Ann: Iristick & HTG agree to further develop smart safety glasses, page-3

VIDEO ENCRYPTION AND STREAMING PROTOCOL INTEGRATION

This initial agreement will continue development of the integration of the Company’s Infinity Wearwolf™
(Wearwolf™) application into Iristick smart glasses, embedding them with the Infinity Nodestream
(Nodestream) video encryption and streaming protocols.
Wearwolf™ is a software application version of the Infinity Nodestream encoding platform designed to run on
wearable and smartphone mobile devices. Wearwolf™ enables live secure point-to-point video and
communications at ultra-low bandwidths and over poor quality or congested networks. Video and audio can
be transferred as low as 32 kbps.
By integrating Wearwolf™ with the Iristick smart glasses, users can communicate directly to a Nodestream
decoding device which utilises the next generation encryption Gimli block cypher with a 384-bit permutation -
achieving unmatched levels of high security and high performance.

SUCCESSFUL PROTOTYPE TESTING

Prototype testing was completed during December 2020 where the Wearwolf™ application was successfully
combined with the Iristick software development kit (SDK) on a smartphone and proved to work with the
cameras, microphone and screen on the Iristick smart glasses. Trial communications were successfully
made and maintained between Perth, Australia and Brussels, Belgium at 128kbps.

EXPECTED PRODUCT LAUNCH

Planned to launch during the first quarter of 2021, the final commercial product will communicate point-topoint with Nodestream mini decoding devices and the soon-to-be released Nodestream downloadable
decoder software application, which will run on laptops and desktop computers.

WEARABLES MARKET1

Wearable units are projected to reach 31.1 million units by the year 2027, growing at a CAGR of 104.6%
between the period 2020-2027. Simple assisted reality glasses are projected to grow at a 101.9% CAGR to
reach 12.3 million units by the end of 2027. After an early analysis of business implications of the Covid-19
pandemic and its induced economic crisis, growth in the MR Holographic displays segment is readjusted to a
revised 113.5% CAGR for the next 7-year period. This segment currently accounts for a 32.9% share of the
global Smart Augmented Reality (AR) Glasses market.
“We are very excited to be involved in a relationship with Iristick and look forward to our joint opportunities in
the future. The synergies between our two companies are synonymous with a motivation to deliver highquality remote communications and assistance from anywhere in the world”, said Paul Guilfoyle, Company
Group Managing Director. “We have successfully proven our Wearwolf™ application on multiple wearable
platforms and we are confident it can be quickly adapted for use across other wearable devices. Given the
expected growth in the wearables market, we are forecasting more than a 1000 new Wearwolf™ licenses in
2021.”
1
Source: Global Smart Augmented Reality (AR) Glasses Industry - Global Industry Analysts July 2020