leapin digital keys presentation march 2014

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By LEAPIN

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By LEAPIN

Problem - Existing Access Systems

1.Insecure2.Inconvenient

3.Expensive

The Problem

Magnetic-stripe access control is failing

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

More secure – OTP Banking encryption

More convenient – No Physical Key

The Solution

Our Apps - Travel

Commercial Security

Sharing

Hardware

Smartlock space $3.6 bil

Traction; 100,000 shipped in 3 monthsCapital raise - $4 milPatent Priority date – 3 weeks after LEAPINMonths behind promised delivery date 4Business model Licencingpartnership with leading LM. RRP $219 plus $3 per digital keys

Traction 14,000 pre-orders CC 4 weeksCapital raise - $2.4 milPatent Priority date – 2 months after LEAPINMonths behind promised delivery date 15 monthsBusiness model RRP $179 Y-Combinator graduate start-up

crowdfunded

Traction 26,000 pre-orders in 4 weeksCapital raise - $10 milPatent Priority date – no published patentsMonths behind promised delivery date 10 monthsBusiness model RRP $199 Leading tech founders in Silicon Valley pooling funds and crowdfunding

Smartlock space

Traction - 400 pre-ordersCapital raise - $313KPatent Priority date – no published patentsMonths behind promised delivery date 6Business model RRP $235 crowdfunded start-up

Traction 3 hotel trials with brand hotelsCapital raise - $?Patent Priority date – 7 months after LEAPIN patentBusiness model Quote on install of software and apps in hotels for control of lights, TV etc

Traction Around 15 hotel trials with brand hotelsCapital raise - $?Patent Priority date – 2 years before LEAPIN (different tech)Business model Established reputation with brand installs and trials (e.g in NovetelSydney) and now selling into residential market for $249

1. White Label Small Hotel Sales

Go to Market Strategy

4.8 Million Hotels/motels in US Market

Up to $100 month recurring revenue per customer

Small Hotel/Motel savings $100K p.a. as no need to Staff reception desk

Go to Market Strategy2. Bulk Sales

Charge any hardware with LEAPIN techManufacturer cost $20-$90 – Retail $400-$8000 per door124,000 Schools and Universities in US – 73 million students170,000 New Commercial Buildings every year in US

3. Licensing Deals

IP+ to

Go to Market Strategy

Our competitor Unikey shipped 100,000 units in 3 months with Lock manufacturer partnerWe go with same model ie. Around $20 per lock royalty + $1-3 per new digital key generated.

TRACTION

Traction

500 rooms a monthSigned agreement with a leading European lock

manufacturer paying LEAPIN to charge existing locksJan 2014

500 – 50,000 roomsSigned paid agreement with a Japanese Electronics company and a Japanese Chain Hotel for trials

Jan 2014

Traction

•Meetings held with the CIO of one of US’s largest Universities•Meetings held with CEO of one of the US’s largest construction companies•Graduated from US accelerator with offers for funding•Met with CEO’s of 4 Lock Manufacturers interested in licencing

Traction

50,000 rooms 1 deal

•Signed partnering agreements with Australian PMS company•First customers in Victoria Bed and Breakfast•Ongoing monthly revenue

Traction

First paying customers

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

Our Team- Co-Founders

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

Our Team - Advisors

Exit - Strategic Sale

Companies interested in connected home Internet of Things space

Improve your lifestyle

Improve security

Improve the travel experience

Improve Sharing

Thank You

@digitalkeys facebook.com/digitalkeys digitalkeys.co