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Thermal Infrared Sensor Technologyfor Driver Safety and Autonomous Vehicles

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The Future of Thermal Imaging

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OVERVIEWCORPORATE OVERVIEWA NEW PARADIGM IN THERMAL IMAGING

A paradigm shift for capturing infrared signals

∙ Our multi-spectral IR camera can see both mid and far infrared

Must have for every autonomous vehicle

∙ A solution which complements other modalities and provides complete safety data

Significant Competitive Advantages

∙ 60-90% lower cost; higher resolution

$10+ billion annual TAM

∙ Markets growing at 20% CAGR

Intellectual property

∙ Key patents already issued with large worldwide patent platform

Attractive business model

∙ Licensing model provides attractive cash flow dynamics

Short time to market

∙ Technology is proven; with funding we can ship in 12 months

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OVERVIEWFOUR FUNDAMENTAL BREAKTHROUGHS

INNOVATION

DUAL SPECTRUM IMAGER

SIGNIFICANCE

One pixel that can see both mid IR and far IR

QUAD SPECTRUM CAMERA

SIGNIFICANCE

One camera that can integrate two imagers and see visible, near IR, mid IR and far IR

ULTRA WIDE SPECTRUM LENS

SIGNIFICANCE

One lens that can see in all parts of the light spectrum from visible through far IR

∙ Dual spectrum pixel (Mid IR and Far IR)

∙ Two imagers provide quad spectrum capability

∙ Ultra wide spectrum lens complements imager

∙ Pixel has been fabricated and successfully tested

∙ Curved imager is a key achievement

CURVED IMAGER

SIGNIFICANCE

Considered the holy grail in imaging, a curved imager mimics nature and our eyes. Due to our design, we are uniquely capable of achieving this industry first. It solves temporal and chromatic distortion of conventional lenses

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OVERVIEWMARKET OPPORTUNITY$10+ Billion annual opportunity

250

300

350

400

450

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

AUTOMOTIVE SENSOR MODULE MARKET

IN M

ILL

ION

S

Source: Visiongain

Active Sensor Safety Market*

2025

$6 Billion

2018

$25 Billion

23% CAGR

*Source: Autoliv

Key Market Drivers

∙ Increased content per vehicle

∙ Penetration as a standard vehicle safety feature

∙ Adoption by autonomous vehicles

AUTONOMOUS VEHICLE MARKET SHIPMENTS

*Source: Counterpoint

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OVERVIEWCOMPETITIVE ADVANTAGE

DIGITAL DIRECT QUANTUM WELL

Heat

Feature Size 2,000 nano-meters: easy to build 25 nano-meters: requires expensive fabrication processes

Cost of Imager Core Core costs less than 50% of competition Very expensive

Signal Noise All Direct-to-digital for ROIC Noisy analog to digital conversion and analog ROIC

Spectrum Mid and far IR Mid or Far only, not both

Background Innovative new design Based on 40 year old technology

Fabrication Easy: MEMS simply fabricated architecture Multi-level complex architecture expensive to fabricate

Aspect Ratio Customizable as needed for application Fixed

Signal Loss 0-3% as the system is all digital 10-30% as system is mixed analog and digital

# of Lens Elements 1 with patented curved substrate 3-6 to correct for chromatic and temporal aberrations

Quad Spectrum Capable Yes, with our patented optical system No

Spherical Aberration No Yes

Single Optical Centerline Yes, for multi-spectral imaging No

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OVERVIEWMARKET LANDSCAPELiDAR is a crowded field…

LIDARINFRARED

Valuation

Functionality

Valuation

Functionality

QUANERGY

BlackMore

(Aurora)

OUSTER

BlickfeldRoboSense

Optech

Capital Markets ActivityCompany Type Valuation Buyer Velodyne SPAC $3 billionLuminar SPAC $3 billionBlackmore M&A $230 mm AuroraInnoluce M&A N/A Infineon

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OVERVIEWINFRARED IS A CRITICAL COMPONENT

∙ To achieve Level 5, autonomous vehicles will need to integrate every sensor modality

∙ Every sensor has certain conditions where it doesn’t work

∙ Thermal IR imaging fills the gaps to complete the needed situation awareness

CMOS Camera LIDAR RADARD2IR

Thermal

Thermal Imaging is the Missing Link to Complete Situation Awareness for Autonomous Vehicle Safety (ADAS)

Strengths:• Ability to see color

difference like traffic lights etc.

Weaknesses:• Cannot operate in darkness,

glare, snow, fog, heavy rain, etc.

