EasyPrep™ electrodes - proprietary disposable EEG electrodes, which are designed specifically for NeuroWave's brain monitoring technologies. The EasyPrep electrodes ensure acquisition of high-fidelity EEG signals, along with facilitating rapid and easy use even by nonspecialists.

NeuroWave Systems has solved the technical issues that competition has not adequately addressed. Our unique solution fulfills KOLs' expectations:
1) Immediate feedback for the clinician and instantaneous tracking of the patient's brain state and corresponding specific depth of anesthesia or sedation to avoid both under- and over-dosing.
2) Simultaneous and reliable monitoring of both brain sides results in safer brain monitoring due to redundancy and the ability to detect neurologic events.
3) Our technology, unlike competitors, is transparent and biologically explicable.
4) The NeuroSENSE has excellent profit potential with the proprietary EasyPrep disposable being very cost effective, which promotes use of the monitor even in lower risk patients.

Total market opportunity for Anesthesia & Sedation Monitoring is estimated to $3 billion worldwide. Competition is limited to one company having the bulk of the current market share and having significant performance limitations.

Significant limitations of the BIS technology:
1) Significant delay results in uncertainty & delayed action by the clinician
2) Poor agreement between the two brain sides during bilateral monitoring
3) Unreliable for ICU sedation monitoring
4) Non-transparent, 'black-box' technology, biologically non-explicable
5) Expensive disposables

The capital raised will be used to finance the efforts for increasing market share, expanding into new territories, and building sales & marketing infrastructure to support aggressive growth.