svi investment slide deck _law enforcement update_crowdfund update
TRANSCRIPT
JANUARY 2015
A 3D Facial Recognition Technology Company
GREGORY STEINTHAL, FOUNDER AND PRESIDENTPASADENA GATEWAY CENTER
PASADENA, CA
Stereovision Imaging, Inc. (SVI)
Proprietary & Confidential 2
Introduction
Early Stage, Small Business, Privately Held
Long range facial recognition (200 meters +)
Patented Technology
Proprietary 3D/2D imaging algorithms
Operates in uncontrolled environments
Identify non cooperative individuals
Mobile and Fixed Camera Solutions
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3
Applications & Vertical Markets
Who Needs this Technology & Why?1. Military / Homeland Security Law Enforcement
Public safety, national security Mobile surveillance task forces
2. Physical Security Control access to sensitive areas Identification of known shoplifters
3. Targeted Marketing Identify VIP Customers
KEY
HOT!
TRENDING
• Today mobile operators identifying target subjects with hand held binoculars and photos.
• Law enforcement and government customers need to identify and monitor moving “non cooperative subjects” at long range under uncontrolled environment conditions.
• Tactical applications for military, homeland security, law enforcement, and investigative operations.
Law Enforcement Solution Needed
As seen on Steven Hawking’s Brave New World Mini Series http://vimeo.com/103616121
•Integration of Surveillance and
Identification for Law Enforcment• Solution = 3D FACIAL RECOGNITION BINOCULARS
Smart Binoculars
Concept Evolution
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ITEM SPEC
Magnification 8x
Objective 40mm
3D Image Capture
Resolution
5MP
IPD at 100 meters
50P
Wireless Protocol
WUSB
System Response Time
< 20 seconds
Size 7x5.5x4 “(LxHxW)
Weight Less than 2lbs
3DMobileID™ Technology at Range
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Advanced 3-D segmentation algorithms extracts faces from cluttered backgrounds. Enhances Face Detection Performance = Lower False Alarms
2D 3D 2D Segmented Images
2007-2009 Department of Defense Special Operations Command and Army Research Lab
Proof-of-concept development
2009-2013 Department of Justice - National Institute of Justice
Complete System Development
2012-2013 Department of Defense Center for Commercialization of Advanced Technology
Complete Advance Wireless System Development and Technology Field Demonstration Breakthrough (Dec. 2012)
2013 – 2014 Department of Defense – Under Secretary for Defense, IntelligenceExtended Range to 200m
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Strong Law Enforcement Track Record
$3.0M+ R&D Government Funded, Sponsored, Endorsed, Tested and Validated !Ready for Commercialization.
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Interoperable Software
Award Winning 2D Face Matching Software
(Strategic Partner)
P e r f
o r
m a n c e
3D Enhancement
Technology(SVI)
NOTIONAL SALES PACKAGE
• *$30K System Sale
- 3DMobileID™ Binoculars
- Software License
- Training, Installation
- $10K additional device/seat
• 20% Annual Recurring
Revenue Source
- Technical Support, Upgrades, Maintenance
Gross Profit at ~ 70%
* Price Point Socialized
Business Model
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1. System Software Licensing Sales
2. Strong Recurring Revenue Stream
Affordable Core Technology
Synergistic Gov’t Product Development Efforts
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• Sole Source Supplier of 3D Binocular Based Face Recognition System Technology to U.S. Government
- Only Player with this Type of Needed Technology (Patented)- Over Five (5) Years Proprietary Algorithm Development - SPAWAR Sponsor becoming Center of Excellence for DoD Biometrics
- $100M Procurement Contract
Wired Magazine 2/13
Market Opportunities
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CORE TECHNOLOGY
HOMELAND SECURITY /
LAW ENFORCEMENT
MILITARY PHYSICAL SECURITY
RETAIL SECURITY
Market Sizes from $100’S M to $10’s B
Current Space
Seeking $1,000,000$100,000 min
Near Term Goal : Beta Program with Law Enforcement& Secure Procurement Contract(s)
BETA Program Partnered with Law Enforcement Alpha Testing / Beta Support $100K
