 Hello everyone. My name is Sandrik. I'm the co-founder of Neofarms and I would like to introduce you to technology that has the potential to revolutionize your personal supply of fresh vegetables. Those fresh vegetables are the basis for your health and for your diet, but their nutritional content and also the taste highly depends on the conditions on the field and what happens in between harvest and consumption. For some vegetables, especially salads, herbs, microgreens, just a few days can lead to great loss of nutrition and taste. And at this point, I don't even have the time to mention all the negative aspects of modern-day large-scale farming on the ecosystem on the whole planet, and I hope you're all familiar with that. It turns out there's a solution, the trend urban gardening that could solve a lot of those problems. But in our urbanized future cities, less and less people will have the access to this technique or to a garden at all. This is why in the last years, inventors have started to create solutions like this. Small hydroponic greenhouses that grow some plants, for you at home. And when those systems are all great, they're all facing the same problems with the hydroponics that's behind. There are some limitations with the liquid water, with the scalability and also the taste. We soon realized this when we started the company and we found an alternative called aeroponics. Aeroponics is actually used and developed by NASA to grow plants up in space and uses a fine mist of nutrients and fog to supply the plants with everything they need. But until now, aeroponics has been super complicated and expensive. This is why we set out initially to create a patent-pending technology that enables us to use aeroponics in a simple home appliance. Our fully automated indoor greenhouse takes away all the effort normally involved with growing your own plants and produces enough salad for a whole family. It's vertical, it's modular, it's easy to use, connected to an app that can tell you everything about the plants that you are actually raising. Let's look at the business side for a second. We want to enter the market using kitchen retailers. They can showcase the system, they can plant it into new kitchen and build it right in, taking a lot of effort away from us. Together with them, we are targeting the top 7% of premium and luxury kitchens. Those set up to 700,000 units sold every year in Europe and America. In Europe, it's still more than 300,000 and in Germany our first target market because it's a hometown and also the biggest premium kitchen market. It's still more than 90,000 potential customers every year. Our premium product together with recurring revenues from seeds and nutrients create a lifetime value of around 7,500 euros for us. Behind all this is a very diverse team covering everything from biotechnology, industrial design, mechanical engineering, economics and so on. On top, we're working together with some of the leading experts in product development, brand building and premium retail. At the moment, we're looking forward to close our seed fund of 800,000 at the beginning of next year and with that, get the chance to bring home farming into every house out there. All right, Henrik. Thanks for this healthy pitch and now please, the jury, four minutes. Can you open up the business model a bit more? Yeah, the business model consists of the two pieces that I already mentioned, selling of the product itself, premium product for the beginning because the production cost is not too low at the beginning, of course. So we will have the margin there and then at the end, we are selling the seeds, the nutrients and the other user builds that go into using this product the whole time. So there's one time selling and then recurring revenues over the next years over the usage. What's the use case? Because sometimes these kind of products, they're kind of a luxury market. So do you see the final user to replace vegetables from the supermarket with the homegrown ones or where do you want to be? What kind of use case do you want to see? We're actually looking forward to replace part of it and that's exactly the plans I already mentioned. This is herbs, microgreens and salads because those are the things that grow best in those systems and those are at the same time, which is great, the things that spoil the fastest. So we want to have those things that you can buy at the supermarket and that are wasted in two days because they just spoil in your kitchen. We want to take this, grow it at home and of course the rest, tomatoes, all the big stuff, that's not the use case here. So the freshest things in your kitchen, the rest are from the supermarket. What is the average price for an initial setup if I buy this with my kitchen? Yeah, for the beginning we've done the research in the premium kitchen market and right now we're looking for a retail price to enter the market of 6,000 euros. That's actually something people are very well aware that they're spending for premium products and it's worth it for them. This will be the initial price but after that, of course, we hope to with bigger volumes get the price down and at the end reach the mass market but this would be with another product coming up basically. Can you explain a little bit how you have enhanced the NASA technology and what your patent is about? Yeah, as you said, it's another technology. It's all patented. It's all there for decades and what we've done is simplifying the technology, making it easier. So we have one unit that supplies the whole thing with the nutrient fork that's created and the supply and the transportation of this mist inside the system. This is what you're basically protecting. Can you tell a bit more about your current stage and what your plans for the next year or when you want to go for a market, etc.? The next year will still be all about research and development. We've finished the digital construction of our fourth-generation prototype that we want to build a small series at the beginning of next year, of 10 pieces. Then at the end of next year, we're going to build a pre-series of the end product. We want to launch at the end of 2019. That's the schedule. Okay, so are you always going to launch together with kitchen appliances or are you thinking of going also just with just a standalone product? Are you always going to launch with a kitchen or are you thinking to do direct sales as well? So who's your first, who's your distribution distributor basically? Direct sales is a little bit harder with the product because it's premium. It's expensive and it's new technology. So we feel like we have to touch the technology. This is why we're bringing it through the retail. Direct sales might be off in the future, but for the beginning only retail. Do kitchen producers have similar solutions at the moment? Why don't they do it in-house? Or do you know if it's a market there or why haven't they touched that so far? I think they're slowly starting to touch it. We know that they're interested in the technology and we know at least of one company that's looking forward to do things like that, but it's all not in the same scale. They're doing other systems, pod-style systems, not this fridge style. That's it, Henrik. Thanks so much. New farms!