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Good morning Grid Connections listeners and welcome back to Grid Connections podcast, the
official podcast of Grid Connections Consulting, where we discuss all things from clean

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energy to electric vehicles and the power grid connecting all of them together.

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In today's episode, we take to the water with David Tyler, managing director of North
America Artemis Technologies, a pioneering company bringing high speed electric hydrofoil

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ferries and commercial vessels to more people.

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Spun out of the America's Cup racing world, Artemis is leveraging cutting edge aerospace
and EV tech to transform maritime transit with quieter, faster, zero-emission

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alternatives.

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We dive into how these e-foiler vessels drastically reduce energy use, eliminate diesel
fumes,

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and bring new life to urban waterways and cities like San Francisco, New York, and beyond.

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From real world deployments and reliability engineering to fast charging maritime
infrastructure and the potential for smarter, more frequent ferry service.

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This conversation is packed with insight for anyone interested in the future of
sustainable transportation.

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If you enjoy this episode, please share it with someone else who's passionate about clean
mobility and leave us a quick review wherever you get your podcast from.

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Plus, don't forget to sign up for our new newsletter using the link in the show notes to
stay connected with the latest insights in the intersection of electric vehicles,

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infrastructure, and innovation.

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With that, enjoy.

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definitely great to be here.

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Artemis Technologies is a leader in the electric foiling commercial vessels and we're
actually a spinoff from the Artemis Racing America's Cup Challenge.

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We were competing in high performance racing, sailing these amazing catamaran, sort of
going four times the speed of the wind, 60 mile an hour, and a huge jump in terms of

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efficiency and technology within high performance racing.

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And so we founded Artemis Technologies back in 2017, ready to bring that technology from
high performance racing into the commercial maritime segment.

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That's awesome.

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I guess for those who might not be familiar, let's even peel it back a little bit.

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What is the America's Cup?

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Just in case people listening are not familiar.

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Yeah, I guess the America's Cup is kind of like the blue ribbon event of inshore yacht
racing.

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guess it's kind of a lot of people say it's the Formula One oh of yacht racing.

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So generally it kind of competes every three to four years, travels around the world.

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And it's really a technology challenge, very much like Formula One motor racing.

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Each time there's America's Cup, there's a new design rule.

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And basically that sets the parameters of the competition.

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And then there'll be a number of entries from different countries across the globe
competing to win this title.

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And so that's traditionally a really famous, really impressive.

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mean, you're totally right.

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I think a great analogy is kind of formula one for the sailing world and for what you guys
are doing.

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What, what can, like, how did it come from that to the foil and every, mean, there's a lot
of different, really cool technologies in your product.

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So, um, I guess let's kind of break down what makes not only is it electric craft,
obviously, but like, what is the different technologies that makes it really stand out

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from like traditional.

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I think for a lot of people, especially from the North America side, uh I live in the
Northwest.

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So taking like a ferry is nothing like unused, like going to the islands and stuff.

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But there might be a lot of listeners who aren't as familiar with how that kind of plays
into and how important electrification.

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And then also some of other technology that you're putting into it that really makes it
even more efficient as having such a big impact on this product.

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Yeah, we have, as you say, we have this e-foiler technology, which is like a really
combination of a number of different subsystems.

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And the fun that the kind of game changing technology within that is hydrofoiling.

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For those who don't know what that is, a hydrofoil is basically a wing under the water.

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So it's very much like an airplane.

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So as a boat starts to accelerate, creates lift, pops a boat out of the water.

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And by flying up other ways, we're reducing the friction or reducing the drag.

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And that's really important when you're looking at electrification, because it means for a
given volume of energy storage or battery, size of battery on board a boat, we can go

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significantly further and faster.

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So what we did as a company was really take those efficiency gains created through
development of foils in that high performance racing segment and bring them in commercial

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maritime.

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Because uh as you're very aware, people

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have concerns about range anxiety around electric vehicles.

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But that's even worse with boats.

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Water is 800 times denser than air.

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So simply putting in batteries in a standard vessel, like thinking about, I'm here in New
York, and I see ferries running around.

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Putting batteries in those boats, they're significantly impacted in terms of the range
that they can deliver and the speed of operation.

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So fundamentally,

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electrification in that basic form doesn't really work for high speed boats.

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And so what we've done is brought that hydrofoiling technology to effectively increase the
range and operation of electrification of high speed vessels.

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And so for, guess I really want to talk about what's interesting about how you're
obviously leveraging the hydrofoil technology, but how is Artemis like really helping with

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improved commuting and what, what does that kind of, for people who maybe take a ferry and
especially I'd love to see more of these in the Northwest because the ferries here,

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they're pretty big, they're pretty slow.

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They're very noisy and they're very smelly.

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So I think there's a lot of really cool things.

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I'm excited with what your technology has to offer.

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Yeah, there's lots of benefits and maybe I'll talk a bit more about the other tech.

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So we have the foiling by flying above the waves really reduces the kind of effects of
seasickness and the accelerations that people might feel.

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So it means it's a far more comfortable and enjoyable ride when you're on board.

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The eFoiler system also has an electric propulsion unit, which is kind of integrated into
the foil under the water.

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So the boats are a lot quieter.

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And because it's completely electric, there's no diesel fumes.

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There's that vibration from the noisy diesel engines that you're used to.

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And also the boats can operate at higher speeds, particularly in sea states.

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So it means that your high speed or your ferry commute in the morning could be
significantly faster and quieter and more enjoyable.

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So far, how is the industry in your conversations really embracing this?

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know hydrofoils in some ways have been around or they're really big for some products
previously in the maritime space, but that plus electrification, I'm curious to see or

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hear more about what you're seeing from the market.

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It's certainly been a journey.

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We've been doing this now for seven years.

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I think my answer to that question five years ago would be very different to now.

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I would say that we're kind of taking a big leap forward because we're combining
electrification with hydrofoiling.

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think five years ago, I think maritime was, I'd say it's probably quite an old fashioned
industry.

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Probably

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quite skeptical of new innovations, complete opposite, I'd say, to the automotive sector
or even aerospace, where they're always trying to push the boundary.

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They want the newest technology and they don't want to fall behind.

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Whereas the kind of approach within maritime and, you know, a public ferry operator or a
pilot boat operator, they're like, oh, not me.

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I don't want to be first.

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You know, they want to see it, make sure it's working, it's reliable.

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And so trying to talk to customers about this novel technology when we first started was
quite tough.

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I always like to talk about a good friend now who's based in Belfast Harbour where the
company is based in the UK.

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They've run pilot boats and they were really kind of sceptical of the technology and what
we were doing.

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And it was only once we launched the first vessel three years ago that they were kind of
like, oh wow, I get it now.

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That's absolutely incredible.

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It's going to completely change the way we do our operations.

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And I think that's a bit of a journey that we've been on.

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We've launched over 10 vessels an hour, we've been on the water for over three years and a
critical thing for getting the market to embrace the technology is really taking it to the

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market.

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So we're in the middle of a North American tour, taking our boats around the US and now
Canada, to Miami, New York, San Francisco, Seattle, these places where there are big ferry

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networks and people really do rely on those vessels to get to work for Lifeline services.

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and just really to live their everyday lives.

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I think once seeing the videos is one thing, but actually getting them on board, just, you
know, they're completely blown away by it.

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Yeah.

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And I think that was one of the reasons I was really excited to talk to you and your team
is there's been so many different prototypes, whether that be automotive or even electric

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maritime.

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And so it's really cool to see a company that actually has a product that's brought to
market.

