But I gotmybackgroundismoreoperationsandmydegreesinagriculture.
I MichaelSothenhowdid?
Okay, soGeistwastheplasticscompany.
Sothenhowdiditwindupas a PTUcompany?
Howdidthiswindupis a majorprofitcenterforyou?
Yeah, that's aninterestingquestion.
Thethatfloorduckthat I wastalkingabout, thatrentspressthefloorwaskindofsoldinofficeproductsmarketsonfromthat, wegotintosomeoftheyouknowwhatyouthinkofas a powerstrip?
Theremainderofthatgroupis a groupinAustin, Texas, thatdesignsallourcircuitcourt.
Sowedesigninhouse, Um, wewewereWewantedtobuild a customizedproductfastforpeople, butwewererelyingonoutsidesourcestomakethemetalbox.
Thatthing's goingsoweadded, atthecostofabout 2.5 $1,000,000 metalmetalworkingcapabilitiessowecouldWecouldtake a flatsheetofsteelpunchouttheshapewewantfoldedout, runningthrough a powdercoatingbooth, andwecanmakeaboutchassisforthisthingwiththeendwithin a day.
Arelaborcostslowbecausewemade a productthat's easytobuildbecausewe'reheretosupportthebill.
A lotofpeople, I think, underestimatetheamountoftimeandeffortgoesintotryingtosupportbuilding a producthalf a worldawayin a timezonethat's 12 hoursoffofyours.
They'reoffkeepingpeoplehappyandcreating a workenvironmentthat's conducive.
Becoming a workthat's interesting.
Sothen, withthewiththe P touse, thenhowdoyouenduplike, What's theprocessforactuallydesigningthesecauseagain, likenormally, youthinkof a P toyou, andit's justthepowerstrip.
But I wantthisbigbecausenobodywantstogiveupspaceintheback.
Wewant a freeairflowovertheservers, soyou'reconstantlychallengedwithwithfindingtherightcomponentsthatfittheneedbutmakeitsmall, makeitcompact, butstillmakeiteasytobuildaneasyyears.
Soit's, uhoh, it's a it's a process, butit's one, I guess, thatwe'vedevelopedovertime.
Sohowoftendolikenewclassesof P tousecomeout?
Isthislike a carwhereeveryyearthere's a newer, betteroneoreveryfiveyears, or I guesswhenithappens, Yeah, I sayyou'reprobably, youknow, fiveyearlifespanontechnologyisprobably, youknow, reasonablefive, 5 to 7.
Soyou'retakingwhatwe'rewhatwe'relookingatrightnowwherewe'redeveloping a muchmoremodularapproach.
Soovertime, wedevelopedthisboarddoesthisThissportdoesthisandAndthesekindofgetsiloedsowe'reworkingonnowismuchmoremystyleapproachwhere, ah, onefrontendboardmaybeabletotalkto a lotofdifferenttypesofportsbehindit.
Sooneinterface, um, willbecome a frontendforjustpowermonitoring.
Becauseyou'retalkingaboutenvironmentalsensorsandbeingabletodoindividualplugslikeDododoDoyouhave, like, salesassociatesthattheycontactordotheyjustsittherewith a bigoldcheckthingsofflikeitkindofdependsonwhatpeoplewanttodo.
We'vegotWe'vegotinsidesalespeoplethatcanwalkbuckthrough, youknow, listofquestionswithpeoplewehavekindof a sheetkindoftakeshimto a listofquestions.
Howmuchpowerdoyouneed?
Whatkindofinformationdoyouwant?
Thatsortofthing?
Thengoon a websiteandtheycanexplorethedifferentoptionsthatwehave.
Maybehoneinonitthatway.
Itkindofdependsonhowpeoplearegeared.
Somepeople I wantedyouallthatyoudoalltheresearchontheweb, right?
And I couldimaginemaking a veryexpensivemistakeif I wasn't, Youknow, I forgotsomething, right?
Right.
Um, therearesomebeatusintercertificationcoursesoutthere, butwhatyoufindthatthepowerstripreallyendsupsometimesinthisnoman's land, you'vegotfacilities, peoplethatareresponsibleforthepowercomingintothebuilding, youknow, burningitdownfrom a mediumvoltageto a highvoltagesto a lowvoltage, andtheysupplyittosomethingnearthecap.
You'vegot I t guysthatarekillingthecountedwithserversandpluggingthoseserversintothepowerstripSothatwherethatwherethathandshakeis, whetheritisthe i t.
It's a wholeinternalprogramthatwe'vewritten, which I thinkatlastcountwassomewhereover 300,000 linesofcodethatgoesinandwewouldgointo a unitsolittlewe'llhave a workorderfortheunitwillhaveahbarcodeonit.
Assemblyworkersonthelinecanperform a veryrobusttestprocesswith a minimumofexperience.
It's prettygood.
AndthenSowhenpeopleareorderingthecustom p touse, dotheyhavetoorder a certainamountofthemislike a dozenof a certaintype, orcantheyjustorderoneorweWeliketotrytopushpeopleto a minimumminimumsofabout 30 pieces.
Thatwhichislowforourindustry.
