Latest / The Dan Show / One Year on NASDAQ: Engineering, Strategy & What's Next

Transcript

One Year on NASDAQ: Engineering, Strategy & What's Next · The Dan Show

• 0:04
  SPEAKER_04: Hi everyone.
• 0:05
  SPEAKER_04: Welcome to another Dan Show.
• 0:06
  SPEAKER_02: Hey Kylie, how are you?
• 0:07
  SPEAKER_04: I'm doing great.
• 0:08
  SPEAKER_04: How are you, Dan?
• 0:09
  SPEAKER_02: Good.
• 0:09
  SPEAKER_02: The weather's finally getting better.
• 0:10
  SPEAKER_04: We have sunshine coming through.
• 0:12
  SPEAKER_04: It's warm.
• 0:12
  SPEAKER_04: You probably got your top down in some of your vehicles out there.
• 0:16
  SPEAKER_02: Uh maybe.
• 0:17
  SPEAKER_04: Maybe.
• 0:18
  SPEAKER_02: I got caught in a tornado yesterday, literally.
• 0:20
  SPEAKER_04: Oh no.
• 0:21
  SPEAKER_02: We didn't have a lot of tornado warnings.
• 0:23
  SPEAKER_02: Yeah, it wasn't good.
• 0:24
  SPEAKER_04: Okay, well, I'm glad you're here.
• 0:25
  SPEAKER_02: I made it.
• 0:26
  SPEAKER_04: I'm glad that you made it.
• 0:28
  SPEAKER_04: Um, we have uh another guest joining us for the Dan Show today.
• 0:32
  SPEAKER_04: Um who is it?
• 0:34
  SPEAKER_02: Is he somebody's competing against our normal guests?
• 0:38
  SPEAKER_04: I know.
• 0:38
  SPEAKER_04: We just have such a great team.
• 0:41
  SPEAKER_04: We want to introduce them um one by one as different topics arise.
• 0:46
  SPEAKER_04: So today we're welcoming one of our mechanical engineers.
• 0:50
  SPEAKER_02: Okay.
• 0:50
  SPEAKER_02: I don't want to know which one.
• 0:52
  SPEAKER_04: Do you want to do the honors?
• 0:55
  SPEAKER_02: I don't this guy doesn't need an introduction.
• 0:57
  SPEAKER_02: Attila.
• 0:58
  SPEAKER_02: Attila.
• 0:59
  SPEAKER_02: Say hey there, man.
• 1:00
  SPEAKER_04: Is it Attila Naji?
• 1:02
  SPEAKER_00: Uh Attila Naj.
• 1:03
  SPEAKER_00: Yeah.
• 1:03
  SPEAKER_00: Naj.
• 1:04
  SPEAKER_00: Welcome from Dan's Den.
• 1:07
  SPEAKER_04: Welcome to what?
• 1:08
  SPEAKER_00: And this is Dan.
• 1:10
  SPEAKER_00: This is Dan's Dan.
• 1:10
  SPEAKER_00: Oh, first Dan's Dan.
• 1:11
  SPEAKER_00: It's like a lion's den, but it's Dan's Den.
• 1:14
  SPEAKER_04: Sure.
• 1:14
  SPEAKER_04: First uh Attila has his own um online presence.
• 1:17
  SPEAKER_04: Did you know this?
• 1:18
  SPEAKER_00: Yes, he does.
• 1:19
  SPEAKER_00: Uh pretty good.
• 1:20
  SPEAKER_00: People only can see my hands.
• 1:22
  SPEAKER_04: Uh-huh.
• 1:22
  SPEAKER_00: Um, not really.
• 1:23
  SPEAKER_04: Uh he builds all these things.
• 1:25
  SPEAKER_04: Tell people how they can find it.
• 1:26
  SPEAKER_00: Um, well, I got a YouTube channel, it's called Engineerd, and I take things apart.
• 1:31
  SPEAKER_00: Sometimes I put them together.
• 1:32
  SPEAKER_04: Engine nerd.
• 1:33
  SPEAKER_00: I think it's so brilliant.
• 1:35
  SPEAKER_00: Engine nerd.
• 1:36
  SPEAKER_04: Engine nerd.
• 1:37
  SPEAKER_04: It's great.
• 1:37
  SPEAKER_04: But Attilia is a mechanical engineer here.
• 1:39
  SPEAKER_01: He's also a part-time comedian.
• 1:41
  SPEAKER_04: He is.
• 1:41
  SPEAKER_04: He has a little down.
• 1:43
  SPEAKER_01: Very part-time.
• 1:44
  SPEAKER_01: Really, really part-time, yeah.
• 1:45
  SPEAKER_04: I think that's how we got hired, right?
• 1:49
  SPEAKER_01: I'm still waiting for that.
• 1:51
  SPEAKER_02: He tried coming, man.
