Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
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| The opportunity lies in selecting multiple electric motors having peak efficiencies at various combinations of torque and speed, combining multiple motors with a control system which optimizes motor selection, significantly enhances efficiency and range |
| As we review our Lending business and as we continue our search for additional capital-light asset management businesses that could be accretive to our business and shareholder value, we want to report an interesting opportunity |
| Given the enormous addressable EV market, these technology advances have significant upside potential |
| I think having Bill involved with the company in the future will be a strong addition, and he will hopefully help create value for shareholders |
| There is upside potential and range improvement |
| The Board is excited about the possibilities of the control system technology |
| As the largest shareholder with 45% ownership of the company, he has tremendous incentive to see the stock price move higher over time |
| As he will explain, this patented breakthrough technology is designed to substantially reduce energy loss and heat generation in electric vehicles, thereby increasing their range and efficiency |
| I would like to say that I've gotten to know Bill Erbey pretty well over the last few weeks and months, and I found him to be very smart, hard-working and with excellent judgment |
| The next phase of the project is prototype development and commercialization, both Richard and Mark believe that developing a protocol will significantly increase our commercial returns |
| The partner development contract demonstrates conviction in technology and commercial application by a world-class partner |
| We are reviewing multiple initiatives to address operational capacity issues, reduce costs, improve liquidity and enhance overall performance |
| The opportunity is a pure intellectual property licensing play with low capital requirements |
| No venture is without risk, but licensing IP assets designed to extend the range of electric vehicles to provide significant return to shareholders, if successful |
| I will report on positive developments in our significant legal matters, provide an update on our Lending Operations and talk about a potential new investment opportunity we are considering for the company |
| So I think that really is a great example of what we're trying to do |
| The key point is the greater the variability in torque and speed, the greater the opportunity to increase efficiency with our patent |
| To penetrate the market, we are engaged with a world-class engineering team with outstanding industry contacts with the next steps being prototype development and commercialization |
| Our test results indicate a 50% reduction in energy loss and heat generation and -- resulting in an 8% increase in range |
| The simulation concluded that for a Tesla Model 3, the patent technology will increase range by 8.4% |
| We've also worked hard to create a potential acquisition with no cash consideration today and one that only earns a return for the seller if AAMC stock enjoys quite oversized returns |
| Good afternoon |
| Charles Frischer Thanks |
| Well, thanks for being proactive about that |
| Statement |
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| Our fix and flip, construction and other lending programs have not achieved profitability as fast as initially anticipated |
| And the vast majority of the revenue would drop down to the bottom line |
| The two greatest challenges of electric vehicles are range and heat dissipation as corroborated by both Elon Musk and Peter Rawlinson, the CEO of Lucid Motors |
| Outside that range, efficiency and hence range declined rapidly |
| The existing motors are very inefficient in low torque and speed conditions |
| The principal challenge of electromotive vehicles is their lack of range, which is caused by electric motors having an eye of high efficiency or over a narrow range of torque and speed |
| I will tell you, Jeff, that it's just -- we are in this position because the Lending Operations, as you can see by our quarterly results, wasn't meeting our expectations, and we're being proactive in trying to make adjustments to make it profitable or to make the decision what to do with the operation in its entirety |
| As described under Risk Factors in our annual report on Form 10-K, forward-looking statements are subject to a variety of risks and uncertainties that could cause the company's actual results to differ from its beliefs, expectations, estimates and projections |
| We have also opposed a motion to dismiss our separate action in USVI Federal Court against Luxor Partner and former AAMC Director, Nathaniel Redleaf, alleging breach of fiduciary duty to AAMC |
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