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NIO Inc.

Q22021

8/12/2021

speaker
Operator
Conference Operator

And gentlemen, thank you for standing by for NEO Incorporated's second quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. Today's conference is being recorded. I will turn the call over to your host, Ms. Eve Tang, investor relations of the company. Please go ahead, Eve.

speaker
Eve Tang
Head of Investor Relations

Good morning and good evening, everyone. welcome to new the second quarter 2021 earnings conference call the company's financial and operating results were published in the press release earlier today and are posted at the company's IR website on today's call we have Mr. William Lee founder chairman of the board and chief executive officer Mr. Stephen Fung chief financial officer Mr. Stanley Chu VP of finance and Miss Jade Wei, AVP of Capital Markets and Investor Relations.

speaker
William Lee

One simple but brilliant trick to cool your home in 90 seconds. Tired of hot and stuffy rooms during summer? This genius way to cool any room in 90 seconds for almost zero cost is taking over the market like crazy in the US. An ingenious college kid from Phoenix just destroyed the billion-dollar AC industry by building a device that can cool down any room in record time. Martin designed the invention after budget cuts left his school with a broken aircon system in sweltering hot summers. He and his fellow classmates had to study for their exams in 95 degree temperatures. And when their plea for a new AC system fell on deaf ears, Martin decided to take matters into his own hands. Blessed with a gift for engineering and a desire to help his classmates, he was able to reverse engineer aircon units. Using the Bernoulli physics principle that powers all major types of cooling systems, he built a one-of-a-kind device that creates a perpetual cooling loop, recycling the cold that's generated so that none of it goes to waste. He brought the super cool gadget to school, and the results were incredible. Under control testing, temperatures in the unbearably hot classrooms plummeted from 95 to 65 degrees in just two minutes while using 90% less energy than regular AC systems. After word got out about what he'd made, investors quickly lined up. He was told by his professor that he would go down in history, but when an AC company approached offering millions for the rights, Martin flat out refused and was expelled three days later. It was then he realized how big an impact his device could have. Partnering with top engineers in his field, they perfected the prototype and readied it for mass production. It's called Blast Portable AC, and it cools down rooms rapidly using only tiny amounts of electricity, recycling cold air so that practically no energy is wasted. Blast's cooling capabilities are simply unmatched by any regular AC system. Thanks to its brilliant cooling technology that passes water over a precision-engineered cooling element, it cools rooms in a matter of minutes, giving you fresh cool air for practically zero cost. It's actually 98.7% cheaper than standard aircon. Just fill it with water and plug it in whichever room is too hot. Switch it on, and it'll instantly start blasting out ice-cool air. It works in rooms up to 400 square feet in size. Already have aircon? Use this instead. It's much cheaper and just as effective. People all around the world are choosing the more affordable blast over expensive AC. Would your family like a refreshingly cool home too? We are giving it away at a huge discount to get the word out quickly, but you have to hurry up. The weather is getting hotter, and orders are going fast. Click on the link in this video to get Blast now and get cost-free aircon today.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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