Enabling Autonomous Driving and Next Generation...

HYBRID LIDAR INVESTOR DECK

Enabling Autonomous Driving and

Next Generation Automation

BY HYBRID LIDAR SYSTEMS AG

INVESTOR DECK | 09.05.2020

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What We Do

Selling precise, flexible and affordable LiDAR* systems to

automotive and industrial high tech OEMs.

*LiDAR systems are the eyes of autonomous cars and next generation automation systems; they are indispensable for autonomous driving and real-time situational awareness.

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We are the only LiDAR company that has invented a new method to

measure distance with light.

This hybrid method is always up to 50% cheaper and allows a 10 times higher resolution than the standard measuring methods.


Today‘s LiDAR Systems are:

too Big

low resolution

Expensive with complex production

too inflexible

Often have mechanical parts like mirrors

Precise LiDAR Systems are too Big and have not enough Resolution for Consumer Cars

Problem

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Main Group of LiDAR

Mechanical micro mirrors

on a chip (MEMS)

Solid state LiDAR

no moving parts

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Mirror systems and micro mirror systems (MEMS) are

limited by time.

At 25 frames per second these systems can reach a

maximum of 20,000 pixels with one mirror.

Mechanical LiDAR with

rotating or non-rotating mirror

Reference: Waymo Hybrid Lidar: 2 wavelenghts, Microprocessor,

16-Pixel 3D-Prototyp

The maximum achievable pixels

are only limited by the semiconductors.

As of Dec/2019 40,000 pixels are

available in series. Tendency strongly rising to >120,000 Pixel.

The future is for solid state LiDAR

Reference: IDexTech Report Lidar 2020-2030.


No moving parts : Use of solid state Technology

Wide Angle Field of View and high angle resolution

At least VGA Resolution (300.000px)

Range >200m

Limitation of laser power (Class 1 Eye Safety)

Fast data delivery (e.g. 25 frames/second)

Detection of small objects in the distance (e.g. 10cm@200m)

Multiple reflections (5 echos)

Insensitivity to the ambient light

LiSSA 3D LiDAR meets orexceeds these requirements

Car Manufacturers Have Strong Requirements for LiDAR Systems

Requirements

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HYBRID LIDAR INVESTOR DECK 6

Challenges lidar systems are facing: Resolution

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➢ current lidar solutions have the problem of resolution!

➢ lidar should not only detetct objects, but

also classify them

The greater the

distance at which

small objects are

detected, the faster

can be driven.

classification

➢ object of 10cm height should be

detected by 200m range


Car Manufacturers Increase Demand for LiDAR Systems for their NewAssistive Systems.

NO FLASH LIDAR BEFORE 2021

Why now

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Commercial vehicles and agricultural

machinery, drones, waste disposal,

machinery and plant construction,

building automation, steel and heavy

industry, ports and logistics, wind

industry, etc.

The high volume significantly reducesLiDAR production and open marketsfor numerous further LiDAR applications:

LiDAR is Scheduled to

Become the Biggest

Vehicle Sensor Market

by 2022.

Market

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Industry Touchpoints

We Have Great Feedback from the Industry and Top Car Manufacturers

Volkswagen AG

Dr. Dominik Vock und Dr.

Heiko Gustav Kurz

Group Research

Automated Driving:

The experts are

impressed by the

measuring principle; they

are interested in seeing

the prototypes.

Fraunhofer Institut

Duisburg (IMS)

Prof. Dr.-Ing. Holger

Vogt Stellv. Institutsleiter:

Very good response

and interest in the

measuring method for

further applications.

CJLR (Chery, Jaguar,

Landrover)

Mr. Sun Li:

The experts would like

to be provided with a

prototype or validation

results.

BMW Group

Dr. Karsten Baumann,

Dominik Pfeiffer:

NDA for further

cooperation for the

project "Lidar 2025".

Eltek Group

Tier 1 Automotive

Supplier

CEO F. Cerutti:

NDA and Discussions

on cooperation.

