What Happened to SeeRescue Streamer after the Shark Tank Pitch?
What exactly is SeeRescue Streamer?
The SeeRescue Streamer is a visibility device that may be used by boaters and hikers if they become separated from their group. It’s simply a 25-foot-long bright orange streamer that can be seen from a distance.
If you are lost, you may roll it out so that planes passing by can see you. It is now available to the general population after being used by the military.
It shows the exact position of a trapped survivor against circumstances that make it difficult for rescuers to discover them.
Who is SeeRescue Streamer’s Inventor?
Dr. Robert Yonover, the SeeRescue streamer’s designer, fondly refers to the ocean as his laboratory and has dedicated his life to the creation of gadgets that save lives and make the outdoors a safer place for explorers.
Among his patented concepts are an emergency pocket water desalinator, the SeeRescue high visibility device, and pocket floating technology.
Dr. Yonover is a geochemist and volcanologist with a Ph.D. from the University of Hawaii. When he isn’t conducting deep dives for studies, he likes fishing off the Hawaiian shores.
His inventiveness does not end with the See Rescue Streamer.
Pocket Floatation technology, Portable Emergency Desalinator, Video Search and Rescue (vSAR) technology, Inflatable Rescue Board, and the widely used Inflatable Paddleboards are among the other patented survival technologies he invented for military and civilian usage.
As a kid, Dr. Yonover had a strong connection to nature. He concluded, while flying over Hawaiian seas in a leased plane, that locating potential survivors in the expanse of the ocean in the event of a calamity would be nearly difficult.
At home, he produced prototypes for See Rescue while caring for his wife, who had multiple sclerosis.
He then drafted a news release, which he repeatedly pushed to journalists and military officials.
What Happened to SeeRescue Streamer during the Shark Tank?
Dr. Yonover appeared on Shark Tank season 8 episode 22 looking for $200,000 in exchange for a 20% share in his firm. This translates to a $1 million valuation.
In his presentation, he included a scarcely visible photo of a guy lost at sea. He invites Kevin to help him in showcasing his presentation after giving it.
Kevin takes one of the ends and pulls it along the corridor. The fabric has reflective material that can be seen at all times of day and night.
Then he depicts the same person, but this time he’s stranded at sea with his belongings. You’ll never be able to forget him.
The Sharks are interested in the product’s weight. Dr. Rob informed them that the baby weighed 13 pounds and 8 ounces.
Lori asked if he was still selling them to the military, and Rob confirmed that he was. The military tested and approved it.
He said that it had been tested all around the world and that they had already sold $15 million. The Sharks look to be stunned.
Mark was perplexed as to why he was asking for such a cheap price since the product had already generated $15 million.
Dr. Rob stated that he is a product licensee and that he earned the money over a 15-year period.
During this period, his wife got multiple sclerosis. He finally rose to the position of CEO of the licensing firm while also assisting his wife.
After the license arrangement ended, he recovered ownership of the product. Robert wanted to know how long it had taken to earn the $15 million.
Dr. Rob informed him that the $15 million was earned over the course of 15 years.
He went on to say that the objects were composed of water-soluble plastic.
Even so, with an annual income of $1 million, that was incredible.
The sales during the current year are $200,000.
He gives out samples and announces that he plans to resuscitate the brand by attaching his product to lifejackets.
Daymond enquired about the cost of the product for the purchaser. According to Dr. Rob, the tiny one costs $78 and the larger one costs $118.
According to Daymond, dealing with the military is where the real money lies. He goes out because he does not believe he can help.
Lori didn’t believe it was a popular item. She is no longer with us.
According to Robert, there were just too many roadblocks in getting it into the consumer market. He went out despite his protests that it wasn’t for him.
Mark does not believe it is worthwhile to invest in, therefore he withdraws.
It demanded way too much work. Kevin walked out of the room, stating it wasn’t for him. Because he was the final Shark remaining, Dr. Rob went dejectedly offstage without a contract.
What Happened to SeeRescue Streamer Following the Shark Tank Pitch?
Dr. Yonover saw an uptick in sales following his lecture. SpaceX sent the product to the International Space Station in 2020.
The product has also received attention from the Discovery Channel, Psychology Today, and Honolulu magazine, among other publications.
Dr. Rob has spoken about his product at several organizations, including the International Military Aviation Briefing.
He continues to serve military customers all across the world, including the United States Navy and Coast Guard.
As of November 2021, the firm was still in existence, with yearly sales of $3.9 million.
What is SeeRescue Streamer’s Net Worth?
Dr. Yonover appeared on Shark Tank season 8 episode 22 looking for $200,000 in exchange for a 20% share in his firm. This translates to a $1 million valuation.
The current valuation is clearly greater since the company has developed.
Who are SeeRescue Streamer’s Competitors?
SeeRescue Streamer does not have any rivals.
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SeeRescue Streamer FAQS
1. What is Dr. Yonover’s net worth?
His net worth is currently unavailable.
2. What are SeeRescue Streamer’s competitors?
SeeRescue Streamer does not have any competitors.
3. What is SeeRescue Streamer?
SeeRescue Streamer is a company that produces a visibility device that may be used by boaters and hikers if they become separated from their group.
It’s simply a 25-foot-long bright orange streamer that can be seen from a distance.
4. Where is SeeRescue Streamer’s headquarters?
They are located in Oahu, Hawaii.
5. Who founded SeeRescue Streamer?
The founder of the firm is Dr. Robert Yonover.
6. How much was she seeking in the Tank?
He was looking for $200,000 in exchange for a 20% share in her firm. This translates to a $1 million valuation.
7. Did he get the deal?
No, he did not get a deal.
8. Who is SeeRescue Streamer’s CEO?
Dr. Rob Yonover is the CEO of the SeeRescue Streamer firm.
9. What is the price of SeeRescue Streamer?
According to their website, the little one costs $80 and the giant one costs $120.
10. Does SeeRescue Streamer work?
Yes, it works, it was tested and approved by the military.
11. What methods of payment do they accepts?
They accept Visa, PayPal, American Express, Discover and MasterCard.
