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Overview
Epilog was founded in 2015 by Michael and Lance Mojaver with the goal of improving digital vision systems to match the capability of the human eye. Since then, we have developed and patented some of the world’s highest performing AI vision systems. Our technology leverages off-the-shelf sensors and AI processors in novel ways to rapidly scale performance up to 10-100x better than competing solutions.
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In 2018, we partnered with Jabil, one of the world’s largest manufacturers, to help scale manufacturing of our unique vision systems. This partnership resulted in Luma, the first low cost, production-ready 8K vision system. To accelerate the adoption of the technology in the automotive field, we developed SideCar, a self-driving system that works as an add-on to existing cars.
The Problem
Human eyes have the extraordinary capacity to resolve small details within thousands of objects all around us. The best vision systems in use today only deliver about 2% of the acuity our eyes have, picking up only large objects within restricted fields of views. For example, machines can detect people in corridors or cars nearby, but will completely miss a small hazardous object on the road ahead.
The currently adopted industry solution to this major problem is increasing the number of cameras (and/or adding LIDAR) which rapidly increases system cost/complexity while causing diminished returns and decreased reliability.
The Solution
Through extensive innovation, Epilog has developed a human-level AI vision system that is cost-effective for adoption in mass markets. We call this type of system “an IMAX in your pocket” as it offers a cost-performance improvement about 10-100x over that of ordinary vision systems.
Our technology is protected by 9 patents and made affordable with the advent of fast AI chips and a $100 million precision robotic system that can assemble our product in minutes (Jabil).
The Market
Our use of edge-based AI makes installation and use of Epilog technology effortless as the quality and simplicity of our design reduce cost and effort by 10 times or more.
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The most lucrative market for Epilog is driver assistance technology, compatible with ~50 million cars on the road today, as well as integrating directly into cars designed for 2023 and later.
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The second market is queue management in large spaces like airports, terminals, industrial, and government buildings; tens of millions of currently installed cameras are in need of retrofitting and other sites require new cameras.
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The third market is remote inspection, used for large sites like campuses and infrastructure either fixed or mounted on a drone.
Our Traction
Beginning 1Q21 Epilog started the production of its queue management products and scheduled customer installations. The initial product being released is called Tempo, a patent pending remote body temperature measuring device developed in response to COVID-19. We believe Tempo is the only system in the world that can accurately detect the presence of fever and/or perspiration in a queue of people at different distances from the device. Tempo has an expected Average Selling Price (ASP) of $1,500 making it affordable for restaurants, hotels, dental and doctors’ offices, and potentially millions of other small businesses. Full scale production of Epilog queue management products is anticipated in 2H21 in partnership with one of the world’s largest contract manufacturers, Jabil Optics. OEM licensing is also being considered.
Epilog has significantly advanced its driver assistance system, SideCar, in preparation for beta testing and customer trials. The new design replaces the original windshield-mounted system with an integrated design. The camera system and processor are now located behind the rearview mirror and the display is projected via the vehicle's built-in display. We are additionally developing connectivity functions into SideCar via mobile apps to help remotely monitor the vehicle and provide some control functions, for example a remote unlock or start if available. There are millions of cars on the road today that support CarPlay/Android Auto with LKAS and are compatible with SideCar.
Epilog has also completed a proof of concept of the world’s high resolution cinema quality AI video capture system for sports and entertainment applications for an undisclosed customer. The new AI based system is expected to have a resolution of 16K x 16K (250 MegaPixels), far exceeding an IMAX theater.
Nvidia, Jabil and Sony are key Epilog suppliers and preferred partners but do not directly endorse Epilog’s current offering.
What We Do
SideCar| Bringing drive automation to existing cars
SideCar offers cutting-edge AI and optical capabilities in an integrated device that taps into your car’s computer in order to take control of gas, steering, and brake, serving as a driver-assisting device.
Connects to your devices to allow remote security monitoring, climate control, and more.
We are accepting SideCar reservations at $999 (pricing subject to change), which is substantially cheaper than buying a self-driving car (approximately $40K-$200K) or the $10K option price (in Tesla Models).
Tempo (patent pending) | Remote human health diagnostics device
Epilog’s Elevated Body Temperature (EBT) detection system uses dual lens visual and thermal smart AI sensors to scan multiple people simultaneously.
This all-in-one system combines high resolution intelligent visual tracking with thermal imaging to help early detection of potential at-risk individuals.
Luma | The world’s first low-cost production 8K AI Camera
Uses DSLR-quality optics to cover huge areas with great precision and onboard AI.
The production version of Luma will compete favorably on price with the competition (approximately $10K-$50K price range).
Includes built-in AI processing with the image quality to replace as many as ten standard cameras.
The Business Model
Epilog intends to generate revenue through a combination of unit sales, software subscriptions, and support. Tempo is expected to be available online for purchase at a price of $1,500. SideCar is expected to be sold “direct to consumer” online and at physical locations for $999/unit, with an optional $29/month subscription package for 4G connectivity and additional features. Luma is available for purchase now at $4,999, with production versions planned at $2,495 (for the full AI version) and $999 (for an entry level AI device), with all pricing subject to change.
Tempo is being beta tested at medical offices, factories, restaurants, and other places of business as of 1Q21. Epilog has lead customers engaged in the transportation sector (airports, train stations, metro areas) for Luma in queue management trials. Our fast-to-market entry strategy will initially offer direct-to-customer sales over online channels while distribution channels are being set up. An optional cloud based subscription package (estimated $5 per stream) will offer customers more features and insight into their devices.
Our production partner Jabil is capable of manufacturing up to an estimated 15,000 units a day and well positioned to support OEM partnerships.
The Vision
We have a huge head start in AI high-definition cameras and we plan to become the leading company in both fixed and mobile 8K AI cameras. Research and innovation has driven our company to this point, and we will continue to grow as a team and a brand as we lead the industry forward.
We will lead the market in two main areas: automotive and queue management. We expect the bulk of our cash-flow to come from these areas, and will be supplemented by revenue from our software services.
OUR LEADERSHIP
Epilog leadership has extensive experience delivering and supporting millions of units of devices and software to business and consumers. Our management has experience leading startups from garage operations to successful exits, including one public offering.
The Epilog team has formal scientific training in physics and computer vision working at prestigious institutions like CalTech, Cornell University and CERN. Our executive team includes a Silicon Valley veteran trained by Steve Jobs and the former director of Intel Capital.
Why Invest
Epilog’s premier technology for high-resolution AI vision systems (8K+) has an estimated ten year lead over the competition. With 9 patents granted to date and more pending, the best is still yet to come!
We have developed three major AI products ready for production — each addressing immediate billion-dollar markets. Led by some of the most brilliant innovators of the AI camera world, we are poised to dominate the market for both automobile and big-spaces high-resolution AI cameras.
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