Hapai Transfer Systems Limited t/a HT Systems
By Richard Shepherd
NZ $409,140 pledged
109 people pledged
Closed
NZ $249,996 minimum target
This campaign was successful and closed on 01/11/2023 at 7:00 PM.
Make a PledgeAbout
Hapai Transfer Systems Limited t/a HT Systems
Daily activities that most of us take for granted are often out of reach for someone living with a disability. For the mobility-compromised, the distress of simple tasks like moving from one seat to another can bring a heartbreaking loss of freedom and quality of life.
At HT Systems, we’re not just creating products for better mobility; we’re empowering independence.
Our flagship product, the Kera sit2sit is now sold through distributors in NZ, Australia, UK and directly into the US. This year the Kera was awarded Best New Product by the Australian industry body (ATSA).
In 2021 we raised $378k from 133 PledgeMe investors. This funding enabled HT Systems to sign up with Aidacare, one of Australia’s largest healthcare equipment suppliers, who are also active in the UK. Revenues have doubled and are on track to double again this year.
Most importantly we have been able to assist hundreds more people in managing their mobility and living their best life.
And that’s just the beginning, the funding also enabled the development of more patented technology, which will be the basis of our product portfolio going forward.
As ageing populations increase worldwide, the demand for reliable and efficient in-home mobility solutions is soaring. We believe that HT Systems is strategically positioned to capture this market potential, offering you an exciting investment opportunity.
We are looking for investors to join us on the next step of our journey.
Our ambitious, and we believe, achievable five-year growth plan outlines a roadmap to introduce five products across five key markets, aiming for annual sales of $10 million before a liquidity event in 2028.
By investing in HT Systems, you’re not just supporting a business – you’re becoming a part of a movement that transforms lives. Our products have already made a positive impact in multiple countries, and your contribution can help us reach even more people.
Join us in shaping a future where mobility challenges are met with innovative solutions.
Read our full Information Memorandum here
We’re so blown away by the support you showed in our latest equity crowdfunding campaign on PledgeMe. Thank you.
An incredible 109 people pledged $302,998 to help create a future where mobility challenges are met with innovative solutions. The campaign helped raise the profile of HT Systems with some large prospective investors and organisations who can help take us forward.
Because we didn’t quite make our ambitious goal in the timeframe we set, we went back to the drawing board and did what we do best - developed a solution! Can you help us make this work?
We have reworked the crowdfunding offer with a lower minimum, which will see us through the next 12 to 18 months so we can deliver the foundations of our five-year growth plan.
Over the next 4-6 months, we’ll work to carry on discussions with larger investors, who we hope will supplement the crowdfunding so we can fully deliver the five-year growth plan.
Daily activities that most of us take for granted are often out of reach for someone living with a disability. For the mobility-compromised, the distress of simple tasks like moving from one seat to another can bring a heartbreaking loss of freedom and quality of life.
With 4 caregiver injuries occurring every day in New Zealand, those who shoulder the responsibility of transferring mobility-compromised people are also bearing a physical toll. Caregivers, both at home and in facilities, are sacrificing valuable time and energy to transfers which could be better spent actually caring for people living with disabilities and helping them to maintain full lives.
With over 600,000 Australasians (and millions more, globally) who can’t move for themselves, we have identified a significant opportunity to support people with disabilities and their caregivers by reducing the time and the number of caregivers required to move a person. The result is greater safety for caregivers, and a better quality of life for people living with disabilities and those that care for them.
At HT Systems, we’re not just creating products for better mobility; we’re empowering independence.
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Our first product, the award-winning Kera sit2sit hoist, empowers people living with disability to move between seats, quickly, safely and easily with a one-to-one transfer solution that is enabling individuals and families to retain their freedom and dignity. The Kera sit2sit is now being sold in 5 countries, changing lives around the world, supporting those living, mostly in their own homes, with spinal cord injury, amputations, neurological diseases (Multiple Sclerosis, Motor Neuron Disease, Muscular Dystrophy), Spina Bifida and Cerebral Palsy to live fuller lives.
Our intention is that the Kera sit2sit is just the beginning, HT Systems has developed a strong understanding of how to transfer people and deep connections in the market. We have used this platform to develop two new products which are in the final stages of market testing. Our plan is to become a global multi-product assistive technology company. |
Strong Trends are Driving Global Healthcare
Aging population growth - Between 2015 and 2050, the proportion of the world’s population over 60 years will nearly double (from 12% to 22%)
Increase in Chronic Diseases - By 2050, US people older than 50 will be living with at least 1 chronic disease will double to 143m
Preference for homecare - 80% of 60+ Kiwis, who are currently living in their own home, plan to stay there
Increased life expectancy - Global Life expectancy at birth 74.1 years (2020) will rise to 74.9 years (2024)*
Increased costs of healthcare - Global health spending to grow at 3.9% p.a. from 2020 to 2024*
Meet Erik & Jean"We were at a loss, really, to decide what we were going to do. [Now] I can manage here at home by myself and Jean doesn’t need to go into a rest home for care." Erik V.
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Meet Steve & Fiona"We’ve been on holidays with it...it makes us getting out and about a lot easier..." Steve "It only takes one person, I think that that’s a big deal…" Fiona
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Total Addressable Market
Potential Hoist Sales per Annum
Patient Handling Equipment Global Market Report 2023 estimates there is a $21.25b per annum Patient Handling Global Market. We have extrapolated potential hoist total addressable market data from ABS Disability, Aging & Carers 2018 and Worldometer as:
- New Zealand (9k) - Sales from 2019. Continue to grow the market as Kera gains acceptance and planned introduction of new products
- Australia (31k) and the United Kingdom (82k) -Distributor entry in 2023 with Aidacare. Consolidate sales in 2024 and planned introduction of new products.
- North America- Largest global healthcare market. Direct sales from 2023. Planned distributor entry 2024.
