Data I/O Corporation

Good day and welcome to iAccessAlpha's BuySide Best Ideas Summer Conference 2024. The next presenting company is DataIO Corporation. If you would like to ask a question during the webcast, you may do so at any point during the presentation by clicking on the Ask Question button on the left of your screen. Type your question into the box and hit the send button to submit your questions. I'd now like to turn the floor over to today's host, Mr. Anthony Ambrose, President and Chief Executive Officer of Data.io Corporation. Sir, the floor is yours.

Well, thank you very much and good morning, everyone. I'd like to take the next half hour or so to talk to you a little bit about Data.io, what we do, our position in the industry, our focus on automotive electronics, and the opportunities that lie ahead of us. We'll start with our usual safe harbor statement and remind everyone that we're in the quiet period here, so I'll be talking about long-term items and certainly not the current quarter. So what DataIO does is we are an enabler for electronics manufacturing globally, focusing on the automotive and industrial markets. We build programming equipment that goes into factories worldwide that enables customers to put their initial load of software, often called firmware, into semiconductor chips as electronic products are being produced. It's a very important function. It gives us the opportunity to do the initial work with customers on their products. We have over 500 systems of our modern generation that we've shipped in the last 10 years called the PSV family deployed globally. And that represents an installed base of capacity of about 1.5 billion devices per year. The company has about 100 people, roughly half in the US and half internationally. We have a number of patents. And we have sales and service in over 40 countries with customers in over 80 countries. And again, what we do is we take a silicon chip from our customer. It could be very small. It could be very large. It's usually flash memory, a flash-based microcontroller, or some sort of security device. And it goes into our system here, shown the Centrix PSV. And that allows us to use a very high-speed robotics handler to put the chips into a programmer. And when they're in the programmer, the data are pumped into the chip, validated and confirmed that it's been done accurately, and then it's sent to output media. And it goes into a whole variety of devices. Again, the focus is on automotive. But it can be medical, it can be consumer, it can be industrial, it can be IoT as well. And we have this central position because of our ability to support customers globally. And that's our big advantage, really, over anyone else in our industry is the tremendous breadth of sales, service, support, relationships that we have all over the world. Now, with that worldwide presence, we do have a focus on the automotive electronics industry. And that's been our prime focus now for seven or eight years. We chose to focus on the automotive electronics industry years ago because we saw the need and growth in automotive electronics demand consistently over that time period. We started by focusing on in-vehicle infotainment and that broadened the focus to other automotive applications. Because of our position, we are a trusted supplier to 18 of the top 20 automotive electronics suppliers globally.

We support them in Europe. We support them in North America.