11

Business PlanBusiness Plan

Engineering design and production of Engineering design and production of bipedal walking robotsbipedal walking robots

in price bracket 3in price bracket 300-00-252500 00 $$

OWNERSName Alexander EvdokimovAddress Russia, Tomsk, City, ST ZIP Code Tomsk, Tomsk region, 634003Telephone +79016101432E-Mail reinbb@mail.ruhttp: www.robotics.tom.ru

22

I Table of ContentsI Table of Contents

I. Table of ContentsI. Table of Contents ……….. 2 ……….. 2

II.II. ProblemProblem ………………..….. 3 ………………..….. 3Educational robotic kits….…. Educational robotic kits….…. 44Hobby’s and toy’s robots ….. Hobby’s and toy’s robots ….. 55

III. SolutionIII. Solution ………...………….. 6 ………...………….. 6

IV. Why NowIV. Why Now …….….………… 7 …….….………… 7 EquipmentEquipment ………..……..….... 7 ………..……..….... 7 Algorithms and softwareAlgorithms and software ….... 8 ….... 8 Model Model ……………….….…...... 9……………….….…...... 9

V.V. Market SizeMarket Size ………………..12 ………………..12

VI.VI. CompetitionCompetition ……………….16 ……………….16Bipedal walking robots Bipedal walking robots …......16…......16Bipedal physical simulatorBipedal physical simulator ... ... 1188

VII.VII. ProductProduct ….......………….… ….......………….… 1919

VIII. BusinessVIII. Business ModelModel ………. 21 ………. 21

IX. TeamIX. Team ………………………. 24 ………………………. 24

33

II ProblemII Problem

Nowadays, the market is being filled with small and Nowadays, the market is being filled with small and inexpensive biped robots, but the demands of full-scale inexpensive biped robots, but the demands of full-scale

devices by obtainable price are not covered.devices by obtainable price are not covered.

44

Educational robotic kitsEducational robotic kits

Last years there observed the forming and a dynamic development of Last years there observed the forming and a dynamic development of inexpensive educational lightweight small-scale robots market. These inexpensive educational lightweight small-scale robots market. These devicesdevices are mainly used for study, modeling and engineering of designing are mainly used for study, modeling and engineering of designing approaches for full-scale apparatus. Functionality of similar models is approaches for full-scale apparatus. Functionality of similar models is quite equal with full-scale robots. Number of degrees of freedom of some quite equal with full-scale robots. Number of degrees of freedom of some of them is estimated at tens and is not cardinally different from full-scale of them is estimated at tens and is not cardinally different from full-scale apparatuses.apparatuses.

At the same time these similar apparatuses move awkwardly and often At the same time these similar apparatuses move awkwardly and often unsteadily. And the essential distinctions in size do not allow transferring unsteadily. And the essential distinctions in size do not allow transferring of their algorithm to full-scale apparatus without improving.of their algorithm to full-scale apparatus without improving.

But the cost of full-scale apparatuses is two-three orders higher than But the cost of full-scale apparatuses is two-three orders higher than small robots offered in the market. That prevents their access to small robots offered in the market. That prevents their access to educational organizations.educational organizations.Thus, there are small-scale robots on the market for engineering of full-Thus, there are small-scale robots on the market for engineering of full-scale apparatuses and there are no the later in obtainable price bracket.scale apparatuses and there are no the later in obtainable price bracket.

55

Hobby’s and toy’s walking robotsHobby’s and toy’s walking robots

Steady decreasing in price of microprocessors, servo drives, sensors and Steady decreasing in price of microprocessors, servo drives, sensors and the improving of their specifications has extended the scientific-the improving of their specifications has extended the scientific-educational market of walking robots up to arcade machines market.educational market of walking robots up to arcade machines market.

At present this market offers tens of models and keeps developing very At present this market offers tens of models and keeps developing very dynamically.dynamically.

However, there are no full-scale models in the market as before, because However, there are no full-scale models in the market as before, because of absence of production technology in obtainable price bracket. It should of absence of production technology in obtainable price bracket. It should be noted that the market has a great potential capacity and its vector is be noted that the market has a great potential capacity and its vector is directed towards extension of functionality, enlargement of sizes and directed towards extension of functionality, enlargement of sizes and decrease in value.decrease in value.