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On Semi/SensL

John Murphy:

NDA agreed. Further

cooperation in the

development of lidar

chips. Implementation

in industrial product.


LiSSA Automotive Resolution: 400x300Px =

120.000Px Farfield

Competitor Resolution:

128x100 Px = 12.800Px (Example Ibeo)

If there are too few pixels, no objects can be classified.

Value Proposition – Resolution

Images are examples that show the different resolutions. They are not lidar images. Differences in lidar images are difficult for humans to interpret. ..


LiSSA Automotive Resolution: 1600x300Px

= 480.000Px Nearfield

Competitor Resolution:

128x100 Px = 12.800Px (Example Ibeo)

If there are too few pixels, no objects can be classified.

Value Proposition – Resolution

Images are examples that show the different resolutions. They are not lidar images. Differences in lidar images are difficult for humans to interpret. ..


Value Proposition – Imager Multiplex Method

Competitors Hybrid Lidar Systems

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Only one global

Counter.

Drawbacks of ToF-Approach (TDC)

The TDC consumes 60-95% of the chip area.

requires only 20% of the area on

the waver of TDC

→ 80% cheaper

Resolution: 4.000 Pixel 4.000 Pixel 12.800 Pixel → 120.000 Pixel / 240.000 Pixel

or significantly more resolution


The Patented Approach Allows to Avoid Expensive Precision Measurement Components

Manufacturing Costs based on 300K Pcs. single sensor

— 10 € ASIC (Sensor-Matrix)

— 16 € Remaining BOM

— 12 € Production

The low production costs result from the patented process, which systemically avoids

high-precision measuring technology. At present, no other competitor is known, which will achieve

these manufacturing costs.

Automotive LiSSA Sensor 56 € → Selling price OEM 100 €

Value Proposition – Price

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— 18 € Laser


05/2020 ASIC Development

05/2020 pre-series stand Lissa_2 (940/905nm, 1550nm) – under development

08/2019 16-Pixel-Protoyp Stand – scalability proven

03/2019 1D-Prototyp-Stand – practical evidence

2018 Hybrid process patent application – pending

2017 Demonstrator – Hybrid process verification

02/2020 pre-series stand Lissa_1 (840nm, 905nm) – Microprocessor design

Functionality of

System Proven

Status Quo - Tech

Lissa_1 Microprocessor

PROTOTYP

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Prototype as required by automotive to participate in

an allocation process.

- Implementation with microprocessor

- Two different wavelengths 840nm/905nm

- Two different illuminations EEL and VCSEL

- Multiplex approach implemented and confirmed


LiSSA universal Industrie

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Delivery from Nov. 2020.

Available for order now.

Safety solution for the crane area

on the Subsea 7

OPTICAL PERFORMANCE

TECHNOLOGY SEQUENTIAL SOLID STATE LIDAR (NO MOVING

PARTS), 3D DATA OUTPUT VIA ETHERNET

WAVE LENGTH 905 nm

LASER CLASS CLASS 1, EYE-SAFETY

RANGE (10% OBJECT REFLECTIVITY) 20 m

RESOLUTION (H x V) 400 x 100 px

RESOLUTION ANGULAR 0,1° x 0,2°

FIELD OF VIEW (H x V, CUSTOMIZABLE) 40° x 20°

NUMBER OF ECHOS 5

FRAME RATE 5

MECHANICS/ ENVIRONMENT/ CONSUMPTION

DIMENSIONS (W x H x D, CUSTOMIZABLE) 200 x 90 x 120 nm

WEIGHT 990 g

OPERATING TEMPERATURE RANGE -20° to +55°C

PROTECTION CLASS (DUST, WATER) IP6K6

SUPPLY VOLTAGE (CUSTOMIZABLE) 12V (FROM CONTROL UNIT)