Strengths:• Quick 3D imaging

Weaknesses:• Unable to see color• Poor performance in snow

fog and smoke

Contrast Resolution

Living Objects

3DReconstruction

Speed

Range

Color

Strengths:• Easily Recognizes Living Objects• Excellent Range• Works in darkness, smoke, fog

and rain

Weaknesses:• Unable to see visible light

Strengths:• Capable of easily judging

speed and operates in any condition

Weaknesses:• Cannot detect if objects are

alive• Cannot determine contrast• Cannot see color

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OVERVIEWOUR VALUE PROPOSITIONOptimized aspect ratio and patented peripheral computation approach

Legacy Products

Legacy products repurpose the frame from existingcameras. Traditional 4x3 aspect ratios look horizontal aswell as up/down.

DDIR can customize the camera’s aspect ratio for thedesired application, allowing best possible situationawareness. The optimal aspect ratio for an automobile is16x4.

Our system maximizes computational power in the core areas and recognizes data in the periphery.

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OVERVIEWMARKETING AND DISTRIBTUTION STRATEGY

$6 Billion

License to a Tier One automotive supplier

Automotive

Healthcare

Licensed to a Tier One automotive supplier in return for milestone payments, royalties and equity

Use third party manufacturing partners, distributors and integrators

Safety, Security & First Responder

License to a prime contractor

Military

Use of third-party licensees and distributors will accelerate growth and minimize sales costs

POTENTIAL PARTNERS BY INDUSTRY

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OVERVIEWPROVEN TECHNOLOGYTESTING HAS CONFIRMED THAT OUR PIXEL WORKS

∙ Our design has two key components: (i) the absorber nano

metal layers and (ii) the piezo resonator

∙ We have done extensive COMSOL modeling successfully

∙ The absorber reacts to the expansion of heated metals

which stress the resonator causing a change of resonator output

∙ Our uncooled device should approach the functionality of

cooled devices

∙ We have a working prototype of the pixel

Our approach is a completely new paradigm in

thermal imaging with new capabilities previously

unavailable in all other IR technologies.

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OVERVIEWINTELLECTUAL PROPERTYOUR IP IS SOLIDLY PROTECTED

∙ 12 Patents filed or issued

∙ More patents being prepared

∙ Three families of patents

∙ Multiple strategies for extensions

We have been awarded the key patents on a

worldwide basis. Our three families of patents

provide a moat around our technology.

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OVERVIEWDEVELOPMENT PATH

HIGHLIGHTS

2018 2022202120202019

COMSOL Modelling

Key patent filings & angel funding

Pixel prototypecomplete

Licensedhealthcareapplications

OptimizeFocal planeROIC

$3 mm fundingBuild team

Automotive licensing partner

Initial camera sales

Ramp production in security and first responder

License to military

∙ 3 Months to optimize pixel

∙ First product in market in 12-14 months post funding

∙ Company was breakeven in 2020

Pixel test successful

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TEAM

PETER KAUFMANFOUNDER AND CTO

SCIENTIFIC TEAM

TED STONECFO

STEVE VAN FLEETCOO

DR. NM RAVINDRAMATERIAL SCIENTIST DR. BRIAN JAMIESON

PHYSICIST

DR. MARVIN HUTTOPTICAL PHYSICIST

DR. TROY OLSSEN SEMICONDUCTOR SCIENTIST

ADVISORY BOARD

GIB DUNHAM, CFAFINANCIAL ADVISOR

FRANK DEROSAIP ATTORNEY

Frommer Lawrence & Haug LLP

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OVERVIEWFINANCIAL FORECAST$10+ BILLION ANNUAL OPPORTUNITY

∙ First revenue was in 2019

∙ Breakeven in 2020

∙ Goal is for $500k license fees in 2021

∙ High margins due to licensing

∙ Milestone and royalty revenue

∙ Attractive free cash flow

∙ Model has no revenue for first responders, SIDS or

military

∙ Camera revenues within 15 months of funding

∙ We expect first automotive order to be $200 million+

∙ D2IR has already licensed healthcare applications

In M

illio

ns

In Millions

-$5.0

$5.0

$15.0

$25.0

$35.0

$45.0

$55.0

$65.0

$75.0

2020 2021 2022 2023

Revenue EBITDA

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OVERVIEWOTHER VERTICALS$10+ Billion annual opportunity

HEALTHCARE

pixels

∙ Ring array camera

∙ Patent awarded

∙ Used in swallowable pill camera

∙ Licensed in Q1 2020

HOMELAND SECURITY/MILITARY

∙ Combat awareness

∙ Our unit is low power & high resolution

∙ Letter of interest from one of the large

primes

SAFETY AND SECURITY / FIRST RESPONDERS

∙ Large commercial and municipal market

∙ We have identified key distributors

∙ Very few have thermal capabilities

ENVIRONMENTAL AND INDUSTRIAL

∙ Large market

∙ Little penetration

∙ Substantial environmental impact

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OVERVIEWCONTACT INFORMATION

Investor Information:

Gib Dunham

Advisor

(917) 716-4084

g_dunham@mail.com

Technical Information:

Peter Kaufman

President, CTO,

Founder

(718) 445-0038

pkaufman@d2ir.com