Mark Smith discusses regulatory tailwinds and seeking EPA approval for CleanConnect.ai's monitoring system.
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“There's some other regulations coming up where we're getting our system being approved by the EPA. And it's done through one of our clients actually who's presenting our stuff to the EPA.”
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More from Mark Smith
PredictionOpen · timeframe Aug 2041
Smith: Fossil fuels will provide 80% of energy for 20 more years
“80% or more of our energy comes from fossil fuels and will in spite of all the focus on renewables for the next 20 years.”
Mark SmithAug 20, 2021▶ 2:06Oil and Gas ESG SaaS Hits $1.2m ARR in 12 Months, $5m Raise Next?
AssertionNot checkable as stated
CleanConnect.ai generates over $100,000 in monthly recurring revenue
“We're, no, we're six figures.”
Mark SmithAug 20, 2021▶ 6:52Oil and Gas ESG SaaS Hits $1.2m ARR in 12 Months, $5m Raise Next?
Disclosure
CleanConnect.ai receives 10-year upfront cash payments from oil and gas customers
“So when you're building a new pad, there's a thing called intangible drilling costs. So in that case, they want to accelerate CapEx. So they'll pay us for 10 years up front, everything. All hardware, all software.”
Mark SmithAug 20, 2021▶ 4:25Oil and Gas ESG SaaS Hits $1.2m ARR in 12 Months, $5m Raise Next?
What-if
Smith: Delaying his September 2000 exit would have reduced value by two-thirds
“Honestly, if we had waited another year, probably would have got a third of that.”
Mark SmithAug 20, 2021▶ 15:31Oil and Gas ESG SaaS Hits $1.2m ARR in 12 Months, $5m Raise Next?
Disclosure
Mark Smith: CleanConnect.ai considers SPAC route to acquire engineering companies
“You know, we're talking about doing a SPAC and putting extra money and buying up because I was very successful near the last year prior to exit of buying great engineering companies who couldn't market their way out of a wet paper bag.”
Mark SmithAug 20, 2021▶ 17:31Oil and Gas ESG SaaS Hits $1.2m ARR in 12 Months, $5m Raise Next?
Disclosure
CleanConnect.ai charges $5,000 to $6,000 per month per site
“An oil and gas site per site will pay about five to 6000 a month.”
Mark SmithAug 20, 2021▶ 3:37Oil and Gas ESG SaaS Hits $1.2m ARR in 12 Months, $5m Raise Next?
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