10.3.23-Showcase-Osaka-Lamarr.AI

BEN ROCCI: Thank you. So my name is Ben Rocci. I'm an MIT Sloan MBA, class of 2022. And I lead strategy and business development for Lamarr AI, where we are unlocking building efficiency through rapid thermal diagnostics.

So when we talk about building energy efficiency, it's important that you all understand the importance of the envelope. And the envelope means the exterior and the roof of the building. It's absolutely key. That's because as much as 40% of energy losses can be fixed just by fixing defects in the envelope.

And moreover, envelope upgrades yield the highest ROI of any efficiency spending options. Unfortunately, however, identifying and diagnosing the envelope is complex, expensive, and slow. The reason for this is that the current process is highly manual. It involves site visits and interviews, expensive equipment that's intrusive to current tenants, and manual report-outs. A building of maybe 10,000 square feet could take as long as 12 weeks and $30,000 USD to turn around a report for.

And so this is where Lamarr AI comes in. Lamarr AI is like giving your building an MRI scan to rapidly and cost effectively detect defects. So where traditional energy auditors might take weeks, Lamarr takes just days to turn around actionable results.

Through more than five pilot projects, we've demonstrated that our technology dramatically outperforms traditional methods. We're 85% faster, 90% cheaper, and 50% more accurate than manual audits. So how does all this work? Well, the technology consists of three key components.

The first is thermal images collected by drones or handheld cameras. Next, proprietary computer vision models that detect, diagnose, and classify anomalies. And third, a 3D digital model that can be used to assess the thermal performance of the exterior and identify targeted retrofit strategies that maximize the return on your investment.

The product is a three-tiered subscription offering with the most comprehensive tier including anomaly detection, localization, and classification, anomaly registration on a 3D building model, targeted retrofit recommendations, and a comprehensive 3D building energy model. So no other company offers the combination of rapid data processing and deep actionable insights that Lamarr does. And this is only possible by more than six years of research across MIT, Georgia Tech and Syracuse, and through bringing together leading building science experts, top AI expertise, a massive thermal anomaly data set, and proprietary AI models.

So how do we work with customers? Well, customers work with us to solve a number of key challenges, including compliance and ESG reporting, planning, excuse me, retrofit planning and ROI analysis, quality control on new construction, and pre-acquisition due diligence. So here's an example of a recent customer engagement. We worked with the customer, a large property manager in Tampa, Florida.

The customer came to Lamarr, asking for information on how they should best spend target retrofit spending across a building portfolio of 12 sites. And so Lamarr rapidly scanned the 12 sites and was able to point out the worst performers. But working with Lamar, as opposed to a traditional auditor, the customer was able to save more than 80 engineering hours, $15,000 in direct audit costs. Lamarr found 50% more defects, and we helped the customer save over $300,000 in construction expenses, as a result of better planning.

We have an incredible founding team. Our leaders come from the top of their fields, including building science, urban sustainability, and analytics, architecture, and artificial intelligence. Briefly, I'd like to say why the company is named Lamarr. This is meant to be a tribute to the inventor and actress Hedy Lamarr, and to all inventors who did not gain prominence for their inventions during their time.

So wrapping up, global problems require global solutions. And so we're looking to expand beyond North America and work with our first partners in Japan, Korea, and Singapore. So please connect with us if you are a large property owner, an ESG manager, you work at a construction firm, or you invest in proptech. Thank you very much.