1 00:00:03,990 --> 00:00:07,170 Sean Aylmer: Welcome to the Fear and Greed daily business interview. Transport 2 00:00:07,170 --> 00:00:12,029 Sean Aylmer: accounts for about 18% of Australia's domestic greenhouse gas emissions, 3 00:00:12,389 --> 00:00:16,230 Sean Aylmer: but that term transport covers all sorts of areas, planes, 4 00:00:16,230 --> 00:00:21,360 Sean Aylmer: trains, automobiles. But what about maritime navigation, boats, vessels? Given 5 00:00:21,360 --> 00:00:23,669 Sean Aylmer: that vast majority of Australians live on the coast, you'd 6 00:00:23,670 --> 00:00:27,059 Sean Aylmer: think we are fairly advanced in shifting maritime operations to 7 00:00:27,059 --> 00:00:29,880 Sean Aylmer: green technology. I'm not so sure if that's correct, though. 8 00:00:29,880 --> 00:00:31,829 Sean Aylmer: One of the leaders in the push to shift the 9 00:00:31,830 --> 00:00:35,250 Sean Aylmer: industry from diesel and other types of power to fully 10 00:00:35,250 --> 00:00:38,940 Sean Aylmer: electric is Dr. Iain Percy, OBE, former Olympic sailing gold 11 00:00:38,940 --> 00:00:42,330 Sean Aylmer: medalist and founder of Artemis Technologies. Iain, welcome to Fear 12 00:00:42,330 --> 00:00:42,810 Sean Aylmer: and Greed. 13 00:00:43,140 --> 00:00:43,770 Dr. Iain Percy: Hi, Sean. 14 00:00:44,429 --> 00:00:48,329 Sean Aylmer: Before we get into Artemis itself, how green is maritime 15 00:00:48,420 --> 00:00:50,760 Sean Aylmer: navigation, both here and globally? 16 00:00:51,750 --> 00:00:55,470 Dr. Iain Percy: Yeah. It's not the best actually, but to be fair 17 00:00:55,500 --> 00:00:57,720 Dr. Iain Percy: to the industry, it's put its hands up and it 18 00:00:57,720 --> 00:01:02,490 Dr. Iain Percy: put its hands up fairly voluntarily. In 2017, International Maritime 19 00:01:02,490 --> 00:01:07,770 Dr. Iain Percy: Organization announced quite how polluting it is worldwide, and I 20 00:01:07,770 --> 00:01:11,459 Dr. Iain Percy: think because it, by its nature, a lot of maritime 21 00:01:11,459 --> 00:01:14,069 Dr. Iain Percy: is on big ships going between countries, no one had 22 00:01:14,069 --> 00:01:16,830 Dr. Iain Percy: really noticed have been flowing a little bit under the 23 00:01:16,830 --> 00:01:19,740 Dr. Iain Percy: radar. But the truth of it is it is emitting 24 00:01:19,830 --> 00:01:23,880 Dr. Iain Percy: almost as much as automotive or aerospace, and it's particularly 25 00:01:23,880 --> 00:01:27,090 Dr. Iain Percy: emitting of some of the more dangerous greenhouse gases as well. 26 00:01:27,690 --> 00:01:31,049 Sean Aylmer: Okay, so just give me more detail. Is it the 27 00:01:31,080 --> 00:01:33,539 Sean Aylmer: big tankers that are doing a lot of the damage? 28 00:01:34,230 --> 00:01:38,400 Dr. Iain Percy: Well, it is definitely the big tankers, but actually domestic 29 00:01:38,400 --> 00:01:41,490 Dr. Iain Percy: maritime accounts for about a third of the worldwide emissions 30 00:01:41,490 --> 00:01:44,699 Dr. Iain Percy: for maritime. So the ferries and fast ferries particularly that 31 00:01:44,700 --> 00:01:49,230 Dr. Iain Percy: we see here in Sydney are a large, large contributor. 32 00:01:49,500 --> 00:01:53,010 Dr. Iain Percy: And as I say, it's not just the CO2, which 33 00:01:53,010 --> 00:01:56,010 Dr. Iain Percy: is obviously a global challenge. It's the NOx emissions that 34 00:01:56,010 --> 00:01:59,250 Dr. Iain Percy: are having real health effects. And in a city like 35 00:01:59,610 --> 00:02:02,370 Dr. Iain Percy: Sydney where at Circular Quay, there's a lot of people 36 00:02:02,370 --> 00:02:06,089 Dr. Iain Percy: living, working and eating around there, that's probably one of 37 00:02:06,090 --> 00:02:08,430 Dr. Iain Percy: the more immediate issues that needs to be solved is 38 00:02:08,790 --> 00:02:11,400 Dr. Iain Percy: the damage to the lungs and the health effect of 39 00:02:11,400 --> 00:02:12,358 Dr. Iain Percy: the NOx emissions. 