UniqueSec Stage Pitch - 2023-10-24 15.17.08.pdf

Uniquesec pitch deck

1. PITCH DECK 2023

UniqueSec

Digitizing Autonomous Driving Testing

2. Market Opportunity

The global automotive radar market is set to expand 22% CAGR
from 2020 to 2025, amounting to $7.3 billion by 2025. This growth is
due to the higher acceptance of advanced driver support
(ADAS) and self-driving cars. Radar serves as a distinct sensor
technology that makes ADAS attributes like autonomous emergency
braking, adaptive cruise control, blind spot detection, and lane
change support possible.

3. Background

Safety Sells Cars

‘Safety isa paramount concern
inthe transition from L2 to fully
autonomous LS vehicles, with
‘consumers and automotive
‘companies focusing on it. The
old saying "safety sell cars"

Regulation Leads the
Way

Consumer awareness of
advanced safety features is
growing globally, accompanied
by regulatory efforts ed by the
global New Car Assessment

Multimodal Sensor
Technology

Achieving safety in
‘autonomous vehicles requires a
balanced approach to sensor
technology, such as cameras,
RADAR and LIDAR, as no single

holds true today. Program (NCAPS) technology is sufficient for fully
autonomous driving or
advanced driver assistance
systems (ADAS),
Importance of Radar Enhancing Radar Testing Challenges
Resolution

For vehicle safety applications,
RADAR and camera sensors
are crucial with cameras
recognizing and classifying
objects, and RADAR sensors
providing vital capabiities for
low light and challenging
‘weather conditions, including
vehicle to-object distance,
depth, and velocity

Improving RADAR resolution
remains a challenge, especially
with angular resolution, which
is essential for many functions.
Manufacturers are exploring
techniques like multiple input
multiple output (MIMO) to
enhance angular resolution
without significantly increasing
costs,

‘Automotive manufacturers,
researchers, and testing
facilties use a combination of
Controlled test environments,
simulation, hardwarein-the-
loop (HIL) testing, field testing,
‘and advanced testing
equipment to thoroughly
evaluate radar systems for

4. ASGARD

Automated Signature
Generator for Automotive
Radar Verification

S

Patented technology

Revolutionary frequency-
domain automotive radar target
simulator

Award winning

Winner of Autosans Award 2019 for "Best

Validation/Simulation Tool"

Efficient solution

Simulated testing reduces need for real
world testing meaning faster, cheaper
testing with less emissions

7

O

Commercialized and ready for
scale-up

Successful installations with current
clients and large potential market

5. ASGARD Benefits

everal challenges in Radar di

Realistic Test eaten

High-Frequency Operation
Multipath and Reflections
Clutter and Noise

Radar Beam Characteristics
Cost and Time Constraints

Scalability

6. Competitive
Advantage

Established Connections with Key Market Players such as
Volvo Cars, Toyota, Porsche, Bosch and Veoneer

Patented Automotive Radar Target
Simulator Technology

Experienced Engineering Team

Quickly Reduces Testing Time and Cost for
Clients

First Mover in Automotive Radar
Testing Market

7. UniqueSec

UniqueSec AB is an innovative company, based in
Gothenburg, Sweden. We design and develop
systems and solutions for verification of
autonomous vehicles and driver assistance system
(ADAS) by testing automotive radars.

8. Dr. Kasra Haghighi

Dr Kasra Haghighi got his PhO in communication
engineering and cognitive radio from Chalmers
University of technology and has been the winner of
several national and international innovation and
nvention awards. He has also co-founded few tech
startups. He is an IEEE senior member

Management Team

|
BR N

Fahimeh Rafıeinia

Fahimeh Rafıeinia is an expert in the areas of radar
signal processing and radar target simulation. She is
an IEEE senior member and since 2020 serves as the
chair of IEEE P3116 working group on automotive
radar standardization,

Toktam Bagheri, MSc. Board member, technical

expert, and product owner within ADAS and

autonomous driving, and radar and signal processing

expert with more than 10 years of experience
at Autoliv Research, Volvo cars and Zenuity

king

9. 2016 e
Prototype of 1st gen

Milestones

2018 2020

@ 2022

Commercial release ASGARD 2nd gen

Delivery of ASGARD

ASGARD and first of Ist gen ASGARD. PoC with Volvo and system for Porsche
patents granted Veoneer. radar.
© 2017 @ 2019 © 2021 e 2023
Global patents Contract with Toyota First sales of Delivery to Toyota
granted for key ASGARD 2nd gen to and multiple
technologies. Japanese market. international orders.

10. Targeted Market

e

Market sectors for radar target simulation in early-
‘stage development and validation are vehicle
€117B manufacturers (OEMS) ther suppers (Jemand
tier 2s), companies who develop autonomous driving
€2.5B een
° ‘consultancy companies who provide service to
(OEMs or their supplers

Global Vehicle Global Vehicle R&D Estimated Global
Market Spend Advanced Radar
Testing Market

Targeted market in 2023
Ox. €2.5B

11. Go-to-Market Strategy

Leverage Existing Relationships

Reach out to existing contacts at automotive OEMs and Tier
1 suppliers to introduce our radar testing equipment and
explain how it can improve their ADAS development and
validation

Onboard More Partners

Actively seek partnerships with additional automotive OEMs,

Tier 1 suppliers, and ADAS component suppliers to expand
access to potential customers.

Establish Reseller Network

Hire and educate authorized resellers to promote our radar
testing items in vital locations to boost sales reach

Participate in Industry Events

Exhibit and sponsor relevant industry events to showcase
products and make new contacts with potential automotive
radar testing customers.

12. Financial Projection (€)

30m
55 Y
20m
CAGR 2024-2029
10m
0
10m

2024 2025 2026 2027 2028 2029

O Projected sales @ car

13. Planned Use of Investment

In order to realize our business plan for the coming 36 months, we are looking for an investment of €5M for
the period 2024-2025. This will allow us to build an organization capable of delivering more than 25
ASGARD units yearly whilst staying ahead in technological advances.

|Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Qi Q2 Q3 04
inate Cente 24 | 24 | 24 | 24 | 25 | 25 | 25 | 25 | 26 | 26 | 26 | 26

Expand Engineering Gain capacity to simultaneously work on RED, testing
Team and delivery.

Build Sales Team | Building local presence in European, North American

and Asian markets.
‘Strengthen and Maintain
Meee MANI Ensure that new innovations are adequately protected.
Increase Marketing | Attending exhibitions, travel expenses and targeted
‘Activities marketing efforts.

Ensuring future scaleability by boosting management,
Build for Future Scale ame

14. You've heard from us

we want to hear
from you.

Kasra Haghighi
@ [email protected]

S [phone]