New FoxxVault Update - The Good, The Bad and The Ugly #2
about 2 months ago
– Mon, Dec 03, 2018 at 08:18:04 PM
Just a quick update.
As promised, here is the Good, the Bad and the Ugly report.
• Our new design and locking mechanism has passed stage 1 security trials.
• The bluetooth lock with mechanical override has passed stress-testing.
• Talks went well with one of the largest lock companies in the world on partnership talks. More to come…
• Series A funding is pushing into 2019.
• Chinese New Years is slowing down production planning.
Still no definite delivery date
Thank you again for your continued understanding and support. Also, thanks so much for your suggestive innovations.
Daniel L…we are incorporating your “cassette idea”.
Wishing you all the best over the holiday season.
New FoxxVault Update - The Good, The Bad and The Really Good
3 months ago
– Wed, Oct 10, 2018 at 10:11:23 PM
Dear FoxxVault Family & Friends –
I realize it has been way, way, way too long without an update. I sincerely apologize for causing any undo ‘anxiety’. Not that it helps after the fact, but the radio silence was for some very legitimate reasons. Which I will explain after my update. But I’m still very sorry nonetheless.
Well, I have some good news - and some bad news – and then some more good news.
First the good news. But let me start with a little background. As some of you might or might not know, during the course of the Kickstarter we received tremendous interest in Foxxvault’s form factor and its IoT interworking’s from some pretty massive corporate fleet players, rental car conglomerates, self-hauling juggernauts, national auto dealer chains, and even the government of the EAU. As a result, post Kickstarter; we engaged in some very cool pilot programs to determine if the FoxxVault solution would work for some much broader, and more intensive use-cases.
With that, I will first start with the good news. During the rigors of testing FoxxVault at scale – we found that the guts & brains of this brilliant animal were damn near magical in terms of core functionality. Although we did run into some minor glitches with the one of firmware code versions that tripped us up for nearly four weeks – all things being equal, the Foxx knows how to hunt!
Now for the bad news. Also, during the rigors of testing our product at scale we found out that Jessie from Albuquerque, NM wasn’t too far off when he said that he “could get into this thing in under a minute by getting medieval on it with a crowbar and a pair of pilers.” In fact, we encountered a fairly significant design flaw in the hybrid electromechanically engaging locking system. More to the point. After numerous uses, when FoxxVault was “secured” with only the Bluetooth portion of the locking mechanism – it defaulted the mechanical safeguards to an almost neutral position causing the reinforced locking pins to disengage rendering the lap joints to be nothing more than cosmetic overlays. It was like Fort Knox with a screen door around back. Needless to say, not only did the Foxx not hunt, he actually had a bottle of Mad Dog 20 20, climbed in bed, and started binge-watching episodes of Scooby-Doo mumbling something about those “meddling kids”.
Now for more good news. Our engineers figured out a very simple way to make the design ultra-secure. Just weld the thing shut! But unfortunately, the folks in the pilot didn’t really take to that quick fix. Which meant, our engineers needed to go back to the drawing… err… CAD board and start from scratch. Call them dogmatic, but for the last months that’s exactly what they did. Which brings us to today. They are claiming victory. And no small victory either. Not quite a Neil Armstrong moment … but more of a Sheldon in the Big Bang Theory. In fact, they invented a brand-new type of concentric electro-technical locking system, a new type of mechanical actuator that actually extends 8 vault-bolts into the frame instead of a latch-lock mechanism, and an even potential new way of securing FoxxVault to a vehicle using neodymium-iron-boron magnets. And three new provisional patents to boot.
As you can imagine, all of this disruptive innovation doesn’t fall from the sky for free. In fact, quite the opposite. We have had to dig deep into our pockets to fund these efforts. Which brings me to my explanation regarding the irritating radio silence. FoxxVault needed more money – and my company needed more FoxxVault. So, for the last few months we have been putting together a merger of sorts that has required a “period of silence” for purposes of valuation - and even for SEC regulatory purposes when policy is strictly interpreted.
I am happy to say that the deal is consummated! I am now the proud owner of the FoxxVault company… and Mike Koclanes is off the hook so to speak. He will still be involved of course. However, I‘m not sure what to call it... but I am thinking Magnetic FoxxCorp with TwistLock. LOL
Again, thanks for your continued support and your prolonged patience. As soon as I have a better feel for an estimated delivery date I will let you know. Nevertheless, I will start sending out regular updates. Good, bad or indifferent.
Jason Howe FoxxVault
9 months ago
– Wed, Apr 18, 2018 at 08:47:16 PM
FoxxVault Backer & Fans -
Its come to our attention that not all of our backers and pre-order customers are following our updates in Backerkit or on our Facebook page.
I thought I would take the time to let you know that we are making tremendous progress.
A few milestones that might make your vehicle & keys get excited:
- We were contacted by Shark Tank to see if we are interested in potentially being on the show ... we'll see?
- We now have more customers through BackerKit then we did on Kickstarter.
- We are being evaluated as a solution for a large rental vehicle business.
- We have OEM partnered with a leading 'Bluetooth Locking Technology' company for some of our Software "Guts".
We have begun the integration with the TrackR STK for our location and BLE beaconing engine.
- We continue to work through final design improvements based on testing of the mechnical lock override of the bluetooth enabled lock.
- There are a number agencies approvals we will need to complete once we have final electronics and hardware design.
Of course, we have had our inevitable start-up setbacks and production is always at risk until the "Foxx Hunts" so to speak - but we are still shooting for a Summer 2018 delivery date.
I will keep you posted as we take the Foxx by the tail.
Make it a FoxxFree Day,
PS: If you are interested in the Pre-Order Special - check us out on BackerKit. https://foxxvault.backerkit.com/hosted_preorders