- Asia (selected - 230k) and Europe (399k)
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Richard Shepherd Chief Executive Officer |
Alex O’Keefe Chief Technology Officer |
Prof. Keith Alexander Founder, Director & Technical Advisor |
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Richard is an ex-banker looking to redeem his soul. Richard wanted to be involved in a business that lives its values and was centred on listening to the customer. Consequently, the HT Systems team has worked closely with health professionals, people with disabilities and their families to develop a strong understanding of their needs and what works for them. It may seem like a cliché, but the truth is that we enjoy the special feeling that we get when we see our products transforming people’s lives; where a person can stay in their home and much of the burden of care on their family is removed, or in a care facility where caregivers are freed up to care. |
Alex’s sister spends her life in a wheelchair. When she was young, her favourite method of transferring was on the back of one of her older brothers, so he knows precisely what is required of a transfer aid. While Alex’s sister doesn’t need his help anymore, he is excited about creating new technology that will help people whose lives can be greatly improved by thinking differently about assistive technology. Alex drives the continuing development, refinement and manufacturing of the Kera. The team has worked closely with people in their homes and workplaces and Alex is bursting with new product ideas to make people’s lives less challenging. |
Our founder, Keith, is a serial NZ inventor who invented the Springfree Trampoline which has gone on to be a global commercial success. Keith’s experience in commercialising the trampoline and his desire to make the world a safer place has led us to where we are today. Keith founded HT Systems in 2018 with the vision of creating a product that would change the lives of caregivers and those they care for. |
"This equity funding round will fund our 5-year growth plan. We plan to drive revenue growth across 5 products in 5 key markets and targeting a liquidity event in 2028."
Richard Shepherd, CEO
Grow in bigger markets |
Develop new products |
Grow our capability |
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2023 has seen the successful launch into Australia and the UK through our distribution partner Aidacare. We have also supplied units into the US and Europe directly to end clients. We are gaining traction in Australia and will use the model refined in this market to drive sales in bigger markets. In 2024 we plan to exhibit at US trade shows to recruit a local distributor using the experience gained from our Australian successes. After driving sales in these markets, we will look to other markets such as Europe and Asia. |
We have proven ourselves with the award-winning Kera sit2sit, which has made a huge difference in hundreds of people’s lives. We’ve spent our time getting things right; all the things we’ve learned along the way can be applied to other new products. The PledgeMe funding in 2021, provided the business R&D capacity fueling the development of a new travel product and an innovative new lifting vest technology. The planned launch of these products presents an exciting step forward in the progress of the company. |
New funding will support our next phase of growth. Capability and capacity is required in Engineering, production and sales. The business has been managed tightly and this focus will continue however resource is required to accelerate our growth opportunities and deliver sustainable profits. |
Read our full Information Memorandum here
The Offer
We are offering up to 83,333 ordinary shares at $6.00 each which will equate to a total of approximately 8.40% of the shares in Hapai Transfer Systems Limited. Minimum investment is 84 shares ($504.00).
Investing in HT Systems means more than just potential financial returns – it’s about investing in impact.
Your investment helps create a tangible change toward a more inclusive and accessible world, where everyone can enjoy the freedom they deserve.
Forecast Outcomes
For a detailed breakdown of our financials, forecasts and information, see our Information Memorandum.
What are the risks?
Access to Capital
HT Systems may require additional capital for its growth activities. That capital may not be available (in which case the growth plans and future of the company will be at risk) or may only be available at a lower price than the current investment round (resulting in a reduction in the value of your investment).
Strong competition from new or existing players
There is significant risk, as with any business, that a strong competitor through its activities can have a negative impact on HT Systems revenue generating ability and/or HT Systems growth.
Intellectual Property
HT Systems creates original intellectual property. There is a risk that IP protection cannot be secured or that the company may be exposed to unanticipated claims by other parties, or the IP in place is infringed by another party.
These scenarios can incur unexpected costs or impact sales of certain products or services being offered by HT Systems.
Revenue and profitability challenges
The forecasts presented in the IM are based on our best assumptions of the business going forward. As with all forecasts they are susceptible to uncertainty and changes in circumstances or external factors.
Regulatory challenges
The assistive technology that HT Systems develops are typically categorised as “Medical Devices” and access is regulated in most countries.
Key person risk
The HT Systems business has a small number of employees each with their own complimentary skill sets. Should any of the management team be incapacitated for a significant length of time then the business outcomes would be effected.
COVID-19 or similar global restriction
The HT systems growth plan requires strong connections with international markets and sales to individuals with a high likelihood of being immuno-compromised. Restrictions due to a global pandemic such as Covid-19 can reduce revenues
Read our full Information Memorandum here
Note from PledgeMe
We have completed Equifax checks on HT Systems Limited and their Directors, as well as Google and Insolvency checks. There were no adverse findings.
Updates 9
Thank you from the HT Systems' Team!
01/11/2023 at 8:19 PM
Hi All
Our crowdfunding campaign has now closed at $406,644.
Thank you to the 108 pledgers for your unbelievable support. The PledgeMe team will be in touch to finalise everything and then we'll keep you up to date with our progress.
We are excited get back to doing what we do best, transforming the lives of people living with disability with our game changing products.
Richard, Alex and the HT Systems Board
Over $400k invested and just 7 hours left to join!
01/11/2023 at 11:48 AM
It's all smiles at HT Systems today, we’re thrilled to have received so much investment this far! Every pledge allows us to extend the benefits of our mobility solutions to more people.
Thank you to 106 people who have pledged over $405k and have become a part of a movement that is transforming lives.
If you’re not able to invest - or you already have (THANK YOU!) - There's still time to help spread the word?
Can you share this email with 5 people?
Can you post our PledgeMe link on your social networks?
Invest now at our PledgeMe campaign page
Our campaign closes at 7pm, Wednesday, 1 November or if we fill the final $95k before then.
Thanks for your support.
Richard and Alex
1 day to go! Don’t miss out on investing in our company’s growth.
31/10/2023 at 5:01 PM
Thanks to 97 amazing pledgers we have raised $394k with 1 day to go. But there’s still time to go for others to get involved!
Our campaign closes at 7pm, Wednesday, 1 November or if we fill the final $105k before then.
