The Future of Vision Therapy Care - Eyecarrot
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Safe Harbour This confidential business presentation (the “Presentation”) has been prepared by Eyecarrot Innovations Corp. (“Eyecarrot”). others: uncertainties and assumptions in our revenue forecasts; defects or disruptions in our proposed products and services; The Presentation is being provided by Eyecarrot for general background informational purposes only and for use by a limited risks that we may be unable to raise additional financing should our expected revenues not materialize; risks related to loss or number of parties that may be interested in the business of Eyecarrot. The information set forth is considered confidential and infringement of our intellectual property or Eyecarrot’s infringement of intellectual property belonging to third parties; our is not intended for distribution. 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This Presentation does not constitute, or form part of, any offer or invitation and anticipated trends and challenges in its business and the markets in which it operates. Such statements reflect our current to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company, nor shall it, or the views with respect to future events, and in some cases information supplied by third parties, and are subject to risks and fact of its communication, form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any uncertainties. Such statements are necessarily based upon a number of estimates and assumptions (including that information contract or commitment whatsoever with respect to such securities. received from third parties and publicly available information is reliable) that, while considered reasonable by Eyecarrot, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Presentation. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements, including, among TSX.V : EYC | OTCQB: EYCCF 2
Did You Know? Our Simple Vision Testing Data is changing the lives of millions 16 year old Hockey Player Loses 12 months of his Life • 9 months of brain therapy did nothing • 10 minute eye exam changed everything! Misdiagnosed with ADHD and medicated for years, Vision TherapyChanged his life • #AtticusAct is now lobbying to save Maryland billions in healthcare costs • 3-4 million kids on ADHD medication when treatment is available!! On the Autistic Spectrum…but genius level performance • Faster hands than a gold medal boxer? • How did our technology change his life? TSX.V: EYC | OTCQB: EYCCF 3
Did You Know? Super professional athletes stand by our technology One of the greatest NFL Wide Receivers trained on our technology to fix his vision related learning disability! • Super hand eye coordination was trained • Now a major advocate for vision screening Captain of the NJ Devils, did not make his comeback to NHL until he completed intensive Vision Therapy • Developed better vision skills than before at age 35! • Signed the largest contract of his life and led team to Stanley Cup finals MLB All Star Raul Ibanez leveraged our technology for his best years in Baseball • Elevated his game with new found vision skills • Now a major advocate for vision skills training with Binovi TSX.V: EYC | OTCQB: EYCCF 4
Facts Addressing a problem that affects millions of people globally Treatable Undiagnosed Binocular Vision Problems are prevalent in 1 in 4 people SOURCE: College of Optometrists in Vision Development 5 of the 9 symptoms of ADHD are the same as treatable Binocular Vision Problems SOURCE: American Optometric Association Pharmaceutical industry expects to reap $9.4B by 2020 on ADHD drugs SOURCE: CNBC Why is this not picked up in routine Eye Exams? TSX.V: EYC | OTCQB: EYCCF 5
