Call for VC Funding: Luz Wavelabs

EXECUTIVE SUMMARY

luzwavelabs THz & Photonics

ULTRA HIGH BANDWDITH (40 Gbps per channel) mm-wave 5G RADIO ACCESS

5G will respond to the need of facing the broadband and large network coverage requirements of the future fully-con-nected society, where wireless traffic will represent 67% of total internet traffic, with billions of devices exchanging data (61TB per second) for all kinds of applications and services, most of them requiring high bandwidth and low latency.

Carrier frequencies in the low range (below 5 GHz) will be key for consumer devices. Nevertheless, these are far from provi-ding the bandwidth, latency and other requirements that radio access and last mile wireless connectivity will require. In these cases, 5G channels will need work at higher frequen-cies (mm-wave, below 80-100 GHz) where these require-ments can be met.

RADIO ACCESS IN 5GProblem and opportunity

However, although mm-wave range provide more capabili-ties, current radiofrequency (RF) techniques are almost at their maximum capabilities at these frequency ranges, which are not enough to simultaneously match all the re-quirements of 5G: bandwidth, complexity, cost, scalability for phased arrays, scalabity to higher frequencies.

The huge variety of needs of the applications and use cases of 5G in both consumer (Virtual Reality, Smart Cities, Indus-try 4.0, IoT…) and network sides (Network as Service, Mul-ti-RAT operation, Location Based Services, Software Defined Networks…) also require a physical layer (hardware infras-tructure) very powerful, flexible and simple to let higher layers (software based) drive the reconfiguration and opera-tion of the network. This greatly reduces installation and mantainance costs and increment the features and added value provided by the network. Again, current RF techniques cannot provide such physical layer, as they introduce hard-ware complexity, high cost, lack of flexibility and reconfigura-bility.

A disruptive technology, and not just an evolution of current RF te-chniques, is needed to accommo-date 5G and beyond.

Years ago, in wired communications, established technolo-gies were not able to absorb the demand of bandwidth. Pho-tonics (optical communications) were the disruption that enabled the new generations of wired communications. Right now, something similar is happening in wireless com-munications. A disruptive technology, and not just an evolu-tion of current RF techniques, is needed to accommodate 5G and beyond.

pure/VALUE PROPOSITION

Luz Wavelabs has a proprietary technology of signal generation (pure/) that overcomes the limitations of current RF techni-ques used by all wireless network manufacturers. Pure/ can provide actual optical fiber bandwidth in wireless communi-cations. The scenario where pure/ will provide a disruption is acting as radio access hadware development platform (short term) transceiver module in radio access infrastructures (mid term) and as integrated transceiver chip in consumer electro-nics (long term):

UP TO 40GBPS BANDWIDTH (SINGLE CHANNEL) versus 1-2Gbps of current technologies. Future multichannel ope-ration in pure/ can reach hundreds of Gbps or even Tbps range.

ANY CARRIER FREQUENCY IN THE WHOLE MM-WAVE RANGE CAN BE SELECTED AND SIMULTANEOUS GENERATION OF DIFFERENT CHANNELS IS POSSIBLE IN A SINGLE SYSTEM. None of this can be provided by current techniques.

SEAMLESS INTEGRATION WITH OPTICAL NETWORKS. Inside pure/, there is a combination of RF, electronics and photo-nics. Especifically, the modulation formats and several tech-niques are inherited from optical networks. This bring a key advance in terms of scale economies, installation and man-taninance costs and shared technologies across the whole network (both wired and wireless).

SIMPLE BUT POWERFUL AND FLEXIBLE PHYSICAL LAYER. The huge bandwidth provided by pure/ is in its simple form (am-plitude modulation). This reduces the complexity of the recei-vers and avoid the use of intensive signal processing for the demodulation, what is the main source of lag in the network. Moreover, this simplicity in the physical layer moves the complexity to higher layers based on software, where insta-llation, reconfiguration and mantainance costs are a fraction of those in the physical layer.

REMOTE AND MULTIPOINT DISTRIBUTION TO THE ELEMENTS OF THE INFRASTRUCTURE: only 1 signal generator (instead of N) can deliver the signal to all elements, using optical fiber ins-tead of coaxial cable (much less cost, more lightweight, sma-ller loss rate, EMI immunity, flexibility). This change brings a key advance in terms of costs saving and global footprint, as arrays will keep becoming more and more complex with higher carrier frequencies.

RETURN OF INVESTMENT AND SCALABILITY. Current RF techni-ques will hardly meet 5g radio access requirements and they won´t be enough beyond 5G. pure/ can be directly scaled to higher carrier frequencies (even up to 1000 GHz), higher bandwidths (100 Gbps per channel and Tbps range in multi-channel operation). Thus, ROI is ensured for any equipment manufacturer using pure/ technology, not only for 5G but beyond.

GO TO MARKET Short, Mid and Long term

Phase I: pure/ in benchtop systems for R&D and test (2017->)

This allows to introduce the technology in major equipment manufacturers through a flexible and high performance plat-form for validating the technology and design the modules for 5G. Flexibility of pure/ is key as 5G is not yet completely defined (standards and applications). In this stage, the busi-ness model is direct selling of equipment and manteinance/-calibration yearly contracts.

Phase II: pure/ in handheld modules for integra-tion in infrastructure (2018->)

Transceiver module (integrating all photonics in a chip, so-mething that the company is working on from 2015) for 5G mobile infrastructure and last mile fixed networks. In this stage, the business model can be direct selling (production of series under 1000 per year) and/or licensing to major manufacturers with high manufacturing capabilities.

