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ESC Aerospace TTW

Raised to Date: 

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Test the Waters
Issue Type: 
Test the Waters
Accredited Only: 
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Raise Start Date: 
Thursday, July 1, 2021
Raise End Date: 
Friday, December 31, 2021
Raise Target Date: 
Tuesday, August 31, 2021



Advances in technology have become such an integral part of day-to-day lives that it can be unbearable to imagine a failure or loss of access to any of it. This reliance on technology is especially true when it comes to Global Navigation Satellite Systems (GNSS) like GPS. Over fifty years ago, who knew how pervasive GPS would become? From natural interferences to growing terrorist threats, our total dependence on GPS is problematic. There is hardly a military or commercial system today that is not totally dependent on GPS. Without it, financial systems may fail, autonomous vehicles might crash, military missions could fail, and lives could be lost. Having an alternative solution is crucial.

esc Aerospace is a product-neutral systems integrator and product developer dedicated to building close and lasting relationships with clients, understanding clients' needs, and building and delivering solutions that meet those needs. The esc Aerospace group of companies has over 20 years of experience and is highly respected in innovative research and development and as a product-neutral systems integrator with offices in Munich, Prague, and Orlando. The founders and executives of esc Aerospace have decades of experience in senior management, business development and technical leadership positions with global prime contractors like Lockheed and Airbus.


Our competitors, including legacy military navigation companies such as Northrop, Lockheed Martin, and Rockwell, as well as the GPS/Navigation companies Novatel and Trimble, or new market entrants for PNT in GPS denial utilizing LEO, Echoridge and Satelles, offer products that typically focus on a single technology – like vision systems, inertial, terrestrial transmitters, and others – to solve the problem of GPS denial. However, we focus on integration of multiple sensors and technologies for applicability across a much larger set of uses.

esc Aerospace’s internal market analysis, as well as a detailed market analysis performed by an independent consultant shows tremendous growth potential and a current multibillion-dollar market. As an example, the global location-based services market is valued at greater than $20B and is expected to reach greater than $133B by 2023.

We’ve set a goal of growing revenue to greater than $10 million within five years, while remaining investor-free, but be investment opportunistic to grow that to $30 million. We are on track to exceed this goal, with plans to see revenue grow beyond $50 million by 2025. Our current customer list includes the U.S. Air Force, U.S. Army, and commercial customers like Ford.


Though there are products today that solve parts of the problem of GPS denial, most utilize only one tech system, and these systems tend to be very large, heavy, and expensive, making it impossible for systems like small unmanned aircrafts, soldiers, law enforcement and rescue teams, and other small mobile platforms to use them.

escPNT™ – our non-GPS solution to positioning, navigation, and timing – focuses on:

  • Multiple sensor and technology integration for flexibility, resiliency and accuracy.

  • Low Low Size, Weight, Power and Cost (SWaP-C) to enable use on small mobile platforms such as small UAS, soldier, precision weapons, other autonomous vehicles, future personal use, and more. 

  • Use of non-positioning satellites (non-GPS, or GNSS), including low-earth orbit satellites such as Iridium, amateur satellites, search and rescue satellites, and new mega-constellations like SpaceX and OneWeb as an alternative for positioning.

  • Utilization of a software-defined radio (SDR) that does not require the use of a proprietary receiver, and does not use message data, eliminating the need to purchase a service from the satellite operator.

The low size, weight, power, and cost of our solution, combined with our unique technical features, discriminates our solution and enables us to reach huge and growing markets. Our go-to market strategy includes direct sales of product and integration services to the DOD, and other government agencies. Software and product licensing to channel partners will accelerate access to commercial markets and grow returns. We continue to leverage DOD and other government agency small business initiatives to fund product development and have successfully delivered prototype systems to the Air Force and Army under S B I R contracts. Transition from these prototypes to operation systems requires additional investment but will yield exponential sales growth.


  • Annual revenue is approaching $1M and we’ve been cash flow positive from day 1. We received a NIST grant before we had a company bank account.

  • First Department of Defense contract was awarded a few weeks after incorporation and we currently have multiple development contracts with the US Air Force, as well as commercial sales to companies like Ford Motor Company

  • Our most recent award was from our US Air Force contract for our Ultra-low Power Timing Circuit (escULP-TC TM ) that bridges the gap between Chip-Scale Atomic Clocks (CSAC) and commercial Chrystal Oscillators (XO)

  • We do not have any debt/loans with external lenders. Our annual revenue is approaching $1M.

  • Total cash on hand: $50,000

  • Total revenue to date: $1,500,000

  • Total existing debt amount: $60,000

  • Total founder(s) contribution: $60,000


The co-founders of esc Aerospace are engineers, business leaders, entrepreneurs … “business builders.” Decades of experience working for leading technology providers, such as Lockheed Martin and Airbus, provides a rock-solid foundation for esc Aerospace success.

President and CEO,Lars Weimer, has a Master of Science in Aviation and Aerospace Engineering. He is a highly experienced and dynamic aerospace manager, with a vast background of skills and experience in research and leadership of technical and non-technical teams. He has driven the successful start and early growth phase of tech companies in the US and Europe. His professional experience includes UAS research and development projects with several commercial entities as well as the European Space Agency (ESA), USAF AFRL and US Army. Lars has more than 20 years of demonstrated achievements in all space and aviation system life cycle phases.

Executive Vice President, Danny Stirtz, has over 40 years of experience in systems development and commercialization. He has successfully launched a number of small businesses as well as worked at all levels of large and small organizations from individual contributor/programmer to senior staff positions at companies like Lockheed Martin, Hughes Aircraft Company, Northrop Electronics, GE Aerospace, and Beckman Instruments. His development experience has included Astro Inertial Navigation Systems (SR-71), GPS space and ground segments, MILSTAR ground segment, Second TDRSS Ground Station (STGT), visualization/mapping systems (classified), and other related technology areas.


We are seeking investment of up to $3M to grow our engineering team (40%), provide additional sales support (20%), and accelerate product development (40%). Our current sales projection is greater than ten million annual revenue, with ten percent return by 2025. With additional investment we plan to accelerate and grow to greater than thirty million in that same time frame.

The current owners of esc Aerospace US, Inc. plan to exit in approximately 5 years (2026). It is anticipated that the exit may be in the form of majority or complete ownership sale, and/or sale of specific technology like escPNTTM and/or ULP-TC. The current Corporate Officers are open to potential ongoing employment in support of the new ownership.

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Disclosure: this page represents Testing The Waters materials.

  1. No funds or other consideration is being solicited, and if money is sent, it will not be accepted by the company; 
  2. No sales will be performed or commitments to purchase accepted until the offering statement is qualified; and
  3. A proposed purchaser’s indication of interest is non-binding.