Improving on its already unique wheel technology, Air Suspension Wheel (ASW), Global Air Cylinder Wheels®️, (https://globalaircylinderwheels.com/), continues to develop the next generation of wheels for many industries, delivering innovative environmental benefits, fuel savings, reduced emissions and EV battery extension.
(Photo: Conservaco/The Ignite Agency)
READ ALSO: Reinventing the wheel with steel: Global Air Cylinder Wheels expands development of its disruptive eco-friendly wheel that replaces the polluting rubber tire with lower cost of ownership
Made primarily of steel, ASW is an environmentally friendly, stronger and safer alternative to the traditional highly polluting rubber tire and is up to 60% more economical over the life of the wheel.
The ASW combines an inner steel hub with an outer steel drum that is connected by eight or twelve nitrogen-filled air cylinders and up to six oil-filled shocks that provide suspension and damping. On the outer drum, individually bolted steel or polyurethane treads are mounted. These individual treads can be replaced without removing the wheel, a time-consuming process that takes up to eight hours with OTR rubber tires.
Think of it as the wheel of the future…available today.
The Phoenix-based engineering company’s wheel technology has many intriguing advantages. The loss of rubber means no more overheating tires or dangerous explosions that can be associated with conventional tires. As the rubber heats up, if the heat is not dissipated, it builds up, increasing tire pressure and becoming a serious safety issue.
Then there is the environmental impact of ASW. Old rubber tires are frequently buried or burned, releasing harmful chemicals and heavy metals into groundwater and the air. Tires also end up in landfills, wasting space or filling up with water, creating a breeding ground for disease-carrying pests such as mosquitoes.
“Many industries are operating under the status quo, resisting change,” said Dr. Zoltan Kemeny, President and CEO of Global Air Cylinder Wheels. “Companies that are reluctant to innovate will not survive. Companies that embrace new technologies and embrace innovation will thrive. Tire use and its negative impact on the environment will inevitably change. tire elimination and it is already accelerating our We provide a revolutionary multi-vertical technology with great potential. For end users, it solves a real problem. For investors, it gives them a unique opportunity to invest in an old market.
Notable features and benefits of ASW include:
- Mechanical wheel design can be adjusted for payload, speed, side load, size, weight and other requirements.
- No overheating.
- Safer — cannot explode.
- Less waste. Only the worn part will be replaced.
- More durable materials.
- Tire wear creates terrible fine dust while the treads of the ASW can be made with biodegradable materials.
- Fuel economy. Lower rolling resistance results in less fuel, which reduces toxic emission gases or extends longer battery range for electric vehicles.
- Lifetime wheel – lasting approximately 10-15 years.
- The breaking energy is stored in the cylinders and is returned to kinetic energy.
- 100% recyclable.
ASW technology has a strong patent portfolio with eight patents issued and 52 patents pending. The company has received several initial purchase orders and is expected to be fully commercialized within two years with rapid adoption in mining fleets.
Mining is an industry that is using and disposing of rubber tires at an alarming rate. Rubber tires are expensive and represent the largest expense in the mining industry along with fuel and payroll. The rapid wear caused by impacts, rock cuts, and extreme, uneven loads means the life of an expensive mining tire is short.
With over 35,000 strip mines worldwide, the number of environmentally harmful tires disposed of each year is staggering. A study published in the International Journal of Environmental Research and Public Health estimated that tires account for up to 10% of all microplastic waste in the world’s oceans. A report by the International Union for Conservation of Nature put that figure at 28%.
The ASW is durable and designed to have the same lifespan as the vehicle itself (approximately 10-15 years), which means less replacement costs and less time spent replacing damaged tires. ASW may be part of the vehicle and has the potential to become an asset. Unlike rubber tires, the ASW can be leased, with a residual value of 15% after 10 years of service. They can also be renovated and rented out again.
“We expect to have a ready-to-market product for the mining market in Q1 2023, where the need is most urgent,” Kemeny said. “Then followed by on-road applications such as cars, buses and trucks. We also plan to start developing other verticals next year.”
He added that other verticals could include construction, bicycles, aircraft, military and any other wheeled vehicle.
Encouraged by the results of its previous $3.3 million campaign, the company relaunched its StartEngine campaign — https://www.startengine.com/gacw — to develop its ASW technology. The three-month StartEngine campaign, which ends in October, has already gotten off to a flying start, raising $238,000 in the first month. Overall, the company has so far raised over $5 million from investors and the company’s valuation has risen from $27 million to $40 million since May 2022.
“Large purchase orders should create our revenue streams,” Kemeny said.
He added that GACW orders will be for trucks and loader wheels. Loaders have four wheels and trucks have six, generating respective revenues of $600,000 per loader and $900,000 per truck on average. Since a typical mine has 60 vehicles requiring 480 tires at $150,000 per wheel, initial fleet orders could reach over $72 million for a single mine.
Other forms of revenue expected for the business include:
● recurring revenue from tread replacement
● licensing and royalty agreements
● other applications such as cars, buses, trucks, military, bicycles, wheelchairs and many more
GACW will also initiate the next operational tests with a drum crusher for three months from this month on an open pit mine in Chile, and with a CAT 994 front end loader for three months from October 2022 on a mine open pit in Pilbara, Australia. Region.
“At this point, our plan is to expand our distribution network and really start taking the OTR industry by storm,” Kemeny said. “GACW’s goal is to meet demand from miners looking for viable tire solutions, and that’s a substantial market for us. However, ASW technology can be applied to any vertical market where traditional rubber tires are used, and that market is huge. Our wheels are gaining the traction we need to propel us into the mainstream market.”
He added that the global OTR tire market is expected to reach $30 billion by 2022. The overall global tire market is expected to reach $322 billion by 2022 with a forecast CAGR of 8.4%.
GACW has also created an experienced Board of Directors and formed a first-class Advisory Council.
GACW’s wheel technology has been tested in real-world conditions, and the company has been developing ASW for OTR mining vehicles since 2016. The company’s ASW has been tested at a gold mine site in South Africa in 2016, and just before Covid-19 hit, the latest version of the wheels were successfully tested in 2019 and 2020 in a gold mine in the United States
“Beyond these serious environmental and budget concerns, off-road mining tires represent a huge safety issue for maintenance crews due to potential explosions from overheating, improper inflation or installation, and blows. Mining companies are forced to use dressings’ such as corrective repairs, tire pressure monitoring, tire retreading, tire cooling systems and tire rotation to extend useful life A 13,000 pound OTR mining tire can cost upwards of $75,000 and only lasts six to nine months is a big expense for a product that doesn’t last,” Kemeny explained.
It was while working in Germany with a major car manufacturer that Kemeny was inspired to create a new type of wheel. He realized through his work that the physics behind the traditional rubber tire is less than ideal. He put his first idea of ASW on a napkin in June 2011. After a few years of “kitchen tests” and obtaining the first patent, the prototype of a mining vehicle was created in 2016.
His company has partnered with experts in the field of suspension, steel fabrication, cylinders and treads, and has over 200 years of combined engineering experience.
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