• 1:52
  SPEAKER_02: He tried.
• 1:52
  SPEAKER_02: He tried.
• 1:53
  SPEAKER_04: I will say, along with Attila's knowledge, he brings a lot of personalities to the table.
• 1:58
  SPEAKER_04: We love having him around for morale boosts.
• 2:00
  SPEAKER_04: And this last week, um, we celebrated our one-year anniversary of being listed on the NASDAQ.
• 2:06
  SPEAKER_02: Yeah, that was big, right?
• 2:07
  SPEAKER_02: Amazing.
• 2:08
  SPEAKER_04: And Attila um showed up with a surprise for Dan.
• 2:13
  SPEAKER_02: Thank you, Attila.
• 2:14
  SPEAKER_00: Yeah, I wrote something.
• 2:15
  SPEAKER_00: Oh, what's it?
• 2:16
  SPEAKER_00: Nicest thing anyone's ever done for me.
• 2:18
  SPEAKER_00: Oh my god.
• 2:18
  SPEAKER_00: I appreciate it, Emily.
• 2:20
  SPEAKER_00: You see, given up given enough time, the joke is gonna come.
• 2:23
  SPEAKER_00: It's just you gotta wait for it.
• 2:25
  SPEAKER_02: Why don't you why don't you read this?
• 2:26
  SPEAKER_02: Yeah, we wanna just go ahead and read it.
• 2:28
  SPEAKER_02: What what you presented me with.
• 2:30
  SPEAKER_00: Okay, so these are these are my notes, and uh every once in a while the muse comes and kisses me right in the forehead, and then quick I make notes, and then when it's ready, I'm gonna present it to people.
• 2:42
  SPEAKER_00: So this is what it says.
• 2:44
  SPEAKER_00: We stand today at the edge of a new frontier, not of space, but of automation, intelligence, and human collaboration.
• 2:54
  SPEAKER_00: We choose to build systems that do not merely move but think.
• 2:59
  SPEAKER_00: We choose to create machines that will seamlessly fetch packages from a drone, not because it's easy, but because it's hard.
• 3:09
  SPEAKER_00: We choose to build technology that will interact with humans naturally, safely, and intelligently.
• 3:15
  SPEAKER_00: Machines that understand our needs and work besides us as partners, and we choose to solve the challenges others avoid, to coordinate fleets, to optimize deliveries, and yes, to stuff AMRs with speed, precision, and purpose.
• 3:32
  SPEAKER_00: For the future will not belong to those who wait for automation to arrive.
• 3:37
  SPEAKER_00: It will belong to those bold enough to build it.
• 3:41
  SPEAKER_00: Where's the punch fund?
• 3:44
  SPEAKER_03: That's great.
• 3:45
  SPEAKER_02: Hey, let me grab this real quick.
• 3:47
  SPEAKER_02: What especially touched me was these little ornate corners.
• 3:51
  SPEAKER_02: I don't know if you guys can see this.
• 3:53
  SPEAKER_02: I want everybody to see that.
• 3:54
  SPEAKER_02: This guy put a lot of effort into this.
• 3:57
  SPEAKER_02: And then I had him sign and dated here because this is part of the arrived story.
• 4:01
  SPEAKER_02: Some of this is gonna be in the archives of the Smithsonian.
• 4:05
  SPEAKER_02: Okay.
• 4:05
  SPEAKER_02: Here, can you draw that hook?
• 4:07
  SPEAKER_02: We're gonna have a museum for it.
• 4:09
  SPEAKER_00: Yeah, I'll put it right there.
• 4:11
  SPEAKER_04: I want to know more about what what motivated you, what inspired you to just sit and write that.
• 4:16
  SPEAKER_00: I I I don't sit.
• 4:17
  SPEAKER_00: Um stand and write it.
• 4:19
  SPEAKER_00: No, no, no.
• 4:20
  SPEAKER_00: I don't write either.
• 4:21
  SPEAKER_00: No.
• 4:21
  SPEAKER_00: Um what happens is uh I ride my uh mountain bike a lot, and uh when that happens, there's there's nothing else.
• 4:29
  SPEAKER_00: There's just me, the bike, and the trail.
• 4:31
  SPEAKER_00: And the trail and the riding itself is so demanding that my brain just clicks into a different mode.
• 4:39
  SPEAKER_00: And whatever problem I'm facing with, it is providing me solutions for that.
• 4:44
  SPEAKER_00: So the next big problem is to finish the lap and then start making notes on my phone because otherwise it's gone.
• 4:50
  SPEAKER_00: It's like it's like a kiss from the muse, but it's like so short and you can't even hug her.
• 4:55
  SPEAKER_00: It just flies by and just whispers something in your ears, and you gotta be able to remember that and write it down.
• 5:02
  SPEAKER_00: So that's how this uh was born.
