shareholder update november 2007 peter bondar

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Shareholder Update November 2007 Peter Bondar Chief Executive Officer Tadpole Technology plc

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Page 1: Shareholder Update November 2007 Peter Bondar

Shareholder Update November 2007Peter Bondar

Chief Executive Officer Tadpole Technology plc

Page 2: Shareholder Update November 2007 Peter Bondar

Agenda IntroductionsShareholder updateQuestion and Answer SessionFormal AGM voteDemonstrations and networking opportunity

Page 3: Shareholder Update November 2007 Peter Bondar

Corporate Structure (May 2007)Tadpole Technology plcLSE Tad (c406m shares)

Geospatial Division UK based

Streaming DivisionUS (ETI&STI) and UK

Page 4: Shareholder Update November 2007 Peter Bondar

Corporate Structure (November 2007)Tadpole Technology

(Endeavors) plcLSE Tad (c426m shares)

Endeavors Technologies Ltd

York, England

Endeavors Technologies IncIrvine, California

Endeavors IP/TBA

Page 5: Shareholder Update November 2007 Peter Bondar

Technology Dynasties: Riding the next wave!

1950s Batch Processing IBM Mainframe

1960s Teletype Online IBM Mainframe

1970s Dumb/Glass Terminal OnlineIBM/DEC Mini

1980s Client Server ComputingOracle

1990s Thin Client Computing Sun/Oracle/Citrix

2000s Application Streaming / Virtualization/SaaS/ODAMicrosoft, VMware, Endeavors

Page 6: Shareholder Update November 2007 Peter Bondar

On Demand Applications

VirtualizationSoftware as a Service

Markets and RelationshipsApplicationStreaming

Page 7: Shareholder Update November 2007 Peter Bondar

Where is the market?

Page 8: Shareholder Update November 2007 Peter Bondar

Where are we?

Page 9: Shareholder Update November 2007 Peter Bondar

The Management Peter Bondar CEO; 52, 30 years IT expertise, start-ups, turn around

specialist Juan Salcedo CFO; 50, Metrics focus Art Hitomi CTO; 35, Co-Founder Endeavors, Neil Gardner VP Marketing; 43, 21 years product management and

marketing Jan Tarzia Press, Investor Relations, Analyst Liason

Martin Kirkby VP Sales EMEIA; 43, High Technology Enterprise sales Andy Cole VP Sales North America; 48, High Technology Channel sales

Page 10: Shareholder Update November 2007 Peter Bondar

Operational Status – ProductCustomer/Prospect/Partner Contact shows:

Great product Softgrid/Thinstall/Citrix

“they do NOT do what it says they do on the tin” Very strong in SaaS “Probably the best application virtualization product

in the world”

Page 11: Shareholder Update November 2007 Peter Bondar

Operational Status – Sales USUS sales team failed to meet expectations: action taken!

New Management New Support Direct sales, not yet exploiting SaaS opportunities Shrink-wrap business model only First US channel partner announced today: Vector

Networks

Page 12: Shareholder Update November 2007 Peter Bondar

Operational Status – Sales EuropeEuropean sales team performing well

21 Proof of Concepts under way Strong pipeline of suspects and prospects Healthy interest in SaaS and Enterprise OEM/Transactional Models/Shrink-wrap all in play More channel partners coming and a JV!

Page 13: Shareholder Update November 2007 Peter Bondar

Operational Status – EngineeringFirst major new product debuts at Network Interop

Application Jukebox The best product set in the world just got better!

Foundation for all next generation productsFocus on delivery of next generation products

On time, on budget to the right quality level

Page 14: Shareholder Update November 2007 Peter Bondar

Operational Status – Service DeliveryNew organizational unitManaging Proof of ConceptsPost sales field and customer supportLocalization and custom integration

Page 15: Shareholder Update November 2007 Peter Bondar

Operational Status – MarketingGood progress in Analyst /Press RelationsIntegrated European market programs and

telesales proves it worth: US to now followNeed to do more: more resources required

Page 16: Shareholder Update November 2007 Peter Bondar

Illustrative Customers SoftBank aka Vodafone Japan

World’s largest deployment of application streaming/SaaS 450,000 users Scale and efficiency of deployment (Only 7 servers)

Parsons Engineering US’ largest corporate deployment of application streaming/on demand

applications 2,500 Applications, help desk reduced from 50 people to 2

Wyse Worlds largest supplier of network computing solutions

Multi million dollar OEM deal

Page 17: Shareholder Update November 2007 Peter Bondar

IP Position8 patents issued / 25+ pendingBoth breadth and depthSome predate all other competitorsIndependently validated by US patent specialistsAgreements signed with Microsoft, Citrix, Appstream,

Exent Further opportunities with these and all other entrants

No new entrant can create a product without potentially infringing patents!

Page 18: Shareholder Update November 2007 Peter Bondar

The Board David Lee: Chairman Peter Bondar: CEO John Bolitho: NED NED 2 NED 3

Page 19: Shareholder Update November 2007 Peter Bondar

Q+A