 energy we actually use for cooling and refrigeration. And we are stuck in a vicious cycle. The more we cool, the warmer the planet gets, the warmer the planet gets, the more we have to cool. And this is due to the reason that we use a 150-year-old technology called gas compression. So we all know freon, HCFCs, very bad for the ozone depletion. They were replaced by other chemicals, HCFCs now also being phased down, and we're going back to the refrigerants we used a hundred years before, and they are toxic, explosive, or you have to compress them very hard. The second thing is we have reached the efficiency limit. We're not getting any more energy efficient with the current tech. And there are not many solutions out there to change the paradigm here. Of course, there's one. And this is magnetic cooling. We have a special alloy which heats up when you magnetize it. It cools down when you demagnetize it. And you can see here that it has little porous like pores, so you can actually push something through this metal. So when it's hot, we can take away the heat for room temperature applications. We use water. And when it's then cold, we can actually cool down water and make this usable. Which means we don't have a gas. It cannot leak into the atmosphere. It's not explosive. It's not toxic. You could even drink the water. I wouldn't do it, but it would be safe. And we can actually increase the energy efficiency by up to 40%. So for that, we use a permanent magnet for the room temperature application. The first application is very straightforward. It's going to be a fridge for supermarkets and beverage manufacturers. With our higher energy efficiency and the easier technology, we can cut costs for operators because less on the energy bill but also less on the maintenance bill. And it's going to be a plug-in unit. So you can put it anywhere. So you don't have to deal with limits in explosive refrigerants. And it's an interchangeable cabinet. So we can really build a circular product to reuse the permanent magnets because it's perfectly usable also in 1,000 years. And we can actually use recycled material from wind turbines and MRI scanners. The interesting thing is this material effect also works at very low temperatures. So we also have a different part of the company dealing with hydrogen. So we all know that we need hydrogen in order to decarbonize heavy industry. But the question is how do we get the hydrogen to Europe or to remote islands like Japan, for example? So what we do is we make also the hydrogen liquefaction more energy efficient with this. The system looks a little bit different. So we don't have a permanent magnet, but we use actually a superconducting magnet. And it's actually quite similar to an MRI scanner. So we are part of a large research consortium including also one of our seed investors, NG. And we are building first European hydrogen liquefaction plant with this technology. So this is not fantasy. It's already there. So we have already built a beverage cooler, what you see here was supposed to be a video. So you can actually get already magnetically cool drinks in our lab. We built this unit 50 times and we are already sold it to a couple of companies including Coca-Cola, for example. So we have 40 people, very technical, we have material scientists, chemists, physicists, mechanical engineers, you name it. We also got some traction. So we just closed our seed round. I'm happy to talk to anyone about the future of cooling. And what would be really nice is to also help us with our current challenges. So I'm asking is we need to build up not only our product, but actually a whole ecosystem on the supply side. So anyone involved with magnetic colloid materials or at least specialized alloys or actually in the business of permanent magnets to put them to a second life, this would be awesome. And also of course, if you have a supermarket around. So thank you very much.