Thereby, the requirement of full-scale walking robots in obtainable price Thereby, the requirement of full-scale walking robots in obtainable price bracket is not less than in education and the market development potential bracket is not less than in education and the market development potential is much more impressive.is much more impressive.

66

III SolutionIII SolutionThe solution includes engineering design and production The solution includes engineering design and production

of full-scale inexpensive robotsof full-scale inexpensive robots

The absence of straight-walking full-scale and inexpensive robots on the The absence of straight-walking full-scale and inexpensive robots on the market can be explained by limitations of technologies, which are used at market can be explained by limitations of technologies, which are used at present. These technologies include implementation of so called static present. These technologies include implementation of so called static balance in which the balance is kept when driving gears stop at every balance in which the balance is kept when driving gears stop at every moment of time.moment of time.

It requires precise positioning of moving elements of the apparatus and it It requires precise positioning of moving elements of the apparatus and it leads to necessity of usage of powerful driving gears and high-precision leads to necessity of usage of powerful driving gears and high-precision mechanics. All that set a high value and prevent from marketing of such mechanics. All that set a high value and prevent from marketing of such apparatuses.apparatuses. It is offered here to use the balance based on dynamics. It sharply brings It is offered here to use the balance based on dynamics. It sharply brings power and precision specifications down and allows production of full-scale power and precision specifications down and allows production of full-scale biped walking robots in the price line demanded on the market and close to biped walking robots in the price line demanded on the market and close to small-scale apparatuses – 2500-6000 $.small-scale apparatuses – 2500-6000 $.

77

IV Why NowIV Why NowThere appeared the elements on the market, which are There appeared the elements on the market, which are

required forrequired for dynamic balance implementation dynamic balance implementation in obtainable prices.in obtainable prices.

EquipmentEquipmentSerially produced servo drives possess the required power, correlation of Serially produced servo drives possess the required power, correlation of powerfulness and weight, satisfactory time of answerback the control powerfulness and weight, satisfactory time of answerback the control signals and acceptable cost. (signals and acceptable cost. (HSR-5980SG, HS-7980TH)., HS-7980TH).

Microprocessors, offered on the market, possess sufficient productivity and Microprocessors, offered on the market, possess sufficient productivity and functionality, acceptable level of energy consumption and acceptable cost. functionality, acceptable level of energy consumption and acceptable cost. (Atmel ATMega 1284PV or ARM line).(Atmel ATMega 1284PV or ARM line).

Also there offered a range of necessary sensors on the market, which have Also there offered a range of necessary sensors on the market, which have specifications sufficientspecifications sufficient for dynamic balance implementation. (CRS-09).for dynamic balance implementation. (CRS-09).

88

Algorithms and SoftwareAlgorithms and Software

Algorithms design of dynamic balance of full-scale and inexpensive robots Algorithms design of dynamic balance of full-scale and inexpensive robots is the key-problem of this project.is the key-problem of this project.

At present there worked out and published enough information for making At present there worked out and published enough information for making of mathematical models and complementary control algorithms. (CLAWAR, of mathematical models and complementary control algorithms. (CLAWAR, Mechanics…).Mechanics…).

This project began with a model design.This project began with a model design.

99

ModelModelAt the initial stage of designing the model was made in order to assess the At the initial stage of designing the model was made in order to assess the possibility of making such apparatuses with required specifications. possibility of making such apparatuses with required specifications. Algorithms of dynamic balance maintenance were developed specially for Algorithms of dynamic balance maintenance were developed specially for this model.this model.

