WEEBIT NANO LTD — Interim / Quarterly Report 2022

Jul 31, 2022

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Delivering to plan 1 August 2022

Key Q4 FY22 Highlights

• Successfully completed technology transfer to SkyWater’s production fab, taped-out demo chips

• Demonstration chips (from Leti) completed functional testing

• Publicly demonstrated the ReRAM IP module for the first time

• Very good initial qualification results of Leti wafers

• Bolstering marketing and sales activities

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Significant progress in last 12 months
July 2022
Initial qual results
June 2022
28nm of Leti
Tape-out of IP manufactured
June 2022 module to
memory module
ReRAM IP SkyWater foundry
MAR. 2022 module fully
Start scaling the functional, live
NOV. 2021 technology to demonstration
Raised additional 22nm FD-SOI
OCT. 2021
$36m in ASX, led by
Demonstrated
Meitav-Dash, a major
SEP. 2021 1Mb ReRAM
Israeli institution
Secured arrays in
commercial deal; 28nm FDSOI
qual planned
early 2023
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Technology Transfer to SkyWater Fab Complete Taped-out ReRAM Demo Chips

A significant milestone towards commercialisation

• Weebit successfully completed the transfer of its embedded ReRAM technology to SkyWater’s US production fab

• The demo chips have been taped-out, released for manufacturing

• Once the chips have been received back from the fab, SkyWater customers will be able to use the demo chip as a platform for testing and prototyping ahead of qualification

• Following qualification, Weebit’s embedded ReRAM will be available for mass production at SkyWater’s fab, allowing SkyWater customers to license Weebit’s technology and embed it with new product designs

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Weebit
Signed Technology Qualification
Taped-out ReRAM IP to
agreement transfer to to be
first ReRAM be available
September production completed
demo chips for SkyWater
2021 completed early 2023
customers
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President Biden holding a SkyWater wafer; Source:
NBC News, April 12, 2021
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Initial Qualification Progressing

Very good initial results

• Running qualification tests on lots manufactured at Leti

• Qualification is a long and very organized process

• Testing many wafers from several lots

• Starting at room temperature and moving up, starting at lower endurance and moving up, …

• Very good initial results, including impressive data retention and endurance

• VP Tech Development, Amir Regev, will share new test results this week at Flash Memory Summit, August 3[rd]

• Final qualification results of the Leti lots are expected by

• the end of 2022

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First Public Demonstration of ReRAM Module

A key technical milestone as Weebit progresses toward full productisation

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• Demonstration in June 2022, during the Leti Innovation Days event

 128Kb ReRAM array integrated in a complete module in 130nm

• Highlights the real-world capability of Weebit ReRAM as an NVM

• integrated into an actual subsystem

 Complete subsystem based on a RISC-V processor, peripherals and I/Fs

• Shows the speed of the ReRAM module, highlighting significantly

• faster write speed compared to typical flash memory

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Module includes:

• All analog circuitry including optimised voltage & current references

• Smart algorithms (read, set/reset, forming)

• Control logic and data manipulation

• Redundancy, ECC

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Bolstering Marketing and Sales Activities

Building the sales funnel

• During the quarter, Weebit’s executive team attended several industry leading conferences and events, including

• Leti Innovation Days (France)

• International Memory Workshop (Germany), an IEEE event

• ChipEx (Israel)

• CIMTEC (Italy)

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• Global Semiconductor Alliance (GSA) European Executive Forum (Germany)

• Upcoming: In August 2022, Weebit will exhibit at Flash Memory Summit 2022 in California, USA, the largest global conference for the Non-Volatile Memory ecosystem

• Conferences and other marketing activities provide Weebit with significant exposure to potential customers and partners and generates additional interest in its ReRAM technology

• Weebit is continuing discussions with potential customers and partners, including several new ones connected with at the various conferences attended

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Our New Website is Alive and Kicking !!

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www.weebit-nano.com

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Embedded ReRAM Market Growing Fast

• Embedded ReRAM market expected to grow from $18M in 2023 to $506M in 2026

• ReRAM will quickly become a leading embedded NVM

• Source: Yole Emerging Non-Volatile Memory 2021

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Looking Ahead Milestones by the end of CY22

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Proceeding with advanced qualification stages at SkyWater’s U.S. fab

Provide qualification results of our embedded ReRAM module

Sign new licensing agreements with partners and customers Continue scaling down technology to smaller geometries

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Weebit Nano Proprietary

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S&P Dow Jones WBT:ASX Indices

Key Takeaways

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The industry needs a new Non-Volatile Memory solution

Weebit ReRAM has unique advantages; It is well positioned to replace eFlash

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Progressing strongly: 1[st] commercial deal, technology proven across multiple processes

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Board & management team have extensive semiconductor commercialisation experience

On ASX All Ords Index

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On track to deliver a production solution across a range of high-growth markets

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Disclaimer

This presentation contains certain statements that constitute forward-looking statements. Examples of such statements include, but are not limited to, statements regarding the design, scope, initiation, conduct and results of our research and development programs; our plans and objectives for future operations; and the potential benefits of our products and research technologies. In some cases, forward-looking statements can be identified by the use of terminology such as “may,” “will,” “expects,” “plans,” “anticipates,” “estimates,” “potential” or “continue” or the negative thereof or other comparable terminology. These statements involve a number of risks and uncertainties that could cause actual results and the timing of events to differ materially from those anticipated by these forward-looking statements. These risks and uncertainties include a variety of factors, some of which are beyond our control. All forward-looking statements and reasons why actual results may differ are based on information available to us when initially made, and we assume no obligation to update these forward-looking statements or reasons why actual results might differ or the information set forth herein.

In addition, we do not make any representations or warranties, express or implied, with regard to the information included in this presentation of any other related document or information disclosed or furnished in connection thereto, including, without limitation, with respect to the accuracy, reliability, completeness or its sufficiency for any particular purpose. This information is proprietary and confidential of Weebit and is provided on a confidential basis and may not be disclosed or used without our prior written consent. You acknowledge that the disclosure and use of the information may be further prohibited under applicable securities or other laws. This presentation is made for informational purposes only and does not constitute an offer to sell any interest in Weebit not does it form the basis of any contract or agreement between the parties.

Third party data

This presentation includes or is otherwise based on information obtained from publicly available information, including data from various independent research firms and industry associations as noted, and other information publicly released by corporations and government departments. Weebit has not independently verified or audited this information or any information. Accordingly, the accuracy and completeness of such information is not guaranteed. This data has been accurately reproduced and, as far as Weebit is aware, no facts have been omitted that would render the information provided inaccurate or misleading. Investors should note that market data is inherently predictive and subject to uncertainty and is not necessarily reflective of actual market, industry and macroeconomic conditions. Specifically, there is no assurance that any of the forecasts or projections will be achieved. Forecasts and projections involve risks and uncertainties and are subject to change based on various factors, including those discussed above.

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Thank You! weebit-nano.com

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