40 00:02:12,810 --> 00:02:15,690 Sean Aylmer: How aware are we of this, Iain? 41 00:02:16,410 --> 00:02:22,139 Dr. Iain Percy: Well, I certainly wasn't aware until 2017. 2017, the International Maritime Organization 42 00:02:22,379 --> 00:02:25,169 Dr. Iain Percy: really announced it, and they said at the time, fairly 43 00:02:25,169 --> 00:02:27,660 Dr. Iain Percy: unambitiously it sounds and now that they're going to halve their 44 00:02:28,230 --> 00:02:32,760 Dr. Iain Percy: emissions by 2050. We go forward five, six years and 45 00:02:32,760 --> 00:02:36,720 Dr. Iain Percy: it doesn't really sound that impressive. And certainly with Artemis, 46 00:02:36,809 --> 00:02:40,529 Dr. Iain Percy: we're pushing to try and change domestic maritime much faster 47 00:02:40,529 --> 00:02:43,200 Dr. Iain Percy: than that. And I think there are solutions out there 48 00:02:43,200 --> 00:02:45,330 Dr. Iain Percy: today that can not only be green, but can actually 49 00:02:45,330 --> 00:02:47,880 Dr. Iain Percy: be cheaper and can actually save money. 50 00:02:47,910 --> 00:02:50,970 Sean Aylmer: Okay. So tell me about Artemis. It was spun out of 51 00:02:50,970 --> 00:02:53,639 Sean Aylmer: the America's Cup Artemis racing team, wasn't it? Did someone 52 00:02:53,639 --> 00:02:54,120 Sean Aylmer: tell me that? 53 00:02:54,120 --> 00:02:57,508 Dr. Iain Percy: Yeah, someone told you that. So yeah, I was running 54 00:02:57,508 --> 00:03:01,500 Dr. Iain Percy: Artemis Racing for the 2017 America's Cup. Artemis was a 55 00:03:01,500 --> 00:03:04,020 Dr. Iain Percy: Swedish Challenge. I'm British, and we were made up of 56 00:03:04,290 --> 00:03:06,660 Dr. Iain Percy: about 30 different countries, of which there was a lot 57 00:03:06,660 --> 00:03:09,570 Dr. Iain Percy: of Aussies, as is the case with a lot of 58 00:03:09,570 --> 00:03:12,179 Dr. Iain Percy: top sailing teams, to be honest. And so yeah, we 59 00:03:12,179 --> 00:03:15,209 Dr. Iain Percy: had a really successful campaign in 2017, but like America's 60 00:03:15,210 --> 00:03:17,429 Dr. Iain Percy: Cup is a funny competition and those will remember back 61 00:03:17,459 --> 00:03:20,668 Dr. Iain Percy: from when you guys won the Cup, it all changes, 62 00:03:20,700 --> 00:03:23,520 Dr. Iain Percy: the rules change. You're in a new country with a 63 00:03:23,520 --> 00:03:25,709 Dr. Iain Percy: new boat. And the problem with that is the team 64 00:03:25,710 --> 00:03:30,090 Dr. Iain Percy: often stop, and that's not very sustainable from a kind 65 00:03:30,090 --> 00:03:33,480 Dr. Iain Percy: of team perspective, either. So we decided we needed to 66 00:03:34,139 --> 00:03:36,359 Dr. Iain Percy: keep going, trying to do something with more long- term 67 00:03:36,360 --> 00:03:39,960 Dr. Iain Percy: sustainability for ourselves as well as for the environment. And 68 00:03:39,960 --> 00:03:43,230 Dr. Iain Percy: at the same time, the International Maritime Organization are putting 69 00:03:43,230 --> 00:03:45,450 Dr. Iain Percy: their hands up saying that we really are polluting and 70 00:03:45,450 --> 00:03:48,360 Dr. Iain Percy: it felt that we had to make a difference there. 71 00:03:48,480 --> 00:03:50,190 Dr. Iain Percy: So we kind of started with a team and with 72 00:03:50,190 --> 00:03:53,009 Dr. Iain Percy: a mission, but without a product. And that's really where 73 00:03:53,400 --> 00:03:57,060 Dr. Iain Percy: my background before sport and economics, the team's background in 74 00:03:57,060 --> 00:03:59,700 Dr. Iain Percy: physics modeling got to work. And we started looking at 75 00:03:59,700 --> 00:04:02,639 Dr. Iain Percy: lots of different solutions from wing cells on ships to 76 00:04:02,639 --> 00:04:07,259 Dr. Iain Percy: alternative fuels to hydrogen, looking for areas where there could 77 00:04:07,259 --> 00:04:10,020 Dr. Iain Percy: be a product that could make a difference, it could 78 00:04:10,020 --> 00:04:14,640 Dr. Iain Percy: reduce emissions, but it actually worked financially without state support. Because 79 00:04:15,060 --> 00:04:17,490 Dr. Iain Percy: one of the things I didn't have a huge amount 80 00:04:17,490 --> 00:04:20,700 Dr. Iain Percy: of faith in was that trying to collate the world's 81 00:04:20,700 --> 00:04:23,279 Dr. Iain Percy: state support to be in time. Now I would be 82 00:04:23,279 --> 00:04:26,489 Dr. Iain Percy: a big advocate for pushing harder and for more nudge 83 00:04:26,490 --> 00:04:30,810 Dr. Iain Percy: towards environmental change, but with the Artemis products, we're always 84 00:04:30,810 --> 00:04:33,000 Dr. Iain Percy: thinking we need to make it work without that. 85 00:04:33,600 --> 00:04:35,490 Sean Aylmer: Stay with me, Iain. We'll be back in a minute. 86 00:04:41,730 --> 00:04:45,149 Sean Aylmer: My guest today is Dr. Iain Percy, OBE, founder of 87 00:04:45,178 --> 00:04:49,620 Sean Aylmer: Artemis Technologies. Okay. So what are the products that Artemis 88 00:04:49,620 --> 00:04:54,900 Sean Aylmer: has developed that look like they have sustainable sustainability, for 89 00:04:54,900 --> 00:04:55,800 Sean Aylmer: want of a better phrase? 90 00:04:56,820 --> 00:05:00,238 Dr. Iain Percy: Well, the area that we found made financial sense was 91 00:05:00,240 --> 00:05:04,229 Dr. Iain Percy: in any part of maritime that was high speed, medium 92 00:05:04,230 --> 00:05:08,580 Dr. Iain Percy: distance. We achieve it by using some of the hydrofoiling 93 00:05:08,580 --> 00:05:11,729 Dr. Iain Percy: technology that was developed in the America's Cup. So it's 94 00:05:11,730 --> 00:05:15,178 Dr. Iain Percy: not like the hydrofoils we saw in the '70s and '80s here on 95 00:05:15,178 --> 00:05:18,029 Dr. Iain Percy: the Harbor. This is a hydrofoil, which is very much 96 00:05:18,029 --> 00:05:20,069 Dr. Iain Percy: just an airplane wing under the water, it has no 97 00:05:20,070 --> 00:05:23,879 Dr. Iain Percy: inherent stability, but thanks to modern computing and the work 98 00:05:23,879 --> 00:05:26,670 Dr. Iain Percy: that went on in top racing teams we're able to 99 00:05:26,670 --> 00:05:29,339 Dr. Iain Percy: control the boats. But the result is a dramatic reduction 100 00:05:29,339 --> 00:05:33,359 Dr. Iain Percy: in drag and what that means is finally, maritime is efficient enough 101 00:05:33,360 --> 00:05:36,449 Dr. Iain Percy: to allow battery electric to do reasonable ranges. The problem 102 00:05:36,599 --> 00:05:38,878 Dr. Iain Percy: without that, if you just put batteries in a standard 103 00:05:38,880 --> 00:05:41,580 Dr. Iain Percy: boat, it's fine if you just want to go slowly 104 00:05:41,580 --> 00:05:43,200 Dr. Iain Percy: and not go very far. But if you want to 105 00:05:43,200 --> 00:05:45,779 Dr. Iain Percy: say, come in from Manly every single morning as a 106 00:05:45,779 --> 00:05:49,290 Dr. Iain Percy: commuter, it's only viable with something like the Artemis e- 107 00:05:49,290 --> 00:05:50,130 Dr. Iain Percy: foiling solution. 