Testing shows that the model is able to walk straight at a speed of 1.2 Testing shows that the model is able to walk straight at a speed of 1.2 kilometers per hour. kilometers per hour. Cost of basic components is 590 $:Cost of basic components is 590 $:

Microprocessors ServosMicroprocessors Servos

AT86RF230 3 AT86RF230 3 HiTec HS-805BB 7 7 AT90USB1287 1 AT90USB1287 1 ATMega 3290PV 2 ATMega 3290PV 2 HyroscopesHyroscopes ATMega 1284PV 2 gyros Fatuba Gy401 ATMega 1284PV 2 gyros Fatuba Gy401 ATMega 1280 1 ATMega 1280 1

AVR RZRaven used to provide remoter radio control and remoter AVR RZRaven used to provide remoter radio control and remoter reprogramming by air.reprogramming by air.

1010

The analysis of model designing and testing results allows The analysis of model designing and testing results allows making the following resume: making the following resume:

• Center-of-mass overpatching in some elements and using lighter and more Center-of-mass overpatching in some elements and using lighter and more powerful driving gears allow steadiness increasing and speeding up of the powerful driving gears allow steadiness increasing and speeding up of the apparatus. (HS-7980TH or apparatus. (HS-7980TH or HSR-5980SG can be used with weight – 62g can be used with weight – 62g and torque – 30 kg/cm instead of used and torque – 30 kg/cm instead of used HiTec HS-805BB with weight – with weight – 152g and torque – 24.7 kg/cm. )152g and torque – 24.7 kg/cm. )

• Usage of biaxial mechanical sensors of angles on the foot increases the Usage of biaxial mechanical sensors of angles on the foot increases the steadiness of apparatus and extends its functionality up to the possibility of steadiness of apparatus and extends its functionality up to the possibility of foot elimination. It makes possible to produce less expensive apparatuses foot elimination. It makes possible to produce less expensive apparatuses which have no analogs on the market.which have no analogs on the market.

• It takes a lot of time to design a mathematical model, appropriate It takes a lot of time to design a mathematical model, appropriate algorithms and their adaptation to the real apparatus. The time can be algorithms and their adaptation to the real apparatus. The time can be shorten by means of designing and using of special bipedal walking dynamic shorten by means of designing and using of special bipedal walking dynamic simulator.simulator.

1111

• Further designing of movements algorithms, based on passive dynamic Further designing of movements algorithms, based on passive dynamic walking theory makes it possible to reduce considerably the electric power walking theory makes it possible to reduce considerably the electric power consumption and apparatus weight due to reducing of accumulators mass. consumption and apparatus weight due to reducing of accumulators mass. That reduces the total cost.That reduces the total cost.

• Usage of multifunctional turn-mill equipment in engineering of Usage of multifunctional turn-mill equipment in engineering of experimental models allows speeding up the process of apparatus experimental models allows speeding up the process of apparatus production and modification.production and modification.

Thus, at present, there is the required equipment and the team for model Thus, at present, there is the required equipment and the team for model designing, which is enough qualified for designing and developing of designing, which is enough qualified for designing and developing of required algorithms of dynamic balance in the market.required algorithms of dynamic balance in the market.

1212

V Market SizeV Market SizeRecent years have seen the development of a significant personal robot Recent years have seen the development of a significant personal robot market beyond just toys, although even in entertainment robots (toys), there market beyond just toys, although even in entertainment robots (toys), there has been substantial improvement over the wind-up robots of the past. has been substantial improvement over the wind-up robots of the past.

A wider range of task robots is on the market and in development, and A wider range of task robots is on the market and in development, and entertainment robots have expanded in capability and fallen in price as well.entertainment robots have expanded in capability and fallen in price as well.

The world traditional toy market (not including video game, hardware and The world traditional toy market (not including video game, hardware and software) is $75.1 billion in 2008. In the activity/construction toy market, the software) is $75.1 billion in 2008. In the activity/construction toy market, the robotic toy is undoubtedly the emerging segment that attracts more attention. robotic toy is undoubtedly the emerging segment that attracts more attention. At present, Robots used in education and entertainment such as Robotis At present, Robots used in education and entertainment such as Robotis Bioloid can provide modular motion and remote sensor system. And the Bioloid can provide modular motion and remote sensor system. And the educational kits are designed for pure fun and for educational competitions educational kits are designed for pure fun and for educational competitions that allow students put together modules in innovative ways to create their that allow students put together modules in innovative ways to create their designs. People are able to organize their robots in a creative manner such designs. People are able to organize their robots in a creative manner such as singing, dancing and fighting. Educational robots are believed to stimulate as singing, dancing and fighting. Educational robots are believed to stimulate innovation of children. Furthermore, creativity is set to be stimulated by the innovation of children. Furthermore, creativity is set to be stimulated by the modular systems that are available to students in the robotic community.modular systems that are available to students in the robotic community.

