EADIE TECHNOLOGIES Transforming Visual Field Testing OPPORTUNITY Eadie






















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EADIE TECHNOLOGIES Transforming Visual Field Testing
OPPORTUNITY Eadie. Tech is replacing the existing desktop diagnostic hardware with a custom system including a head-mounted device, software, novel algorithms, and a cloud-based infrastructure – higher margins, more comfortable tests, more accurate diagnostics, greater accessibility Prototype completed and market need validated Raising $500 K to finalize software and hardware MVP by September 2020
NEED • More than 12 million people in the US have glaucoma • Most patients are not able to obtain frequent enough testing • 50% of glaucoma is undiagnosed due to poor access to testing • Personal and economic impact of blindness and low-vision can be prevented, at a much lower cost, if detected early
CURRENT ‘BEST’ PRACTICE • Patients sit at a machine and clicks a button • Limited throughput – one patient and one eye at a time • Results are often unreliable
EADIETECH HAS DEVELOPED A SYSTEM WITH MULTIPLE, CUSTOM HEAD MOUNTED DEVICES For superior visual field testing than the current gold standard!
Advantage #1 • Improved accuracy and reliability Advantage #2 • Improved accessibility • Improved throughput • Reduced overhead costs
Advantage #3 • Improved patient comfort Advantage #4 • Leverage cloud AI deployment to continually improve diagnostic and predictive capacity
INTELLECTUAL PROPERTY Comprehensive provisional patent submission imminent
IMPACT Clinicians – increase testing capacity 2 -4 fold = increased revenue Patients – more reliable results and better testing experience Health Systems – improved access for glaucoma testing
CURRENT MARKET Total Units (Zeiss, Haag-Streit) 80000 Annual turnover 10% or 8, 000 units Avg cost of new machine $35, 000 Annual opportunity $245 M
Diagnosed; Well-Monitored MARKET EXPANSION Diagnosed; Poorly Monitored Undiagnosed Diagnosed; Well-Monitored Diagnosed; Poorly Monitored Undiagnosed
How? • Improved testing efficiencies • Expanding scope of practice of optometry • Novel opportunities for testing sites • Use of cloud-based software system • Integration of improved AI algorithms
EXPANDED MARKET OPPORTUNITY 4 X = ~ $1 B ANNUALLY
COMPETITION 1. 2. Zeiss Meditech (80%) current focus not on ophthalmology VF Haag-Streit (20%) no evidence of HMD ambitions - Both have pursued cloud/AI data analysis, but are utilizing limited data from older machines 3. 4. IMO device (Japan) n. Goggles (Duke)
NOT OUR COMPETITION Companies focused on utilizing VR/AR for consumer vision applications • • • Vividly Vision Virtual Field Betasight Toronto Portable Perimeter Google Cardboard Visual Field Testing These are all inferior to the gold standard and will continue to be due to hardware limitations.
BIG PICTURE STRATEGY • Deliver LOWER capital cost solution with improved capacity • Enable ACCESS by additional purchasers (optometry) • EXPAND existing testing capacity with ophthalmologists • Develop CLINICAL gold standard with leading KOLs with continued improvements leveraging a cloud-based infrastructure and AI
DEVELOPMENT: PAST, PRESENT, & FUTURE TECHNICAL FINANCIAL • Proof of Concept • Prototype HMD • MVP HMD Design • MVP HMD – Sept 2020 • Cube Design & Build • UI Software (80%) • Testing Algorithms (80%) • Founder Investment (initial) • Ophthalmologists (pre-seed) • Awards • Government • $1. 2 M raised to date • Funds required to complete MVP • MVP Sept 2020
The TEAM Dr. Brennan Eadie Frank Eadie Ben Matthews Jake Mc. Geough Chris Meisner Nisarg Patel Jayme Vianna Ophthalmologist, Glaucoma Corporate Lawyer Strategy & Business Development Project Manager Software Developer Research Engineer Glaucoma Researcher
SCIENTIFIC ADVISORS Dr. Balwantray Chauhan – Glaucoma Researcher Dr. Marcelo Nicolela – Glaucoma Specialist, Ophthalmology Head Dr. Paul Rafuse – Glaucoma Specialist Dr. Lesya Shuba – Glaucoma Specialist
TECHNOLOGY PARTNERS Electrical & Mechanical Engineering Optical Design & Engineering Software Design LED/LCD Microdisplays
THE ASK We are seeking $500 K CDN in equity to get us to MVP Will be planning for subsequent larger Series A round as well
Thank you for your time and attention! www. eadietech. com brennan@eadietech. com 902 -292 -0873