January 23, 2019
Dear SecureTech Shareholders:
It brings me great pleasure to share with you SecureTech’s 2018 accomplishments and challenges as well as provide you with a snapshot of what I envision SecureTech achieving in 2019.
SecureTech reached several significant milestones during the course of 2018, including:
We are all very excited and proud of those 2018 accomplishments. It was a very busy and productive year for us. However, we did encounter one challenge that caused us some unexpected delays and headaches towards getting Top Kontrol® into the US marketplace.
After closing on our first (and only) private placement financing in Q1 2018, SecureTech explored several contract manufacturers who should be able to mass produce Top Kontrol® with economies of scale. Eventually, we settled on Evotronics; partially because it is a family owned and operated business that we felt would be easy to work with and partially because of their close proximity to SecureTech’s own corporate offices.
We provided Evotronics with a Top Kontrol® prototype and spent several months working with them and their engineer to move Top Kontrol® from a hand assembled prototype to a mass-produced machine assembled production model. For one reason or another, a working production model never came off of their automated equipment. After many headaches and much deliberation, we parted ways with Evotronics in Q3 2018 and started working with Oznium, a Colorado based contract manufacturer.
Oznium was able to provide us with a working test production model of Top Kontrol® in December 2018. Shortly thereafter we live demonstrated this production model to a focus group comprised of likely customers. The feedback we received from this focus group was phenomenal and we are now taking steps to refine the Top Kontrol® production model accordingly. We hope to have this refined production model ready for demonstration and testing by government regulators towards the end of Q1 2019.
All in all, 2018 was a very good year for SecureTech and set the stage for what we anticipate will be a very good and productive 2019. Building on those achievements and moving forward SecureTech is aiming to accomplish the following notable milestones during the course of 2019:
In addition to the foregoing, I pledge to all of SecureTech’s shareholders to do a better job at keeping each of you informed of SecureTech’s developments and milestone achievements as they occur in 2019 and within scope of Regulation FD. Towards this, I ask that each of you please visit SecureTech’s corporate website at www.securetechinnovations.com and sign up for our press release dissemination list if you have not done so already.
I look forward to making this a great year at SecureTech and one to talk about for quite some time as we finally introduce the world to our revolutionary Top Kontrol® product!
Very truly yours,
/s/ Kao Lee
President and Chief Executive Officer
About SecureTech Innovations
SecureTech is an emerging growth company focused on developing and marketing personal and automobile security and safety devices and technologies. SecureTech is the maker of Top Kontrol, the only anti-theft and personal safety automobile device known that can safely stop a carjacking without any action by driver. For more information, visit www.securetechinnovations.com.
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. SecureTech Innovations, Inc. (“SecureTech”) assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, other than as required pursuant to applicable securities laws. For a description of additional risks and uncertainties, please refer to SecureTech’s filings with the Securities and Exchange Commission, including “Risk Factors” in its Annual Report filed on Form 10-K.