Does the LOOMIA have a competition at the moment or will have in the future? Any problems with the manufacture of this device will may appear?
The smart textiles space is growing everyday, projected to be a 135B dollar industry by 2025. That being said, folks are going about it different ways. We've seen a lot of focus on conductive ink (we explored that ourselves) but there are some scalability/environmental/substrate challenges that have prevented widespread adoption. Happy to say LOOMIA has worked closely with most any "competitor", so I tend to call them "collaborators" 😉
Nearly 4 years of development to date on the LEL might provide additional context. LOOMIA is not a brand new company starting from scratch, and we have strong relationships with our manufacturers that has allowed us to be efficient with development. In addition, TILE leverages LEL base technology. As you may have seen in today’s hardware space ( Nest, Fitbit, Alexa) hardware without software isn’t a complete product. Our team has a computer science P.h.D and a masters in design and technology engineer . On our team, we can fully build samples from hardware to software and connect the two. Our manufacturing partners produce hardware for Honeywell and has a team of expert electrical engineers, to say nothing of their production capacity, It’s important to know the strengths of your team, which is why we have partnered with experts in the blockchain space such as STORJ and will build on top of blockstack for our product. We see ourselves as a product company above all, as we will acquire the needed expertise to make a complete system for the user.