Summary. About Pilot Waverly Labs is... Core Team Pilot Translation Kit FAQ Pilot Speech Translation App FAQ Testimonials Contact Useful Links. p.

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1 Press kit

2 Summary About Pilot Waverly Labs is... Core Team Pilot Translation Kit FAQ Pilot Speech Translation App FAQ Testimonials Contact Useful Links p. 3 p.4 p. 5 p. 6 p. 8 p. 10 p. 12 p. 14 p. 16 p. 17 p. 18 2

3 About Waverly Labs Waverly Labs is an innovative consumer products company created in Waverly Labs is developing a smart earpiece at the convergence of wearable technology and speech translation called Pilot. 3

4 Pilot Waverly Labs is developing the world s first smart earpiece language translator. Pilot uses the latest technologies in speech recognition, machine translation and wearable technology to allow users to converse without language barriers. Being lost in translation has happened to everyone, even us, and that s exactly how the idea was born. Pilot includes a second earpiece for audio and a mobile app, which toggles between languages. It s a dream of a life untethered, free from language barriers. 4

5 Waverly Labs - core values 5 Human Universal Innovation We create products for We work on technologies that We develop breakthrough and around the user transform lives and impact on a solutions that revolutionize the global scale status-quo

6 Core Team ANDREW OCHOA MARION GUERRIERO JAINAM SHAH WILLIAM GOETHALS CEO, DIRECTOR OF PRODUCT DIRECTOR OF MARKETING AND COMMUNICATIONS DIRECTOR OF HARDWARE OPERATIONS HEAD OF MANUFACTURING Oversees business operations and Oversees company and product Plans and directs all aspects of Leads the manufacturing and supply product development marketing strategy, global media, hardware engineering, including chain for the pilot earpiece, as well as press and marketing communications research, hardware development and firmware and electrical engineering. logistics. 6

7 Core Team SERGIO DEL RIO DIAZ HEAD OF DESIGN ENGINEERING NICHOLAS RUIZ SPEECH TRANSLATION ADVISOR GEORGIY KONOVALOV SOFTWARE ENGINEER Manages the pilot earpiece and charger product design and DFMA strategy. Strategizes on the speech translation development and long-term planning for the pilot translation software. Manages the development of the mobile applications and the integration of the speech translation engine. 7

8 Pilot Translation Kit LATE SUMMER 2017 The Pilot Translation Kit is designed to allow two people speaking different languages to communicate with each other freely. How The Pilot smart earpiece uses specially designed noise-canceling microphones to filter out ambient noise from the speech of someone talking. The speech is then passed through the Pilot app, where layers of speech translation technologies occur. Waverly Labs' translation engine is a hybrid system which relies on the latest statistical-based speech translation technologies from multiple sources. The translation process includes speech recognition, machine translation and machine learning, then speech synthesis. At the end of the funnel, the translated language is sent to the other user wearing the second earpiece. It all occurs simultaneously without interruption, as each person speaks to one another. 8

9 Pilot Translation Features Available in 5 languages: English, French, Italian, Portuguese, Spanish Available in 3 colors (red, black, white) Dual-noise cancelling microphones Bluetooth technology Full day battery life Stable, modern and ergonomic design 9

10 F.A.Q When will Pilot be available? Early backers on IndieGoGo will receive Pilot in May Current pre-orders, sold on our website will ship late summer What languages are supported? We are first introducing latin/romance languages (French, Italian, Portuguese, Spanish, along with English) and will begin adding additional languages this fall, including Germanic, Hindi, Hebrew, Arabic, Slavic and East Asian. 2. What s included? Pilot includes a second earpiece (such as for wireless music streaming), a battery charger (for additional charges on the go) and an accompanying app that toggles between languages. 5. Will it translate everything around me? No. This first generation does not translate everything happening around you. It only translates with people who also have the Pilot earpiece. Future generations will be developed to translate everything around you. 3. How much does it cost? Pilot is currently available for pre-order at $249* USD, and will include the following selected languages: French, Italian, Portuguese, Spanish, along with English. Additional languages will be available for purchase by language groups. 6. What if the other person doesn t have an earpiece? If someone does not have an earpiece, they can use the smartphone app which is included. Also, the app can be used on speakerphone for conferences. 10

