The Board of Directors understands that some shareholders are reluctant to authorize a reverse stock split
but believes strongly and unanimously that the Company and shareholders will be served best by voting FOR Proposal 3.
Glass Lewis, a leading independent
proxy advisory firm, relied upon by hundreds of major institutional investment firms and mutual funds, agrees with the Board that a vote FOR a reverse stock split is in the best interest of the Company to reduce the number of shares of common stock
outstanding, attempt to proportionally raise the per share price of the Companys common stock and increase investor interest.
Your vote is
important regardless of the number of shares you own. If you have already voted no on Proposal 3 I encourage you to change your vote. Approval requires a majority of shareholders to vote in favor of the proposal and not voting is the same as a vote
against the proposal.
The Company needs your support by voting FOR Proposal 3.
How to Vote
To vote or
if you have already voted and would like to change your vote or if you have any questions or need assistance voting your shares, please call the firm assisting us with the solicitation of proxies:
Saratoga Proxy Consulting LLC, at (212) 257-1311 or (888)
368-0379.
Your investments allowed our engineers to create valuable technology that is currently shipping in
a top tier OEM product. I believe our technology has timely arrived at an inflection point with the possibility of products aligning with several consumer vertical markets. Your vote FOR Proposal 3 is important to facilitate our efforts to maximize
value for our shareholders.
Thank you for your continuing support,
Sumit Sharma
Chief Executive
Officer
Certain statements contained in this letter, including those relating to benefits of the approval of Proposal 3 of the Proxy Statement, effects
and benefits or a reverse stock split, potential success in realizing strategic options, discussion with third parties regarding licensing and other strategic options, potential sale or merger of the Company, stock liquidity, value of shares
following a reverse stock split, maximizing value of the Company and Shares of common stock. potential products and markets, and those containing words such as expect and believe, are forward-looking statements that involve
risks and uncertainties. Factors that could cause actual results to differ materially from those projected in our forward-looking statements include the risk that the company may not succeed in finding licensing or other strategic solutions,
including a potential sale of the company, with acceptable timing, benefits or costs, the company may be unable to evidence compliance with Nasdaq criteria within the period of time that was granted by the Nasdaq panel; the risk that our stock price
could decline following a reverse stock split; our ability to operate with limited cash or to raise additional capital when needed; market acceptance of our technologies and products; and for products incorporating our
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