Anyone who as ever driven or used an electrical car knows you cannot really trust the range of that car it heavily depends on the weather, the load of the car and actually the driver and how he or she is driving.

Now imagine if you want to predict the range of a whole fleet of 500 electrical buses, and need to charge them in the right sequence with the right level to the right time to drive trips every day and in all weather conditions. That's what Tenix is already doing.

We have connected our system to the root planning system of the bus companies, we have integrated with more than 30 different chargers and obviously all kind of vehicle brands. And we have connected to the grid capacity and price to make sure that we use machine learning to optimize the charging sequence for each and every bus for each and every tour, every day.

And we do this already with more than 500 vehicles in the Nordics. And if there are any Norwegians here, this system did work at minus 25 Subzero degree in January in Oslo, when it was chaos in the bus traffic except for this system.

Here is a snapshot showing the full fleet overview. Because it's important for them to actually know where their buses are and when they are charging. Another snapshot showing the smart charging to use machinelearning to save cost, but also to make sure that you don't overuse the depot capacity when you're doing the charging.

And again, I have the live system on my PC here, so if anyone wants to see it live you're more than welcome to see me afterwards.

The customer case will save investments, they will save operational cost and maybe most important right now you can make sure that your operational stability using the system. And guess what. by also using machine learning you can increase the battery life and you can also reduce the CO2 emission by smart charging.

The number of electrical buses, trucks and vans is increasing massively in Europe driven by EU and zero emission targets. It's impossible to run this fleet without data and smart software solutions as delivered by us in Tenix. We have selected 11 countries in Europe where we see the green uh buses are really coming. And we have already entered three of them we are getting into the fourth one in UK this year. And we establish a plan to go into the next one.

Going forward we have a software as aservice mode, paid per vehicle per month. And with little less than 1% of the total Market in these countries we can reach 12 million up from the 1.5 million euro revenue as we already have today. We are therefore raising 6 million euro end of this year to expand into those selected contries and most of the money is to be used for sales and marketing, and go to market, as we already have a working product in subser conditions in one of the most harsh countries in the world. We are leading already in the bus industry in Norway. We have an established team. 1 out of 4 busers in Norway is using one of our system already and we already have a healthy growth in the ARR for our product.

The electrical buses is increasing massively in Europe. You cannot do this without Smart software and data. And Tenix is already doing this in all conditions.

So please come and talk to me later if you want to learn more about this. And thank you very much.