Slides
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Investor Update October 2026
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© 2025 Weebit Nano Ltd. All rights reserved. Introduction 2
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© 2026 Weebit Nano Ltd. All rights reserved. Weebit Overview: Leading Vendor of ReRAM IP 3 Advanced Non-Volatile Memory (NVM) Now Entering Production Founded: 2015 Located: Israel, France & US Only independent provider of qualified ReRAM IP Proven, protected technology Fully qualified per JEDEC & AEC-Q100 standards; Available for chip designers >100 patents/applications Market opportunity Meeting growing demand for embedded NVM and AI computing Multiple commercial deals Including tier-1 IDMs TI & onsemi; Expanded deals with existing customers; Engagements with >20 foundries, IDMs, product companies Profitable business model Scalable, high-margin IP licensing to semiconductor companies & fabs Financial strength / execution Well funded for long-term growth; Cash balance of $164m at end Q1 FY27; Record FY26 revenue of $15.3m Deep expertise •Experts in Device, Process, Analog Design, and Digital Design & Algorithms •80 employees (~90% engineers/ scientists; 21 PhDs) •R&D partner: CEA-Leti, a leading microelectronics research institute Global Small Cap Index S&P/ASX 300 ASX: WBT
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© 2026 Weebit Nano Ltd. All rights reserved. Strong and Experienced Board and Management Team 4 David (Dadi) Perlmutter CHAIRMAN Yoav Nissan-Cohen NON-EXEC. DIRECTOR Atiq Raza NON-EXEC. DIRECTOR Naomi Simson NON-EXEC. DIRECTOR Ashley Krongold NON-EXEC. DIRECTOR Anne Templeman- Jones DEPUTY CHAIR Ishai Naveh CTO Ilan Sever CHIEF MEMORY ARCHITECT Issachar Ohana CRO Eran Briman VP MARKETING & BUSINESS DEV . Alla Felder CFO Lilach Zinger VP OPERATIONS Coby Hanoch CEO Gideon Intrater VP SYSTEMS & AI Raz Reshef VP DESIGN R&D
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© 2026 Weebit Nano Ltd. All rights reserved. A Brief History of Embedded Non-Volatile Memory (NVM) 5 ~2010 Flash Scaling Issues Known Alternatives Emerge FeRAM MRAM CBRAM ReRAM PCM 3Dxpoint Optane ~2020 Choices Narrow MRAM Mass Production ReRAM Multiple Companies Developing 2024 Superior Tech Wins MRAM Magnetic Issues ReRAM In Production; Vendors Shake Out Today ReRAM is Chosen Flash Replacement The only Independent Qualified ReRAM Supplier Future ReRAM: NVM & In-Memory Compute Engine NVM IMC
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© 2026 Weebit Nano Ltd. All rights reserved. The Rise of ReRAM 6 Embedded Emerging NVM Market (in $M)* Note: The embedded emerging NVM market size is evaluated based on assumptions of the average chip area occupied by a given memory technology (Yole) *Source: Emerging Non-Volatile Memory 2026 report, Yole Group PCMReRAM MRAM Total $0.3B ReRAM MRAM PCM Total $4.1B ReRAM outpaces market growth, expanding to 50% share by 2031 2025 2025 2026E 2027 2028 2029 2030 2031 Market Volume in # of Eq. 12'' Wafers* 2031 Total CAGR25-31 ~56% ReRAM CAGR 69% 31% 35% 34% 50% 28% 22% Weebit observation: The higher projected wafer volumes suggest ReRAM is expanding into cost- sensitive, high-volume embedded applications.
