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>> WELCOME
>> BACK TO GENDER STICKERS
EVERYONE WELL TO
AN ELECTION VEHICLE CHARGING
NETWORKS COMPANY ANNOUNCING A
FREE PUBLIC ACCESS DC FAST
CHARGING NETWORK. WELL TO
INSTALL THE FIRST 150 STATIONS
ACROSS THE COUNTRY OVER THE
NEXT 12 MONTHS AND WITH US NOW
TO DISCUSS IT'S GOT MERCER WHO
IS THE FOUNDER AND CTO VOTES OF
SCOTS ITS BUDGET OUT HERE JUST.
DEFINITELY
LISTEN RIGHT. WHY IS THIS A
SIGNIFICANT RULE OUT FOR THE
ELECTRIC VEHICLE.
>> YEAH,
SO THERE ARE REALLY 3 PROBLEMS
THAT PEOPLE NEED TO SOLVE TO
GET PEOPLE EXCITED ABOUT
ELECTRIC CARS. FIRST THE CARS
HAVE TO BE SEXYBACK TO BE
EXCITING SECOND THE BATTERY
COSTS RIGHT COST THE BATTERIES
HAS TO COME DOWN AND
3RD PEOPLE NEED TO BUILD THE
CHARGING STRUCTURE SAFETY NET
AND WAY TO GET PEOPLE EXCITED
ABOUT THE CARS. THE 3RD PROBLEM
IS REALLY WHAT WE'RE FOCUSING
ON.
>> ENERGY IS NOT CHEAP SO
YOU'RE GETTING HIS WAY FOR FREE
YES.
>> SO WE GO TO
HIGH TRACK THE LOCATIONS PLACES
WHERE WE THINK ELECTRIC CAR
DRIVERS WILL WANT TO GO AND WE
OFFER CHARGING AS
AN AMENITY 2 RETAILERS TO MOVIE
THEATERS TO ENTERTAINMENT VENUE
IS TO DRIVE TRAFFIC TO THEIR
STARS. WE HAVE ADVERTISING AND
SPONSORS THAT PAY FOR THE COST
ELECTRICITY ON THE SCREENS AND
THEY ADVERTISE TO EVERYONE IS
GOING TO THE PROPERTY.
>> SO HOW DID THESE CHARGES
COMPARED TO THE EXISTING TV
CHARGES THAT ARE OUT THERE IN
SOME OF THESE SAME FOR PRINCE
YEAH, SO WE'VE BEEN BUILDING
AND EVEN CHARGING STATIONS
SINCE 2000 11 AND THESE ARE
OUR FIRST FAST CHARGERS SO
THESE
CHARGE CARS IN 2015 30 MINUTES,
SOMETHING LIKE THAT.
VERSUS CHARGES THAT MIGHT TAKE
AN HOUR OR 2 HOURS FOR US, IT'S
PLACING THE CHARGERS AT A
NEWS WHERE THE CHARGING SPEED
MATCHES WHAT PEOPLE ACTUALLY
WANT TO DO WITH THE PROPERTY.
SO IF YOU'RE GOING GROCERY
SHOPPING FOR 20 MINUTES YOU
WANT TO START ARE WE GOING TO A
MOVIE THEATER FOR
3 HOURS. YOU WANT A SLOWER
CHARGE ACROSS THAT LINE THE
PARK AND THIS WORKED WITH.
>> ANY EVIE IT DOES INCLUDING
TESLA ENTIRELY UNIVERSAL OUR
STATIONS WORKER TESLA'S BUT I
CAN CLUB MIGHT BE OUT INTO A
TEST. RIGHT EXACTLY SO
THIS MIGHT AS OFF LIKE ANYONE
LAW SCHOOL YOU KNOW THEY'RE
ALSO GETTING THE SUPERCHARGERS
OUT THERE NOW TESLA
WANTS TO BILL CHARGING
INFRASTRUCTURE TO SELL CARS AND
THE MORE PUBLIC CHARGING
STATIONS THE BETTER FOR THE
INDUSTRY. FOR US IT'S
CHARGING IS STILL VERY UNDER
STALE AS COMPARED TO THE DEMAND
IS COMING FOR THE CARS AND WE
STILL HAVE TO TAKE A LOT OF
HOLES AND INSTALL A LOT OF
WIRES TO GET CHARGERS INSTALLED
FOR THE
COMING APART.