Meet Roger Loveless, investing for a second time
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Roger Loveless is one of many people whose lives have been improved by HT Systems’ mobility solutions. The Kera Sit2Sit has allowed Roger to stay at home and to travel the world. In this video, he’s testing our new lifting vest and standing to look his wife in the eyes for the first time in eight years. Roger has invested in both of our equity crowdfunding rounds because he wants to see the benefits, he’s experienced available to more people. Every pledge allows us to extend the benefits of our mobility solutions to more people like Roger. |
If you’re not able to invest - or you already have (THANK YOU!) - can you help spread the word?
Can you share this email with 5 people?
Can you post our PledgeMe link on your social networks?
Invest now at our PledgeMe campaign page
Remember our equity crowdfunding investment round closes on Wednesday, 1 November at 7pm.
Thanks for your support.
Richard and Alex
We've hit our minimum! We still need your help!
24/10/2023 at 1:51 PM
We are thrilled that after only 6 days we have passed our minimum funding of $250,000.
Huge thanks to the 72 people who have put their money behind our vision to bring innovative mobility solutions to the world.
Our equity crowdfunding campaign is open for 8 more days. Get in quick to secure your investment in a company that is transforming the lives of people in care.
If you’re not able to invest - or you already have (THANK YOU!) - can you help spread the word?
Can you share this email with 5 people?
Can you post our PledgeMe link on your social networks?
Invest today and help get these mobility solutions into the hands of more people who need them.
Join us on our growth journey here:
Thanks again for your amazing support
Richard and Alex
Hear from Greg Horton MNZM, investing in HT Systems for a second time.
20/10/2023 at 5:13 PM
Greg Horton, MNZM
Founding Director at HHL law firm. Prev. Director at Emirates Team New Zealand, CEO MND Association NZ.
Pleased with the progress and growth of HT Systems over the last two years, Greg has come back to invest for a second time.
“The potential for this sort of company, and their products in the disability space, is global, changing lives across the world, and driving strong returns from innovative products. There is nothing on the market with anything like the ease of this product. HT Systems is a genuinely innovative company in the disability space, with strong empathy and ideas for the disability sector, and the product has proven to be life-changing for people with similar conditions as myself, as well as their carers.”
Greg has been battling motor neuron disease (MND) since 2015. He was made a Member of the New Zealand Order of Merit (MNZM) for services to philanthropy and governance in 2022.
We'd love for you to join us - invest today from $500 to be a part of this exciting movement.
Photo description: Greg Horton, after his investiture as MNZM, for services to philanthropy and governance, by the governor-general, Dame Cindy Kiro (from Office of the Governor-General)
Hear from Paul Hangartner, investing in HT Systems for a second time.
20/10/2023 at 5:11 PM
Paul Hangartner
Chartered accountant with 30 years experience at large firms including Airbus, AirNZ, Avis.
“The two new products represent even greater potential for change and I am excited to be part of this company as I see huge promise for its growth, and in doing so - delivering an impactful change.”
“My daughter was training to be an OT and worked at several retirement villages. She told me stories of people left waiting for hours for a shower or the toilet because the lifts could only be operated by two people.”
“I saw my initial investment as an opportunity to be part of a good thing. Now I see huge potential for a significant capture of the global market share.”
“The new products have a much wider market. I could imagine them becoming as ubiquitous as defibrillators and first aid kits.”
“The team’s ability to learn from listening to their customers and adapt the product development to make the most of these opportunities is what really impressed me.”
We'd love for you to join us - We need you to invest today from $500 to be a part of this exciting movement.
Meet the founders
20/10/2023 at 5:07 PM
Meet the team at HT Systems. In this video, Keith, Alex and Richard outline their reasons, hopes and aspirations behind what they are doing at HT Systems.
Get involved in a movement that is transforming the lives of people in care.
Anyone can invest today from $500 to help make an impact!
New HT Systems campaign is live - 18 October 2023
20/10/2023 at 5:04 PM
We are excited to announce that HT Systems' new PledgeMe capital raise is now open!
As ageing populations increase worldwide, the demand for reliable and efficient in-home mobility solutions i soaring. We believe HT Systems is strategically positioned to tap into this growing market, offering a unique investment opportunity.
We’re on a mission to empower individuals with mobility difficultes by providing innovative in-home solutions that allow them to keep their independence and dignity.
HT Systems has successfully launched its flagship product in for countries. Your investment will help us build on this success and expand our product portfolio.
Our ambitious five-year growth plan outlines a roadmap to introduce five products across five key markets, aiming for annual sales of over $9 million before a liquidity event in 2028.
This new investment will as allow us to:
- Expand into the US, the largest health market in the world.
- Launch our innovative new products.
- Build the capacity in engineering, production and sales to be able to grow our revenues by providing better options to those who need it around the world.
By investing in HT Systems, you’re not just supporting a business – you’re becoming a part of a movement that transforms lives. Our products have already made a positive impact in multiple countries, and your contribution can help us reach even more people.
Join us in shaping a future where mobility challenges are met with innovative solutions.
We've launched a new campaign. Invest in transforming lives!
20/10/2023 at 4:48 PM
We’re so blown away by the support you showed in our latest equity crowdfunding campaign on PledgeMe. Thank you.
An incredible 109 people pledged $302,998 to help create a future where mobility challenges are met with innovative solutions.
The campaign helped raise the profile of HT Systems with some large prospective investors and organisations who can help take us forward.
Because we didn’t quite make our ambitious goal in the timeframe we set, we went back to the drawing board and did what we do best - developed a solution!
Can you help us make this work?
We have reworked the crowdfunding offer with a lower minimum, which will see us through the next 12 to 18 months so we can deliver the foundations of our five-year growth plan.
Over the next 4-6 months, we’ll work to carry on discussions with larger investors, who we hope will supplement the crowdfunding so we can fully deliver the five-year growth plan.
Join us on our growth journey here; PledgeMe campaign page
Thank you so much for being part of our mission to empower independence!
Details
Offer Details
| Current Valuation | 5,382,276 |
| Raise Minimum | 249,996 |
| Raise Maximum | 499,998 |
| Share Price | 6.00 |
| Minimum Pledge | 504.00 |
| Maximum Shares Offered | 83,333 |
Explanation of valuation:
The company is valued at NZ$5,382,276 (pre-money), using the discounted cashflow method.
