WEEBIT NANO LTD — Investor Presentation 2016

Apr 25, 2016

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Company Presentation

APRIL 2016

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.

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Mission Statement

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To become the paramount
provider to the industry with
faster, energy efficient,
durable & much
cheaper
ReRAM memory
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Data Gone Wild

1.7 Million Instagram Photos

3.3 Million Facebook posts

77,160 hours of video streamed on Netflix

3.1 Million Google Searches

205.6 Million Emails

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400 Hours of YouTube Videos

51,000+[IPhone applications ] downloads

370,000 Skype calls

44 Million WhatsApp Messages

422,340 Twitter tweets

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“Datageddon”

2020 40 ZB 2015

7.91 ZB 2012

2.72 ZB

*1 zettabyte = 10,000,000,000,000 gigabytes

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Market opportunity

Target market – Flash Memory replacement

• Overall addressable market – USD$37B and

• growing rapidly

• Potential customers - Anyone

• Every 15 years there is a new memory technology

• transition event

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Floppy disk

Hard disk

Flash ReRAM

Data Storage trend

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Market opportunity

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Cloud Storage Data Centers
Smartphones & tablets Ultrafast response time, and higher
non-volatile memory is used to energy efficiency devices are required
store pictures, videos and Apps.
Health Care
Internet of Things (IoT)
personal healthcare devices
50 Billion devices will be connected
such as blood pressure monitors
to the internet by 2020
Wearable Automotive
Wearable are becoming Navigation, safety and autonomous
fashion statement driving requires extremely high
reliable memory
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Weebit Innovation

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A Quantum Leap In Data Storage that will allow
cheaper, faster, more reliable and more energy
efficient Non-Volatile ReRAM Technology
Energy Faster Cheaper Reliable
efficient
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Professor James Tour

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Professor of Materials Science and Nano Engineering and a Professor of Computer Science at Rice University in Houston, Texas. Well known for his work in molecular electronics and molecular switching molecules.

2008 2009 2012 2013 2014 100 “Feynman prize “One of the top “2012 ACS Nano “2013 Scientist of Among “50 most US patents in Nano science” 10 Scientists in Lectureship the Year” Influential the world over Award” R&D magazine Scientists in the 600 “NASA space the past decade” world today” publications award” Reuters TheBestSchool.org

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Company Brief

• Incorporated in Israel 2015, privately held

• Built around James Tour’s revolutionary ReRAM technology

• Licensing of Rice University technology

• Seven patents - US and Global

• Funded by founders and private investors

SiOx Memory

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Weebit has

secured 7 global patents to commercially protect James Tour’s advancements in memory technology

US Pat. 7,973,559

PCT/US2012/052450

• “Non Charged Based Two Terminal... Resistive Switching Cells”

• “Addressable SiOx Memory Array with incorporated Diodes.”

PCT/US2014/066303

US Pat. 8,592,791

“Porous SiOx Material for Improvement in Switching Device Performance

• “Silicon Oxide Based Memristive Device”

PCT/US2012/025435

US Pat. 8,390,326

• “SiOx Based Invisible / Transparent Nonvolatile Memory”

• “Method for Fabrication of

• a Semiconductor Elements…”

PCT/US2011/050812

“SiOx Based Nonvolatile Memory Architecture”

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The Flash problem

Physical scaling issue

Charge storage

40nm Technology scaling

16nm

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Current flash memory is hitting the scalability wall

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The Challenge

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DENSITY

RELIABILITY

• Below ~16nm Flash can no longer hold data reliably

• Storage capacity cannot be increased

• Increases Bit Error Rate (BER)

• Moore’s Law cannot be maintained

• We need a new device that can be • Downtime and disk crashes further scaled in dimensions increase

ENERGY

By 2020:

• US will need another 17 power plants to meet storage demand*

• The White House announced Data Center program to become 20% more energy efficient

Data centers are becoming the new polluters

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ReRAM technology

What is ReRAM?

• Non-Volatile Memory which can store information even when power is off

• Type of emerging technology

• Resistive RAM changes its resistance across dielectric material

• ReRAM can be stacked in 3D array to provide unlimited capacity

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Industry experts agree that ReRAM will be the dominant storage device

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ReRAM Advantages

ReRAM* to Flash Advantages

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Reliability
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Energy efficiency Consumes 1,000x less energy than Flash ReRAM

High endurance greatly Consumes 1,000x less reduced error rate ie. less energy than Flash mistakes ReRAM Cost effective Speed Scalability allows 1,000x faster than Flash much higher density

Higher density  Stores more data

 Lower voltage  Much cheaper

 1,000X faster  Much smaller

 Higher reliability

Flash ReRAM*	Flash ReRAM*	Flash ReRAM*
Scalability	16nm	<5nm
Voltage	20V	<5V
Speed	~10μs	<50ns
Energy/bit	~nJ	~pJ
Endurance	~1,000	~1,000,000
Multi –bit	3	>3

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Weebit ReRAM Technology advantage

• Not used in Fabrication process Competitor’s - Need process development Materials - Expensive retooling needed

• SiOx –Most abundant material Weebit’s - Existing Fabricator process Materials - No retooling needed

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ReRAM not used in semiconductor fabs

Used in semiconductor fabs

Weebit use of SiOx is the most cost effective solution

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Competitors Analysis

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SOR
Memory Pr (Praseodymium),
Material Si (Silicon) Mn (Manganese), Ag (silver) Ce (Cerium)
Ca (Calcium)
On/Off
10 million 100 1,000 10,000
Ratio
Lowest cost/bit Non Fab-friendly Non Fab-friendly Non Fab-friendly
Summary and higher materials material material
Requires retooling Requires retooling Requires retooling
performance
High cost/bit High cost/bit High cost/bit
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Competitors

