 Welcome back everybody to Investor Intel. I'm very excited today because we're gonna be speaking with Michael Lendi about predictive AI An artificial intelligence company an area. I'm very curious about Michael. Welcome Thanks for having me You look like you're wrapped up in your scarf there. Are you cold? I'm just getting you know what just getting into the spirit of things if you can't beat them You always will join them. Well, hold it there right now. Well done So let's get right to it predictive AI is an a Artificial intelligence company with a couple of core engines and you've recently made a massive announcement about thermal pass Tell us about that So thermal pass comes from a joint venture between our subsidiary AI labs and private company Which is called commercial solutions and what we've come up with is a touchless fever detection system touchless, so Thermometers. Yeah, okay. So instead of camera based Which are not being very well received at the moment due to issues of privacy. We have thermal medical grade Sensors and our thermal medical grade sensors are the same sensors That are in hospitals in industrial thermometers So are these are these retrofits into a wall or is it a separate grid you install? It's a device that's an upside down you that's seven feet tall and About the wingspan of my arms wide and you walk through it at regular speed You don't have to slow down in fact you can put 60 people per minute through and there are 24 Medical grade sensors in the thermal pass each taking a hundred readings per second So basically you're not you're not just doing the forehead then no Here or here wherever the skin is exposed. Wow, it's quite accurate so as you're going through That's quite the processing power is the processing power local or is it on the mothership? So both so you what you've got is a connectivity is a great thing It comes with an LTE connectivity So if someone's sitting nearby whether it's six feet away or or you know ten feet away They can be attached with a cable and there's a very simple dashboard on the end telling you who came How many people came through how many people had a fever? How many people didn't? And then there's a whole other level which is what we call enterprise connectivity Which we can either do with sig fox or our own Process and what it does is we integrate our data into the existing platform that exists a great example This is if you're going to the hockey game or basketball game and they scan your ticket You know the same place that Information goes is the same place we can have our thermal pass information go and they can they can integrate So we provide that and it can be on the person who's monitoring the touchless systems, right? iPhone or Android or iPad or PC or what that's that's a lot of data. I would suspect then you aggregate that data and do something with it Yeah, so there's a lot going on in that space right now There's there's three different methods of revenue one is the upfront purchase of the unit Two is the MRR. So the monthly recurring revenue model is based upon service and maintenance and then Of course what we're going to be doing with the data, which we're still working on I should mention when you go through the thermal pass this gateway It's very unobtrusive experience and it's built to be that you can't you can't feel it There's no all this. Yeah, exactly. We want it to be the antithesis of that We didn't want you to feel like oh my goodness what's happening, you know You had people don't like a you know a thermal gun held up to their face And it's very intrusive. This is just you just roll through it normal speed You don't even notice it and if there's a fever. There's a red light that goes off and A audio sound but both can be disassembled because if need be because some places some public places are requesting privacy Where where only the person operating it on the on the computer screen will see whether they have a feeder or not Yeah, there are a lot of privacy issues around this whole area We don't want to see the corona virus or SARS-CoV-2 as it's properly called Stamped us into excessive government surveillance and Attraction of our rights and we were talking earlier about Competitors in Singapore and you made an important distinction. Yes so the Chinese camera based solutions are banned in the United States and have to be removed by August of 2021 and We are getting really Solid and definitive feedback from Canadians and Europeans as well that They're liking the fact that we are medical grade sensor based and not camera based thus preserving the anonymity of those passing through and And not having to have someone near you. So keeping in protocol with social distancing So that's those it's a big deal the whole the whole privacy Concerned because people don't want others knowing they're aware about or their health Something as simple as that No, you've got an interesting background Michael. You've been a serial entrepreneur start inspire ignite and do it again That sounds great. I like that you can have it Yeah, I know I started As an entrepreneur at age 17 and and haven't stopped since the it was a bug that just never went away I love creating from startup