation A+ financing. Notes will be sold on a first come, first served basis. Click the "Invest Now" button to invest and lock in this price.
- 50% Discount*
- 10% Interest
- $10,000 Min Investment
- Time Limited Offering at a 50% Discount.
Quara is planning a Regulation A+ (or “Reg A+”) equity financing at an initial share price anticipated to be $5.80 per share, subject to market and other conditions. Upon qualification by the Securities Exchange Commission (SEC) for the Reg A+ financing the initial convertible notes will have an expected conversion price of $2.90 per share. (Note: Conversion price may be adjusted based on final determination of Reg A+ pricing. The discount percentage will remain unchanged.) In due course it is also the intention of Quara to seek a public listing of its shares onto a major exchange.
Regulation A+ (or “Reg A+”) is a new way to raise capital created by the Securities Exchange Commission (SEC). Since June 25, 2015, companies have been allowed to apply to make a Reg A+ offering with the SEC and, when qualified, make an offering where anyone can participate as an investor. As at December 31, 2018, 262 companies have raised in excess of $1.4 Billion through the Reg A+ process with the rate of raising capital increasing by 30% from 2017 to 2018.
Regulation A+ is an exemption under the Securities Act of 1933 that allows for companies to publicly offer and sell securities in offerings of up to $50 million. While not a registered offering or an IPO, the process does involve filing of a Form 1-A and review by the Securities and Exchange Commission. No sales of securities, or exchanges of the convertible notes are permitted in this offering until the Form 1-A has been qualified by the SEC. While it is our intention to pursue the Regulation A offering in short order, we cannot guarantee that qualification will ever be received, or that it will be received prior to any other funding rounds by the company that may result in conversion of the notes.
QuaraSense™ is unlike anything else on the market.
Other devices require finding, then sampling bacterial populations before a test can be conducted.
With the old technology the risk of infection, the size of the infection, and status of the infection is not available.
To effectively control infection, we have to know more about the infection.
QuaraSense™ has the ability to determine the level of risk of a particular infection.
QuaraSense™ changes everything:
- QuaraSense™ will be a handheld point of care sensor. Eventually, people will be able to have them in their home. Food may be tested before consumption.
- QuaraSense™ will rapidly sense infections in humans, animals and fish and provide critical information about how harmful the infection is likely to be and whether the treatment is working.
- QuaraSense™ will change the processing industry by providing a rapid, reliable way of knowing whether their products, fish ponds, pipelines or bioreactors are safe. QuaraSense™ will help save lives, help our animals and reduce billions of dollars of seafood now being lost to disease. **
Quara will help save lives, help our animals and reduce billions of dollars of seafood now being lost to disease.
Pebble Lab’s global science team is run by Dr. Richard Sayre, working out of America’s famous innovation hub, Los Alamos, New Mexico. The journal Nature has described Dr. Sayre as one of the five crop scientists who could change the world.
Dr. Richard Sayre has extensive biotech experience in universities, national laboratories, and the private sector. He has worked with NASA, as part of a project to grow crops in space, and worked with the Gates Foundation on improving crops in Africa.
He is the author of over 170 biotechnology papers and patents, with over 9,000 citations and received over U.S. $100 million in grant funding for innovative technologies.
Dr. Ken Reardon, Quara’s Chief Science Officer, is Professor, Jud and Pat Harper Chair of Chemical and Biological Engineering, and holds joint appointments in several other programs at Colorado State University, including Cell and Molecular Biology and Biomedical Engineering.
Dr. Reardon is the Director of the Sustainable Bioenergy Development Center and a co-Director of the Colorado Center for Biorefining and Biofuels. He is also the founder and Chief Technology Officer of OptiEnz Sensors, which is based on research from his laboratory, and is building QuaraSense™.
Dr. Reardon is the lead investigator of nearly $8 million in two major Department of Energy grants on sustainable bioenergy awarded in the past 15 months.
He is the author of over 160 biotechnology papers and patents, with over 5,000 citations and received over USD $35 million in grant funding for various projects. Dr. Reardon has also received the Faculty Excellence Award from the College of Engineering at CSU in 2009.
- You will get test results in minutes. There will no longer be hours or days of waiting to get lifesaving results.
- QuaraSense™ will help in our battle against superbugs. We can detect infection quickly. More importantly, the ability to test whenever you want, means we will know in near-real time if treatments are working.
- Our pets can’t tell us when they are sick. QuaraSense™ will allow us to take fast, accurate tests.
- The Aquaculture industry will finally have a reliable way of knowing whether their products, or fish ponds, are infected with deadly bacteria.
