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Trusted Positioning’s Vision. To provide continuous, accurate and affordable Positioning Everywhere. Confidential. Company Overview. 24 Calgary FTE employees U of C spin-off (2009) . Sales pipeline of global tier-1 companies. 1 st product in 2011 $1M revenue to date.
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Trusted Positioning’s Vision To provide continuous, accurate and affordable Positioning Everywhere Confidential
Company Overview 24 Calgary FTE employees U of C spin-off (2009) Sales pipeline of global tier-1 companies 1st product in 2011 $1M revenue to date Customers under contract 4 products 13 patents filed Sales-ready software Integrating with a tier-1 mobile OEM for late 2013 release Confidential
Recurring Navigation Issues Continuous, accurate and affordable navigation systems are not available Yesterday’s problems: e.g. Atlantic crossing • Celestial navigation or knots & compass Today’s problems: indoor location • GPS: not always available/accurate • Wireless (e.g. Wi-Fi): Expensive infrastructure or inaccurate surveys • Inertial navigation systems: Expensive & not portable Sensors and integration are core for location Confidential
Trusted Positioning Platform The Trusted Positioning Platform (“TPP”) can provide continuous and accurate positioning, even where GPS doesn’t work “Relative Positioning” Accelerometers Gyroscopes Magnetometers Barometers Speed sensors “Absolute Positioning” GPS WiFi Bluetooth Confidential
Application Examples Confidential
Taipei 101 – Walking Indoors • GPS cannot position indoors (standard smartphone solution) • TPP provides continuous positioning indoors TPP GPS
Underground with Smartphone • GPS is not available in underground parking garages • Android smartphone placed on the dash of the vehicle • Two loops performed, better than 3 metre accuracy TPP GPS Confidential
Market Opportunity • Global Location Based Services market to reach $21B by 2015, CAGR of 22.7% • Addressable markets: Applications that require continuous & accurate positioning software • $379M in 2012 growing to $561M by 2015 Market Size = (Number of units**) x (software $ value per unit) • Software $ value = 5-15% of navigation hardware $ value • ** Sources: IE Market Research, Comscore,YoleDevelopment, Global Industry Analysts Confidential
Business Model Revenue Model • Non-recurring engineering (“NRE”) + license royalties • 5-15% royalties of navigation hardware bill-of-materials Confidential
Technology • 50+ years experience in integrated navigation algorithms, mathematics and system-level integration Confidential
Competition Competitors Trusted Positioning Direct competition: • Chipset designers (u-blox, Qualcomm, STM) • University research groups Why we are better: • Decades of experience in sensors long before others considered sensors • Extensive patent portfolio with early priority dates • Common platform Proof we are better: • Evaluations by two tier-1 mobile OEM’s showed TPI is best sensor solution 2012 2010 2006 2004 2000 Confidential
Management and Board Confidential
Investment Highlights Confidential