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You already have some out there now kind of expanding that, but let's kind of, guess, uh,
I think there's, we're also really curious about like the infrastructure to charge these

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and how that works, but let's, let's just start kind of with, the products that you're,

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team is offering and how you see kind of the hydrofoil and electrification technology kind
of expand from what you offer today and then what you're looking to hopefully expand

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longer term.

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So we've really developed these e-Fuller boats for operations that need to move people or
goods fast.

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it's high speed passenger ferry services in places like San Francisco, New York, London
that are getting people to work.

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It's pilot boats that operate in ports and harbors that need to get pilots out to big
ships so they can safely navigate them back into port.

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It's crew trans-sub vessel operating.

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offshore wind farms and providing crew services out to offshore energy platforms.

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They're kind of the critical target markets for us.

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We really wanted to develop a technology that could really support society and support
those operations needed for us all to either to live in our cities or to get the jobs done

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and or to create the energy that we're going to need as a society.

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I think there's kind of a lot of exciting additional benefits of the tech.

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So one of the things is because we're flying above the water,

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We produce very limited wake or kind of water wash when we're operating at high speed.

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So that means that we can avoid local speed restrictions or we can operate at high speed
in places that weren't possible before.

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So that really opens up the opportunity for new services.

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The boats as well, because they're very quiet as well, it means that where ferry services
maybe weren't able to operate in locations or weren't able to start early in the morning,

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they can today because it's completely game changing.

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But also because we're using so much less energy, because of the drag and the efficiency
is so much better, it really changes the economics of high speed operation too.

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So it makes certain ferry operations that weren't um economically viable before viable
today.

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Yeah, let's go and pack a little bit.

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uh obviously the speed component is what really plays into kind of some of that.

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But I would imagine obviously for a traditional vessel, the diesel and all these other
things just cause the expenses to skyrocket and possibly maintenance for kind of a vehicle

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that's probably under kind of stress like that.

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Can you talk a little bit about that?

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And then like, what kind of speeds are we talking about for these boats compared to maybe
traditional ferries?

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The boats operate between 25 knots and 35 knots, which I would say is quite typical.

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But I think the challenge with high-speed ferry services, the power curve for a fast ferry
is basically exponential when you go from 25 knots here up to

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sort of 35 knots, so it becomes very expensive to operate at those high speeds.

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And that's part of the reason why a lot of the ferries don't do that, just because
economics don't work.

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But the big benefit of our technology is once we kind of take off and we have kind of a
very flat energy demand as we sort of get up to those 35 knot speeds.

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So it means that, yeah, we basically, using our technology operator will be able to
increase the speed of their operations.

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And that can be a real game changer because even here in New York, I'm based in the
Brooklyn Navy Yard.

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If you miss your ferry, sometimes you have to wait 40, 45 minutes, an hour for the next
one.

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But if we could be going almost 30 % faster, providing more services to people, will
really start to, you know, will really start to come a real alternative to using the buses

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or the subways because people know that if they miss one, they haven't got to wait too
long to the next opportunity to travel on the ferry.

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Yeah, I think that's a great call out.

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So it's not just really the speed of the ferry itself, but it's actually kind of helps
with the frequency and kind of the traveling.

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If you're trying to plan to use one of these, I guess the next question would be like, I
know with some of the larger kind of slower traditional electric ferries, they pretty much

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just, they have this really unique charging pad that kind of just comes up against the
side of the wall and more or less kind of wirelessly charges.

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It depends on the model, but for some of them, that's how it charges.

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when it comes into the port for people to get on and off.

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then by the time it's loaded, it's charged again to go.

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So I think we'd be kind of curious to learn a bit more about how charging works for an
Artemis vessel and what that looks like for an operator to kind of implement if they maybe

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don't have something in place today.

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Yeah, we are really leveraging technology from the EV space.

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the batteries, we developed our own battery and we're using cells from an automotive
supplier.

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And we're also leveraging the technologies developed for electric vehicle charging.

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So on the F12 range, there's two options.

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You can do a fast DC charge with a CCS2 connector, or you can do a slow AC charge as well.

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And then with the bigger F24 or the bigger 150 passenger ferry platform,

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going to be utilizing the MCS standard connector.

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It will be able to charge up to 2.9 megawatts.

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So for both vessel platforms, it is a case of using one liquid cooled cable and being able
to charge the vessel from flat to full in an hour.

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wild.

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And I guess how what right now is the range of a vessel because I mean, I'm sure you say
it takes an hour to fully charge it.

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But a lot of the time you probably don't need to fully charge it just taking advantage of
when it's right there in the port.

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Yeah, exactly.

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It depends on your timetable and your duty cycle and how you're using the boat.

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We have a range on the smaller boat of around 40 to 50 nautical miles, kind of high speed,
foiling speed.

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So generally, the most efficient operation is around 25 knots for that platform.

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But if you're going six knots, you can go almost double that distance going slowly.

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And then with the EF24 platform,

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we're able to get a bit more range out of that boat because of the size of the vessel, a
big Academy round.

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And so we're able to foil for around 17 nautical miles at 25 knots.

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So that means that you can go for two hours foiling continuously pretty fast.

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And that's great for operations like commuter ferry services because generally they have
to get through that busy rush hour period in the morning.

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during the day, they're generally quieter, so there's opportunities to do longer charges.

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So when we model operations for customers, generally you're kind of, you know, you're
delivering a service, you're intermittently charging when you're embarking and

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disembarking customers, so you can keep the battery topped up, and then you're using a
longer charging window in the middle of the day to make sure you're fully charged by the

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time that busy rush hour period comes in the afternoon, early evening.

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Yeah, I think there's some really interesting things that kind of unlocked with this
product and there's a lot of other products you're looking to bring to market.

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So I'd love to talk about those too, but uh I guess to start since we've been talking
about specifically kind of the ferry model, like what are some like waterways or other

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potential markets that you think maybe have been underutilized that now leveraging this
technology and this product at some of the operational costs that this really unlocks.

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I think there's been a general movement to utilize waterways in a better way.

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know, San Francisco is particularly hard to talk about that because we are based there,
that's where we're really developing this America's Cup technology.

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I was based in

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based in downtown San Francisco and I used to commute on the ferry over to Alameda where
we had our America's Cup base.

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Where the geography makes sense, like in San Francisco, they're really looking to try and
build that ferry network to try and connect new communities.

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As San Francisco is getting busier busier, new residential communities are getting built
outside the city.

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There's a lot of traffic obviously going down to San Jose and Silicon Valley.

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And really the kind of road and rail networks are oversubscribed and the cost of putting
in a new rail service or putting in a new bridge there is astronomical.

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And so the fastest and cheapest way to add capacity is to put on new ferry services.

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And that's something that San Francisco Bay ferry or WETA have really seen and that's
their vision over the next few years is actually to try and expand and find more

191
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opportunities and a better ferry service for these people.

192
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And I think they...

193
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public announced only last week that the ridership has bounced back after Covid.

194
00:18:11,373 --> 00:18:16,427
They've got increased ridership, the biggest ridership they've ever had.

195
00:18:16,427 --> 00:18:21,870
uh Bigger than the pre-Covid peak.

196
00:18:21,951 --> 00:18:25,153
I think people like taking the ferry, they like being on the water.

197
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You can get your laptop out, you can have a coffee, you can sit down, you can relax.

198
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And it's a really enjoyable experience.

199
00:18:31,838 --> 00:18:34,520
We talk about the ferry factor.

200
00:18:34,560 --> 00:18:39,824
And it's not going to work for everyone, you need to, it needs to make for you in terms of
where you live or where you work.

201
00:18:39,824 --> 00:18:49,571
But it can be part of the solution when cities are looking to try and decongest their
roads and rail networks for the right cities like San Francisco and New York.

