Weebit Nano Limited

everybody and thank you for joining us this afternoon. My name is Eric Caret from Atomic Group. I work with Kobe and WeBitNano on their investor relations. Delighted to have WeBitNano CEO Kobe Hanock here with us this afternoon. The company released its Q4 FY24 quarterly activities report yesterday, as well as the DP high tech tape out and also an update on the board. So a bit of news fell yesterday. So I'm delighted to have Kobe here. Just a reminder to all the attendees, happy to take questions. please use the Q&A function at the bottom of your screen to type the question and I'll put those to Kobe. But we do want this to be a very conversational update. So, Kobe, we'll hand over to you. Obviously, there was a bit of news flow yesterday. A bit of news flow yesterday. Perhaps those maybe not in the tent had thought maybe the company had been a little bit quiet for a while. So maybe give a bit of an update through the quarter and what's been happening a wee bit.

So, hi Eric and hi everyone. Yeah, I know You know, I've been getting feedback from people who are saying, what's going on? You guys are asleep or something. And, you know, it's really a very different situation. Actually, there's so much happening right now at WeBit and we are working around the clock. I think, you know, first of all, let's just take a quick look at what we've done over the past year. You know, we just finished the fiscal year. And, you know, a year ago, we were still... basically just qualifying at 85 degrees. And, you know, we had just Skywater as our first foundry that we were working with. You know, we were trying to really push forward with many others. The market itself was actually still, you know, getting to understand that DRAM is here, but we were still pushing forward. I think over the past year, well, obviously we signed the DB HiTech, which was a very important step for us. Yet this week we taped out and that was another major step forward to qualifying with DB HiTech. We expect to do that roughly around Q2 of next year. So before the middle of next year, we should be qualified there already. And now we're working with them and their customers. There has been a lot of work on qualification for 125 degrees. We actually demonstrated that we can achieve 150, which is something that, you know, in the rear end space, actually in general, in NBM is a very tough task to achieve. And we're now even working on qualification for 150 degrees and high endurance going to 100,000 cycles already. We demonstrated that. We have the wafers that we manufactured at GF22, and I think that was another important step forward. The market reaction has been really very strong for that demonstration, showing that we can go below the 28 mark, where really flash gets stuck at 40 or 28. So there's been a lot of technical progress. There's been a lot of Business progress, well, obviously, we brought on board Issachar, who's really given a strong push. And today, the level of engagement that we have with so many of these big foundries, these big IBMs, is just crazy. I mean, the team is really being torn with so much activity. And some of those are already at the negotiation phase. So we actually got to the point where with some of these foundries and IDMs, we are negotiating the business terms. And again, this is looking good and moving forward. Overall, I'm feeling extremely bullish. I guess you saw it also in my in my and Dadi and Atik's action in June that we demonstrated our belief in the company and I'm really looking forward for the next year.

And just to clarify, by demonstrating your belief, you refer to buying shares on market for those that weren't aware. Thank you, Kobi. It definitely does sound like there is a lot obviously happening there. So thank you for that update. Maybe before we dive into more specifics around what we've been doing on the various streams and where certain things are at, why don't we start with sort of the broader market? How are you seeing that broader memory market right now and specifically reRAM's role in it? If you can give us an update there.