CURRENT

OVERVIEW

In the most recent decade Artificial intelligence (AI) has been very frequently associated with searches of robotic solutions for complex applications, leading to AI-based Machine Learning embodiment in the Robotics and Automation domain. While AI has not yet reached its full potential, as it continues to advance, the field of AI-Embedded Robotics will advance alongside with it.

In the context of robotic systems, AI is a paradigm that is expected to allow robots to perform complex tasks that cannot be performed with the state-of-the-art knowhow. AI provides means of capturing and implementing requirements that, due to operational complexity, are continuously changing and are only partially known leading to robots that can operate in the presence of changes and related uncertainties.

AIER business focuses on applications where the key feature is the automation of the robot in the execution of tasks underlying the emergence of ‘Intelligent Robots’ that would co-exist with humans in such a way that both would mutually benefit from their association.

There is a wide range of applications that present very significant business opportunities in the domain of AI-Embedded Robotics. This is the basis for AIER‘s current business plan, product developments and future business growth.

o STATEMENT OF PURPOSE

• The technology of AIER products is in-house developed as a merger of advanced robotic engineering (based on ESI heritage) and artificial intelligence tools adapted for this product embodiment.
• AIER is aiming to launch the 1^st product version in the 1^st quarter of 2027.

o OPPORTUNITY

• The technology sector of AI-Embedded Robotics  is part of the widely diversified domain of Consumer and Industrial Robots.
• The global market of AIER will be $56.3B Market by 2030. The proposed consortium products with a penetration of only 4.5% would generate revenue of $10.05B over a 9-year period.  This period is divided: 2-year product development; 1-year transition to marketing, sales & manufacturing; 6-year revenue generating growing annually by approximately 225%.

• Business profitability is estimated to grow from 33% in the 4^th year to 50% in the 9^th year.

o MANAGEMENT

• Experienced management team led by the Founder and CEO – Andrew Goldenberg Ph.D.
  • founder (1982) of the field of Robotics at the University of Toronto; Professor until 2011; Professor Emeritus to date
  • founder (1982) and CEO of Engineering Services Inc. (ESI) – all shares acquired by a foreign company in May 2015
  • President of Virtek Engineering Science Inc. (VESI)  2000 – 2001, a high-technology company formed through the acquisition of part of ESI by Virtek Vision International Ltd., a publicly listed company
  • Founder (2006) and CEO of ANVIV Mechatronics Inc. ANVIV operations were stopped between May 2015 and May 2019 as a covenant of ESI acquisition
  • CTO of publicly listed SuperRobotics Ltd. of Hong Kong (acquirer of ESI) from May 2015 to May 2019
  • CEO of re-started ANVIV since June 2019.
• Other Senior Management Personnel being recruited:
• COO & President
• CFO
• Director Administration
• VP Strategic Business Development
• VP Marketing
• VP Technology and Product Development
• Director Production

o COMPETITION

• There are no competitors offering products that can perform the tasks executed by the consortium robots.
• The Intellectual Property related to AIER‘s product is being filed for protection in 10 – 12 major markets.

o RISKS

• Business: low mass markets acceptance of the products and product pricing out of affordable purchasing ability of the commercial markets.
• Technology: reliability of the product operation and availability of service for uninterrupted 24-hour operation.

o EXPECTATION OF SUCCESS

• To date current producers of Consumer Robots, have not provided products that are economically viable in terms of the number of critical tasks their robots can perform, the mass-affordability in terms of pricing, and consistency in terms of operating reliability.
• AIER Consortium will introduce to the market of AI-Embedded Robotics products that are: 1. capable of performing multiple tasks; 2. priced commensurately with the market’s pricing affordability; and 3. provided with sustainable reliability and service arrangements that prevent interruption of use.
• Management team has considerable in-depth and recorded expertise in the domain of Robotics and Automation and in-depth know-how in AI-Embedded Robotics. The expertise has been evidenced in both, business and academic domains.
• All key team members have post-graduate degrees and working experience in robotics and automation and artificial intelligence.
• The business and technology development strategy and marketing will be led by experts who would join the corporation to ensure fulfillment of business expectations and achievement of ROI targets of the proposed business.

o INVESTMENT

• Funding of US$16.00M for a 20% stake is required for 3 phases:
  •  1^st Phase product development of 12-month duration
  •  2^nd Phase product development of 12-month duration
  •  3^rd Phase completion of development and start of manufacturing, marketing, and sales

o TECHNOLOGY: AI-EMBEDDED DOMAINS FOR ROBOTICS

• Image Processing
• Autonomous Navigation
• Machine Learning
• Semantic and Cognitive Robots 
• Modeless Control
• Obstacle Detection & Avoidance
• Object Detection & Recognition
• Object Grasping & Manipulation
• Use of Database on Cloud                                  

AIER is involved in several application domains of AI-Embedded Robotics and Automation in partnership with established and startup businesses.

The domains of applications that AIER is involved in are:
(i) Agriculture: De-weeding organic fields
(ii) Homecare: Snow removal, lawnmowing and leaf clearing
(iii) Security: Perimeter patrolling of public and private institutions
(iv) Manufacturing: Wiring of large control panels

HERITAGE

The partners of AIER business are listed below.
– Agriculture: TC Engineering Inc.
– Homecare: Cenith Ltd.
– Security: 4D Robotics Inc.
– Manufacturing: Polygon Technologies Ltd.

Founder’s Professional Biography

Dr. Goldenberg is the founder of the field of Robotics at University of Toronto where he has been since 1982 as a Professor of Mechanical and Industrial Engineering, cross appointed in the Institute of Biomaterials & Biomedical Engineering, and previously cross-appointed in the Electrical and Computer Engineering. He is currently a Professor Emeritus. Dr. Goldenberg is also an Adjunct Professor at Toronto Metropolitan University and Guest Professor at Nanjing University of Science and Technology, P.R. China.

Dr. Goldenberg has supervised to-date the largest number of graduate students in the Faculty of Applied Science and Engineering (49 PhD and 67 MASc). He has an exceptional publication record with over 11000 citations (128 archival journal papers, 294 papers in major conferences, 15 book chapters and 85 patents granted and applied). 

From 1975-1981 Dr. Goldenberg has been an employee of SPAR Aerospace Ltd., of Toronto, working on the development of the first Space Shuttle Remote Manipulator System (Canadarm). 

He is the founder of Engineering Services Inc. (ESI) – www.esit.com, established in 1982. ESI is a high-technology company involved in the development of robotics-based automation and technology. Under his leadership the company has achieved significant growth and a global leading role in a wide range of industrial sectors. From 2000 – 2001 Dr. Goldenberg was also the President of Virtek Engineering Science Inc. (VESI), a high-technology company formed after the acquisition of part of ESI by Virtek Vision International Ltd., a publicly listed company. Dr. Goldenberg is also President of Anviv Mechatronics Inc. (AMI), which he founded in 2006. Anviv is a high-technology company involved in the development of mechatronics products. In May 2015 ESI has been acquired by a Chinese consortium located in Shenzhen, P.R. China. He has been the President of ESI after the acquisition until the Chinese consortium became a public company listed in Hong Kong. Dr. Goldenberg has been the Chief Technology Officer of the public company until May 12, 2019. Dr. Goldenberg left the public company in May 2019.