- Handheld and simple to use
- Rapid, real-time sensing level and virulence of the infection
- QuaraSense™ measures the risk associated with suspected infections
- Handheld Early Infection Detection
- Bacterial Infection is costly and deadly
According to the US Centers for Disease Control and Prevention:
- FACT #1: Roughly 1 in 6 Americans (48 million people) are sickened each year by foodborne pathogens. **
- FACT #2: 128,000 of these people become sick enough to require hospitalization. **
- FACT #3: 3,000 people die of foodborne diseases every year in the US. **
- According to The Harvard Business Review, foodborne illnesses cost America $55 billion a year in medical treatment, lost productivity, and lost wages, not to mention litigation expenses. **
- Aquaculture is a $243.5 billion industry. In fact, about half of all the fish consumed throughout the world come from giant tanks on dry land rather than caught in the wild. **
- The aquaculture industry loses $6 billion a year because of diseased fish. In some years, approximately 40% of shrimp production is lost. **
This market includes:
- 120,00 veterinarians **
- 80,000 farms and ranches tending over 6 million sheep **
- 18,700 pet stores **
- 700,00 ranches, farms, and feed yards **
- According to our market research, approximately 51,200,000, or 40% of the nation’s 128 million households, can be considered "health conscious". **
- They are the people who spend almost $1 billion a year on blood pressure monitors
- $5 billion on blood glucose monitors **
- and over $4 billion on sleep apnea devices. **
ROD REUM, CPA, CGA
Executive Chairman
Mr. Reum has 40 years of senior executive leadership of both public and private companies. He has played a key role in management of the financing of many enterprises up to CAD $1.3 billion dollars for one project. He has been an officer and director of several public companies assisting a number of them through the “going public” phase of their growth. He has also been instrumental in bringing several new technologies from the development stage to market in the alternative energy, military and law enforcement sectors.
Steven C. Eror
Chief Executive Officer
Mr. Eror is an experienced Chief Executive Officer, Director and Investor in public and private companies with successes in the healthcare industry in cancer, inflammation and infection control. He is a strong business builder and business development professional with specific experience in Predictive Analytics, Drug Delivery, Medical Devices, Business Development, Entrepreneurship, and Strategic Planning. Steven has a lifelong interest in technology funding and investment. His experience includes serving as CEO of ProLung, Inc., MacroMed, Inc., Consonus, Inc. and as an Adjunct Professor of Finance at the University of Utah where he received a BA in Economics and French and an MBA. He is also Fellow at the National Association of Corporate Directors.
Nicolette Keith, CPA, CGA
Chief Financial Officer
Ms. Keith has been a Chief Financial Officer for private and public companies listed on the TSX Venture and the Frankfurt exchanges. In addition Ms. Keith held a senior accounting role for a public company listed on the New York Stock Exchange. Nicolette speaks three languages fluently and has a passing knowledge of several others which has served her well in the area of international business. Nicolette will provide strong leadership in the areas of regulatory reporting, capital management and international financial reporting standards.
Dr. Ken Reardon
Chief Science Officer
Dr. Reardon is Professor and Jud and Pat Harper Chair of Chemical and Biological Engineering and holds joint appointments in several other programs at Colorado State University, including Cell and Molecular Biology and Biomedical Engineering. His research combines sensor development, bioreactor analysis, systems biology, and applied microbiology and microbial ecology. Dr. Reardon received his B.S. degree from the University of Pennsylvania and his Ph.D. from Caltech, both in chemical engineering.
Dr. Rick DeRose
Director, Product Development
Dr. DeRose has more than 25 years of experience in Ag Biotech at Syngenta and Bayer developing innovation strategies for R&D projects. He was co-inventor of the first Roundup Ready Corn varieties. Dr. DeRose received the ASPB 2017 Innovation Prize for Agricultural Technology for translating discovery research into real-world outcomes in Global Agriculture and is an Industry Fellow for the Center for Innovation Management Studies at North Carolina State University. He received a Ph.D. in Medical Microbiology and Immunology from Wake Forest School of Medicine.
Steve Witt
President – OptiEnz Sensors
Mr. Witt has extensive leadership experience and vast knowledge of the test and measurement industry. Steve has worked in several entrepreneurial roles including Vice President of Business Development for Constant Wave, an early stage company in Colorado Springs. Steve has also been President of Compressor Controls Corporation, a global business delivering solutions for turbo-machinery control applications in the oil and gas industry, and Vice President and General Manager for Agilent Technologies in Colorado Springs, developing and delivering telecommunication test equipment.
Dr. Tichafa Munyikwa
Director, Regulatory Affairs
Dr. Munyikwa has over 20 years’ experience at major Ag Biotech companies as a Senior Research Scientist and Global Regulatory Expert. He has worked in the fields of agribusiness, biotechnology, plant molecular and cell biology, biologicals, RNA interference, genome editing, and synthetic biology. Dr. Munyikwa received his Ph.D. in Cell and Molecular Biology from Wageningen University (The Netherlands).
Mike Kao, CPA, CGA
VP Finance
Mr. Kao is a partner of WDM Chartered Professional Accountants, a Vancouver-based firm with over 30 years experience. Mike is proficient with both personal and corporate accounting, providing client services such as business advisory, consultancy, accounting, and tax services. WDM is registered with the Canadian Public Accountability Board, (CPAB), and the U.S. Public Company Accounting Oversight Board, (PCAOB), requiring a commitment to maintain the highest standards of professional objectivity, audit quality, and technical excellence.
Risk Factors
THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES OR BLUE SKY LAWS AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND STATE SECURITIES OR BLUE SKY LAWS. ACCORDINGLY, THE SECURITIES CANNOT BE SOLD OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE ACT. IN ADDITION, THE SECURITIES CANNOT BE SOLD OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE APPLICABLE STATE SECURITIES OR BLUE SKY LAWS. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC, ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON THE MERITS OF THIS OFFERING OR THE ADEQUACY OR ACCURACY OF ANY OTHER MATERIALS OR INFORMATION MADE AVAILABLE TO SUBSCRIBER IN CONNECTION WITH THIS OFFERING. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.
THE SECURITIES MAY ONLY BE PURCHASED BY PERSONS WHO ARE “ACCREDITED INVESTORS” (AS THAT TERM IS DEFINED IN SECTION 501 OF REGULATION D PROMULGATED UNDER THE ACT).
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
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