The world’s first Dynamic Security Solution for mobile applications

EVERSPIN

COMPANY OVERVIEW

Company Everspin Co., Ltd Tel +82 - 2- 782 - 8003

CEO Steve, Ha Location Seoul, Korea

Founded Feb, 2014 Website www.everspin.co.kr

Capital $0.289M Team 15

Industry Security Service

(SaaS based) Eversafe

(APP Protection)

APP Passcode (Certificate) upcoming

Dynamic Encryption

(E2E) Upcoming

Partnership 4 companies Expected Revenue

$1.3M(estimated by 2016.5)+∝(expected number

through sales activity from MAY)

Funds $3.25M Goal Market EUROPE,US -> WORLDWIDE

COMPANY HISTORY

Participate in ITU TELECOM

WORLD 2015 and

DEMO DAY

02 03 2015 05 10 11 01 2016 02 2014 04 05

Firmed EVERSPIN

Passed Financial Security Test of Korean Financial Security Agency

Participate in ITU TELECOM WORLD 2015 and DEMO DAY (Hungary)

Grand prize in Fintech Korea challenge

Chosen as Global K-start up 2015 Raised $1.05M

Minister’s prize from Financial Services Commission

Launched with Check mobile APP

Joint Business

Joint Business

Joint Business

Raised $2.2M

Jury Special prize from FIBC in Tokyo, Japan

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Participate in Startup Thailand 2016 and DEMO DAY (Bangkok)

Participate in ICT SPRING 2016 and Pitching event (Luxembourg)

Participate in Communic Asia 2016 and Pitching event (Singapore)

Winner of unofficial hacking competition held by Main Bank of Korea competing with domestic and international major security solution companies (9 companies)

INTRODUCTION

▶Server generates countless dynamic security modules and assigns dynamic security modules to application to protect

every time application runs, every 10 minutes during application is on

*Dynamic module has an expiration time, so it is expired within a regular time after protecting an application. A used module is discarded and new module is assigned to the application.

Dynamic modules Keep changing and they are expired within a regular time. We say, it is Dynamic and Secure. => Application is protected by dynamic security modules continuously.

Eversafe : Server-based Dynamic security solution for mobile applications

4. A used module is discarded and it is never reused

2. Every time application runs Every 10 minutes during application is on

1. Generating countless dynamic security modules

3. Assigning security modules to the app

Existing security solution is static

Existing security solution is static.

- Never changes until updating and distributing application again. - Servers of existing security solution are only monitoring security module whether or not being hacked. - If hackers have enough time to analyze, applications will be hacked simply.

Hackers say..

Hmm.. It has same construction from the first. I can analyze its source because it is not changed at all. I have enough time. Too easy.. server

1) Monitoring security module

Security module

Inside application

PROBLEM

Dynamic security solution, Eversafe

Eversafe security solution is Dynamic.

- Each of our security module has different constructions and a used module is discarded and is not reused. - Servers of our security solution assign security modules which have a expiration time and monitor modules whether or not it is being hacked. - Applications are protected by our dynamic security module continuously.

SOLUTION

Hackers say.. Oh!? Is the module expired within a regular minute? No time to analyze the source. WHAT!? A module consists of other modules with different types of sources each. No way! Every time users run apps, their server assigns new security module to protect App.

Unbelievable..

A space inside application for module assignment

server

1) Assigning security module 2) Monitoring security module

1 n

module

FEATURES/TECHNOLOGY

1) Servers generate innumerable dynamic modules 2) Consisting of n other modules with different types of sources in each 3) Module has an expiration time 4) After protecting an application within a regular time, a used module is discarded after protecting applications.

Module Construction Module Function

1. Detect OS forgery and alteration

2. Detect app forgery and alteration

3. Security keypad

4. Prevention of memory forgery and alteration

5. Anti-virus

6. Obfuscation of dynamic module

7. Other security functions

Everspin Patent Patent Name Reference

Dynamic Security Patent System and method to eliminate potential risk factors from application Submitted (2015)

Two-channel Certification Patent Personal certification and payment by mobile device Registered (2008)

2014.04 ~ 2015.03

• 5 more patents related to dynamic security solution

100% Defended

*Final report on Financial Security Test (Mar. 5th, 2015)

Detailed Test Results OS Forgery Detection “Satisfied” Application Forgery Detection “Satisfied”

Debugging Detection “Satisfied”

Security Keypad Detection “Satisfied”

Anti-virus Detection “Satisfied”

CREDIBILITY

3,245 Hacking attempts

*Patents

Passed all the categories of Financial security test as the First and the only one in Korea

Infrastructure size

1st target market

Business entry plan

Financial market

Service market

2nd target market

Marketing strategy

Top – Down After activating our solution business in the financial market, we will head to the service market.

Phase 1. Successful example in Financial industry.

Phase 2. Preparing platform to be spread our solution in Financial industry.

Phase 3. Spreading a platform through

stable business basis

• Passed all categories of Financial Test • Securing infrastructure through partnership

• Starting from a major securities company • Developing a platform with monthly basis for service business.

• Dominating security market through providing secured platforms to service business

- ① 단계적 목표시장 분석 및 확보 기본전략 MARKETABILITY

1) Cloud – based service (server - controlled Dynamic security solution)

2) Tailored solution (Build a server in customer’s IT center)

Business model

Revenue Model

Cloud based service charging system :

(main pricing system)

1) Charging a fee based on actual app users of the

month.

2) Customers do not need to build any system to

apply our solutions

One Time Sales :

1) Selling solution : the price will be decided by

customer size.

2) Annual maintenance cost

(about 15% of selling price)

Note

■Customer payment method

= n(user/monthly) x fee (based on total actual app users of the month)

*FEE is decided depend on Countries, and companies.

BUSINESS MODEL

ACCOMPLISHMENTS

1 Business Joint Business with Koscom (2016.01.13)

Joint Business with Asiana IDT(2016.01.28)

Joint Business with SK infosec (2016.02.02)

Awarded Grand Prize from Fintech Korea Challenge 2015(2015.04.15)

Minister’s Prize from Korea Financial Services commission(2015.12.23)

Jury special Prize from FIBC 2016 Tokyo, Japan(2016.02.25)

Proceed Launched Eversafe with stock trading application of Koscom (2016.01.06)

Launch with 6 securities companies(2016.07)

Launch with non- face to face authentication APP(2016.06)

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Steve, Ha CEO

15 professional team members in EVERSPIN

Development Team

Strategy and Planning Team

TEAM

CEO’s History • Bachelor Degree for Electric Engineering at Korea University • Planned and launched mobile barcode payment platform as a first in Korea. • Planned SAMSUNG Smart TV payment • Planned cloud service platform at NHN • Planned N-Drive, N-Portal Biz and business service at NAVER • Examined knowledge assets of NHN and built business model • Lectured “52nd the technical seminar” for fintech, invited as solo-speaker (2015, Ministry of Science, ICT and Future Planning) • Winning fintech challenge contest, Koscom 2015 • Winning Global challenge contest, Born to Global 2015

Key points of Eversafe

Eversafe is Dynamic

Server generates Countless security modules

Size of the module is Minimum 50KB

Eversafe has High extendibility

We will make the world ever safe through our security solution, Eversafe.

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CONTACT

Address 33, Gukjegeumyung-ro 6-gil, Yeongdeungpo-gu, Seoul, Korea

TEL. +82 - 2 - 6331 - 6241

Email everspin@everspin.co.kr

Home www.everspin.co.kr