Nano-x Imaging Ltd · NASDAQ:NNOX
Nano-x Imaging — Investor Presentation (September 2020)
41 slides from Nano-x Imaging's investor presentation, Sep 22, 2020
Slide 1: Dawn of early detection healthcare Investor Presentation September 2020
Dawn of early detection healthcare Investor PresentationSeptember 2020 1
Slide 2: Disclaimers
Disclaimers Nothing contained in this presentation is, or should be construed as, a recommendation, promise or representation by the presenter or the Company or any director, employee, agent, or adviser of the Company. This presentation does not purport to be all inclusive or to contain all of the i
Slide 3: Nanox in a glance
Nanox in a glance Unmet need Game changing tech Disruptive business model 2/3 of the world population has no access to medical imaging. Weeks and months of wait times for radiology diagnostics results. A new breed of medical imaging infrastructure that can be deployed in mass due to significantly lo
Slide 4: Preventive screening
Preventive screening OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 4 Early detection is key to preventive healthcare. Treatable conditions, such as cancer, cardiovascular failures and others are often diagnosed too
Slide 5: Early detection remains theoretical
Early detection remains theoretical 2/3 of the world’s population have no access to medical imagingThe majority of the remaining 1/3 suffer from weeks and months of wait time for access to medical scanners and diagnostic results. OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX A
Slide 6: Why? Medical imaging systems are too expensive and complex
Why? Medical imaging systems are too expensive and complex for mass deployment. OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 6
Slide 7: The key inhibitor
The key inhibitor Wilhelm Conrad Röntgen X-Ray source technology has not changed since its discovery over 120 years ago OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 7
Slide 8: The hot cathode: modern day X-Ray tube
Electrons X-Ray The hot cathode Modern day X-Ray tubeAnalog X-Ray source Heats up a metal filament to 2,000° Celsius to produce the electron streams necessary for X-Ray emission 37 OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD
Slide 9: Main contributor to high-cost of imaging systems
Main contributor to high-cost of imaging systems The legacy analog X-Ray source Requires extremely high-voltage, complex mechanics and special cooling to produce the electrons needed for X-Ray emission, resulting in an average $150,000 cost for the source alone OVERVIEW EARLY DETECTION THE BARRIER B
Slide 10: The Nanox paradigm
The Nanox paradigm A fundamental technological change in the X-Ray source Which we expect will enable significantly higher availability of imaging services Driving higher rates of medical prevention through early-detection. Will result in lower cost and smaller imaging systems OVERVIEW EARLY DETECTI
Slide 11: Introducing the novel Nanox X-Ray source
Introducing the novel Nanox X-Ray source Novel silicon-based, low voltage, nano-scale cold cathode X-Ray Reimagined Generating the electrons streams needed for X-Ray via cold field-emission technology OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEP
Slide 12: Nanox MEMs X-Ray source
Nanox MEMs X-Ray source Technology originally developed by Sony and its partners to achieve a higher quality image for screens and monitors Sony invested substantial resources in the development of this technology for over a decadeAfter acquiring the technology, our Japanese-Israeli team invested ov
Slide 13: Tech transformation
Tech transformation To From One metal filament heated to 2,000° Celsius requiring special cooling and rotation mechanics 100 Million nano-cones field on a silicon chip emitting digitally controlled electron streams under low voltage OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANO
Slide 14: The Nanox tube
The Nanox tube Commercially available Digital X-Ray source The Nanox SiliconMEMs cold cathode OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 14
Slide 15: The Nanox tube: substantially more cost effective
The Nanox tube Substantially more cost effective LEGACY TUBE NANOX $150,000 average cost ~$100 estimated cost in mass-production Significantly smaller OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 15
Slide 16: Enabling a system-level quantum leap
Enabling a system-level quantum leap From To AnalogLarge and complexCosts millions of dollars Digital Small footprintCosts tens of thousands of dollars OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 16
Slide 17: Footprint practicalities
Footprint practicalities OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 17
Slide 18: Clinical quality imaging
Clinical quality imaging Nanox I kVp: 50 I mAs: 0.4 I Philips I kVp: 55 I mAs: 4.0 kVp - Kilovolt Peak. kVp is the component that controls the X-Ray penetration strength and subsequently QUALITY of the X-Ray beam produced. It is also what controls the CONTRAST or GRAY SCALE in the produced X-Ray fil
Slide 19: Clinical quality imaging
Clinical quality imaging SHOULDER NANOX X-Ray TUBE40Kv, 2.5mA 3D Image Reconstruction OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 19
Slide 20: A new breed of medical imaging systems: Nanox.ARC
A new breed of medical imaging systems at a fraction of the cost potentially revolutionizing global availability 37 The Nanox.ARC 3D computerized tomosynthesis OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 20
Slide 21: Regulatory clearance
Daniel Schultz, MD, F.A.C.S.Former Director of the Center for Devices and Radiological Health (CDRH) at FDA Regulatory clearance ADVISORS FDAWe expect to take a multi-step approach to the regulatory clearance process:Submitted a 510(K) application in January 2020 relating to a single digital X-ray s
Slide 22: Our plan