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© 2026 Weebit Nano Ltd. All rights reserved. Weebit ReRAM Advantages 7 Lower cost. Higher performance. Better reliability. Future-proof scalability. Superior to embedded flash across key metrics MANUFACTURING ADVANTAGE SCALABILITY & INTEGRATION ADVANTAGE PERFORMANCE ADVANTAGE RELIABILITY ADVANTAGE 3-4x Lower added wafer cost vs. embedded flash 2-mask adder (vs. ~10) Shorter cycle time; fewer manufacturing steps <28nm Scales to processes far below limits of flash Proven @ 28nm and 22nm Scalable below BEOL 0 interference w/ analog & power devices Best NVM for PMIC & mixed-signal 10x-100x Faster program time than embedded flash Bit/byte addressable No sector erase >10x Better endurance vs. embedded flash Demo 100K-1M write cycles ~100x More energy efficient vs. embedded flash Low voltage, low current write operations 150°C Reliable for Automotive designs Grade-0 conditions and profiles ~350x Better radiation tolerance vs. flash2 Also tolerant to EMI 1 BEOL = Back-End-Of-Line 2 Refers to ReRAM cell array 1
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© 2025 Weebit Nano Ltd. All rights reserved. Recent Achievements 8
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© 2026 Weebit Nano Ltd. All rights reserved. Continuing Growth in Revenue and Cash Receipts New licensing and design agreements expected in the coming year Initial royalties hoped for in CY27 9 457 483 2677 1391 7349 8540 790 3402 6128 153 865 676 3733 5,646 9630 0 2000 4000 6000 8000 10000 12000 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY25 FY26 FY27 Weebit Past Cash Inflows and Revenues (Thousands A$) Cash Received Revenues Record revenue and growing receipts A$15.3M Record FY26 revenue, in line with upgraded guidance A$6.1M Q1 FY27 quarterly customer receipts Well-funded to execute on growth strategy A$164M Strong cash balance A$102M Raised in May 2026 Placement + SPP Sustained capital discipline A$3.2M Net cash used in Q1 FY27 A$18.4M Net cash used in FY26 Outlook Quarterly receipts are dependent on timing of payments based on milestones Note: Past revenues and cash income do not necessarily reflect on the future
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© 2026 Weebit Nano Ltd. All rights reserved. Q1 FY27 Commercialisation: Foundry & IDM Partners 10 ReRAM qualified at DB HiTek and open for customer designs, with onsemi and TI progressing to plan Qualified Qualification underway On track Agreement signed Tech transfer Qualification Available to customers Agreement signed Tech transfer Qualification Available to customers Agreement signed Tech transfer Qualification Available to customers •Ongoing evaluations with potential new fab customers •Focused on converting current evaluations into new foundry and IDM agreements Expanding the pipeline Foundry / IDM Partners Integrate Weebit ReRAM into their process and make it available to their customers. •ReRAM qualified on 130nm BCD •Process ready for customer designs •Actively engaging with product customers •Functional test chips received •Qualification underway •Work progressing as planned •Work progressing as planned
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© 2026 Weebit Nano Ltd. All rights reserved. The Takeaway Strong Customer Endorsement Larger Revenue Opportunities Long-Term Relationships Weebit Nano has expanded its licensing agreements with key customers to include additional technologies, products and domains. Existing Customers Are Expanding Their Engagement A powerful indicator of the value of Weebit ReRAM The Customer Journey Initial License Technology Transfer Customer Confidence Expanding Into Technologies Applications Business Units Products Weebit ReRAM —Weebit 4Q26 report
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© 2026 Weebit Nano Ltd. All rights reserved. Q1 FY27 Commercialisation: Product Customers 12 Customer silicon running software from integrated ReRAM, advancing towards mass production Advancing Validation Taped out Agreement signed Design & tape-out Testing & Qual Mass production Customer 2 Customer 3 •Growing number of product customer projects across existing and new applications •Focused on converting current engagements into royalty generation Expanding the pipeline Product customers Design and manufacture chips using qualified ReRAM from our manufacturing partners. •Sample chips received from fab •Samples provided to end customers •Functional – running software from integrated ReRAM •Customer targeting production in 2027 •Samples received from the fab •Functional – running software from integrated ReRAM •Continuing silicon validation/testing •Customer targeting production in 2027 •Design taped out •Samples expected before e/o 2026 •Limited production planned in 2027 Agreement signed Design & tape-out Testing & Qual Mass production
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© 2026 Weebit Nano Ltd. All rights reserved. Weebit ReRAM Powering Edge-AI Battery Intelligence Overlord Labs integrates Weebit ReRAM into its Battery Intelligence Platform GENESIS | Silicon × Algorithm Architecture for intelligent battery management Purpose-built IC for battery-powered Edge AI devices Continuous battery sensing, modeling & optimization Optimized for battery performance, safety & cycle life Foundry: DB HiTek First-Silicon: July 2026 Customer Target for production: 2027 GENESIS Architecture Genesis Die Image Why Weebit ReRAM for Genesis Low voltage, ultra-low power embedded NVM High-density non-volatile memory Bit-addressable architecture Higher efficiency and reliability
