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EHO
loT Solution for $300 Billion Horse Industry
Innovative proprietary technology to produce pressure sensitive and stretching sensitive textile sensor systems. Combining textile sensor data with data interpretation algorithms, EHO solutions provide meaningful motion analysis for monitoring horse and rider performance.
EHO Technologies is a spin-off from Riga Technical University, in Latvia. It started around scientific elaborations related to smart textiles and data processing and interpretation.
Currently EHO develops an innovative proprietary technology to produce pressure sensitive and stretching sensitive textile sensor systems. Combining textile sensor data with data interpretation algorithms, EHO solutions provide meaningful motion analysis to end-users. EHO develops algorithms for data interpretation, thus providing valuable information for monitoring horse and rider performance.
The team that involves both – R&D capacity and business development skills, has worked in bootstrapping mode and achieved significant results - proof of concept, in-depth understanding about end user needs, regional network, prototype, and pilot customers.
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The team meets in Green Technology Incubator, Latvia.
Various technology applications are assessed.
Team decides to focus primarily on equestrian industry as the market potential is huge and customers have unsolved problem.
2
2017
Team is bootstrapping the business concept and creates laboratory level prototypes.
Numerous client interviews and prototype tests are done to understand the job that product has to do for customers.
Team invests 20k EUR and attracts additional 15k EUR form Riga Technical University for product development.
EHO achieves significant progress with prototyping and attracts coverage by Latvian media, thus creating interest in horse riding community.
Team participates in highly competitive business idea contest held by Riga City Municipality and ranks as #1 among all inventions, thus also raising 12k EUR as a grant.
3
Q1 2018
Creation of MVP.
ICO launch.
4
Q2 2018
Finishing MVP, testing with early adopters.
Product development.
Production set-up & tests with customers.
Presales for product start ICO finish.
Roadshow in Royal Windsor Horse Show, UK.
5
Q3 2018
First batch of products shipped.
Development of mobile application & server connections for data services.
Roadshow in European Horse Fair, Germany.
6
Q4 2018
Development of deep machine learning algorithms (i.e., AI functionality).
Roadshow in International Equine Trade Exhibition, UAE.
Launch of data services to ensure recurring revenue from customers(includes mobile apps, usage of data servers and deep machine learning to provide customers with valuable data about horse riding patterns and possible improvements).
7
2019
Launch of data services to ensure recurring revenue from customers, that includes mobile apps, usage of data servers and deep machine learning to provide customers with valuable data about horse riding patterns and possible improvements.
Further development of data services, introductions of self-couching service for smart saddle pad users.
Development of other technology applications & smart fabric products.
