Eyecarrot Innovations Corp - Investor Information Q1 2019
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Eyecarrot Innovations Corp. Investor Information Q1 2019
1
Safe Harbour
This confidential business presentation (the “Presentation”) has been prepared by Eyecarrot Innovations Corp. (“Eyecarrot”). Many factors could cause our actual results, performance or achievements to be materially different from any future
The Presentation is being provided by Eyecarrot for general background informational purposes only and for use by a limited results, performance, or achievements that may be expressed or implied by such forward-looking statements, including,
number of parties that may be interested in the business of Eyecarrot. The information set forth is considered confidential among others: uncertainties and assumptions in our revenue forecasts; defects or disruptions in our proposed products
and is not intended for distribution. This Presentation and the information contained herein shall not be copied, reproduced and services; risks that we may be unable to raise additional financing should our expected revenues not materialize; risks
in any way or distributed, directly or indirectly, to others at any time. Upon request the recipient will promptly return to related to loss or infringement of our intellectual property or Eyecarrot’s infringement of intellectual property belonging
Eyecarrot all material received from Eyecarrot (including this Presentation) without retaining any copies thereof. to third parties; our dependence on key personnel and the risk of conflicts of interest; competition in our industry; market
price volatility of the common shares; global economic and financial market conditions; failure to manage our growth
All references to currency in this document are to Canadian dollars unless otherwise indicated. successfully; Eyecarrot’s ability to pay dividends; and currency exchange rate fluctuations.
Statements in this Presentation are made as of the date hereof unless stated otherwise and the delivery of this Presentation Statements involving forward-looking information are based on current expectations and entail various risks and
shall not under any circumstances create an implication that the information contained herein is correct as of any time uncertainties. Actual results may vary from the forward –looking information and materially differ from expectations,
subsequent to its date. In furnishing this Presentation, Eyecarrot does not undertake or agree to any obligation to provide if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate.
the attendee with access to any additional information or to update this Presentation or to correct any inaccuracies in, or Eyecarrot assumes no obligation to update or revise any forward-looking information, whether as a result of new
omissions from, this Presentation that may become apparent either during, or at any time after this Presentation. information, future events or any other reason.
Certain statements contained in this Presentation may constitute forward-looking statements or forward-oriented The Presentation has not been independently verified and the information contained within is subject to updating,
financial information. These statements relate to future events or Eyecarrot’s future performance. All statements, other completion, revision, verification and further amendment. Neither Eyecarrot, nor its shareholders, directors, officers,
than statements of historical fact, may be forward-looking statements. Forward-looking statements are often, but agents, employees, or advisors give, has given or has authority to give, any representations or warranties (express or
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expressions. Forward-looking statements should not be unduly relied upon as actual results may vary significantly. advisers (all such information being referred to as (“Information”) and liability therefore is expressly disclaimed.
Forward-looking statements in this Presentation and the documents incorporated by reference herein include but are not
limited to statements relating to: Eyecarrot’s expectations with respect to the performance of its cameras; expectations Certain information contained in this Presentation with respect to other companies and their business and operation
regarding its revenue, expenses and operations; anticipated cash needs and its needs for additional financing; its ability to has been obtained or quoted from publicly available sources, such as continuous disclosure documents, independent
protect, maintain and enforce its intellectual property rights; Eyecarrot’s ability to defend itself against third-party claims publications, media articles, third party websites (collectively, the “Publications”). In certain cases, these sources make
of infringement or violation of, or other conflicts with, intellectual property rights by Eyecarrot; its plans for and timing no representations as to the reliability of the information they publish. Further, the analyses and opinions reflected in
of expansion of its product offering and value-added services; its future growth plans; the acceptance by its customers these Publications are subject to a series of assumptions about future events. There are a number of factors that can
and the marketplace of new satellite imaging content, technologies and solutions; its ability to attract new customers; cause the results to differ materially from those described in these publications. None of Eyecarrot or its representatives
its ability to attract and retain personnel; its competitive position and its expectations regarding competition; regulatory independently verified the accuracy or completeness of the information contained in the Publications or assume any
developments and the regulatory environments in which Eyecarrot operates; and anticipated trends and challenges in its responsibility for the completeness or accuracy of the information derived from these Publications.
