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FPTT Annual Meeting - Halifax 18 June 2004

FPTT Annual Meeting - Halifax 18 June 2004. BoatCruiser™ Autopilot. Designed for Boat and Ship Operators First of its kind ever developed Works like an airplane autopilot In development since 1997 inside NRC Prototype being tested at NRC’s IOT

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FPTT Annual Meeting - Halifax 18 June 2004

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  1. FPTT Annual Meeting - Halifax 18 June 2004

  2. BoatCruiser™ Autopilot • Designed for Boat and Ship Operators • First of its kind ever developed • Works like an airplane autopilot • In development since 1997 inside NRC • Prototype being tested at NRC’s IOT • Integrated system controlling rudders, engines, and thrusters in confined areas for low speed maneuvering

  3. Mission • At NavSim™ we are committed to staying on the competitive edge of Innovative Ship Navigation and Information Technology. • We aim to become an industry leader in the development of Intelligent Navigation Systems that combine scientific precision and reliability with an easy to use, Intuitive Design.

  4. NavSim™ Products • BoatCruiser™ • Integrated Autopilot for luxury powerboats • Ship Cruiser ™ • Sophisticated Autopilot for large vessels • FishCruiser™ • Autopilot for fishing vessels • MapCruiser™ • Advanced map viewing & management software • MapCruiser™ PE (Pocket Edition) • Advanced map viewing in the palm of your hand

  5. NavSim™ Today • Team NavSim • 20 Employees • Management Team • P Waclawek, Ph.D. - President & CEO • F Earle, C.A. - Chief Financial Officer • R Penney, MBA - Director of Marketing • G Butt, B. Tech – Sales Manager • J Seshadri, M. Eng. Lead, Hardware Division • J Lilly, Lead, Software Division • M DeLeon, Lead, MapCruiser Development • Development & Marketing Teams • All Post Secondary Graduates • Masters (M. Eng., MBA, MA) • B. Eng, B.CS., • Continuing Graduate Program

  6. NavSim™ at a Glance • Technology • Production Environment: • Software • UML, C++, C#, .NET, • Communication Systems… • Hardware • Embedded integrated systems • Control systems, RT kernel… • Actual Products • BoatCruiser™Demo, March 2003 • MapCruiser™on Market, October 2003 • MapCruiser PE& DUOon Market, March 2004 • BoatCruiser™Fall 2004 • BoatCruiser/NavBox™ Spring 2005

  7. NavSim™ Today (2 years later) • 3 Offices • Bally Rou Place(HQ & Software Design) • NRC/IOT(Hardware Division) • Toronto(Marketing, Sales) • Partnerships • National Research Council(IOT) • Natural Resources Canada (NRCAN Topo Data) • Nautical Data International– NDI (Canada) CHS Data • Maptech Inc. (USA) NOAA Data • Nowcasting International, Ireland, UK • Quinlan Brothers Limited(St. John’s) • MUN / IOT / NavSim™,Collaboration • AMP Fisheries (Conception Bay South)

  8. NavSim is Growing! • Spring 2002 – 6employees • Spring 2003 – 14 employees • Spring 2004 – 20employees • Spring 2005 – 40employees

  9. The ‘Innovative’ NavSim equation  • Innovation = Dynamics = High R&D = High Risk • Where: • Dynamics = constant change in short periods of time • 100% < R&D > 50% • Risk  risk sharing or risking risk sharing? • a Hollywood marriage with the prenuptial clause • Company – blind ‘I do’ commitment? • VC, Angels, Investors – give it a second chance • Public Sector – you have my heart (today), let’s sign it (tomorrow or… maybe later)

  10. The 4th Dimension - Time • Time is money (broadly managed - don’t waste it) • Time to Market (more precise but still manageable – be there first, and at the right time) • Time to money (cashflow) – you can control it • If T2M is not your concern • If your rich and childless uncle just died • If the innovation is your second business • Seriously – If you have the entire Team participating in the culture of Innovation

  11. The Team • Definition of the Team • Within the Company (classic view) • At Large (External links) • Partners, subcontractors – technology driven, market oriented clusters • Investment Managers – (VC, public sector)

  12. Attributes and Challenges(Company Level) • Strongest Dynamics • Highest Risk • Greatest Flexibility • Shortest days • Greatest Satisfaction or Peril

  13. The Enjoyable • Building A Sharing Team • Watching their daily work & witnessing their challenges & satisfaction • Learning from the Team • Interacting (communicating)

  14. The Worries • Bureaucracy (rules) • People who know how to use these rules (they usually also know how to run the company, and possibly everything else) • People who stopped learning • People who think The System will solve all their problems (later, hopefully) • Paydays

  15. THANK YOU www.navsim.com Inspired by Leisure, Driven by Technology

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