 So we hear there's ES2020, hey! So this is the micro drone 4.0, it incorporates three main features in a drone. So it's got a two-axis gimbal to show a smooth video. It's also got a ton of splites so it can hover on the spot. So this drone integrates a whole bunch of sensors at capability to do that. So it's got a downward-facing camera for optical flow. So when you're flying, it'll hover on the spot. So it doesn't drift about, it'll just hover there in the sky. It's also got a barometric pressure sensor, so it'll just hold its altitude. You can set the altitude at any angle you want, any height. It also has foldable propellers, so that's good for portability. You can just fold it up like that and then carry it with you. And then they just flip open when you're flying. A good thing about this is the way it launches. So it's got an instant launch function. So just click the button three times and it will instantly launch from your palm. And then it allows you just to kind of immediately start flying. So you just click the button, look into the camera, one, two, three, and it will just immediately fly. And you let go and it'll hover on the spot. It will follow you? Yeah, it's got follow me with tracking. So when you're flying it, you can engage the tracking and just walk around and it will just follow you, fully autonomously. It works? Yeah, it works really well. Yeah, I've actually got a little video I can show you. So this was an Indiegogo. You guys are basically... 1.7 million on Indiegogo. We launched on Indiegogo. It was one of the highest funded drone campaigns of 2019. We've got 11,000 backers from all over the world. And we are starting to ship in February. So it's between the Tello and the Mavic Mini? Yes. We spotted a position in the market for a drone which is more than just a toy but not as expensive as the professional drones. Because most people just want a drone that can shoot really nice, good quality, smooth video. And that's what this does. How much? Two hundred dollars. So you get the drone with the gimbal, the camera for two hundred bucks. And autonomous? Really? Yeah, so hovering, self hovering. How about following you? Yeah, so that's all through the app. So it comes with the Microphone 4.0 app. Download the app and you can fly it with your iPhone or with your Android. So it's following by Wi-Fi? Yeah, with Wi-Fi, yeah. The AI runs on the phone? The phone makes a hotspot. And it connects to the hotspot? Actually, the drone connects to the phone directly. So the drone generates the Wi-Fi and that gives you about seven hundred feet of range. Seven hundred feet? Wi-Fi is not as far as some other technology, you know? Yeah, so we actually... You can have an adapter and run some other R&R? So what you can do is we're using the brand new AC Wi-Fi. That gives much more range giving you up to seven hundred feet. So previously, the Wi-Fi would only give you like a hundred, two hundred feet. And it was quite laggy. But the new AC Wi-Fi using two antennas gives you much longer range and that's perfect for streaming to your phone. Is that like two hundred meters? How far is that? More than one hundred meters. A meter is about three hundred meters? Three hundred meters. Yeah. We also do a controller, an optional handset. This is the handset here. And that allows you to fly the drone with your smartphone or with your controller. Because some people like flying with the sticks and that gives you seven hundred feet of flight range using radio. So that gives you analog control. And if it goes out of range, is it going to be smart enough to come back? So it doesn't have GPS, but this is really designed for people who want to send it out, get a nice video from the air like to see if you want to do a home inspection. It's not really designed for like, so it's super long range. But within seven hundred feet, you can see it in the air and just fly it right back. So you are extreme flyers? Correct. Yeah. London based company. London. Do you design the whole thing? Yeah. We designed the whole thing from scratch. We started in 2011. So the Microsoft 1.0 launched in 2012. The 2.0 in 2013. The 3.0 in 2015. We shipped it. People loved it. And now the Microsoft 4.0, this is available to order now. And we're shipping it in February and June. Throughout February, March, April, June. You've sold many? Pardon? You've been selling many? Yes. This is our fourth generation drone. We really want to focus on one product because there's so many big companies. How do you compete with a company like DJI? And the way to do it is by keeping a small company. DJI right here. But also super focused. We are literally just, we make one product and do it really, really well. So we're able to innovate fast. We've got a very good, talented team and who've been with us all these years. And that's how we're able to compete. And just to come up with developments really fast. Making it in China? Yeah. I'm actually going to the factory in China. I'm actually going to the factory next month for a whole month to oversee production. And our drone team is based in London. So all these backers are getting it next month? Yeah, exactly. They're going to start shipping it in February. Already people are really excited. We're going to be sending out to beta testers. This is the drone here. So what you see here is exactly what you're going to get. It's got optical flow down facing camera. It's got the battery, the gimbal. Yeah, the whole package is done. It's turned out very nice. And the flying is good. And the camera is great. So yeah, I'm really happy how it's turned out. And I know they're going to love it too. What's the status in industry for autonomous drones that follow people? Are there any good examples like these competitors you have right here? The Tello and the Mavic