For anyone new and for rereading which I will do today here are my zoom call notes from last April.
Zoom call notes part 1. Jeffery Brooks part is going to take a while to transcribe.
April 15 PMPG Zoom Call
• VHMC failing to report and this is holding up 10k. Tony would rather be late than submit something in error.
• Tony visited SRT lab with Terrance. Controllers are very impressive.
• VHMC sold to Data Co, whatever PMPG shares you had on March 26 you have a yet to be determined amount in Data Co. PMPG shareholders will get info soon and it will be very clear what the formula was and how many Data Co shares you own.
• Results of selling VHMC are dramatic to balance sheet. Roughly $700-800k in liabilities/notes will be removed from PMPG balances sheet and this will be seen in 10Q, 10k will not show balance sheet changes but it will show reduction in notes.
• SRT signed LOI with Deep South Communications Terrance overview- distributor for intelligent transportation systems, 5G, good relationships with DOT. SRT has LOI with largest manufacturer/distributor of intelligent transportation systems in brazil
• PPG/EF discussions halted, why – PMPG wants to leverage the patents, deal now would not be favorable, Tony believes that in a few months they will be able to go to anyone for an LOI to manufacture. Working on Proof of Concept.
• Pacific Stock Transfer current TA, 3 8k’s issued to address, cost to litigate is costly and they will not litigate until there is revenue. They have time to go after them
• Currently in Proof of Concept phase and expect manufacturing in next 12 months, need cash to move forward, currently involved in several ways to inject capital infusion into the company, once they have cash into the company they can build out solution sets and soon to be announced 5G infrastructure holdings, “that’s a powerful statement right there, I don’t want to get into it but as LOI’s come in and the structures start to come together it will all make sense but right now it is a little too soon to really dig that but saying that please note that no revenues or earnings are expected till the added capital is funded to the company.
• What is being done to add capital? Debt financing, verbal commitment and waiting for LOC company to come out of audit and announcement cannot not be made until that happens.
• Equity financing, Private Placement Memo, TA issue blindsided and sale of VHMC and that should be complete in a few weeks.
• Excited by Investment Funds that want to court PMPG major funding and Tony cannot get into that because of NDA’s, just in discussion phases.
Zoom call notes part 2, I'm half way through. I left off with the financial projections.
Jeffery Brooks
• Structured through 2 business units:
1. Technology solutions
2. 5G infrastructure. 5G is critical to the technology solutions
• 8K will be issued to address 5G initiative
• They will have more on real estate and how it plays into technology and 5G
• There will be a finance division that will have ability to float construction bonds to municipalities to finance road construction.
• More info coming out shortly on 5G and smart city infrastructure.
• Trying to provide well defined management structure to have clarity and avoid confusion
• PMPG/SRT partnership comes with a very significant patent portfolio and it defines the very essence of technologies that are needed for smart roads, city and infrastructure
• 22 patents in 31 countries, gives them a great competitive advantage.
• Interesting part as Tony noted that our initial objective is not to litigate but the patents really help us that in some point in time hopefully in partnership but not clearly we can go a different path with some of the 5G solution providers that are already infringing on PMPG patents.
• Patents are focused around transforming every paved surface to a smart highway.
• Focusing on core areas, first will be autonomous vehicles and driving, the internet of things
• Manage traffic light systems in profound real time basis.
• Focus on Mobil driving, be able to push adds to billboards, tightly ties to security.
• Road toll collection
• Connected commerce.
• Terrance-holder of patents, inventor, visionary. Poles that violates patents-any vertical pole structure that are reflective near a paved surface-stop signs, yield signs, traffic lights, road markers
• 31 countries- include the EU before they broke up
• Jeffery clarified that patents are for all pole signs that are the next level of markers that are interactive and communicate data collection, really powerful.
• Vehicle to vehicle communication
• Turtles will communicate with each other, mesh networks for the roads.
• PMPG/SRT will be the gateway to smart roads, cities, infrastructure.
• Patents great for enhancing current technology on autonomous vehicle. PMPG can enhance LIDAR. PMPG can put LIDAR sensor in the turtles and return info to vehicle thus extending the range of the LIDAR.