• 5:05
  SPEAKER_00: And what what I tell people is you know, I got more than 30 patents.
• 5:11
  SPEAKER_00: 20 of those patents were born during the ride because there's a problem that I'm working on during the day, and many people think that when we close the door behind us, it is gone.
• 5:25
  SPEAKER_00: It's not gone.
• 5:26
  SPEAKER_00: The work is always there.
• 5:27
  SPEAKER_00: That that nagging problem is constantly there, and we are trying to find solutions.
• 5:32
  SPEAKER_00: And what we are doing here is especially a heart problem.
• 5:37
  SPEAKER_00: You know, uh this arrangement that we have here is so much different from the corporate shackles that I wore, you know, in my previous life.
• 5:48
  SPEAKER_00: Because you have one too many people, tell me one too many cooks, you know, in the in the kitchen, and and basically you have to come up with a solution.
• 5:59
  SPEAKER_00: And even if you are best in your in your class, you gotta have your voice heard in in such a manner that that people will believe it, and then you're gonna go ahead with the solution.
• 6:11
  SPEAKER_00: What happens in a corporate environment is many times, you know, the most uh talented people are trottled, their voices are not heard.
• 6:21
  SPEAKER_00: And so here in this environment, we don't have that many cooks, and then we can come up with solutions in a rapid fire style so we can innovate with a level that unseen before.
• 6:35
  SPEAKER_00: So thanks, Dan, you know, we have the funding for that.
• 6:39
  SPEAKER_00: Um we are getting the tools that we we want, and we are in a process of of of grinding this team together.
• 6:49
  SPEAKER_00: So right now everybody is like a little piece of of coal, you know, it's not shiny, it's dirty.
• 6:56
  SPEAKER_00: And then as time progresses, we work together with each other, you know, and then the pressure is on us, right?
• 7:02
  SPEAKER_00: So slowly we are turning into this this little diamond speckles, you know, and then something will come out of that.
• 7:10
  SPEAKER_04: What I've also learned in the last, I don't know, few minutes here is that you should have had an hour of mountain biking time built in as a contingency to your home.
• 7:24
  SPEAKER_04: We need to put a mountain a mountain course in there, but it's it's a real thing.
• 7:28
  SPEAKER_00: That's how it works for me.
• 7:29
  SPEAKER_00: I'm I'm in a flow.
• 7:30
  SPEAKER_00: Being in a flow is a real thing.
• 7:32
  SPEAKER_00: Different people achieve it in different ways.
• 7:34
  SPEAKER_00: Some people, you know, run, some people uh dive or or you know, do something.
• 7:40
  SPEAKER_00: But the the the physical part of it, the demanding physical part of that little nagging problems of the day just go away because you gotta focus on the bike and on the trail.
• 7:53
  SPEAKER_00: I thought it was because you're a Hungarian.
• 7:55
  SPEAKER_00: Like things on a trail happen so fast, like incredibly fast.
• 7:58
  SPEAKER_00: Yeah, yeah.
• 7:59
  SPEAKER_00: Two years ago, I I had a running with a big dog and broke my collarbone.
• 8:03
  SPEAKER_00: And that just happened in, you know, just in one second.
• 8:08
  SPEAKER_00: You couldn't even see that.
• 8:09
  SPEAKER_00: But so so it it's just demanding.
• 8:12
  SPEAKER_00: So all those problems go away, and then you know, you can buy the mugs.
• 8:16
  SPEAKER_04: Yeah, that's awesome.
• 8:17
  SPEAKER_04: I love I had no idea um that that was one of your pastimes.
• 8:21
  SPEAKER_04: So tell people a little bit about um your history, where you came from, and then how you came to be at Arrive.
• 8:29
  SPEAKER_01: Uh, how much time do we have?
• 8:30
  SPEAKER_04: I know.
• 8:30
  SPEAKER_01: Not that much.
• 8:31
  SPEAKER_01: Not that much.
• 8:34
  SPEAKER_00: I don't know if we can go back to that.
• 8:35
  SPEAKER_00: Um Well, you know, I'm from Hunger originally.
• 8:39
  SPEAKER_00: I have a master's in uh manufacturing engineering and the aerospace uh semi-finished PhD.
• 8:46
  SPEAKER_00: Uh I was I was always uh you know tinkering since I was I was a kid.
• 8:53
  SPEAKER_02: Um The guy came to his interview with a box full of little things he he made.
• 8:58
  SPEAKER_02: Well you gotta prove your word.
• 8:59
  SPEAKER_02: Oh no, no, I thought that was interesting.
• 9:01
  SPEAKER_02: That was unique.
• 9:02
  SPEAKER_02: Good job, man.
• 9:02
  SPEAKER_00: So when I was when I was in my teenage years, I was I was doing machining castings, weldings, you know, fixing equipment.
