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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| Please keep in mind these are two separate independent transactions we are pursuing, which we believe provide upside potential for Inpixon shareholders as they have the ability to become part of two separate publicly traded companies |
| An electric motorbike with no gears that’s safer, that has a collision warning system, that doesn’t generate emissions, that’s cheaper to operate, is all really exciting, which is why we’re seeing such demand in our reservations |
| It’s tremendously exciting when you experience an adjustable motorcycle for the first time, especially for those riders out there who are constantly uncomfortable on a bike |
| Almost every inch of this thing has been engineered to deliver some of the highest performance ever achieved of any motorcycle in the world |
| We’ve also built an exciting brand that we believe can cause a transformation from the west out to the east, and eventually around the world |
| So, as we’ve discussed earlier and summarized here, we believe our performance, safety features, reservations, patents and thought leadership all position us really strongly for the future |
| We believe this transaction will further Damon’s initiatives in transforming the motorcycled industry with an electric motorcycle containing innovative safety and technology features as well as best-in-class performance |
| We believe this dual takeoff and landing capability will drive uptake and rapid market penetration |
| And it’s actually been really favorable for us because it’s given us quite a bit better pricing advantages |
| We believe this demonstrates a pent up demand in the market for a crossover aircraft that has the potential to revolutionize its segment of the aircraft industry |
| With an impressive 200 horsepower, 200 miles per hour and 200 miles of range Damon motorcycles are at the forefront of electric two wheelers, holding the potential to displace combustion motorcycles and poised to lead the industry into a safer, more sustainable future |
| So that makes, for Damon, a much more capital efficient way of testing and developing a whole new range of motorcycles and allowing us to rapidly take over more market share in many motorcycle segments |
| And we’re really excited about the potential to become publicly traded |
| And we have a pretty fantastic group of people on our team that I’m very lucky to be surrounded by |
| In furtherance of this objective, earlier this year, we completed the spin-off of our enterprise apps business with KINS, and we believe these two additional transactions with XTI and Damon are meaningful for the company by allowing us to enter new markets with upside potential for two separate public companies that can impact our shareholders |
| So we’re really excited about the opportunity to take real market share away from the legacy players like Yamaha, Ducati, Honda and so on |
| As a result, we’ve taken steps to execute strategic alternatives this year that we believe will aid in maximizing value for our shareholders over time |
| So we’ve been getting better costs on a lot of our components |
| Our goal with both the XTI and Damon transactions is to transform Inpixon and maximize shareholder value over time, which we believe these can achieve |
| The HyperSport is expected to be one of the safest, smartest and most powerful motorcycles available in the market, and Damon has already obtained over $85 million in pre-production consumer reservations for its motorcycle |
| But overall, we believe that this merger can maximize value for our shareholders over time |
| As a company so focused on building out the industry’s future, we think the dream of being part of our growth and success has finally arrived |
| And now that you’ve seen and heard Jay and Damon’s incredible story and how real and impressive it is, you can see why we’re doing this transaction |
| CoPilot also has built-in GPS, LTE, Bluetooth and Wi-Fi so we can ingest and store up to 500 gigabytes of data on board and transmit it to the Damon Cloud to build a safer and deliver safer and smarter algorithms back to all Damon bikes over the air |
| Tesla was the first car company to make an EV that was better than whatever car you already have in your driveway |
| So all of that know-how really lends itself to some pretty successful innovations that we’ll talk about shortly |
| So some pretty significant strategic experience and support to help the company become successful |
| Awards like the Best of the Best of Automotive Innovation by CES, CNET, Robb Report, Fast Company, Popular Science, The Thomas Edison Award for Innovation, and so on |
| Assuming the company is of course able to execute on the development program for the TriFan, secure FAA certification and deliver these aircraft |
| So I set a goal for Damon to become the world leader for safer, smarter motorcycles |
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| Our next question, isn’t it true that the EV supply chain is challenged right now? Jay Giraud So, actually, there’s been a decent drop in the demand of EVs, predominantly because we’ve seen the major OEMs like Ford and Chrysler and General Motors getting pretty beat up in the markets recently related to the auto union issues |
| And that’s resulted in quite a surplus in the EV industry with batteries and with components and with electronics and silicon and the like |
| And that’s put a pretty big halt on the production and sale of electric vehicles in a lot of their dealerships |
| The other thing that you motorcyclists out there will appreciate is that we all know that motorcycling gets pretty uncomfortable after a while |
| As I’ve mentioned on several occasions in the past, we don’t believe Inpixon is being properly reflected in the stock price or market cap and share that frustration with our shareholders |
| Given the market cap challenges Inpixon has been facing, we needed to do something |
| So how do we make motorcycling safer, and how do we improve air quality for this group of commuters that exist in these big cities that generally have a pretty poor air quality? I learned quickly on that motorcycles then outsell cars two to one every single year, annually |
| So our design is done and the major technological risks are behind us now |
| Forward-looking information involves risks and uncertainties and the stated expectations could differ materially from actual results or performance |
| Do motorcycle manufacturers have as many production and regulatory hurdles to deal with as automotive manufacturers do? Jay Giraud That’s a really important question |
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