business and the markets in which it operates. Such statements reflect our current views with respect to future events,
Neither the communication of this Presentation nor any part of its contents is to be taken as any form of commitment on
and in some cases information supplied by third parties, and are subject to risks and uncertainties. Such statements are
the part of Eyecarrot to proceed with any transaction. This Presentation does not constitute, or form part of, any offer or
necessarily based upon a number of estimates and assumptions (including that information received from third parties
invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company, nor
and publicly available information is reliable) that, while considered reasonable by Eyecarrot, are inherently subject to
shall it, or the fact of its communication, form the basis of, or be relied upon in connection with, or act as any inducement
significant business, economic, competitive, political and social uncertainties and contingencies.
to enter into, any contract or commitment whatsoever with respect to such securities.
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.
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 
What is Binovi?
Binocular + Vision
Binocular Vision
adjective noun
bin·oc·u·lar | \ bī-nä-kyə-lər vi·sion | \ vi-zhən
of, relating to, using, or adapted the act or power of seeing; the
to the use of both eyes sense by which the qualities of
an object are perceived
Contents 4 Who is Eyecarrot? 5 Our History 6 Our People 7 Identifying Issues 8 Who We Benefit 9 What People Are Saying About Us 10 Visual Skills 11 The Solution 12 Benefits – Software 13 Benefits – Hardware 14 Our Relationships 15 Business Model Revenues 16 Binovi Academy 17 Market Performance 18 Innovation
4
Who is Eyecarrot?
Eyecarrot Innovations Corp. (TSX-V: EYC | OTCQB: EYCCF) is a Toronto-based healthcare technology
company developing a mobile-first software-centered service platform for the vision development, vision
rehabilitation, and vision performance industries.
We are a dedicated team working together to create a comprehensive software-based solution. We are
working together under a common banner to help our clients get better measurable results in less time,
and with less effort.
Eyecarrot’s BinoviTM Platform is an innovative technology solution that integrates software, hardware, data,
and expert knowledge to help optometrists treat vision-related issues with in-office therapy and doctor-led
home-based activities, and help trainers and athletes improve and maintain performance in sport and in life.
We are transforming how vision healthcare and vision performance services are performed and integrated
while addressing key challenges across the board.
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 
5
Our History
1 in 4 people worldwide live with issues related to their vision that go beyond visual acuity. Despite this,
ophthalmic treatment primarily focuses on visual acuity issues and disease management, leaving many visual
performance issues undiagnosed or mistreated. Eyecarrot was founded to bring attention to these issues,
and to help those treating them by providing the tools necessary to bring treatment into the 21st century.
A broader vision is vital in how we view the world around us, and we are focused on the importance of
developing, protecting, and perfecting that vision.
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 
6
Our People
Management Team Board of Directors Advisors
Adam Cegielski BSc Adam Cegielski BSc Dr Robert Sanet OD, F.COVD
President + CEO, Founder President + CEO, Founder Special Advisor – Behavioural Optometry + Vision Training
Sam Mithani PhD Dr. Sam Mithani, PhD Dr. Leonard Press OD, F.COVD
Chief Technology Officer Chieft Technology Officer Director – Global Education
Adrian Makuch Dr. John G. Flanagan OD, PhD, FAAO Bryce Salvador New Jersey Devils Captain (ret)
Head of Corporate Development Director Special Advisor – Sports
Tania Archer Sean Charland Joe Lia Producer, Survivor
Head of Marketing + Sales Director Video Production
Adam Montpetit Todd Finch
Design Manager Strategic Advisor – Technology
Patrick Kukulski
Customer Service + Client Success Manager, Canada
Esther Jimenez
Client Success Manager, Americas
Fernando Gonzalez
Client Success Manager, Spain
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 
7
Identifying Issues
A standard eye exam tests for structural issues and disease, but not for functional problems. Basic testing can indicate 20/20 vision but might not show underlying issues.
Standard Eye Tests Functional Vision Issues
Visual Acuity Test Oculomotor Dysfunctions
This is the standard 20/20 “letters on a wall” test to see how clearly you see at a fixed distance. This refers to object tracking and eye movement issues that can cause things like double vision.
Retinoscopy Accommodative Dysfunctions
This test allows the optometrist to approximate your optimal lens prescription. This directly affects the ability to attain focus at certain distances or within an acceptable time.
