All-Optical Switching for Telecommunication Networks October 22, 2002

1. All-Optical Switchingfor Telecommunication Networks October 22, 2002 Ovidium Good morning and thanks for joining me today� my name is Eddy Trevino and I am here to present Ovidium, a new venture that is licensing proprietary NASA technology to develop all-optical switching devices for the $B telecommunications market. Good morning and thanks for joining me today� my name is Eddy Trevino and I am here to present Ovidium, a new venture that is licensing proprietary NASA technology to develop all-optical switching devices for the $B telecommunications market.

2. Business Model Design, manufacture and sell optical switching subsystems to communications equipment manufacturers. Deliver 100% optical switching solutions robust and flexible enough for the core metropolitan area network. Ovidium�s business model is to design, manufacture and sell optical subsystems to communications equipment manufacturers who then integrate our products into their larger optical networking systems. These systems are then sold to network carriers like SBC, Verizon or Qwest. Ovidium will develop 100% optical switching solutions that support network: Protection Restoration Fast provisioning Bandwidth-on-demand, and Optical add-drop applications. Ovidium�s business model is to design, manufacture and sell optical subsystems to communications equipment manufacturers who then integrate our products into their larger optical networking systems. These systems are then sold to network carriers like SBC, Verizon or Qwest. Ovidium will develop 100% optical switching solutions that support network: Protection Restoration Fast provisioning Bandwidth-on-demand, and Optical add-drop applications.

3. Problem Spend 2 minutes on this slide Problem � In optical communication, metropolitan area network bottlenecks are expensive and limit new revenue generating opportunities. For Communication Equipment Manufacturers, this translates into lower profitability with dropping sales volume and lower unit pricing in order to move product. All optical solutions provides new sources of revenues for both the NEM and the end users.Spend 2 minutes on this slide Problem � In optical communication, metropolitan area network bottlenecks are expensive and limit new revenue generating opportunities. For Communication Equipment Manufacturers, this translates into lower profitability with dropping sales volume and lower unit pricing in order to move product. All optical solutions provides new sources of revenues for both the NEM and the end users.

4. Technology Solution Deliver 100% optical switching solutions robust and flexible enough for the core metropolitan area network Spend 4 minutes on this slide Ovidium will develop 100% optical switching solutions that support network: Protection Restoration Fast provisioning Bandwidth-on-demand, and Optical add-drop applications. We expect Communication Equipment Manufactures to want Ovidium�s products because they will deliver superior price performance.. The source of Ovidium�s price/performance advantages include: 1. Superior switching speed and scalability. Network application flexibility The ability to use off-the-shelf optical components And finally, proprietary software that will allow post manufacturing fine-tuning of light inputs and outputs. Spend 4 minutes on this slide Ovidium will develop 100% optical switching solutions that support network: Protection Restoration Fast provisioning Bandwidth-on-demand, and Optical add-drop applications. We expect Communication Equipment Manufactures to want Ovidium�s products because they will deliver superior price performance.. The source of Ovidium�s price/performance advantages include: 1. Superior switching speed and scalability. Network application flexibility The ability to use off-the-shelf optical components And finally, proprietary software that will allow post manufacturing fine-tuning of light inputs and outputs.

5. Value Proposition We expect Communication Equipment Manufactures to want Ovidium�s products because they will deliver superior price performance.. The source of Ovidium�s price/performance advantages include: 1. Superior switching speed and scalability. Network application flexibility The ability to use off-the-shelf optical components And finally, proprietary software that will allow post manufacturing fine-tuning of light inputs and outputs. We expect Communication Equipment Manufactures to want Ovidium�s products because they will deliver superior price performance.. The source of Ovidium�s price/performance advantages include: 1. Superior switching speed and scalability. Network application flexibility The ability to use off-the-shelf optical components And finally, proprietary software that will allow post manufacturing fine-tuning of light inputs and outputs.

6. Performance Advantages Two important technology attributes of optical switches are scalability and switching speed. High scalability and fast switching speeds suggest potential for a wide variety of network applications. Ovidium compares favorably with both a fast and scalable technology.Two important technology attributes of optical switches are scalability and switching speed. High scalability and fast switching speeds suggest potential for a wide variety of network applications. Ovidium compares favorably with both a fast and scalable technology.

