00:00 Speaker a
Train technology today sounds opening the bell, marking five years after it launches. The train builds climate systems that protect buildings, factories, trucks and data centers to efficiently cool or heated; The list of becoming companies is on the Time list. Currently with me, David Reknery, CEO of Train Technology. Dave, thank you for joining us today. UH, it seems that the New York Stock Exchange is very fun. I want to ask five years, you turn the clock
00:40 Speaker a
And I linked this beginning around 2020. March The beginning, a very favorable time to start a new business. What did you learn through pandemia and how did you then make it work? I notice that your stock increases by about 330% of the lowest lowlands of those pandemic.
00:55 David Regnery
Yes, well, first of all, thank you for adding me to your show. Nice to come back. Hm, look, we, I just we just raised the opening account. You showed the clip. It is always interesting on the New York Stock Exchange. First of all, just because there is so much story there that you can just absorb through the hall. But, I introduced the opening UH presentation to our investors and most of our employees, and we talked about where we were five years ago? And uh, you know, you think about it five
01:27 David Regnery
A year ago, our income was $ 12 and a half billion dollars. Our shares were less than $ 100, slightly less than $ 100. The upper limit of our market was like 35 billion. We had 35,000 employees. And then you look today, five and five years later, it sounds like a long time, but it’s a really short time. I mean it is 46,000 employees. This year, our income will be about 21 billion. The upper limit of our market is greater than 90 billion, the price of our shares exceeds $ 400. And it was a great ride. But what did I say our
01:58 David Regnery
Employees, see, we have been driving well in the last five years and we should all be proud of it. I am really proud of this as CEO, but I would tell you that the future is very bright, and the best days of our days are still train techniques. I
02:12 Speaker a
I like to think as well. I’m an optimist here. I want to ask you about AI and how your company fits into that trade. Data centers, they create a lot of heat and you are Swok, including the cooling business. How you apply this AI trade that has recently noticed a huge interest in investors as utilities to utilities.
02:37 David Regnery
Yes, I mean, first of all, we have been in the vertical of a strong data center for decades, well, not just the last two years of UH. Hm and yes, they create a lot of heat and we remove a lot of heat from these data centers. We work very closely with HyperCaler. They talk a lot in our labs a lot about what will happen next and
03:00 David Regnery
Data center vertical technology moves very, very quickly. So the solutions we had just three years ago have now changed and we have constantly invented better cooling methods, better ways to make sure that the data center can work very efficiently. So, we look, we love the Data Center vertical, but we are also very, very strong in all our verticals. We observe 14 different verticals, and in the second quarter we had strong results in most of our verticals. So
03:36 David Regnery
where many companies just work after data centers. We were there. It is good that we are strong today, we will be very strong in the future. Look at the main markets, and that is, you know that we are also very focused on it. And with the direct sales force, we can take advantage of it.
03:52 Speaker a
Thinking ahead, at the end of the UH year, 2025, even next year, what is the main risk and the possibilities you see?
04:02 David Regnery
Look, I think, you know, we are always talking about our culture in train technology and how do we not like to think about problems, we like to solve problems, right? So we are always a little more optimistic than many companies. But obviously you know that we, we come for tariffs, okay? Understanding the effect there, we try to soften it. I think I was talking to Washington and we were like a model company, right? We, you know, we are in the region,
04:31 David Regnery
Right? We are a company whose administration is actually looking for. We produce in the region we sell our products universally. We created over that five -year period, we created more than 3,600 jobs here in the US. So, look, we think uh will be short -lived as much as we experience it. People will begin to understand it. More important is about what the future looks like and we have such great solutions where we can save our customers
05:07 David Regnery
Lots of dollars, okay? And this is because most buildings work very inefficiently, about 30% inefficiently and we can help them significantly reduce it. So you are thinking about it, we have a great payback of our products and it reduces the carbon trace.
05:25 Speaker a
We stayed about 30 seconds. Are there final words for your investors here?
05:29 David Regnery
My investors, I would tell you that UH, train technology, the best of our days are in front of us. And yes, for the last five years we have run well, but I, I have a great deal of confidence in my future and have such great solutions, such great innovations as train technology that I will come back in five years and hope we have the same Akrank as we have seen in the past.
05:52 Speaker a
It is good that we will save the place here. Thank you for that. Appreciate you. Evaluate
05:55 David Regnery
Okay, sounds good. Having me on the show.