Refraction test Binocular Vision Disorders
This test allows the prescription of lenses for nearsightedness, farsightedness, and/or This refers to eye coordination and alignment, where the eyes aren’t working in tandem.
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
This 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.
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 
8
Who We Benefit
Optometry Patients Athletes Education
Vision therapists and Sports vision trainers now Determining whether someone
optometrists using Binovi Pro have at their disposal an ideal needs vision therapy, or could
are able to stay on track as a set of tools to test, train, and benefit from vision training,
vision care team and ensure track performance. When can start early. Our goal is to
that each patient has their test thousandths of a second, or get Binovi devices and testing/
and treatment results properly fractions of an inch, are what diagnostic tools available to
catalogued and organized so separate the best from the schools and educators to get to
that decisions can be made rest, having accurate and the bottom of issues common
quickly and accurately. comprehensive data is key. with school-age children.
Therapists use Binovi Pro to track data, assign custom-tailored Finding the limit, and helping athletes push past that limit, is Steps to achieve that goal have already been taken with
home therapy plans and activities to patients, and monitor where Binovi is the ideal training companion. a partnership with Great Valley Academy in Modesto,
outcomes at micro and macro levels. Using Binovi Coach, California, USA, home to nearly 2,000 students from junior
patients can review their prescribed therapy, ensuring they are Binovi Pro and Binovi Touch work together for athletes and kindergarten to grade 8. As part of our work together, Binovi
completing activities correctly. They can also report back on their trainers to collect and organize real-time data and test will be features in the school with 16 Binovi Touch devices in
how their treatment is progressing, and stay in contact with results, providing insight into the progress made —and the goal of driving enhancements in vision skills relating to
their care team at all times. progress to make— by each athlete. academics and athletic performance.
In conjunction with Binovi Coach, Binovi practitioners have access With a real-world screening opportunity in-place, work can
to Binovi Kit, a collection of tools and materials needed for patients be undertaken in earnest to test and perfect our screening
to complete many of their home therapy activities correctly. technologies for the mass market.
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 
9
What People Are Saying About Us
“I have been so excited about the roll out of the Binovi platform. I believe this will make home
therapy far more effective and allow the doctor and staff more easily modify programs on the
fly. In addition, I believe this platform will be outstanding for those of us who work with sports
teams and rehabilitation centers to set up and carry our therapy plans in a consistent and
ultimately more successful manner. Now add in the Binovi saccadic fixator—and you can begin
to see the ultimate vision for this product.”
Charles Shidlofsky od, f.covd
Neuro-Vision Associates of North Texas, TX
“It is beyond exciting to be part of a team that is so passionate about getting people excited
about vision therapy. What Eyecarrot has done, not only for our practice but for Vision
Therapy on a global basis, is incredible! From staff training, to compliance, to communication,
to inspiration, to providing the ultimate vision therapy experience; Binovi has revolutionized
it all. Binovi has exceeded our expectations with their amazing support team of skilled
professionals that quickly bring solutions to life.”
Patti Andrich ma, otr/l, covt
Sensory Focus / The Vision Development Team, OH
“I am excited to be a part of the Eyecarrot Team. After a cochlear concussion had left me sidelined
for an entire hockey season, vision therapy along with sports vision training alleviated my visual
symptoms and played a crucial role in my return to playing hockey in the NHL. Not only did the
therapy help me recover from this injury, but it also enabled me to see the game in a way that I hadn’t
before. In joining Eyecarrot, I have the opportunity to use my first-hand experience to contribute to
the development of Eyecarrot’s high performance products for athletes and non-athletes alike."
Bryce Salvador
Former Captain, NHL New Jersey Devils
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 10
Visual Skills
Sight is one of our 5 senses; our ability to see. How well we Vision is the result of the neurological processes that stem from Whether it’s as a professional baseball player, tracking the ball
see things depends heavily on acuity, or how clearly images the input from our eyes to the visual cortex of the brain, and as it leaves the pitchers hand and swinging the bat at the right
of the world are projected onto the receptive portions of our accounts for an overwhelming majority of the sensory input time and place to hit a home run, or a child following a string of
eyes. This alone, however, is not vision. Being able to see our brains process. Vision encompasses things like hand-eye letters and words and being able to make sense of what they are
things clearly is only the beginning. coordination (physical movement based on visual stimulus), seeing, vision is a crucial part of how we interact with the world
oculomotor control (eyes working correctly together to track things around us, and it is something that can always be improved.
in the world), and visual-spatial awareness (the ability to tell
where things are in space relative to the observer). These things
may seem like specialized areas, but they’re key vision skills we
use every day, and rely on to perform well and stay safe.
