WEEBIT NANO LTD — Investor Presentation 2020

Oct 14, 2020

Coby Hanoch, CEO 15 October 2020

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Who We Are?

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Competitive advantage

Weebit Nano

Developer of ReRAM memory technology, (cells are 1000x faster and 1000x more energy efficient, 100X higher endurance) than existing Flash memory technology

Uses standard materials and equipment in fabrication, very cost-competitive

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Rapid market growth

Market traction Targeting first commercial agreements by mid 2021

NVM market estimated at US$60B, growing to over US$100B by 2025 (MarketsandMarkets Research)

• Weebit is active in all leading semiconductor markets and has not observed any other vendor that offers or has announced an intention to offer, technology using SiOx only without having to add any non-standard materials

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Technology validated

Technology validated by a third-party for embedded and discrete markets

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Team

World class leadership team in place to support transition to commercialisation

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Weebit Confidential

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WORLD-RENOWNED LEADERSHIP

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David Perlmutter CHAIRMAN

Coby Hanoch CEO

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Dr. Yoav Nissan-Cohen Fred Bart EXEC. NON-EXEC. DIRECTOR DIRECTOR

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Amir Regev CTO Eran Briman VP Marketing & BD

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Atiq Raza Ashley Krongold NON-EXEC. NON-EXEC. DIRECTOR DIRECTOR

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Alla Felder
CFO
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WHAT IS A SEMICONDUCTOR?

7 OF THE 10 LARGEST COMPANIES ARE SEMICONDUCTOR COMPANIES*

• Semiconductors are the basic materials used in advanced electronics and communications

• Used to fabricate chips for every electronic device, including computers, cell phones, autonomous vehicles, security cameras, etc.

• The digital economy is highly reliant on semiconductors

• 7 of the 10 largest companies in the world in 2019 were semiconductor companies*

• In 2004 semiconductor companies only made up 2 of the top 10 companies

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Source: Visual Capitalist: https://www.visualcapitalist.com/a-visual-history-of-the-largest-companies-by-market-cap-1999-today/ Orange = Digital, Purple = Energy, Green = Finance

*Or heavily reliant on semiconductors

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Weebit’s technology can meet the needs of many of
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MEMORY at the CENTER of the DIGITAL WORLD

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5G
Security
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THE MEMORY MARKET

Volatile Non-Volatile ▪ Weebit is targeting both segments of the Non-Volatile memory eFlash market Embedded memory: Weebit’s SRAM ReRAM ▪ Embedded memory modules are Part of an SoC focus MRAM part of a System-on-a-Chip (System-on-a-Chip) ▪ Discrete memory chips are standalone memories Global NVM Market (US$B)[1] Discrete memory Chip: Flash 100 Contains only memory, Weebit’s 82 DRAM ReRAM 60 Integrated on board focus others 2020 2023 2025

There is a strong need for a new memory technology to keep pace with technology developments

SRAM = Static Random Access Memory DRAM = Dynamic Random Access Memory

1. Source: MarketsandMarkets Research Private Ltd: https://www.marketsandmarkets.com/Market-Reports/non-volatile-memory-market-1371262.html

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A MASSIVE “CHINA” OPPORTUNITY

CHINA AIMING TO SIGNIFICANTLY GROW ITS SEMICONDUCTOR INDUSTRY

▪ Semiconductors are the growth enabler of the digital economy

• Processing, memory and communication technologies are in high demand to keep up with computation and storage requirements of the digital economy

• China is the largest user of these technologies

• Boosting its semiconductor industry is a core pillar of its “Made in China 2025” plan; aiming for 80% of semiconductors to be made domestically

• Despite the progress made, China cannot keep up with market demands (see chart)

• The majority of China’s semiconductor imports are memories

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20.7%
15.7%
15.1%
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• A transition in technology is China’s opportunity to take the lead

• Memory technologies are now emerging to help the digital economy significantly advance

• We believe Weebit’s next generation ReRAM technology is very attractive to the Chinese semiconductor industry

Source: IC Insights, Inc. SK Hynix and Samsung are the top memory companies by sales worldwide

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STABILISATION PROCESS COMPLETED

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• ✓ >99% of memory cells are Functional

▪ At production level

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✓ Process is Repeatable

▪ Can be upscaled to mass production in commercial fab

✓ Excellent wafer-to-wafer Reproducibility

▪ Same endurance behaviour across multiple wafers ✓ Validated cell-to-cell and die-to-die Uniformity

▪ Same characteristics across the wafer

NOW READY FOR TRANSFER TO A PRODUCTION FAB Note: Process Optimization is a continuous effort that will carry on in parallel to production steps

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PROGRESSING TO COMMERCIALISATION

ENGAGING WITH POTENTIAL PRODUCTION PARTNERS & CUSTOMERS

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External technology Completed
validation stabilisation First commercial
1Mb Array (with XTX Technology) process agreement
Jun Apr Dec Feb Oct Q1 mid
18 19 19 20 20 21 21
Process Signed Letter of Memory module
Optimisation Intent with SiEn ready for
Demonstrated endurance of 1M and manufacture
Retention of 10 years at 130-150 [o] C
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RERAM TECHNOLOGY FOR TOMORROW

Mimic the brain as accurately as possible

o ReRAM resemblance to biological synapse o Physical similarities leads to functional similarities o Highly energy efficient

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Brain inspired computing systems

Object recognition

Which make it an enabler to Brain Inspired Artificial Intelligence systems using ReRAM

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Machine learning

Weebit believes ReRAM is the solution for tomorrow’s needs achieving artificial intelligence capabilities

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KEY TAKEAWAYS

Semiconductors are driving the world today Virtually every electronic product requires Non-Volatile Memory (NVM)

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Weebit has Progressing discussions a leading ReRAM with potential customers, (NVM) solution that targeting first can replace Flash commercial agreement in mid-2021 memory

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Technology now being prepared for transfer to production

Well credentialed Board and management with extensive semiconductor commercialisation experience

Program launched to accelerate entry into discrete memory market

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China is the largest semiconductor market opportunity for Weebit

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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, such as Statistica 2018, Yole Développement June 2017 and Advanced Materials Progress Report, 2018; and (iii) 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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