• 9:11
  SPEAKER_00: Um and then I got hired on to uh Raimi, which uh Raimi was in Anderson for 100 years.
• 9:18
  SPEAKER_00: Uh they uh you know they employed me for like five years.
• 9:22
  SPEAKER_00: They decided to close the office in Budapest, so I got transferred to Anderson.
• 9:27
  SPEAKER_00: Um I've been here uh going from Budapest to Anderson.
• 9:30
  SPEAKER_00: How's the hell of a day?
• 9:31
  SPEAKER_00: I don't know.
• 9:32
  SPEAKER_00: Well, well, you you go where where the job is.
• 9:36
  SPEAKER_00: There's not really many development jobs in Hungary, it's mostly manufacturing.
• 9:41
  SPEAKER_00: So the development is done in the West, and then they use manufacturing, uh use Hungary as a manufacturing hub.
• 9:47
  SPEAKER_00: This is completely different here.
• 9:49
  SPEAKER_00: So right here in this very building, we are doing development, like real development.
• 9:53
  SPEAKER_00: It's something worth living for.
• 9:55
  SPEAKER_00: What iteration are we on?
• 9:57
  SPEAKER_02: Um 29.
• 9:59
  SPEAKER_02: Okay, good.
• 9:59
  SPEAKER_02: I'll just like to keep track of that.
• 10:01
  SPEAKER_02: Keep going.
• 10:02
  SPEAKER_00: Yeah, so so so this thing we are working on is is not something you can solve on the back of a napkin.
• 10:08
  SPEAKER_00: Not it's it's not a 2D sketch.
• 10:11
  SPEAKER_00: You what we are doing is is basically coming up with solutions and then pitching that solution to the team, and then see if the the team can sell that, right?
• 10:23
  SPEAKER_00: Because because the mechanical part, the automation, is just one part of it.
• 10:28
  SPEAKER_00: It has to be in a in a tight knit environment with the software and with the control and with all the other things we want to do.
• 10:36
  SPEAKER_00: That's why this is hard.
• 10:38
  SPEAKER_02: We're iterating as a software first product, right, versus hardware first, which is the way things used to be done.
• 10:45
  SPEAKER_00: Well, software first was around for 30, 40 years.
• 10:48
  SPEAKER_00: So everything you see that surrounds you was designed in the software in the last 40 years.
• 10:54
  SPEAKER_00: So the software we have today is called CREO, and it allows us not only to simulate uh the 3D models and how people can interact with it or how the packages can interact with the models.
• 11:07
  SPEAKER_00: Um, we we can do simulations, we can do FEA analysis, we can we can model the parts in such a way that we can make sure they will survive the test of time.
• 11:19
  SPEAKER_00: They will not break under the load.
• 11:21
  SPEAKER_00: So all that is being done inside a computer.
• 11:26
  SPEAKER_00: And then when you see parts in my hand, it already went through 10, 20 different iterations just within the computer.
• 11:34
  SPEAKER_00: 29.
• 11:35
  SPEAKER_00: And then once we have an iteration that looks fairly good, we can prototype that in-house.
• 11:42
  SPEAKER_00: So we don't have to send it out and we don't have to pay someone else, you know, a lot of money to make those parts happen.
• 11:49
  SPEAKER_00: Then we can we can see how the parts interact with other solutions that we are.
• 11:54
  SPEAKER_04: And it speeds up the iterations.
• 11:55
  SPEAKER_00: Yes.
• 11:56
  SPEAKER_02: So talk about this team real quick and just give everybody an idea of like what's happening behind the scenes here.
• 12:03
  SPEAKER_00: What is happening?
• 12:05
  SPEAKER_00: I don't know how much I can say.
• 12:06
  SPEAKER_00: Well, don't get too crazy.
• 12:07
  SPEAKER_00: I was telling you earlier that in my previous jobs, they were always shutting me in one of the closets because they they don't want me to talk about uh, you know, what we are working on because that's the most highly kept secrets of the company.
• 12:21
  SPEAKER_00: Sure, sure.
• 12:22
  SPEAKER_00: Right.
• 12:23
  SPEAKER_00: So again, uh, you know, my my background having more than 30 patents, it's it's it's basically, you know, I'm I'm the cook there.
• 12:32
  SPEAKER_00: I'm coming up with new solutions.
• 12:34
  SPEAKER_00: I I tell people I'm like I'm like the uh running an ice cream shop, right?
• 12:38
  SPEAKER_00: And then you come in and Mark comes in and then you guys taste the ice cream, it's not good, so I run back, and then I make new batches and I keep coming up with new solutions, something that you guys can sell, right?
• 12:48
  SPEAKER_02: Right, right, right.
• 12:49
  SPEAKER_00: Something that that that fits the needs of the market.