Key Vision Skills
Eye Movement Control Depth Awareness
The ability to move both eyes together to point at a target or follow along a path. Depth Perception, being able to tell that things are farther away or close up.
Simultaneous Focus Colour Perception
Forming a clear image of something at a specific distance. Being able to tell colours apart.
Sustaining Focus Gross Visual-Motor
Keeping a clear image of something at a specific distance. Moving throuh space without bumping into them using visual information.
Simultaneous Alignment Fine Visual-Motor
Lining up both eyes at the same point at a specific distance Writing, sewing, texting, or doing other small, close-up activities with accuracy.
Sustaining Alignment Visual Perception
Keeping both eyes lined up at the same point at a specific distance. Being aware of the environment and what is going on in the visual field.
Central Vision (Visual Acuity) Visual Integration
Clarity in the visual image. Bringing together vision and other senses to accomplish tasks, like reading while walking a
balance beam.
Peripheral Vision
Being able to see to either side while the eyes are pointed forwards.
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 11
The Solution
Our solution to these issues is the Binovi Platform. Here’s how Binovi helps Optometrists, Trainers, Patients, and Athletes.
Screening + Testing Assessment + Training Care + Maintenance
IP Based Vision Performance Screening Licensed Therapy Video Library Patient Care Platform via Binovi Coach
Digitized Testing Infrastructure Modernized Vision Performance Hardware Doctor-prescribed personalized home therapy plan
Globally Standardized Symptom Questionnaire
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 12
Benefits – Software
Eyecarrot’s integrated approach benefits therapy teams and athletic trainers and their clients.
Provides
Real-Time Data + Insights for each user
Secures
User-centric data
Increases
Uniformity of user instructions within the practice
Improves
Therapy/Training efficiency + collaboration
Organizes
Therapy/Training plans + communication
Streamlines
Care and Training regimens and sessions
Standardizes
Capture of symptom data
Drives
Increase in user compliance + performance
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 13
Benefits – Hardware
A purposeful and powerful tool for vision therapy and vision training, Binovi Touch is the result of over 30 years of experience
in over 1,500 practices in over 20 countries around the world on children, athletes, and seniors resolving issues from
development, to performance, to rehabilitation.
Connected Control
Connected through Bluetooth to the Binovi Touch iPad app, a
single iPad can control any number of Binovi Touch devices!
Launch the Binovi Touch App from Binovi Pro to record data
directly to user profiles and track their progress.
Pedigree
Tried-and-tested vision therapy and vision performance
activities from the Wayne Saccadic Fixator have already been
ported to the new Binovi Touch.
Customizable
Completely customizable tests can drill down into specific
aspects of a user’s vision skills, or can be broadened to get a
bigger picture of how they are progressing.
Expandable
An ever-growing range of new accessories to be used with
the new Touch are currently under development, designed for
seamless integration with Binovi Touch and the Binovi Touch
App, including a number of 3rd-party devices such as heart-
rate monitors and the new Binovi Balance Board.
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 14
Our Partnerships + Relationships
We have partnered with leading experts in the optometry field as well as some of the largest optometric associations
around the world to bring the best of what they have to offer to Binovi. We are also working in conjunction with a number
of influential sports vision practices and some great professional sports teams! Binovi gives athletes a competitive edge in a
world where fractions of a second mean the difference.
