WEBVTT

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>> IT'S TIME TO GO INSIDE

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INNOVATION.

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19 UNIVERSITIES, FROM 8

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COUNTRIES FORMING 9 TEAMS, ONCE

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AGAIN MADE HISTORY AS THEY

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COMPETED IN THE AUTONOMOUS

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CHALLENGE AT CES, THE CONSUMER

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ELECTRONICS SHOW IN LAS VEGAS,

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IN THE FIRST HIGH-SPEED,

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HEAD-TO-HEAD AUTONOMOUS RACECAR

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COMPETITION.

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WITH MORE ON HOW THESE

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COMPETITIONS ARE HELPING ADVANCE

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TECHNOLOGY THAT CAN SPEED THE

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COMMERCIALIZATION OF AUTONOMOUS

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VEHICLES AND HOW THAT COULD HAVE

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AN IMPACT HERE IN INDIANA...I'M

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PLEASED TO WELCOME BACK TO THE

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SHOW ENERGY SYSTEMS NETWORK

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PRESIDENT & CEO PAUL MITCHELL.

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PAUL, THANKS FOR JOINING US.

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>> GLAD TO BE HERE, GERRY.

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>> Gerry: THIS WAS A COOL EVENT

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AT CES, A MASSIVE CONSUMER

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ELECTRONICS SHOW IN VEGAS.

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TALK ABOUT THE BUZZ THAT WAS

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CREATED BY THIS HEAD-TO-HEAD

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COMPETITION ON THE TRACK AT LAS

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VEGAS MOTOR SPEEDWAY.

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>> YES.

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SO, THE INDY AUTONOMOUS

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CHALLENGE IN THIS AUTONOMOUS

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CHALLENGE PASSING COMPETITION

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THAT WE HELD AT THE LAS VEGAS

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MOTOR SPEEDWAY WAS REALLY

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THE -- ONE OF THE TOP, MAYBE THE

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TOP TRENDING TOPIC AT CES THIS

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YEAR.

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SO, IT GOT A LOT OF ATTENTION,

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NOT ONLY FROM AUTOMOTIVE

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INDUSTRY EXHIBITERS, BUT

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ADVANCED COMPUTER TECHNOLOGY,

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SENSORS, JUST THE WHOLE IT

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INDUSTRY WAS LOOKING AT THIS AS

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A REALLY UNIQUE PLATFORM.

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OF COURSE, IT WAS GREAT TO BE

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THERE WITH OUR PARTNERS FROM THE

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INDIANA ECONOMIC DEVELOPMENT

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CORPORATION WHO WERE

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CO-EXHIBITERS AT THE CONFERENCE

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WITH INDY AUTONOMOUS CHALLENGE.

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>> Gerry: YOU LOOK AT THIS

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PROGRAM THAT YOU AND OTHERS HAVE

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BEEN WORKING ON FOR SOME TIME

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NOW, AND HOW IT HAS LEAPFROGGED

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AHEAD AND ADVANCED.

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IT BEGAN FROM HAVE VISIBILITY

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STANDPOINT AT THE INDIANAPOLIS

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MOTOR SPEEDWAY, THERE WAS NOT

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PASSING INVOLVED.

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THIS TAKES IT TO A TOTALLY

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DIFFERENT LEVEL WITH THE PASSING

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OUT ON THE TRACK.

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AND I KNOW THAT WAS PART OF WHAT

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REALLY CREATED THAT BUZZ OUT AT

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CES.

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WHAT DOES THIS MEAN, PAUL, IN

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YOUR VIEW?

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THIS ADVANCES AUTONOMOUS

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TECHNOLOGY, BUT BECAUSE IT HAS

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THE INDY BRAND, THE INDY NAME,

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SO MUCH HAPPENING HERE IN

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INDIANA.

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WHAT COULD THAT MEAN FOR THE

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FUTURE HERE IN INDIANA?

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>> SO, YOU KNOW, FIRST IN

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OCTOBER, WE KIND OF WOKE THE

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WORLD UP TO THIS CONCEPT OF

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AUTONOMOUS VEHICLES ON A

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RACETRACK.

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THEN WE TOOK IT TO THE NEXT

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LEVEL IN LAS VEGAS WITH

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HEAD-TO-HEAD PASSING, WHICH YOU

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NEED TO DO IN ORDER TO REALLY

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SHOWCASE WHAT AUTONOMOUS

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TECHNOLOGY IS CAPABLE OF.

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WHAT DOES IT MEAN FOR INDIANA?

