 Hi everyone, we are avanta and we are redefining cold and when it's really cold You're gonna get cold as well And you need warm clothing like a big puffy jacket But when you're wearing that big big puffy jacket and you need to use your hands You're probably gonna feel clumsy and if you need to move around you're probably gonna get hot What happens after that you get cold again, and it's not nice not at all and in the marvels of modern age You can use wearable technology heat of clothing so to say that's what we're into but The current heat of clothing. It just doesn't cut it. It's clumsy as well. It's got wires It's got blades that are rigid, so it's uncomfortable Unpractical and it's an afterthought but our solution to this is wireless infrared heating systems that we develop for Functional clothing. I'll tell you more about our technology a little bit later, but first let me tell you how we got here In 2015 we created this an infrared heated cold water diving suit Avant by the way means a hole in the ice That's a starting point for any cold water diving adventure our solution worked really well In fact so well that we decided to make it into a business But being the ambitious design-driven company that we are we thought that it's a little bit of a niche market Cold water diving so our solution being so good. We decided to expand upon it And it can be applied to for example sports and recreation military and safety applications or Workwear just to name a few and we kept developing our technology further And this is what it can look like nowadays in a base layer. It has heating areas that provide warmth and Work the functionality for the user it has compatibility with other wearable technology solutions such as smartphones or Monitoring your body temperature automatically And it has a completely seamless design and this is where it gets really interesting and exciting in 2016 we figured out something that's no one that no one's done before we figured out a way of integrating a special carbon fiber based yarn into the fabric itself while it's being created this way We can create seamless textiles that provide warmth for the user comfort when the even when the heating element is not on and functionality That's better than anyone else's Our business model is based on licensing So we want to enable clothing manufacturers to put our technology into their manufacturing processes We want to become the Gore-Tex of heated clothing, but we still have a couple of milestones before that So we are starting a pilot project in 2018 with a top three worker manufacturer from Scandinavia. This is a ticket-packed project partly But we are raising 200,000 as an investment money. So ask and I'll answer my name is I cringes and we are avanta Thank you. And that was sharp. Thank you. I move on to questions Can you tell us how you control the temperature? Yeah, like I was telling about the integration between other wearable technology solutions such as smartphones or automatic control We can we can use all of those solutions to control it It is powered by a battery pack that is smaller than your cell phone and provides Energy for the whole day so you can be heated, but you can choose how to control it It can be either buttons or a user interface cell phone control or automatic control How expensive is it for you to produce? Excuse me. How expensive? The solution we're talking about a premium product here But if you have a jacket that costs for example 250 euros this would at this juncture. We are estimating that it would add around 100 euros to the price So given that it's very premium and also obviously Not everywhere has a demand for self-heated jackets. How large do you think the market is in the long run for this? What is the end game for Aventa? Our end game is to become like I said the Gore-Tex of heated clothing But the market is a little bit of untapped at the moment The current market size is around 50 million euros But it is because some most of the heated technology heated clothing technology that is used today is Just for really specific applications such as different types of work where different types of rescue gear and things like this But with our solution it can be expanded and applied to pretty much any kind of regular clothing as well So in that sense, it's an untapped market How do you think about patenting the technology and making sure that you have that you know IP advantage? Yeah, we have patented our core technology and we're obviously applying for more patents that are applying to our technology So it is protected What's this sort of? Do you see that there's like some adjacency here that I mean like I think for you You're obviously, you know a smart and ambitious person that you know 50 million euro markets not not very large Is the summer adjacency that the technology in the long-run enables or allows you to make a side move or You know, is it always going to be the Gore-Tex of heated clothing is that or is there some other? Yeah, I only mentioned that's a good question by the way I may already I mentioned the wearable the clothing the wearable technology, but we can expand to for example healthcare applications elder care and military applications and For example automotive technology for example heated seats and things like this so our technology can be applied to many different types of areas We're talking about clothing because we are Piloting on the workware side of things and we are obviously expanding to other areas as well So yes, it is expandable to answer a question And very quickly is How what sort of stage are you at in terms of the sort of manufacturing process like have you done it at any scale yet? Or is it prototype like where would you place yourself on that curve? We have a functioning prototype But we are about to test that those prototypes in authentic conditions during our pilot projects So we have a functioning product and now we have to undergo more tests in authentic products You know authentic situations to bring it to the market So if no more questions, then thank you Ike from Avant the technology