POWER CONSUMPTION < 15 W

INTERFACE

POWER SUPPLY ACC. CUSTOMER

DATA ETHERNET ACC. CUSTOMER


LiSSA Automotive - TECHNICAL DATA LISSA-AM_G23-LR & SR Triple Sensor

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LR SR

OPTICAL PERFORMANCE

TECHNOLOGY SEQUENTIAL SOLID-STATE LIDAR (NO MOVING PARTS), 3D

DATA OUTPUT VIA ETHERNET

WAVE LENGTH 850, 905 nm

LASER CLASS CLASS 1, EYE-SAFETY

RANGE (10% OBJECT REFLECTIVITY) 150 m 65 m

RESOLUTION (H x V) 400 x 300 px 1600 x 300 px

RESOLUTION ANGULAR 0,1° x 0,033° 0,1° x 0,1°

FIELD OF VIEW (H x V, CUSTOMIZABLE) 40° x 10° 160° x 30°

NUMBER OF ECHOS 5

FRAME RATE 25

MECHANICS/ ENVIRONMENT/ CONSUMPTION

DIMENSIONS (W x H x D, CUSTOMIZABLE) 126 x 79 x 98 mm

WEIGHT 1290 g

OPERATING TEMPERATURE RANGE -40° to +85°C

PROTECTION CLASS (DUST, WATER) IP6K9K

SUPPLY VOLTAGE (CUSTOMIZABLE) 12V (FROM CONTROL UNIT)

POWER CONSUMPTION < 40 W

INTERFACE

POWER SUPPLY ACC. CUSTOMER

DATA ETHERNET ACC. CUSTOMER

Delivery from Q1/ 2023.

Available for order now.

Triple Sensor

120.000 Pixel Far-Field

+

480.000 Pixel Near-Field


• PCT/EP2018/050142: „Arrangement and method for measuring the transit time of a signal between two events“ Inventor: Amr Eltaher, january, 2018. Patent holder is Hybrid Lidar Systems AG.

• WO 2018/050454 A1: „SYNCHRONIZATION OF TRANSMISSION NODES“, Inventor(s): Amr Eltaher and Norbert Kleber, october2016, confirmed as invention by the European Patent Office in March 2018 (not yet issued).

• A50608/2016: „APPARATUS FOR CAPTURING THE ANGLE OF ROTATION“, Inventor: Amr Eltaher, may 2016, issued in july 2017.

• EP19160757.1 patent application for line / matrix / area scanning „Vorrichtung zum Erkennen von Objekten sowie Fahrzeugen“ März 2019. Registrant Hybrid Lidar Systems AG.

• Examination patent application "Facet optics". This will further reduce our form factor.

Patent protection for the new process is very extensive and far-reaching.

Our Know How: 1) the measuring method 2) techn. realization3) ASIC development (algorithms and technical drafts) 4) the cooking recipe (roadmap)

Several Patents Protect our Business Model

Status Quo - Patents

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-Signed contract to equip the cranes of the Subsea 7 fleet with option for further vessels. Start 02/2020 Delivery from 10/2020. Volume 100,000 € (36 pcs.) safe plus option (300 pcs.).

Status Quo - Sales

-Preparation contract with logical safety for a common safety solution for cranes. Start 02/2020 Delivery from 11/2020.Volume 200,000 € plus option.

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Parking Aid for Aircraft

concept phase

Automatically moving

commercial vehicles

person recognition

Safety solution for the crane area on the Subsea7 fleet & as

gantry crane application. Projects signed.

Measurement for

Moon Rover

concept phase

We are Creating Pilots for Several Industrial Applications


The company will be able to be profitable by supplying one model.

