 My name is Nikita and I am co-founder of Spindrive. Today, levitation is not magic, levitation is technology, and in Spindrive we customize levitation. You probably heard that around 40% of the electricity worldwide is consumed by rotating electrical machines. They are literally everywhere. Even in this hall you can see them moving the equipment. The original equipment manufacturers, producing, for example, air and gas compressors, turbo blowers and microturbines, are switching to the higher rotational speeds to increase their process efficiency. However, they face several problems, which are high unit price and maintenance cost, lack of in-house expertise, and need for an oil-free and customized solution. Spindrive provides highly efficient turnkey drive trains, which consist of the high-speed electrical machine, frictionless active magnetic bearings, controller and condition monitoring. Magnetic bearings are levitating the rotational part of the machine using electromagnetic forces. It allows at least 20 years of maintenance-free operation. A highly efficient drive train enables two to four-year payback time for the end user. An oil-free operation brings our customer an opportunity to enter rapidly-grown markets. Spindrive sells drive train units to original equipment manufacturers. We are also making the prototype, license the design, and sell it with our controller units. Spindrive provides condition monitoring system as a subscription-based service. We are using our built-in sensors, and that prevents customer-equipment breakdown. Our team is currently four people with three EPHDs, and we've been involved in creating of more than 10 different high-speed drive train units. Our background is in almost one million TECHIS-funded project conducted by La Penranta University of Technology Finland, and next year we are building our own full-scale drive train together with the customer. Now looking for 250,000 euros is a seed financing for our product finalizing and certification. I'm Nikita from Spindrive. Thank you. Thank you. Cool. With that seed round, what kind of milestones will you be able to prove with that? Because 250,000 is not that much. Sorry, could you... The amount is fairly low. What do you expect to achieve with that sort of funding? So these funds will be doubled first of all with the TECHIS funding, and part of the financing will come from the customer. And with this funding, we're planning to build the industry-ready prototype for this, let's say, second customer for us, and that will include at least two production units. And also we will finalize our sensor technology, which is currently 70% ready. Could you talk us through a little bit who the customer is? Because you're mentioning, if you're talking to a customer, exactly what kind they are? That's mostly the industrial OEM manufacturers, and they are in the field of, let's say, HVAC mostly, and our first customer is an oil-free air compressor manufacturer. It's also microturbines for distributed energy generation and CNC machining. So those are what we are approaching right now. All right, thank you very much. Thank you.