Piql Investor Pitch

Protect your data with Piql

A unique investment opportunity in a company with unique storage technology – offered through a scalable SaaS

Rune Bjerkestrand Founder and Managing Director of Piql AS, Norway

Copyright © Piql AS

Executive Summary

Piql has a unique, disruptive, and holistic technology and solution for truly secure, immutable, non hackable and long-term data storage that is provided as a service through a scalable SaaS. - securing that data is protected against cybercrime, cyberwar and electromagnetic weapons, - guaranteeing that information remains accessible in its authentic form, independent of specific technologies or solutions, - “tomorrow” and in the future. Piql has established its’ trust, position and brand recognition within the archival and preservation domain and is now expanding with services for data protection into the corporate world providing a solution nobody else can deliver .

Executive Summary

Distribution through an established network of Piql Partners and Official Resellers (currently covering 25 countries) and now expanding with Strategic B2B partners (Microsoft, Crayon, Infosys) for a highly scalable global distribution. Scalable business model based on a SaaS with a unique value proposition with MRR/ARR based on subscriptions - that can be replicated with further Strategic B2B partners across industry verticals nationally, regionally and globally.

Piql has just launched its SaaS services and is now raising EUR 2,5 million to support growth and expansion.

Executive Summary

Cloud computing is becoming the standard of business operations, and the climate crisis and the energy crisis is putting focus on sustainable computing and data storage . Piql has a unique solution in this respect.

Piql is a company deeply committed to social responsibility and sustainable thinking, with the ambition to help clients secure and make sense of their data.

For Piql this translates into our products and services being more relevant than ever , across the area of sustainable information storage and preservation, protecting critical and valuable data through non-hackable, immutable and sustainable data storage .

The Problem

Rapid digital transformation and exponential data growth threatens essential data preservation. We are losing invaluable information and heritage and at the same time storing an abundance of unnecessary data

Globally we struggle with data security , data authenticity , data integrity and sustainable ways of storing valuable information.

“Digital material including key historical documents could be lost forever because programs to view them will become defunct” Vint Cerf, Google

“Cybercrime is the greatest threat to every company in the world” Ginni Rometty, IBM

Three needs where Piql makes a difference

Unique Value Proposition: Unique offline, off-grid and secure storage medium that cannot be hacked, deleted, manipulated or erased by cybercrime, electronic warfare or by electromagnetic/ radioactive radiation Clients: Authorities, Defence, Corporations, SME’s

Secure Storage Operational Resilience - for Business Continuity

UniqueValue Proposition: Completely passive storage technology. No servers, no migration, no electricity needed to keep data alive – lowest carbon footprint of any storage technology. Move data from fossil fueled data centers to reduce carbon footprint.

UniqueValue Proposition: Extreme durability and longevity properties, self-contained and migration free with guaranteed future access Clients: GLAM’s, Institutions, Organisations, Authorities, Research, Corporations

Storage Optimisation - for Sustainability

Archival & Digital Preservation

Clients: Data Centres, Authorities, Corporations

The Market Opportunity

An exponential growth of data fuels needs within secure data storage, archival and digital preservation and sustainable data storage.

2025 175 ZB

Piql's target market 0,10% of a market-value of $44 billion (Gartner Forecast 2019-2025)

2020 59 ZB

2009 0,8 ZB

The Global Datasphere (IDC 2020, Statista 2021) - The amount of data created, captured and replicated

There is an overload in digitally created, captured and replicated information/data. Piql can help to reduce, segregate and store/preserve data.

The Solution

Piql is a cloud-based “self-service” platform that lets the client ingest files and create their own archive, enabling data processing with value added functionality and export to our offline storage medium piqlFilm and/or a storage repository of choice.

Piql adheres to vital archiving standards (Open Archival Information System (OAIS) - ISO 14721) and can be configured to integrate with existing client and partners tools and platforms through open API’s.

