 Hi everybody, this is MXUX and this is a presentation on why I think Workhorse is underrated and I don't think it's the post office deal, although I do think this is going to be the new postal van and I think they're going to build it at Lordstown Motors, that's the smaller Workhorse van they have, but let me just go through these slides here and I'll show you what I'm talking about, oh look at that, so here's one of Amazon's drones, they've got many different prototypes out, they spent a hundred million dollars, a billion dollars on research, anyway, I'm giving you an idea of the cost savings here, right now to deliver a package, it's a dollar a mile, that's the cost to deliver packages I guess, it's a dollar a mile for a conventional truck, a tunnel combustion truck, like a UPS truck that you have now, if you move to an electric truck like the Workhorse C1000, it cuts that by 66%, it takes the cost down and that's just changing to electric to 34 cents a mile from a dollar, then if you go by drone, it takes it down from 34 cents to 4 cents a mile and I think that's supposed to be a 96% savings, so the amount that can be saved by implementing drones in delivery for e-commerce and we know that this e-commerce trend that's going on is going to stick after everything's over that we're going through right now, so delivery costs and getting delivery costs down is a big deal, that's why Amazon is so obsessed with it and you know just, they did buy or they did partner with Rivian to build the vans, they got those little plastic vans they're building, I'm not sure how that's going to go, anyway let's move on to the next slide here, this is a video of, they're actually their first very first drone delivery, they got a pilot program that's been working in England, a small, I forget what the village is, West Ham or something, I don't know where it is, but anyway there's a warehouse relatively near the village and they gave them the licenses to run the drone, so they're doing the drone deliveries there, that's their first drone delivery there and that's kind of their pilot program was overseas in the UK and you know they fly off from the warehouse and they go and they drop it off and you know it's a pilot program, it's been working for them, anyway here it is again, alright, let that play, anyway now here's one of their drones, they have, I don't know, the new one looks like a tie fighter, I think this is one of the first first generations they had, but you know like I said the new ones are completely different from this and I think they have a lighter payload but one of them kind of looks like an old B-52, one of them looks like a tie fighter and then this is, just looks like, I don't know, looks like they got a little Bondo on there, I don't know what they're doing with that thing, anyway here's their drone program, they started it in 2013 and they expect to save on implementing drones $43 billion on deliveries, $43 billion, I don't know what that, what is that, you know, the income of Western Europe, gross domestic product, anyway, they spent $100 billion, that's not an incorrect figure, I checked it, $100 billion on research and development and they spent $9.4 million just in lobbying fees to, they had the lobby to get FAA approval to operate in the United States and I don't know what that was all about but anyway they had to you know spread a little money around to expedite this approval because I guess it takes a while and anyway they pushed it, so they got a pilot program in England and it's doing deliveries from one warehouse and it's you know a very simple program and as I said the drones are stationed at a delivery center, a warehouse outside of town and in all of these situations that Amazon is facing, it's the range limits of the drone that's the problem and it means that the warehouse they're based in has to be close quotes to the customers and I think the range, I'm not sure that they're coming up with and I'm sure there's a weight to payload curve and I don't know, you guys, you math heads can figure that out, go for it, egg heads, anyway the drone range limits, let's say it's 15 miles, let's say it's 15 miles round trip or 15 miles one way, whatever, the warehouse has to be close to the customers, if it's any further than that either they can't carry any weight or the drone can't make it back, so they have a problem and all these land-based drone schemes have the same problem of range and you know I guess it's the control signals that go to the drone and everything else anyway, it requires that they be stationed within a certain radius of the customers, so they can't get around it, now Amazon, you know with their hundred billion dollars, you know these are the smartest guys in the room right, they came up with a couple ideas here how to get around this range problem, now I call this the beehive, see this, this is a, oh wait a minute, oh wait, wait a minute, I went ahead, okay there we go, so this is a beehive these are all little landing pads for the drones all right and they got hundreds of drones in here and they got the trucks coming in and then the workers coming in and they they they packed the drones up and and they fly out and then they fly back and there's hundreds of drones flying in and out of this thing right and then this is this is another same thing different shape okay cookie jar you got your trucks pulling in your workers coming in you got all your little drone holes coming out of here it's like you know it's like the flying monkeys in the Wizard of Oz or something I don't know they're buzzing in and out and buzzing in and out and all this stuff anyway again this is how they're thinking they're going