1313

Educational robots can be used by every level of student. Different kits are Educational robots can be used by every level of student. Different kits are geared to various age and skill levels. And robotics competitions are being geared to various age and skill levels. And robotics competitions are being held for every age level. Students do not yet receive formal education on held for every age level. Students do not yet receive formal education on robots and are more likely to enter competitions as clubs competing against robots and are more likely to enter competitions as clubs competing against each other representing different educational institutions.each other representing different educational institutions.

According to the report (Educational and Entertainment Robot Market According to the report (Educational and Entertainment Robot Market Strategy, Market Shares, and Market Forecasts, 2008-2014, Strategy, Market Shares, and Market Forecasts, 2008-2014, Wintergreen Research , March 1, 2008, Pub ID: WGR1724666 ), markets for , March 1, 2008, Pub ID: WGR1724666 ), markets for educational robotic kits at 541,000 units in 2007 are anticipated to reach 35.8 educational robotic kits at 541,000 units in 2007 are anticipated to reach 35.8 million units by 2014. As the price comes down due to the lower cost of chip million units by 2014. As the price comes down due to the lower cost of chip and schools begin to institutionalize robotics programs, there is very fast and schools begin to institutionalize robotics programs, there is very fast growth anticipated. Growth at the low end robotic kits starts to level off as growth anticipated. Growth at the low end robotic kits starts to level off as demand increases for robots with more components and more functionality. demand increases for robots with more components and more functionality. Markets for educational robotic kits at $27.5 million in 2007 are anticipated to Markets for educational robotic kits at $27.5 million in 2007 are anticipated to reach $1.69 billion by 2014.reach $1.69 billion by 2014.

Robot entertainment and educational markets at $184.9 million in 2007 are Robot entertainment and educational markets at $184.9 million in 2007 are anticipated to reach $2.985 billion by 2014. The only entertainment market is anticipated to reach $2.985 billion by 2014. The only entertainment market is estimated to be $1.85 billion in 2014 according to a new market research estimated to be $1.85 billion in 2014 according to a new market research report (by http://snipsly.com/2010/05/18/marketsandmarkets-global-service-report (by http://snipsly.com/2010/05/18/marketsandmarkets-global-service-robotics-market-worth-u-s-21-billion-by-2014).robotics-market-worth-u-s-21-billion-by-2014).

1414

Market growth is spurred by the evolution of a new technology useful in a Market growth is spurred by the evolution of a new technology useful in a range of industry segments. The educational and entertainment robots range of industry segments. The educational and entertainment robots represent a first step in the evolution of the robotic markets because they represent a first step in the evolution of the robotic markets because they provide the teaching aspect of the market that precedes any other market provide the teaching aspect of the market that precedes any other market evolution in the services and mobility segments of consumer robotics.evolution in the services and mobility segments of consumer robotics.

According to the report from RobotShop (http://www.robotshop.ca/robot-kits-According to the report from RobotShop (http://www.robotshop.ca/robot-kits-development-platforms-reference.html), the world’s leading source for development-platforms-reference.html), the world’s leading source for domestic and professional robot technology, there are three kinds of domestic and professional robot technology, there are three kinds of educational and entertainment robotic toy kits on the current market: educational and entertainment robotic toy kits on the current market: beginner, intermediate, and advanced kits. Beginner are especially made for beginner, intermediate, and advanced kits. Beginner are especially made for those who are still new to robotics; intermediate robot kits are principally those who are still new to robotics; intermediate robot kits are principally made for the robot hobbyist who has intermediate knowledge in robotics; made for the robot hobbyist who has intermediate knowledge in robotics; advanced robots kits are employ more complicated designs and structures advanced robots kits are employ more complicated designs and structures and require more knowledge of robotics like humanoid robotic toys.and require more knowledge of robotics like humanoid robotic toys.

