Niagara Dispensing Technologies, Inc.

Niagara Dispensing Technologies, Inc. has developed patented technology that significantly improves upon traditional beer pouring taps, which worldwide, has not been changed since the 1920's. NDT's devices provide a rapid, measured and control pour of draft beer with extensive data collection capabilities while also dramatically improving keg yield and thus profits. NDT's products are sold under the Exactap brand.

NDT has transitioned from a start-up phase company, and has now completed its product development. The Exactap units have now been sold, and installed, in high profile stadiums/arenas including Cincinnati, Boston, Detroit and Cleveland, as well as several European installations, including Munich's Allianz Arena. The NDT products are truly a solution to a global issue regarding both the speed and monitoring of draft beer dispensing in these high volume venues. NDT has been successful at entering their targeted markets, by developing relationships with significant brewer, concessionaire and OEM accounts, including Delaware North and Aramark.

NDT estimates that their are over 10 million beer taps in use world wide, and the potential annual market for these dispensing units in high volume or control critical venues is estimated to be approximately 20,000 units. NDT's R&D efforts have also identified related products and enhancements to existing products in the beer dispensing markets, which will expand the potential markets for future NDT products.

NDT has an experienced executive team and board of directors that includes experts in fluid dynamics, beer dispensing equipment sales, a European based sales manager as well as its institutional investors, Rand Capital, Erie County RDC and NYS Foundation for Science and Technology.

The company is seeking to raise $2.5 million to fund additional product development, launch its sales and marketing campaigns, and working capital. The financing round will include a mix of existing investors, (both angel and institutional) as well as new investors. The financing round is being led by Rand Capital.