Financial Summary
| Prev Year | Current Year | Est. FY 2026 | Est. FY 2027 | |
|---|---|---|---|---|
| Revenue | NZ $207,000 | NZ $363,000 | NZ $1,474,000 | NZ $2,514,000 |
| Operating Expenses | NZ $284,000 | NZ $399,000 | NZ $667,000 | NZ $1,159,000 |
| EBITDA | -NZ $215,000 | -NZ $307,000 | -NZ $125,000 | -NZ $38,000 |
| Net Profit | -NZ $234,000 | -NZ $293,000 | -NZ $140,000 | -NZ $52,000 |
Company Details
Company Name: Hapai Transfer Systems Limited
Company Number: 6610554
Company Documents
Director Details
| Name | Role | Profile URL | Invested? |
|---|---|---|---|
| William Lee | Chair | https://www.linkedin.com/in/william-bill-lee-cfinstd-magsc-a2a0618a/ | ✔ |
| Keith Alexander | Director | https://en.wikipedia.org/wiki/Keith_Alexander_(engineer) | ✔ |
| Anya Hornsey | Independent Director | https://www.linkedin.com/in/anya-hornsey-3b99774/ | ✗ |
Questions 4
Who are the end customers for the products? Individuals/families, or care facilities, hospitals and the like? Or both? If both, which is the larger opportunity?
Does the NDIS scheme in Australia make AU a particularly interesting market....do other countries have similar schemes that would assist sales through government funding?
(this question was copied from our previous campaign)
Posted on 20-10-2023 by Richard ShepherdThe end customers for the Kera sit2sit are primarily people, living with disabilities, and wanting to remain in their homes. This is because the Kera can have a profound impact on their lives and they are extremely motivated.
We expect that care facilities and hospitals will also become a bigger part of our revenues, particularly with the new lifting vest technology coming to market next year.
We do like working in people's homes as we can really see the impact and get instant feedback and ideas. The home market is the largest opportunity (1 product per home) and well financed through the government and not especially subject to the economic cycle..
We are excited to be in Australia with the NDIS which I believe is worth $30bn annually. The main reason being that NDIS uses bulk funding to put the funding in the hands of the people living in care to manage their own situation. NZ is moving to bulk funding through a scheme that has been trialed, over the last few years, called enabling good lives (EGL). Under bulk funding the client can make their decisions about the impact of a product on their lives and also offset savings like external caregivers.
Answered on 20-10-2023 by Richard Shepherd
What are the plans to launch in the United States?
(this question has been copied from our previous campaign)
A good portion of funds that we are raising now are to launch into the US, the largest healthcare market in the world. The good news is that we are already supplying directly to users in the US, proving that there is a strong demand for our Kera sit2sit in this market.
We plan to follow a similar approach to our Australian expansion where we will attend some US disability and healthcare expos and generate some interest from users, therapists and distributors.
We have had some good experience in selecting and working with distributors - getting the right distributor for HT Systems and our unique products will be the key to a strong rollout.
Equally important is to have "boots on the ground", a business development person who will provide ongoing training to the distributor, and generate interest from therapists and end users.
We have also developed a strong portfolio of online resources which puts the knowledge in the hands of the people on the ground and supplemented by online in-person support.
The final stage is to increase the capacity and capability of our organisation to supply quality product to such a big market.
With our revised campaign, we are still committed to launching in the US market in 2024 - We understand that this is a key strategic foundation of our 5 year plan and we need to get started as soon as we can.
Answered on 20-10-2023 by Richard Shepherd
Do you have to be a New Zealand resident to invest?
(this question has been copied from our previous campaign)
Anyone can invest in HT Systems.
At the end of the campaign, you will be contacted to provide some information to prove your identity and ensure that you are complying with the investment rules in your country.
Our PledgeMe crowdfunding campaign ends on 1 November, so pledge to invest today from NZ$500 for your share of a company that is transforming the lives of people in care.
Answered on 20-10-2023 by Richard Shepherd
How readily (quickly) can an individual obtain a Kera sit2sit in New Zealand?
(this question was copied from our last campaign)
Most purchases of the Kera sit2sit hoist are through the Ministry of Health or ACC. The process involves a therapist who is assigned to the person living with a disability, to assess the situation and recommend an equipment trial. The equipment trial is then organised and if successful the unit typically stays with the client.
This process can take 2-6 weeks depending on the therapist availability, MoH processing time and location of the trial. Our distributors, Dynamic Healthcare, are very knowledgeable and experienced in this process and will assist in making the process as seamless and quick as possible.
For private sales, this process follows similar steps but is usually much quicker.
Email us at [email protected] if you would like further information about the Kera sit2sit and would like us to put you in touch with our distributors.
Answered on 20-10-2023 by Richard Shepherd
Pledgers 109
13/11/2023 at 8:44pm
01/11/2023 at 6:05pm
"You guys have been working above and beyond for your customers. All the best for the next growth. 👏"
01/11/2023 at 5:43pm
01/11/2023 at 10:59am
01/11/2023 at 10:56am
01/11/2023 at 10:22am
01/11/2023 at 10:22am
01/11/2023 at 9:30am
31/10/2023 at 8:02pm
31/10/2023 at 7:57pm
31/10/2023 at 7:53pm
31/10/2023 at 6:03pm
"Great to support, go guys!"
31/10/2023 at 4:28pm
"HT Systems you're going to make such a difference to the lives of so many. Love ya work! "
31/10/2023 at 9:13am
30/10/2023 at 5:47pm
30/10/2023 at 2:43pm
30/10/2023 at 1:13pm
29/10/2023 at 6:29pm
29/10/2023 at 4:19pm
"So pleased to be able to help make this happen - such a worthwhile cause and very important to us. Iain and Ava Watson"
28/10/2023 at 5:03pm
28/10/2023 at 12:49pm
27/10/2023 at 7:31pm
27/10/2023 at 11:25am
27/10/2023 at 8:57am
27/10/2023 at 6:26am
25/10/2023 at 7:11pm
"In memory of Deborah, who benefited from Hapai systems"
25/10/2023 at 10:16am
25/10/2023 at 10:14am
25/10/2023 at 9:26am
"Uplifting work!"
