SteveGreaseBoss
Joined 6 years ago
Joined 6 years ago
The cofounders are spread across Gold Coast, Brisbane and Sunshine Coast in Queensland
The tag in cap idea is solid
We have not had a problem getting customers to sign up, aside from the normal nobody wanting to be first customer - the outback handshake came in handy here.
The outlay required is the labour to fit the tags to each zerk - some plants have 1000's of them, so a fitter @$120/hr has to visit all of them pull the zerk off and fit the tag. When tey are fitted we need to record to ID and put it into the database, then the system is good to go.
After that, we can remotely program the intervals and grease volumes - using the know how of the people on site, or the OEM manuals. One customer did't have the data, he sent his fitter into the plant to complete a round with GreaseBoss and we used the recordings as the baseline data.
There probably will be followers, especially now we are public.
The number 1 risk is user adoption - ie the guys who have to do the greasing hate it. We have the opportunity to implement it and learn all of the lessons before the followers catch up
We get feedback from customers all the time that they use auto-greasers, or their new equipment comes with auto greaser fitted standard. One issue we see is when they blend the new equipment with old equipment, they inevitably have a bunch of manual grease nipples that don't get managed and are forgotton about. There is also a class of nipples that are uneconomic or physically unable to have auto lubers.
We are initially the neglected cohort of nipples as our target market, because they are the ones that fail the regularly. Our intention is to eventually get our system to cover integrate the Autolubers as well - we think it would be very valuable to have a single source of truth for greasing.
You are right in saying that our customers prefer to buy on capex, we are still figuring out ways to satisfy this. The problem of missed greasing occurs every day, so it should be paid for everyday, however our customers don't quite see it this way..
Zerks are called Grease Nipples in Australia ;)