Phase III: pure/ in a hybrid chip for consumer electronics (2023->)

Integration in a single chip of both photonics and electro-nics using hybrid technology. Low cost chips for consumer electronics. Business model will be licensing to major ma-nufacturers with high manufacturing capabilities.

FINANCIAL SUMMARY INTERACTIVE FINANCIAL SUMMARYCLICK HERE

pure/ is a complex technology that combines RF, photonics and high performance mixed electronics. The proof of princi-ple has been the research topic of some of the main photo-nics research centers during years(University College London, UK; NTT, Japan; University Carlos III de Madrid, Spain…). The PhD dissertation of Rubén Criado (UC3M, TRL1-TRL3, 2009-2013) was focused in this research topic and was the seed of the company Luz Wavelabs. The first objective of Luz Wavelabs (incorporated in 2013) was to take that technology that needs a whole photonics lab, a high number of bulky equipment and experienced staff manually driving all parameters; to a commercial, cost effec-tive, compact, totally automatic and programmable bench-top system.

The three first years of Luz Wavelabs (2013-2016) have been focused in developing all the technologies needed to bring /pure technology to the market. To our knowledge, no research group or private company has made all these developments needed to bring such a principle of operation to a commercial product. Moreover, /pure technology is a proprietary technology (PCT protected).The developments made for /pure are organized in several fields:

• Photonics. The seed of the system is an optical comb (Noble Prize in Physiscs 2005). We have optimized it in cost and size and actually we have achieved world record in energy efficiency in these components.• RF. We have developed and manufacture our own RF components using our clean room facilities and capabilities.• Electronics. We have developed our own high perfor-mance electronics. We have achieved 100x better perfor-mance, 5x less price and 10x less size than the best competi-tor in the market. We have already made a first production batch of these electronics of 100 units.• Automation, algorithms, HW-SW integration. Key part to achieve the commercial product and inter-operate all the optoelectronics systems. Key part of pure/, under PCT patent solicitation right now.

All these developments are part of pure/, currently as an ad-vanced prototype. The production prototype (demo units for clients) will be ready in Q3 2017 and it will be launched to the market in Q4 2017.

Moreover, side products incorporating some of these de-velopments are already being commercialized for other markets, allowing shorter-term income, bootstrapping and potential horizontal growth (Oil&Gas, Aerospace/De-fense, R&D) without loosing focus in the main market and te-chnology.

pure/: A disruptive technology for 5G radio access

OUR TECHNOLOGICAL ADVANTAGE

Our team (full time employees, advisory board and partners) combines strong technical, R&D and production backgrounds with high expertise in client oriented product development and business related aspects. Our team has published more than 50 scientific papers in prestigious international journals and conferences. Our project has received more than 10 awards, highligthing “Innovators under 35 2015” (MIT), “Fondo de Emprendedores 2016” (Repsol), “Innovator of the Year 2016” (Quo Magazine-SEAT) and “Emprendedor XXI 2016 Madrid” (La Caixa).

Our scientific board (Pablo Acedo, Cristina de Dios) is focused on tech-nological and research surveillance and R&D networking (clients and partners/projects).

MANAGEMENT TEAM

Á. Rubén CriadoCEO

BSc, 2 MSc, PhD, BSc (Business), PMPMIT Innovator under 35. TEDx speaker

Jesús PalacíCTO

BSc, MSc, PhD, BSc (Marketing)International recognition as THz expert in R&D field

Pablo AcedoScientific advisor

BSc, MSc, PhDDirector Electronics Technology Department UC3M

Professor UC3M

Cristina de DiosScientific advisor

BSc, MSc, PhDAssociate professor UC3M

Scientific boardAWARDSInnovator under 35 Spain 2015 – MIT Technology ReviewInnovator of the Year Spain 2016 - QUO Magazine, SEATEntrepreneur Fund Award 2016 - RepsolEntrepreneur XXI Madrid 2016 - Caixa Most disruptive minds Spain 2016 - QUO MagazineSemifinalist Global Solution Program Singularity University 2016 – Singularity UniversityBest project award Keiretsu Forum (03/16) – Keiretsu ForumNational Prize to the Best PhD dissertation on Security & Defense 2014 - COIT6th Ideas Contest Winner 2013 - Universidad Carlos III de MadridPhD dissertation Award 2013 - Universidad Carlos III de MadridSalón MiEmpresa 2014 (finalist Pitch Contest) - Salón MiEmpresaSpain South Summit 2014 (finalist High Tech) - South SummitGold Star Excellence 2016 - Instituto Excelencia Empresarial

MEDIAInterview El Mundo (First national newspaper)Interview and news in Expansión, El Confidencial , Público (National newspapers)Several interviews in entrepreneurship radio programs and online media

OTHER AWARDS FROM THE TEAMExcellence Award Alumnus Universidad Carlos III de Madrid 2013 - Universidad Carlos III de MadridVI "Ciutat d'Algemesi" scientific award - Algemesi governmentValencia IDEA 2010 scientific award - Valencian governmentTransatlantic Partnership for Excellence in Engineering 2013 -European CommissionCelera Team (People accelerator program)

HONORS & AWARDSGuillermo Herrero

Electronics & Production ManagerBSc, MSc

Celera Team. 9 years experience in electronics industry and production

Sara FloresAdministrative officer

BSc

Corporate executive summaryv. 201701

luzwavelabs, SL

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