7. The Photonics Chain You probably know we�re on the verge of an optical revolution in telecommunications. Around the world, optical fiber is currently being installed at the rate of 1,000 meters every second, comparable to the speed of a Mach 2 aircraft. KMI market research estimated the 2001 overall market for Fiber Optics related products and services at over $20 billion annually. Ovidium is initially targeting the middle of the value chain, Optical Subsystems and Modules. And even more specifically, next generation switches. We believe this highly value added segment is attractive because it provides protection against commoditization at the component level and avoids the expense associated with directly servicing and supporting end user customers such as Qwest and Verizon. You probably know we�re on the verge of an optical revolution in telecommunications. Around the world, optical fiber is currently being installed at the rate of 1,000 meters every second, comparable to the speed of a Mach 2 aircraft. KMI market research estimated the 2001 overall market for Fiber Optics related products and services at over $20 billion annually. Ovidium is initially targeting the middle of the value chain, Optical Subsystems and Modules. And even more specifically, next generation switches. We believe this highly value added segment is attractive because it provides protection against commoditization at the component level and avoids the expense associated with directly servicing and supporting end user customers such as Qwest and Verizon.

8. Target Market While the entire telecom market is experiencing a temporary downturn, most industry experts believe recovery will occur in 2003. RHK Associates, a respected market analysis firm, expects our target market to be the fastest growing optical product segment through 2005. This product segment is expected to grow 50-100% a year, potentially reaching $750mm by 2005. While the entire telecom market is experiencing a temporary downturn, most industry experts believe recovery will occur in 2003. RHK Associates, a respected market analysis firm, expects our target market to be the fastest growing optical product segment through 2005. This product segment is expected to grow 50-100% a year, potentially reaching $750mm by 2005.

9. Market: Size, Trends and Customers Initial contacts will be sold thru direct sales force and selected distributors who have relationships with them. Identify any current customers, or customer feedback you have received so far. We have made contact with JDSU and spoken with Dr. Don Scifers, Vice Chairman and Chief Strategy Officer.Initial contacts will be sold thru direct sales force and selected distributors who have relationships with them. Identify any current customers, or customer feedback you have received so far. We have made contact with JDSU and spoken with Dr. Don Scifers, Vice Chairman and Chief Strategy Officer.

10. Core Technology Light manipulation via diffractive optics� Ovidium�s core technology is based on an exclusive technology license for a portfolio of NASA patents. Ovidium�s technology is different from both incumbent and emerging providers because it is software based and it breaks apart beams of light by using computer generated holograms. When combined with enabling liquid crystal technology, these holograms provide an extremely desirable switching fabric that is robust and flexible enough to support 100% optical solutions for metropolitan area networks. But what makes this technology really exciting, is its software orientation. This software: Makes it easier and faster to design and develop custom applications. Allows the use off-the-shelf optical components to keep system costs low, and very uniquely� Provides post manufacturing fine-tuning of light inputs and outputs, eliminating much of the labor associated with traditional optical switches. Ovidium�s core technology is based on an exclusive technology license for a portfolio of NASA patents. Ovidium�s technology is different from both incumbent and emerging providers because it is software based and it breaks apart beams of light by using computer generated holograms. When combined with enabling liquid crystal technology, these holograms provide an extremely desirable switching fabric that is robust and flexible enough to support 100% optical solutions for metropolitan area networks. But what makes this technology really exciting, is its software orientation. This software: Makes it easier and faster to design and develop custom applications. Allows the use off-the-shelf optical components to keep system costs low, and very uniquely� Provides post manufacturing fine-tuning of light inputs and outputs, eliminating much of the labor associated with traditional optical switches.

11. Product Overview All-optical (OOO) switching subsystem Reform optical signals (wavelengths) across networks via computer generated holograms Fast, flexible, and lower cost Ovidium�s initial product will be an all-optical switching subsystem that uses computer generated holograms to redirect optical signals. Using Ovidium�s products will help communication equipment manufacturers more easily design new products and get those products to market more cost effectively. Ovidium�s initial product will be an all-optical switching subsystem that uses computer generated holograms to redirect optical signals. Using Ovidium�s products will help communication equipment manufacturers more easily design new products and get those products to market more cost effectively.

12. Competition Who are your current competitors, where are they in development, and how well-funded are they? Competition will come from both incumbent electronic switch providers and emerging all-optical switch providers. While the field is crowded, Ovidium will be well positioned with a high performance technology and a highly focused target market. As you can see, the emerging all-optical players have established a very small market share in the $2B optical switching switching market. What companies could be a threat in the future if they decided to enter into your market space? While companies like Lucent are also developing all optical switches, they have focused on costly hardware based solutions targeted at very high end solutions in long haul network applications. According to most market analysts, the majority of the markets growth will come from the smaller metro network applications, the sweet spot for a more flexible, software-based provider like Ovidium. Who are your current competitors, where are they in development, and how well-funded are they? Competition will come from both incumbent electronic switch providers and emerging all-optical switch providers. While the field is crowded, Ovidium will be well positioned with a high performance technology and a highly focused target market. As you can see, the emerging all-optical players have established a very small market share in the $2B optical switching switching market. What companies could be a threat in the future if they decided to enter into your market space? While companies like Lucent are also developing all optical switches, they have focused on costly hardware based solutions targeted at very high end solutions in long haul network applications. According to most market analysts, the majority of the markets growth will come from the smaller metro network applications, the sweet spot for a more flexible, software-based provider like Ovidium.