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© 2026 Weebit Nano Ltd. All rights reserved. Q1 FY27 AI Highlights: New Customers and Positive Analysis Results 14 Positive Results from a US AI Customer Analysis* * https://www.weebit-nano.com/researchers-explore-next-generation-ai-architectures-using-weebit-reram GPU: NVIDIA GeForce RTX 4090; FPGA: Xilinx ZCU104 (Zynq UltraScale+); IMC system-level performance projected from measured Weebit ReRAM IMC hardware results using application-level modeling. While Weebit still has significant research and development work to do before it has a fully commercial IMC solution, the findings provide an encouraging indication of its technology’s potential in next-generation AI computing 2 New AI Customers Key CY 2026 commercial target achieved Customers using Weebit ReRAM for exploring in-memory computing Note: Significant R&D still required to create a solution for mass production
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© 2025 Weebit Nano Ltd. All rights reserved. Opportunities Ahead 15
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© 2026 Weebit Nano Ltd. All rights reserved. 465 408 436 551 568 519 631 796 1,511 1,914 2018 2019 2020 2021 2022 2023 2024 2025 2026(f) 2027(f) Semiconductor Industry to Hit $1 Trillion Four Years Faster Than Expected With this unprecedented growth: Foundries prioritize revenue- generating customer projects New technologies require expensive fab resources (eng., wafers, etc.) Very limited resources available for new projects / technologies Our customers’ attention to new technologies is limited temporarily 16 Source: https://www.wsts.org/esraCMS/extension/media/f/WST/7618/WSTS_FC-Release-2026-May.pdf Global semiconductor market (billion US$) Actual & Forecast in billion US$
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© 2026 Weebit Nano Ltd. All rights reserved. From Licensing to Royalties 17 IDMs design in parallel with qualification and reach royalties sooner It typically takes 3-4 years from foundry licensing deal until their customer starts mass production, generating royalties for Weebit. Timelines are illustrative and vary by foundry, process node, application and customer requirements. * Post-qual enhancement does not withhold customer samples Year 1 Year 2 Year 3 Year 4 Foundry / IDM Integrates ReRAM into its process Tech transfer ~12 months Design & qualification ~12 months Post-qual enhancement* License signed $ license fee + process NRE Qualified, ReRAM in PDK Foundry customer Designs chips on the qualified process Chip design Testing & fixing 6–18 months $ Royalties Agreement $ License fee Tape-out Mass production IDM products Designs its own chips in parallel Chip design Testing & fixing 6–18 months $ Royalties Design starts Tape-out Mass production Earlier tape-out, shipments & royalties
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© 2026 Weebit Nano Ltd. All rights reserved. Strengthening Infrastructure for Rapid Growth 18 Strengthen Leadership Bolstered executive team to support transition to commercial-scale business Grow Sales Team Global expansion Centralise Project Management And streamlined infrastructure Reuse for Rapid Response Building library of template modules to quickly adapt to fab/ fabless needs Enhance Tools & Processes Automation; new procedures and methodologies Advance ReRAM Technology Continually improve our ReRAM to widen lead over competing ReRAM technologies Building the foundation to respond quickly as customer demand accelerates
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© 2026 Weebit Nano Ltd. All rights reserved. Broadening the ReRAM Leadership Gap GOALS: Extend technology leadership Accelerate customer adoption Drive long-term royalties R&D Priority Current Market Weebit Target Customer Benefit Higher performance >20ns access time <10ns access time Expand applications in MCU market Higher endurance 10K-100K cycles 1M cycles Supports demanding automotive and storage workloads Automotive capability 10 yrs @ 105° - 125°C Lifetime @ 150°C 10 yrs @ 175°C Expands automotive, power and industrial opportunities Automotive architecture 2T2R 1T1R (~2x smaller) Lower system cost and power consumption Continuous R&D to maintain a significant, growing gap over ReRAM competition Supported by proceeds from the recent capital raise 19
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© 2026 Weebit Nano Ltd. All rights reserved. Addressing Fast-Growing Semiconductor Markets 20 >US$320 Billion TAM in Customer Markets Sources: IMARC Group 2026; Yole Group, June 2026, Market Data Forecast July 2026; Mordor Intelligence 2026; Precedence Research July 2026 Mixed-Signal Power Management IoT / MCUs Edge AI Implantables, Hearables, Disposables Aerospace & Defense Automotive Power Management ICs $66.7B by 2034 6.29% CAGR Edge AI Chips $36B by 2034 17.75% CAGR IoT Microcontrollers $20.3B by 2034 12.77% CAGR Automotive Semiconductors $160B by 2031 13% CAGR Semiconductors in Healthcare $15.79B by 2031 11.26% CAGR A&D Semiconductors $21.07B by 2031 6.12% CAGR Semiconductor Markets
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© 2026 Weebit Nano Ltd. All rights reserved. Weebit ReRAM: A Foundation for Memory + Compute 21 Storage Analog Compute (IMC) Scalability Flash + + -- MRAM + -- + ReRAM + + + One technology. Multiple architectures. Broad opportunity. The future of AI computing requires memory that is manufacturable, scalable, low-cost, and IMC-ready. Weebit ReRAM is one of the few emerging NVM technologies approaching commercial production. TODAY: Embedded ReRAM Commercially available Qualified on multiple platforms Growing customer adoption Generating revenues EMERGING: Memory Centric Computing Convergence of memory and compute is transforming AI architectures A growing opportunity for ReRAM Why ReRAM?