Our plan Disrupt the imaging market with a global service infrastructure for medical imaging Increase significantly medical imaging availabilityDeploy 15,000 units globally by YE2024subject to Company financing & regulatory clearanceInvest CAPEX and own the systems Operate a Pay-per-Scan, MSaaS busi
Slide 23: Timeline and key milestones
Timeline and key milestones 2012 - 2019 2020 2021-2024 8 years Development of the Nanox X-Ray SourceDevelopment of the Nanox.ARC Strategic collaboration with FUJI Strategic collaboration with SK Telecom JanuarySecures $20M investment from strategic investors, including FoxconnSubmits 510(k) applicat
Slide 24: Addressable market
Addressable market We sell medical imaging availability We expect to provide systems to market segments existing X-Ray vendors don’t target We target Urgent Care units (over 9,600 in the US alone), outpatient clinics, rural areas, countries with limited medical imaging availability (India, China, Af
Slide 25: Flexible business model to drive adoption
Flexible business model to drive adoption Scans per day - LEGEND 7 - Minimum scans per day per system 20 - Nanox operational objective60 - Estimated current global average MSaaS At 20 scans per day, and $14 per scan revenue to NANOX and 23 days per month, the MSaaS model potentially generates over $
Slide 26: Contracted deployments
Contracted deployments Units of contracted pre-sale deals, with experienced service providers, are expected to be delivered from H1 2021Deliveries are conditioned upon acceptance test approval and local regulatory clearance in each regionActive pipeline of additional countries aiming to join initial
Slide 27: Select Customer Profiles: The Gateway Group
Select Customer Profiles OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 27 The Gateway GroupOne of Australia’s largest independent product distributors including health, wellness, medical supplies and devicesProvide
Slide 28: Select Customer Profiles: SPI Medical
Select Customer Profiles OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 28 SPI Medical, S.A. de C.V. (Mexico) SPI Medical, S. A. de C.V. is a distributor of specialty pharma products and medical devices, operating w
Slide 29: Select Customer Profiles: Promedica Bioelectronics
Select Customer Profiles OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 29 Promedica Bioelectronics s.r.l. (Italy)Promedica Bioelectronics s.r.l. has over 25 years of experience representing diagnostic imaging vendo
Slide 30: Select Customer Profiles: APR Tecnologia Salud
Select Customer Profiles OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 30 APR Tecnologia Salud (Spain and Portugal)A distributor of diagnostic imaging equipment across Spain and PortugalOffers a full-service integr
Slide 31: USA Strategic collaboration with USARAD
USA Strategic collaboration with USARAD Over 250+ U.S. certified radiologists organization Providing online, remote radiology services across the U.S.25% owned by Siemens Healthineers Working with one strategic partner for nationwide deployments instead of operating a large direct sales force Aiming
Slide 32: Strategic Alliance with SK Telecom
Strategic Alliance with SK Telecom Collaboration with SK Telecom announced June 2020SK Telecom has made two investments in Nanox: $5 million (June 2019) $20 million (June 2020)SK Telecom CEO Park Jung-ho joined the Nanox Board of Directors in August 2020Collaboration aims to deploy 2,500 Nanox Syste
Slide 33: The Nanox infrastructure management platform
The Nanox infrastructure management platform Nanox.CLOUD Nanox.ARC Radiology and AI services Increasing availability of medical imaging systems solves only half of the problem Purpose built proprietary radiology software platform streamlines operations and analytics Radiology diagnostics remain a si
Slide 34: The Nanox.CLOUD
The Nanox.CLOUD NANOX would transmit all imaging data to the cloud SaaS platform The platform employs a matching engine to match scans to radiologists Medical AI systems would provide first response and decision assistive information Radiology specialists would provide diagnostics online Hospitals a
Slide 35: Global partnerships
Global partnerships 5G, MEMs manufacturing and APAC distribution Strategic Partners Deployments Mammography OEM Manufacturing AI Diagnostics Cancer detection Chest & Head Mammography United States Australia, Spain, New Zealand,Norway, Korea Vietnam Italy Golden Vine Taiwan, Singapore Russia, Belarus
Slide 36: The team
The team A strong execution team with decades of relevant experience and proven track record of large-scale global projects, medical business expertise and bringing innovation to market OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX C
Slide 37: Advisory board
Advisory board Professional and involved advisory board of physicians, radiologists, business veterans and global opinion leaders. The Nanox advisory board is an integral part of our think-tank for product roadmap and strategy. OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARC
Slide 38: Financial Snapshot
Financial Snapshot OVERVIEW EARLY DETECTION THE BARRIER BREAKING THROUGH THE TECH NANOX ARCOUR PLAN BUSINESS MODEL DEPLOYMENTSNANOX CLOUD TEAM SUMMARY 38 Pro-forma cash* Approx. $244 mm Debt $0 Expected use of cash Amount ($mm) Manufacture of 15,000 Nanox.ARC units and investment in manufacturing ca
Slide 39: Key investment highlights
Key investment highlights Revolutionary model to transform and grow the already large medical imaging marketUnique patented technology innovationWe expect our technology and imaging as a service model will allow us to sell systems into markets and sites that do not have imaging systems and where our
Slide 40: Thank you
NANO %* Thank you
Slide 41: Presenters
Presenters Lydia Edwards President Nanox USA Ran Poliakine Founder & CEO Itzhak Maayan CFO IU Kim President SK TelecomHK Office
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