108 00:05:50,520 --> 00:05:54,300 Sean Aylmer: So it's not just about electrification, it's actually also about 109 00:05:54,300 --> 00:05:58,470 Sean Aylmer: efficiency of the boat itself and less drag, et cetera. 110 00:05:59,070 --> 00:06:01,440 Sean Aylmer: What point are you at being able to roll that 111 00:06:01,440 --> 00:06:03,990 Sean Aylmer: out to potentially putting it on a Manly ferry? 112 00:06:04,710 --> 00:06:06,690 Dr. Iain Percy: Well, you're absolutely right. The two things go hand in 113 00:06:06,690 --> 00:06:11,699 Dr. Iain Percy: hand in maritime. To electrify fast maritime, you needed a 114 00:06:11,700 --> 00:06:15,748 Dr. Iain Percy: solution not only to the electrical system, the energy storage 115 00:06:15,750 --> 00:06:18,450 Dr. Iain Percy: system, but you needed a way to step change the 116 00:06:18,450 --> 00:06:20,940 Dr. Iain Percy: amount of drag that was achieved. And that's really where 117 00:06:20,940 --> 00:06:23,310 Dr. Iain Percy: the e- foiling comes in. So we have these boats 118 00:06:23,310 --> 00:06:26,160 Dr. Iain Percy: out there already. At the moment, they're being used in 119 00:06:26,160 --> 00:06:32,099 Dr. Iain Percy: the work boat sector, so smaller craft, 12 to 15 meter boats, servicing 120 00:06:32,099 --> 00:06:35,909 Dr. Iain Percy: ports, pilot boats, wind farms, and next summer we launch 121 00:06:35,910 --> 00:06:38,670 Dr. Iain Percy: the first of the ferries. So 150 pack ferries are 122 00:06:38,670 --> 00:06:43,890 Dr. Iain Percy: going to European cities to start delivering fast passenger transport. 123 00:06:44,428 --> 00:06:45,479 Sean Aylmer: That's very exciting, isn't it? 124 00:06:45,870 --> 00:06:48,420 Dr. Iain Percy: It's cool. Yeah. Yeah, it's really, really cool. I mean, 125 00:06:48,420 --> 00:06:52,260 Dr. Iain Percy: I think what's really nice is there's such an appetite 126 00:06:52,289 --> 00:06:55,380 Dr. Iain Percy: to decarbonize that people and, to an extent of faith, their 127 00:06:55,380 --> 00:06:56,760 Dr. Iain Percy: in us. And I think once you go in our 128 00:06:56,760 --> 00:06:58,980 Dr. Iain Percy: smaller boats, which have, in some ways it's harder to 129 00:06:58,980 --> 00:07:01,620 Dr. Iain Percy: do, they have a lot of faith. But it's really 130 00:07:01,620 --> 00:07:05,369 Dr. Iain Percy: nice that these European cities are taking on this fairly 131 00:07:05,370 --> 00:07:09,419 Dr. Iain Percy: radical transformative technology before they've seen it in the water. 132 00:07:09,420 --> 00:07:12,510 Dr. Iain Percy: And yeah, there's plenty of other cities sitting there waiting 133 00:07:12,540 --> 00:07:15,179 Dr. Iain Percy: to see the full scale first vessel out in the 134 00:07:15,180 --> 00:07:15,960 Dr. Iain Percy: water next summer. 135 00:07:16,710 --> 00:07:20,850 Sean Aylmer: Yeah. So it's electric maritime manufacturing, so that's happening in Australia. 136 00:07:21,480 --> 00:07:24,180 Sean Aylmer: You're selling into Europe. Am I right in that so far? 137 00:07:24,540 --> 00:07:28,589 Dr. Iain Percy: No. Well, our company's based in Belfast, Northern Ireland. But 138 00:07:28,590 --> 00:07:30,840 Dr. Iain Percy: what we make as a company is more the propulsion 139 00:07:30,840 --> 00:07:34,320 Dr. Iain Percy: systems, batteries, foils, and so we make the boats locally. 140 00:07:34,320 --> 00:07:35,640 Dr. Iain Percy: I think one of the things we don't want to 141 00:07:35,640 --> 00:07:40,080 Dr. Iain Percy: do is be slightly contradictory, shipping very heavy, big objects 142 00:07:40,139 --> 00:07:42,840 Dr. Iain Percy: all the way around the world on ships. So the 143 00:07:42,840 --> 00:07:45,119 Dr. Iain Percy: beauty of that is we get to partner. We get 144 00:07:45,120 --> 00:07:47,850 Dr. Iain Percy: to partner with local business, and the one place where 145 00:07:47,850 --> 00:07:50,250 Dr. Iain Percy: that's easy is in Australia where there's such a huge 146 00:07:50,250 --> 00:07:53,700 Dr. Iain Percy: skill in composite carbon fiber boat building. 