202
00:18:49,571 --> 00:18:51,172
It really does make a difference.

203
00:18:51,695 --> 00:18:56,678
Yeah, I used to go to New York quite a bit for work, but then also lived in the Bay Area
for a little bit.

204
00:18:56,859 --> 00:19:03,943
And uh driving the 101 is definitely something that I dreaded.

205
00:19:04,604 --> 00:19:10,668
And so what I think is really cool is personally, I'm actually working to get my pilot's
license.

206
00:19:10,668 --> 00:19:19,074
And so I think when people talk about like new transportation opportunities in the Bay, I
think the thing that's come up a lot are like EVTOLs.

207
00:19:19,074 --> 00:19:21,555
And personally, I think those are really cool.

208
00:19:22,712 --> 00:19:24,812
Okay.

209
00:19:25,309 --> 00:19:33,132
And I think especially for what you're talking about, like when you're, you have a fairy
like this, especially if you're trying to go from like the East Bay or Southeast Bay and

210
00:19:33,132 --> 00:19:40,635
with the speeds you're talking about this to me, I think there's definitely an argument
for like Evie tolls in certain areas for like point to point.

211
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But as far as like a commuter thing, the idea of like hundreds of these Evie tolls kind of
going in the air in the morning and then the other way in the afternoon, I just don't

212
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think it's like,

213
00:19:50,503 --> 00:19:52,543
realistically the most practical.

214
00:19:52,743 --> 00:20:01,183
But I think that was part of the reason that I was so interested to talk to your company
too was not only do you have a real product that you're actually kind of already

215
00:20:01,183 --> 00:20:09,263
developing and getting out in the real world, but it actually makes sense from that kind
of commuter argument that I think has been one of the bigger proponents for like the EVTOL

216
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space.

217
00:20:09,923 --> 00:20:12,243
And you can actually do this at scale.

218
00:20:12,243 --> 00:20:18,543
And there's just a lot more flexibility without having to come up with all the additional.

219
00:20:38,909 --> 00:20:40,511
Yep.

220
00:20:40,511 --> 00:20:46,765
effective way to increase sustainable public transit

221
00:20:47,279 --> 00:20:48,189
Yeah, definitely.

222
00:20:48,189 --> 00:20:55,812
And I think when we're talking to public transit agencies in particular, they're looking
at a suite of public transport nodes.

223
00:20:55,812 --> 00:20:58,253
And EVTOLs are certainly part of that conversation.

224
00:20:58,253 --> 00:21:01,295
But I think you struck the nail on the head there.

225
00:21:01,295 --> 00:21:09,308
It's just in terms of the cost of infrastructure, the availability of land to actually
have these helipads or EVTOL pads as well.

226
00:21:09,308 --> 00:21:11,968
and landing sites, that's one challenge.

227
00:21:12,168 --> 00:21:26,208
So from a CAPEX cost perspective, I think our product really is exciting for people
because particularly when comparing to traditional fast ferries that are around today, the

228
00:21:26,208 --> 00:21:34,708
technology is a bit more expensive to buy, but you're saving so much on fuel because we're
using anywhere between 70 and 90 % less energy.

229
00:21:34,848 --> 00:21:38,062
So if you're talking about the ferries in San Francisco or New York.

230
00:21:38,062 --> 00:21:41,413
we're saving seven figures a year of fuel generally.

231
00:21:41,973 --> 00:21:45,374
So means that the payback can be within a few years.

232
00:21:45,494 --> 00:21:57,308
And because the total cost of ownership is so much less, we're actually talking to
operators about expanding their services and expanding their fleets, but also looking to

233
00:21:57,308 --> 00:22:04,910
try and, you know, some of these bigger ferries, they're quite busy in the morning, but
then they're actually quite empty during the day.

234
00:22:04,910 --> 00:22:09,882
and you're carrying that cost of having that big vessel all the way through the day, which
is incredibly expensive.

235
00:22:09,882 --> 00:22:20,046
the cost per passenger mile for those midday trips is kind of, know, it's kind of
astronomical really.

236
00:22:20,046 --> 00:22:21,617
It doesn't really make any sense.

237
00:22:21,617 --> 00:22:31,211
But by having a fleet of 150 passenger ferries, having those available to you during those
busy rush hour periods and then being able to take them out of service during those

238
00:22:31,211 --> 00:22:34,392
quieter moments can really change the game in terms of cost.

239
00:22:35,147 --> 00:22:38,410
And that's cost of the tax pay which obviously benefits everyone.

240
00:22:39,355 --> 00:22:39,545
Yeah.

241
00:22:39,545 --> 00:22:49,540
And I think with the other interesting things too, I know we haven't really discussed this
at all is given what you're talking about, about the scale, the cost of operations and

242
00:22:49,540 --> 00:22:59,394
that flexibility to me, there's actually also kind of like a decent kind of software
logistics play with this too, where you could start kind of leveraging more live data.

243
00:22:59,394 --> 00:23:06,247
Like, okay, I'm just going to throw something out like Oakland to, uh, San Francisco in
the mornings really busy, but then

244
00:23:13,863 --> 00:23:15,964
Okay.

245
00:23:16,036 --> 00:23:21,478
could be doing San Francisco to, don't know, somewhere, somewhere else.

246
00:23:21,618 --> 00:23:28,681
And is that something your team's also kind of looking at of like how to kind of, I think
that's what's been really interesting.

247
00:23:28,681 --> 00:23:31,513
The automotive space is, has there been a lot of hype?

248
00:23:31,513 --> 00:23:32,403
Yes.

249
00:23:45,984 --> 00:23:47,018
you

250
00:23:47,018 --> 00:23:54,583
when right now we could actually be putting it to work over here for X, Y, Um, is that
something that Artemis is also kind of exploring and looking at?

251
00:23:54,714 --> 00:24:04,541
Yeah, it's in conjunction with operators because they have their different opportunities
and challenges locally.

252
00:24:04,921 --> 00:24:14,658
as an example, the ferry could be used to provide commuter services in the morning, but
then provide whale watching during the day and actually act as a tourism vessel.

253
00:24:14,658 --> 00:24:17,210
And then you're utilizing that asset the whole time.

254
00:24:17,210 --> 00:24:20,672
So I'd that's kind of one example of what you're alluding to.

255
00:24:20,976 --> 00:24:27,438
So it's kind of like a follow on from, you know, we shouldn't be, we shouldn't be
operating this big boat with 10 people on it.

256
00:24:27,438 --> 00:24:29,182
It's just costing a fortune.

257
00:24:29,182 --> 00:24:30,563
Let's go smaller.

258
00:24:30,563 --> 00:24:32,374
Let's provide more frequent service.

259
00:24:32,374 --> 00:24:45,593
So instead of getting 600 people to come and park their cars all at once and cause chaos
in the car park, why don't we have, you know, 350 passenger ferries and leave every 15

260
00:24:45,593 --> 00:24:47,254
minutes rather than every hour.

261
00:24:47,254 --> 00:24:50,156
And that's just going to speed up everyone's travel time.

262
00:24:50,266 --> 00:24:52,658
and reduce the costs significantly.

263
00:24:52,658 --> 00:24:59,984
So we're having to talk with these kind public transit agencies to maybe rethink their
models.

264
00:25:00,305 --> 00:25:07,341
But also we have to talk to them about the way they procure their vessels and their
technology as well.

265
00:25:07,341 --> 00:25:17,539
Because I think traditionally there would be a tender for a boat and it's kind of, know,
there'd be probably a price battle on delivering a passenger ferry because really the

266
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technology.

267
00:25:19,292 --> 00:25:23,735
You know, you couldn't really tell much difference between a lot of the ferries that are
available in the market.

