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Speaker 1: Now over to the First Word Breaking News desk for
Speaker 1: today's afternoon call with Bill Maloney. Bill Good afternoon, Catherine Nane.
Speaker 1: Savages have reversed their morning losses. Dall Is currently hired
Speaker 1: by sixty seven points, says it's game five and as
Speaker 1: that rises by twelve, the small cap six hundres hired
Speaker 1: by three points, and the US ten yield at one
Speaker 1: point seven eight per cent. Eight out of tennis B
Speaker 1: sectors are rising, led by games and Materials, Industrials and telecom.
Speaker 1: Utilities and healthcare fell down. Transports gained sixties seven as
Speaker 1: a bi techs fall thirty, and the vix is down
Speaker 1: six percent. Down. Leaders to the upside included IBM, Walmart
Speaker 1: and American Express. Merkan Apple led to the downside. Earnings
Speaker 1: movers included Endo International, which fell as much as forty
Speaker 1: two to the Lowison's two thousand and two, while Activision
Speaker 1: gained as much as eight point nine percent after as
Speaker 1: results live from the first breaking news as Gombow Maloney, Katherine,
Speaker 1: thank you, Bill and to hear live breaking news over
Speaker 1: your Bloomberg type s q U A K on your terminal,
Speaker 1: and here's some breaking news. The deal to make at
Speaker 1: Charter Communications and number two cable company in the country,
Speaker 1: has cleared the last federal hurdle. Charter It's murder to
Speaker 1: buy time Warner Cable has been approved by the FCC
Speaker 1: and we'll have war details as they become available. That's
Speaker 1: a Bloomberg business flash. You're listening to taking stock with
Speaker 1: Kathleen Hays and Pim Fox on Bloomberg. Radio accelerators accelerators
Speaker 1: for the aerospace and defense industry. What are they? How
Speaker 1: do they work? Well, that's why we have Van s. Pabodi.
Speaker 1: He is a partner and a co founder of Starburst Accelerator.
Speaker 1: They are based in Los Angeles. They can be followed
Speaker 1: on Twitter at star Burst I double n O V
Speaker 1: as an innovation. Well, Van joins us now here in
Speaker 1: the studio. All right, so innovate, help us understand this
Speaker 1: world of accelerators and defense and aerospace companies. What's this
Speaker 1: all about, Van? I guess the first thing you'd have
Speaker 1: to think about is the generational gap this world of
Speaker 1: Silicon Valley startups, even those startups here in the New
Speaker 1: York area that are trying to find a way to
Speaker 1: access these big aerospace brands. Who to go out? Who
Speaker 1: do I talk to at Boeing at Airbus to help
Speaker 1: me get that product into the marketplace. Well, when you
Speaker 1: talk about the marketplace, is it to sell ideas and
Speaker 1: products to the actual aerospace companies or to go directly
Speaker 1: to the US government, or maybe a mixture of both.
Speaker 1: It's a mix. It's never that straightforward. Most people have
Speaker 1: difficulty navigating these big rules and how to become a supplier.
Speaker 1: Some tend to represent the future of the industry around
Speaker 1: drone technology, um transporter systems. You know, even technologies as
Speaker 1: interesting as hyperloop might not be aerospace related, but it
Speaker 1: requires the same sort of engineering. And the background of
Speaker 1: Starburst has international routes. That's correct. We started in Paris
Speaker 1: about three years ago and the model UM was easier
Speaker 1: to be organized because the supply chain in Europe is
Speaker 1: much more hierarchical. So it was pretty exciting to get
Speaker 1: that off the ground and have some good success case
Speaker 1: studies there and then bring it over here less than
Speaker 1: a year ago, and we had our first event last
Speaker 1: October and it's been ramping up pretty quickly since. Give
Speaker 1: us an idea of some of the companies that you've
Speaker 1: been working with and some of the services you've been providing.
Speaker 1: The word aerospace means a lot of different things to
Speaker 1: allot of different people, but UM space and drones tend
Speaker 1: to be the low hanging fruit, those that really start
Speaker 1: to resonate with people. But there's a lot of infrastructure
Speaker 1: in between those two world that has just as much
Speaker 1: opportunity to grow in the industry. So we're learning about
Speaker 1: new materials and nanotechnology. We're learning about air traffic systems
Speaker 1: for drones, we're learning about electric propulsion systems for small satellites.