• 12:51
  SPEAKER_02: How are you doing on that?
• 12:52
  SPEAKER_02: Have you come up with any good flavors or are you still?
• 12:54
  SPEAKER_04: Um we should start naming the iterations ice cream flavors.
• 13:00
  SPEAKER_02: That's right.
• 13:00
  SPEAKER_04: We just came up with a funny flavor.
• 13:02
  SPEAKER_04: There you go.
• 13:02
  SPEAKER_04: That's good.
• 13:03
  SPEAKER_04: That's good.
• 13:03
  SPEAKER_02: That's great.
• 13:04
  SPEAKER_02: See you there?
• 13:04
  SPEAKER_00: Yeah, so essentially we have a smart mailbox which which goes beyond saying that it's uh it's a smart mailbox.
• 13:14
  SPEAKER_00: It's it's not a good name to name it because it's it's more than that.
• 13:18
  SPEAKER_00: Right.
• 13:18
  SPEAKER_00: It's it's way more than that.
• 13:20
  SPEAKER_00: So what we are aiming for is that this solution would be able to hand off or receive um packages uh in three different modes so it can receive packages or fetch packages to the drone, to the humans, and to the AMRs.
• 13:35
  SPEAKER_00: AMRs, they're all rovers that go around.
• 13:38
  SPEAKER_00: And that's a pretty heavy lift um to do, but ultimately that's where the market is heading for.
• 13:44
  SPEAKER_00: We recently had this uh guy from India who owns the largest uh fleet.
• 13:52
  SPEAKER_00: And and that's it.
• 13:53
  SPEAKER_00: And and and well, he's got a name.
• 13:56
  SPEAKER_00: It's a good thing I don't remember his name.
• 13:57
  SPEAKER_02: Okay.
• 13:58
  SPEAKER_00: So yeah, yeah, yeah.
• 14:00
  SPEAKER_00: You can just edit it out.
• 14:02
  SPEAKER_00: So recently we had a gentleman who is running a business that is similar to ours, and when we sit down with him and discuss certain details, they realize that the solutions we are coming up with is one of the cornerstones that they've been long looking for, but they did not understand that that that's the solution they are looking for.
• 14:22
  SPEAKER_02: Right.
• 14:23
  SPEAKER_02: That's what we keep finding.
• 14:25
  SPEAKER_02: So well, that's great.
• 14:27
  SPEAKER_02: Hey man, I love having you on the team.
• 14:29
  SPEAKER_02: Hey, thanks for having me on the team.
• 14:31
  SPEAKER_02: Keep working on jokes.
• 14:32
  SPEAKER_02: It's good to have somebody bad shoulder.
• 14:36
  SPEAKER_04: Attila and nage.
• 14:37
  SPEAKER_01: So Nudge Nudge Nudge Nudge Dodge, Nudge.
• 14:41
  SPEAKER_01: I say I say Nag.
• 14:43
  SPEAKER_01: Nagy.
• 14:44
  SPEAKER_01: No, dodge called N-A-G-Y.
• 14:47
  SPEAKER_04: How many different ways do people say your last name?
• 14:50
  SPEAKER_01: Oh, oh, don't don't have a stone.
• 14:51
  SPEAKER_04: I thought for sure I nailed it in the beginning.
• 14:53
  SPEAKER_04: No, but I'm glad I heard it.
• 14:55
  SPEAKER_04: How you how you say it.
• 14:57
  SPEAKER_04: Finally.
• 14:57
  SPEAKER_00: He's not saying that.
• 14:58
  SPEAKER_00: So for regular songs, I say like the carge brand like the car brand, dodge, nodge.
• 15:03
  SPEAKER_00: Okay.
• 15:03
  SPEAKER_00: For engineers to say nodule iron.
• 15:06
  SPEAKER_00: So nodular iron is one type of iron still.
• 15:09
  SPEAKER_00: Okay, great.
• 15:09
  SPEAKER_02: That's that's probably it's like uh the big bang theory.
• 15:12
  SPEAKER_00: Yeah, this edio, this this video is gonna be highly edited.
• 15:17
  SPEAKER_00: I don't I don't know.
• 15:18
  SPEAKER_02: Thanks for all your work.
• 15:19
  SPEAKER_02: You're still gonna see this in here, right?
• 15:20
  SPEAKER_02: Right, Kylie?
• 15:25
  SPEAKER_04: Dan never messes up.
• 15:26
  SPEAKER_04: He's perfect.
• 15:28
  SPEAKER_02: I I embrace it.
• 15:30
  SPEAKER_04: Attila, thanks though.
• 15:32
  SPEAKER_04: We really appreciate you seeing my favorite.
• 15:33
  SPEAKER_02: I appreciate seeing him.
• 15:34
  SPEAKER_02: Well, I think he's keep working on some jokes, man.
