Proof of Usefulness Report

Ibex Electronics

Analysis completed on 2/26/2026

+35
Proof of Usefulness Score
You're In Business

Ibex Electronics is a verified Munich-based engineering firm (UG) established in 2012, specializing in embedded systems for automotive and smart home applications (e.g., wood stove controls, fleet monitoring). However, the submission itself is extremely low quality and contains hyperbolic claims ('everyone has used my product') that contradict the specialized B2B nature of the business. The financial metric ('marketcap: 500000') is ambiguous and likely inaccurate for a 6-person German engineering team operating for 12 years. While the company is legitimate, the project submission fails to demonstrate verifiable traction or specific utility for the named project 'AncientFang'.

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Score Breakdown

Real World Utility+60
Audience Reach Impact+10
Technical Innovation+50
Evidence Of Traction+20
Market Timing Relevance+50
Functional Completeness+10
Subtotal+31.25
Usefulness Multiplierx1.12
Final Score+35

Project Details

Description
Munich based green tech IoT product developer for small series with focus in agriculture, smart home & automotive applications

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline