Svi investment slide deck _law enforcement update_crowdfund update

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JANUARY 2015 A 3D Facial Recognition Technology Company GREGORY STEINTHAL, FOUNDER AND PRESIDENT PASADENA GATEWAY CENTER PASADENA, CA Stereovision Imaging, Inc. (SVI)

Transcript of Svi investment slide deck _law enforcement update_crowdfund update

Page 1: Svi investment slide deck _law enforcement update_crowdfund update

JANUARY 2015

A 3D Facial Recognition Technology Company

GREGORY STEINTHAL, FOUNDER AND PRESIDENTPASADENA GATEWAY CENTER

PASADENA, CA

Stereovision Imaging, Inc. (SVI)

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Proprietary & Confidential 2

Introduction

Early Stage, Small Business, Privately Held

Long range facial recognition (200 meters +)

Patented Technology

Proprietary 3D/2D imaging algorithms

Operates in uncontrolled environments

Identify non cooperative individuals

Mobile and Fixed Camera Solutions

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Applications & Vertical Markets

Who Needs this Technology & Why?1. Military / Homeland Security Law Enforcement

Public safety, national security Mobile surveillance task forces

2. Physical Security Control access to sensitive areas Identification of known shoplifters

3. Targeted Marketing Identify VIP Customers

KEY

HOT!

TRENDING

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• Today mobile operators identifying target subjects with hand held binoculars and photos.

• Law enforcement and government customers need to identify and monitor moving “non cooperative subjects” at long range under uncontrolled environment conditions.

• Tactical applications for military, homeland security, law enforcement, and investigative operations.

Law Enforcement Solution Needed

As seen on Steven Hawking’s Brave New World Mini Series http://vimeo.com/103616121

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•Integration of Surveillance and

Identification for Law Enforcment• Solution = 3D FACIAL RECOGNITION BINOCULARS

Smart Binoculars

Concept Evolution

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ITEM SPEC

Magnification 8x

Objective 40mm

3D Image Capture

Resolution

5MP

IPD at 100 meters

50P

Wireless Protocol

WUSB

System Response Time

< 20 seconds

Size 7x5.5x4 “(LxHxW)

Weight Less than 2lbs

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3DMobileID™ Technology at Range

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Advanced 3-D segmentation algorithms extracts faces from cluttered backgrounds. Enhances Face Detection Performance = Lower False Alarms

2D 3D 2D Segmented Images

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2007-2009 Department of Defense Special Operations Command and Army Research Lab

Proof-of-concept development

2009-2013 Department of Justice - National Institute of Justice

Complete System Development

2012-2013 Department of Defense Center for Commercialization of Advanced Technology

Complete Advance Wireless System Development and Technology Field Demonstration Breakthrough (Dec. 2012)

2013 – 2014 Department of Defense – Under Secretary for Defense, IntelligenceExtended Range to 200m

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Strong Law Enforcement Track Record

$3.0M+ R&D Government Funded, Sponsored, Endorsed, Tested and Validated !Ready for Commercialization.

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Interoperable Software

Award Winning 2D Face Matching Software

(Strategic Partner)

P e r f

o r

m a n c e

3D Enhancement

Technology(SVI)

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NOTIONAL SALES PACKAGE

• *$30K System Sale

- 3DMobileID™ Binoculars

- Software License

- Training, Installation

- $10K additional device/seat

• 20% Annual Recurring

Revenue Source

- Technical Support, Upgrades, Maintenance

Gross Profit at ~ 70%

* Price Point Socialized

Business Model

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1. System Software Licensing Sales

2. Strong Recurring Revenue Stream

Affordable Core Technology

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Synergistic Gov’t Product Development Efforts

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• Sole Source Supplier of 3D Binocular Based Face Recognition System Technology to U.S. Government

- Only Player with this Type of Needed Technology (Patented)- Over Five (5) Years Proprietary Algorithm Development - SPAWAR Sponsor becoming Center of Excellence for DoD Biometrics

- $100M Procurement Contract

Wired Magazine 2/13

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Market Opportunities

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CORE TECHNOLOGY

HOMELAND SECURITY /

LAW ENFORCEMENT

MILITARY PHYSICAL SECURITY

RETAIL SECURITY

Market Sizes from $100’S M to $10’s B

Current Space

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Seeking $1,000,000$100,000 min

