Current Market Cap: Approximately 5 million AUD
Top 20: Own 58% of approximately 133 million shares on issue.
Management:
Jack Wu (Co-founder and CEO with 4.25 million shares) – previously, Jack was hired by Carl Page (the venture capitalist brother of Google co-founder Larry Page) and was employee number three in a startup called “eGroups, Inc” which was acquired by Yahoo! in August 2000 for approximately USD 432 million.
John Hsu (Co-founder and CTO with 4.25 million shares) – former SpaceX engineer who received his Ph.D. in Aeronautics and Astronautics from Stanford University in 2004. His doctoral dissertation work includes novel numerical algorithm development for solving complex unsteady transonic flows and coupled aerodynamics. Upon completion of his Ph.D., John worked at SpaceX on Falcon’s navigation system, developed aerodynamics and structural coupled loads analysis simulations, and performed orbital trajectory optimization analysis.
Additionally, at Willow Garage, John was responsible for defining the vision for the autonomous car project.
What is Willow Garage I hear you ask?
https://en.wikipedia.org/wiki/Willow_Garage
Willow Garage hired its first employees in January 2007: Jonathan Stark, Melonee Wise, Curt Meyers, and John Hsu. The company was best known for its open-source software suite Robot Operating System, which rapidly and widely become a common, standard tool among robotics researchers and industry. It was begun in late 2006 by Scott Hassan, who had worked with Larry Page and Sergey Brin to develop the technology that became the Google Search engine.
The NGL Competitive Advantage:
NGL’s flagship product is its AI-powered Blackbird Security Drone (which includes a Base Station and Intelligent Mission Control Software). NGL customers typically have large facilities or jurisdictions with potentially thousands of acres / square miles to patrol. In these scenarios, human security guards struggle to physically inspect the entire perimeter – even when they are able to drive around using vehicles.
It is also cost prohibitive to install cameras everywhere when your perimeter is miles long. This is where NGL’s patented technology platform comes in – it is capable of solving large perimeter patrol requirements autonomously and rapidly responding to incidents when required. The product is very well tailored to respond on a moment’s notice – whether that be in response to a gunshot or a 911 call – this drone is the new first responder.
Why is a speedy response time important? Fast response times reduce liability and the ability to cause further harm. Indeed, in the case of the recently signed San Pablo Police Department (Announced 11 September 2023), the drone has the ability to broadcast a live video feed to responding officers, who are able to determine what is going on before they even arrive. No more guesswork or police going in blind to potentially dangerous situations – drones are a tremendous capability for law enforcement and this uptake will almost certainly continue.
NGL’s other unique appeal is the combined hardware and software solution that stores and analyses data using edge computing. That is, the data collected is stored in the drone and in the base station – it is NOT shared on the cloud like most ‘drone-in-a-box’ competitor solutions, and is completely air gapped able to function WITHOUT any internet.
Why is this important? High-profile customers–such as the US Air Force, US Police Departments, any critical infrastructure vendors–are acutely aware of the modern cyber security threat landscape. This is a key differentiator of the NGL patented solution. Furthermore, being edge based and having the data stored inside the base station at the customer’s location enables NGL to continue to operate even if all other power and networks are out.
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Disclosure: Holding