• 15:36
  SPEAKER_02: We'll get the date.
• 15:37
  SPEAKER_02: See you guys.
• 15:37
  SPEAKER_02: All right, buddy.
• 15:38
  SPEAKER_02: Bye man.
• 15:39
  SPEAKER_04: Attila Nodge, everybody.
• 15:40
  SPEAKER_02: Great guy.
• 15:41
  SPEAKER_02: Well, he's kind of the uh the elder statesman back there.
• 15:44
  SPEAKER_02: All the younger engineers kind of flock to him.
• 15:47
  SPEAKER_02: I think that's kind of cool.
• 15:48
  SPEAKER_04: He's a good leader.
• 15:49
  SPEAKER_04: He keeps them all um working well together, grounded.
• 15:52
  SPEAKER_04: Yeah, whatever.
• 15:54
  SPEAKER_04: Good.
• 15:54
  SPEAKER_04: Yeah, he's he's great.
• 15:55
  SPEAKER_02: Not a great inspiration for funny jokes, though.
• 15:58
  SPEAKER_02: I hope they're looking somewhere else.
• 16:00
  SPEAKER_04: He's pretty funny though.
• 16:01
  SPEAKER_04: He's got a good delivery.
• 16:02
  SPEAKER_02: He does, he's good.
• 16:04
  SPEAKER_04: Um, but we have some other things that we want to talk about.
• 16:06
  SPEAKER_04: Yeah, right.
• 16:07
  SPEAKER_02: Absolutely.
• 16:07
  SPEAKER_04: And we wanted to let Attila get back to doing what he loves to do.
• 16:11
  SPEAKER_02: Jumping on the mountain bike.
• 16:12
  SPEAKER_04: Yeah, so we uh put out a press release this week.
• 16:15
  SPEAKER_04: Um, post earnings call, post all these things.
• 16:17
  SPEAKER_04: It's it's kind of expanding upon some of the news that we had in the earnings call, though.
• 16:22
  SPEAKER_02: Which press release are you talking about?
• 16:24
  SPEAKER_04: Talking about the Streeter Vale.
• 16:25
  SPEAKER_02: Okay, okay, because we did a press release about the earnings, right?
• 16:29
  SPEAKER_02: And we had just this is big news.
• 16:30
  SPEAKER_02: Yeah.
• 16:31
  SPEAKER_02: This is really big.
• 16:32
  SPEAKER_02: Uh, you know, we have a good amount of capital on our balance sheet right now.
• 16:36
  SPEAKER_02: If you guys know us, we don't take down money for the sake of taking it down.
• 16:40
  SPEAKER_02: We always believe the share price is gonna be higher, so less dilution, wait till it gets up there.
• 16:45
  SPEAKER_02: Um, so we were able to enter into a standstill agreement with Streeterville.
• 16:51
  SPEAKER_02: Uh we had them come join us here at our home office, and we have a good amount of capital, so we're not in need of capital right now.
• 16:57
  SPEAKER_02: And what we really had determined throughout the tenure of being public is the Streeterville deal was kind of a headwind to our share price.
• 17:06
  SPEAKER_02: So, in good faith, uh in the spirit of partnership, we we asked Streeterville if they would be willing to do a standstill agreement with us, uh, essentially getting out of the market for now until the end of the year.
• 17:19
  SPEAKER_02: So that's over six months.
• 17:20
  SPEAKER_02: That's uh that's big.
• 17:22
  SPEAKER_02: And they they agreed to that, and we're able to announce that.
• 17:25
  SPEAKER_02: And we think that's gonna have a uh a positive effect on the shares.
• 17:29
  SPEAKER_02: Knock on wood, forward-looking statements, but but I think it's it's awesome.
• 17:33
  SPEAKER_02: I'm happy they entered into that with us.
• 17:35
  SPEAKER_02: I think that shows the spirit of the partnership.
• 17:38
  SPEAKER_02: So um let's see where we can go from here.
• 17:41
  SPEAKER_04: Yeah, I think it um is reinforcing what we're trying to do now while our value is in the milestones per quarter, yes, as opposed to the earnings, because that's not where we are right now as a company, but we're trying to ensure value and to do everything that we can to provide stakeholders that they need.
• 18:05
  SPEAKER_02: We also became S3 eligible.
• 18:06
  SPEAKER_02: This is kind of in the weeds stuff, behind kind of inside baseball of a public company.
• 18:11
  SPEAKER_02: But once you're public for a year as a public company, um, you get you become S3 eligible, which is a different kind of a registration statement where the company can actually raise capital on its own shares.
• 18:23
  SPEAKER_02: And that that's a big deal, and it substantially, significantly lowers the cost of capital uh dramatically.
• 18:31
  SPEAKER_02: And that's so now that we've got a good amount of cash on the balance sheet, our burn rate is is we've really distilled that down to a good manageable amount.
