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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| Forza X1 had a great showing at the Fort Lauderdale Boat Show a few weeks ago, and we noted enthusiastic interest in our product |
| But I think we're in a great position with that |
| And I can't speak for exactly what Polaris is thinking, but I think we're in a good position with them |
| As you can see, we're in a great position |
| We've got a great relationship |
| But we feel like it's a compelling opportunity for us, and we're in it for the long haul |
| The F22 features a beautiful Garmin user interface that displays all of the pertinent operating characteristics of the boat and also has a remarkable downloadable telematics app for remote monitoring and diagnostics and location tracking capabilities |
| We're excited about the future, and we're going to keep working as hard as we can to get our products to the market as soon as we can |
| But we are in a very good position with them |
| As you can see, it was a very productive quarter for us, and the fourth quarter started off with a bang as well |
| And we're really excited with where we are with the battery technology at this time |
| We had great support with the folks at Polaris |
| Over the course of two weeks, we demonstrated the units and successfully ran over 50 test runs with a variety of Polaris dealers, owners and management |
| The excitement was palpable and our booth was well represented with the professional sales staff of OneWater Marine |
| And we are really excited to get underway with our production for retail use |
| That's what we have in our planning right now, and we should be able to hit that |
| The products were very well received, and you can see a video about that event by searching for Bennington Electric Boat with Forza X1 on YouTube |
| Unidentified Participant Excellent |
| But we are quite satisfied with where we are with the battery technology |
| At the Fort Lauderdale show, we solidified an agreement to present two of our bots at one of OneWater's premier location in Southern California for demonstration in sales in early 2024 |
| Well, good luck |
| We appreciate everyone's support, and thank you again for joining us on the call today |
| As it gets better and safer and the battery management systems continue to develop, we feel like the -- and as the power density goes down and we also see sort of a loosening up of the cost structure of some of these batteries, we feel like as time goes on, they will become more and more appropriate to compare to internal combustion offerings |
| Have a great day |
| We have a very hard working team |
| Congratulations |
| Because of an additional funding round Forza X1 completed in June of this year of over $8 million, we will be able to build this plant without the need to finance the mortgage or acquired debt |
| Jim Leffew Thank you, and good morning |
| Jim Leffew Thank you very much |
| The Forza X1 engineering team continues to push forward with the mission of designing, developing and manufacturing sustainable electric boats that address one of the largest segments of the recreational marine space: the 20 to 24 foot sport boat market |
| Statement |
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