32 Mio.€

Annual Revenue

14,08 Mio.€

Annual gross margin for one model

56 €

LiSSA LiDAR manufacturing cost

100 €

LiSSA LiDAR selling price

4 sensors

Per vehicleAdoption of the OEM’s

BMW 7er approx. 80,000 units annually

Simplified Calculation: Profitability is Achieved with One Model

Financial Plan

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Design CenterDevelopmentSales to Tier 1/2and OEM´s

Tier 2 Automotive OEM´sTier 1 System Suppliers

LiSSA 3D LiDAR is delivered as a separate product directly to OEM’s

Overall responsibilityDistribution overall system

ProductionDistributionTake-over of Tier1 function possible

Overall responsibility is held by Tier 1

Product liability is held by the producer (Tier 2)

TASKS TASKS TASKSPrices are negotiated directly with OEM’s -Selling price to OEM's 100 € / pcs.

Selling to OEMs in Cooperation with Tier 1 and Tier 2 Suppliers

Business Model

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- 0 1 12

80

237

451

657

831

-0 -2 -3 -4

2381

159

222263

-0

-

281

563

844

1.125

2019 2020 2021 2022 2023 2024 2025 2026 2027

Revenue & EBITDA [m€]

Revenue

EBITDA

1% 9,6 %

1

47

37

27

17

72

Market Share LiDAR Passenger Cars

Sales cycle of 4-7 years. That also means the turnover of 2022 is setfor the next 4-7 years without any further effort (lifecycle automotive OEMs).

Number of vehicle projects

0,3

We are Creatingsmall series for

Several Industrial

Applications

Financial Plan

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The Automotive Product replaces

the Industrial Product.

One Volume Product for all Markets.


0 313830

12.286

-420

-1.553

-2.747

-4.344

-8.000

-4.000

0

4.000

8.000

12.000

16.000

2019 2020 2021 2022

Ta

us

en

de

Revenue & EBITDA [tsd.€]

Revenue

EBITDA

Product pre-financingvia supplier creditand/or Bank loans

Seed Financing Needs:05/2020 1,8 Mio.€10/2020 0,9 Mio.€

Needs03/2021 0,8 Mio.€09/2021 0,7 Mio.€

Product launch

4,2m€ Will Finance Product Development and Launch within Two Years.

2020: 2,7m€

2021: 1,5m€

Financial Plan

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Unique Combination of Entrepreneurial Vision and Scale-up Expertise

DR. AMR ELTAHER

CTO and Genius26% shares*

Dissertation "Electro-Optical Ranging for Short Range Applications -Design and Realization Aspects". International research activities in the field and renowned expert. Three more successful patents for Lissa. 5 years in the automotive business.

JENS GALLHOFF

COO and tech. sales26% shares*

19 years experience in the international automotive business including 9 years as project manager and sales for automotive electronics projects.

INGO DIETTERLE

CEO26% shares*

11 years Volkswagen, 12 years CEO Centic Engineering, 2 years sales in the finance industry, serial entrepreneur, 15+ years as mentor and business angel in high tech.

Management Team

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The team includes 7 FTE and 7 external experts.


Prof. i. R. Dr. habil. Dieter JägerUntil 2012: Professor at the University of Duisburg-Essen Faculty of Engineering Centre for Semiconductor Technology and Optoelectronics (ZHO).

Prof. Dr.-Ing. Ulf LeziusLübeck University of Technology, Department of Applied Sciences, Nominated Professor of the Year 2018.

Prof. Dr. Peter SzyszkaHannover University of Applied Sciences and Arts, Department of Public Relations.

Veaceslav DriglovTHINKT digital. Former Innovation Manager Truck and Bus Daimler AG.

Advisory Board

Strong Expertise within Our Advisory Board

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Investment Thesis

Series A

2,7m€

Therefore, we raise• Flexible Industries and Use Cases

• Patented IP

• High Demand

• Fast Market Entry

• High Margin

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previous investment rounds

1,0m€Seed Funding

Valuation 15m€

www.hybrid-lidar.com

[email protected]

Mobil: +49 160 6322326

TecCenter 1

31162 Bad Salzdetfurth

Germany

HYBRID LIDAR SYSTEMS AG

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Scale I Nord Programm 2020

TOP 5 LiDAR Startups in the world

Enabling Autonomous Driving and Next Generation...

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