 I guess for the reason you think I'm known, has anyone seen Dragon's Den? There's a show in Ireland called Dragon's Den. I was selected to be on Dragon's Den, a couple of people have seen it. But actually what I was known for before that was for coining the phrase cloud computing and also creating street maps on computers where you type an address into a computer and you see it a map. But I'm known for Dragon's Den so there you have it. What I do these days is I run a company, a technology company in Conceal. We're trying to create a big revolution in how people get around. We call it what we do, revolutionary mobility and I'm going to try to get this keyed up here. So I'll just give you a little bit of a viewpoint on what Avego does. Avego, by the way, Ave is from the Latin for hail and go is like go. So hail and go, it's like hailing a cabin going. The concept behind Avego is taking cars and making cars into buses and you'll see what that's about. But we also do several other types of efficient transport methods such as van pooling and real-time passenger information systems for multimodal travel. But I'd like to start with a brief quote from Buckminster Fuller. So this is a quote that says, you never change things by fighting the existing reality to change something, build a new model that makes the existing model obsolete. Never change things by fighting the existing reality to change something, build a new model, make the existing model obsolete. And if we think about the truly massive changes that have happened in our lifetimes and there's been plenty of them from cell phones and computers and communications, mobile phone, all types of cloud computing, all types of things that have changed. We have to acknowledge that they happen in these radical ways, these revolutionary ways. And so we can think the life is just going to go along like one of these lines on a bar, is on a bar chart or lines on a line graph. But in fact, there's these fundamental disruptions that occur when systems are reinvented. And that's what I think we have to seize on for the transport sector as well, is to recognize that in transport, we can use technology to radically change what we do. Avago is known for three different types of technology, real-time ride sharing, where we have, we're the world leader in that technology. We have projects in five cities in the U.S. and in Europe as well. Vanpooling, where we provide all the information technology for the world's largest vanpooling company. And we do some things, we're not a world leader in the bus information systems, but we do some projects here in Europe and in China and the U.S. Just a brief note, you know, when you came here today, if you came from far, you probably packed a bag and you probably filled that bag. You took a bag that was big enough to carry your things and that was the biggest bag that you took. That's not what we do when we drive our vehicles down the roads. We actually, all these vehicles are pretty much empty. Only 1.1 seats is filled or 1.15 seats is filled in the average car during rush hour. The road is full, so we fill up the road, but the road is actually completely empty because there's just so much wasted excess capacity in all those vehicles. So, you know, that's a problem of course. It's a problem because we have a lot of people, whoops, I'm just going to go back there, unless it was building. A lot of people are added to the globe every day. If you take the number of people who are born versus the number of people that die, I call those net new subscribers to life. That's about 280,000 people every single day. So, you know, that's something the size of, you know, cork or, you know, a couple of those will make a Dublin after three or four days, five days. You'll have a major city added to the globe. And all of those people obviously use energy, and that's a problem. So, infrastructure, you know, everyone's just saying, okay, we can build all the infrastructure we need, but they can't keep pace with it because, of course, what happens is it fills up. So, we know that transportation is a cause of global warming. You know, one-third of all the global warming guests are from the transport sector, and we also know lots of other data. I'm sure it's already been covered here. But, you know, I guess what these rising petrol prices are doing for people is it's making people aware that actually, you know what, I don't need to just do what I was doing yesterday. I can actually change my behavior. There was something that was, and let's just look at in the transport sector, there's a nice quote from this guy from Shell, actually. He says, oil and transport are inextricably linked. To manage oil demand, we have to get a grip on the transport system. So, before, you know, even just 30 years ago, 35 years ago, when you took a barrel of oil, 41% of it or so was used for transport. Now 61% of that is used for transport. More and more of a barrel of oil is not used for whatever, creating plastics or creating, you know, burning it for energy or anything up like that. We're getting the maximum amount we can out of it just to use the transport sector. So, oil is about transport and transport only. So, how do you manage transport, right? So, if you want to get, if we've got a problem with supply on oil, we have to manage transport, you know, inextricably linked. So, that is our challenge, managing how we do our transport and we can manage the issue of demand on oil. And so, you know, here's a couple of ways that people do increase. Well, this is actually talking about global warming gases, but it's somewhat related. So, domestic air travel, just, you know, flying around, short flights burns the largest amount of CO2 per passenger per kilometer traveled. But surprisingly, you know, the average car with just a person and a half or a person in it, actually is not much worse than the average bus. Now, all forms of public transit are actually better than a single person driving a single occupancy vehicle, but it's not much better, you know, for a bus. And all you need to do to beat all forms of public transport is to put three people in that car. So, a three-person carpool is more efficient than any rail system or any form of public transport. A vanpool is twice as efficient as that, where you have 12 or more people in a van. So, you know, so if we're thinking about this, if we want to manage our energy use and all these global warming things and oil use, and we have to manage transport, then we have to be thinking about, okay, what are we doing with all those wasted seats? So, you know, I'm all in favor of bus travel and public transport, but it's funny that the most efficient thing you can do is efficient private transport. And that, of course, is also the cheapest thing you can do, because you don't have to build a lot of infrastructure or pay for a lot of overhead. For example, like in the United States, costs and that would be more efficient in terms of the cost than the bus system here in many parts of Europe and in Ireland in particular. But in the United States, it costs about $175 per hour to run a bus. So, it doesn't cost, and if you're running a bus with eight passengers on it or something, that's extraordinarily inefficient. You're burning through a lot of cash to keep the people, you know, to get people from place to place. But if you can use the existing, I mean, 85% of people take a car. I mean, does anyone here own a car? Probably quite a few. So, you know, 85% of people actually take the car for the commute. Maybe not so in Dublin. Almost 50% of people in Dublin actually take, don't drive or do occasionally use public transport. So, but it is extraordinarily