A Proposal for Matt's Rigs
Matt's Rigs: The Derby Special
Background
Matthew Millan is a competitive derby angler based in Manitoba, Canada, and the founder of Matt's Rigs. The Derby Special came out of a problem he has on the water himself. A conventional two-hook predator rig runs the hooks on separate lines, so when a fish takes one hook the second is left hanging loose, snagging structure and setting badly in the fish. His answer was to bring both hooks together on a single loop from a 3-way swivel, with an egg weight ahead of each treble.
He has tied the rigs himself, fished them himself, and is selling them handmade. The range runs to 4 versions: Walleye on 30 lb fluorocarbon with #8 trebles, Lake Trout on 50 lb fluorocarbon with #2 trebles, Pike on 100 lb wire with #2 trebles, and Musky on 100 lb wire with #1/0 trebles, each carrying 1/4 oz weights. Brand, brochure, wholesale and retail price points, and clamshell packaging artwork are all in place, and the product is marked patent pending.
What is needed now is not invention. It is the step from a rig tied by hand, where the maker's judgement fills every gap, to a product a factory can build 10,000 times and then 400,000 times to the same specification, at a cost that works against your wholesale price points, in packaging a retailer will accept.
This proposal covers Stage 1 of that work, Phase 1, Engineering Review and Quotation, following the discovery call held with Nick Cunningham, President and Founder. Work proceeds under the mutual non-disclosure agreement already in place between the parties, with confidentiality agreements covering any third-party supplier engaged before that engagement begins.
Our Preliminary Read on the Product
Ahead of any engagement our team has reviewed the enquiry thread, the intake form, the discovery call notes, the Matt's Rigs brochure, and both faces of the clamshell packaging artwork. The physical samples and the 2D drawings will be reviewed on receipt by the Shield Works R&D team.
What follows is not the Phase 1 output. It is the position our engineering work starts from, set out here so the scope and the value of Phase 1 are clear before any commitment is made. This is a simple product to make and a demanding product to make identically. There are also two points, one in the materials and one on the packaging, that will decide where this product can legally be sold and used in your own market. All three are worth being open about at the outset.
Every rig carries a termination at the swivel, two weight positions on the loop, and two hook attachments. Tied by hand, the maker corrects as he goes: a crimp gets an extra squeeze, a wrap gets an extra turn, a weight gets nudged. None of that survives a production line. In a factory, judgement has to be replaced by a fixture, a specified termination, and a measurable standard the product is tested against.
So the question Phase 1 answers is this. What is the assembly method, the fixture, and the acceptance standard that gives every one of 400,000 rigs the same breaking strain, the same hook geometry, and the same loop dimension as the ones you tie yourself? This matters more on this product than on most. Your customer is a derby angler who loses a fish because a crimp slipped, and that is the customer least likely to forgive it and most likely to tell everyone.
Hook supply sits inside the same question. Treble hook wire gauge, temper and point finish vary enormously across the supply base, and dropping hook grade is the quickest way to make a unit cost target and lose the customer at the same time. Hook supplier qualification, with a point penetration and hook straightening test, is part of this workstream rather than an afterthought.
One commitment on this, because it matters more than anything else in this document. The most important thing we intend to protect is that the factory version still behaves like the rig you tested yourself on the water. The engineering here exists to reproduce the product you have already proven, not to redesign it into something different. Where we recommend a change, it will be because a component or a method cannot be held consistently at volume, and we will tell you what the change is and why before it is made.
This one needs raising before a weight supplier is committed or a first order placed, because it changes the bill of materials and the unit cost.
Both weights on the rig are 1/4 oz, roughly 7 g each. If they are lead, then in Canada the rig cannot lawfully be in an angler's possession while fishing in national park waters or national wildlife areas, where the restriction covers lead sinkers and jigs below 50 g. Several US states run their own restrictions, with New Hampshire, Maine and New York among those legislating at or around the 1 oz mark. Non-lead alternatives are established in tin, bismuth, steel and tungsten. They sink differently, they feel different on the cast, and they cost more than lead.
We are not going to pick your material for you inside a proposal. What Phase 1 does is establish the real options, what each does to your unit cost at your volumes, what each does to the action and sink rate of the rig, and what a national retailer will expect to see on a product of this type. That gives you a decision made on numbers rather than on assumption, taken before tooling and before a first production order.
The clamshell format is the right call and it matches how comparable products sell off a peg. Two points on the card itself.
