Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Https://theoakbloke.substack.com/p/q3-23-lucy-part-of-tek-capital?utm_source=profile&utm_medium=reader2
Well worth the read.
And a more positive outlook with much detailed reasoning.
Conclusion
Is there ugly? Yes. Were you expecting otherwise today? I wasn’t. Go back and read my prediction made in September 2023. Yes there’s ugly cash bleed in Q3…. as I predicted.
Is there good? Is LUCY heading in the right direction? Yes, there are both commercial and product progress.
Is there bad? Not so much. Delay isn’t welcome but let’s do it right, don’t do it fast.
The crucial times lie ahead. If cash burn (Operations and Investing) is above $3.3m in Q4 then there’s trouble ahead. I’m forecasting $2.7m for Q4, or better.
Enjoyed your post Agricore. I'm toying woth the idea of getting a pair. But I run out of things to ask Alexa in seconds, and fear for my mental health being so wired up to the "socials", so not sure if I'd be the right demographic.
They just are a cool product.
Here's a specific review of Lucyd's 2.0 woth Chatgpt.
https://youtu.be/DhbVmF_I6Cg?feature=shared
It's more simple than that , to ensure high levels of safety
RMCC is putting a human in the loop without the physical element on board.
Now on twitter
https://twitter.com/tekcapital/status/1719362959523172716?t=r1jEBsr1nbiXuso56B9Yng&s=19
From GUIDENT marketing newsletter this morning:
We are delighted to share significant milestones in our journey with you.
It is with great enthusiasm that we announce our Strategic Partnership Agreement (SPA) with ADASTEC, signed in Brussels, Belgium, in October. ADASTEC Corp., headquartered in Michigan, USA, boasts a strong R&D presence in Istanbul, Turkey. Additionally, they have offices in Brabant, the Netherlands, and Stockholm, Sweden. This pioneering software company is dedicated to propelling the realm of automated and connected public transportation forward.
Leveraging its SAE Level-4 Automated Driving Software Platform, flowride.ai, ADASTEC collaborates with bus OEMs globally. The integration of flowride.ai enables buses manufactured by KARSAN and Vicinity Motor Corp. to achieve SAE Level-4 automated bus operations. By combining flowride.ai with Guident's teleoperation solution, we are collectively spearheading the next phase of public transportation, adapting to the emerging needs of mobility services.
Our philosophy and commitment to deploying the safest and most efficient automated public transportation is in perfect alignment with ADASTEC, and our Remote Monitor and Control Center (RMCC) solution will see its first integration in ADASTEC's automated buses likely in Q4 2023.
The whole process is not finalised until the IPO is done.
However, people who have subscribed via Primary Bid are allowed to pull their money out due to the delay.
I've subscribed for an amount of money's worth and waiting for a company update before I decide.
Nothing has changed, yet, for me.