Piql writes data onto the unique and immutable storage medium piqlFilm, i.e., data cannot be hacked, manipulated or deleted and requires no energy to be kept alive.

This makes Piql a disruptive, secure and sustainable way of storing, protecting, archiving and preserving irreplaceable and valuable data and information

piqlFilm – a DisruptiveTechnology

Piql has used the latest nano-material and -imaging technologies to convert black and white photo sensitive film into a immutable digital storage and preservation medium, piqlFilm . piqlFilm is an eternal and migration-free information carrier that can store both digital and visual information. Future data retrieval is technology and vendor agnostic since solution is self-contained and based on open-source and license-free components Piql is a passive and sustainable storage technology, that needs no servers - no electricity,

Visual

Digita l

and that has a very low carbon footprint -> Scalable, secure and sustainable

The Holistic Solution

piqlConnect – SaaS platform. Self service ingest of data

Combining both proprietary and non-proprietary hardware technology with a state-of-the-art SaaS platform enabling self service and connections to any established eco-system with API’s.

The proprietary and patented piqlWriter writes data onto piqlFilm .

The non-proprietary and “open-source” piqlReader reads data off piqlFilm .

The piqlFilm is kept in the specially designed piqlBox .

Our SaaS - piqlConnect

Our easy-to-use SaaS, piqlConnect offers distinct

functionality for different client needs with three different tiers at different pricing levels.

The Piql Platform as a Service

A wide range and number of Strategic B2B Partners can be connected to the Piql Platform through open API’s offering value added services for their clients’ data

A solid roadmap to extend this platform has been established

Digitsed data

piqlConnect

Client

Ingest

Secure storage

Cloud

Digitally born data

Structured data

Archival

OR

Off-grid secure vault

piqlFilm

Un-structured data

Preservation

Classify and Segregate data 3*

Make sense of data 1*

Normalise data 4*

Sustainable storage

Ecosystem (i.e. third-party sw solutions, e.g. Microsoft Azure)

Multiple Clients

API

Piql Platform

1* Extract and add metadata to enable cataloguing/indexing and search – i.e. to make un-structured data semi-structured to better be able to identify important data/information and make decisions.

4* Based on international standards and best-practices normalise files to relevant open-source file formats for preservation and future access purposes.

Piql has unique features

Competition

Client Storage Needs

A VAILABLE TECH

EMP Immune

Offline format

True WORM*

Visual data

Digital data

Online availability

Long availability

Vendor independent

Technology Independent

Migration free

Self contained

Secure from cyberattacks

Instant retrieval

( )

( )

( )

30** years

Magnetic Tape

( )

50*** years

Optical Disk (CD)

6 years

Hard Disk Drive

Cloud

N/A

500 years

Microfilm

1000 years

*WORM = Write Once Read Many ** In reality limited to 4-10 years due to obsolescence of supporting hardware and software *** Cloud is using a combination of Hard Disk Drives and Magnetic Tapes and is offered as a service ( ) = Depends on the application

Distribution and Sales

Partners

End Clients

Piql AS

Global network of Piql Partners and Official Resellers on a national and regional level. Distribution through Strategic B2B Partners where Piql is a “plug-in” to existing solutions/services or platforms.

Direct sales of projects with key accounts – that often are returning for further projects. Predominantly in Norway but also with select global clients. Managing global distribution network.

B2B Focus area

B2C For specific regions and segments (2023)

Distribution and Sales

Distribution through an established network of Piql Partners and Official Resellers (based on a franchise model), currently covering 25 countries, that is selling Piql Services – including digitization and digital transformation

… and now expanding with Strategic B2B Partners (Microsoft, Crayon, Infosys, Atom) for a highly scalable global distribution of our SaaS services. Different B2B Partners for different needs (i.e. based on their profile and market access) With Strategic B2B Partners we will do both co-sell (i.e. together with their direct salespeople) as well as transactional sales (i.e. through their self service platforms, e.g. Microsoft Azure)