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ALL OF THESE TEAMS, THE TALENT

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THAT MAKES THESE TEAMS UP, ARE

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SPENDING TIME HERE, THEY HAVE

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CONNECTS BACK IN INDIANA, SOME

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OF THE TEAMS INCLUDING THE

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TECHNICAL UNIVERSITY OF MUNICH

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WHICH WON THE COMPETITION IN

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OCTOBER AT IMS AND CAME IN

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SECOND IN VEGAS, THEY'VE ALREADY

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SPUN OUT A COMPANY, DRIVE BLOCKS

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AND THINKING ABOUT LOCATING THAT

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COMPANY'S NORTH AMEICAN OFFICES

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HERE IN INDIANA.

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THE GOAL IS NOT JUST TO HOLD

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THESE EVENTS, WHICH ARE FUN AND

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EXCITING AND DRAW A LOT OF

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ATTENTION, BUT TO ACTUALLY

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GENERATE ECONOMIC GROWTH,

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INVESTMENT, COMPANIES, AND

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THAT'S WHY OUR PARTNERSHIP WITH

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THE ECONOMIC DEVELOPMENT

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CORPORATION IS SO CRITICAL.

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BECAUSE AS WE DRAW THAT

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ATTENTION, THEY HELP TRANSLATE

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THAT INTO JOBS AND INVESTMENT

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FOR THE STATE.

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>> Gerry: YOU MENTIONED THE

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INDIANA ECONOMIC DEVELOPMENT

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CORPORATION BEING OUT THERE.

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IT WAS ONE OF THE NUMBER ONE

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TRENDING ITEMS AT CES, I THINK

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CBS HAD SOMETHING LIKE 700

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MILLION IMPRESSIONS, THAT SAYS A

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LOT AND GETS INDY AND INDIANA

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OUT IN THE MAIN STREAM, IF YOU

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WILL, IN A BIG WAY.

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THAT, AGAIN, CAN TRANSLATE

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POTENTIALLY, AS YOU MENTIONED, A

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STARTUP SPINNING OUT OF THE ONE

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ORGANIZATION CAN MEAN MORE IN

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THE FUTURE.

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>> YEAH.

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THAT'S ABSOLUTELY RIGHT.

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IT'S ALSO GOING TO HELP US AS WE

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TRY TO ADVANCE INDIANA'S LEGACY

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AUTOMOTIVE INDUSTRY, ALL OF OUR

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CAR COMPANIES, TOYOTA, GM,

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SUBARU, HONDA, THEY'RE ALL

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MOVING TOWARDS MORE ADVANCED

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TECHNOLOGY VEHICLES, CARS THAT

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CAN BE SELF-DRIVEN OR HAVE MORE

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ADVANCED TECHNOLOGY ON THEM.

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AND SO IF WE CAN BE A PLACE

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WHERE THE TALENT COMES TO TEST

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AND VALIDATE THAT AND DO SO IN

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EXCITING WAYS WITH MOTORSPORTS,

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IT IS GOING TO HELP ATTRACT NEW

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COMPANIES AND HELP THOSE

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COMPANIES HERE IN INDIANA

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UNDERSTAND THAT THIS IS A PLACE

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THEY WANT TO CONTINUE TO INVEST.

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>> FINAL QUESTION FOR YOU, YOU

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BROUGHT IT UP THERE, I THINK

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IT'S INTERESTING.

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THIS OBVIOUSLY IS NEW CUTTING

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EDGE TECHNOLOGY.

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HOW IMPORTANT IS INDIANA'S

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LEGACY IN THE AUTOMOTIVE

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INDUSTRY, SO STRONG AND RUNS SO

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DEEP?

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>> IT'S CRITICAL.

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I MEAN, YOU KNOW, THE TRANSITION

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FROM INTERNAL COMBUSTION ENGINE

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VEHICLES TO MORE ELECTRIC

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VEHICLES IS OBVIOUSLY SOMETHING

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WE'VE WORKED A LOT ON ON ESN,

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NOW TO AUTONOMOUS VEHICLES, IT

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IS STILL GOING TO REQUIRE THE

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SAME BUILDINGS BLOCKS, SAME

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INVESTMENTS, THE GOAL IS TO KEEP

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AS MUCH OF THAT HERE IN INDIANA

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AS WE CAN, AND TO GROW THAT PIE

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BY BRINGING NEW COMPANIES IN.

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SO THE LEGACY COMPANIES ARE

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RIGHT THERE WITH THE NEW

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COMPANIES AS A TOP PRIORITY.

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>> A STORY WE'LL CONTINUE TO

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FOLLOW, PAUL MITCHELL, CEO AT