WEEBIT NANO LTD — Investor Presentation 2018

Nov 27, 2018

==> picture [792 x 112] intentionally omitted <==

==> picture [792 x 113] intentionally omitted <==

==> picture [792 x 113] intentionally omitted <==

----- Start of picture text -----

Weebit Nano Ltd
----- End of picture text -----

28 November 2018

KEY HIGHLIGHTS

• 2018 has been a very productive year for Weebit

• Company de-risked through continued technology development

• Computing world is undergoing a huge revolution, including memory

• We are well positioned to capitalise on this revolution

• WBT transitioning from early development phase to productisation

• Multiple discussions with potential partners initiated & progressing

==> picture [180 x 52] intentionally omitted <==

2

CY2018 SUMMARY

• Capital raise and SPP > $4.5M

• Achieved working 1Mb array at 40nm, continuing technology improvement

• Initiated partnership/collaboration discussions with many partners in different domains

• Produced samples to enable partnerships

• Brought 2 very experienced directors on board

• We are being noticed

==> picture [66 x 34] intentionally omitted <==

• 2018 Red Herring 100 Europe Winner

==> picture [57 x 33] intentionally omitted <==

• EETimes Silicon 60 – second year in a row

Started the productisation process

==> picture [180 x 52] intentionally omitted <==

3

NEW DIRECTORS

==> picture [183 x 163] intentionally omitted <==

----- Start of picture text -----

DIRECTOR
----- End of picture text -----

Chairman and major shareholder of Electro Optics Systems (EOS) Chairman of Audio Pixels (AKP)

Owns a wide variety of companies worldwide

==> picture [213 x 162] intentionally omitted <==

----- Start of picture text -----

EXECUTIVE DIRECTOR
----- End of picture text -----

PhD. in Applied Physics, focus on SiOx memories, under the guidance of Dov Frohman – the inventor of non-volatile memories

CEO of Tower Semiconductor for almost 10 years Board member, Saifun Semiconductor (NROM Flash)

==> picture [180 x 52] intentionally omitted <==

4

WEEBIT RERAM TECHNOLOGY Next generation memory technology

1Mb prototype array achieved on 40nm development vehicle Findings show that our working cells will fit on much smaller geometries (smaller than 28nm)

Faster and more efficient than flash memory

Silicon oxide, the most commonly used material in the industry, enables lower cost and shorter time to market

WBT enables smart integration with most advanced processing technology

5

Confidential

EXPECTATIONS MET Every committed technology milestone met

NOV 2018 Working on productisation

JUN 2018 40nm 1Mbit Array

FEB 2018 40nm 4Kbit Array

NOV 2017 40nm working cells OCT 2017

300nm 4Kbit Array

SEPT 2016 Development kicked off at Leti

==> picture [180 x 52] intentionally omitted <==

6

==> picture [527 x 413] intentionally omitted <==

----- Start of picture text -----

S P E E C H
R E C O G N I T I O N
P R E D I C T I V E
T R A N S L A T I O N
A U T O N O M O U S
A N A L Y T I C S
R E C O G N I T I O N
C A R S
I M A G E P E R S O N A L
R E C O G N I T I O N A S S I S T A N C E
everyday lives
7
----- End of picture text -----

THE ERA OF INTELLIGENT MACHINES Becoming part of our everyday lives

7

==> picture [81 x 80] intentionally omitted <==

----- Start of picture text -----

S P E E C H
R E C O G N I T I O N
----- End of picture text -----

==> picture [132 x 132] intentionally omitted <==

==> picture [132 x 132] intentionally omitted <==

P R E D I C T I V E T R A N S L A T I O N A U T O N O M O U S A N A L Y T I C S R E C O G N I T I O N C A R S

THE COMPUTING WORLD IS CHANGING!