1515

Projections about the overall market opportunity for personal robots range Projections about the overall market opportunity for personal robots range dramatically. According to a 2009 report by ABI Research dramatically. According to a 2009 report by ABI Research (http://www.abiresearch.com ), by the year 2015 personal robot sales in the (http://www.abiresearch.com ), by the year 2015 personal robot sales in the U.S. will exceed $5B. ABI’s report singles out North America as the largest U.S. will exceed $5B. ABI’s report singles out North America as the largest market for personal robots right now, followed by Japan where the culture market for personal robots right now, followed by Japan where the culture embraces robots. Western Europe will grow to become a significant market, embraces robots. Western Europe will grow to become a significant market, but Europeans are interested less in the cachet of owning a robot, and more but Europeans are interested less in the cachet of owning a robot, and more in how well the robot performs its task.in how well the robot performs its task.

1616

VI CompetitionVI Competition

Bipedal walking robotsBipedal walking robotsThere are no analogs of the offered for designing and production apparatus. But the There are no analogs of the offered for designing and production apparatus. But the producers of small straight walking robots as well as developers of full-scale producers of small straight walking robots as well as developers of full-scale apparatuses can be considered as potential competitors.apparatuses can be considered as potential competitors.

17

Table: Bipedal humanoid robots

Origin Date Height Mass Degrees of freedom (DOF) Priceinvestigation projectHonda ASIMO Japan 2005 130 cm 54 kg DOF34Sony QRIO Japan 2003 60 cm 7.3 kgTOYOTA Japan 120cm 35 kgFujitsu HOAP-3 Japan 2005 60 cm 9 kg DOF28university projectiCub EU in progress 60 cm DOF53 about $300,000WABIAN-2R Japan 2006 150cm 64 kg DOF41HRP-2 Japan 2002 154 cm 58 kg DOF30 HRP-3 Japan 160cm 68 kg DOF42HRP-4C Japan 2009 158 cm 43 kg 200,000$KHR-1 Japan 2004 34cm 1.2 kg DOF17 1600$RHOBAN France 2007 42 cm DOF22commercial projectPINO Japan 2003 70 cm 5.5 kgNao France in progress 58 cm 4.3 kg DOF 25 17500$TOPIO Vietnam

in progress 188 cm 120 kg DOF39in progress 56 cm 4 kg DOF26

on market - robo kitRoboNova Korea 2005 32 cm 1.2 kg DOF16 1300$ KONDO KHR-2HV Japan 2006 34 cm 1.3 kg DOF17 1050$KONDO KHR-1HV Japan 2006 38 cm 1.5 kg DOF19 1750$KT-X USA 2008 33 cm 1.5 kg DOF17 950-1500$BIOLOID Korea 2006 34 cm 2 kg DOF18 900-3000$LEGO Mindstorms NXT Denmark 2006 38 cm 420$LEGO Mindstorms NXT 2 Denmark 2009 280$Manoi-PF01 Japan 2007 40 cm 2 kg DOF17 1900$Plen Japan 2006 23 cm 0.7 kg DOF18 2500$Robophilo USA 2007 33 cm 1.2 kg DOF20 400-500$RBT-1 Japan 2006 30 cm 0.9 kg DOF20 1400$Robovie-X Japan 2008 34 cm 1.3 kg DOF17 1200$SPC-101C Japan 2008 33 cm 1.5 kg DOF22 3000$

1818

Bipedal physical simulatorBipedal physical simulatorDuring engineering it is planned to design a specialized bipedal walking During engineering it is planned to design a specialized bipedal walking dynamic simulator based on ODE (Open Dynamic Engine). This simulator is dynamic simulator based on ODE (Open Dynamic Engine). This simulator is the key-element of algorithm adjustment. And in future it can be taken as an the key-element of algorithm adjustment. And in future it can be taken as an independent product offered for sale.independent product offered for sale.