268
00:25:24,477 --> 00:25:31,683
But there's a difference with our proposal because we're a little bit more expensive, but
then you've got to look at the potential OPEC savings over the lifetime.

269
00:25:31,683 --> 00:25:34,645
So you really need to look at the whole big picture approach.

270
00:25:35,526 --> 00:25:38,218
And that's an education piece which we're doing at the moment.

271
00:25:38,705 --> 00:25:39,675
For sure.

272
00:25:39,675 --> 00:25:50,633
I guess that brings up a question I have is with the hydrofoil and this is my ignorance, I
guess on the product specifically, is that fixed or is that something that actually goes

273
00:25:50,633 --> 00:25:51,093
down?

274
00:25:51,093 --> 00:25:57,647
the reason I'm going to ask this is does that impact the slips in certain spaces that the
ferries can go into?

275
00:25:59,202 --> 00:26:06,197
Yeah, on the EF12, on the smaller boat, the draft is 2.2 meters, about 7 foot.

276
00:26:06,358 --> 00:26:10,492
So generally that boat can get into almost every marina, I'd say.

277
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2.5 meters is typical.

278
00:26:14,205 --> 00:26:19,208
And so there is the option of a trastical system on that boat.

279
00:26:19,609 --> 00:26:24,503
But generally, we try and advise customers not to have it because it's another mechanic.

280
00:26:24,503 --> 00:26:27,974
They're always complaining about service and maintenance, access to parts.

281
00:26:27,974 --> 00:26:29,064
costs over the lifetime.

282
00:26:29,064 --> 00:26:35,027
So what we wanted to do was try and create a product that was rock solid and really easy
to service and maintain.

283
00:26:35,207 --> 00:26:43,630
So on our standard EF12 with the fixed system, we just have the drive unit, which is
integrated into like a nacelle right next to the propeller.

284
00:26:43,630 --> 00:26:46,672
So there's no drive shaft going on the vertical structure of the foil.

285
00:26:46,672 --> 00:26:52,294
It's just the cable going up the vertical into the power electronics and then obviously
into the batteries.

286
00:26:52,474 --> 00:26:58,126
So we wanted to get as many of the mechanical systems out of that boat as we could.

287
00:26:58,840 --> 00:27:05,303
And then on the bigger ferry there, you the bigger boat, you want to be able to operate in
bigger sea states.

288
00:27:05,684 --> 00:27:08,205
that has a draft of around three meters.

289
00:27:08,465 --> 00:27:14,428
So in the majority of places, again, New York, San Francisco, there isn't really an issue
with that draft.

290
00:27:14,428 --> 00:27:22,262
But in places maybe in the Caribbean where there are draft challenges, then there is the
option to have a retractable system.

291
00:27:23,899 --> 00:27:24,540
No, that's great.

292
00:27:24,540 --> 00:27:36,072
guess, uh are there any other examples, kind like what you were just talking about, of the
motor placement, that how your team's kind of designed for really trying to make the boat

293
00:27:36,072 --> 00:27:40,015
as simple and kind of as reliable as possible that you can share with us?

294
00:27:41,638 --> 00:27:45,652
of what we've done in terms of the development of it.

295
00:27:48,060 --> 00:27:56,066
Well, think that the main one really is that having a submerged drive unit so you don't
have to have that drive shaft.

296
00:27:56,066 --> 00:27:58,209
That's really the critical one.

297
00:28:00,451 --> 00:28:07,278
I think in terms of the general benefits of electrification versus a nice combustion
engine.

298
00:28:07,278 --> 00:28:12,803
we're kind of getting all of those benefits in terms of service and maintenance, number of
hours.

299
00:28:12,803 --> 00:28:14,644
um

300
00:28:17,028 --> 00:28:25,522
I kind of, yeah, leveraging those kind of huge jumps and technology games within that
space over the last sort of 20 years.

301
00:28:25,522 --> 00:28:31,174
So the battery technology, the drive unit technology, we're kind of building on that
experience.

302
00:28:31,855 --> 00:28:34,135
And yeah, it's,

303
00:28:35,217 --> 00:28:37,088
I was just kind of speaking of the battery technology.

304
00:28:37,088 --> 00:28:40,491
mean, is that what's really unlocked a lot of this?

305
00:28:40,491 --> 00:28:47,536
mean, is this with the advances we've seen, is this something that wouldn't have been
possible five to 10 years ago?

306
00:28:47,536 --> 00:28:56,382
Or is it that because I think it's really interesting because I get a lot of questions,
especially the automotive side about the battery technology.

307
00:28:56,382 --> 00:29:04,377
And as the battery technology has increased in density, energy density, yes, that's
unlocked more and more capability.

308
00:29:04,475 --> 00:29:09,500
but for the longest time, there's actually still been a pretty large opportunity for
electrification.

309
00:29:09,500 --> 00:29:18,948
And I think it's really interesting talking about how your team has taken advantage of the
battery density, but more importantly, paired that with hydrofoils to really get that

310
00:29:18,948 --> 00:29:23,032
gain, like higher efficiency and make it a much more usable product.

311
00:29:23,032 --> 00:29:29,758
I mean, is that, do you see the battery being still a pretty big limiting factor or was it
really once the hydrofoil was,

312
00:29:30,801 --> 00:29:37,583
just kind of from day one in the design, the batteries weren't really as big of an issue
as maybe it traditionally has been for maritime products.

313
00:29:39,058 --> 00:29:45,892
Yeah, think the big jump in efficiency and reduction in drag from the foils is the really
game-changing part of this technology.

314
00:29:45,892 --> 00:29:50,623
I think we're always trying to improve the energy density of the battery.

315
00:29:50,643 --> 00:29:53,454
So we have a technology roadmap to integrate

316
00:29:53,724 --> 00:30:07,444
new cell technology, new cell chemistry as it comes to market because we can deliver
certain routes today, as I said, 40, 50 miles, 70 miles on the bigger ferry, but in the

317
00:30:07,444 --> 00:30:10,884
future we'd like to be able to serve as 100, 150 miles.

318
00:30:11,044 --> 00:30:16,384
And so that's only really going to come as battery technology really starts to improve.

319
00:30:16,524 --> 00:30:21,564
In the last couple of years, we've seen attempts in increase, I'd say, in energy density.

320
00:30:21,564 --> 00:30:23,624
So there's been some incremental

321
00:30:23,790 --> 00:30:33,547
improvements over time and I think they're going to keep coming and we'll look to
integrate that latest technology into the solution but the fundamental is that the foiling

322
00:30:34,308 --> 00:30:47,147
has kind of been a game changer for electrification of high-speed boats and even in the
future as batteries become more energy dense you know what operators are looking at today

323
00:30:47,147 --> 00:30:52,310
you know they have the infrastructure availability for doing one boat, two boats, three
boats, a small pilot

324
00:30:52,572 --> 00:31:00,952
When you're in New York and you've got a fleet of 38 vessels and you start looking at the
kind of infrastructure required, you're always going to want to have the most efficient

325
00:31:00,952 --> 00:31:02,452
solution possible.

326
00:31:02,452 --> 00:31:09,872
So even if, you know, in the future, say in 10 years time, you still be able to do, you'll
able to do some of those longer routes in New York with batteries alone.

327
00:31:10,312 --> 00:31:17,752
One, you're going to have to have a significantly higher requirement for charging power to
deliver that.

328
00:31:17,752 --> 00:31:22,652
But also you're going to have far higher cost of replacement batteries over the lifetime.

329
00:31:23,206 --> 00:31:33,318
So even in that case, you want to have that foiling solution because it does drive down
your initial capex cost, but also your replacement batteries costs by tens of millions on

330
00:31:33,318 --> 00:31:34,088
those.