Technology Commercialization Product Development $500K Inventory $100K S,G&A $200K Working Capital $100K
Total Use of Funds $1,000,000
Use of Funds
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MobileFi
xed
Funding Received to Date:
Series B Round Funding Sought: Up to $1,000,000
- Offering: Preferred stock via Private Placement Memorandum
- Voting rights with anti-dilution provisions
- Pre-money Valuation : $7.4M
- $100K Threshold
Common Stock Offering $609K raised
Series A Preferred Round $425K raised at $0.66 per share
Series B Preferred Round $625K raised at $1.00 per share
$2.66 M+ in Government Contract Revenue Total Funding to Date ~ $4.5M
Core Funding
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Initial Target Market: Mobile Surveillance Task Forces
3D Enhancement
Technology(SVI)
Estimated targeted law enforcement total demand ~ 300,000 users,~10% Involved with Surveillance
Potential Market Size $300M+
Law Enforcement Commercialization Plan
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Market Introduction
First Adopters
Followers
Markets Law Enforcement Law Enforcement Law Enforcement& Fed. Go's
Partner • LASD, SDSO (Largest U.S. Law Enforcement Agency)
National Institute of Justice -Center of Excellence
• Federal Agencies• Sales/Distribution Partner
Installation Base
LocalUp to 150 Systems
Local & NationalUp to 1000 Systems
Local & National1000+ Systems
Leveraging Sales Model
• Local Law Enforcement to Top 10 SMA’s• Direct Technical Sales to Procurement Contracts
• Installation Base Recurring Revenue
YEAR 2 …………………………………………………… YEAR 4
Competition / Strategic Partners
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No Direct Competition
• Other players such as CrossMatch, MorphoTrust offer short range hand held 2D solutions
• Digital Signal Corporation offers long range 3D solution but not hand held and is infrared-based
Strategic Partners
• Outsourced Manufacturing: Kamakura-Koki is our Japanese manufacturing partner. One of the World’s largest manufacturers of sporting and military optics.
• Cognitec, MorphoTrust, and OmniPerception are our 2D biometric technology and potentially sales and marketing partners.
SVI’s competitive edge is in performance, mobility , range and integration of surveillance operations with
on-demand identification
Experienced and Talented ManagementM. Gregory Steinthal, MSc EE, Minor Optics - Founder & President 20+ years of management with product development/ manufacturing in optical, electro-optical
systems . Key team member of 2 VC funded start-up’s thru acquisition by Fortune 500 Companies.
Dr. Sergey Karlin , Ph.D EE, – VP, Product Development
30+ years experience in the application of facial recognition and image processing technologyManagement / product development.
Frank Grossman, MBA – CFO35+ years of experience as a corporate financial executive in both public and private companies.
Extensive international experience in Asia, Europe, Latin America and Africa.
Dr. Rodney Goodman, BS EE with Honors, Ph.D. Electronics – Technical LeadWorld renowned in the field of machine vision intelligence. Past faculty at the California Institute of Technology (Caltech).
Jon D. Rhodes - Law Enforcement Marketing Advisor30+ years of law enforcement experience, including 10 years with Special Weapons and Tactics team.
Management Team
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Ten Reasons to Invest
in Stereovision Imaging1. Execution Focused & Experienced Management Team2. Proprietary & Patented Technology 3. Strategic Partners In Place4. Outsourced Manufacturing with Top Optics Manufacturer5. Multiple Past / Current Government Contracts6. Growing Biometric Market – Domestically and Internationally 7. 3DMobileID™ Binocular System Product for Mobile Outdoor Surveillance 8. 3DCapture™ System Product for Fixed Indoor/Outdoor Security Application9. Disruptive Technology with Competitive Edge10. Multiple Attractive Exit Strategies
Summary
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Stereovision Imaging, Inc.Gregory Steinthal, Founder & President
626.296.6295 OFFICE626.590.9290 CELL
www.stereovisioninc.com
Contact Information
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Q&A