SULIKO ROBOTICS GROUP - mofcom.gov.cnimages.mofcom.gov.cn/oys/201703/20170302120948707.pdf · • Suliko Robotics Eurasia shall develop a 1200 m2 assembly line in Yerevan's Free Economic

SULIKO ROBOTICS GROUP

AUTONOMOUS MECHANISATION OFAGRICULTURE FOR EURASIA

• Shortage of skilled tractor and harvester drivers a perennial problem in the Eurasian Economic Union.

• Alcohol-related accidents, theft of fuel and grain by machinery operators in Eurasian Economic Union a major cause of loss.

• Fully autonomous tractors and harvesters, designed from the ground up to operate driverless, are the answer.

• American R&D company ATC have perfected both retrofit kits for existing tractors, and fully driverless tractor technology; the “Spirit” Autonomous Tractor.

• Now licensing to manufacturers in USA and Canada.• Suliko Robotics Group Ltd, an Australian-owned company based registered in

Hong Kong, is negotiating the manufacturing and distribution rights for two key markets, the European Union and the Eurasian Union.

• Suliko Robotics Group's sister companies in Hong Kong and Georgia have a 20-year track record in agricultural engineering, farm technology adaptation, farmsoftware development and machinery manufacture.

• Major markets in Eurasian Union anticipated; Russia, Kazakhstan, Belarus.

Suliko robotics eurasia

• Armenia has developed an advanced robotics sector in the past decade, and firms from around the globe turn to Armenian engineering firms for innovation, system integration and testing activities in robotics.

• Armenia is a member of the Russian-sponsored Eurasian Economic Union, and has free trade with Russia, Kazakhstan, Belarus, and several smaller Central Asian states. Armenia is not under sanctions from EU or USA and has GSP.

• Armenia also has a free trade agreement with Iran.• While landlocked, Armenia has good road networks with Russia via Georgia,

and with Iran.

• Suliko Robotics Group Limited will form a Special Purpose Vehicle for Armenian operations, registered in Luxembourg, Suliko Robotics Eurasia Limited.

• Suliko Robotics Eurasia shall develop a 1200 m2 assembly line in Yerevan's Free Economic Zone at the RAO Mars site, in which profits tax is set at 0%.

• Suliko Robotics Eurasia will also acquire a test vineyard in Aragatsotn for contract field testing of retrofitted robotic grape pickers on behalf of ATC.

• When production exceeds 15 tractors a week, a new assembly line capable of producing 200 tractors a week will be developed in the Free Economic Zone, funded by OPIC.

• Distribution and post-sales service in Russia, Belarus and Kazakhstan will be accomplished by machinery distributors in those countries.

• Total funds required to build and commission factory, operate to capacity, develop distribution network, and operate test farm, is USD$16 million.

• The initial workshop shall employ 15 assembly line workers, 5 administrative staff, a sales and marketing team of 6 people and a field testing/system integration team of 2 engineers.

• The 200 unit-per-week assembly line will employ 70 assembly-line workers.• The factory will source diesel-electric engines from Russia and the robotic

“brain” from USA, but most of the electronics, chassis, bodywork, fuel system,and wheel motors will be manufactured in Armenia, either sourced from existing military manufacturers/engineering works, or built in house.

• System integration and field testing of novel applications of autonomous farm machinery are expected to substantially increase Armenia's indigenous talent inthis fast-growing market sector.

• Suliko Robotics Group Limited is seeking investment from equity investors up to USD$16 million to commission the basic assembly line, develop the distribution network, fund in-house R&D, localise software and service manuals, train maintenance staff and take the operation to 60 tractors a monthproduced.

• Exit for investors is in Year 7, based on either a trade sale to a major farm machinery company with deficiencies in its own robotics programme, or a stock market listing in Hong Kong.

• Undiscounted 7-year IRR for investors is calculated at 35%

For more details, contact Dr Simon Appleby on [email protected]

mailto:[email protected]

Autonomous Tractor Corporation

© 2015 Autonomous Tractor Corporation 2

Navigation technology to drive autonomous vehicles

Fail-Safe

More reliable than GPS

More accurate

No driver

Simple to use


Technology that reinvents agricultural practices

Half the cost

Less labor

Easily multi-

tasks


Diesel-electric technology – cheaper and more efficient

Half the cost

Half the weight

Repairable by

the farmer

Longer service

life

20% more fuel-

efficient


Our focus is technology for tractors, not cars or trucks

$125B equipment

market

Major labor shortage

Need to double ag

output by 2050

Bigger is not the

answer

Rural setting

favorable for

autonomy


Intellectual Property – 3 key patents

Navigation: GPS

+ proprietary non-

GPS electronics

system

Control: Artificial

Intelligence

software provides

fail-safe control

and safety

Power: 100+ hp variable

frequency drive wheel

motors

Tools

Bay

Mower: floating head,

“smart” electric drum

mower

1

23


Products

APS – navigation

technology eases

drivers out of the cab of

existing auto-steer

tractors

Spirit – revolutionary

tools for mowing and

weeding using APS

technology


2015 – auto-pilot system for existing vehicles

Ease the driver out of the cab in 3

steps:

1. Steering and safety

2. Implement control

3. Engine control

Technology fuses five-sensors and

makes the tractor fail-safe:

1. Sonar

2. Wheel encoders

3. IMUs

4. Field transponders

5. GPS

On-vehicle

Array

Field

Transponder


2016 – autonomous, single-pass alfalfa combine

Alfalfa production

today: three passes

#1 Mow

and

Condition

#2 Rake

and Sun

Dry

#3 Bale

The future of farming:

one pass with no driver

#1 Mow

and

Condition

#2 Dry

#3 Bale

(Power)

(Power)


Dramatic improvements to farmer economics

Fewer passes, lower equipment costs and higher crop value due to better

production methods yields more than 2X net income to farmers

Today’s Hay Economics (per acre)

Revenue

Chemicals

Mow / condition

Rake

Bale

Overhead

Interest

Land

Net Income

Future Hay Economics (per acre)

Revenue

Chemicals

Mow / condition

Rake

Bale

Overhead

Interest

Land

Net Income

$550

$ 57

$ 20

$ 4

$ 57

$ 20

$ 20

$150

$250

$860

$ 57

$ 7

$ 1

$ 20

$ 15

$ 15

$150

$620


2016 – autonomous, weed electrocution system

Full perimeter

safety and no driver

Up to 450 kW of

power

Chemical-free weed

control

Kills emerged and

chemically-resistant

weeds as well as

dormant seeds

Previous weed electrocution efforts failed due to insufficient

power and safety concerns


Milestones achieved with in-field demonstrations

2

1

Sub-inch accuracy in re-tracing

a “trained path”

Perimeter safety, iPad control

and wheel motor durability


Outsourced business model is capital efficient

ATC is a tech, innovation

and engineering company

We license or sell our

technology to partners to

leverage their existing

commercial infrastructure


Experienced team – more than 10 successful

technology and hardware startups to their credit

• Kraig Schulz – President and CEO 20 years of academic and professional work in agriculture and

bio-sciences

Extensive consulting management and transactions work at

Ernst and Young and Leerink Swann

• Terry Anderson – Founder and Chief System Architect Founder of seven successful technology companies including

Ancor Communications Corporation, sold to Q-Logic for $1.9B

Author and contributor to numerous patents including a rare

Genesis Patent

• Robert Cornelius – Chief Software Architect PhD (ABD) Mechanical Engineering, Stanford University

Co-founder of Ancor Communications and prior companies with

Terry

• Frank Artner – Chief Hardware Engineer B.A.Sc, M.A.Sc Electrical Engineering, University of Toronto

Principal Design Engineer at Ancor

Principal Hardware Engineer at Digi International


Market size

$2B

Installed

base of

auto-steer

tractors

$4B

Global

mowing

equipment

sales

$30B

Global

agricultural

herbicide

sales


Financial projections


Financing History and Needs

• 2012 – raised $1M from friends and family

− Produced 1st prototype, shown at a major ag show

• 2013 – raised $1M from insiders

− Produced 2nd prototype that was successfully tested in-

field under remote control

• 2014 – raised $2M from strategic partner

− Simple debt (due Aug. 2016)

− No warrants or restrictions on IP

− Produced 3rd prototype that was successfully tested in

the field under autonomous control


Use of capital: 2015-2016

$5M to commercialize APS and finish development of

two intelligent tools

− Add to software team to accelerate APS auto-

pilot commercialization

− Select a commercial partner for auto-pilot

system and install 100 beta units on existing

tractors

− Build prototype single-pass mower combine

− Build prototype weed electrocution system


For further information please contact:

Kraig Schulz, President and CEO

4302 13th Ave South

Fargo, ND 58103

203-993-0828

[email protected]

www.autonomoustractor.com

Contact

Documents

SULIKO ROBOTICS GROUP - mofcom.gov.cnimages.mofcom.gov.cn/oys/201703/20170302120948707.pdf · • Suliko Robotics Eurasia shall develop a 1200 m2 assembly line in Yerevan's Free Economic