331
00:31:35,899 --> 00:31:37,139
No, that's a great point.

332
00:31:37,139 --> 00:31:46,464
um I guess kind of going off of this, and this may be my ignorance in the uh maritime
versus like aviation and automotive worlds.

333
00:31:46,464 --> 00:31:53,647
What is kind of like uh the limiting sea conditions or water conditions for a hydrofoil?

334
00:31:53,647 --> 00:32:00,414
Like obviously when it comes to aviation, like if you're flying a little Cessna, if you
got more than a 15 knot crosswind or something like that, you're not going to, you really

335
00:32:00,414 --> 00:32:01,610
don't want to that thing out.

336
00:32:01,610 --> 00:32:04,741
And I'm kind of curious with hydrofoil technology.

337
00:32:04,751 --> 00:32:14,074
I've seen it be used in some pretty wild water conditions, but I am just kind of curious
if how that plays into this for probably most faring situations.

338
00:32:14,074 --> 00:32:22,587
It's not, but like if you're going maybe from France to England someday and you're going
across the channel, you might get into more serious or like you and the North Sea, more

339
00:32:22,587 --> 00:32:27,599
serious uh sea conditions that might be an issue for hydrophils.

340
00:32:27,599 --> 00:32:29,369
I'm just curious about that.

341
00:32:30,946 --> 00:32:35,148
Yeah, I mean we've engineered our foils for offshore operations.

342
00:32:35,148 --> 00:32:40,430
what I'd say is kind of not every hydrofoil is designed at the same level of operation.

343
00:32:40,450 --> 00:32:48,513
But for us, initially we developed our first system to meet the workboat code, the
maritime and coast guard agency workboat code in the UK.

344
00:32:48,973 --> 00:32:53,475
And so that first vessel Pioneer at Belfast was launched three years ago.

345
00:32:53,475 --> 00:32:55,116
That boat had

346
00:32:55,878 --> 00:33:02,250
workboat cat, I think it's cat two it's called, but basically it can operate up to 60
miles offshore.

347
00:33:02,390 --> 00:33:13,983
And so we wanted to really utilize the benefits of foiling for those offshore conditions
because that's where it can be a game changer because the energy consumption of our ferry

348
00:33:13,983 --> 00:33:18,965
in flat water versus a conventional craft at high speed is about 70 % efficient.

349
00:33:18,965 --> 00:33:22,586
But as soon as you go into one meter wave,

350
00:33:22,892 --> 00:33:24,694
actually become 80 % more efficient.

351
00:33:24,694 --> 00:33:31,201
And as that sea state gets worse, the kind of efficiency differential compared to a
standard boat just increases and increases.

352
00:33:31,282 --> 00:33:36,469
So going offshore or going in waves for electric boats, yeah, it's a bad scenario.

353
00:33:36,469 --> 00:33:38,430
It's a bad equation for them.

354
00:33:38,852 --> 00:33:42,853
And on the EF12 boat, it's really a question of both.

355
00:33:42,853 --> 00:33:50,771
I understand it requires more density, but as far as I've understood, that's kind of one
of the misconceptions I think people see with hydrofoils is they see it only a couple feet

356
00:33:50,771 --> 00:33:52,183
out of the water.

357
00:33:52,183 --> 00:33:56,808
And so they assume, it can't really go into like some serious chop or swells.

358
00:33:56,808 --> 00:34:04,005
But because you're getting like those added efficiencies and stuff having to fight the
waves, you can kind of go over them a lot more than I think most people realize.

359
00:34:04,092 --> 00:34:12,752
Yeah, and I think what I'd say is our foiling boat always outperforms a displacement boat
of the same size, no matter what the sea state is, because you're always getting that

360
00:34:12,752 --> 00:34:16,992
stabilization from the foil and the flight control system.

361
00:34:17,052 --> 00:34:21,972
So on the foil itself, we kind of have these flaps or ailerons, very much like on an
aeroplane.

362
00:34:21,972 --> 00:34:25,132
And as long as you've got sort of like...

363
00:34:25,132 --> 00:34:30,432
As long as you've got kind of flow over that foil, then you're able to use those flaps to
stabilize you.

364
00:34:30,792 --> 00:34:34,092
We've been out in the 12-meter boats in four-meter waves.

365
00:34:34,652 --> 00:34:46,692
We've crossed the RSC from Northern Ireland to Scotland and we had a pioneer on our first
run of doing that trip and we had Seahorse, which is basically the exact same hull, same

366
00:34:46,692 --> 00:34:47,472
cabin.

367
00:34:47,472 --> 00:34:50,412
There's videos on YouTube to check out.

368
00:34:51,092 --> 00:35:00,172
And it was pretty big seas up to kind of four meters and everyone was being very ill on
Seahorse and we're having to transfer people onto the foiling boat to get the green out of

369
00:35:00,172 --> 00:35:02,036
their faces and then put them back.

370
00:35:02,340 --> 00:35:09,763
And so whenever, and they want to ask me that question, I just talk about that real life
case study of us actually operating in those conditions.

371
00:35:11,719 --> 00:35:18,171
Would you say like some of the challenge traditionally or kind of the reason hydrofoils
haven't become more common?

372
00:35:18,171 --> 00:35:21,912
Was it just because of like the traditional additional engineering?

373
00:35:21,912 --> 00:35:24,863
mean, talking about kind of the flaps and kind of that management of that.

374
00:35:24,863 --> 00:35:33,845
mean, nowadays that's really not that complex of a system, but I think what, cause I've
always just thought this technology was just so fascinating and the gains you get are so

375
00:35:33,845 --> 00:35:34,465
impressive.

376
00:35:34,465 --> 00:35:40,447
I'm curious if there's anything you can share of what maybe traditionally has been a bit
of the issue is it.

377
00:35:40,487 --> 00:35:47,872
Because I think in a modern era with between the hardware and even like some of the stuff
you can unlock with software for, I mean, we're even seeing this with planes and like

378
00:35:47,872 --> 00:35:51,835
almost leveraging similar to noise canceling technology to get rid of turbulence.

379
00:35:51,835 --> 00:35:57,839
You could do some similar things that are pretty cool going through waves or other kind of
rougher conditions.

380
00:35:57,988 --> 00:35:58,848
Yeah, definitely.

381
00:35:58,848 --> 00:36:05,042
And I think one thing I always see is on LinkedIn is people say, it didn't work in the 80s
or 90s.

382
00:36:05,302 --> 00:36:06,623
Well, that was quite a long time ago.

383
00:36:06,623 --> 00:36:11,186
Technology's quite a long way since the 80s, I have to say.

384
00:36:11,707 --> 00:36:13,884
Just because it didn't work back then.

385
00:36:13,884 --> 00:36:15,624
I that's the case today.

386
00:36:17,284 --> 00:36:25,244
And I think on that point, there were, there's kind of like fixed foils that are surface
piercing.

387
00:36:25,244 --> 00:36:32,864
I don't know if you've ever been to Greece and everything's called the flying dolphins and
they have, kind of this, it's called the Euro foil design, but it had a lot of structure

388
00:36:32,864 --> 00:36:34,184
under the water.

389
00:36:34,544 --> 00:36:37,024
So there are a lot of appendages.

390
00:36:37,024 --> 00:36:43,464
And whilst you've got a benefit in ride comfort, you weren't really getting much benefit
in terms of fuel consumption and efficiency.

391
00:36:43,952 --> 00:36:48,173
And so that product didn't really take off in a big way.

392
00:36:48,173 --> 00:36:51,084
And then you had the jet foil, which was developed by Boeing.

393
00:36:51,084 --> 00:36:53,885
It was operating in the 90s.