• 18:40
  SPEAKER_02: And uh and we got the standstill with Straighterville, and we're getting ready to file our own S3.
• 18:45
  SPEAKER_02: Everything's on lighting in a really positive way.
• 18:48
  SPEAKER_02: We're looking for some big market traction that we're working on right now.
• 18:51
  SPEAKER_02: So I think you know, everything is looking way up, right?
• 18:55
  SPEAKER_04: Mm-hmm.
• 18:56
  SPEAKER_04: So one year later.
• 18:57
  SPEAKER_02: One year later, who knew?
• 18:59
  SPEAKER_02: But you know, we were never gonna be huge revenue day one.
• 19:02
  SPEAKER_02: You know, we're we're building out this next new network platform business.
• 19:07
  SPEAKER_02: You know, I I like to say this because it puts it in perspective.
• 19:10
  SPEAKER_02: When Waymo and Google announced, you know, uh self-driving cars, that was in 2009, so it was 17 years ago.
• 19:17
  SPEAKER_02: And um, they haven't really scaled yet, and they've spent$30 billion.
• 19:21
  SPEAKER_02: So, you know, if you look at Arrive AI and where we are on the evolution curve with what we've spent and how much further ahead in this moment we would are we are than where they were, I think we're in a great spot.
• 19:34
  SPEAKER_02: And I think we have the prospect of being the next Google with the the network platform opportunity, the TAM that we have.
• 19:41
  SPEAKER_02: So this is a great moment.
• 19:43
  SPEAKER_02: Every day is a great day, right, Kyla?
• 19:45
  SPEAKER_04: Yes, indeed.
• 19:46
  SPEAKER_04: We have a lot of fun.
• 19:47
  SPEAKER_02: What else did we want to talk about?
• 19:48
  SPEAKER_04: Well, I just wanted to um talk about the the annual or the birthday celebration, really.
• 19:54
  SPEAKER_04: The NASDAQ birthday celebration.
• 19:55
  SPEAKER_04: Oh, yeah, that was always fun.
• 19:56
  SPEAKER_04: Yeah, um, it was really cool.
• 19:58
  SPEAKER_04: Trish, our office manager, um, she organized it all.
• 20:00
  SPEAKER_04: She did a great job.
• 20:01
  SPEAKER_04: Thank you, Trish.
• 20:02
  SPEAKER_04: One of the things she did was she brought in a character artist.
• 20:06
  SPEAKER_02: Yes, she did.
• 20:06
  SPEAKER_02: Thanks, Trish.
• 20:07
  SPEAKER_04: Um I think her name was Bree.
• 20:09
  SPEAKER_04: She was phenomenal.
• 20:11
  SPEAKER_02: Did a great job, captured the essence of everything.
• 20:14
  SPEAKER_04: And so we have pictures of people getting that done.
• 20:16
  SPEAKER_02: Yeah, I said in fun, I go, let's figure out the worst rendition of somebody, and that person wins a prize.
• 20:23
  SPEAKER_02: And they I think it was unanimous, right?
• 20:25
  SPEAKER_02: Uh-huh.
• 20:26
  SPEAKER_02: Aesos, Evan.
• 20:27
  SPEAKER_02: Evan, and he he just totally embraced losing.
• 20:30
  SPEAKER_04: He loved it.
• 20:31
  SPEAKER_04: Yeah.
• 20:32
  SPEAKER_04: So Dan went with this because Evan was also rooting for himself to win this losing competition.
• 20:37
  SPEAKER_04: Right.
• 20:38
  SPEAKER_04: He thought his sketch was hilarious.
• 20:39
  SPEAKER_04: It was really good.
• 20:40
  SPEAKER_04: He thought it was hilarious.
• 20:41
  SPEAKER_02: So ironically, and looked just like him.
• 20:43
  SPEAKER_04: Yeah.
• 20:43
  SPEAKER_02: I'm just kidding.
• 20:44
  SPEAKER_02: But uh, so we gave him a little prize, a little bit of swag.
• 20:47
  SPEAKER_02: But uh, I was hoping maybe we could funnel through those real quick at this part of the uh Dan show here.
• 20:52
  SPEAKER_02: Can we do that?
• 20:53
  SPEAKER_04: Yes, I believe that will be part of it.
• 20:54
  SPEAKER_02: Okay, all right.
• 20:55
  SPEAKER_02: So look for that.
• 20:56
  SPEAKER_02: Let's do that at the very end.
• 20:57
  SPEAKER_02: So people this time might wait till the end.
• 21:00
  SPEAKER_04: Dan likes to plan what we're gonna do in post-editing during the show.
• 21:04
  SPEAKER_02: Hey, you know what?
• 21:05
  SPEAKER_04: We're we gotta be able to despite me repeatedly asking him to wait.
