O2Fast and Coronavirus readiness
O2Fast bridges the gap between any medical emergency and the time first responders arrive on the scene or professional medical help is obtained. This includes any type of medical emergency, including the onset of COVID-19 symptoms. For a brochure on how O2Fast can be an essential element of a Coronavirus readiness toolkit (as well as readiness for other epidemic, pandemic, civil and natural emergencies (now and future), Click here.
What does a Coronavirus readiness kit contain?
Generally, where does O2Fast fit?
We believe there are three classes of need for O2Fast and O2Fast+ (which uis our next generation device that is IoT enabled and cloud-connected). These consist of (i) Placement Markets; (ii) At-Risk Markets; and (ii) Preventative Buyers.
Examples of Placement Markets
Educational Facilities. There are approximately 138,153 educational campuses in the United States. Of these, there are approximately:
• 132,853 U.S. schools representing grades Kindergarten through 12th grade ; and
• 5,300 United States College and Universities
Retail Outlets. There are over 1 million retail establishments across the United States, according to the National Retail Federation (NRF), and there were approximately 116,000 shopping malls in 2017, many of which likely have AEDs on site.
Manufacturing Facilities. According to the U.S. Census Bureau and the Manufacturing Institute, there were approximately 295,643 manufacturing plants, or establishments, in the United States in 2014.
Recreational Vehicles. According to the Recreational Vehicle Industry Association (RVIA), there were approximately 9 million RVs are on the road in the United States in 2016. This represents a 29.3% increase in RV ownership since 2001 and is largely attributed to the enormous baby boomer generation. RV unit shipments were 483,700 in 2018, 504,600 units in 2017, and 430,700 units in 2016. The RVIA projects year-end totals of 402,100 units in 2019 and 386,400 units in 2020 would respectively rank as the fourth and sixth best years for the industry and easily exceed the 30-year (294,676 units), 20-year (331,206 units) and 10-year (332,210 units) industry averages for wholesale shipments.
Restaurants. The National Restaurant Association’s 2019 Restaurant Industry Factbook reported there are in excess of 1 million restaurant locations in the United States.
Residential Swimming Pools. According to the Association of Pool & Spa Professionals (APSP) there are approximately 10.4 million residential and 309,000 public swimming pools in the United States. The Centers for Disease Control (CDC) report that here in the United States, on average, 3,536 people died from drowning annually from 2005 to 2014, which equates to 10 deaths each day. About one in five people who die from drowning are children 14 and younger. In addition, there are thousands of others who suffer swimming pool-related injuries each year. By some estimates O2Fast’s retail price is approximately equal to the monthly cost of maintaining a residential swimming pool. We believe pool owners need O2Fast as a safety measure.
Occupational Safety & Health Act (OSHA) Compliant Buildings. There are approximately 20 million locations in the US required to have first aid available on site. called for in the OSHA Compliance Locations Publication. We believe this number represents a lower limit on the potential size of the install base of the placement market for O2Fast in the United States.
High Rise Buildings Office and Commercial Buildings. In 2012 there were approximately 5.6 million commercial buildings in the United States with 87 billion square feet of total floors space.
Hotels. There are approximately 56,000 hotels in the United States with 5.3 million guest rooms. It is estimated that there are approximately 115 rooms per floor on average. This implies approximate 46,000 hotel floors in the United States.
Golf Courses and Clubs. In 2018 there were 14,613 golf course facilities in the United States with 16,693 total courses.
Places of Worship. In 2005 there were approximately 330,000 congregations in the United States.
MRI Centers. The hazard presented by oxygen bottles is well understood. Magnetic and non-magnetic oxygen bottles are easily confused and present a hazard in the MRI examination room. In 2017 there were 39 million MRI scans in the United States. There were 37.56 MRI units per million people in the United States the same year. There were 325.7 million people in the US in 2017. This implies over 12,000 MRI machines in the US in 2017. We believe O2Fast is a safer alternative solution for patients needing temporary oxygen in the examination room.
Examples of At Risk Markets
At-risk markets comprise individuals at risk of specific medical emergencies as a result of either being diagnosed with or having at least one risk factor associated with cardiovascular disease or respiratory diseases or ailments. Respiratory diseases or ailments can include chronic obstructive pulmonary disease (“COPD”) and asthma. We believe that patients in this At Risk segment will include persons, or relatives of persons, with known existing medical conditions such as cardiovascular disease, COPD or asthma in which the presence of a safe, effective, and easy-to-use source of on-demand emergency oxygen is highly appealing.
The American Heart Association estimates there were approximately 121.5 million Americans with cardiovascular disease (CVD) in 2016, or 48% of adults. Excluding those with hypertension leaves 24.3 million Americans or 9% of the adult population. 840,678 Americans died from CVD in 2016. Focusing on the CVD population without hypertension: roughly 1% of people in their 20’s and 30’s have CVD, 8% of 40 and 50 year-olds have CVD. The prevalence almost triples to 21% of the population for 60 and 70 year-olds and nearly doubles again to almost 40% of people older than 80. The larger incidence in older populations combined with the rapid onset of the aging baby boomer population together suggest the number of Americans suffering from such diseases is likely to rise.
Examples of Preventative Markets
We believe that many individuals and homeowners may find O2Fast appealing as a preventive/first aid measure in the event of an unforeseen emergency, including cardiovascular emergencies, respiratory emergencies and general medical emergencies. Preventive buyers are defined as buyers with no known history or diagnosis of chronic disease, but are likely to buy O2Fast in preparation for or in anticipation of a possible emergency.
We believe that for the same reasons smoke alarms, first aid kits, AEDs and fire extinguishers are purchased for home use, the same consumers may be predisposed to purchase the O2Fast as part of their standard arsenal in the event of an emergency.