First, Canadian requirements for prepackaged consumer products call for the product identity and the net quantity to appear in both English and French, with the dealer name and address permitted in one language. The current artwork is English only, and Quebec applies further language requirements on top. If a national retailer such as Canadian Tire is the target, this is caught at vendor onboarding rather than at the till, and it is a great deal cheaper to fix before the print plates are made.
Second, a clamshell holding two exposed treble hooks is a packaging engineering problem, not just a print job. The hooks have to be retained so they cannot shift inside the pack, cannot pierce the film in transit, and cannot present a hazard to a customer handling the pack on the peg. That drives the thermoform cavity geometry and the card die line.
Phase 1 delivers the clamshell and card specification and a written gap list against the labelling requirements. Artwork production and translation are not part of it.
One further point on packaging that is worth raising before you assume a cost. Tackle clamshells are produced in a range of standard stock sizes, and a stock pack that fits the rig properly and retains the hooks safely avoids a custom thermoform tool altogether. A custom tool gives a better fit and a more distinctive pack, but it is a capital cost at the point in the program where your capital is tightest. Phase 1 assesses both routes and prices both, so you commit to a custom tool only if it earns its cost. We would rather find you a stock pack that works than sell you a tool you do not need.
Launching all 4 versions at once means 4 sets of components, 4 clamshell cavities, and 4 blocks of first-order stock, at exactly the point where capital is tightest.
Our recommendation is that Phase 1 specifies all 4 versions, so the family is engineered once and priced once, and that you launch with 2. On the price points and species coverage in your brochure, Pike and Walleye look like the pair that carries the range. The remaining 2 then drop in later off the same components, the same assembly fixture and the same tool family, with no re-engineering and no second specification exercise. You keep the full range on the brochure and you commit stock to half of it.
Volume and Timeline Targets
The following reflects the working assumptions drawn from the enquiry thread, the intake form and the discovery call. They are validated and reset on an agreed basis at the Engineering Kick-off Workshop.
| Prototype Quantity | 100 units indicated. Treated as a sample and approval batch rather than a production order |
| First Production Run | 10,000 units indicated. Costed as indicated, with a 2 version launch alternative costed alongside it |
| Annual Forecast | 400,000 units indicated. Carried as a costing tier rather than as a volume we are underwriting, so you can see how the unit economics move with actual uptake |
| Quantity Breaks to be Costed | 10,000, 25,000, 50,000 and 400,000 units |
| Target Unit Cost | USD 1.00 indicated. Established properly through the Phase 1 Indicative Quotation, both ex works and landed |
| Wholesale Price Points | USD 3.90 to USD 8.30 per unit by version, per your brochure |
| Retail Price Points | USD 5.99 to USD 12.49 per unit by version, per your brochure |
| Packaging | Clamshell with printed backer card, hung presentation, artwork already developed |
| Target Market | Canada and the United States. Independent tackle retail and person to person, moving to national retail |
| Funding Status | Secured |
| Timeline | B2B selling from November 2026 |
The volumes are your figures and we carry them as given. We use them as costing tiers rather than as forecasts. The reason for pricing at 10,000 through to 400,000 is so you can see exactly how the unit cost moves with scale, and then commit production against what you have actually sold rather than against a projection. That is a considerably safer way to run a first year than committing to a volume up front.
Phase 1, Engineering Review and Quotation
Phase 1 is the first paid engineering engagement in the Matt's Rigs program. It converts a proven handmade product into a defined manufacturing package, and it puts a real, supplier-backed price per rig in front of you at each of your volume tiers.
One thing worth being explicit about. The purpose of Phase 1 is not to push this product into production regardless. It is to establish whether there is a technically and commercially viable route forward before larger money is committed. If the work shows that your USD 1.00 target cannot be reached at a 10,000 unit first run, or that a non-lead weight changes the cost picture materially, we will tell you that plainly and set out what would need to change. Finding that out for USD 5,000 is a considerably better outcome than finding it out after tooling is cut and stock is bought.
Phase 1 is delivered by the Shield Works R&D team, led by Sourya Ghosh, Head of R&D, who has an aerospace engineering background, working alongside Mark Jacobs and C2W sourcing and commercial engineering resources.
Fee: USD 5,000.
Duration: approximately 6 working weeks from confirmation and receipt of the physical samples and the 2D drawings. The pacing item is supplier engagement in Deliverable 6, where establishing real component pricing needs proper engineering responses from hook, swivel and weight suppliers rather than headline quotes.