Mini. Are they going to do this stuff? Yeah, so actually it's a really good question until a few years ago, none of the products had this kind of features. Only the kind of premium products had it. But now it's sort of tracking, follow, autonomous flight time, smooth video. That's the kind of like people expect that now in any drone. But it's still not caught up with those micro drones. So we're the first to create all that technology into a small palm-sized device. This fits between the Tello and the Mavic Mini. The Tello and Mavic Mini don't have it? So the Tello doesn't have it. It flies really nicely. That's the good thing about that. It doesn't follow and it doesn't have a gimbal. Even the Mavic Mini doesn't have follow. It doesn't have any tracking, but it has a gimbal and an autonomous flight. So the Microphone 4.0 is actually pretty good because it has the tracking and the autonomous flight and the smooth video. What is a big challenge to do with good tracking? Do you need to have some kind of AI drone? Correct, yeah. It's on the drone. We get a really reliable video source from the drone, and then we use the computing power of the smartphone to do all the tracking. And that works really well. You can walk around, the camera keeps the person lined up in the shot, and you can walk around and the drone follows you. I can actually show you on my phone. I've got a video from my colleague who just sent it through. Where's my phone? What is it? A pocket? Is it my pocket? Somewhere. So that means you need to have a good app development because you need to do a cool app that really has AI stuff going on inside. Exactly, yeah. So the AI is, there's a lot of AI solutions now, and it's getting better and better. So I'll show you briefly how it works. So Jason's walking around, it's following him. It works really well. And as you can see, that's fully onated. Is he putting his arm up to the left to say go to the left? Oh, he's just walking around doing a bunch of stuff. Can you like to sign to it and say, I'm closing my finger away? Eventually it'll be able to recognize gestures, Jedi maneuvers, and the idea is that you can sort of do that. What's going to be the software update? Yeah, we're going to be doing a series of updates. So we're currently in progress with the AI. It's still in development. So we haven't completed it yet, but we hope to have some basic AI functions when we start shipping in February. Because many of the modern smartphones have, they have AI accelerators on the smartphone SOC. And if you have a cool app, you can take advantage of that, right? So then you can accelerate the AI in the app, make sure it's really smart and good and efficient. That's right. Yeah, you're definitely seeing a trend now where these sort of like traditional live video feeds are now being created to do smart things. So you think AI can do object recognition tracking, and those really can add to the experience of the drone. If you have a drone that can follow you with that live video feed, that's really where we're getting to in this development. Maybe you can have like some recommended phones, like minimum specs to not have the AI crash the drone on you if you don't have a fast enough phone. So what I found is that, you know, make sure the phone is fully charged up, basic stuff. There's not too many apps running. It's not laggy. The phone is running smoothly. And then, you know, an iPhone 6, 7 above, they're usually pretty capable for running our application. Could you do something kind of cool, like $200 for the drone and unlimited warranty as long as you don't do something crazy? Because you can record the session that crashed the drone, and if it was a normal session, like not hiding behind a tree or something, then it could be like, oh, you can swap it for a new drone if it crashed. Yeah, you know, warranty and repairs is actually a really good question. So from our experience of the 2.0 and the 3.0, we designed that into the drone, so the ability to maintain it quite easily. So if you burn a motor out or break the frame or break an arm, the whole thing is modular. It just unscrews. You can access all the guts of the drone, like the motors, the motor arm gears, the flight board, the camera. That just clicks together inside the actual structure. So if you want to change a motor, it's really easy. And we have those on the website, so you can order them online, and then you better get the part you need and just reship worldwide. Good price. They're really cheap. We don't make any profit on the north side parts, so we just supply them to make them available. Maybe you could even do the swapping and repair for them, but you don't need... because it's too easy to repair for yourself. We want to avoid having to send the drone back somewhere to repair it. So we made it really easy with our videos. We made the design really easy, so it's easy to do it yourself. So anyone who owns a drone, they can just get the part, ship it to them, swap out the parts, and then you're good to go again. So perhaps you could have the warranty include shipping replacement parts in case the crash happened with a reasonable situation. So you're not like having the drone follow you in a snowstorm and then diving through a tunnel or something. That's right. So the package does come with some spare parts. So in the box you get a couple of spare blades, and that's on the side of the box. We also do all the parts on the website, and yeah, we made those affordable, so we don't charge a lot for spare parts. I'd recommend just stocking up on spare parts, anything you need. Just check out the website for any videos on how to change them. Because I'm imagining that the DGI business model has a lot to do with people paying $1,000 for a drone, and it's most likely going to crash.