• If a technology has anything to do with wireless communication on the road they have to some how find a way to work in partnership with PMPG
• PMPG/SRT wants to work in partnership with other businesses
• PMPG believes their patents are at the heart of delivering both semi and fully autonomous driving
• Current state of the art is Tesla and others where they have conditional automation, but PMPG can augment those systems from Level 3 conditional to level 5-full autonomous automation
• Needless to say we’re already dialogs with companies in each of those sectors and others that can usher the day of fully autonomous vehicles and PMPG will use their patents to do that.
• Development cycle is approx. 12 months from time when they are fully funded. They have major effort underway to secure funding.
• How big is business, pretty big. Global market for smart cities through 2025 to be 2.46 trillion, US market 326 billion by 2025, PMPG targets 200 million per year for a major smart city.
Zoom call notes part 3 of 3. I did the best I could with these Cliffs Notes but I suggest you take an hour and watch it for yourself.
• At the heart of SRT - sense, monitor, measure, analyze, apply AI, solve, partner, monetize.
• At the heart of PMPG is data, data is the currency, information is the oil of the 21st century and analytics is the combustion engine.
• In dialog Microsoft as well as other cloud companies. Data is the new oil.
• Industries PMPG is targeting
o US state county municipal road construction – focus on larger road builders
o US trucking package delivery-improve route schedule and asset tracking
o US auto insurance claim – believe they can augment process, road turtles will be able to provide data as opposed to eye witness to claims.
o US commercial real estate development
o US DOT, DHS DOE FEMA- date will be used for things like emergency material delivery
o 3rd party delivery and rideshare – enhance both
o Global digital out of home advertising
o Global outdoor industrial power supply – where do power sources get located
o Global GIS & geospatial services
o Global automotive data solution providers
• Right now Each turtle has 7 or 8 sensors, there are 13,000 sensor technology and PMPG will work with parties to know what sensor is best solution. Terrance said they have ability to add any of the 13,000 low power sensors, they will always have GPS and date and time.
• Core of what they do: emergency & safety management- SRT alerts; traffic monitoring – vehicle counts, lane speed, direction; road management- PMPG is unique among all the technologies out there, will be capable of reporting things like pot holes and crash notification; automated driving platforms – “most powerfully”, vehicle to everything technology.
• very deep technology stack
• Data is important-using Dallas as an example, nothing material at present but they are in discussions with the city. Revenue stream includes revenue share and using Dallas as an example, share to a city like Dallas would $52.9 million after one year with PMPG keeping the lions share of the revenue, $45 million each in commercial & residential tax, $53.3 million police offsets(boo hiss on this one as it could mean speeding tickets)
• Tony- on another presentation Jeffery will do a deep dive into the numbers
• If municipality wants to create smart road PMPG will partner with them to show cost and help them float bonds and partner with leading road construction firms, deploy infrastructure build-out, operations management and software data analytics.
• PMPG knows that they to partner with major companies already there for such things as cloud services like Microsoft, Google, Amazon, apple. This is part of their promise to share holders. In discussions already.
• Expand V2X patents to deliver “real time” messaging, driver in vehicle news & advertising, route confirmation, real time messaging.
• Tony – do electronic tolling violate patents-simple answer is no and they are doing things differently. Jeffery- that’s true on the toll interstate system but SRT can be used on other roads.
• Brief discussion on US infrastructure bill.
• PMPG/SRT is in Quit Period.
Tony closing & share holder questions
• 50 shares holder on line
• Not filing 10K on time- some leeway and Tony anticipates at least 2 weeks and nothing tragic will happen.
• Terry Stein – SEC giving some leeway and he anticipates no major issues as they have all the data needed.
• Speak to the TA – cost vs benefit, no plan to litigate and they will address that when the time is right.
• What is the value of the patents- based on real numbers on selling data value was really high so they based it on one city of $200 million per year using Dallas. 12-18 months to deploy, use $200 million x 50 US cities and then add in other counties and the numbers get quite high.
• Update on VHMC sale-closed on March 26 Data Co will have all share holder info, Data Co is private but info should be available at their website and PMPG will also provide when it is available.
• How long to produce revenue and how will it affect share price – based on funding to come into company it will be 18-24 months, real bulk of revenue is 24-36 months out. Took Amazon 5 years to become profitable, Jeffery was conservative, Terrance thinks it come within 9-12 months once they go into production.