Phase 1 is structured around 6 deliverables, each of which is real engineering or commercial work product, consolidated and issued to you as a single Production Readiness Report.
The Path Beyond Phase 1
The path from here is short and we can price most of it now, so there is no reason to leave it vague.
Fee: USD 5,000. Duration: approximately 4 to 5 working weeks.
Stage 2 procures the approved components, builds the assembly fixture inside Shield Works, puts the approved packaging route into place, whether that is a stock clamshell or a custom tool, and produces first-off samples of each launch version on the production process rather than by hand. Those samples are pull tested and inspected against the acceptance standard set in Phase 1, then packed in the finished clamshell and couriered to you in Manitoba for approval. The inspection criteria and inspection levels for production are signed off at the same time.
Stage 2 is what puts a factory-made, retail-packed Derby Special in your hands and in front of your B2B buyers. Clamshell tooling, fixture manufacture, sample components and courier costs sit outside the fee, at cost, and are quoted to you inside Phase 1 before any commitment is made.
Once samples are approved, production is a single all-in unit cost per rig, packed and ready to ship. Quality control, supplier management, packaging and logistics coordination are inside that number. They are not billed to you as separate service fees. Assembly, testing and packing are carried out inside the Shield Works facility in Zhuhai.
Either side may stop at the end of any stage. Everything you have paid for is handed over to you, and any tooling you have paid for belongs to you.
| Stage | Fee | Duration |
|---|---|---|
| Stage 1: Phase 1, Engineering Review and Quotation | USD 5,000 | Approximately 6 working weeks |
| Stage 2: Sampling and Production Approval | USD 5,000 | Approximately 4 to 5 working weeks |
| Packaging (stock or custom tool), assembly fixture and sample costs | At cost, both routes quoted within Phase 1 | Within Stage 2 |
| First production run | Unit cost established in Phase 1 | Approximately 3 to 4 weeks from release |
You want to be selling B2B in November 2026. We would rather set out what that actually looks like than let you plan around an assumption.
The sequence from confirmation is this. Phase 1 runs approximately 6 working weeks from the Engineering Kick-off Workshop, and the workshop follows receipt of your samples. Stage 2 runs a further 4 to 5 weeks. A 10,000 unit first production run takes 3 to 4 weeks from release, and sea freight to Manitoba adds 5 to 7 weeks on top of that.
On an August confirmation with the samples posted promptly, that puts approved, factory-made, retail-packed samples in your hands around the start of December, and physical stock in Manitoba in the new year, February by sea or January by air.
It is worth separating two things here, because they land in different months. Presenting to buyers and taking B2B orders needs approved samples and confirmed pricing in your hands, and nothing more. Holding physical inventory in Manitoba ready to fulfil those orders is later again. The first is achievable from the start of December. The second falls into the new year.
That is later than the November target you set, and we would rather tell you now than let you build a sales plan around a date the schedule cannot support. The single biggest lever on it is how quickly you confirm and get the samples to us, because Phase 1 does not begin until they arrive. We will also price the air freight option inside Deliverable 6 so you can weigh the cost of pulling the delivery date forward against the value of the selling season.
If the November window matters more than anything else on this project, tell us at the Engineering Kick-off Workshop and we will look at what can be run in parallel and what that costs. What we will not do is put a date in front of you that we cannot stand behind.
This was discussed openly on the call and it is better restated here. The capital currently set aside will not cover both engineering stages, the packaging setup, a first production run of 10,000, and freight and duty into Canada together. That is not unusual at this point and it is not a reason to slow down.
Part of the purpose of Phase 1 is to give you a real, supplier-backed set of numbers for every one of those items. That is the document you take to a bank or an investor, and it is a considerably stronger position than an estimate. There are two levers available to you and both are real. The 2 version launch route in Section 2.4 reduces the first order materially without narrowing the range you sell from. A stock packaging route, if the assessment in Deliverable 5 supports one, removes the packaging tooling cost close to entirely. Between them those two decisions can change the capital requirement substantially.