394
00:36:53,885 --> 00:36:56,035
The US Navy were using them.

395
00:36:56,035 --> 00:37:01,196
There's still jet foils being operated in, I think, Hong Kong, South Korea today.

396
00:37:01,357 --> 00:37:05,358
And that was a huge jump in terms of technology and innovation back then.

397
00:37:05,378 --> 00:37:11,559
And that boat used submerged foils with controllable appendages.

398
00:37:11,559 --> 00:37:14,092
uh

399
00:37:14,092 --> 00:37:15,773
flight control system.

400
00:37:15,972 --> 00:37:22,017
But the challenge with that boat is that it had a water jet system integrated into the
foil and it used jet fuel.

401
00:37:22,338 --> 00:37:28,742
So you've got some efficiency savings but the cost of the fuel was incredibly high.

402
00:37:29,123 --> 00:37:35,186
Because you had this water jet system the foil wasn't as efficient as it could be.

403
00:37:35,467 --> 00:37:43,232
And so what we've done with our e-foiler system is we have very efficient carbon fiber
foils that have been developed through the America's Cup.

404
00:37:43,724 --> 00:37:47,715
And when you're efficient, they become very unstable.

405
00:37:47,715 --> 00:37:54,147
So you really need the active flight control system to be able to stabilize those foils
when they do become efficient.

406
00:37:54,147 --> 00:38:06,751
I think it's that combination of composite engineering, being able to have control surface
and complex algorithms to be able to control these boats in ways, combined with the

407
00:38:06,751 --> 00:38:11,512
militarization of electric drive train and being able to actually house that in the

408
00:38:11,516 --> 00:38:19,596
and you know next to the propeller itself it means we don't have to this drive shaft going
on the vertical structure as well and I think in the past you know just managing that z

409
00:38:19,596 --> 00:38:27,476
drive system mechanically I think they were breaking down a lot and it was causing a lot
of problems so we've really eradicated that issue with our tech.

410
00:38:28,933 --> 00:38:29,633
No, that's interesting.

411
00:38:29,633 --> 00:38:34,346
mean, kind of speaking to that, I could also see just like the torque.

412
00:38:34,807 --> 00:38:40,021
I mean, one of the big pros of electric motors is the torque you can kind of unleash and
use that however you want.

413
00:38:40,021 --> 00:38:44,224
And if you start putting them into drives, you can design it for that.

414
00:38:44,224 --> 00:38:53,550
But just in my experience, especially the more complex the drive is between the actual
unit you're trying to move down either through the water or down the road, uh it just puts

415
00:38:53,550 --> 00:38:58,223
more and more strain on the mechanical side versus just having more of a direct

416
00:38:58,538 --> 00:39:06,855
saying, mean, do you have to do a pretty serious gear reduction or is it pretty much like
almost a one to one for, uh, the motor to the propeller?

417
00:39:06,855 --> 00:39:11,137
Yeah, we have a gear reduction because of the technology we're utilizing.

418
00:39:11,137 --> 00:39:16,861
don't want the same prop speed as the motor, so we do have to do that.

419
00:39:16,861 --> 00:39:21,968
And that's been part of the development over the, especially in the early phases, is
having a, you know, that.

420
00:39:21,968 --> 00:39:26,890
that EDU or electric drive unit, making sure that as a unit is robust and reliable.

421
00:39:27,170 --> 00:39:34,233
Because we're developing this technology not for people that are going to be using these
boats, you know, every now and again at a weekend or just in the summer months.

422
00:39:34,233 --> 00:39:43,797
These are for commercial operations, for lifeline services, and they need to be able to
be, they need to work in every day in some pretty tough and challenging conditions.

423
00:39:43,977 --> 00:39:51,320
And so that's really been our, that's been our driver in terms of development of our
technology in particular.

424
00:39:51,778 --> 00:39:59,217
would have been quite quick to get a foiling electric boat on the water but that doesn't
you know that's not what that's not what's required.

425
00:39:59,278 --> 00:40:09,632
You need that robustness, you need that reliability and you also need to meet the
requirements of the maritime regulatory authorities which is not always an easy feat I can

426
00:40:09,632 --> 00:40:10,422
tell you.

427
00:40:11,961 --> 00:40:13,932
Yeah, I guess that brings up couple questions.

428
00:40:13,932 --> 00:40:24,718
um given like the cooling requirements of the motor, because you're dealing with the water
and it's going to be kind of partially submerged anyway, with how you have it designed, I

429
00:40:24,718 --> 00:40:29,110
mean, is that actually giving you a natural amount of cooling for the motor?

430
00:40:29,110 --> 00:40:31,232
And then it kind of keeps what you have to do.

431
00:40:31,232 --> 00:40:36,374
I mean, to me, that actually is a huge advantage in a maritime application for commercial
usage.

432
00:40:36,374 --> 00:40:41,051
Not that even in automotive, they get super hot, but it is something you have to uh

433
00:40:41,051 --> 00:40:42,122
manage and kind of deal with.

434
00:40:42,122 --> 00:40:49,369
And it seems like having all that abundant water that's so much cooler, probably
engineering wise can be something you can really use to your advantage.

435
00:40:49,557 --> 00:40:50,387
Yeah, we do.

436
00:40:50,387 --> 00:40:50,657
do.

437
00:40:50,657 --> 00:40:56,359
um The liquid cooling or surface cooling of that drive unit definitely does help.

438
00:40:56,359 --> 00:40:59,160
And then we actually, can use the water to.

439
00:40:59,885 --> 00:41:03,939
bring water into the heat exchanger to cool the glycol for the battery system as well.

440
00:41:03,939 --> 00:41:07,032
So we're utilising being in the elements of the water.

441
00:41:07,573 --> 00:41:18,806
But that's really a critical thing, managing the temperature not over the motor but of the
batteries, particularly when you're operating in places like the Middle East where they

442
00:41:18,806 --> 00:41:20,888
see very, very high temperatures.

443
00:41:22,675 --> 00:41:29,758
And kind of going back to what you mentioned about like some of the regulatory hurdles uh
and kind of making sure you're meeting those standards.

444
00:41:29,818 --> 00:41:36,131
Is that pretty universal like internationally or are there, have there been kind of unique
challenges?

445
00:41:36,131 --> 00:41:41,593
Maybe you've had to see coming more to the U S side versus Europe or other kind of
international markets.

446
00:41:42,326 --> 00:41:43,587
No, it's not universal.

447
00:41:43,587 --> 00:41:48,911
So in the maritime space, it's basically the flag state sets the requirements.

448
00:41:49,692 --> 00:41:57,356
I think the good thing for us is that we were based in the UK and we were working towards
the maritime and coast guard agencies rules.

449
00:41:58,117 --> 00:42:05,242
And I would say they probably have the probably highest threshold in terms of safety of
operation.

450
00:42:05,242 --> 00:42:08,164
I think the fact that the UK is an island

451
00:42:09,260 --> 00:42:12,582
We've got the North Sea, we've got some pretty challenging...

452
00:42:13,103 --> 00:42:13,883
Yeah, exactly.

453
00:42:13,883 --> 00:42:21,028
I think we have that heritage, obviously, within the Marathon space, both in terms of
engineering and insurance and everything else.

454
00:42:21,529 --> 00:42:28,793
And the Lloyd's Register class society has really been driving things for a very long time
in that regard.

455
00:42:29,034 --> 00:42:38,460
So we were always developing our technology to meet a pretty high safety threshold, which
puts us in good shape when we look to implement our technology in other locations.

456
00:42:38,692 --> 00:42:40,272
including the US.

457
00:42:41,473 --> 00:42:45,634
But the challenge we had is that the rules weren't written for foiling electric boats.

