 and we hear the ID Tech X show, and who are you? I'm Greg Babe, I'm the president and CEO of LiquidX. So what does LiquidX do? LiquidX is a Carnegie Mellon University spin-out, and we develop particle-free functional inks that enable the next generation of printed electronics. So for example, the stuff that's right here in this, what is this? Yeah, this is an example of a heat trace that has been printed on a non-woven material. This could be used, for instance, in a car seat or in an apparel for providing warmth when it's cold as an example. So LiquidX, what's the idea with the name? LiquidX is because we have LiquidX printed metals, because we have silver inks, gold inks. We're developing platinum as nickel inks as well, and those are typically metals, but in our case, it looks like a clear liquid, and it is a clear liquid, particle-free. How do you make it clear? It's just a little bit of it? It's by the, no, it's clear by its nature, because we dissolve the metal, we bind the metal and then dissolve it in an aqueous solvent, and that gives us a clear ink, and it stays clear until we decide to turn it into a solid metal, and at that time, it becomes a solid silver trace, a solid gold trace, or whatever it is that we happen to be printing at the time. So this is the material right there? That's exactly it. Water clear until we decide to print it and cure it. We have a lot of focus right now in the, in functionalization, e-textiles, smart fabrics, and a lot of what we're demoing here at ID TechX this year is focused in that area. So let's check this shirt right here. What do you do with the shirt? This particular shirt is a demonstrating what we can do from a functionalizing that with LED lights. This could be something that would be a runner's shirt or it could be in a safety application, and here we have printed using our inks, and we've been able to go directly onto the fabric, so there's no, there's nothing that is laminated on here. We're printing directly onto the fabric, we're installing the LEDs directly onto the fabric, and that's an application that we think makes a very comfortable fit. So it's in there? So it's, oh, it's actually all just right here. Right there. That's it, yeah. So it's all focused right there, and it's very flexible, very comfortable. Let's go towards the screen you have over there. What do you show on that screen? Well, is this your liquid? This is just kind of a story of what we do and what our applications are. There's a great view of our inks, for instance, being water clear, and we'll also talk about what's so special about it? Well, we're particle free, and we have a water-based solvent system. That means that we can print through standard industrial ink jetting, aerosol jetting. We can also print on Gravure and Flexo, but our ink is very flexible because of the way it's manufactured. Nice. What am I seeing here in this window over here? There's a few samples of our ink on other applications. So they're printed here on, could be an antenna, printed on Kapton, P-E-T. These are also some non-woven samples of printed components. All right. And then you have a bunch of demos right there. We do. Maybe we can jump in and see. We've got some customers there too, that's a good thing. So what's happening here? So this shows a, this is once again on a non-woven, and this is a capacitive touch sensor. So you could imagine that you could build into an automobile seat or into a headliner, a capacitive, I could turn on a switch. In this particular case, we have a program that it turns on and as soon as you remove the finger, it turns off. You could program it otherwise so that you'd have to touch it again. And this is on a non-woven, right. And then you just put it on somehow. You would be a light. It could be rolling down a window, rolling up a window. How do you install it on the material? That's the best part. You just inkjet print it directly onto the material. There's no wiring. There's nothing like that. You're directly printing it onto the material and then you're connecting your components. So you put the non-woven in there. Right. You would print it. I would print that non-woven. Like you're printing a t-shirt. Just like I'm printing it. Well, in this particular case, like I'm printing a t-shirt or almost like you're printing a paper on your at home because we use a standard inkjet technology, not screen printing in this case. In a way that nobody else does it? In a way that we think we do it best, for sure. There are others who have similar processes, but we think that our ink is the best. And what is that demo right here showing? This demo is actually a color change. And this basically shows one of our inks that should color change. I'm seeing if, yeah, we'll give it a little bit of time. Yeah. It'll start to shift. There you go. How does that work? That works because the current that we build there increases the temperature. That's a thermochromic ink. And as a result of that, as the temperature increases, it changes colors. If I turn that back off and the temperature drops, it'll go back to the other color. It doesn't mean that your t-shirt's gonna change colors. You could do that if you want. Absolutely. There are a lot of things that you could change colors on in that case. So it's an end product that can change color. As an end product, you generally would be looking at something where you wanted to sense a temperature shift. And if you did, that you could get an immediate indication, for instance, that there's a temperature shift. You could clearly design a t-shirt or apparel that if you wanted it to be able to change colors, that I could print the circuitry directly into that piece of apparel. I could apply a battery and the voltage across that. And with that, I would change the color of the fabric. And what is this demo right here? Well, this demo, I can't really let you use the camera on because it's a very, very bright LED. No, it's a very, very bright LED. It's gonna break my camera. Much brighter than what's on your head. But I can, you know, I warn you that it's gonna be very bright. And what we're demonstrating here is that our ink can handle very high temperatures and then applications such as an LED. Wow. That's very bright. And that's done direct printed with our ink onto a capton substrate. Capton, is that the stuff that DuPont makes now? Yes, polyamide, absolutely, yeah. So you use a lot of that? We use more PET, polyester, than we do polyamide, but for applications like this that clearly have a higher temperature requirement, polyamide's a great product. Nice. And it still gives you the flexibility. And this happens to be a radio frequency. This is RF harvesting. So this could be like for wireless charging. So if I take this away, you see that the LED is out. If I get it down into the range of the radio frequency from that radio frequency generator, you can see that the LED is now on. Now that says that I could use this to do a lot of things, including, for instance, being able to charge a... Lost my signal there, but being able to charge a device remotely without and do it wirelessly. All right. So you say you were spinning out from... Carnegie Mellon University. So that means this stuff has been worked on for a while before already? Is it in being researched for a long time, or...? We spun out in 2009. So the business is approaching 10 years since it spun out of Carnegie Mellon University. We've developed... At that time, there was basically one ink. And at this point, we have developed many more inks, capable of being printed across basically all of the commercial printing platforms. How would you say it's the state of the printer electronics and all this stuff? How far... How much growth is possible in the near future? I think there's a lot of growth possible, and I think we're at an inflection point, a very important inflection point. I think now the designers have learned a dream about what printed electronics can really do. They're thinking more creatively around what they can do and with applying the kind of capabilities that we can demonstrate here and others as well. And I think we're at a very important break point here.