St. John’s-based portable generator startup Seaformatics Systems has inked a sales deal with the United States Army Corps of Engineers and is eyeing a capital raise in the wake of becoming cashflow positive.
The U.S. Army deal is not a pilot program, but rather a full-price purchase, Co-Founder Adam Press said in an interview, adding that the sale comes on the heels of an order from the Canadian military. A purchase from the United States Air Force could also be in the works, he said.
Seaformatics manufactures hydroelectric and wind-powered generators small enough to be carried in backpacks