>> AND SO A LOT OF MONEY GOING
OUT THE DOOR INVESTING IN THIS
INFRASTRUCTURE RIGHT NOW ON
THIS NETWORK REALLY
HOW DO YOU MAKE MONEY AT THE
END OF THE DAY YOUR REVENUE
MODEL AND THEN ULTIMATELY YOUR
PROFITABILITY MODEL ONE YES, SO
REALLY BOTH TO COMPETE MORE
WITH WHO WILL THEN WE
DO IT.
>> TESLA ALSO WE SELL PHOTONS
AND ELECTRONS ARE SELLING
ADVERTISING ON THE SCREENS SO
WE'RE IN ADVERTISING BUSINESS,
OUR CORE
OUR BUSINESSES IN ADVERTISING
TO
THE TOWN COMMUNITY AND IN
DRIVING TRAFFIC TO THE
PROPERTIES THAT PARTNER WITH US
BY OFFERING FREE CHARGING.
A GROCERY STORE WILL GET
ELECTRIC PEOPLE DRIVERS, IT'LL
TAKE A LITTLE BIT FURTHER AND
HOPEFULLY SPEND A LITTLE BIT
MORE TIME
IN STORE TO GET A LONGER CHARGE
FROM THE CAR.
>> AJC TO COMB AND THEY'RE
PRETTY MEAN ARE YOU THERE.
THOSE ARE COMPETITORS AND THOSE
TENDER AT YOU'RE OUT OF YOUR
OUT OF.
>> HOME AND I MEAN LOOK I GET
THAT
THEY GET YOU KNOW PRIORITY, YOU
KNOW PARKING SPOTS
IS THIS SOME OF THE WORK OUT
WHAT EACH INDIVIDUAL RETAILER
TO TO BE ABLE TO CALL ABOUT
THAT SPACE.
>> IF THERE'S IT IS YEAH WE
HAVE NATIONAL PARTNERSHIPS SO
WE WORK WITH RETAILERS ON A
NATIONAL SCALE. AND WE FOLLOW
THE CARS AND THE MARKET SO AS
THERE'S ONE OR 2 CARS IN THE
CITY WILL PUT IN A SMALL AMOUNT
OF INFRASTRUCTURE IS THAT GROWS
TO 10 OR
20% OF THE TOTAL VEHICLE
POPULATION TOTAL, HE SAID
PEOPLE SALES AND SAN FRANCISCO
AND HE'S 20% OF NEW
CAR SALES. AS THAT STARTS TO
GROW WE PUT A MUSTACHE AND SO
SOME OF THE SHARED CAR
COMPANIES.
>> ARE REALLY RELYING ON THE
PRIVATE CAR OWNERSHIP THE QUIET
DECLINING
QUITE RAPIDLY AND SO IF WE DO
SEE PRIVATE CAR OWNERSHIP, THE
CAR AND WHAT WOULD THAT MEAN
FOR THE NETWORK SO
FOR US.
>> WE OUR FOCUS IS REALLY ON
REPLACING GASOLINE FUELED MILES
WITH ELECTRICALLY KILLED MILES
YOU DON'T MIND WHETHER PEOPLE
ON THE CARS
ARE NOT BUT PRIVATE CAR
OWNERSHIP IS NOT GOING TO CLIMB
AS QUICKLY AS PEOPLE EXPECTED
TO SERVE MY NATION
WIDE THAT.
>> WE'LL LOOK AT LEE HOW
PROFITABLE CAN BECOME AND
WHAT'S YOUR EXPENSE LIKE TO YOU
KNOW BUILD OUT THESE DEVICES
REALLY FOR ROSS JAVID BUSINESS,
THIS IS.
>> THE ONLY UNIT PROFITABLE
SORT OF THE CHARGING NETWORK
OUT THERE RIGHT NOW AND
ALREADY PROFITABLE. SO THE
STATIONS THEMSELVES ARE
PROFITABLE WE'RE THROWING THEM
BACK INTO GROWTH GOT OUR
GROWING
300% YEAR-OVER-YEAR AND SO IT