• 21:08
  SPEAKER_02: Let's move fast, right?
• 21:10
  SPEAKER_02: We gotta shift on the dime here, guys.
• 21:12
  SPEAKER_02: Uh what else do we?
• 21:13
  SPEAKER_02: We've got the bell ringing.
• 21:15
  SPEAKER_04: July 13th.
• 21:16
  SPEAKER_02: We just sent that Horus VP out again, right?
• 21:18
  SPEAKER_04: It goes out in the morning, actually.
• 21:19
  SPEAKER_04: Okay, okay.
• 21:20
  SPEAKER_04: So it's scheduled to go out at 9 21 Wednesday morning.
• 21:24
  SPEAKER_02: Nine 9 21.
• 21:25
  SPEAKER_04: 9 21.
• 21:26
  SPEAKER_02: It's like a press release.
• 21:28
  SPEAKER_04: I know.
• 21:28
  SPEAKER_04: I just picked these times.
• 21:29
  SPEAKER_02: I don't know how you do that.
• 21:30
  SPEAKER_02: Um, look for that and really respond.
• 21:32
  SPEAKER_02: We want everybody to be there.
• 21:34
  SPEAKER_02: It's gonna be a big time.
• 21:35
  SPEAKER_02: Uh probably the last time we'll do it for a while.
• 21:37
  SPEAKER_02: It's highly rare.
• 21:38
  SPEAKER_02: Nobody can believe, in fact, that we're coming back a year later to ring the bell.
• 21:42
  SPEAKER_02: So if you were there last time, I know you want to be back.
• 21:45
  SPEAKER_02: If you missed it, I know you don't want to miss it again because this will be, you know, we're selfish and we want to do it as much as we can, but it's probably not in the cards.
• 21:53
  SPEAKER_02: It's it's a really hard get.
• 21:55
  SPEAKER_02: So we're really fortunate that the NASDAQ uh allowed that to happen again, right?
• 21:59
  SPEAKER_04: Yes.
• 21:59
  SPEAKER_02: Okay.
• 22:00
  SPEAKER_02: No, was there anything else we wanted to?
• 22:01
  SPEAKER_04: I think that's good for today.
• 22:03
  SPEAKER_02: Yeah, okay.
• 22:03
  SPEAKER_02: You should have that down.
• 22:09
  SPEAKER_04: Streeterville Streeterville.
• 22:11
  SPEAKER_04: And Streeterville stands celebrities.
• 22:18
  SPEAKER_04: Yeah.
• 22:18
  SPEAKER_04: We have more content on our website too.
• 22:20
  SPEAKER_04: Always check out our blog.
• 22:23
  SPEAKER_04: It's great.
• 22:23
  SPEAKER_04: We go into detail uh this past week over just the Waymo story, the Google story.
• 22:29
  SPEAKER_02: I'm not a blog guy.
• 22:30
  SPEAKER_02: When Kylie came and hired in here, she almost didn't get the job because she's a big blog person.
• 22:35
  SPEAKER_04: I'm an information person.
• 22:37
  SPEAKER_02: Yeah, uh the blog thing, if it's not fresh, it's still there's no in between, and it's such a commitment or moving so fast here.
• 22:45
  SPEAKER_02: But uh you wrote a bunch of blogs in advance.
• 22:48
  SPEAKER_04: Um there are some evergreen ones, but the the the current events and the rapid evolving autonomous industry keeps us without any lack of content.
• 23:03
  SPEAKER_02: Okay, for sure.
• 23:05
  SPEAKER_02: All right, that's great.
• 23:06
  SPEAKER_02: I'm gonna go with that.
• 23:08
  SPEAKER_02: I'm gonna check those dates though.
• 23:10
  SPEAKER_02: All right, okay.
• 23:11
  SPEAKER_02: All right, let's do it.
• 23:12
  SPEAKER_04: Um check out the content, follow us on our socials, subscribe to our YouTube channel, and to our podcast, of course.
• 23:18
  SPEAKER_04: Spotify, IR Radio.
• 23:19
  SPEAKER_02: Tell your friends about Arrive.
• 23:21
  SPEAKER_02: Check out the big biz show.
• 23:23
  SPEAKER_04: Yeah, Dan had a lot of media appearances today.
• 23:26
  SPEAKER_04: So did our chief strategy officer near Shaw.
• 23:29
  SPEAKER_02: Yeah, it was a big day.
• 23:30
  SPEAKER_02: Four four media things today.
• 23:32
  SPEAKER_02: So yeah, check them all out.
• 23:34
  SPEAKER_02: Thanks for being here, guys.
• 23:35
  SPEAKER_04: Yeah.
• 23:36
  SPEAKER_02: We'll see you next time.
• 23:37
  SPEAKER_02: Bye.
• 23:38
  SPEAKER_04: Bye.