25/10/2023 at 9:05am
Followers 5
Followers of Hapai Transfer Systems Limited t/a HT Systems
Hapai Transfer Systems Limited t/a HT Systems
Daily activities that most of us take for granted are often out of reach for someone living with a disability. For the mobility-compromised, the distress of simple tasks like moving from one seat to another can bring a heartbreaking loss of freedom and quality of life.
At HT Systems, we’re not just creating products for better mobility; we’re empowering independence.
Our flagship product, the Kera sit2sit is now sold through distributors in NZ, Australia, UK and directly into the US. This year the Kera was awarded Best New Product by the Australian industry body (ATSA).
In 2021 we raised $378k from 133 PledgeMe investors. This funding enabled HT Systems to sign up with Aidacare, one of Australia’s largest healthcare equipment suppliers, who are also active in the UK. Revenues have doubled and are on track to double again this year.
Most importantly we have been able to assist hundreds more people in managing their mobility and living their best life.
And that’s just the beginning, the funding also enabled the development of more patented technology, which will be the basis of our product portfolio going forward.
As ageing populations increase worldwide, the demand for reliable and efficient in-home mobility solutions is soaring. We believe that HT Systems is strategically positioned to capture this market potential, offering you an exciting investment opportunity.
We are looking for investors to join us on the next step of our journey.
Our ambitious, and we believe, achievable five-year growth plan outlines a roadmap to introduce five products across five key markets, aiming for annual sales of $10 million before a liquidity event in 2028.
By investing in HT Systems, you’re not just supporting a business – you’re becoming a part of a movement that transforms lives. Our products have already made a positive impact in multiple countries, and your contribution can help us reach even more people.
Join us in shaping a future where mobility challenges are met with innovative solutions.
Read our full Information Memorandum here
We’re so blown away by the support you showed in our latest equity crowdfunding campaign on PledgeMe. Thank you.
An incredible 109 people pledged $302,998 to help create a future where mobility challenges are met with innovative solutions. The campaign helped raise the profile of HT Systems with some large prospective investors and organisations who can help take us forward.
Because we didn’t quite make our ambitious goal in the timeframe we set, we went back to the drawing board and did what we do best - developed a solution! Can you help us make this work?
We have reworked the crowdfunding offer with a lower minimum, which will see us through the next 12 to 18 months so we can deliver the foundations of our five-year growth plan.
Over the next 4-6 months, we’ll work to carry on discussions with larger investors, who we hope will supplement the crowdfunding so we can fully deliver the five-year growth plan.
Daily activities that most of us take for granted are often out of reach for someone living with a disability. For the mobility-compromised, the distress of simple tasks like moving from one seat to another can bring a heartbreaking loss of freedom and quality of life.
With 4 caregiver injuries occurring every day in New Zealand, those who shoulder the responsibility of transferring mobility-compromised people are also bearing a physical toll. Caregivers, both at home and in facilities, are sacrificing valuable time and energy to transfers which could be better spent actually caring for people living with disabilities and helping them to maintain full lives.
With over 600,000 Australasians (and millions more, globally) who can’t move for themselves, we have identified a significant opportunity to support people with disabilities and their caregivers by reducing the time and the number of caregivers required to move a person. The result is greater safety for caregivers, and a better quality of life for people living with disabilities and those that care for them.
At HT Systems, we’re not just creating products for better mobility; we’re empowering independence.
|
Our first product, the award-winning Kera sit2sit hoist, empowers people living with disability to move between seats, quickly, safely and easily with a one-to-one transfer solution that is enabling individuals and families to retain their freedom and dignity. The Kera sit2sit is now being sold in 5 countries, changing lives around the world, supporting those living, mostly in their own homes, with spinal cord injury, amputations, neurological diseases (Multiple Sclerosis, Motor Neuron Disease, Muscular Dystrophy), Spina Bifida and Cerebral Palsy to live fuller lives.
Our intention is that the Kera sit2sit is just the beginning, HT Systems has developed a strong understanding of how to transfer people and deep connections in the market. We have used this platform to develop two new products which are in the final stages of market testing. Our plan is to become a global multi-product assistive technology company. |
Strong Trends are Driving Global Healthcare
Aging population growth - Between 2015 and 2050, the proportion of the world’s population over 60 years will nearly double (from 12% to 22%)
Increase in Chronic Diseases - By 2050, US people older than 50 will be living with at least 1 chronic disease will double to 143m
Preference for homecare - 80% of 60+ Kiwis, who are currently living in their own home, plan to stay there
Increased life expectancy - Global Life expectancy at birth 74.1 years (2020) will rise to 74.9 years (2024)*
Increased costs of healthcare - Global health spending to grow at 3.9% p.a. from 2020 to 2024*
Meet Erik & Jean"We were at a loss, really, to decide what we were going to do. [Now] I can manage here at home by myself and Jean doesn’t need to go into a rest home for care." Erik V.
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Meet Steve & Fiona"We’ve been on holidays with it...it makes us getting out and about a lot easier..." Steve "It only takes one person, I think that that’s a big deal…" Fiona
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Total Addressable Market
Potential Hoist Sales per Annum
Patient Handling Equipment Global Market Report 2023 estimates there is a $21.25b per annum Patient Handling Global Market. We have extrapolated potential hoist total addressable market data from ABS Disability, Aging & Carers 2018 and Worldometer as:
- New Zealand (9k) - Sales from 2019. Continue to grow the market as Kera gains acceptance and planned introduction of new products
- Australia (31k) and the United Kingdom (82k) -Distributor entry in 2023 with Aidacare. Consolidate sales in 2024 and planned introduction of new products.
- North America- Largest global healthcare market. Direct sales from 2023. Planned distributor entry 2024.
