1/29/2025

speaker
Andrew Kegel
CEO

Welcome, everyone, to the RealBotics investor call for 2024 to present our audit financial statements. On the call today is the management team, including myself, Andrew Kegel, the CEO, Jennifer Karkula, our head of communications, Martin Boy, our CFO, and Matt McMullen, our CEO, chief visionary and creative genius behind the products. We're going to play a short video here just to get things started. around our experience from CES earlier this month. After that, I'll make some additional comments, and then we'll open up the line for questions via Jennifer. Jennifer, if you can queue that up. So, CES is the very first conference that we attended. It's the first time we ever displayed our products to the public. The response was highly positive. It was reported to us that there were over 1,000 articles written on the company, several TV spots, Fox News, CBS, lots of viral videos that got millions of views. And amazingly, we were told we got over 4 billion media impressions globally. I think that outside NVIDIA, Realbotics may have received the most media attention at what is considered to be the largest electronics show in the world. You can see here some of the highlights from the show and different things that we did. And obviously, later on, we're happy to take questions. There's, you know, a ton of media all over the place on the internet on various channels with respect to our products. I think coming out of CES, management feels very confident that we're on the right track. And if anything, we may have underestimated the market size for our products. You know, the feedback from larger technology companies to what we're offering is also very positive. So going back to 2024, it was a year of a lot of change and expansion. While the financial statements that we released yesterday only contained one full quarter of real botics in those numbers, the changes were obviously meaningful. Those are all highlighted in the filings and in the press release. I mean, the key thing for 2024 was that we expanded into AI and robotics. And as that business grew, we made the decision to focus more in that area and then ultimately to rebrand to the name Realbotics, which better reflects our focus moving forward. As I said, all of these changes are summarized in the press release and the MDA and in the AIF, which were filed yesterday. With respect to where we are, we continue to make headway into finding new ways to scale our production of robots. So, for example, we're in discussions to outsource the building of certain non-proprietary parts and maintain the key IP manufacturing internally. This will help us increase our production figures significantly without having to spend a ton on building a new facility in the near term. Our latest AI version is in beta testing. We expect it to be completed in the coming months. I think the way you want to think about it is when you have an app and, you know, there's upgrades that keep coming out or even new mobile phones, you know, we continue to invest time into making our products better and integrating better. And there's always that fine line of trying to make our stuff, our software and our hardware integrate seamlessly together. Our new robot controller, upgraded robot controller is close to completion. We expect that ready soon. We're continuing to work on elevating this new vision system that we've had, and we think in a few months that'll be ready to integrate across our robotic platforms. Our unique open-source robotic hardware is getting to launch compatibility with ChatGPT, LAMA, Gemini, and DeepSeq from China. The concept is that you can buy our robots and choose what AI you want to run through the hardware. That would also obviously include our own IP and our special lip sync technology that can articulate words in a similar fashion to a human. This will also be integratable with most major languages across the world. We did do some stuff at CES where we had the robots speaking in Spanish and Mandarin. Moving forward, we're continuing to be focused on growing our marketing, sales teams, AI, hardware. There's a lot of stuff to do. And, you know, we're still at an early stage, but super excited. As well, we're exploring looking into uplifting to a U.S.-based exchange to make it easier for U.S. investors to buy our shares. Overall, we're excited for the future. You know, a quick note on the accounting. Obviously, I don't believe necessarily that the accounting accurately reflects the value in our business and that many key aspects of our technology and our IP are not recognized. That just has to do with sort of accounting rules, which I don't think necessarily reflect reality. We believe we have some of the most interesting and unique robotics and AI technology available in the world today. And certainly, if anybody who visited our booth at CES would have been validated in our progress and in the products that we're doing. I would encourage people to visit our websites, Realbotics.ai for investors and Realbotics.com for customers. Maybe with that, and again, we can open it up to questions. We have Matt here and Martin and myself to answer things. So I'll turn that over to Jen after that quick summary to answer the questions.

speaker
Moderator
Call Moderator

Yeah. So if anybody on the call has a question, please press the raise hand function on the bottom. I'll give you access to speak. So our first question is from Dan.

speaker
Dan
Investor

Hey, Dan, go ahead. Sure. Hey. So can you expand on the pipeline as you envision it after CES? You know, what kinds of orders might you be looking for on a go-forward basis, or even just the interest that you're seeing from the businesses that inquired things?

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