458
00:42:45,754 --> 00:42:54,877
So there were some rules around batteries on boats, but generally the rules were behind
the technology, where the technology was in terms of practice.

459
00:42:54,877 --> 00:43:04,979
And so we've been part of consultative groups from industry to support the regulators in
terms of framing those new rules to make them fit for purpose.

460
00:43:04,979 --> 00:43:07,900
But where there weren't rules like for

461
00:43:08,380 --> 00:43:11,800
rules around the closing control system for the flight control.

462
00:43:11,800 --> 00:43:19,000
We really had to work closely with the class societies because the flag states are kind
of, they don't have the internal expertise.

463
00:43:19,000 --> 00:43:24,439
They're kind of saying, no, we're going to, we're going to assign that approval and sign
off to the class society.

464
00:43:24,439 --> 00:43:26,520
So you need to kind of work with them on it.

465
00:43:26,520 --> 00:43:30,100
And so it's been like a bit of a collaboration working closely with them.

466
00:43:31,899 --> 00:43:42,330
And it has the electrification side been the biggest challenge for those kinds of concerns
or is it just the fact that you're dealing with electrification and foiling that's just a

467
00:43:42,330 --> 00:43:43,771
lot all at once.

468
00:43:44,080 --> 00:43:52,537
think it's a lot all at once, but I think there was things in place around battery
technology and electric drives and things like that.

469
00:43:52,537 --> 00:44:01,214
So um yeah, there's been a wider industry adoption to electrification technology.

470
00:44:01,214 --> 00:44:04,066
The foiling is kind of something on top in addition.

471
00:44:05,799 --> 00:44:14,159
I know we've kind of talked about it more from the business perspective, kind like the
sustainability and efficiency, but I'm kind of curious if there's anything else you can

472
00:44:14,159 --> 00:44:14,399
share.

473
00:44:14,399 --> 00:44:15,779
Obviously a big driver.

474
00:44:15,779 --> 00:44:20,619
A lot of cities have their own kind of sustainability goals and same with countries and
states.

475
00:44:20,619 --> 00:44:24,419
So I'm just kind of curious if there's any advantages.

476
00:44:24,419 --> 00:44:33,479
I mean, obviously there's advantages, but like what has really stood out about Artemis in
that industry to really help these cities can achieve or kind of move forward with a lot

477
00:44:33,479 --> 00:44:35,439
of these sustainability goals they have.

478
00:44:35,768 --> 00:44:45,835
I'm kind of glad you brought it up because I think the whole purpose of what we did this
was to support the decarbonisation of that sector and you going back to our heritage we

479
00:44:45,835 --> 00:44:52,112
were racing in these amazing places Bermuda we were based in Bermuda for a number of years
a couple of years and

480
00:44:52,112 --> 00:44:56,595
We had these polluting sort of chase boats that were chasing around these high performance
cameras.

481
00:44:56,595 --> 00:44:59,298
were, you know, we're spending a fortune on diesel.

482
00:44:59,298 --> 00:45:01,960
They were dropping oil into this beautiful place.

483
00:45:01,960 --> 00:45:05,382
just, you know, you felt guilty from, from doing that.

484
00:45:05,843 --> 00:45:08,384
And that's where we're really, where we've come from.

485
00:45:09,306 --> 00:45:14,990
you know, you can't, you can't, need to develop something that makes sense to the
customer.

486
00:45:14,990 --> 00:45:16,731
Otherwise you can't change anything.

487
00:45:16,731 --> 00:45:17,732
And so.

488
00:45:17,966 --> 00:45:22,537
It's almost like I don't even talk about the environmental aspects of this technology
anymore.

489
00:45:22,737 --> 00:45:28,199
I really need to prove to our customers that it makes business sense for them and that
it's going to be sustainable.

490
00:45:29,979 --> 00:45:33,340
And so that's kind of what I really focus on at the moment.

491
00:45:33,340 --> 00:45:37,802
But yeah, all of these boats are zero emissions in operation.

492
00:45:37,802 --> 00:45:45,844
They're going to have a huge impact in terms of reducing both water and air pollution in
the places where these boats operate.

493
00:45:45,844 --> 00:45:47,364
And it's a big challenge.

494
00:45:48,239 --> 00:45:49,360
No, I mean, that's great.

495
00:45:49,360 --> 00:45:56,245
And yeah, I think a lot of the automotive uh world gets kind of the attention for
decarbonizing.

496
00:45:56,245 --> 00:45:59,528
And obviously there's a lot of benefits for electrification for that space.

497
00:45:59,528 --> 00:46:05,873
But I mean, if you look at the shipping, I mean, especially when you start getting into
large cargo ships and stuff like that, just some of the diesel things.

498
00:46:05,873 --> 00:46:15,771
uh But even then the impact of smaller boats and being able to electrify them and there's
still such a large, even if the batteries aren't where people want them long term, there's

499
00:46:15,771 --> 00:46:17,851
still such a large opportunity.

500
00:46:17,851 --> 00:46:22,678
kind of in the current space for maritime to be electrified.

501
00:46:22,678 --> 00:46:25,841
I guess having said that, I'd be curious.

502
00:46:25,923 --> 00:46:34,424
We've also talked a little bit about what you see the future is, but like, what are some
additional products and kind of like what you see the future of Artemis being moving

503
00:46:34,424 --> 00:46:35,275
forward?

504
00:46:37,244 --> 00:46:41,385
So we just launched our first crew transfer boat.

505
00:46:41,385 --> 00:46:42,726
So this is hot off the press.

506
00:46:42,726 --> 00:46:44,806
I think there's going to be an announcement next week.

507
00:46:44,806 --> 00:46:50,628
So we're demonstrating that CTV up in Aberdeen with customers there.

508
00:46:50,808 --> 00:46:51,828
So that's pretty cool.

509
00:46:51,828 --> 00:46:55,884
So that's decarbonizing of those crew daily crew transfer operations.

510
00:46:55,884 --> 00:46:57,690
So that's really exciting.

511
00:46:57,690 --> 00:47:03,531
And then the first pilot boat is progressing and that will be launched later this year as
well.

512
00:47:03,571 --> 00:47:06,510
So really starting to kind of diversify the portfolio.

513
00:47:06,510 --> 00:47:08,001
of the offer.

514
00:47:08,102 --> 00:47:13,967
And in the future, there's a lot of subsystem technology that could have application
outside of our foiling boats.

515
00:47:13,967 --> 00:47:23,586
So whether it's a propulsion unit or the battery system, the collision avoidance system
that we're developing at the moment as well could support other non-foiling operations in

516
00:47:23,586 --> 00:47:24,556
the future.

517
00:47:25,969 --> 00:47:33,997
Well, I'm kind of curious too, when you, I mean, you go to your website, there's some
really cool, obviously boats you currently have and then kind of some other vessels, but

518
00:47:33,997 --> 00:47:42,886
obviously coming from the America cup background, I've got to imagine there must be
something kind of going around your mind as to what using all this technology, you could

519
00:47:42,886 --> 00:47:49,603
put it into a race boat or what, I mean, what do you see as far as like the racing
opportunities for this technology?

520
00:47:52,760 --> 00:48:00,143
I think we're getting a trickle down benefit from that technology and we have a consulting
business.

521
00:48:00,143 --> 00:48:03,024
we work with a number of the cell GP teams.

522
00:48:03,024 --> 00:48:06,485
Some of them still use our simulator to do training.

523
00:48:07,906 --> 00:48:13,588
We also provide engineering services to other high performance racing teams within that
space.