A lotofpeopleinourindustryareare 100 to 200 pieceminimumsand 12 14 weeksfor 30 pieces, 2 to 3 weeks.
I thoughtit's fivedaythat I gotconfused.
StandardproductStandardproduct.
3 to 5 daysbeforedoing a customproductfirsttimethrough.
Sowe'vegotwe'vegot a designmetal, youknow, punchitout, build a sample, Um, andthengetthatout.
Sowewillusuallydoin 2 to 3 weeksforthat.
Nowwe'vedoneitfaster.
We'vedoneitinhisfastestthreedaysforpeople, right?
Customercallsuptherightcheckbooktypeofthing.
Okay, thatmakessense.
SothatotherthanlikethephasesandpowerintheoutlettypesWhatwhatotherthingslike, whatfunctionalitycanyougetcustominto a PTOsoyoucanresetanindividualpoweroutletlike, whatelsedoyouhaveinthere?
Well, sothetechnologykindofstarts, I guesswesaythere's there's basicmeeting, whichisjustgonnabe a localdisplaythenextlevelup, you'regonnabeabletogetfullpowerinformationremotelythroughEthernet.
ThenIfwehave a firmwarereleasethatyouwanttogoupdatethefirmwareandall I'vebeenletgoautomaticallyupdatethefirmwareinallofifyouwanttodosomemassalarmthresholdsetting.
Soifwewanttotieinto a buildingmanagementsystemlikepullinthatinformation, ifwewannapullinginformationfromgeneratorsandjensetsfromchillersfromairconditioners, crackscrazyme, thatkindofstuff, wecanpullallthatinformationinandgiveyouthatThatsinglepaneofglass.
Youknow, onescreenthatyou'relookingat, umallowsyoulookatallyourdatacentersandthendrilloutdowninto a specificdatacenter, getdrilleddowninto a specificdatahalldowninIraq, whateverlevelyouwanttobuild a drilldowninto.
Thereis a creditcard, youknow, abilitytobuythosecreditcard.
Anytimewegetintopowerandthepowerstuff.
Wewestickwiththedistributionchannels.
We'vebuilt a strong, strongrelationshipwiththem.
Sothat's ourThat's ourmainmeansofsalethere.
Butwecanfindsomebodyclosetoyouthatcanhelpyou.
Soifanybodyhereis a consultantorbasically, youknow, hasclientsDoyouhave a partnershipprogram?
Isthere a wayforthemtobecome a distributor?
Baby, sellyourproductsdirectly.
Yes.
Okay, e.
I don't knowif I couldgiveyouallthedetailsofthat, butbuttheshortansweris, guesswewelcometheopportunitytotalktopeopleandgetwhatwefindistheclosersomebodyistoo a clientorto a clientset, thebetterthey'regonnabetorepresentproduct.
Soyouknowyou'regettinginto 80 to $100 peroutletwhenyougettothatcontrol.
Soit's everythinginbetweenthetheyouknow, thesweetspotfor a lotofpeople's inputpowermonger, wheretheywanttoknowhowmuchpoweriscominginhowmuchpowerisbeingconsumedin a cabinetorinteract.
Soyouknowanydatacenter?
I justsaidthat's probablythesweetspotintermsofvolumeforus.
Isthatthatthatlevelofitlookedaremonitoringandthen, youknow, thosetendtogo 30 AMsinglephaseuptomaybe 60 F threebaysand B 32 $700.
Malka, uh, it's nottoobad.
SoandthenifpeoplearetalkingwiththeirclientsortheirbossesaboutthisAndsoifyoulook a whoeveryourcompetitorsaren't Peteyuse.
Um, I challengeyoutogotoanyoneofthosefactoriesandthencometooursandsee a truckpullupwithwith a truckloadofsteelandsee a powershipcomeouttheotherendofitotherintotheplace, becausenobodydoesn't letus, uh, asidefromthat, youknow, like I said, reliabilityisoneofthekeysThiotothisindustry.
Andwemake a reliableproduct, andwe'llputitupagainstanybody's will.
Well, I mean, it's definitelymoreandmorecoding, right?
I mean, ifyoulookattheamountoftheamountofpeoplethatwe'vehiredinthelast 15 years, therearesoftwarecodersandinallvarieties, it's notjustoneparticularlanguage.
Oneparticular, umyouknow, segment.
I mean, there's we'vegotguysridingfirmwherewegotrightguyswriting, writingsoftware.
Weneedgooeyinterfaces.
Weneedweneed, youknow, bassformoreapplications, C plus C plusplusstuff.
Soit's allovertheborder.
But, youknow, I don't thinkthere's gonnabeenoughprogrammerstogoaroundintheworld.
Um, theothersideofitiswhenyoulookpurelyatfacilitiesmanagementandagain, thisis, uhwhetheryouyou're a coder, youknow, ifyourslantedthatway.
Butifyou're a wrenchTwister, there's gonnabe a lotofguysretiringoutofthisindustryandkeepingthesefacilitiesrunningthechillers, theairconditioningsystems, thebigpowerandallthatstuff.
Sothere's a lotofthere's a lotofroomforup.
I thinkthere's a lotofopportunitynext 15 20 years.