13. Creating Barriers to Entry Spend up to 30 seconds on this slide Mention any strategy you have for barriers to entry � how will you protect your market segment and make it hard for your competitors to succeed? We have licensed four issued patents from NASA and have secured the right addition one additional patent. In addition, we have secured the rights to the software algorithms as part of our licensing agreement. Spend up to 30 seconds on this slide Mention any strategy you have for barriers to entry � how will you protect your market segment and make it hard for your competitors to succeed? We have licensed four issued patents from NASA and have secured the right addition one additional patent. In addition, we have secured the rights to the software algorithms as part of our licensing agreement.

14. Distribution and Strategic Partners Spend up to 30 seconds on this slide We will market and sell products through both a direct sales force to Network Equipment Manufacturers and through a few strategic distributors. Theses NEMs and distributors sell to incumbent and competitive local exchange carriers, inter-ex-change carriers, ISPs, ASPs, cable operators and utilities. Beta clients that could enhance our chances of success include: Alcatel, Lucent, Nortel (all part of the STARTech Stakeholder network).Spend up to 30 seconds on this slide We will market and sell products through both a direct sales force to Network Equipment Manufacturers and through a few strategic distributors. Theses NEMs and distributors sell to incumbent and competitive local exchange carriers, inter-ex-change carriers, ISPs, ASPs, cable operators and utilities. Beta clients that could enhance our chances of success include: Alcatel, Lucent, Nortel (all part of the STARTech Stakeholder network).

15. Management Team The founding Ovidium team has the experience, maturity and skill set to execute our business plan. I have 18 years in the telecom industry with AT&T and XO One Communications where I was most recently Chief Operating Officer. We are fortunate to have Dr. Richard Juday, the NASA scientist that invented our technology as a co-founder and our chief scientist. Our other team members have extensive business, engineering, fiber optics and financial experience. The founding Ovidium team has the experience, maturity and skill set to execute our business plan. I have 18 years in the telecom industry with AT&T and XO One Communications where I was most recently Chief Operating Officer. We are fortunate to have Dr. Richard Juday, the NASA scientist that invented our technology as a co-founder and our chief scientist. Our other team members have extensive business, engineering, fiber optics and financial experience.

16. Financial Projections We are commercializing new technology, so it will take us about 18 months to develop and trial our first products. By our fourth year, we forecast sales of $36mm and our first full year of profitability. We are commercializing new technology, so it will take us about 18 months to develop and trial our first products. By our fourth year, we forecast sales of $36mm and our first full year of profitability.

17. Funding and Milestones $3 million required to develop prototypes and start customer trials. We project initial funding requirements of $3M to startup, develop prototypes and start customer trials. Additional rounds of success based financing will be required to fund mass production of our first product. We project initial funding requirements of $3M to startup, develop prototypes and start customer trials. Additional rounds of success based financing will be required to fund mass production of our first product.

18. Needs Spend up to 30 seconds on this slide Amount of Funding -$750k to demonstration and marketing prototype Management team help (Manufacturing / Marketing specialists in optical market segment) Connections to potential customers or strategic partners (Venture Network - Alcatel, Nortel, Lucent Technologies and Mentoring Network - ) Other (accounting, offices) Spend up to 30 seconds on this slide Amount of Funding -$750k to demonstration and marketing prototype Management team help (Manufacturing / Marketing specialists in optical market segment) Connections to potential customers or strategic partners (Venture Network - Alcatel, Nortel, Lucent Technologies and Mentoring Network - ) Other (accounting, offices)

19. Summary Proprietary NASA technology Large, growing $B market Experienced team Seeking $750k seed funding and $3M initial round Sell or IPO in 3-5 years In summary, Ovidium has a proprietary and innovative technology that can solve a big telecommunications network problem in a market that is large and growing rapidly. We have a window of opportunity because nobody has established a dominant market share in the all-optical switching market. Our highly motivated team is seeking $3M in initial funding to engineer a best-in-class, all-optical switch and simultaneously create tremendous shareholder value in 3-5 years. Based on what you have seen today, I hope you will consider investing in our business. Thank you all very much. In summary, Ovidium has a proprietary and innovative technology that can solve a big telecommunications network problem in a market that is large and growing rapidly. We have a window of opportunity because nobody has established a dominant market share in the all-optical switching market. Our highly motivated team is seeking $3M in initial funding to engineer a best-in-class, all-optical switch and simultaneously create tremendous shareholder value in 3-5 years. Based on what you have seen today, I hope you will consider investing in our business. Thank you all very much.

20. Thank You! Ovidium