Near Term Goal : Beta Program with Law Enforcement& Secure Procurement Contract(s)

BETA Program Partnered with Law Enforcement Alpha Testing / Beta Support $100K

Technology Commercialization Product Development $500K Inventory $100K S,G&A $200K Working Capital $100K

Total Use of Funds $1,000,000

Use of Funds

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MobileFi

xed

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Funding Received to Date:

Series B Round Funding Sought: Up to $1,000,000

- Offering: Preferred stock via Private Placement Memorandum

- Voting rights with anti-dilution provisions

- Pre-money Valuation : $7.4M

- $100K Threshold

Common Stock Offering $609K raised

Series A Preferred Round $425K raised at $0.66 per share

Series B Preferred Round $625K raised at $1.00 per share

$2.66 M+ in Government Contract Revenue Total Funding to Date ~ $4.5M

Core Funding

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Initial Target Market: Mobile Surveillance Task Forces

3D Enhancement

Technology(SVI)

Estimated targeted law enforcement total demand ~ 300,000 users,~10% Involved with Surveillance

Potential Market Size $300M+

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Law Enforcement Commercialization Plan

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Market Introduction

First Adopters

Followers

Markets Law Enforcement Law Enforcement Law Enforcement& Fed. Go's

Partner • LASD, SDSO (Largest U.S. Law Enforcement Agency)

National Institute of Justice -Center of Excellence

• Federal Agencies• Sales/Distribution Partner

Installation Base

LocalUp to 150 Systems

Local & NationalUp to 1000 Systems

Local & National1000+ Systems

Leveraging Sales Model

• Local Law Enforcement to Top 10 SMA’s• Direct Technical Sales to Procurement Contracts

• Installation Base Recurring Revenue

YEAR 2 …………………………………………………… YEAR 4

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Competition / Strategic Partners

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No Direct Competition

• Other players such as CrossMatch, MorphoTrust offer short range hand held 2D solutions

• Digital Signal Corporation offers long range 3D solution but not hand held and is infrared-based

Strategic Partners

• Outsourced Manufacturing: Kamakura-Koki is our Japanese manufacturing partner. One of the World’s largest manufacturers of sporting and military optics.

• Cognitec, MorphoTrust, and OmniPerception are our 2D biometric technology and potentially sales and marketing partners.

SVI’s competitive edge is in performance, mobility , range and integration of surveillance operations with

on-demand identification

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Experienced and Talented ManagementM. Gregory Steinthal, MSc EE, Minor Optics - Founder & President 20+ years of management with product development/ manufacturing in optical, electro-optical

systems . Key team member of 2 VC funded start-up’s thru acquisition by Fortune 500 Companies.

Dr. Sergey Karlin , Ph.D EE, – VP, Product Development

30+ years experience in the application of facial recognition and image processing technologyManagement / product development.

Frank Grossman, MBA – CFO35+ years of experience as a corporate financial executive in both public and private companies.

Extensive international experience in Asia, Europe, Latin America and Africa.

Dr. Rodney Goodman, BS EE with Honors, Ph.D. Electronics – Technical LeadWorld renowned in the field of machine vision intelligence. Past faculty at the California Institute of Technology (Caltech).

Jon D. Rhodes - Law Enforcement Marketing Advisor30+ years of law enforcement experience, including 10 years with Special Weapons and Tactics team.

Management Team

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Ten Reasons to Invest

in Stereovision Imaging1. Execution Focused & Experienced Management Team2. Proprietary & Patented Technology 3. Strategic Partners In Place4. Outsourced Manufacturing with Top Optics Manufacturer5. Multiple Past / Current Government Contracts6. Growing Biometric Market – Domestically and Internationally 7. 3DMobileID™ Binocular System Product for Mobile Outdoor Surveillance 8. 3DCapture™ System Product for Fixed Indoor/Outdoor Security Application9. Disruptive Technology with Competitive Edge10. Multiple Attractive Exit Strategies

Summary

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Stereovision Imaging, Inc.Gregory Steinthal, Founder & President

626.296.6295 OFFICE626.590.9290 CELL

[email protected]

www.stereovisioninc.com

Contact Information

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Q&A