147 00:07:54,480 --> 00:07:57,480 Sean Aylmer: So presumably that's an opportunity for Australia then if we 148 00:07:57,570 --> 00:07:58,229 Sean Aylmer: get behind it. 149 00:07:59,099 --> 00:08:02,160 Dr. Iain Percy: A hundred percent. It's an opportunity for the shipyards here 150 00:08:02,160 --> 00:08:04,469 Dr. Iain Percy: in Australia, as I said, of which there's some real 151 00:08:04,469 --> 00:08:08,160 Dr. Iain Percy: skills and it's an opportunity for the people. Because what 152 00:08:08,160 --> 00:08:12,360 Dr. Iain Percy: you have done in Australia is adopted water- based transport 153 00:08:12,480 --> 00:08:14,910 Dr. Iain Percy: as a commuter in a way that they have in 154 00:08:14,910 --> 00:08:17,399 Dr. Iain Percy: a few parts of the world. But in Sydney, as 155 00:08:17,400 --> 00:08:20,550 Dr. Iain Percy: we all know, the waterway is, it's just part of 156 00:08:20,610 --> 00:08:23,219 Dr. Iain Percy: getting to work in the morning. So the challenge with 157 00:08:23,219 --> 00:08:25,830 Dr. Iain Percy: that is because there's a lot of these ferries, it's 158 00:08:25,920 --> 00:08:27,960 Dr. Iain Percy: doing a huge amount of damage to the environment and 159 00:08:27,960 --> 00:08:30,179 Dr. Iain Percy: the health of the people locally. So I think it's 160 00:08:30,180 --> 00:08:34,020 Dr. Iain Percy: an opportunity to support the locals with faster, cleaner transport, 161 00:08:34,020 --> 00:08:37,559 Dr. Iain Percy: but also on the supply chain side to build jobs 162 00:08:37,559 --> 00:08:38,819 Dr. Iain Percy: here locally in Australia. 163 00:08:39,179 --> 00:08:42,359 Sean Aylmer: What's the government's view on this? Are they providing help 164 00:08:42,359 --> 00:08:42,959 Sean Aylmer: at this point? 165 00:08:43,380 --> 00:08:45,990 Dr. Iain Percy: As I said, I think the key for Artemis and 166 00:08:45,990 --> 00:08:48,630 Dr. Iain Percy: when we developed our first (inaudible) really is, looking 167 00:08:48,630 --> 00:08:51,599 Dr. Iain Percy: at it from an economic standpoint, was that we want 168 00:08:51,599 --> 00:08:54,630 Dr. Iain Percy: this to work without subsidy. There are many routes that 169 00:08:54,630 --> 00:08:57,209 Dr. Iain Percy: do that, and the classic Manly ferry would be one. 170 00:08:57,389 --> 00:08:59,639 Dr. Iain Percy: That because it does enough miles, it runs all day, 171 00:08:59,639 --> 00:09:02,848 Dr. Iain Percy: the efficiency of these boats pays back. There are other 172 00:09:02,850 --> 00:09:08,790 Dr. Iain Percy: routes where it's not quite going to fly without some 173 00:09:08,790 --> 00:09:11,458 Dr. Iain Percy: economic support, but we're focusing first on the routes that 174 00:09:11,460 --> 00:09:16,139 Dr. Iain Percy: do prove the concept out without needing financial subsidy. And 175 00:09:16,139 --> 00:09:20,220 Dr. Iain Percy: then from there, hopefully governments all around the world will 176 00:09:20,220 --> 00:09:23,640 Dr. Iain Percy: decide to do small nudges to decarbonize the whole of 177 00:09:23,640 --> 00:09:24,420 Dr. Iain Percy: the waterways. 178 00:09:25,230 --> 00:09:27,990 Sean Aylmer: Okay, iain Percy, what's the goal in 10 years' time 179 00:09:27,990 --> 00:09:30,509 Sean Aylmer: then? Is it to have a big chunk of the 180 00:09:30,509 --> 00:09:31,889 Sean Aylmer: waterways decarbonized? 