common for people to use private transport. What we have to do is just rethink and reimagine and reinvent how we're using our private transport. If we can take our cars and make our cars buses, if we can get three people in each car or two people in each car, then we're doing much better than not. So, what we're talking about actually is behavior change before I go to the next one. And behavior change is possible. It is actually possible and it's highly price elastic. If we look at what we did here in Ireland with recycling, I don't, I wish I could just recall the numbers every time, but every time it's so mind boggling and stunning. I wish I just had the numbers on my head. Probably some of you probably know. But before there was sort of, you know, 15 years ago or something, people used to throw out the garbage in Ireland. Now they don't. So, now they break the garbage up into two piles, the recycling and the garbage. They pay a higher rate in general for the garbage or they, and they give away, you know, in some places like where I live, you don't pay anything for the recycling and you pay a lot more for the garbage. And if you take your recycling, people go to all efforts to save money. And as a result, before we had, you know, every household would throw out everything. And so that's, there was 100% of the output was all garbage. Now it's like 70% is recycling and 30% is garbage. So it is possible for people to make radical changes in their behavior. And often it's possible just by simply changing the pricing mechanism. So that's what our system is trying to help encourage. And so we have a system for carpooling. And the traditional carpooling in the United States, for example, which is a big energy user, carpooling is used more commonly than all forms of public transit combined, rail, subway, bus, whatever. That's good and that's very efficient, but there's lots of disadvantages. People have, you know, fixed lifestyles if they want to always be sharing a car. There's something called vanpooling in the United States, which isn't used here in Ireland, but should be as energy prices. If energy prices continue to rise and people start to notice what a leader of petrol costs, they may consider something like vanpooling here in Ireland. So, you know, it's the most efficient form of passenger transport that exists, in fact. And we provide all the information systems for the world's largest vanpooling provider, Avego, we're based here in Consale, but we have offices in other parts of the world. And we have some technology that helps make it more popular and make it expand more rapidly for those companies that do vanpooling. There's other things like Internet ride sharing services. I won't talk about those. They're pretty great. Slugging is a way of, actually, has anyone ever heard of slugging? Do you know what slugging is? Okay. So, this was made popular both in San Francisco and Washington, D.C. by a public bus strike in both of those areas at different times. So, the bus service stopped, but the people who were using the buses still needed to get to work. So, people just pulled over, people still waited at the bus stops, and people sort of, you know, self-organized themselves. And they jumped into cars, and they used the cars like buses, and they still do the system today. And tens of thousands of people in California, in San Francisco, and Washington, D.C. do this. And they do it only for one reason in those cities, which is they, there's something called HOV lane, high occupancy vehicle lane, rather than SOV single occupancy vehicle. So, if you're in a high occupancy vehicle lane, which is separate, with two or more passengers, in some cases three or more passengers, you just get to sort on the highway at 50, 60 miles an hour, because nobody's in those lanes. Because, as I said, there's only 85% of people are just driving in their single occupancy vehicle cars. So, that is a massive incentive. And that's why thousands of people wait and share their cars every day for no other economic benefit. But it is a substantial economic and time benefit. And so, what Avego's trying to do is just making slugging happen, just in more areas around the world more quickly, and by allowing people to dynamically create slugging environments, even if the bus workers don't go on strike, or even if they've never had a bus service in that particular part of the world. So, what we're really trying to do with Avego is to make every road part of the transit network by taking every car and making every car a bus. So, I'll just give it a very brief thing. I don't know if you'll be able to hear this. I'm sorry I didn't think about hooking up the sound, but hopefully you'll be able to hear this little video. Driving alone is costly, both for the planet and for your pocket. But for many people, there are no viable alternatives that take them from where they live to where they work. Passenger up ahead. With Avego's iPhone app, you can turn your car into a bus and offer your empty seats in real time to potential riders along your route, extending the reaching frequency of public transport options for commuters. Anyone can get a ride using a mobile phone or online and receive the information they need to travel in confidence. Avego guides the driver to a convenient pickup point and provides the rider with a one-time PIN code as the driver approaches to verify identity and authorize cashless payment. Avego automatically shares the cost of the journey between the driver and rider, saving everyone time and money. Avego combines the freedom and convenience of cars with the efficiency and economy of public transport, organically expanding the network as new riders and drivers join up. And by reducing the number of people who drive alone, you're helping save the planet. Join the shared transport revolution with Avego. There's benefits to it, lots of benefits, because it's very flexible and it takes existing cars and makes them available to everyone if they have an app in them, whether it's on whatever smartphone it's on. There's disadvantages, too. It's actually hard to generate enough of a critical mass in any community to make a system take off. And we're still at the very early stages of trying to develop these critical mass communities, but we found some success. We did the city of Seattle last year. They paid Avego to come in and try to popularize their system, paid us a couple hundred thousand dollars to light up a corridor in between Redmond and Seattle. And we had thousands of people sign up and hundreds and hundreds of people sharing their cars with strangers and making the proving that the concept works. From that, in 2012, we've had five new pilots that have come up, three different cities in the San Francisco Bay Area, Santa Barbara, and Washington, D.C., as well as Bergen in Norway, actually, which is very progressive in Europe. And so it's expanding. It's still very much at the early stages, but we're hoping to have hundreds of thousands of people in the next year or so be using the system. So it'll take many years. It'll take, you know, when I started that mapping thing, you type an address into a computer, it took seven years for the first million people to use that technology, but it only took 20 years for the first billion people to use the technology and only two years more for the second billion people to use the technology. So if you wait long enough, if you give yourself enough time, and if you stay at it and you're persistent and you keep improving it, the world actually can change, and you can have an impact on it. So I think that's probably all I really needed to say. I can say more, but thank you very much for having me.