Technically, our feasibility study now spans over 45 video feeds from a wide variety of swimming pool types, shapes and sizes, streaming data through the cloud to our R&D team for analysis and machine learning networks. We’ve extended our study to include a wider variety of pool types, and are maintaining a high level of performance on this comprehensive dataset, with our proprietary core computer vision capabilities continually delivering high quality and robust results. We’ve finalized camera requirements, and specifications for our video processing workstation, have completed the system and cloud architectures and finished developing the lifeguard smartwatch. For IPR, we’ve completed an extensive survey of patent literature, and freedom to operate is clear. Finally, GDPR and ISO20380 compliance processes are nearing completion.
Commercially, we’ve finished verifying a comprehensive product-market fit including main customer pain points and matching product features, means of sales, distribution and maintenance, business and pricing models and go-to-market strategy. In the EU, we’ve participated in several key industry events and met with leading pool industry companies and have a good understanding of the methods to reach and sell to different types of customers, their willingness to pay and payment models. We’ve secured several strategic partnerships with pool equipment and service providers and cooperation agreements with insurance agencies which will help us advance into the commercialization stage.