| Risk | Likelihood | Impact | Primary Mitigation |
|---|---|---|---|
| A hand-tied assembly cannot be reproduced consistently at volume, giving variable breaking strain | Medium | High | Assembly fixture, specified termination and a pull test acceptance standard defined in Deliverable 3 before any production commitment |
| Lead weights restrict where the rig can be sold and used across Canada and parts of the United States | High | High | Weight material and market access assessment in Deliverable 4, settled before a weight supplier is committed |
| A non-lead weight pushes the unit cost above the target | Medium | High | Cost consequence of every material option quantified at your volume tiers in Deliverable 4, so the decision is made on real numbers |
| Hook quality reduced in pursuit of unit cost, causing field failures with derby anglers | Medium | High | Hook supplier qualification with point penetration and straightening tests inside Deliverable 3 |
| Current packaging artwork rejected at retailer vendor onboarding on bilingual labelling | High | Medium | Written gap list against Canadian labelling requirements in Deliverable 5, ahead of artwork finalisation and print |
| 4 versions at launch spread limited capital across too much stock and too much tooling | High | Medium | All 4 specified in Phase 1, 2 version launch recommended, remaining versions added later off the same process route |
| The USD 1.00 target unit cost is not reachable at a 10,000 unit first run | Medium | High | Costed from 10,000 through 400,000 in Deliverable 6, so any gap is visible before commitment rather than after |
| Component minimum order quantities exceed the per version split of a 10,000 unit run | Medium | Medium | Minimum order quantities confirmed with each supplier in Deliverable 6, and a further reason for the 2 version launch |
| First production stock does not land in Canada inside the November selling window | High | Medium | Buyer presentations start on approved samples rather than on stock, with air freight and parallel working both costed as options in Deliverable 6 |
| Capital committed to a custom packaging tool where a stock clamshell would serve | Medium | Medium | Stock and custom packaging routes both assessed and priced in Deliverable 5, so the tooling decision is made on value |
| A simple assembled product is copied once it is inside a supply chain | Medium | High | Assembly, testing and packing carried out inside the Shield Works IP-secure facility, with component suppliers holding no visibility of the complete product |
Exclusions
The Phase 1 fee covers all 6 deliverables in Section 4. The activities below sit outside this engagement. Where they are needed, they are scoped and costed within Phase 1 so you approve them before they happen. Sequencing it this way keeps unnecessary cost out of the early stages.
- Packaging artwork production, graphic design and French translation. Phase 1 delivers the packaging specification, the die line and the labelling gap list.
- Packaging supply and assembly fixture manufacture, whether a stock clamshell or a custom thermoform tool. Both routes are specified and costed inside Phase 1, put in place inside Stage 2, and charged at cost. Any tooling is customer-owned once paid.
- Sample components, sample build materials, and courier of samples from China to Canada.
- Physical testing beyond the in-house pull, hook security and dimensional testing described in Deliverable 3.
- Third-party laboratory testing, product certification, and any retailer vendor onboarding submission.
- Patent, design registration and attorney fees, including novelty and freedom to operate searching.
- Website, branding and marketing work.
- Production unit costs for the first production run and beyond.
- Freight, duty, customs clearance and Canadian import compliance on production orders.
Note on the model once production begins: once the supplier set is confirmed and production starts, C2W and Shield Works operate as your manufacturing partner. You receive a single unit cost per rig covering goods, assembly, testing, quality control, supplier management, packaging and logistics coordination. These are not billed to you as separate service fees. The Phase 1 Indicative Quotation exists to establish those unit costs with confidence before any production commitment is made.
Payment Terms
| Stage | Fee | Payment Trigger |
|---|---|---|
| Stage 1: Phase 1, Engineering Review and Quotation | USD 5,000 | Payable in full on project confirmation |
| Stage 2: Sampling and Production Approval | USD 5,000 | Payable on your approval of the Phase 1 output and your confirmation to proceed |
| Packaging, assembly fixture and sample costs | At cost | Quoted within Phase 1 and payable before Stage 2 procurement begins |
You will not receive a bill from us that you have not already agreed. Progress is visible at every stage, and either side may stop at the end of any stage with everything paid for handed over.
Safeguards and Clarifications
Why C2W and Shield Works
Shield Works combines product engineering, manufacturing engineering and China-based execution inside a single program, integrated from the outset rather than run as a series of handoffs to separate parties.
Next Steps
This proposal is non-binding at this stage and is intended to give you clarity on cost, structure and what Phase 1 will actually produce.
You have built a product that works and proved it on the water, which is the hardest part and the part nobody can do for you. What is left is the engineering that lets a factory build it 400,000 times exactly the way you tie it. That is the part we do.
We look forward to helping you take The Derby Special from a rig you tie by hand to a product on a peg in a tackle store.
Warm regards,
Mark Jacobs
CEO, C2W Group / Shield Works
August 2026