524
00:48:13,588 --> 00:48:22,882
So from an engineering team and a company perspective, we're still in that area where
we're kind of pushing the boundaries and the limits and developing the

525
00:48:23,056 --> 00:48:25,277
the technology at the sharp end.

526
00:48:25,478 --> 00:48:30,260
And then really we're leveraging that experience and then bringing it into the commercial
segment.

527
00:48:31,021 --> 00:48:33,862
So I think it's always going to be that trickle down.

528
00:48:35,744 --> 00:48:48,401
But I think that development of this technology for our application, I think there's going
to be trickle down to other applications of marine operation.

529
00:48:48,401 --> 00:48:50,062
And hopefully, you know,

530
00:48:50,384 --> 00:48:53,012
you know, bringing driving the cost down of batteries.

531
00:48:53,012 --> 00:48:58,988
So electrification of recreational boats becomes more achievable and feelable in the
future.

532
00:49:00,155 --> 00:49:00,616
That's fair.

533
00:49:00,616 --> 00:49:11,479
guess I do know, I believe it's called E1 where there is the racing electric series and it
does also kind of use a hydrofoil technology with their boats, correct?

534
00:49:11,546 --> 00:49:13,069
Yeah, yeah, does.

535
00:49:13,069 --> 00:49:15,223
it's kind of.

536
00:49:16,443 --> 00:49:21,175
They're really interesting designs because the foil is like pretty far back on the actual
bow.

537
00:49:21,730 --> 00:49:27,014
Yeah, and I think that I would say that I wouldn't say that's the pinnacle of foiling
engineering.

538
00:49:27,014 --> 00:49:34,649
think that's more of a, you know, they have a vessel they have a design and I think
they're creating, they're creating entertainment, right?

539
00:49:34,649 --> 00:49:46,497
So we, we, we had something, you know, when we were racing in the America's Cup, it was,
you know, the best way to control those foiling boats would have been to have a computer

540
00:49:46,497 --> 00:49:49,629
doing it and have an autopilot, but then there'll be no human error.

541
00:49:49,629 --> 00:49:51,770
And so the races will be incredibly boring.

542
00:49:51,770 --> 00:49:59,502
And so think when you're looking at sport and entertainment, you don't want the cleanest,
the best, most advanced solution because then you lose all the interest.

543
00:49:59,502 --> 00:50:09,866
You lose all the excitement because you want those moments of something breaking or a
human error in their maneuver or something like that making the racing exciting.

544
00:50:09,866 --> 00:50:14,467
So I think we've got to be careful that we still keep that within the sport.

545
00:50:15,899 --> 00:50:16,660
No, that's fair.

546
00:50:16,660 --> 00:50:17,890
And that's kind of what I was alluding to.

547
00:50:17,890 --> 00:50:23,485
was kind of curious on your thoughts of that, because there is kind of that balance as to
like looking at your designs.

548
00:50:23,485 --> 00:50:24,956
They're beautiful and really interesting.

549
00:50:24,956 --> 00:50:28,008
But I was curious what and I think that's really true.

550
00:50:28,008 --> 00:50:35,634
We're seeing with a lot of automation that it is turned almost pulled back on the fun,
whether you're talking about that industry or other kind of race series.

551
00:50:35,634 --> 00:50:37,035
So I was just kind of curious.

552
00:50:37,035 --> 00:50:42,359
I mean, if you were to design your ideal racing boat real quickly, I mean, like.

553
00:50:42,831 --> 00:50:47,293
Is there anything that you're seeing with that series that you would do differently that
you could kind of share?

554
00:50:50,805 --> 00:50:57,850
I think our focus is on, it's not something we're really kind of, yeah, it's not something
I guess we're really kind of considered.

555
00:50:58,858 --> 00:51:07,722
I mean, for you, do you find that, do you find the America's Cup is kind like the pinnacle
of racing and much more enjoyable because of how manual it is still?

556
00:51:07,722 --> 00:51:17,537
And even though it is kind of the cutting edge of technology, it's kind of that perfect
balance of, um, bringing new technologies, but also having influence over the destiny of

557
00:51:17,537 --> 00:51:18,527
the outcome.

558
00:51:19,268 --> 00:51:25,951
I think the key thing in America's Cup like it is in Formula One is that there's rule
changes on a frequent basis.

559
00:51:26,252 --> 00:51:37,839
if you get Mercedes dominating F1 for eight years, Lewis Hamilton's amazing, but I
wouldn't say that was the most exciting period of F1, just because one team was so

560
00:51:37,839 --> 00:51:38,739
dominant.

561
00:51:38,739 --> 00:51:44,763
And the thing you see in the America's Cup, think the most exciting races are at the
beginning when everyone's trying to figure out how to use their boat.

562
00:51:44,763 --> 00:51:46,923
And that's when there is that human error.

563
00:51:47,898 --> 00:51:57,204
Whereas when you get down to the end, it's kind of the team that wins a start generally
wins the race because they've learned how to use the boat and probably comes a little bit

564
00:51:57,204 --> 00:51:57,455
less.

565
00:51:57,455 --> 00:52:00,937
You know, there's that excitement in the, the, in the pre-start.

566
00:52:00,937 --> 00:52:07,861
Um, then you kind of lose that, you know, kind of you lose, you lose that excitement
during the actual racing itself.

567
00:52:08,102 --> 00:52:14,346
And my, my advice to like the America's Cup would be to probably have shorter races
because it is all about the start.

568
00:52:14,346 --> 00:52:15,667
That is the most exciting bit.

569
00:52:15,667 --> 00:52:17,188
That is probably the most.

570
00:52:17,584 --> 00:52:23,119
That is where tactics come into play and have more shorter races.

571
00:52:23,119 --> 00:52:26,688
I think that would be better for the viewers at home.

572
00:52:28,103 --> 00:52:30,163
Well, David, I really appreciate your time today.

573
00:52:30,163 --> 00:52:32,563
I think that's probably a great place to end it at.

574
00:52:32,563 --> 00:52:44,023
We'll have information in today's show notes for Artemis Technologies, but is there any
other way you recommend for people to reach out to you or Artemis to learn more about what

575
00:52:44,023 --> 00:52:48,743
your technology can do and kind of help them for any maritime applications they have?

576
00:52:48,877 --> 00:52:51,230
Yeah, you can check out our website.

577
00:52:51,230 --> 00:53:00,372
And then also we have a really good YouTube channel, which has hundreds of videos now
about the technology and the different platforms and some of those cool videos of us

578
00:53:00,372 --> 00:53:02,224
operating in some pretty big seas as well.

579
00:53:02,224 --> 00:53:03,926
So definitely go and check that out.

580
00:53:04,519 --> 00:53:04,960
Great.

581
00:53:04,960 --> 00:53:10,831
We'll make sure to link those, but we'll have to have you again on soon, David, to kind of
see the new boats and technologies that progresses.

582
00:53:10,831 --> 00:53:13,315
But thank you so much for coming on today.

583
00:53:13,510 --> 00:53:14,242
Pleasure, thank you.

584
00:53:19,367 --> 00:53:24,319
Thanks for tuning into this episode of the Grid Connections podcast brought to you by Grid
Connections Consulting.

585
00:53:24,319 --> 00:53:32,402
We hope you enjoyed our deep dive into how Artemis Technologies is redefining the future
of maritime transportation with electric hydrofoil vessels that are faster, quieter, and

586
00:53:32,402 --> 00:53:34,203
dramatically more efficient.

587
00:53:34,203 --> 00:53:42,157
If today's conversation sparked ideas or inspiration, share this episode with a friend or
colleague who cares about clean energy, sustainable transit, or innovative electric

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00:53:42,157 --> 00:53:43,007
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594
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Until next time, this is The Grid Connections Podcast, signing off.