11 F.A.Q How fast is it? Currently the translation only takes a couple of seconds of delay, but we are working very hard to get this lag shorter and we will release updates to the app with every improvement. 10. Will it translate for my dialect? Every language has various dialects and the earpiece is designed to translate common dialects, although thick accents could disrupt this and cause improper translations. 8. Is the translation perfect? No, machine translation is not perfect and it will make mistakes sometimes, but the more people use it the better the translation engine becomes. 9. Can it be used offline? 11. How can one be a beta tester? We plan to invite a select group to become beta testers, based on certain factors, including language spoken, location, and use cases. We ll be sending a notice later this spring to allow for beta testing submissions. We are developing an online version so that you can use it while traveling overseas without a data connection, but it will not be released in the first version of pilot. 11

12 Pilot Speech Translation App In October 2016, Waverly Labs will launch the first version of the Pilot Translation App on ios and Android. The app will allow users to write, read and speak (speech translation) from/into English, French, Italian, Portuguese and Spanish. In a constant effort to provide users with the best quality translations, speech translation will be limited to European/Latin languages. However, in order to fulfill the various needs of Waverly Labs international community, the app will allow text translation for dozens of other languages and a support of various dialects and pronunciations. We believe launching a simple Speech Translation app before the Pilot launch will enable our users to become more familiar with speech translation technology and the Waverly Labs products. Andrew Ochoa, CEO. The Pilot Conversational app is still scheduled for release next May

13 Pilot Speech Translation App: Features Speech translation for European/Latin languages: English, French, Italian, Portuguese, Spanish Text Translation for : German, Russian, Mandarin Chinese, Japanese, Arabic, Korean, Hindi Voice synthesis in male and female voices Phrasebook access for history and favourites Supports various dialects and pronunciations No ads Internet Access needed Free 13

14 F.A.Q How does the Pilot speech translation app work? The Pilot speech translation app allows users to translate between languages in two ways: The app supports the following other languages for text translation: German, Russian, Mandarin Chinese, Japanese, Arabic, Korean, Hindi speaking or texting, depending on the languages. Users will select the source language and the target language. If the source language does not support speech recognition, a keyboard will appear to type the [words][phrase]. If your source language supports speech, simply press the microphone and begin speaking. The translation will appear soon after. 2. What is speech translation? Speech translation is the action of translating one language into another language by speech, rather than text. 4. Why is my language not supported? Currently, the Pilot translation app is designed for Romance-based languages. Additional language groups from the current text pool will be added soon, including Russian, East Asian, Middle Eastern and African languages. If you have a suggestion on which languages you would like to see added, please send us an to support@waverlylabs.com 5. When will additional languages be supported? 3. What languages are supported? Currently, the Pilot speech translation app supports speech translation for the following 5 languages: French, Italian, Portuguese, Spanish and English (other languages will be developed in the coming months). We rely on users feedback to outline our future languages. If you have a suggestion on which languages you would like to see added, please send us an to support@waverlylabs.com 14

15 F.A.Q How accurate are the translations? The technology behind Speech Translation, which include machine translation and machine learning is subjective to several elements such as the speaker, the language chosen or even the context. In general, the more people use the technology, the better it gets. 7. Does the Pilot translation app require an internet connection? The current version of the Pilot translation app requires Internet or data connection. Future versions of the app will allow for offline use. 8. What is the purpose of the Phrasebook page? The Phrasebook page allows users to store frequently used translations. This feature is convenient for offline translation needs as the user can store translation history and refer to it. 15

16 16 I can t wait for this to be As one of the very first backers, I m I just moved to France and I m released next year so I can finally extremely excited to be part of the learning French. I ll likely be have a real conversation with my world that will help it come to reality. comfortably fluent by the time I brother and sister in laws who Here s to you Waverly Labs for making get my pair. Still great to have only speak Spanish. the world a smaller place! while learning. BRUCE IOWEYAN DAVID

17 Contact To be added to our press, please contact us Marion Guerriero DIRECTOR OF MARKETING AND COMMUNICATIONS WAVERLY NEW LAB 63 FLUSHING AVENUE, BUILDING 128, CUMBERLAND GATE, BROOKLYN, NY

18 Useful links Website Youtube Indiegogo