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Weebitnano The Future Memory Q2 FY21 Activities Report and Appendix 4C Completed stabilisation process and expanded strategic partnership with Leti ; raised additional $ 15 million to accelerate development and commercialisation activities ; strengthened executive team Key highlights for Q2 FY21 • Completed the stabilisation process with Leti ; technology now ready to transfer to a production fab ; discussions with potential production partners advancing • Expanded strategic partnership with Leti to incorporate additional activities across ReRAM technology development , embedded and standalone memory markets Raised $ 15 million via heavily oversubscribed Placement and Share Purchase Plan Further strengthened executive team with the appointments of Ilan Sever as Vice President Research & Development and ( post quarter end ) Ishai Naveh as Chief Technology Officer • Filed two new patents with Leti , optimising ReRAM performance • Included in the S & P / ASX All Technology Index 29 January , 2021 - Weebit Nano Ltd ( ASX : WBT , Weebit or Company ) is pleased to provide this activities report for the quarter ended 31 December 2020 ( Q2 FY21 ) , along with its Appendix 4C cash flow report . Commenting on the quarter , Weebit Nano CEO Coby Hanoch said , " Our silicon oxide ReRAM memory technology is now in the final pre - commercialisation stage and we are progressing towards productisation . " We were extremely pleased with the strong level of support shown by both new and existing investors in the quarter , helping Weebit Nano to secure a further $ 15 million capital . Importantly , these funds allow us to accelerate key development and commercialisation activities across the embedded and standalone memory markets , as well as the neuromorphic domain . " Having completed the technology stabilisation process , we are ready to start the process of technology transfer . As we are dealing with nanotechnology , which is a thousand times smaller than the cross - section of human hair , the technology transfer process is very delicate and involves multiple steps before the technology itself can be physically manufactured in a production fab . After the technology is transferred , final development steps will be conducted in the production fab to reach the point we can commence the technology qualification process . Contact Office : + 972-9-7797832 info@weebit-nano.com www.weebit-nano.com