OBAI

• Mission and Market Position

  • Bond’s mission is to democratize personal security and become the world’s largest personal security and peace of mind provider for all people
  • The company already counts many of the world’s largest global companies across multiple sectors (technology, retail, media, telecom, apparel) as early adopter customers, covering all employees rather than just a small executive cohort
  • Per the EY research study released July 29, US employers offering Bond to all employees can expect annual bottom-line savings of $181-$280 per employee, a ROI figure that resonates strongly with CFOs and finance teams
  • Bond is already the world’s largest personal security provider by number of people covered, with no direct global competitors offering its unique preventative, 5-second response model

• New Municipal Segment Traction

  • A signed agreement for a 270,000-resident international city to provide Bond to all residents is now active, with 60% adoption among informed residents, matching the 50-70% adoption rate seen in corporate clients
  • Jerusalem (1 million residents) has signed a completed contract for Bond to cover all 10,000 city workers, after a successful pilot that identified Bond as the only available supplier for this service; onboarding has started
  • The company is in active dialogue with 8+ additional cities across two focus countries, including discussions at the mayor and prime minister level; municipal contracts represent a much larger addressable market than corporate clients, with potential for millions of covered users per contract
  • A previously announced $3 million government contract will not close due to unacceptable contractual terms around payment and risk allocation, and management is managing expectations that this deal will not proceed

• Operational and Strategic Position

  • Bond delivers a new preventative security paradigm, compared to the ineffective reactive panic button/911 model offered by other providers; Bond deterrence works before an emergency occurs, with a 5-second average response time across 15 integrated services
  • After going public in early 2026, 2026 is dedicated to growth investments after 2025 was focused on preparation for public listing; growth investments include marketing, lead generation, trade show participation, and new sales/customer success hiring
  • The combination of blue-chip referenceable customers and the EY ROI study is expected to help Bond cross the chasm from visionary early adopters to the much larger early majority market, with demand inflection expected to follow
  • Existing investors have demonstrated continued support: debt conversions and deferrals were completed on favorable terms, and Bond’s CEO provides a non-dilutive $3 million revolving credit line at 4% annual interest, giving the company sufficient capital to execute its growth strategy while minimizing dilution

• Growth investments initiated after the February 2026 public listing will start yielding new customer results in the second half of 2026, with the majority of new revenue and traction expected to materialize in 2027, consistent with the 6-9 month enterprise sales cycle
• The company expects the combination of referenceable large customers and the EY ROI study to drive a transition across the adoption chasm from visionary early adopters to the large early majority market, which will simplify sales and drive accelerating growth
• Management expects continued positive resonance of the EY ROI study with corporate security, HR, and finance teams, driving increased lead conversion and pipeline growth
• NASDAQ minimum share price compliance is expected to be resolved as the business executes and the share price rises, with execution as the company's top priority rather than compliance fixes

The transcript does not break out separate financial performance for individual product segments. It only provides overall company financial results for Q2: a 41% sequential reduction in operating expenses, a 28% sequential improvement in net loss, and an ending cash balance of $5.2 million. The balance sheet was strengthened via a $4.3 million total reduction in debt, consisting of $3.3 million of debt converted to equity at a 4x premium to the market price and $950,000 of debt pushed from 2026 to 2027.

• A previously awarded $3 million government contract will not close due to impasses on contractual terms (payment terms, risk allocation, and response requirements), representing a lost expected deal
• The company is currently at risk of NASDAQ non-compliance due to its share price trading below the $1 minimum requirement
• The typical 6-9 month enterprise sales cycle means growth investments will not produce immediate results, with most gains delayed until 2027
• The company is still in the early stage of crossing from visionary early adopters to the large early majority market, with market adoption still uncertain at this stage

Q: An investor asked for details on Bond's current growth investments, whether the capital allocated to growth is sufficient, and how management measures investment success. / A: Growth investments follow a structured sales funnel: first building awareness via new media relations and social media outreach, then generating leads through business development teams that target ideal decision-makers (chief security officers, HR leaders) across the US (90% of activity) and three international markets. Management tracks progress against weekly measurable objectives, making adjustments as needed. A $500,000 investment in the GSX global security trade show (the first participation since 2021) includes co-sponsorship of an industry event with Amazon to generate high-quality leads. Sufficient capital is available to execute the current growth plan, with 95% of pilots successfully converting to full deals when prospects are properly qualified.

Q: A research analyst asked for clarification on revenue recognition and timing for the two new municipal contracts, including when revenue will be recorded. / A: Most Bond deals are 2-3 year terms paid one year in advance. Cash is typically received 45 days after deal closing, while revenue is recognized proportionally month-to-month over the contract term. The 270,000-resident city deal is signed, onboarding is underway, and cash is expected to be received in Q3, with monthly revenue recognition starting immediately. The Jerusalem 10,000 city worker deal was signed in recent weeks, with monthly revenue recognition starting now for the first year of the contract.

Q: A long-standing investor asked what makes Bond's offering compelling to city governments, which have recently emerged as a new customer segment. / A: High levels of resident public insecurity (e.g., 88% of UK women report feeling unsafe walking alone at night) is the core driver; mayors need to address this top voter concern to win re-election. Bond offers a paradigm shift compared to traditional city security investments (adding cameras, cutting first responder response times from 12 to 10 minutes): Bond delivers a 5-second response time for all residents at a lower cost than traditional incremental security investments, turning every resident's phone into a connected security sensor that extends the city's security capabilities.

Q: An investor asked about management's concerns around the company's cash position and NASDAQ compliance. / A: Management monitors all risks closely, but given existing investor support (including the CEO's personal credit line and history of flexible capital support), there is no significant concern about having sufficient capital to execute the growth strategy, and management remains focused on minimizing dilution for existing shareholders. For NASDAQ compliance, management expects the share price to rise above the $1 minimum as the business executes, so compliance is not a top priority and will resolve as the business grows.