- Asia (selected - 230k) and Europe (399k)
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Richard Shepherd Chief Executive Officer |
Alex O’Keefe Chief Technology Officer |
Prof. Keith Alexander Founder, Director & Technical Advisor |
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Richard is an ex-banker looking to redeem his soul. Richard wanted to be involved in a business that lives its values and was centred on listening to the customer. Consequently, the HT Systems team has worked closely with health professionals, people with disabilities and their families to develop a strong understanding of their needs and what works for them. It may seem like a cliché, but the truth is that we enjoy the special feeling that we get when we see our products transforming people’s lives; where a person can stay in their home and much of the burden of care on their family is removed, or in a care facility where caregivers are freed up to care. |
Alex’s sister spends her life in a wheelchair. When she was young, her favourite method of transferring was on the back of one of her older brothers, so he knows precisely what is required of a transfer aid. While Alex’s sister doesn’t need his help anymore, he is excited about creating new technology that will help people whose lives can be greatly improved by thinking differently about assistive technology. Alex drives the continuing development, refinement and manufacturing of the Kera. The team has worked closely with people in their homes and workplaces and Alex is bursting with new product ideas to make people’s lives less challenging. |
Our founder, Keith, is a serial NZ inventor who invented the Springfree Trampoline which has gone on to be a global commercial success. Keith’s experience in commercialising the trampoline and his desire to make the world a safer place has led us to where we are today. Keith founded HT Systems in 2018 with the vision of creating a product that would change the lives of caregivers and those they care for. |
"This equity funding round will fund our 5-year growth plan. We plan to drive revenue growth across 5 products in 5 key markets and targeting a liquidity event in 2028."
Richard Shepherd, CEO
Grow in bigger markets |
Develop new products |
Grow our capability |
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2023 has seen the successful launch into Australia and the UK through our distribution partner Aidacare. We have also supplied units into the US and Europe directly to end clients. We are gaining traction in Australia and will use the model refined in this market to drive sales in bigger markets. In 2024 we plan to exhibit at US trade shows to recruit a local distributor using the experience gained from our Australian successes. After driving sales in these markets, we will look to other markets such as Europe and Asia. |
We have proven ourselves with the award-winning Kera sit2sit, which has made a huge difference in hundreds of people’s lives. We’ve spent our time getting things right; all the things we’ve learned along the way can be applied to other new products. The PledgeMe funding in 2021, provided the business R&D capacity fueling the development of a new travel product and an innovative new lifting vest technology. The planned launch of these products presents an exciting step forward in the progress of the company. |
New funding will support our next phase of growth. Capability and capacity is required in Engineering, production and sales. The business has been managed tightly and this focus will continue however resource is required to accelerate our growth opportunities and deliver sustainable profits. |
Read our full Information Memorandum here
The Offer
We are offering up to 83,333 ordinary shares at $6.00 each which will equate to a total of approximately 8.40% of the shares in Hapai Transfer Systems Limited. Minimum investment is 84 shares ($504.00).
Investing in HT Systems means more than just potential financial returns – it’s about investing in impact.
Your investment helps create a tangible change toward a more inclusive and accessible world, where everyone can enjoy the freedom they deserve.
Forecast Outcomes
For a detailed breakdown of our financials, forecasts and information, see our Information Memorandum.
What are the risks?
Access to Capital
HT Systems may require additional capital for its growth activities. That capital may not be available (in which case the growth plans and future of the company will be at risk) or may only be available at a lower price than the current investment round (resulting in a reduction in the value of your investment).
Strong competition from new or existing players
There is significant risk, as with any business, that a strong competitor through its activities can have a negative impact on HT Systems revenue generating ability and/or HT Systems growth.
Intellectual Property
HT Systems creates original intellectual property. There is a risk that IP protection cannot be secured or that the company may be exposed to unanticipated claims by other parties, or the IP in place is infringed by another party.
These scenarios can incur unexpected costs or impact sales of certain products or services being offered by HT Systems.
Revenue and profitability challenges
The forecasts presented in the IM are based on our best assumptions of the business going forward. As with all forecasts they are susceptible to uncertainty and changes in circumstances or external factors.
Regulatory challenges
The assistive technology that HT Systems develops are typically categorised as “Medical Devices” and access is regulated in most countries.
Key person risk
The HT Systems business has a small number of employees each with their own complimentary skill sets. Should any of the management team be incapacitated for a significant length of time then the business outcomes would be effected.
COVID-19 or similar global restriction
The HT systems growth plan requires strong connections with international markets and sales to individuals with a high likelihood of being immuno-compromised. Restrictions due to a global pandemic such as Covid-19 can reduce revenues
Read our full Information Memorandum here
Note from PledgeMe
We have completed Equifax checks on HT Systems Limited and their Directors, as well as Google and Insolvency checks. There were no adverse findings.
Thank you from the HT Systems' Team!
01/11/2023 at 8:19 PM
Hi All
Our crowdfunding campaign has now closed at $406,644.
Thank you to the 108 pledgers for your unbelievable support. The PledgeMe team will be in touch to finalise everything and then we'll keep you up to date with our progress.
We are excited get back to doing what we do best, transforming the lives of people living with disability with our game changing products.
Richard, Alex and the HT Systems Board
Over $400k invested and just 7 hours left to join!
01/11/2023 at 11:48 AM
It's all smiles at HT Systems today, we’re thrilled to have received so much investment this far! Every pledge allows us to extend the benefits of our mobility solutions to more people.
Thank you to 106 people who have pledged over $405k and have become a part of a movement that is transforming lives.
If you’re not able to invest - or you already have (THANK YOU!) - There's still time to help spread the word?
Can you share this email with 5 people?
Can you post our PledgeMe link on your social networks?
Invest now at our PledgeMe campaign page
Our campaign closes at 7pm, Wednesday, 1 November or if we fill the final $95k before then.
Thanks for your support.
Richard and Alex
1 day to go! Don’t miss out on investing in our company’s growth.
31/10/2023 at 5:01 PM
Thanks to 97 amazing pledgers we have raised $394k with 1 day to go. But there’s still time to go for others to get involved!
Our campaign closes at 7pm, Wednesday, 1 November or if we fill the final $105k before then.
