LOCOMeX

Investor Relations

Informal elevator pitch video about LOCOMeX from the Founder

THE BIRTH OF LOCOMeX: GLOBAL PROOF OF CONCEPT WITH LOCAL REFINEMENT

20+ years ago, I worked for an American-owned oil & gas service company, managing energy infrastructure and community-based projects for the people of Niger-Delta in Nigeria. I pioneered & advocated for supplier diversity & local content. 10 years later, I worked and collaborated with the first Executive Director appointed by the Nigeria President to lead the newly created “Nigerian Content Development & Monitoring Board”.  This board was formed as a result of the “Nigeria Content Act” passed into law by the Nigeria legislature, to increase & improve the level of supplier diversity & local content within the energy industry supply chain & value chain.  The improvements to the local economy have been unprecedented. Through these efforts, the LOCOMeX Project was created and proof of concept was validated.

When I returned to the United States, I built on the success, lesson learned, traction and knowledge gained in Nigeria to tweak & pivot the LOCOMeX Project for the US environment, with a focus on supplier diversity & localization of supply chains. I have worked as Project Manager & Manager of Project Portfolio for government agencies and Electric & Gas Utilities in the US, managing & leading teams for a single project worth over $100M and an annual capital investment program worth $500M in New York State. These efforts required hands-on leadership & management, across infrastructure & product development, supply chain, community outreach & engagement, and project management.

Supplier diversity & local content/localization has been a driving force for improving countless localities, which is why I decided to drive change through supplier diversity program best practices. In this case, the solution is an online digital platform that brings together everything a company needs to thrive in this environment. That is how LOCOMeX was born.

We are 3 years into this project. In that time, we have conducted product-market fit research, interviewed diverse companies as well as VP’s & Directors of Supplier Diversity Programs, Supply Chain Executives, VP’s of Procurement, Supplier Diversity Program Manager, Project Manager, MWBE Compliance Manager, VP of Real Estate Development, VP of Operations, VP of Business Development & Strategic Partnerships, Chief Diversity Officer and C-Suite. We have gleaned expertise from top tech talent, engaged with investors, adjusted the investor package based on feedback, developed & launched the minimum viable product (MVP), built a demo of phase 1 products, secured trademark protection & filed patent protection with USPTO, and refined the LOCOMeX brand.


BUILDING A SUCCESSFUL COFFEE SHOP

In the United States as a serial entrepreneur, I have built a neighborhood coffee shop from scratch to a growing business, where people from a once low-income community, that was recently re-developed into a mixed demographic community, congregated. They called it their neighborhood coffee shop. Unfortunately, I had to close down the coffee shop because of the 2008/2009 global financial crisis and the recessional impact on the economy. The most painful experience for me was laying off my workers. Plus, people no longer had their beloved neighborhood coffee shop.


CG GLOBAL MANAGEMENT SOLUTIONS, LLC

I founded and built a professional service firm (CG Global Management Solutions, LLC), to offer project management, construction management & energy management consulting services, from startup to now a growing business!

CRITICAL BULK TRANSMISSION PROJECT GETS SECOND LIFE & BECOMES FIRST IN USA

For the electric & gas utilities single project worth over $100M in New York State I mentioned above, I was assigned to manage this troubled bulk power transmission system project that is so critical to New York State and the United States, because of the national security nature of the project. When I was assigned to be the lead project manager, the project was in a troubled project status and needed immediate turnaround in order to meet the strict budget and fixed project completion date set by the governor of New York.  

With support of the company’s executive leadership team and having access to all the resources I needed, I was able to put together a diverse team of turnaround subject matter experts that complement each other. As a team, we worked to recover the “Engineer, Procure & Construct (EPC)” schedule and fast track the schedule to meet the fixed project completion date. We conducted several town halls for community outreach & engagement, we met with local farmers that were worried about the project’s power line route passing through their farmland, and how we were going to compensate them at fair market value, before we acquire the rights-of-way (ROW) required for the project.

I also led the project team to re-engineer this first-in-the-country innovative bulk power transmission line system that transferred about 1000MW of energy from renewable energy source (hydro power plant) in Canada through upstate New York to downstate New York City area, in order to save cost and bring the project under the authorized strict project budget. It was sigh of relief and joy the day this project went live… a.k.a “Go-Live”…  without any problems.

1000MW of additional clean renewable energy was delivered to New York City area to replace a planned shut down of a fossil fuel power plant! I couldn’t have been able to lead the team to accomplish this turnaround project success without my team of project experts that made it happen.