to do their land-based drones now here's the thing in this scheme and this former scheme the beehive and and the cookie jar here's the rub they want to put these things close to the customers that means in the middle of urban areas you know inside of town you know down the block you know at the empty empty field next to the middle school so these things ain't going to be out you know out in the middle of the country because that's where their warehouses are now these these have to be closer closer by definition like they're talking about having them right in the middle of New York City and Chicago and anyway okay so we're going to have this thing we're going to have one of these it's going to be in Los Angeles and you know it's going to be right in the middle of Culver City or wherever and you have all these things flying overhead in and out all day long and anyway this is their other other idea they came up with is a blimp this is some Japanese artist came up with this but they're talking about and they got drawings on this I don't know if they filed a patent on this or not but anyway you get the blimp it's the blimp warehouse okay it's the zeppelin approach lead zeppelin approach so they got a blimp so that so in this case they get around having to make these multiple closely stationed warehouses with all the little drone holes in them you know with the flying monkeys coming in that he got the blimp they got this this giant blimp and this blimp is just gonna go over in the neighborhood and wherever they're needed and they're gonna hover there I don't know how high I don't it's not gonna be this close but you know how high could it be right because there's planes and stuff so anyway it's gonna be up there and and it's gonna have all these drones there's gonna people in there loading drones or robots or whatever and this thing is gonna fly over your neighborhood and stop and you know a couple hundred of these things are gonna come buzzing out of there flying around neighborhood anyway this this is a this is a thing I ain't making this up so let's talk about workhorse okay that was Amazon and this is workhorse now this is the same company that is up to do the USPS bid everybody's having a connexion about because it hasn't been let yet and so on let's just talk about their drone program and how they got started anyway this is to 2017 and this this premiered at the Paris Air Show and I mentioned this in my other videos and some big walk analyst was just on MSNBC talking about well you know the next thing Uber's gonna come up with is a flying drone taxi and you know this Steve Burns the CEO who's now CEO of Lordstown Motors this was his pet project and I there's presentations on the web on YouTube you can check them out but one of the cool things about this forever practical the arms bend down and you can park it in your garage or or in your driveway you know what I mean and park your car next to it anyway this is all composite it's kind of a hybrid it's got batteries and it's also got a small gas gasoline engine in it like I don't know to really two-cylinder engine it's also got a one of those ballistic parachutes that will fly out of the top right here I guess if everything fails and the parachute opens up and it lands softly but anyway there's there's double motors okay and so if one of the motors fails the other one and one will work and they got the ballistic parachute and then they got the gas engine which generates the power to run you know it's got two generators hooked up to it to run the the propellers and there's also if that quits working there's a battery and when it's parked or whatever they it's like a Prius you know whatever the the gas engine will charge the batteries but this is all composite and they called it a personal helicopter this was back in three or four years ago when people weren't thinking like this anyway the cool thing about this is it's autonomous and while the plans were I mean this is I think this actually was a testing model here I think they got it to that stage but anyway this is was planned on being autonomous and it has a display in it you know a flat panel display and the map comes up and you just push a button where you want to go and it takes you there and I think the top speed on it's 75 miles an hour and there's some small manual controls you can override to fly it but the point is it's meant to be autonomous and they're gonna sell this for 200 grand and anyway what happened was Steve Burns made a deal with a company called Moog and he sold this off to them and they agreed to go into a joint venture with workhorse to get a field trial together a prototype testing so on and so forth for their workhorse drone which I'll go into next but what ended up with this is Moog bought this there's some kind of conglomerate it's in another video I have anyway as I understand it this is going to be they bought it as a for a military application and their their thought or their proposal is to use it to supply frontline combat troops in an autonomous mode so carry medical supplies ammunition food whatever and you know no pilots at risk and it's autonomous and anyway that's that's that's that's the beginning of the drone program they had another parallel drone program which is this horse fly program and they've been working on this I think since 2012 and here's the thing the C1000 is the truck I don't think this is a C1000 I think this is a regular UPS truck oh it's a hybrid okay so it's not a C1000 I think we all know what the C1000 looks like by now integrated with the C1000 electric delivery vehicle a truck is a jumping off point for the drone and then after the drone makes the delivery they