 Good morning, everyone. I'll leave this here. I'm going to talk to you today about feathers. Now, I know some of you probably are vegetarian, but the reality is society eats a lot of chicken. What does that mean? There are a lot of feathers out there, millions of tons generated every year. But disposal options are limited. It's basically turned into a low-grade animal feed. But feathers are an amazing natural material. So at Aeropowder, we think they can be used for better. Let's start with another problem, then. Packaging. Specifically, polystyrene packaging. We all know it. It keeps stuff cold during transport. But we also know it's terrible for the environment, petroleum-based and going into landfill at the end. Here, we think feathers have the answer. I'd like to introduce you to our product, Plumo. Plumo is made from waste feathers converted into a textile surrounded by a biodegradable liner. You can therefore put it into cardboard boxes or delivery bags, and then put your items inside and it will stay cold during transport and fresh in a more sustainable manner. It is a bit silly to come to Helsinki and talk about keeping things cold. However, it really does work. We've done lab tests to show that its thermal conductivity is down to 0.03, meaning it's standing toe-to-toe with polystyrene. And we've looked at the market we want to enter first, and we're looking at food deliveries and recipe kit delivery services. I think they're invented around this region as well. It's a booming market. Often some of them are still using polystyrene as well. So we've been talking to customers in the UK, thinking more small about butchers and farms as well, showing that our product keeps their items cold for as long, if not longer, than their current solutions. We now need to convert these trials into paid revenue, and that's been done at the moment as we're working on our costing. At the moment, it's a bit inefficient as a startup, but we've got our costs to a certain level where we're slightly more expensive than the polystyrene solution they're using, but we think as we scale and grow, those costs will come down as we get economics of scale. I'd just like to point out that doing 250 tons is a quarter of the UK's output per week, and that will let us do many different customers in the UK. So there's plenty of potential. And who are we? Well, I'm Ryan. I'm handling the commercial side of the business. I have a PhD from Imperial College. My co-founder, Eleanor, actually is doing a PhD in feathers, which is unusual, at Imperial. We're a small team, but beyond that, we've got experts involved in textile manufacturing, coal-chayed packaging from GSK, and importantly, former members of the World Rendering Organization, and they were the ones who took the feathers previously, and are an important link to the poultry world. We're sponsored and supported by various networks, and through awards we've won, we've raised about 200,000 pounds at the moment, and this lets us kind of sell fun for another year. We're going to get this right and then launch our products, securing our first direct customers. But then the plan is obviously, as I said, to scale working with packaging suppliers to access distribution, and then mass production will begin in a few years' time. So thanks to feathers, we have Plumo. And Plumo can now, in a more sustainable manner, generate value right across the chain, from the poultry industry to the customers and the delivery services to the end users and have an improved end of life. All thanks to feathers. We don't want to stop there, though. The long, the big picture is a magical bit of kit that goes into the poultry industry. In-go feathers out comes valuable material. We then license that technology out globally, enabling the sustainable manufacturing of local manufacturing of sustainable materials, wherever they are in the world, as long as they are feathers. Thank you. Another good pitch. Funnily enough, I'm an investor in one of your target customers, Gusto. And they currently use wool, the sort of raw wool. In what way is your feather solution better than the wool solution? I'm debating what I say right now, but I'm going to say we've talked to Gusto, and it went very well. This outperforms the wool in terms of thermal performance. At the moment, just because we're so small, the price unfortunately wasn't right for them, and I couldn't guarantee them a price long-term. And that's what the sticking point was, but they love the product. It works really well. So I think we've got the beating of the wool, and that's what we're trying to do as well. And in terms of material available, there's far more feathers. So looking at competition or competitive products, how much are you better once on the cost side? Because I think it's important that you're not more expensive than the other solutions. And then if you think about the benefit where you say, hey, I'm after 40 minutes, my products are, I think, one degree cooler than with the other solutions, is that really game-changing? Because one degree feels like not so much. They care about the time, and the time to pass the critical limit of this is not safe anymore. And if you're using some of the more basic items, then this has got many hours over that. Unfortunately, polystyrene is very good at what it does. However, this at least matches that. Where you get, we think at scale, we can beat the polystyrene, but also importantly, polystyrene boxes are quite a hassle to receive. You've got a lot of dead space, which is something that customers don't want. They would love to use a more flat-pack solution. It's not for everyone, but there are other benefits as well. So I'm thinking about this ability to take the company to the next level. So let's assume that one of us here would be from IKEA, and we would be talking about, so how do you ramp this up? What is really your true capability to ramp the production up? Another side story, we tried to get into the IKEA accelerator, and they said very good, but unfortunately, probably not going to use any more feathers. So that was very sad to hear. So I think the way we ramp this up is we're doing a lot of hard work at the moment ourselves, but we know we need to partner with the right people, especially in terms of the packaging side. This is an area we need more expertise in. But we've now in discussions with pretty much the major poultry supplier in the world. Their basin also got arm in the UK. We engage with them at the R&D level, and it's been bumped up to the chain now to the head of innovation, and they want to push this project forward and figure out at scale, how do you receive waste chicken feathers, thousands of tons a week, and they are desperate. That industry is desperate to find value out these feathers. They're paying to get rid of them at the moment, and I receive emails about once a month from all around the world saying, can I buy your factory? Can I buy this? And I say, no, I'm just a guy with some material. So, yeah, not at the moment, yeah. Can we get a close-up on the materials? Oh, I was going to pass it over, I didn't want to. Not to go two dragons dead on the whole thing. I was going to bring loads and throw them out, but we kind of need them. Have a feel. How important to you is the look and feel. I guess for the gauze-toe or helo-fresh experience, it has to look natural. Does that matter, or actually most 99% of this market is industrial when it's no matter how it looks? We targeted this kind of higher-end food delivery industry, because it's slightly easier to access if you get the messaging right. So, things about the branding, that's why we kind of spent a while thinking up the name that sort of fits. And the look of the item, there would be some branding on it, but we started with a, I'm not going to scroll through it all, but we started with a plastic liner, and it just didn't look right. This is a starch-based biodegradable one. So, yeah, the look and feel of this product is going to be quite important. And it's part of the reason we want to keep lean and small ourselves, because we know there's a lot of work to be done about iteration. And if we just go to the big boys instantly, they sort of don't like it, it's dropped, that might be our one chance gone. So, we're going to grind it out for a little bit longer. So, how much is that piece of our biodegradable? Yeah, yeah. So, if you were to buy the wall-based equivalent, that's probably coming in at something like a pound something, one pound 50, and ours is probably coming in about one pound 80 right this second, but we're sending material all over the place. So, we really think that can match that at least, and be competitive. Thank you.