Meet Roger Loveless, investing for a second time
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Roger Loveless is one of many people whose lives have been improved by HT Systems’ mobility solutions. The Kera Sit2Sit has allowed Roger to stay at home and to travel the world. In this video, he’s testing our new lifting vest and standing to look his wife in the eyes for the first time in eight years. Roger has invested in both of our equity crowdfunding rounds because he wants to see the benefits, he’s experienced available to more people. Every pledge allows us to extend the benefits of our mobility solutions to more people like Roger. |
If you’re not able to invest - or you already have (THANK YOU!) - can you help spread the word?
Can you share this email with 5 people?
Can you post our PledgeMe link on your social networks?
Invest now at our PledgeMe campaign page
Remember our equity crowdfunding investment round closes on Wednesday, 1 November at 7pm.
Thanks for your support.
Richard and Alex
We've hit our minimum! We still need your help!
24/10/2023 at 1:51 PM
We are thrilled that after only 6 days we have passed our minimum funding of $250,000.
Huge thanks to the 72 people who have put their money behind our vision to bring innovative mobility solutions to the world.
Our equity crowdfunding campaign is open for 8 more days. Get in quick to secure your investment in a company that is transforming the lives of people in care.
If you’re not able to invest - or you already have (THANK YOU!) - can you help spread the word?
Can you share this email with 5 people?
Can you post our PledgeMe link on your social networks?
Invest today and help get these mobility solutions into the hands of more people who need them.
Join us on our growth journey here:
Thanks again for your amazing support
Richard and Alex
Hear from Greg Horton MNZM, investing in HT Systems for a second time.
20/10/2023 at 5:13 PM
Greg Horton, MNZM
Founding Director at HHL law firm. Prev. Director at Emirates Team New Zealand, CEO MND Association NZ.
Pleased with the progress and growth of HT Systems over the last two years, Greg has come back to invest for a second time.
“The potential for this sort of company, and their products in the disability space, is global, changing lives across the world, and driving strong returns from innovative products. There is nothing on the market with anything like the ease of this product. HT Systems is a genuinely innovative company in the disability space, with strong empathy and ideas for the disability sector, and the product has proven to be life-changing for people with similar conditions as myself, as well as their carers.”
Greg has been battling motor neuron disease (MND) since 2015. He was made a Member of the New Zealand Order of Merit (MNZM) for services to philanthropy and governance in 2022.
We'd love for you to join us - invest today from $500 to be a part of this exciting movement.
Photo description: Greg Horton, after his investiture as MNZM, for services to philanthropy and governance, by the governor-general, Dame Cindy Kiro (from Office of the Governor-General)
Hear from Paul Hangartner, investing in HT Systems for a second time.
20/10/2023 at 5:11 PM
Paul Hangartner
Chartered accountant with 30 years experience at large firms including Airbus, AirNZ, Avis.
“The two new products represent even greater potential for change and I am excited to be part of this company as I see huge promise for its growth, and in doing so - delivering an impactful change.”
“My daughter was training to be an OT and worked at several retirement villages. She told me stories of people left waiting for hours for a shower or the toilet because the lifts could only be operated by two people.”
“I saw my initial investment as an opportunity to be part of a good thing. Now I see huge potential for a significant capture of the global market share.”
“The new products have a much wider market. I could imagine them becoming as ubiquitous as defibrillators and first aid kits.”
“The team’s ability to learn from listening to their customers and adapt the product development to make the most of these opportunities is what really impressed me.”
We'd love for you to join us - We need you to invest today from $500 to be a part of this exciting movement.
Meet the founders
20/10/2023 at 5:07 PM
Meet the team at HT Systems. In this video, Keith, Alex and Richard outline their reasons, hopes and aspirations behind what they are doing at HT Systems.
Get involved in a movement that is transforming the lives of people in care.
Anyone can invest today from $500 to help make an impact!
New HT Systems campaign is live - 18 October 2023
20/10/2023 at 5:04 PM
We are excited to announce that HT Systems' new PledgeMe capital raise is now open!
As ageing populations increase worldwide, the demand for reliable and efficient in-home mobility solutions i soaring. We believe HT Systems is strategically positioned to tap into this growing market, offering a unique investment opportunity.
We’re on a mission to empower individuals with mobility difficultes by providing innovative in-home solutions that allow them to keep their independence and dignity.
HT Systems has successfully launched its flagship product in for countries. Your investment will help us build on this success and expand our product portfolio.
Our ambitious five-year growth plan outlines a roadmap to introduce five products across five key markets, aiming for annual sales of over $9 million before a liquidity event in 2028.
This new investment will as allow us to:
- Expand into the US, the largest health market in the world.
- Launch our innovative new products.
- Build the capacity in engineering, production and sales to be able to grow our revenues by providing better options to those who need it around the world.
By investing in HT Systems, you’re not just supporting a business – you’re becoming a part of a movement that transforms lives. Our products have already made a positive impact in multiple countries, and your contribution can help us reach even more people.
Join us in shaping a future where mobility challenges are met with innovative solutions.
We've launched a new campaign. Invest in transforming lives!
20/10/2023 at 4:48 PM
We’re so blown away by the support you showed in our latest equity crowdfunding campaign on PledgeMe. Thank you.
An incredible 109 people pledged $302,998 to help create a future where mobility challenges are met with innovative solutions.
The campaign helped raise the profile of HT Systems with some large prospective investors and organisations who can help take us forward.
Because we didn’t quite make our ambitious goal in the timeframe we set, we went back to the drawing board and did what we do best - developed a solution!
Can you help us make this work?
We have reworked the crowdfunding offer with a lower minimum, which will see us through the next 12 to 18 months so we can deliver the foundations of our five-year growth plan.
Over the next 4-6 months, we’ll work to carry on discussions with larger investors, who we hope will supplement the crowdfunding so we can fully deliver the five-year growth plan.
Join us on our growth journey here; PledgeMe campaign page
Thank you so much for being part of our mission to empower independence!
Offer Details
| Current Valuation | 5,382,276 |
| Raise Minimum | 249,996 |
| Raise Maximum | 499,998 |
| Share Price | 6.00 |
| Minimum Pledge | 504.00 |
| Maximum Shares Offered | 83,333 |
Explanation of valuation:
The company is valued at NZ$5,382,276 (pre-money), using the discounted cashflow method.