Australasian College of Behavioural Optometrists Tennis Canada GPG Consulting
ACBO National Team High Performance Training
British Association of Behaviourla Optometrists Sporting KC Performance Lab Toronto
BABO Major League Soccer High Performance Training
Behavioral Optometry Academy Foundation Swope Park Rangers xHockey Performance
BOAF USL Affiliate – Sporting KC High Performance Training
College of Optometrists in Vision Development Chicago Cubs Great Valley Academy
COVD Major League Baseball Modesto California, USA
Canadian Optometrists in Vision Therapy & Rehabilitation Los Angeles Dodgers
COVT&R Major League Baseball
Neuro-Optometric Rehabilitation Association Valdemar Eriksen Racing
NORA Formula 4
Optometric Extension Program Foundation Institut National du Sport du Québec
OEPF National Sports Institute
Sociedad Internacional de Optometría del
Desarrollo y del Comportamiento
SIODEC
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 15
Business Model Revenues
Software Subscription $300 / month Hardware One-Time $3000 / device
250 $1,085,000 $900,000
Practices / Organizations
500 $2,170,000 $1,500,000
1000 $4,340,700 $3,000,000
1500 $6,511,100 $4,500,000
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 16
Binovi Academy
Binovi Academy forms the educational hub of the Binovi Platform. Working with a pool of knowledgeable experts and industry
leaders and influencers, we have created a collection of interactive, multi-media e-books that bring rich content and an engaging
experience to readers. This expert knowledge is supplemented and integrated with software and hardware tie-ins. Binovi
Academy content packs include testing and therapy protocols and pre-set activities for Binovi Pro, as well as custom test
configurations for Binovi Touch, and more. Binovi Academy helps tie together the four pillars of the Binovi Platform and aims to
bring as much new information, tools, and techniques to users as possible.
Foundational Home Vision Therapy Library
Dr. Robert Sanet’s library of at-home and in-office vision therapy activities (120+) complete with
photo slideshow and step-by-step hd video instruction.
Dr. Len Press Academy Theory
Adapted from his book Applied Concepts in Vision Therapy for therapist training, Dr. Press’
added content explains the how and why of many of Dr. Sanet’s activities.
Advanced Primitive Reflex Library
Patti Andrich’s collection of occupational therapy activities are now available, and include
accompanying photos, hd video instruction, and step-by-step instructions.
Advanced Sports Training Library
Training and therapy protocols from the International Sports Vision Association to standardize
and improve the treatment and training given by their members. (Expected 2019)
Functional Syntonic Optometry Library
Dr. Stefan Collier’s book on functional syntonic optometry in an engaging and multi-media format
to help spur the use of neuro-photonics in treatment and training (currently in development).
More on the horizon
With more partnerships from both the vision therapy and sports vision worlds, our goal is to
expand the Binovi Academy library to include a wide variety of useful and informative content
packs to help trainers and therapists better help their clients.
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 17
Market Performance + Capital Structure
Share Price + Share Trading Volume (2018-03 — 2019-03) Share Structure
5000000
Shares Outstanding 120,426,474
Warrants 50,034,512
$0.40
Options 11,550,000
4000000
Total Fully Diluted 182,010,986
$0.35
$0.30
3000000
$0.25
2000000
$0.20
$0.15
1000000
$0.10
$0.00 0
2018-03-25 2019-09-19 2019-03-16
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 18
Innovation
Binovi continues to grow. Development is underway to bring the Speed of Stereopsis test to the Binovi Touch App, bringing a
new diagnostic and assessment tool to both vision therapists and sports vision performance trainers. This exercise is an excellent
and quick way of determining if a person has a potential issue with convergence, depth perception, or eye teaming. Also under
development is a new version of the balance board accessory originally made for the Wayne Saccadic Fixator. The new wireless
balance board will incorporate a full gyroscopic sensor and be available as a standalone item and as an accessory for most Binovi
Touch activities. Together, these tools expand the possibilities surrounding the Binovi Platform.
Speed of Stereopsis
Building on the intellectual property developed by Chief Scientific Advisor Dr. Selwyn Super,
Binovi will soon incorporate the Speed of Stereopsis diagnostic tool, a test designed to
Q2
determine a person’s ability to distinguish the position of an object in 3D space. Coming
soon to the Binovi Touch App.
Binovi Balance Board
The Wayne Saccadic Fixator —from which we built Binovi Touch— was often paired with a
balance board, used as a controller input device. While the core idea remains the same, the
Q3
actual functionality has been greatly improved and connection is now wireless. Add-on packs
incorporating new bases that increase difficulty or add new control parameters are in the
works, set to be released sometime in 2019.
www.eyecarrot.com info@eyecarrot.com 1.844.600.5932 © 2019 Eyecarrot Innovations Corp
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