ArcticWorld Archive – a unique offering by Piql

Click the image for a link to the AWA Brochure

ArcticWorld Archive – a unique offering by Piql

A new SaaS service was launched in January 2023

Click the image for a link to the new homepage

Click the image for a link to the new service

Selected clients

Click the image for a link to our Book of References

Client testimonials

"The goal is to leave the most valuable data in the best possible way for next generations of users and Piql guarantees this vision“ Maria Sàenz deMiera Archive Manager, ENRESA

"We wrote a wish list for the ideal solution. Piql met all the requirements on this list“ Jahn Fredrik Sjøvik CIO, National Museum of Norway

"We are excited to partner with Piql to help preserve open-source software for future generations. Piql's custom technology will allow us to store terabytes of data on a durable medium to last up to 1000 years. We are delighted that every active public GitHub repository will be written to piqlFilm and safeguarded for centuries to come" Kyle Daigle Director special projects, GitHub

Business Case (Yearly Revenue)

B2B Partner in US

Value increasing functions in SaaS

€33,7M 2026

B2B Partners the Middle East

4.000 clients

Scaling of SaaS by adding value increasing functions and expanding distribution through further Strategic B2B Partners

Functions in SaaS and deployment of AI

2025 €19,3M 2000 clients

B2B Partners in US, UK & Germany

Launch SaaS piqlConnect

B2B Partners in France, India and Spain

Target: 0,10% of Cloud Management and Security Services market in 2026

Strategic B2B Partner in Norway

2024 €9,1M 1000 clients

2023 €3,7M 300 clients

2022 €1,4 M

Business Case

Revenue & EBITDA

€ 40 000 000

€ 35 000 000

€ 30 000 000

€ 25 000 000

€ 20 000 000

€ 15 000 000

€ 10 000 000

€ 5 000 000

€ 0

2022E

2023E

2024E

2025E

2026E

- € 5 000 000

piqlConnect (SaaS)

Client Projects

Piql Partners

AWA (SaaS)

EBITDA

ManagementTeam

Rune Bjerkestrand Managing Director

Holger Hussmann CTO

Per Fjeld-Olsen CFO

Katrine Loen Deputy Managing Director Holds a BSc in Political Science. +20 years broad and deep experience; communication advisor, project applications and funding, project management and reporting, partner management, business development. Co-Founder and Manager of the Arctic World Archive .

Founder of Piql. Holds BA ’s in Business Administration, Engineering and Cybernetics and a Masters Degree in Strategic and Knowledge Management. 25+ years experience as an entrepreneur and 10+ years in the Kongsberg Group : senior project management, advanced technology development product and marketing management, international business development and sales.

Holds an Engineering Doctorate in Telecommunications and a Diploma Degree in Electrical Engineering. 30 years experience from among others Nokia , Telenor and Circle K : leadership and people management, strategy and business development, innovation and technology

Holds a Master of Science in Economics and Business Administration and is a Certified Public Accountant. Has run his own accounting firm for many years. Has extensive management experience over 35 years from a wide range of business (SME’s and start-up’s) across multiple industries, also as board member and chairperson of multiple boards.

and project management, SaaS development and deployment

Investment and use of funds

We are raising funds to secure full scale commercialization to unleash growth in 2023-24 - To be implemented in a 15–18-month program

Resources (EUR 1 mill) § Commercial resources for co-sell and joint go-to-market and marketing activities with Crayon and Microsoft § Scaling a modern, digital salesforce (Customer Success) § Investing in management capabilities for growth Technology (EUR 1,0 mill) § Enhance and scale SaaS platform § Invest in value increasing functionality (AI/ML, Blockchain) § Test and perfect technology for operational resilience Partnerships (EUR 0,5 mill) § Strategic alliances within selected industry verticals § Co-sell and joint Go-To-Market activities with new strategic partners

€2,5M

Piql has the best proven solution for secure storage and long-term preservation of invaluable information

We make it last forever!

Copyright © Piql AS

Thank you!