pair me they meet up and the drone lands on the truck and phone text message sorry and the truck features a control center for the driver and auto landing horse fly roof with the charging capabilities so anyway I'll show you a video on this in a second anyway this this is integrated fully into the truck the truck battery charges the drone the drone launches up and takes off and then whoever is getting the delivery they got a phone okay and I don't know if you set this well anyway there's a phone app you get a text message or whatever you go to a link and you get a view on your phone from the camera that's in the drone and then it's telling you where it's going and everything and when it gets over your house you know you get your finger and you say I want you to put the package here in the backyard and the and you can watch the drone on your phone and it flies over that spawn and then when it gets over that spot in your backyard it stays like 20 feet off to ground it lowers down a winch cord and drops the package up goes up and takes off pretty cool huh I know I could use this at my building because I'll tell you what every time the packages are left outside the porch pirates steal everything I forgot like six six packages stole I would just I would love to get a text and say where do you want the package and I position it right into the courtyard and have this thing hover over the courtyard here and drop the packaging would be great no more stolen packages and I would like make that to default so would do it every time I mean this I think this is a great system anyway it's not limited the only thing that limits it they said is really high electrical wires like them big towers they have those metal towers that go up they look like the Eiffel Tower you know those type of transmission wires and they said really really big trees which I don't know what that means but there there aren't many restraints on it here is a video of the thing in action okay so the girls around the EPS truck she stops there's the package all right she puts it in the drone she enters the destination address the top opens up I'm sure you've all seen this right and the drone goes up and the drone takes off with the package and the drones fly in and the roof closed and this chicks gone she's making her next delivery meanwhile the drones just out flying around on its own autonomously doing a delivery now she's doing another delivery there's a drone all the drone found the spot and this is an early version they've they've been improvements on this but anyway the point is the drone found the spot right delivered the package now there's a drone no package it's flying autonomously again meanwhile she's been doing deliveries she stops the truck to do another delivery right here's the drone drone comes back automatically plops on the roof parks again there you go gets covered up gets the battery topped off they go on to the next delivery she can do this all day so you know it can double or triple the work of of one person cut delivery costs and the thing is it's mobile and it's it's on the van and you know who knows maybe they could put two of these things on a van or three of these things and you know boom have them take off and have a guy you know I mean I think it's a great system and it's kooky and when it first came out it's kooky and when I first saw it I said what is this this is nuts all these things roofs opening up it's like the doctor know or something right but anyway actually they got it all worked out they've been working on it for years they're doing the medical deliveries in this joint venture with this MOOG subsidiary in South Carolina and they're just on the on the edge of a FAA approval it's all FAA compliant so I mean this is this is gonna happen anyway here's the here's the drone what it looks like again there's I don't know how old this picture is there's different there's different versions of it but anyway it's mounted on top of their C1000 delivery van okay that's how they got the system worked out yeah it's autonomous it's all FAA compliant they had to do all this safety stuff if it fails it breaks apart and all this stuff anyway it's got a 45 mile per hour top speed it's quiet and again there's all these redundant safety things built into it you can look them up anyway you know the propelled blah blah blah whatever anyway and it can operate in a 25 mile per hour wind or rain or snow no problem and the cool thing is it has a winch that lowers the parcel 20 feet so it kind of stays out of earshot even though the customers it's serving it stays up there and it lowers the package and it takes off so it's cool it's quiet too it doesn't come down to the ground and set down and you know have the whirling you know meat meat cutters flying and everything you know stay back Johnny stay back from the propellers you know that kind of thing anyway so it's got a winch that drops the thing down so you never have to get close to the thing and it's quiet and like I said the driver the driver sets the delivery I don't know you know I'm sure they could just you know flash a QR code printed on the package to the to the drone or I'm sure they got it set up some slick way of they just throw the box in the thing and it takes off and again the customer you know I'm sure they get they say your package you know you get a text your package is coming today between four and five watch for a text whoa here's a text the trucks at your block blah blah blah then they say other drones taking off and click this link and then you then you go and you know there's a camera looking down at the bottom of the drone which is feeding video to your phone your phone app and then