 year-old technology is about to change forever. And I'm talking about the old fashion circuit breakers that you all have in your fuse box in which you find everywhere where electricity is being used. For the first time ever we have made this into a digital fully solid-state circuit breaker. My name is Shalota Honqvist. I'm serial entrepreneur. I'm a mom to three great kids and I'm also the chairman and co-founder of Blixt. So in essence our solid-state circuit breaker is a combined smart meter remote control and breaker all in one small device that fits in all fuse boxes around the world. We collect real-time data. We can do mega sampling. We can control all devices in a building not only on and off but modulating from zero to hundred percent. That's controlling the power just like a water type. It's now possible. And we are safer. We can break at least one thousand times quicker than a traditional fuse. So the sky is the limit and companies around the world are reaching out. We are currently planning pilots with some leading European utilities and they need this for to get beyond the smart meter and really getting control of the grid edge to balance demand and supply to handle all the volatile renewables and the loads from electric vehicles. We're also building our first test rigs and car test rigs are beasts. They contain thousands of mechanical relays. Each one of them need to be manually programmed for one test. With the Blixt breaker we can run all testing in front of computer. Eventually even virtual testing without needing the physical hardware. One more example. Inside the car I mean the potential is huge. A conventional car electrical knot contains up to 1.5 kilometers of cables and about 5,000 fuses. So by installing the Blixt breaker directly in the engine control unit we can reduce fuses wiring and weight significantly. Each of those markets are worth billions of dollars. So maybe that's the explanation where the current incumbents don't really like our disruption. I must tell you we got a full page article about us in the economies and being a young company. We are so proud. I also want to make two announcements today. First we got our seed round recently. Two million euros from Bivari energy ventures as lead investor. And finally we have opened up for signups of our dev kids because we want to let the global development community and the corporate to fully explore this potential. I'm convinced the future will not be mechanical for another couple of hundred years. The future is digital. So please sign up and get your test kit today. Thank you for the presentation. That was good. One question. Well two questions in fact. Are you replacing current solutions? And if you are replacing them what is the change or the integration that you need to do to make that work in some of those applications that you just mentioned? You're referring to replacing the traditional circuit breakers. Yes. Yes. We completely replace them. So we don't need like first with mechanical breaking on top of that hours. It's a complete replacement. Of course you need electrician to do that replacement. We are still working in the fuse box. Can you talk a little bit about your pricing strategy and how that compares to the existing solutions? The pricing. The pricing strategy to make it really affordable. I mean this is also a topic of definitions. So we have a smart meter remote control and breaker all three in one. We want to compete with breaking price points. So that's a significant difference. But to make that we need to make it down to system on a chip. So for us now we are working on a PCB printed circuit board. The next step is to take it down to a chip to make it at disruptive price levels and then we compete with the mechanical breakers. More questions. Who's the alternative to you? Sorry. Who is your competitor? It's one other company in the world that are doing solid state circuit breakers. A US based company. They have targeted the industrial. So their equipment is very much like this. It costs quite a lot. So it's not a residential product at all. The current players, you know all the OEMs for using 31 billion euros market, eventually they will not be the leading players in a couple of years. It will be other companies like ours. Also want to mention that we are fired a lot of patents. Both applied patents, public patents, and now we have granted patents. So we are doing on a licensing business model. So I think the traditional OEMs will license this from us. Questions? Just more on the pricing again. So which industry is a different pricing for different of those industries that you showed? Of course. I thought the question was about the circuit breaker price points. I mean taking it to a chip you can still use it for. We got a question last night about maritime vessels. They have 3,000 kilometers of cables and loads, loads of fuses and circuit breakers. I mean it depends on which application you include this in. But that's really up to the OEM to set that pricing because they own the application. We own the IP design. Well we're trying to figure out how big is the opportunity and what is what is the problem. So in the maritime for example or pick one of the industries, some examples maybe? I mean as you see I don't know if I showed it now I cannot flip back. But each of the target markets, I mean only circuit breaking market is 31 billion dollars and that is spot on what we are targeting. Then we have the application layer for for example test equipment. That's worth 50 billion dollars as well. So I mean it's really huge. We are early stage so we don't want to set exactly our business model now or business model is licensed things but the price points is far too early. We are doing the pre-study for the chip project. Thank you. Thank you. Bye.