Weebit Nano Limited

Okay, good afternoon and welcome to the WeBitNano Meet the CEO Investor Briefing. My name is Danny Younis and I help with investor relations for WeBitNano. With me today, we have the CEO of WeBit, Kobi Hanock. Welcome Kobi. Hi, Danny. Hi. Before I hand over to Kobe, just a note that we'll be having a Q&A session at the end. If you have any questions, please type them into the Q&A box at the bottom of your screen. Now, we are expecting a lot of questions to come through, so preference will be given to questions with a name attached rather than anonymously. But we will try to get through all the questions. I will also pool the questions where there is overlap. I would now like to hand the webinar over to Kobi. Please go ahead.

Thanks, Danny, and thanks, everyone, for joining us. I think we had another very, very busy quarter. As everyone knows, it started with the closing of the DB HiTech agreement at the end of last year. I'm sorry, the on-semi, of course. Things have really been moving very fast with OnSemi. I'm very glad to say that OnSemi and WeBit are cooperating very well, intensively, really pushing this forward quickly. So really a great relationship with OnSemi and very exciting to work with them. We're working, of course, on multiple fronts, DB HiTech, There's been very good progress with DB Hightech and we're moving forward actually next week. There's going to be a power management conference in Germany, and we're already going to be demonstrating their functional chips from dbHiTech that are going to be running the EMAS demo. We have it running already on the dbHiTech chip, so that's very good. We're now really getting ready to kick off the qualification and overall things were looking very nice there. We had, as you know, several achievements during this quarter. We announced the AECQ 100 qualification. I think that's a very important milestone. I'm not sure how much everyone understands the significance of this, but it really shows the robustness of our technology, being able to operate at 150 degrees Celsius for 10 years and having 100,000 cycles endurance, that's a very significant milestone. To the best of my knowledge, there isn't any other rear end today that has achieved that level. And so we're very confident about our technology. And, of course, that and the OnSemi announcement really triggered even more interest in WeBit than we had before. There's a lot of discussions and moving forward evaluations and contacts with many, many different customers, fabs, IDMs, and foundries, etc. A lot of activity going on. And that was very good. Actually, the EMAS demo demonstrating how ReRAM is an excellent fit actually for inference at the edge for artificial intelligence. That was also another big trigger. So we really have a lot of activity going on now and I think the 2025 right now we've defined it as the year of significant growth. We were setting up the company and there's a lot of work right now going on into preparing everything for many multiple customers working in parallel. How do we streamline everything? How do we automate? How do we make everything simple? The methodologies of work, the procedures to support a lot of customers. When you're working with one customer at a time, it's very easy to just have an Excel spreadsheet or very simple management tools when you start working with many of these guys in parallel like we are now. You really need to have more automation, And tools and procedures. And so we appointed Lilach Zinger as our VP customer success. Lilach was a fab manager. She was VP operations at Tower. She was fab manager there. She knows everything about how a fab operates. What are the concerns of fab managers? And she's really helping us understand the customer needs, you know, quotes from the inside. And she is also helping to set up that whole infrastructure. So she's a great addition to the executive team. The bottom line, as you could have seen in In the quarterly report, things are moving forward. The work with DBH on SEMI is progressing. I think everyone knows that right now we're still getting the license fees and NRE, et cetera, paid. Over time, it's not paid up front. So you can see the payments coming in, and this quarter there was about $2.7 million that came in. You know, this is, as we move forward, as we achieve more milestones and we bring on more customers, et cetera, of course, we want to see those numbers increase. grow every quarter. Right now it's still going to be every quarter is going to be based on the achievements of that quarter. But it's very encouraging to see the money coming in. We have a strong cash balance in the bank. And moving forward, I'm confident that we will manage to meet our goals for 2025 and moving forward. So overall, I'm definitely bullish about 2025.

Yeah, open for questions. Thank you, Coby. Okay, then. So we will now move to the Q&A session. Once again, if you have any questions, please type them into the bottom of the screen. And we do have a fair few questions already coming through. Okay, so the first one, Coby. is from Andrew Johnston from MST. And it's in regards to that $2.7 million of customer receipts. So the presumption is they're coming from DBH and OnSemi. Can you provide, if DBH did 500,000 in the previous quarter, that presumes that in this quarter OnSemi did about $2 million. Can you clarify these payments in the $2.7 million?