Financial Summary
| Prev Year | Current Year | Est. FY 2026 | Est. FY 2027 | |
|---|---|---|---|---|
| Revenue | NZ $207,000 | NZ $363,000 | NZ $1,474,000 | NZ $2,514,000 |
| Operating Expenses | NZ $284,000 | NZ $399,000 | NZ $667,000 | NZ $1,159,000 |
| EBITDA | -NZ $215,000 | -NZ $307,000 | -NZ $125,000 | -NZ $38,000 |
| Net Profit | -NZ $234,000 | -NZ $293,000 | -NZ $140,000 | -NZ $52,000 |
Company Details
Company Name: Hapai Transfer Systems Limited
Company Number: 6610554
Company Documents
Director Details
| Name | Role | Profile URL | Invested? |
|---|---|---|---|
| William Lee | Chair | https://www.linkedin.com/in/william-bill-lee-cfinstd-magsc-a2a0618a/ | ✔ |
| Keith Alexander | Director | https://en.wikipedia.org/wiki/Keith_Alexander_(engineer) | ✔ |
| Anya Hornsey | Independent Director | https://www.linkedin.com/in/anya-hornsey-3b99774/ | ✗ |
Who are the end customers for the products? Individuals/families, or care facilities, hospitals and the like? Or both? If both, which is the larger opportunity?
Does the NDIS scheme in Australia make AU a particularly interesting market....do other countries have similar schemes that would assist sales through government funding?
(this question was copied from our previous campaign)
Posted on 20-10-2023 by Richard ShepherdThe end customers for the Kera sit2sit are primarily people, living with disabilities, and wanting to remain in their homes. This is because the Kera can have a profound impact on their lives and they are extremely motivated.
We expect that care facilities and hospitals will also become a bigger part of our revenues, particularly with the new lifting vest technology coming to market next year.
We do like working in people's homes as we can really see the impact and get instant feedback and ideas. The home market is the largest opportunity (1 product per home) and well financed through the government and not especially subject to the economic cycle..
We are excited to be in Australia with the NDIS which I believe is worth $30bn annually. The main reason being that NDIS uses bulk funding to put the funding in the hands of the people living in care to manage their own situation. NZ is moving to bulk funding through a scheme that has been trialed, over the last few years, called enabling good lives (EGL). Under bulk funding the client can make their decisions about the impact of a product on their lives and also offset savings like external caregivers.
Answered on 20-10-2023 by Richard Shepherd
What are the plans to launch in the United States?
(this question has been copied from our previous campaign)
A good portion of funds that we are raising now are to launch into the US, the largest healthcare market in the world. The good news is that we are already supplying directly to users in the US, proving that there is a strong demand for our Kera sit2sit in this market.
We plan to follow a similar approach to our Australian expansion where we will attend some US disability and healthcare expos and generate some interest from users, therapists and distributors.
We have had some good experience in selecting and working with distributors - getting the right distributor for HT Systems and our unique products will be the key to a strong rollout.
Equally important is to have "boots on the ground", a business development person who will provide ongoing training to the distributor, and generate interest from therapists and end users.
We have also developed a strong portfolio of online resources which puts the knowledge in the hands of the people on the ground and supplemented by online in-person support.
The final stage is to increase the capacity and capability of our organisation to supply quality product to such a big market.
With our revised campaign, we are still committed to launching in the US market in 2024 - We understand that this is a key strategic foundation of our 5 year plan and we need to get started as soon as we can.
Answered on 20-10-2023 by Richard Shepherd
Do you have to be a New Zealand resident to invest?
(this question has been copied from our previous campaign)
Anyone can invest in HT Systems.
At the end of the campaign, you will be contacted to provide some information to prove your identity and ensure that you are complying with the investment rules in your country.
Our PledgeMe crowdfunding campaign ends on 1 November, so pledge to invest today from NZ$500 for your share of a company that is transforming the lives of people in care.
Answered on 20-10-2023 by Richard Shepherd
How readily (quickly) can an individual obtain a Kera sit2sit in New Zealand?
(this question was copied from our last campaign)
Most purchases of the Kera sit2sit hoist are through the Ministry of Health or ACC. The process involves a therapist who is assigned to the person living with a disability, to assess the situation and recommend an equipment trial. The equipment trial is then organised and if successful the unit typically stays with the client.
This process can take 2-6 weeks depending on the therapist availability, MoH processing time and location of the trial. Our distributors, Dynamic Healthcare, are very knowledgeable and experienced in this process and will assist in making the process as seamless and quick as possible.
For private sales, this process follows similar steps but is usually much quicker.
Email us at [email protected] if you would like further information about the Kera sit2sit and would like us to put you in touch with our distributors.
Answered on 20-10-2023 by Richard Shepherd
Followers of Hapai Transfer Systems Limited t/a HT Systems
13/11/2023 at 8:44pm
01/11/2023 at 6:05pm
"You guys have been working above and beyond for your customers. All the best for the next growth. 👏"
01/11/2023 at 5:43pm
01/11/2023 at 10:59am
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31/10/2023 at 8:02pm
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31/10/2023 at 7:53pm
31/10/2023 at 6:03pm
"Great to support, go guys!"
31/10/2023 at 4:28pm
"HT Systems you're going to make such a difference to the lives of so many. Love ya work! "
31/10/2023 at 9:13am
30/10/2023 at 5:47pm
30/10/2023 at 2:43pm
30/10/2023 at 1:13pm
29/10/2023 at 6:29pm
29/10/2023 at 4:19pm
"So pleased to be able to help make this happen - such a worthwhile cause and very important to us. Iain and Ava Watson"
28/10/2023 at 5:03pm
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27/10/2023 at 11:25am
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25/10/2023 at 7:11pm
"In memory of Deborah, who benefited from Hapai systems"
25/10/2023 at 10:16am
25/10/2023 at 10:14am
25/10/2023 at 9:26am
"Uplifting work!"
25/10/2023 at 9:05am
I want to embed this investment somewhere