==> picture [263 x 203] intentionally omitted <==

----- Start of picture text -----

I M A G E P E R S O N A L
R E C O G N I T I O N A S S I S T A N C E
8
----- End of picture text -----

==> picture [170 x 33] intentionally omitted <==

7

==> picture [792 x 112] intentionally omitted <==

----- Start of picture text -----

Focus is extending from storage
to memory
----- End of picture text -----

AND SO IS THE MEMORY WORLD

==> picture [792 x 112] intentionally omitted <==

----- Start of picture text -----

•
Pushing the envelop on memory speed and
size
----- End of picture text -----

WEEBIT: FOCUSED ON SMART INTEGRATION OF MEMORY

CLASSIC INTEGRATION: MEMORY INTO COMPUTE

• Memory moving more and more into Compute - Embedded memory blocks

• AI requires fast and larger memory arrays

MEMORY COMPUTE MEMORY

MEMORY

==> picture [180 x 52] intentionally omitted <==

----- Start of picture text -----

10
----- End of picture text -----

10

EVOLVING INTEGRATION: IN-MEMORY COMPUTE

==> picture [459 x 299] intentionally omitted <==

----- Start of picture text -----

COMPUTE
MEMORY
COMPUTE MEMORY
MEMORY COMPUTE
11 11
----- End of picture text -----

• Computation is moving into the memory

• Processing units are placed embedded in the memory, performing AI specific operations

ReRAM will play a big role in this architecture

STEPS TOWARDS COMMERCIALISATION

==> picture [792 x 225] intentionally omitted <==

----- Start of picture text -----

Mid Q1 Q4 Q4
> 2021
2018 2019 2019 2020
40nm 4Kb Array 40nm 1Mb Array Process 28nm/300mm Production Fab IP revenues
demonstrated Demonstrated Optimisation Integration Qualification
Done
Done Baseline
State of the art Technology
improvement to embedded transfer and IP
achieve robust
process qualification
Technology readiness
parameters
----- End of picture text -----

• Timeline refers to calendar year

12

MOVING TO MANUFACTURING

• WBT used 40nm on 200mm wafers as a vehicle for development

• Cheaper

• Faster

• Now moving to 28nm on 300mm wafers as a vehicle for productisation - Standard in the production fabs

• Analysis shows we can potentially integrate cells developed on 28nm vehicles in a smaller dimension product

• This opens up significant markets for us

==> picture [180 x 52] intentionally omitted <==

----- Start of picture text -----

13
----- End of picture text -----

13

==> picture [791 x 112] intentionally omitted <==

----- Start of picture text -----

LETI COOPERATION
----- End of picture text -----

==> picture [791 x 112] intentionally omitted <==

Next stage agreement being finalised Initiates the move to 28nm / 300mm wafers which is needed for manufacturing Focuses on productisation

==> picture [94 x 42] intentionally omitted <==

==> picture [168 x 33] intentionally omitted <==

14

Develop tools and models needed to integrate our ReRAM in a design Multiple cooperation talks taking place

We are responding to inputs from these potential partners

We want to build the partnership on a strong foundation

PARTNERSHIPS BUILDING AN ECOSYSTEM

==> picture [180 x 52] intentionally omitted <==

15

RESEARCH PROGRAM

Universities & research institutes approaching Weebit to cooperate on research in advanced topics including

• Neuromorphic Computing

• In-Memory Compute

Weebit is engaging with them by

• Supplying samples of its ReRAM chips

• Cooperating in the research

==> picture [203 x 209] intentionally omitted <==

==> picture [757 x 51] intentionally omitted <==

----- Start of picture text -----

First announced cooperation:
IIT Delhi
----- End of picture text -----

==> picture [180 x 52] intentionally omitted <==

16

FURTHER DOWN THE ROAD: NEUROMORPHIC COMPUTATION

ReRAM may bring new capabilities in Artificial Intelligence

• ReRAM mimics the biological computation at the synaptic level

• Physical similarities lead to functional similarities

• Combines memory and processing units using synapse and neuron like cells

• ReRAM for AI is significantly more energy efficient than today’s data centres, and significantly smaller

==> picture [252 x 124] intentionally omitted <==

Ions migration leads to resistivity modulation

• ReRAM is therefore very well placed to capitalise on the emergence of AI capabilities

ReRAM technology enables brain-inspired AI systems

==> picture [180 x 52] intentionally omitted <==

17

SUMMARY

• CY2018 was a productive year for Weebit

• Company de-risked through continued technology development

• Computing world is undergoing a huge revolution, including memory

• We are well positioned to capitalise on this revolution

• WBT transitioning from early development phase to productisation

• Multiple discussions with potential partners initiated

CY2019 – Productisation and Partnerships

==> picture [180 x 52] intentionally omitted <==

----- Start of picture text -----

18
----- End of picture text -----

18