Kerst: Gecko Materials is on the ISS and under paid Space Force contract
Capella Kerst · Stanford Engineer: Gecko-Inspired Space Velcro · Aug 21, 2024 · at 5:57
Capella Kerst explains the government traction and deployment milestones for Gecko Materials' dry adhesive technology on The Pitch.
0:00 / 0:11exact quote · 11.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“We've completed two Air Force and Space Force contracts, and we are on the International Space Station, and we're actually in now a standalone, it's not a grant, it's actually a contract in which they're paying with the Space Force right now.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Capella Kerst
Kerst: Gecko Materials raised an $8M seed round at a $26M valuation
“A pre-money evaluation of twenty six million for an eight million dollar round is what we landed at.”
Kerst: Gecko Materials cut adhesive production time from 48 hours to 15 minutes
“It would take over 48 hours to make one unit. Because of the invention and my patent, we can make it in under 15 minutes.”
Kerst: Gecko Materials deploys on the ISS and lands major enterprise clients
“We're currently on the International Space Station. Honda, Ford, Toyota, GE, Intel, Hyundai are just to name a few of our seven of our customers here on Earth.”
Kerst: Gecko Materials counts Honda, Ford, Toyota, GE, Intel, and Hyundai as customers
“Honda, Ford, Toyota, GE, Intel, Hyundai are just to name a few of our seven of our customers here on Earth.”
Kerst: Gecko Materials will reach 88% profit margins within two years
“In the next two years, we'll be at 88% profit margins.”
Kerst: Gecko Materials will reach $80M ARR within five years
“So we are two X-ing our revenue this year, 3.8 X-ing the following year. And then end of five years, we will be ARR of eighty million. And that is based solely upon our current paying customers only and their LOIs that are located in the data room.”