X-Waves pitch deck

X-Waves is a new form of eyewear that allows users to manually adjust each lens in order to vary the amount of light flow into each eye.

Transcript

1. Dark Clear
2. Problem PHOTOPHOBIA!- Extreme sensitivity to Light 3/31/2020 2 Diplopia – Binocular Double Vision Diplopia – Binocular Double Vision Unsatisfactory eyewear available to mitigate symptoms of:
3. Solution Options 3/31/2020 3 Currently Available Options: X-Waves
4. 3/31/2020 4 Fundamental insight: To provide the therapeutic results patients seek we need to break free of the box that says eyeglasses have to contain 1 unmoving optic per eye. Example1 X-Waves’ Patent pending Cross Polarization optical System
5. Market: 3/31/2020 5 SAM 2.9 Billon 20% of US Frame and Sunglass Market SOM 300 Million Ramp up time possible competitors. 2020 Eyewear Annual revenue forecast from: TAM 131 Billon Global Eye- Wear Market Frames 9.8 Sun Glases 4.7 Contact Lenses 4.6 Prescription Lenses, 13.7 2020 US EYEWEAR MARKET IN BILLIONS OF USD 14.5 32.8
6. Go to Market 3/31/2020 6 • Over the Counter (OTC) • Prescription (P) $250 $350 Direct Internet Sales $450 Referral From OD READIT $0 to Influencers Prescription Eyewear Retailer Cost to build ~$105 @ 1,000 unit volume $100 Upgrade Adjust Sales People
7. Validation Patient: I use to be relay self-conches abought my double vision… It(X-Waves eyewear) allowed me to switch from (blocking) one eye to (blocking) the other which also reduced muscle strain. It empowered me to be in control on which eyes were blocked through the day and adjust the light as needed. It’s more comfortable than an eye patch. It allows for a sense of normalcy. I feel more comfortable in public and at work wearing X Waves than an eye patch...I have better control of my symptoms." AJ "I am a convert.... Started to have visual symptoms that usually indicate a migraine is coming. I immediately put on my X-Waves glasses adjusted the light levels in each eye and with in 10 minutes the painful visual prisms stooped and no migraine developed." - Leslie Lukesh Optometrist: I believe your prototype could be beneficial for our patients, and I am checking with our administration on how we can have our patients evaluate it. - Dr. Marlena Chu Entrepreneur in eyewear space: Scott, nice to meet you. Congratulations, this(X-waves) looks very promising. Most people with Advanced Macular Degeneration (Irisvitions primary target) are also photophobic. I will share this with my team and hope to learn more about how we can help more patients together. Ammad Khan CEO irisvision 3/31/2020 7
8. Our People 3/31/2020 8 Leslie Lukesh – Co-founder Scott Andrews– Co-founder / President Destiny Andrews– Co-founder National Ignition Facility Jupiter Laser Facility - Visual ART-CAD-Web Design -
9. The Objective Raise $80K in pre-seed round from professionals and/or friends and family investors in exchange for 4% of company. 3/31/2020 9 Questions?