10.10.23-Showcase-Seoul-Lamarr.AI

- Good afternoon. My name is Ben Rocci, and I lead strategy and business development for Lamarr.AI, where we're unlocking building energy efficiency through rapid thermal diagnostics. Now when we talk about building energy efficiency, it's critically important that you understand the role that the building envelope plays.

The envelope means the exterior and roof of the building. And it's key to energy efficiency. That's because as much as 40% of building energy losses can be eliminated or fixed by fixing defects in the envelope. Moreover, envelope upgrades yield the highest ROI when compared to other efficiency spending options.

But unfortunately identifying and diagnosing issues with the envelope is complex, expensive, and slow. This is because the approach that's used today is highly manual. It involves site visits and interviews, expensive and intrusive equipment, and manual report-outs. For a building of just 10,000 square feet, for example, this process could take as long as 12 weeks and cost as much as $30,000 USD.

So this is where Lamarr.AI comes in. Lamarr.AI is like giving your building exterior an MRI scan to rapidly and cost-effectively detect defects. Where traditional methods take weeks, Lamarr provides actionable results in just days. Through more than five pilot projects, we've demonstrated that our technology dramatically outperforms existing 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. First, collection of thermal images through drones or handheld cameras, second, proprietary computer vision models that detect, diagnose, and classify anomalies in the envelope, and third, a 3D digital model that can be used to assess thermal performance of the building and identify targeted retrofit strategies that maximize your return on investment.

The product is a three-tiered subscription offering, with the most comprehensive tier including anomaly localization and classification, anomaly registration on a 3D model, targeted retrofit recommendations, and a 3D building model-- excuse me, that's a comprehensive 3D building energy model. So no other company offers the combination of highly automated processing and deep actionable insights as Lamarr. And this has only been possible through more than six years of research across MIT, Georgia Tech, and Syracuse.

And it's what happens when you bring together leading building science experts with leading AI experts, a massive thermal anomaly data set, and proprietary AI algorithms. So how do customers work with us? Well, we help customers solve a range of issues across compliance and ESG reporting, retrofit planning and ROI analysis, quality control on new construction, and due diligence before property acquisition.

So here's an example of a project that we recently completed with a property manager in Tampa, Florida. The customer was interested in identifying where to target retrofit spending across his portfolio of 12 buildings. So we quickly scanned the 12 sites and identified the worst performing exteriors.

But by choosing to work with Lamarr over a traditional energy auditor, we helped the customer save more than 80 hours of engineering time, $15,000 in direct audit costs. We detected 50% more defects and helped the customer save more than $300,000 in construction expenses, as a result of higher accuracy data used for retrofit planning.

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

So we're building a global presence, and we're hoping for our first customers in Korea. So please come and chat with me. I'm exhibiting right outside. If you're a large property owner, you're an ESG manager, you work with a construction firm, or you invest in proptech, I would love to chat more. Thank you very much.