Captivision Business Combination Overview
MANUFACTURING & OPERATIONS
HIGH BARRIERS TO ENTRY
TECHNOLOGY LEADERSHIP
Proprietary Mass Production
Machines and Equipment
Fully proprietary self-developed
production line - Not available from 3rd
parties (world's largest proprietary super-
precision etching, SMT machine)
Complete In-House Solution
One-stop shop including G-Glass, frame,
driver, controller, software, media
contents, installation and repair, and
accessory parts
Proprietary Raw Materials
30+ proprietary raw materials developed
including unique resin and LEDs from
global suppliers
24 Individual Patents
Out of 24 patents, 5 patents are
fundamental patents essential for G-Glass
production
PRODUCTION AT SCALE
Mass Production Facility
Manufacturing capacity of 1.4M ft² per year
between 2 facilities¹
$185M+
Invested in R&D, production and distribution
Extreme level of customization
Being able to accept extreme ranges of
customization while maintaining high
quality and mass production is very difficult
but within GLAAM's capabilities
MARKET LEADER
Proven Differentiated Product
First and only provider of 4th generation
architectural media glass
Globally Certified
Full set of essential certifications on electric
safety and construction materials obtained
(CCC, UL, CE, KC, etc.)
460+ References
Projects completed globally
Global Distribution Network
Established global distribution and
maintenance networks
GLAAM is 10-15 years ahead of competition
Note: Entry barriers based on 5-6 years to develop manufacturing machines & equipment, 3 years to obtain certification, 5-6 years to build reference, amounting to 10-15 years of time entry barrier
Source: Company data
1. One of the manufacturing facilities is operated through an existing JV in Tianjin, China, which suspended+ its operations as a result of COVID-19 restrictions imposed by the Chinese government on
manufacturers, with an annual capacity of 700,000 ft² per year
GLAAM
PRIVATE AND CONFIDENTIAL // 23
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