4DS MEMORY LIMITED — Investor Presentation 2017

Jul 16, 2017

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A STORAGE CLASS MEMORY SOLUTION IN THE MAKING.

Investor Presentation – July 2017

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DISCLAIMER IMPORTANT NOTICE:

This presentation has been prepared by 4DS Memory Limited. (“4DS” or the “Company”) based on information available to it as at the date of this presentation. The information in this presentation is provided in summary form and does not contain all information necessary to make an investment decision.

This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in 4DS, nor does it constitute financial product advice or take into account any individual’s investment objectives, taxation situation, financial situation or needs. An investor must not act on the basis of any matter contained in this presentation but must make its own assessment of 4DS and conduct its own investigations. Before making an investment decision, investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. 4DS is not licensed to provide financial product advice in respect of its securities or any other financial products. Cooling off rights do not apply to the acquisition of 4DS securities.

Although reasonable care has been taken to ensure that the facts stated in this presentation are accurate and that the opinions expressed are fair and reasonable, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of 4DS, its officers, directors, employees and agents, nor any other person, accepts any responsibility and liability for the content of this presentation including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of or reliance on any of the information contained in this presentation or otherwise arising in connection with it.

Forward looking statements

This presentation contains certain forward looking statements that are based on the Company’s management’s beliefs, assumptions and expectations and on information currently available to management. Such forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results or performance of 4DS to be materially different from the results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the political and economic environment in which 4DS will operate in the future, which are subject to change without notice. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements or other forecast.

To the full extent permitted by law, 4DS and its directors, officers, employees, advisers, agents and intermediaries disclaim any obligation or undertaking to release any updates or revisions to information to reflect any change in any of the information contained in this presentation (including, but not limited to, any assumptions or expectations set out in the presentation).

The information presented in this presentation is subject to change without notice and 4DS does not have any responsibility or obligation to inform you of any matter arising or coming to their notice, after the date of this presentation, which may affect any matter referred to in this presentation.

The distribution of this presentation may be restricted by law and you should observe any such restrictions.

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MORE DATA HAS BEEN CREATED IN THE LAST TWO YEARS THAN IN ALL PRECEDING HISTORY.

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DRIVEN BY:

Mass adoption of mobile devices.

Increasing demand for digital content.

Proliferation of cloud based services.

Emergence of the Internet of Things.

BY 2020:

4X data stored in Flash.

5X data stored in the Cloud.

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THIS DATA EXPLOSION PRESENTS HUGE CHALLENGES.

The semiconductor industry recognises the challenge and is investing billions of dollars annually on research and development to create a solution.

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THE CHALLENGE.

Currently DRAM and Flash are the main technologies utilized today.

Both are US$40 billion markets and the technologies are over 30 years old.

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NAND Flash is slower, cheaper by the day and non-volatile

DRAM is super fast, expensive & volatile

A new innovation is required and the industry refers to it as Storage Class Memory

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STORAGE CLASS MEMORY.

Emerging as the leading category to extend the memory hierarchy.

STORAGE CLASS MEMORY

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Combines the best characteristics
of DRAM and FLASH
Storage
Memory
HDD
NAND Non-Volatile
(Flash)
PCM Volatile
MRAM
ReRAM DRAM
SRAM
Die Cost ($/GB)
Access Time (Sec)
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Battleground for next generation memory technology.

– Faster DRAM-like read speed

Cheaper – Flash-like costs

– Non-volatile Retains data when power is off

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THE SOLUTION.

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World-leading Silicon Valley based ReRAM developer

4DS is the most advanced Interface Switching ReRAM

18 US patents developed and granted, 5 pending

Multiple significant technical achievements 2016/2017

Strategic partnership with Western Digital subsidiary HGST

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BENEFITS OF 4DS INTERFACE SWITCHING RERAM.

Breakthrough Storage Class Memory technology.

Higher density / scalability Lower power consumption Greater endurance and reliability Faster access speed and performance Ability to retain data Simple manufacturing steps

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4DS MEMORY ReRAM IS UNIQUE.

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Doesn’t suffer from large random read current fluctuations

No speed crippling error correction required

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Suffers from large random read current fluctuations Requires speed crippling error correction

4DS is not aware of any other ReRAM technology that can make these claims

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MARKETS FOR STORAGE CLASS MEMORY.

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CLOUD
INTERFACE
SWITCHING DATACENTERS
ReRAM
MOBILE DEVICES
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JOINT DEVELOPMENT AGREEMENT.

HGST , is a subsidary of Western Digital Corporation (US$27 billion market cap), the largest global leader in digital storage.

Strategic innovator in emerging high growth technologies

Commenced in 2014 – Renewed for the 3rd time in July 2017

Collaboration provides access to HGST’s expertise

Siva Sivaram, Head of Memory at Western Digital, commented “We are committed to ReRAM, it is scalable with greater density, lower cost and latency and longer endurance”*

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*12/8/2016 EE Times – 14 Views from the Flash Summit

MILESTONES REQUIRED FOR COMMERCIAL VIABILITY.