There are no specialized biped robots simulators on the market but there are There are no specialized biped robots simulators on the market but there are general physical simulators. In such a case the company Cyberbotics Ltd general physical simulators. In such a case the company Cyberbotics Ltd with the product Webots made on ODE basis can be considered as the with the product Webots made on ODE basis can be considered as the principal competitor. So as the companies Nvidia with the PhysX product principal competitor. So as the companies Nvidia with the PhysX product and Microsoft with Robotics Developer Studio. The last two products serve and Microsoft with Robotics Developer Studio. The last two products serve more for games designing and they are far from straight walking simulation.more for games designing and they are far from straight walking simulation.There is no information about plans of bipedal locomotion simulator There is no information about plans of bipedal locomotion simulator designing in Cyberbotics Ltd company.designing in Cyberbotics Ltd company.In the near future this project is not inclined putting of bipedal simulator as a In the near future this project is not inclined putting of bipedal simulator as a commercial product on the market. And there are no such products on the commercial product on the market. And there are no such products on the market at all.market at all.However, production of such simulator with pre-established algorithms of However, production of such simulator with pre-established algorithms of straight walking by any other company can be considered as a certain threat straight walking by any other company can be considered as a certain threat for the project.for the project.

1919

VII ProductVII Product

The final products of the project are the following components: The final products of the project are the following components:

• Mathematical model of biped walking locomotion based on dynamic Mathematical model of biped walking locomotion based on dynamic balance maintenance.balance maintenance.

• Specialized bipedal walking dynamic simulator based on ODE (Open Specialized bipedal walking dynamic simulator based on ODE (Open Dynamic Engine).Dynamic Engine).

• Technical documentation of the device required for production. Technical documentation of the device required for production.

• Software product for device control assigned for the end user.Software product for device control assigned for the end user.

• Site and customer support service.Site and customer support service.

2020

The project is planning the organization of final product short-run The project is planning the organization of final product short-run production.production.

Final product technical documentation mainly depends on the results of Final product technical documentation mainly depends on the results of device control algorithms design made on the basis of bipedal simulator device control algorithms design made on the basis of bipedal simulator during the first 6 months after the project starts. Preliminary results received during the first 6 months after the project starts. Preliminary results received at initial stage allow drawing a conclusion about possibility of usage only 4 at initial stage allow drawing a conclusion about possibility of usage only 4 servo drives which maintain steady walking of full-scale device. servo drives which maintain steady walking of full-scale device.

In case of the results confirmation final device arranging will be much more In case of the results confirmation final device arranging will be much more simplified and it makes possible to produce full-scale robots in lower price simplified and it makes possible to produce full-scale robots in lower price bracket. Otherwise the worked out classical design of developed model will bracket. Otherwise the worked out classical design of developed model will be used.be used.

2121

VIII Business ModelVIII Business ModelIn order to put the project into practice it is suggested establishing a separate In order to put the project into practice it is suggested establishing a separate Russian company as “Ltd. Company”, where the investor is a cofounder and Russian company as “Ltd. Company”, where the investor is a cofounder and forms the authorized capital stock of 750 000$. The owners of the project forms the authorized capital stock of 750 000$. The owners of the project invest a nominal amount of 400$. So it is fixed in company regulation that invest a nominal amount of 400$. So it is fixed in company regulation that investor’s share in profit is of 25%, and owners of the project – 75%.investor’s share in profit is of 25%, and owners of the project – 75%.

Company scope of activity corresponds with the requirements of free Company scope of activity corresponds with the requirements of free economic zone currently in force in Tomsk region territory. That is why it is economic zone currently in force in Tomsk region territory. That is why it is planned to join the zone for tax saving, reduction of duties, lowering of place planned to join the zone for tax saving, reduction of duties, lowering of place leasing charge and free access to high-tech equipment. It is a great leasing charge and free access to high-tech equipment. It is a great advantage if a manufacturing area and a suitable infrastructure are available. advantage if a manufacturing area and a suitable infrastructure are available. (At this stage all the target numbers in appendix are given in a pessimistic (At this stage all the target numbers in appendix are given in a pessimistic variant without specific character of entering free economic zone.)variant without specific character of entering free economic zone.)