What is Being Tested? A standard eye exam tests for structure issues, and disease, not functional problems VISUAL ACUITY TEST - This is the standard 20/20 letters on a wall test. How clearly you see at a fixed distance. RETINOSCOPY - A retinoscopy allows the optometrist to approximate your optimal lens prescription. REFRACTION TEST - A test to allow the prescription of lenses for nearsightedness, farsightedness, or astigmatism. KERATOMETRY TEST - This test measures the shape and curve of the outside of the eye, known as the cornea and allows for Optometrists to detect astigmatism. INTRAOCULAR PRESSURE MEASUREMENT - An intraocular pressure test measures the force or pressure created by the fluid in your eyes. An abnormal level of eye pressure can be a warning sign of glaucoma. However, what if we are talking about ADHD? How does the patient see the world? TSX.V: EYC | OTCQB: EYCCF 6
Functional Vision Problems The structure of the eye can be perfect, but the function is the problem Functional Vision Problems can be classified into 3 main groups Oculomotor Dysfunctions - “Tracking and Eye Movements” Accommodative Dysfunctions - “Focusing” Binocular Vision Disorders - “Eye Coordination and Alignment” TSX.V: EYC | OTCQB: EYCCF 7
Symptoms Resemble ADHD Is this ADD/ADHD or is it a treatable vision issue? TRY IT YOURSELF NOW Imagine trying to read something like this: TRYING TO READ WHEN YOU HAVE A TRYING TO READ WHEN YOU HAVE A TRACKING PROBLEM MAY CAUSE YOU TRACKING PROBLEM MAY CAUSE YOU TO RE-READ WORDS, LINES, AND See if you can make a 3rd TO RE-READ WORDS, LINES, AND REDUCES YOUR Finger appear in between REDUCES YOUR COMPREHENSION, CAUSING A CHILD TO Your 2 fingers COMPREHENSION, CAUSING A CHILD TO NOT WANT TO READ AND, EVENTUALLY, NOT WANT TO READ AND, EVENTUALLY, BEHAVIOUR PROBLEMS BEHAVIOUR PROBLEMS TSX.V: EYC | OTCQB: EYCCF 8
Visual Skills EYE MOVEMENT CONTROL The ability to move both eyes together to point at an independent target or follow along a path, like a line of text SIMULTANEOUS FOCUS (FAR) Forming a clear image of something in the distance SUSTAINING FOCUS (FAR) Keeping a clear image of something in the distance SIMULTANEOUS FOCUS (NEAR) Forming a clear image of something close to the eyes SUSTAINING FOCUS (NEAR) Keeping a clear image of something close to the eyes SIMULTANEOUS ALIGNMENT (FAR) Lining up both eyes at the same point in the distance The Main Skill Tested During an Eye Exam SUSTAINING ALIGNMENT (FAR) Holding both eyes lined up at the same point in the distance SIMULTANEOUS ALIGNMENT (NEAR) Lining up both eyes at the same point up close SUSTAINING ALIGNMENT (NEAR) Holding both eyes lined up at the same point up close CENTRAL VISION (VISUAL ACUITY) Clarity in the visual image, “20/20” vision PERIPHERAL VISION Being able to see to either side while he eyes are pointed forwards DEPTH AWARENESS Depth perception, being able to tell that things are farther away or close up COLOUR PERCEPTION Being able to tell different colours apart (for non colour-blind individuals) GROSS VISUAL-MOTOR Moving through space without bumping into things using visual information FINE VISUAL-MOTOR Writing, sewing, texting, or doing other small, close-up activities with accuracy VISUAL PERCEPTION Being aware of the environment and what is going on in the visual field VISUAL INTEGRATION Bringing together vision and other senses to accomplish tasks, like reading while walking a balance beam TSX.V: EYC | OTCQB: EYCCF 9
The Solution: “The Binovi Platform” Here’s how Binovi helps Optometrists, Therapists, and Patients SCREENING + TESTING ASSESSMENT + TRAINING CARE + MAINTENANCE IP Based Vision Performance Screening Licensed Therapy Video Library Patient Care Platform via Binovi Coach Digitized Testing Infrastructure Vision Performance Hardware since 1974 Doctor-prescribed personalized home therapy plan Globally Standardized Symptom Questionnaire (new release 2018) (Q4 2018) 10
ADHD Protocol: Identify The Vision Deficiency Binovi screening and testing makes it easy to identify the problem BINOVI IN-APP TESTING INCORPORATES THE FOLLOWING: • Dynamic Depth Perception Testing using 3D projection • Vergence Facility, Visual Memory, Figure Ground Testing • Mobile First Software leveraging iOS/Android • Complete screening takes a total of 2-3 mins SYMPTOM QUESTIONNAIRE Binovi in-App Symptom Survey • Deployable forms for patient symptom tracking • Partnership with leading global organizations to leverage standardized symptom questionnaires • ADHD symptoms often resemble vision issues; the questionnaire helps identify these symptoms 11
