Proof of Usefulness Report

Loncel Technologies Limited

Analysis completed on 2/11/2026

+366
Proof of Usefulness Score
Certified Problem Solver

Loncel Technologies is a verifiable, established New Zealand-based IoT company specializing in agriculture and industrial monitoring (acquired by RICADO in 2024). While the project has high real-world utility and a 15-year track record in AgTech, the submission itself contained extremely low-quality data (e.g., claiming 'everyone' as the audience and 'most people' as traction). The score reflects the legitimate business value and team size (30), heavily penalized by the poor submission quality and niche regional market reach.

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Score Breakdown

Real World Utility+18.75
Audience Reach Impact+2.00
Technical Innovation+8.25
Evidence Of Traction+5.63
Market Timing Relevance+6.50
Functional Completeness+0.25
Subtotal+413.8
Usefulness Multiplierx0.88
Final Score+366

Project Details

Project URL
loncel.com
Description
With more than 15 years of experience with IoT solutions, we provide cost-effective cellular/radio monitoring for agriculture and industrial applications. Real-time data is accessible on our easy-to-use website, giving visibility and control of conditions in the field.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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