1.0 Executive Summary Hazmat Removal Services Inc. will design customized waste management applications specifically for the nuclear power industry. HRS plans to initially offer their services initially in the southeastern United States. 1.1 Mission Statement The mission of HRS is to offer a robotic waste management alternative to the nuclear power industry to protect workers from exposure to nuclear waste in the case of an accident. An HRS waste management solution guarantees their protection by separating the workers from the hazardous material by allowing the user to control a robot to manipulate the waste from a safe location. For added benefit, HRS robotic solutions are also more efficient. 1.2 Keys to Success o Partnership with Grand Gulf facility for flagship solution. o Capture 33% of the market by end of year 2 o Capture 100% of market by end of year 4 o 100% customer satisfaction Figure 1.2.a Target Market Map Figure 1.2.b Target Market Chart2.0 Company Summary HRS is a start-up company based out of Port Gibson, MS. The company’s primary goal is to develop robotics systems to transport hazardous waste to proper disposal sites. HRS is classified as an S Corporation according to the tax laws of the State of Mississippi. The founding members are Rahul Bhakta, BSCPE, Victor Alfaro, BSCPE, Brandon Nichols, BSEE, and Sakinah Reid, BSEE. These members share the vision of using their education to develop robotic systems that will provide safer working environments for those employees who risk exposure to hazardous waste materials. Rahul Bhakta will serve as CEO, while Victor Alfaro will serve as Vice-President of R&D. Sakinah Reid will serve as Vice-President of Production. Brandon Nichols will serve as Vice-President of Marketing & Sales. 2.1 Company Location HRS is located at an industrial park in the city of Port Gibson, where Entergy’s® Grand Gulf nuclear power plant is located. Recently, HRS has made an agreement with the aforementioned plant to use their facilities to test our robotic systems in order to improve the development process. In exchange, the aforementioned plant will receive the first developed system at a discounted rate. Mississippi is one of few states who meet the EPA’s RCRA State Authorization program requirements. As a result, the Mississippi’s hazardous waste regulatory agency has been given the authority from the EPA to ensure that waste disposal programs meet both state and federal regulations. As stated by the EPA, this program delegates “the primary responsibility of implementing the RCRA hazardous waste program to individual states in lieu of EPA”. This advantage will save HRS time and money in gaining approval from both the state agency and the EPA by simply gaining approval from one agency. 2.2 Company Facilities HRS is currently seeking to purchase a 58,000 square foot facility at the Port Gibson industrial park. Ten thousand square feet will be allocated to serve as an office building, while the rest will be allocated for manufacturing, testing, and research. This park still has 40 lots (each 2 acres) available for purchase. Furthermore, these lots are sold at reduced rates for current lot owners. Hence, after purchasing the aforementioned facility, if there is a need to expand in the future, this park will easily accommodate future growth. The office building will consist of a lobby, receptionist desk, conference room, viewing room (to view the manufacturing process and demonstration), employee lounge, six management offices, twenty cubicles (each with a personal computer), and four restrooms.The manufacturing facility (which will be connected to the office building) will consist of a research and development lab, a testing lab, a demonstration room, and a manufacturing area. The manufacturing area will consist of arm development, locomotion, sensor attachment, and wireless control machinery. 2.3 Company Strategy Initially, HRS will exclusively develop hazmat removal systems for the power industry. During this time, we will gain approval from the regulatory agency for hazardous waste of the State of Mississippi. Within a period of 2 years, we hope to supply systems to power industries throughout Mississippi and hope to gain approval from the regulatory agencies of the states of Alabama, Georgia, Tennessee, South Carolina, and North Carolina. Currently, these states also meet the EPA’s RCRA State Authorization program requirements. Our method of approaching these facilities would be on an individual basis. Because each facility has its own design and its own specific needs, each plant would have a solution tailored to their requirements. Though we would approach potential clients on an individual basis, HRS will increase exposure by attending various conferences, such as the Electric Power Expo. After a period of 5 years, HRS hopes to grow out of the Southeastern U.S. region and into other states that meet the EPA’s RCRA State Authorization program requirements. During this time, we also plan to expand our line of products in order to move into other hazmat removal fields. However, this expansion would only take place in states where HRS has been established for at least a period of 3 years. In those states, our reputation with the power industries will have grown to a point where less marketing would be needed to move into other fields. 2.4 Start-Up Costs Startup Expenses Legal 2,000.00 Stationary 1,000.00 Brochures 1,000.00 Consultants 5,000.00 Insurance 30,000.00 Land and Construction 2,000,000.00 Research and development 1,200,000.00 Expensed Equipment 300,000.00 Other 1,000.00 Total Startup Expenses 3,540,000.00 Startup Assets needed Cash Balance on Starting date 2,000,000.00 Startup Inventory 0.00 Other Current Assets 40,000.00 Total Current Assets 2,040,000.00 Total Startup Requirements 5,580,000.00Funding Investment Rahul Bhakta 350,000.00 Victor Alfaro 350,000.00 Brandon Nichols 230,000.00 Sakinah Reid 250,000.00 Ray Bhakta 500,000.00 Victor Alfaro, Sr. 500,000.00 Jim Reid 500,000.00 William
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