ADHD Protocol: Assess & Train the Specific Skills Binovi ODs train the skills with hardware and expert video instructions BINOVI HARDWARE TRAINING Binovi Touch Saccadic Fixator: standard since 1974! • Hardware is wall mounted light board trainer • Replicates what happens in a school environment and trains the skills necessary to acquire information from the blackboard • ADHD patients require accommodative skills; our hardware and software trains these • 2018 new release has a full spectrum of features including Training, Assessing, Reporting and full Customization BINOVI SOFTWARE TRAINING Binovi Pro includes full spectrum of videos for skill development • Binovi Pro hosts world class vision therapy library with content from top educators • Allow for OD to prescribe week by week home therapy instructions • Features include secure video, messaging, compliance tracking, progress evaluation 12
ADHD Protocol: Trains the skills at home Patient care and maintenance PATIENT CENTRIC DESIGN Binovi Coach - Patient Care Platform • OD Prescribed Activities progress the patient through treatment plans • Allows for complete customization controlled by the care team • Offers a tiered training structure • Daily time tracking, secure messaging, reminders • Guardian Infrastructure is in place to enable collaborative care and patient centric sharing 13
Launching Binovi Academy Expanding from 1 library to 5 advanced educational libraries which will expand our leadership team Foundational Home Vision Therapy Library (>120 videos) Dr. Robert Sanet (Now Complete and in the App store) Dr. Len Press Academic Theory from his book “Applied Concepts in Vision Therapy” for Therapist Training Advanced Primitive Reflex Library (Occupational Therapy) - filmed and released in early 2018 Advanced Sports Vision Training Library (ISVA*) Functional Syntonic Optometry Library (Neuro-photonics) 14
Business Model & Revenue Scenarios SOFTWARE SUBSCRIPTION - $99/MONTH HARDWARE ONE-TIME Binovi Coach: $100/patient/year Saccadic: $3,000 per device 100 @ 3 PATIENTS / MONTH = $478,800/YR $300 K Number of Clinics 250 @ 3 PATIENTS / MONTH = $1.2 MM/YR $750 K 500 @ 3 PATIENTS / MONTH = $2.4 MM/YR $1.50 MM 1500 @ 3 PATIENTS / MONTH = $7.18 MM/YR $4.50 MM 15 1 Acquired Wayne Engineering, creator of Saccadic Fixator, and Industry Standard since 1974 * All figures are in USD Dollars 15
Eyecarrot Team Management Team and Board of Directors Special Advisors Adam Cegielski, BSc Dr. Robert Sanet, O.D., F.C.O.V.D. CEO & DIRECTOR SPECIAL ADVISOR - BEHAVIOURAL OPTOMETRY & VISION TRAINING Sam Mithani, PhD Dr. Leonard Press, O.D., F.C.O.V.D. CTO & DIRECTOR DIRECTOR OF GLOBAL EDUCATION Dr. Selwyn Super, D.Optom., B.Ed., M.Ed., PhD Dr. Patrick Quaid, MCOptom, F.C.O.V.D., PhD CHIEF SCIENTIFIC OFFICER SPECIAL ADVISOR - BINOCULAR VISION Dr. John G. Flanagan, OD, PhD, DSc(hon), FCOptom, FAAO Bryce Salvador, Former Captain NHL New Jersey Devils DIRECTOR SPORTS ADVISOR David Schmidt, BSc Joe Lia, Producer of Survivor series DIRECTOR VIDEO PRODUCTION Sean Charland Todd Finch, Technology Leader DIRECTOR STRATEGIC ADVISOR TSX.V: EYC | OTCQB: EYCCF 16
Capital Structure - Q2 2018 Share Price Share Structure $0.70 1,500,000 Shares Outstanding 94,265,363 $0.60 1,200,000 $0.50 Warrants @ $0.20 (Exp Nov 2019) 16,135,000 900,000 $0.40 Warrants @ $0.30 (Exp Feb 2020) 2,711,667 $0.30 600,000 $0.20 Options @ $0.25 6,510,000 300,000 $0.10 Total Fully Diluted 114,785,298 $0.00 17
Software Benefits TSX.V: EYC | OTCQB: EYCCF 18
Hardware Benefits COMPLETE CONTROL LIVE DATA FEED FULL CONNECTIVITY REPORTING TSX.V: EYC | OTCQB: EYCCF 19
© 2017 Eyecarrot Innovations Corp. February 2018
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