Hello, we got an interesting question recently and we thought that we'd also post it as an update for you guys. Here is the question,
"You position yourself as a Robotics company versus a Suitcase company. What is on your roadmap for development over the next 1-3 years? Where does IoT, 5G, or LEO Satellite fit with future developments? Do you intended to manufacture autonomous suitcases long-term or do you intend to either license the technology or perhaps even divest that portion of the company to a manufacturer that would view it as a strategic acquisition? I'm trying to understand the core focus of the business and what comes next."
And here's our answer, "I really appreciate the questions that you wrote. We rarely get these types of questions, even from the media, so I want to give you a more in depth reply.
Travelmate is a robotic assistant first and foremost. It is the perfect base to expand upon – it's basically like an R2D2 that can also carry your stuff. We intentionally developed Travelmate robots with smartphone integration. This way, we can always update the robot and it helps to future proof ourselves. Not only that, but since our patent covers any robots that have smartphone integration and use smartphones to follow you, the applications for this technology are much wider.
Right now, our immediate goal is to scale to a minimum of 5k production per month by purchasing necessary long lead time inventory and fulfilling the existing demand for our robots. For our main Travelmate robots, we plan to continue supporting them and adding more functionality through software updates via the app. In addition, we plan to provide accessories for users, which will provide us with additional revenue.
Afterwards, our next step is to launch different robotics projects that we have worked on. We have developed and are in the process of developing prototypes for robots specializing in different fields. For example, we have prototyped a robot that will carry sports equipment for you (ie things like golf bags). We also plan to introduce two types of medical assistant robots for use in the home and in medical settings. These robots will be able to carry stationary equipment that would otherwise be very cumbersome for patients and medical providers alike. The other type of robot will be a general all purpose nurse assistant that can check the person's vitals and send medical data to their doctor.
We also want to have a budget version of a self moving suitcase, that would not be fully autonomous, but would just be able to move on its own with user input. This would be significantly cheaper for consumers. For this model, we want to license out the technology to existing luggage manufacturers, as these would be much easier for them to assemble.
We plan on licensing certain technologies and robotics developments that we have made, whilst manufacturing and selling things like Travelmate Robots ourselves. For example some of the technologies that we have developed can be easily applied to shopping carts and airport trolleys
Technologies like 5g are certainly big disruptions in their own right, but they will not really change our plan of action in any significant way. Travelmate doesn't use an internet connection to follow you, so 5G wouldn't make a difference in that sense. We will make sure to keep updating the app to be compatible with newer phones.
In terms of Internet of Things (IoT), I believe that in order for consumers to adopt robots and have them become another part of their everyday lifestyles, they need to integrate with existing technology. Robots are not some disconnected thing and treating them as such will get us nowhere. That is why our robots are an ecosystem between smartphones, smart gadgets and robotics. This integration can go even further. In the future, you can imagine that Travelmate can connect with Alexa or your smart home. You'll be able to tell your robot to change the temperature or have it make a dinner reservation for you. This may seem far fetched, but it's not difficult to do from a technical standpoint. In fact, we already have approval for Alexa integration and will add it to our robots in the near future.
For low earth orbit, my opinion is if Elon Musk can launch a roadster into space, then we can launch a Travelmate into space. There's no practical reason to do so, but if the opportunity presents itself, I wont say no."
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