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Charging stations for electric cars are few and far between and people power co founders -- -- Stephen monks say it's one major reason why companies are pumping the brakes when it comes to going election.
There here today to discuss keep us technology.
That pulls the plug on charging stations.
Thank you so much for joining me here that I think your.
Thank you for having us you can that at Columbia University how did you become interstate electric vehicles.
Yes so the story goes I was in Baghdad it's an -- -- -- later.
And after many close calls that a decision -- the military.
And really focus on to anything occurred to Franklin reduce our reliance upon us.
So I went to Columbia with that and focus.
And started looking through sustainability.
And how can we can really do that especially in urban rich area it's like -- Well I -- to Columbia to -- energy in particular but I was on the look out for team that was going to be something amazing.
I didn't want to leave my pastoral existence and southwestern deserts her for no reason for German I became quick friends we are involved a lot of energy projects that school.
-- -- -- to great report.
And I shared his vision something -- to point out.
Very well he -- goal is to provide wireless charging stations for electric vehicles -- how exactly does that work.
Realize it proprietary technology.
This problem let's remember that residents.
Actually was developed by a world class team of engineers and one -- alongside with our engineers.
And what we have found is that we are able -- vehicles at the same comparable rates as -- -- states it's.
At the same efficiencies as -- instance it's.
And virtually we can do in -- to vehicle in the market.
-- -- -- -- -- -- Mr.
FitzGerald with the major probably looked and talked to commercial fleets like.
You medium you trucks and see whether it's brutal way Pepsi Coca-Cola.
Very serious problems with these plug -- stations and there's four main main problems in particular drivers forget the plug and all the time.
For ourselves the -- back into the kiosks -- units there's vandalism after the units themselves.
And sometimes we have faulty put -- connectors and he's been damaged vehicles with average repair cost of 40000 dollars.
So there are a lot of inconveniences and what we've done is to -- the system that resolved those performance and safety hazards.
You mentioned that -- is working with and why you Polytechnic.
Can you tell me a little bit more about that relationship.
Absolutely so we have a call it joint development agreement so we work hand in hand with you know over -- engineers and -- college golf technology.
So they spearhead the research working side by side for -- -- it something that's commercial commercially ready.
School is excellent to work with they love the sport entrepreneur orders they love to support and patient health and outlook for the city so we have a team that's -- personally.
And our success.
And then -- and you actually purchased any of these -- -- tracking stations.
They are our first customer so.
To the point that they have or really hurts too and those are going to be going on to too Smart electric vehicles that have been converted to -- -- -- And is part of -- new roll -- strategy for Smart.
In addition to that they're going to be located at Washington square.
So very public very public in an area where we can get people to be -- see how this has happened.
And and really take in essence take a view of what's the next stage four for.
Terms how has and why you've been using electric vehicles are at it.
That they haven't death and these are going to be the first electric vehicles they're buying in order to use your technology that's right that's quite the investment it's quite.
Investment but they see investment in the future they've had quite a bit of problems in the past with resiliency.
-- and -- brought that I was at the forefront for a lot of people in this.
So when you -- tech companies like.
Relay for a select.
-- all these guys.
What to do right now is their transition over to visit these because they see -- as part of -- not just sustainability.
Our platform but also the resiliency.
And how many electric vehicles are being used an urban areas right now in our case and police -- what we see is that right now has about 60000.
Different types -- classes -- lesser vehicles and models that are out there and in terms of total fleet numbers.
But and this city alone.
These kind of box truck then men and medium duty vehicles that are being used in the city.
You -- a little bit over under right now in your city and quite a few mourners Chicago -- New York.
Our society LA and substance.
Lastly you're focusing on the commercial market right now do you foresee -- I'm moving more toward consumers.
Is quite adaptable.
Because of the technological problems solved and trying this.
Bring a real solution commercial things we can charge is cleaning out there and we you know you have markets really -- -- -- going from.
Loading docks the parking lots.
-- -- -- -- -- -- We're trying to do is build a community where there's no more sports -- orders.
And envisioning where that is gonna look like in terms or sustainability -- -- -- push forward to him in the moment.
Well thank you so much for joining hear that thank you experiments for foxbusiness.com.
And every out --
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