Completion of all required documentation for production and completion of Completion of all required documentation for production and completion of all preliminaries are planned during the first 24 months. Including: specimen all preliminaries are planned during the first 24 months. Including: specimen product, required components suppliers, assembly techniques and certain product, required components suppliers, assembly techniques and certain customers.customers.

2222

During the next 12 months it is planned to produce and sale no less than During the next 12 months it is planned to produce and sale no less than 14000 specimen products with profitability 30%. So the investor’s net profit 14000 specimen products with profitability 30%. So the investor’s net profit with a glance of his share of 25% will be 1500 000 $. After 36 months since with a glance of his share of 25% will be 1500 000 $. After 36 months since the beginning of company establishment the investor will have the right to the beginning of company establishment the investor will have the right to walk out the company getting back the investments of 750 000$.walk out the company getting back the investments of 750 000$.

Also it is assumed in the project the possibility of additional financing Also it is assumed in the project the possibility of additional financing attraction to authorized capital stock for account of reduction of the project attraction to authorized capital stock for account of reduction of the project owner’s participation (share) in the profits. (when minimizing his share of owner’s participation (share) in the profits. (when minimizing his share of 75%). 75%).

As it was mentioned before there is a possibility to receive positive results of As it was mentioned before there is a possibility to receive positive results of device production with less number of servo drives keeping the required device production with less number of servo drives keeping the required functionality. In this case there is a possibility to start preparation for functionality. In this case there is a possibility to start preparation for manufacturing much earlier, in 12-16 months instead of 24. We can evaluate manufacturing much earlier, in 12-16 months instead of 24. We can evaluate this probability of 0.5 (50%).this probability of 0.5 (50%).

2323

You can see finance indicators for the first 24 months in the appendix. In You can see finance indicators for the first 24 months in the appendix. In case of investor’s interest there will be given financial information for the case of investor’s interest there will be given financial information for the next last 12 months in details. next last 12 months in details.

The owners of the project are ready for discussion and if it is necessary for The owners of the project are ready for discussion and if it is necessary for changing of some regulations of business model in case if the changes are changing of some regulations of business model in case if the changes are due to the standard conditions of venture financing in the USA.due to the standard conditions of venture financing in the USA.

The project assumes maximal transparency of financial and other fields of The project assumes maximal transparency of financial and other fields of the company for all owners during its developing. For that purpose it is the company for all owners during its developing. For that purpose it is provided the obligatory monthly financial account close to international provided the obligatory monthly financial account close to international standard format. standard format.

2424

IX IX TeamTeamProject development was started by the group of programmers enthusiasts of Project development was started by the group of programmers enthusiasts of 3 persons.3 persons.All the participants have 4 -9 years experience of working in Silicon Valley All the participants have 4 -9 years experience of working in Silicon Valley departments (russian branches) in positions from senior software engineer up departments (russian branches) in positions from senior software engineer up to principal software engineer and head office. All of them are highlyto principal software engineer and head office. All of them are highly--qualifiedqualified. . All the participants worked in start up companies and they are able to realize All the participants worked in start up companies and they are able to realize the high working loads at the initial stage.the high working loads at the initial stage.Résumés of the staff are in the appendix.Résumés of the staff are in the appendix.Besides, a radio electronics engineer who has a high level of knowledge and Besides, a radio electronics engineer who has a high level of knowledge and experience in this field took part in the project development.experience in this field took part in the project development.During pre-project period consultations and discussions of dynamic balance During pre-project period consultations and discussions of dynamic balance problems and their solutions are constantly taking place with friends and problems and their solutions are constantly taking place with friends and colleagues - Tomsk universities teachers. colleagues - Tomsk universities teachers. It should be noted that there are 6 Universities in Tomsk and every 5th citizen It should be noted that there are 6 Universities in Tomsk and every 5th citizen is a student. So there is no an acute problem with searching of qualified is a student. So there is no an acute problem with searching of qualified personnel.personnel.Thus, there is a designing and managing team for the initial period. Other Thus, there is a designing and managing team for the initial period. Other specialists can be hired as the need arises according to the stage of the specialists can be hired as the need arises according to the stage of the project development.project development.