181 00:09:32,370 --> 00:09:35,429 Dr. Iain Percy: Yeah, absolutely. And I think it's really possible. I think 182 00:09:35,429 --> 00:09:40,679 Dr. Iain Percy: domestic, high- speed, maritime, fast commuter ferries, offshore wind vessels, 183 00:09:40,679 --> 00:09:43,588 Dr. Iain Percy: offshore oil and gas vessels is one area where we 184 00:09:43,590 --> 00:09:46,708 Dr. Iain Percy: really can decarbonize and not lose money. So we've got 185 00:09:46,710 --> 00:09:49,799 Dr. Iain Percy: to jump on these opportunities. I'm someone who campaigns hard 186 00:09:50,490 --> 00:09:54,299 Dr. Iain Percy: for making a difference through technology, but I look at 187 00:09:54,299 --> 00:09:56,939 Dr. Iain Percy: a lot of solutions that aren't win- wins and I 188 00:09:56,940 --> 00:09:59,400 Dr. Iain Percy: worry about that. We have to make choices as a 189 00:09:59,400 --> 00:10:02,340 Dr. Iain Percy: society, but when we do have some low- hanging fruit, 190 00:10:02,340 --> 00:10:03,120 Dr. Iain Percy: let's grab hold of it. 191 00:10:04,050 --> 00:10:06,149 Sean Aylmer: Look, I don't think we ever have gold medalists on Fear 192 00:10:06,150 --> 00:10:08,309 Sean Aylmer: and Greed given we're a business podcast. So I have 193 00:10:08,309 --> 00:10:09,870 Sean Aylmer: to ask you, what's it like to win a gold? 194 00:10:10,109 --> 00:10:12,208 Sean Aylmer: In your case, was that the Sydney Olympics? What was 195 00:10:12,208 --> 00:10:12,569 Sean Aylmer: it like? 196 00:10:12,600 --> 00:10:15,750 Dr. Iain Percy: Sydney and then in China and London, but with the 197 00:10:15,750 --> 00:10:18,360 Dr. Iain Percy: first one here in Sydney was when I was 23 198 00:10:18,360 --> 00:10:18,990 Dr. Iain Percy: years old. 199 00:10:19,380 --> 00:10:19,500 Sean Aylmer: Wow. 200 00:10:20,370 --> 00:10:22,050 Dr. Iain Percy: I must admit, at that point, it was quite a 201 00:10:22,050 --> 00:10:25,620 Dr. Iain Percy: special feeling, but I made the mistake after Sydney of 202 00:10:25,620 --> 00:10:27,990 Dr. Iain Percy: thinking it was all down to talent. But when Athens 203 00:10:27,990 --> 00:10:30,570 Dr. Iain Percy: came along, I learned very much the hard way. Talent 204 00:10:30,720 --> 00:10:33,660 Dr. Iain Percy: has nothing to do with hard work, and so the 205 00:10:33,660 --> 00:10:36,420 Dr. Iain Percy: next medals then flowed after that. But for sure, it's 206 00:10:36,420 --> 00:10:40,620 Dr. Iain Percy: a special thing to do. For me, it's sport, business, 207 00:10:40,679 --> 00:10:42,660 Dr. Iain Percy: it's always about the journey. It's about the people you're 208 00:10:42,660 --> 00:10:44,610 Dr. Iain Percy: doing it with. The standing on the podium at the 209 00:10:44,610 --> 00:10:48,059 Dr. Iain Percy: end, it generally gives you a hangover, but the real 210 00:10:48,059 --> 00:10:50,340 Dr. Iain Percy: fun is made in the teamwork beforehand. 211 00:10:51,179 --> 00:10:52,770 Sean Aylmer: Iain, thank you for talking to Fear and Greed. 212 00:10:53,100 --> 00:10:54,120 Dr. Iain Percy: Thank you. Thanks, Sean. 213 00:10:54,750 --> 00:10:57,480 Sean Aylmer: That was Dr. Iain Percy, OBE, former Olympic sailing gold 214 00:10:57,480 --> 00:11:01,199 Sean Aylmer: medalist and founder of Artemis Technologies. You've been listening to 215 00:11:01,200 --> 00:11:03,360 Sean Aylmer: the Fear and Greed daily business interview. Don't forget to 216 00:11:03,360 --> 00:11:05,458 Sean Aylmer: join us every morning for the full episode of Fear 217 00:11:05,458 --> 00:11:09,390 Sean Aylmer: and Greed, Australia's best business podcast. I'm Sean Aylmer. Enjoy 218 00:11:09,390 --> 00:11:09,809 Sean Aylmer: your day.