Speaker 1: The size of our fists what would be an example
Speaker 1: of an actual company. So some of the companies that
Speaker 1: have presented our panels include a millimeter wave radio frequency
Speaker 1: UM technology that's spun out of Ireland, out of a
Speaker 1: lab there and they're getting a lot of love from
Speaker 1: the corporate partners that support our program. Um. They're called
Speaker 1: a Rolis. Another one I can think of is called Axion.
Speaker 1: It's developed a nanotechnology for electric propulsion systems really to
Speaker 1: make the best use of energy while traveling in space. Um,
Speaker 1: something around the passenger experience can be around in flight
Speaker 1: entertainment systems. We're working with companies that are developing lightweight
Speaker 1: seed technology based out of Singapore. We've also learned about
Speaker 1: a company that identifies alerts if a drone is flying
Speaker 1: near an airport to avoid any sort of collision. Well,
Speaker 1: what's that company? Because that company is called Airmap air Map,
Speaker 1: and that is something I would imagine that local as
Speaker 1: well as federal officials would be interested in. Exactly. They've
Speaker 1: done very well too, uh, create the attention at a
Speaker 1: federal level and work very closely with the policy holders
Speaker 1: in the f a A and the White House. Having
Speaker 1: said that they in order for this to really get
Speaker 1: the traction, they've got to work with the drone operators
Speaker 1: and as well as the local airports. So it's a
Speaker 1: pretty major undertaking to get that sort of trial and
Speaker 1: pilot programs in place with specific air fields. What kind
Speaker 1: of money does an accelerator like Starburst offer potential companies.
Speaker 1: So most startup startups at a seed stage that have
Speaker 1: some strong I P and they really have a pattern
Speaker 1: or two pending really ready to kind of hit the
Speaker 1: ground running. They're still really small. They're looking for anywhere
Speaker 1: from half a million k too as big as ten million.
Speaker 1: But it's up to us to kind of walk them
Speaker 1: through the process and saying some of the whether or
Speaker 1: not some of their what they're asking for from these investors,
Speaker 1: including us, is unrealistic or not, and whether or not
Speaker 1: we can help them reduce that scope through partnering with
Speaker 1: some of the corporates, which is a critical component of
Speaker 1: what we do. The company safety Line is one of
Speaker 1: the companies you've been involved with, and I wonder if
Speaker 1: you could just describe what they do and how they
Speaker 1: connect with what you're trying to achieve. Safety Line has
Speaker 1: developed an algorithm that analyzes the black box data that
Speaker 1: most people tend to only identify after an incident has
Speaker 1: been made. So what they've done, very carefully and very
Speaker 1: creatively is use some deep learning algorithm to understand the
Speaker 1: behavior of an aircraft during the climb phase as a
Speaker 1: and in order to then provide guidance to a pilot
Speaker 1: to say, as you're climbing, if you change the speed
Speaker 1: during your client phase, you can save up to temper
Speaker 1: cent a fuel. So what they're doing is they're offering
Speaker 1: airlines this software suite to say, if you run this
Speaker 1: through your flight management system, we can help you achieve
Speaker 1: tem percent fuel reduction in your overall fleet. And if
Speaker 1: you're able to do it, offer them a creative business
Speaker 1: model to say, we'll take ten percent of the ten percent. Alright, good,
Speaker 1: thank you very much for spending time with us. Evan S.
Speaker 1: Pabodi he is the partner and the co founder of
Speaker 1: Starburst Accelerator. They're based in Los Angeles and they can
Speaker 1: be followed on Twitter at Starburst. I double n O
Speaker 1: v as in innovation companies creating new products and services
Speaker 1: for the aerospace and the defense industry. Coming up on
Speaker 1: taking Stock, we're going to be talking about impact investing.
Speaker 1: Black Rock has a new exchange traded fund and focuses
Speaker 1: on sustainable investing. We'll find out why that is a
Speaker 1: growing portion of people's investment portfolio. Next Bloomberg, taking Stock
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