LEAPIN Digital Keys Pitch Deck - Making Locks Smart

By LEAPIN

A presentation by Steve Dunn CEO and Co-FounderLevel 2, 194 Varsity Parade, Gold Coast, Australia

[email protected]

Problem – existing access control

Less expensive – Up to 1/10th of the Price

More secure – OTP Banking encryption/NFC

More convenient – smartphone enabled

Make any lock smart

Value Proposition

Hardware

Cloud Algorithms

Prototype

Prototypes

Unique Proposition

Cloud Algorithms/OTP Essentially billions of pre-programmed codes exist

for any future date and time combination

Web-based softwareDownload access codes to software by Property Managers/ owners

Mobile OperatorEnd Users can interact with Software

Interfaces to legacy software

Digital Keys AppEnd Users download time-sensitiveAccess codes into smartphone app

NFC on smartphoneAccess codes sent to lock via NFC

HardwareThe hardware has a memory, real-time clock, and same algorithms in cloud. When code is presented at the lock, it looks up the time and checks if the corresponding code is correct, and then if it is it unlocks.

Unique Proposition

IP + = $ to

Lock Manufacturers

Start-ups With

Smarthome kitsGovernments

Business Model - Licencing

Telcos and Utility companies with smart home kits

Companies wanting smartlocks in bulk

1.• Approach potential partners through existing

connections and tradeshows

2.• Negotiate licencing agreement

3.

• Deliver smartlock development kit (SDK, API, Hardware tech specs, etc)

• Collect monthly royalties

Go to Market Plan

Company Smartlock status (Apr 2015)

Smart home kit status

Technology/ hardware design/partners

30,000 units sales a month Yes, many including Verizon

Wi-Fi/BluetoothTraditional Knobset

650,000 to be installed by end of 2016

NA. To be announced

30,000 to be installed in 2015, 300,000 to follow

NA Assa Abloy/Wi-fi/Bluetooth/Apple

Raised $38 million in Mar 15 Yes Apple, deadbolt attachment/wi-fiOTP?

None Yes, no smartlocks Nothing

Available in smart home kit Yes, 1 smartlock Assa Abloy

Competitive Analysis

Steve DunnChief Executive

Former Asset Manager

Local Govt.

MBA. BA (Town

Planning)

Sam FaulknerChief Technology

Officer

IT professional

Ba Comp Sc.

Greg SiegelePrincipal / Lead

Investor

Frmr CEO/Co-founder of Ratbag Games

Tech start up – 100 employees to $7

million sale to Midway Games

CEO CTO P

Management Team

John HossliIndustry

Frmr CEO/President of Hafele America (13

years)

$1Bill Building product supply company incl.

lock manufacturer

Al PappasTravel / Software

Frmr CIO Adobe, Frmr

CIO Hotwire (acquired

by Expedia)

Experienced IT leader

Dr. Jana MatthewsManagement / LEAPIN

Investor

Thought leader, Author, Snr Fellow Kauffman Foundation

PhD (Harvard) Management and Planning

Advisory Board

0500,000

1,000,0001,500,0002,000,0002,500,0003,000,0003,500,0004,000,0004,500,0005,000,000

2015 2016 2017

Revenues

Expenses

Net Income

Cash

Current signed

licencingdeals

1-2 more signed

licencingdeals

2 large licencing deals e.gwith International Telcosand/or one large order

from top ten hotel chain

Financial Projections

Present

Government Grants and Licencing sign on fee

$50,000

May 2015

Capital Investment $500,000

Business Development Manager (Salary)

($120,000)

Head of IT Development (Salary) ($90,000)

Legal Documentation/advice for licencing deals

($30,000)

Software Security review and testing

($40,000)

Existing Patent portfolio fees ($30,000)

New patent applications fees ($10,000)

Independent contractors software/app development

($60,000)

R&D work on new products ($40,000)

Travel ($30,000)

Office expenses ($20,000)

Admin/Miscellaneous ($20,000)

TOTALS $500,000.00

Use of Funds

a Prove technology works in real lifeenvironment/ build prototypes

a Demonstrate NFC functionalities andsmartphone opening.

a Design PCB and embedded software,complete source code, API’s and SDK’sand documentation

a Sign licencing deals with LockManufacturers

May 2015 Testing and third party validation

May 2015 Deliver Smartlock development kit to 2lock manufacturers (under signedlicencing deals)

July

2015

Launch products with partners,

August2015 -ongoing

Collect royalty cheques, and sign morelicencing deals.

Timeline

Current Status/Use of Funds

Thank You

@digitalkeys facebook.com/digitalkeys digitalkeys.co