Basics of How FCM Compares 9.2M dairy cows & 95M beef cows in US alone Low startup risk - SG&A, R&D nearly paid for Introductory gross margin on 500 units = $194 / 63.6% Margin improves with Key Differentiator : FCM drives behavioral intervention —it’s not (yet) a monitor, like most tech, it actively triggers a biologically beneficial response : movement → feed intake → immune recovery & optimization → lowered health cost → increased milk yield → reproductive readiness. Feature Fresh Cow Manager Other Technologies Targeted Intervention ✔ Tail-nerve-based activation ✖ Monitoring-only Immediate Activity Impact ✔ Rapid behavior change ✖ Passive or delayed Labor Efficiency ✔ Quick stimulation, no meds ✖ Drenching, feeding labor Drug-Free ✔ Natural activation ✖ Additives, antibiotics ROI Potential ✔ Health + yield boost ✖ Mixed clinical outcomes CapEx Friendly ✔ Simple device ✖ Boluses, sensors costly

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