4DS Interface Switching ReRAM has displayed 3 of the

4 key characteristics.

ACHIEVED

SCALABILITY

ACHIEVED ENDURANCE

ACHIEVED READ SPEED

TESTING DATA RETENTION

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A C H I E V E D SCALABILITY

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4DS achieved working 40nm Interface Switching ReRAM cells for the first time in October 2016

Achieving this milestone significantly de-risks the technology

Scalability to 40nm is vital for Storage Class Memory

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Importantly Interface Switching ReRAM currents scale with cell size

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A C H I E V E D ENDURANCE

Endurance is another critical feature to ensure application in Storage Class Memory

4DS Interface Switching ReRAM has shown excellent endurance cycling to date

The Company has tested over 1000 cells of different sizes

Testing demonstrated no failure across a number of cell sizes after 100,000 cycles

On-going test work currently underway pushing significantly beyond 100,000 cycles

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03

A C H I E V E D READ SPEED

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Achieved comparable DRAM read speed with Interface Switching ReRAM No speed crippling error correction required Both are significant technical breakthroughs Something considered by industry players as unattainable until now Patents are pending to secure IP for this technical breakthrough

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T E S T I N G DATA RETENTION

Data retention testing is now the focus of 4DS engineers

Initial results are encouraging Results expected mid 4[th] quarter 2017 Data Retention is targeted between DRAM and Flash

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CORPORATE OPTIONS.

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LICENSING
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Upon establishing viability of Interface Switching ReRAM, 4DS is well positioned to attract additional IP licensing deals with large scale data storage companies.

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ACQUISITION
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The semiconductor manufacturing and development space is acquisitive in nature, with many dominant players acquiring smaller companies developing unique technologies.

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USD $19BILLION

RECENT ACQUISITIONS.

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USD $5BILLION
USD $685M
USD $540M
USD $340M
Acquirer
2013 2013 2014 2015 2016
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MILESTONES TO DATE / DEVELOPMENT TIMELINE.

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4DS ReRam Reaches Read DATA RETENTION
Speed Comparable to DRAM Technical evaluation underway
Achieves
Endurance Milestone
Achieves Working Granted Granted Continue fabrication refinements, CORPORATE
40nm ReRam Cells 17th Patent 18th Patent characterising and testing • Licensing IP
• Strategic Partnership
Additional patents
AU$4.0 Million Renews • Acquisition of 4DS
to be granted / filed
Placement HGST Agreement
October 2016 December 2016 June 2017 2 [nd] Half 2017 Opportunities
going forward
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BOARD AND MANAGEMENT.

Global expertise founding and building high-tech companies.

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JIM DORRIAN

Non-Executive Chairman

Served as CEO of several Silicon Valley companies Extensive M&A experience

Partner at VC firm Crosspoint Venture Partners

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Last transaction was the sale of Bill Me Later – a company Jim founded and sold to PayPal for US$1 billion

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Dr GUIDO ARNOUT

CEO & Managing Director

30+ years in commercialising electronics technology

Successes include, PowerEscape, CoWare, CrossCheck Technology and Silvar-Liso

DAVID McAULIFFE

Executive Director

Experienced company director

Involved in numerous capital raisings and in-licensing of technologies

Founder of several companies in Australia, France and the UK, many of which are now ASX listed

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HOWARD DIGBY

Non-Executive Director

Former senior roles at IBM, Adobe, Gartner and the Economist Group

Non-Executive Director of HearMeOut and Elsight

Advisor to a number of early stage technology companies

MICHAEL VAN BUSKIRK

Chief Engineering Officer

Executive roles with a number of leading memory companies in Silicon Valley

These include, Adesto Technologies Corporation, Innovative Silicon Inc and Spansion Inc.

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CAPITAL STRUCTURE.

ASX Code	4DS
Market Cap (Fully Diluted)	$29 Million
Ordinary Shares on Issue	845.6 Million
Unlisted Options	106.6 Million
Cash	$3.1 Million – March 2017
Board and Management	8%
Top 20	36%

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SUMMARY.

4DS is developing a breakthrough Interface Switching ReRAM Storage Class Memory solution

Significant progress to date – Data Retention studies underway

Four year strategic partnership with the leader in digital storage

Consistently achieves stated milestones

Strong patent portfolio wholly owned and developed in-house over the past 10 years World-class team of memory specialists, material scientists and test engineers Board experienced in founding, building and exiting high tech companies

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4DS is addressing the massive memory storage demands of tomorrow

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THANK YOU

SILICON VALLEY

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ABN 43 145 590 110

ASX Code: 4DS

3155 Skyway Court Fremont CA 94539 UNITED STATES

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AUSTRALIA
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Level 2, 50 Kings Park Road West Perth WA 6005 AUSTRALIA

www.4dsmemory.com david@4dsmemory.com

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