T1V, Inc. is a visual collaboration company. We specialize in hybrid collaboration software for enterprise, education, commercial and healthcare markets. (Incorporated in Delaware)
Visual collaboration means a system including a computer, a touch screen, and software that enables the user to access a virtual canvas that is not limited by the size of the touch screen. It allows for multiple pieces of content to be placed on the canvas and viewed at the same time by multiple users. It enables multiple users to be able to simultaneously add content to and edit the canvas from multiple locations. The canvas can then be saved and resumed at a future time.
Our customers include the following:
-Enterprise businesses: Fortune 500 companies such as manufacturing firms, construction and engineering businesses, architecture and design firms, energy companies, defense contractors and technology companies.
–Small to Medium Sized Businesses: Organizations with fewer than 1,000 employees. These companies typically have regional offices. We have developed our ThinkHub Cloud™ and ThinkHub Huddle™ for sales to the SMB market.
-Higher Education: We target higher education institutions that are looking to outfit their active learning and hybrid classroom environments. Higher education is undergoing enormous changes as it tries to support teaching faculty and staff, and improve the student experience which has been negatively impacted by the COVID-19 Pandemic. The ThinkHub® classroom supports in-room and remote instructors to co-teach curriculum, while also supporting both in-room and remote student participation. We are also able to connect campuses in larger university systems, to ultimately increase access to courses and improve efficiencies across teaching staff. In the classroom, our collaboration solutions enable teachers and students to have more collaborative class sessions. It enables active learning and group-based collaboration among students, and is a flexible tool for teachers to use no matter their teaching style. Teachers can prepare canvases and content before class and then share and distribute during and after class.
–Healthcare: Primarily operating rooms and meeting rooms in large hospitals. For this market, we sell products primarily through a partnership we have with a major medical equipment manufacturer (OEM). We sell customized versions of our products to the OEM that are white labeled for sale to the hospitals.
Our mission at T1V is to empower teams to collaborate anytime, anywhere. This includes collaboration for people within a large meeting room — or across distributed rooms — when some participants are remote and some are in-room.
T1V’s ecosystem is designed to accommodate hybrid work environments which can support fully in-person meetings, fully remote meetings and hybrid meetings in which some persons attend in person and other remotely. During the period from Jan. 1, 2020, through Dec. 31, 2022, 89% of our sales were derived from orders for our ThinkHub Room products, of which over 54% were for configurations used in hybrid work environments. The remaining ThinkHub Room products ordered were for configurations used primarily for in-person meetings.
During the year ended Dec. 31, 2022, our revenues increased more than 68% compared to our revenues during the same period in 2021. This increase was driven primarily by ThinkHub Room sales for use in hybrid work environments.
T1V has patented proprietary software for visual collaboration. The ability of our products to deliver room-based visual collaboration allows for multiple rooms to be linked together as well as hybrid meetings allowing participants that are both in the room and remote to interact in the same canvas.
**Note: Net loss and revenue are for the year ended Dec. 31, 2022.
(Note: T1V, Inc. increased its IPO in an S-1/A filing dated May 23, 2023, to 3.3 million Class A shares – up from 3.02 million shares – and kept the price range at $4.00 to $6.00 to raise $16.5 million. In that May 23, 2023, filing with the SEC, T1V, Inc. replaced its sole book-runner – naming R.F. Lafferty & Co. to succeed EF Hutton – and updated its financial statements. Background: T1V, Inc. changed its sole book-runner – to EF Hutton – from ThinkEquity – in an S-1/A filing dated April 13, 2023. Background: T1V, Inc. revamped its IPO to a stock-only offering – removing the warrants – and trimmed the deal’s size in an S-1/A filing dated March 10, 2023: 3.02 million shares at a price range of $4.00 to $6.00 to raise $15.1 million. The IPO’s original terms – disclosed in its S-1 filing dated Jan. 24, 2023, called for 3.2 million units (3,203,884 units) at $4.15 to $6.15 to raise $16.48 million. Each unit was to have consisted of one share of common stock and one warrant to buy one share of common stock. T1V, Inc. filed confidential IPO documents on Oct. 11, 2022.)