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Weebitnano The Future Memory Weebit progressing to first commercial agreement ; progresses embedded memory module and selector development Key highlights for Q3 FY21 • Q3 FY21 Activities Report Progressing discussions with multiple potential production partners and customers , targeting first commercial agreement by mid - year , subject to COVID - 19 international travel restrictions Ongoing technology development with Leti on the embedded memory module and selector for the discrete market • Appointed Ishai Naveh as Chief Technology Officer to drive ReRAM development • Filed two new design - related patents , optimising ReRAM programming • A $ 2.03 million¹ received for French R & D incentive Included in the S & P / ASX All Ordinaries Index 30 April 2021 - Weebit Nano Ltd ( ASX : WBT , Weebit or Company ) is pleased to provide this activities report for the quarter ended 31 March 2021 ( Q3 FY21 ) , along with the Company's Appendix 4C cash flow report . Commenting on Q3 FY21 , Weebit Nano CEO Coby Hanoch said : " It has been a productive quarter for Weebit Nano and we continued to progress toward securing a first commercial agreement by mid- year . We are in discussions with multiple potential partners including customers and fabs , and are considering different types of commercial agreements . COVID - 19 travel restrictions have the potential to cause a small delay in achieving our target and we are doing what we can to mitigate this . " We are experiencing increased interest in our ReRAM technology from potential customers , looking to incorporate it in their future products . Such discussions are providing us with valuable market feedback , and we are using this information to improve the attractiveness of our technology . " We are making good progress towards reaching an agreement and expect to commence the technology transfer , followed by the qualification process , over the coming months , despite the worldwide semiconductor shortages impacting the ability to transfer our technology to a production fab . " Weebit Nano's addition to the S & P / ASX All Ordinaries Index is another great milestone and builds on the Company's recent inclusion in the S & P / ASX All Technology Index . We also strengthened our 1 € 1.3 million Government incentive ; based on FX rate of 1 EUR = 1.56474 AUD Contact Office : + 972-9-7797832 info@weebit-nano.com www.weebit-nano.com