seeng Ltd

Compliance Team
Angels Den

Dear User,

You may have heard about the new General Data Protection Regulation (“GDPR”), that comes into effect May 25, 2018.

We would like to ensure you that your personal data is safe with us. Please read the details regarding the processing of your personal data and if you agree with the processing as described below, please click the ‘I agree’ button.

Please be informed that you can withdraw this consent at any time.

1) What data are we talking about?

We are disclosing details regarding the processing of personal data that is collected within our calls and in connection with your use of Angels Den’s platform, Websites and other functionalities of Angels Den, including those saved in cookies files.

2) Who will be the controller of your data?

Angels Den Funding Limited (hereinafter referred to as AD) will be the controller of your data (Angels Den means all entities from the Angels Den capital group, which includes Angels Den Funding Limited with its registered office in London and all entities related to it and dependent on it) and only our Trusted Partners.

3) Why do we want to process your data?

We process this data for the purposes described in our Privacy Policy, including:
- compliance with any legal requirements and obligations,
- ensuring that content from our Website is presented in the most effective manner for you,
- marketing purposes,
- providing you with our services (including the completion and support of immediate activity required to provide you with information and deliver products and/or services that you request and to deliver any contracts entered into with you), or
- as otherwise explained in this privacy policy or by any communication by us.
Where you have explicitly consented to be contacted for such purposes, we use your personal data to provide information on our new and existing products and services.

4) To whom can we transfer data?

In accordance with applicable law, we may transfer your data to entities processing it at our request, e.g. marketing agencies, subcontractors of our services and entities authorized to obtain data under applicable law, e.g. courts or law enforcement agencies - of course only if they submit a request based on an applicable legal basis. Furthermore, we will transfer your data to Trusted Partners outside the European Union – to the USA – under the EU-U.S. Privacy Shield Framework.

5) What are your rights to your data?

You have the right to request access to, correct, delete your personal data. You can also withdraw consent to processing of personal data, raise objections and use other rights granted under GDPR (i.e. right to data portability).

6) Use of cookies

We use cookies to give you the best experience on our Website. This means that we have placed cookies on your device. If you continue without changing your cookie settings, we assume that you consent to our use of cookies on this device. You can change your cookie settings at any time but if you do, you may lose some functionality on our Website. More information can be found in our Privacy Policy.

In connection with the above, I agree to the processing of my personal data by Angels Den and its Trusted Partners. I confirm that I understand that my personal data is being collected as part of my phone calls, use of AD’s online platform, Websites, and other functionalities of AD, including the data saved in cookie files. I also consent to profiling in order to allow Angels Den and its Trusted Partners the provision of better services (including for analytical purposes). Your data will only be processed on a valid lawful basis in accordance with applicable data protection laws. The processing of your personal data for marketing purposes (including statistical analysis) by AD is based on the firm's legitimate interest. The processing for marketing purposes by our Trusted Partners is only possible if we receive your freely given consent. We will also process your personal data to fulfil our contractual obligations to you as contained in AD’s Terms and Conditions of the use of our Website and services. Therefore, this data will be processed on another lawful basis – ‘contract’. We will also process your data to comply with our legal obligations for our Service (such as anti money laundering and know your customer requirements), which is also a valid lawful basis in accordance with applicable data protection laws.

Expressing this consent is voluntary and you can withdraw at any time.

If you have any doubts or questions about the use of your personal data, please do not hesitate to contact me via email. I’m happy to assist.

Compliance Team
Angels Den
cl@angelsden.com

I Agree

Not Now

SEENG LTD

SIMON System Intelligent MOnitoring aims to improve the use of solar energy making it more efficient by increasing the plant's production and its safety

£ 160,000

0 Days left

80% of minimum goal raised

Minimum Target

£ 200,000

Minimum investment amount

£ 5,000

Maximum Target

£ 500,000

Maximum investment amount

£ 500,000

Investment Opportunity

Seeng Ltd develops innovative technologies to advance sustainable solutions in energy, environment and safety. We are team of experienced academics in the engineering and environmental fields developing technological solutions to address critical sustainability problems. Our latest development is an IOT system called ‘SIMON’, which connects, manages and monitors photovoltaic systems.

THE IDEA

Products & Services

Our latest development is an AIOT system that allows you to maintain high efficiency solar panels in installations. Our AIOT system consists of two of our products "SIMON" (software solution) and "SALAMANDER" (hardware solution we are working on), respectively based on AI and IOT technologies, which solve the problems of monitoring, connection, management, maintenance and cleaning of solar systems.SIMON is predictive AI management software, and will be able to manage the SALAMANDER system for cleaning panels.

Problem Solved

Large-scale solar farms consist of thousands of individual photovoltaic panels. Anomalies and failures in individual panels can cause a loss of performance of up to 40% in a large photovoltaic system. Current panel-level monitoring, if any, often requires multiple systems, drones, maintenance personnel, voltage monitors, etc. which often only highlight a single problem, i.e. dirty, broken or damaged panels. A 10% efficiency improvement in a 1 megawatt solar farm can be worth £50-60,000 over its lifetime, and in some cases the SIMON system has achieved performance improvements of up to 30%. The UK alone had over 14,000mw of installed solar capacity in 2022, so the market opportunity is huge.

Revenue Model

The business opportunity is huge. A 10% efficiency improvement in a 1 megawatt solar farm can be worth £50-60,000 over its lifetime.

Revenue for using SIMON is calculated at approximately (depending on local rate) £0.03 per KWh produced per annum, plus a one-off revenue of £0.01 per KWh/year for rent of using SIMON. So both we and the user have a strong incentive to maximize energy production.

For our initial focus we chose to pursue SAM in the UK, this contributes around 14.1GW and has expanded at a rate of around 350MW of new installations in 2019 alone, in addition to 12.5GW of existing installations .