all the way through most of what I've done in the past been private startups who some have led to IPOs and It's very exciting times for us because you know even even and and God willing COVID goes away soon with the vaccine Even with that being said, you know, I've said before and I'll say it again I think that in speaking with different psychologists and psychiatrists on the matter, you know There's been a reconditioning of the mind in terms of going into public spaces and how comfortable one feels and Even if there was no COVID tomorrow The whole point is that the measures that people have come up with and the Technologies that people have been inspired to create and we have definitely what we've got here is an innovation inspired out of necessity We'll last for a number of years If for fear of spreading other contagions that may come along and it's just we're kind of reconditioned to To think differently now, you know, and so I think it makes a lot of sense that This is something that applies to malls office buildings stadiums Yeah There's another part of the company, which is the weather telematics. Yes, very curious. Tell me about that I love I love this company. It's it's predictive AI and we have our Holy Ones subsidiary called another one called WTX weather telematics and we produce Predictive AI. I'll give you a great example. We have a new product that We've announced which is going to be operational the next couple of weeks Which is called alert fleet and what it does is it does just that it gives you hazard alerts in your truck That tell you on your Android or iPhone that's propped up there and tell the dispatch There is black ice 300 meters ahead slow down reroute or there's hydroplane So this is for commercial trucks 18-wheelers reefers It's not for retail yet It's not for consumers yet It can be that's something that could could be something down the line But right now we're positioning it at GPS companies software companies who are already Providing fleets with great technology and we're going to layer our technology in with theirs so we're looking to do those partnerships and Also dealing direct and selling direct to fleets, but yes, you know in speaking with several Fleet owners. They're spending a lot of money on deductibles premiums out-of-pocket expenses for smaller accidents and fuel and those are four areas where we can save them a Lot of money. We're also speaking to the insurance companies as well Because you know one one one fleet manager a trucking company said to me recently, you know If if I could know that they're going to arrive on time and safely That's not only a lot of money. That's peace of mind for us So it's it's it's a big deal and and how that works is we have hundreds of millions of of miles of road data That's proprietary that we've gathered over the last 10 years all over North America And when that historical data meets current atmospheric data, it combines to give you a hyper local Predictive right response. It's like the old neural nets from the 1990s early 2000s, right? That was the theory behind them Yeah, cool Thermal passes health Canada approved or not It is so health Canada gave us our medical device establishment license for short mdel And which is great because it allowed us to market and sell and get this thing rolling So we're very excited. We have amazing resellers in Quebec And bc and in ontario and we're moving things along We just did our commercial launch the week a week and a half ago at anderson hollage Which is funny enough a trucking company by force But there's a cost to selling you need working capital until your revenue catches up and pai recently did a financing around 18 cents Correct. How much did you raise? 1.5 million and how long will that last? That's gonna last quite a while. I mean we're we we we raised what we needed and and We we're very comfortable With where we're headed that that's going to be handling a lot of burn for many many many months because We've we've got a solid plan in place on on how we're going to Go to market with both alert fleet and thermal pass So it's it's very nice for a for a company that's sort of renewed it's it's it's Way of of direction and got a whole brand new start Cool. Well, that's my list of questions anything you want to add You know, uh, if if uh, if you're an essential service or you know anybody who has one and and you're interested in Mitigating the spread of contagions check out thermalpass.com. Well, you know that that's excellent. That's excellent You know ontario now, isn't it the law that every employer has to have some means of checking the employees? Yeah, uh, well the premiere of ontario included In one of his announcements a few two or three weeks ago that he's going to mandate They're going to mandate that employers have to screen Their employees. Well, there you go. And I think the best way to do that is with A device like thermal pass which respects people's privacy. It's non-intrusive and it's it's not scary Exactly Michael it's been wonderful to meet you and chat with you. Well, we'll follow up in a few months Absolutely. Thanks for the time predictive ai Trading as paai on the venture exchange. Have a great day