Hearglass Summarized

HEARGLASS changes life for the hearing impaired:

Problem: world is growing deafer while hearing aids (“HA”s) underperform

• 36MM Americans suffer from disabling hearing loss
• 33% over 65 and 67% over 75 suffer from hearing loss

Today’s HAs: sound distorted, ambient noise poorly filtered, tuning requires audiologist and batteries an expensive nuisance

HEARGLASS: disruptive wearable device that incorporates full audio spectrum HiFi HAs into eyeglasses, allowing for a directional hearing experience superior to traditional HAs. Bluetooth/WiFi capabilities allow for hands-free music streaming, telephony, voice-activated commands and on-the-fly setting changes

Key complaints with today’s HAs

• Distortion from truncated audio spectrum
• Hard to hear amid ambient noise
• Limited/no user tunability
• Expensive and nonrechargeable batteries
• Missed audio lost forever
• High ~$4K avg cost + batteries and loss

HEARGLASS Solution

• Preserves full HiFi audio spectrum
• Directional mic
• Easy user tuning, also remote-tunable
• Rechargeable battery packs
• Patented “What?” button replay
• Direct, retail, and subscription service/sales models

Target Markets:

• Begin with dissatisfied HA owners, early adopters, and music lovers
• NIH estimates 28.8MM US adults could benefit from using HAs
• Worldwide HA sales in 2015 exceeded $20Bn, with 500MM people hearing impaired

Sales/Marketing Strategy:

• PR, digital marketing channels and influencer endorsement
• Multichannel distribution/service opportunities
• OEM technology licensing for 3rd party product incorporation
• Partnering opportunities with eyeglass/HA and healthcare industries, AR/VR OEMs

Primary Competitors Ripe for Disruption: 6 high-end HA makers with relatively stagnant technology and costly distribution.

• Speaker, mics and batteries sacrifice performance when miniaturized in today’s “smaller-is-better” HA trend
• Glasses have ample space for powerful hardware and batteries,; better sensors, Bluetooth/WiFi, telephony, other capabilities
• HEARGLASS offers superior audio range/quality, telephony, Bluetooth/WiFi connectivity, and new market opportunities

Key Team:

• Peter Sprague: Chairman – National Semiconductor, Aston Martin, Advent Corporation and Wave Systems
• Janet Baker: Founder Dragon Systems, developed speech recognition dictation technology, in Apple Siri, etc
• Nolan Bushnell: Atari, Inc. and Chuck-E-Cheese founder, author of “Finding the Next Steve Jobs”
• Wayne Boyle: Turtle Beach Dir. of Engineering; 28 years inventing solutions for complex audio problems
• Jason Chang: Private equity investor Bateleur Capital, investment banking Credit Suisse, Morgan Stanley