Good afternoon. My name is Chris Morgan. I'm the CEO and founder of Hoverlink Ontario.
Hoverlink Ontario is launching, in the summer of 2023, a passenger service that connects the two largest tourist regions in Ontario. The service is fast, reliable and affordable.
I want to expand on that. The service will see two craft of 180-passenger capacity crossing 48 times per day, 365 days per year. They are not impacted by ice, cold or heat. The amphibious vehicle design creates an advantage over traditional marine vessels. It's designed to meet the needs of an ever-changing world.
Hoverlink's mission is to launch a sustainable transit option for the congested Golden Horseshoe and very quickly accelerate the move to an EV platform.
The passenger service is game-changing. Since our press release, we have had over 150 million digital impressions and received significant support for the service from constituents and all levels of government. There is an obvious need for a rapid hovercraft solution.
Why are hovercraft a superior option? Hoverlink’s craft have been modified to enhance their ability to operate in extreme and urban environments. They are significantly quieter than the older predecessors. They are energy-efficient and have reduced sound transference to protect our marine life. They are shoreline-positive as they create no wake or wash.
The assumptions are that the average C02 per car is 0.21 kilograms per kilometre. A 1:1 ratio of passengers on the craft to automobiles provides us with a significant and immediate reduction of GHG for route one at the launch. Our efficiency is unmatched. As we hover over the water, the energy requirements to mobilize the craft do not change with the gross tonnage on board.
In the example that we have listed in our deck, which you all have a copy of, the blue line represents the same volume of our business modelling of cars and freight travelling by traditional means. The orange line represents our craft’s emissions moving that same volume of passengers and freight. We assume modest volume for this phasing, with only four passenger craft moving over six million passengers per year, and 12 cargo craft.
This also accounts for Hoverlink using biodiesel at launch, which sees the cumulative GHG emission reduction improve. We are currently working with Mercedes, Rolls-Royce, Siemens and Marconi to facilitate the move to electric propulsion engines and ensure that we create an end-to-end sustainable transit solution. This represents a move to EV and we are actively developing this technology to meet a net-zero goal by 2028.
Our R and D platform is robust and has us designing, through these models, end-to-end sustainability and a renewable EV platform in an eco-friendly manner. Our infrastructure planning not only sees us providing sustainable passenger and cargo options, but it also ensures that our infrastructure builds are sustainable, renewable and eco-friendly.
The hurdles noted, when asked about this when interfacing with government, are silos of decision-making; navigating the funding programs, champions and electoral changes; reluctance to change; and communication barriers between all governments.
Our business plan is centred around people, planet and profit. We have a value proposition that includes expansion on the Great Lakes and other regions of Canada and North America, sovereignty protection, and a solution for the impacts of climate change on the Great Lakes and surrounding waterways, like the melting of ice roads and the flooding of lowlands and environmentally sensitive areas—