• Materials not used in the semiconductors industry

Weebit

• SiOx material –standard existing process

• Very fab friendly

Pr, Ce – rare earth Mn Ag, Ca – not fab friendly

Weebit process does not require retooling

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Go to Market Strategy

Entry point 40nm commercialization IP revenues Chip revenues storage market rev. 2016 2017 2018 2020 2022 ACTIVITY Collaboration Standalone Engage with Technology Storage market with Embedded Memory R&D Centers development product sales memory vendors Production KEY Intel, Samsung, Samsung, Sematech, Sematech, TARGET Samsung, Micron, TSMC, Micron, TSMC, Imec, Leti Imec, Leti PLAYERS TSMC Toshiba Toshiba TARGET IP Core market IoT, Data Center, Automotive, Smartphone, MARKET ($2B/year) Wearables SSD

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Board Of Directors

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David (Dadi) Perlmutter

Managing General Partner in Eucalyptus Growth Capital, focused on investment in growing technology companies in Israel. Executive Vice President and General Manager of the Intel Architecture Group (IAG) and Chief Product Officer of Intel Corporation until 2014. A member of the Board of Directors of Mellanox Technologies. Chairs a number of non-profit organizations. Member of the Board of Governors of the Technion – Israel Institute of Technology.

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Rami Hadar

Rami Hadar is the former CEO of Allot Communication (NASDAQ:ALLT). During the eight years he functioned as CEO, Mr. Hadar increased sales to above US$100 million annually, performed 3 M&A’s and led the company to an IPO on NASDAQ. Prior to Allot, Mr. Hadar was also one of the founders of Combox and was a director of the company when it was purchased by Terayon. Mr. Hadar is presently a partner in a venture capital firm Eucalyptus Growth Capital that focuses on investment and assistance to mature Israeli technology companies.

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Kobi Ben Shabbat

Mr. Ben-Shabat has vast experience in sales, senior management and building new companies from the ground up as a Board member and Senior Executive. Mr. Ben-Shabat was the founder and Managing Director of Open Platform Systems, which was founded in 2007 and grew to employ people across Australia and New Zealand with annual sales of $14 million, it was acquired by Hills PTY LTD (ASX listed) in April 2014.

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Board Of Advisors

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Professor James Tour

Professor of Materials Science and Nano Engineering and a Professor of Computer Science at Rice University in Houston, Texas. Well known for his work in molecular electronics and molecular switching molecules.

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Kobi Livne

Mr. Livne is involved in several companies as a Board member, consulting activities and mentoring. Until the end of 2005 Mr. Kobi Livne was a Group President and a Member of Amdocs' Senior Management (NASDAQ:DOX) Mr. Livne was in charge on four Delivery Divisions that cover all Amdocs activities around the world except of North America

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Management Team

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Yossi Keret CEO & Director

Extensive management and financial experience. Has led a variety of international companies in sectors including industrials, finance, biotech and technology both in Europe and the USA. Mr. Keret’s experience includes public companies. Mr Keret previous roles included M&A negotiations and implementation including an Initial Public Offerings (IPO) on NASDAQ. He has also led large private equity raisings for public companies.

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Amir Regev VP R&D

Amir brings two decades of Device and Technology experience in the semiconductor industry, mainly in Flash memory technology development. Formally, Amir served as a senior Engineer in several leading semiconductor and memory technology companies, including Intel (NASDAQ:INTC), SanDisk (NASDAQ:SNDK), Micron (NASDAQ:MU) and Marvell (NASDAQ:MRVL).

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Summary

• Huge growing storage market (USD$37B)

• Flash technology is approaching a scalability barrier

• ReRAM is the leading emerging memory candidate

• Weebit controls a pioneering technology developed at a top-ranking material science university which outperforms Flash in each parameter

• Weebit’s solution is cheaper, more efficient and is easier to commercialize that other ReRAM developers

• IP Strategy - shorter time to market

• Management and technology veterans with proven track records

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Key Acquisition Terms

• Payment of a AUD$75k option fee for an exclusive 28 day option to purchase. Completed.

• A further AUD$75k at the completion of due diligence. Completed.

• Weebit shareholders holding more than 50% of Weebit passing a resolution to approve the Transaction.

• Radar to issue 750,000,000 shares In exchange for 100% of the issued capital in Weebit (subject to ASX escrow provisions).

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Conditions Precedent

• Weebit and Radar completing DD in respect of the other within 28 days. Completed.

• ASX providing conditional approval for Radar to be re-instated to trading on the ASX. May 16.

• Re-compliance with Chapters 1 and 2 of the ASX Listing Rules. May 16.

• The parties obtaining all necessary shareholder and regulatory. 18 May 16.

• Change of Radar’s name to Weebit Nano Ltd. 18 May 16

• Completing A$5,000,000 Capital Raising. May 16.

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Pro Forma Capital Structure

Event Shares Options	Event Shares Options	Event Shares Options
Currently on issue*	321,613,956	55,500,000
Consideration to Weebit shareholders	750,000,000	-
Public Offer	100,000,000	-
Transaction Options	-	50,000,000
TOTAL 1,171,613,956 105,500,000

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*assumes issue of all securities approved in General Meeting on 28 October 2015 25

Indicative Timetable

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Completion of second Lodgement of Closing date of offer Requotation of
tranche payment prospectus with ASIC under the prospectus shares on ASX
11 Dec 13 Dec 14 Dec 14 Apr 27 Apr 18 19 15
2015 2015 2015 2016 2016 May May June
2016 2016 2016
Due diligence Dispatch Notice of General Shareholder Dispatch holding
completed and formal Meeting seeking Meeting to approve statements
documents executed approval for the the acquisition of
acquisition of WEEBIT
WEEBIT
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