it gets over your location and you just put your finger down and make a dot where you want it to drop the package and it maneuvers itself into that position at the right altitude lowers the package down there you go Bob's your uncle I think it's pretty cool then it flies back to the truck even if the truck's off take them making another delivery so I would like to get packages like this especially with the rona going on no contact deliveries it's great plus like I say stay behind the security system here wonderful I think it's a great system now just a couple words about this C1000 van the Burns Steve Burns was head of the company when they came up with this but this is a hub wheel motor it's a hundred percent composite body and frame illuminates 4,000 pounds of chassis and body weight compared to an ice vehicle carries the same cargo volume and payload being 4,000 pounds lighter this weight advantage with its ultra low floor and the dry red a quote from a driver in a reddit and you know this is one of the reasons I bought I got into this security there was this driver and he goes he was like a UPS driver something he said in this ready goes I just bought I just bought I bought this stock at a dollar you know I bought you know I don't know how much you bought but anyway the point is he goes I drove one of these in a test or something anyway he said it's the nicest delivery van it's the most driver friendly delivery van that they have he was talking about the turning radius and the performance and all this but the main thing he said was this ultra low floor it's a small step it's like seven inches off the ground and that's what you get when you have these hub motors and the driver said with the other vans you constantly climb it up and jump and down and climb it up and jump and down you see all those guys are wearing back belts and everything I mean can you imagine doing that a couple hundred times a day you know jumping down two feet climbing up two feet this is seven inches it's like a normal step and then anyway the guy said he loved it so much that's why about this anyway the ergonomic and cost-saving benefits although the trissel beats more appealing so anyway between the ergonomics and we went through the cost savings just using an EV cuts the delivery cost from a dollar to 34 and then you throw a van on top of this thing and it it cuts the cost of four cents and then you got the lower floor right so the driver is going to be happier there's going to be less injuries and they're going to work better workflow and they're going to have a drone doing half their deliveries I mean this is going to be such a productivity booster I mean anyway and again down here composite body thousand cubic feet I don't know if I have another video you can look at it I think it's ten things you need to know about Bob Burns I'll put a link in the thing where they where guys shows us how big this truck is and anyway and the C650 version which is the 650 cubic feet which I believe is that red one at the beginning it's going to be the postal vehicle I don't know that but anyway the range will be a hundred miles that's what these guys travel a hundred miles so anyway that's just about the work horse C1000 van now let's get back to this Amazon drone delivery so anyway oh there's the workhorse this is an older version this is not the new one but it just shows you the way this is set up with the drone and everything so all right so anyway this is what they're doing let me try a different I'm sorry I'm trying on your system here all right so why would Amazon with this with this truck based zone drone it's the obvious solution right it's the best what does Elon say first principles I don't even know what that means first principles don't get arrested don't get any pregnant don't even pray it don't get don't get hurt that's my first principles anyway so why would Amazon do this would you would you want this thing what the with the Wizard of Oz monkeys flying around there even worse would you want this within 10 blocks of your house constantly seeing these drones flying in and out of here 24 hours a day flying back and forth and trucks company I mean they want to put they they want to put these within 15 miles or whatever the customers I mean they're gonna put them right in the middle of the name right in the right in the middle of towns and everything I mean a blimp you know you know the flying monkey haven I don't know what they're thinking I mean I don't know they're smart right what do I know anyway this I think I got patents on both of these so why would they do this though I mean it seems so obvious to me what the solution is is is the truck based zone drone so let's why why would they do this because work force has a patent they got a patent April 7 2018 on their drone truck based drone delivery they got a patent on the idea right here work force officials announced United States Patent Office issued a patent number nine billion for the horsefly truck launch drone package delivery system and UAV package delivery integrated with electric delivery trucks so this everybody's talking about the postal order which is massive but even without the postal order with this C1000 with the way this truck's designed and the ergonomics and the and the and the way the whole thing works and then integrating this drone into it and having it patented I think this even more than the postal regulation postal market is is why the stocks undervalued because you know what the Amazon say they're saying it's going to be forty three billion dollars what a market anyway that's my take anyway I'm not a financial advisor good luck in the market thanks for watching the video