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© 2026 Weebit Nano Ltd. All rights reserved. 2026: AI Shifts from Training to Inference 33% 50% 67% 0% 10% 20% 30% 40% 50% 60% 70% 80% 2023 2025 2026 Inference is becoming the majority of AI compute Inference share of total AI compute (Deloitte estimates) Source: Deloitte TMT Predictions 2026, November 2025 “Inference workloads… accounting for roughly two-thirds of all compute (up from a third in 2023 and half in 2025…” Inference spending surpasses training in 2026 Worldwide AI-optimized IaaS spending (Gartner forecast) Source: Gartner, August 10, 2026. “In 2026, global spending on inference ($23.3 billion) will surpass that of training ($19 billion). Fifty-five percent of AI-optimized IaaS spending is forecast to support inference in 2026 and is set to reach 59% in 2027. $19B $23.3B 0 5 10 15 20 25 Training Inference US $Billion 55% Of AI optimized IaaS spending in 2026 will be for inference From building models to running them, inference is now the majority of AI compute, and 2026 is the crossover year.
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© 2026 Weebit Nano Ltd. All rights reserved. In-Memory Computing: A New Way to Process Data 23Video: https://www.youtube.com/watch?v=ra5-Pj0bsio&t=3s
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© 2026 Weebit Nano Ltd. All rights reserved. ReRAM: Scalable NVM for Future In-Memory AI Computing 24 Data movement consumes most power Limits performance Moving to Near Memory Compute where memory and compute are on same chip Analog matrix multiplication in flash memory crossbars Enables major energy efficiency gains Limitations: Does not scale to advanced nodes High programming voltage Slow updates Highly scalable crossbar arrays Fast write speeds Low voltage operation Multi-level analog weights Potential to support inference in both data centers and edge devices CPUMemory Traditional Architectures: AI Compute Bottleneck Initial IMC Implementations Show Feasibility; Not Scalability ReRAM Enables IMC Better Aligned with AI Workloads IMC IMC
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© 2026 Weebit Nano Ltd. All rights reserved. Weebit Nano Key Targets for CY 2026 25 Revenue FY26 revenue goal >$10M Products First product company customer tape-out Customers First AI customer engagement Delivering on these milestones will continue to cement Weebit’s position as the leading independent provider of ReRAM technology ACHIEVED. FY26 REVENUE $15.3M ACHIEVED. 3 TAPE-OUTS COMPLETED ACHIEVED. FIRST AI ENGAGEMENTS.
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© 2026 Weebit Nano Ltd. All rights reserved. Disclaimer 26 This presentation contains certain statements that constitute forward-looking statements. Examples of such statements include, but are not limited to, statements regarding the design, scope, initiation, conduct and results of our research and development programs; our plans and objectives for future operations; and the potential benefits of our products and technologies. In some cases, forward-looking statements can be identified by the use of terminology such as “may,” “will,” “expects,” “plans,” “anticipates,” “estimates,” “potential” or “continue” or the negative thereof or other comparable terminology. These statements involve a number of risks and uncertainties that could cause actual results and the timing of events to differ materially from those anticipated by these forward-looking statements. These risks and uncertainties include a variety of factors, some of which are beyond our control. All forward-looking statements and reasons why actual results may differ are based on information available to us when initially made, and we assume no obligation to update these forward-looking statements or provide reasons why actual results might differ or the information set forth herein. In addition, we do not make any representations or warranties, express or implied, with regard to the information included in this presentation of any other related document or information disclosed or furnished in connection thereto, including, without limitation, with respect to the accuracy, reliability, completeness or its sufficiency for any particular purpose. This information is proprietary and confidential of Weebit and is provided on a confidential basis and may not be disclosed or used without our prior written consent. You acknowledge that the disclosure and use of the information may be further prohibited under applicable securities or other laws. This presentation is made for informational purposes only and does not constitute an offer to sell any interest in Weebit not does it form the basis of any contract or agreement between the parties. Third party data This presentation includes or is otherwise based on information obtained from publicly available information including industry analyst firms and other information publicly released by corporations and government departments. Weebit has not independently verified or audited this information. Accordingly, the accuracy and completeness of such information is not guaranteed. This data has been accurately reproduced and, as far as Weebit is aware, no facts have been omitted that would render the information provided inaccurate or misleading. Investors should note that market data is inherently predictive and subject to uncertainty and is not necessarily reflective of actual market, industry and macroeconomic conditions. Specifically, there is no assurance that any of the forecasts or projections will be achieved. Forecasts and projections involve risks and uncertainties and are subject to change based on various factors, including those discussed above.
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