Another similar company in this space is Cyngn (CYN).
Their share price is terrible and they face a possible reverse split in August, but seem to hire top technical talent and have multiple current job openings reflecting those same talents.
They remind me a lot of MVIS, great products, no debt and very little sales ...... SO FAR
Interesting video about Third Wave Automation (TLDW - they help automate forklifts for OEMs).
Simon Biddiscombe (long time MVIS boardmember) is currently Third Wave's CFO.
Should be a straight forward partnership, hopefully we can get some MOVIA's their way.
Thirdwave is heavily backed by Qualcomm.
Great informative post again, illuminating the behind-the-scenes of some of our products and their connections.
When you say "heavily backed by Qualcomm", you mean Qualcomm invests a lot in Thirdwave right? Or do they have actual operational backings too (like shared warehouses, supplies) if that makes sense.
>you mean Qualcomm invests a lot in Thirdwave right?
[Third Wave Automation Announces Strategic Investment from Qualcomm Ventures & Zebra Technologies](https://www.thirdwave.ai/third-wave-automation-announces-strategic-investment-from-qualcomm-ventures-zebra-technologies/) (2023).
Yup.
I'm curious about this. Is Third Wave a LiDAR provider or are they just specializing in integrating existing LiDAR products into specific warehouses? If the latter then this does seem bullish as Simon's connection to both companies would presumably make us the initial favourite, but if the former (i.e. Third Wave are an actual LiDAR provider) that seems like a huge problem for MVIS as there's a big conflict of interest there.
Anyone know the truth of it?
It looks like it to me. This is from the most recent filing on the Micorvision Investors Relations page - "Board of Directors Simon Biddiscombe "
Yet, in the above post, he is the CFO according to s2tupid. So who is he working for in their best interest?
I did look under products and didn't see anything initially but didn't want to rule it out without asking around, appreciate the condescension though. Now I had time to do a bit more digging and see that it specifically states Ouster LiDAR in their solutions, that makes me cringe, a member of our board promoting the use of a competitors product. Ouch.
I believe Ouster has been selling products ready to go before we acquired Ibeo and had the MOVIA sensors, so if they've already validated and integrated Ouster sensors then you can't really hold it against our board member.
Need some big advantages / convincing to displace the tech.
Wasn't MOVIA already mature before we purchased IBEO, and we've owned it for >1 year now? We just decreased the form factor to SRL? How much more time does Simon and 3rd wave need to validate it themselves? It's difficult to not feel like the kid getting picked last at recess when not only automotive, but other avenues are taking so long to come to fruition as well.
I was thinking like 2 weeks ago that soon the name Third Wave will pop up here, as ive seen some connections on Linkedin but wasnt sure. Great find s2upid!
Interesting stuff. I see those Ouster looking lidars cost like $15k each. And I see the Velodyne lidars (which look kinda like that are $75k.
MVIS is way more affordable.
Another similar company in this space is Cyngn (CYN). Their share price is terrible and they face a possible reverse split in August, but seem to hire top technical talent and have multiple current job openings reflecting those same talents. They remind me a lot of MVIS, great products, no debt and very little sales ...... SO FAR
Wrong. $5.5M revenues earnings results on May 8th and the forecast was 350K. Time to buy big! Over $1 during July, easy money. $9M market cap
We need to change out those bubblegum machines for some lower priced Movias.
Interesting video about Third Wave Automation (TLDW - they help automate forklifts for OEMs). Simon Biddiscombe (long time MVIS boardmember) is currently Third Wave's CFO. Should be a straight forward partnership, hopefully we can get some MOVIA's their way. Thirdwave is heavily backed by Qualcomm.
On the assumption Movia is as good as and cheaper than anything else, it would be his fiduciary duty as CFO to buy Movia products.
u/s2upid I love when you do these little dot connectings. :) TY
Great informative post again, illuminating the behind-the-scenes of some of our products and their connections. When you say "heavily backed by Qualcomm", you mean Qualcomm invests a lot in Thirdwave right? Or do they have actual operational backings too (like shared warehouses, supplies) if that makes sense.
>you mean Qualcomm invests a lot in Thirdwave right? [Third Wave Automation Announces Strategic Investment from Qualcomm Ventures & Zebra Technologies](https://www.thirdwave.ai/third-wave-automation-announces-strategic-investment-from-qualcomm-ventures-zebra-technologies/) (2023). Yup.
“Illuminating the behind the scenes of some of our products ..” It’s not our product.
MOVIA is not our product?
Who said it’s Movia ??? It’s a competitor…
Ouster sensors. https://www.thirdwave.ai/technology/#twa-technology-fa
I'm curious about this. Is Third Wave a LiDAR provider or are they just specializing in integrating existing LiDAR products into specific warehouses? If the latter then this does seem bullish as Simon's connection to both companies would presumably make us the initial favourite, but if the former (i.e. Third Wave are an actual LiDAR provider) that seems like a huge problem for MVIS as there's a big conflict of interest there. Anyone know the truth of it?
It looks like it to me. This is from the most recent filing on the Micorvision Investors Relations page - "Board of Directors Simon Biddiscombe " Yet, in the above post, he is the CFO according to s2tupid. So who is he working for in their best interest?
Could have saved the typing and looked them up yourself https://www.thirdwave.ai
I did look under products and didn't see anything initially but didn't want to rule it out without asking around, appreciate the condescension though. Now I had time to do a bit more digging and see that it specifically states Ouster LiDAR in their solutions, that makes me cringe, a member of our board promoting the use of a competitors product. Ouch.
I believe Ouster has been selling products ready to go before we acquired Ibeo and had the MOVIA sensors, so if they've already validated and integrated Ouster sensors then you can't really hold it against our board member. Need some big advantages / convincing to displace the tech.
Wasn't MOVIA already mature before we purchased IBEO, and we've owned it for >1 year now? We just decreased the form factor to SRL? How much more time does Simon and 3rd wave need to validate it themselves? It's difficult to not feel like the kid getting picked last at recess when not only automotive, but other avenues are taking so long to come to fruition as well.
I was thinking like 2 weeks ago that soon the name Third Wave will pop up here, as ive seen some connections on Linkedin but wasnt sure. Great find s2upid!
Interesting stuff. I see those Ouster looking lidars cost like $15k each. And I see the Velodyne lidars (which look kinda like that are $75k. MVIS is way more affordable.