Worldwide, 78% of adults over the age of 18 are interested in exercise. The rest of them were found to be willing to exercise but did not participate in the actual exercise class. Our target market is the people who aren’t actually attending a fitness center, with 290,000 people worldwide. In particular, in the case of the fitness platform, since it goes beyond time and space constraints, anyone from around the world can attend exercise classes. So the fitness platform linked with exercise equipment is another It is expected to be a big market.

We can generate more sales and revenue by offering the product-related content and discounting the price of the product with the option of content subscription. Although a single product was purchased, various contents and experiences such as games, sports, and VR are possible. So the marketability of this product and contents is endless.

As you know, the Home fitness Market grew rapidly.
In last year, 12 Billion Worth equipment were sold in worldwide.

By 2023, 972 million people will pay 20Billion dollars to use home fitness equipment and content.
There are global competitors like Peloton and Mirror Fitness, but we are competitive in both quality and price.

We already have the ability to offer better subscription services at a much more reasonable price.

The peloton of the U.S. launched a product that combines a fixed indoor bicycle and an online platform On Demand service. Our smart training system is similar to Peloton’s service by combining online platforms and exercise equipment with a motion detection sensor, but our company has a difference that Peloton does not have. First, our company can provide a variety of content that will satisfy users’ needs by starting up based on a team of fitness experts and players. Second, Peloton’s service has an effective platform to induce user participation, but can not analyze the user’s exercise results. However, Our hardware has a built-in motion detection sensor that fits the characteristics of each exercise. That is supported by the medical advisory team to manage COP, Balance Index, and muscle activity information on a daily, weekly, monthly basis to enable systematic exercise. Third, Peloton’s service is exclusively for participation

in online group classes, but our service has the strength of providing not only classes through online live streaming services, but also fun training through various gamification applications, and contents linked to VR and AR contents.

STRONG FRIENDS COMPANY- FAVE

FAVE with Motion Detection Sensor + Live & Streaming Platform + Mobile Application

Series A Round Open

A variety of training contents / Motion Detection Sensor / COP Measurement System

COMPETITOR 1 – NINTENDO

Fitness Game combined Adventure

273M unit Sale / Initial Price 70$(USD) / Resale Price 300$(USD)

Specialized in Game

COMPETITOR 2 – PELOTON

Indoor Bike +Live streaming Classes

Valuation 4B / 2019/09 Nasdaq Listing / The sales 1.1M unit

Specialized in Indoor Bike

Ringfit Adventure, which is gaining popularity at home and abroad, is a competitor with similar items and contents to our company. It is an adventure method of clearing the stage while controlling the character and catching monsters using the Ringcon that performs upper body movement and the leg strap that detects the movement of the lower body. Each stage can be progressed by each exercise, and the difficulty level can be adjusted to suit the individual’s exercise ability. However, in order to play the game, not only software purchases but also a game device called Nintendo Switch must be purchased separately, so the price range is measured at around 400,000 to 500,000 won. In contrast, our products have an advantage in terms of price competitiveness because the package price including all gamification contents, fitness applications, and product built-in motion detection sensor is about half of the Ringfit.