VYCO Summary and Investment Opportunity-Closed week strong • $1B+ Market Opportunity - First Real Treatment for Stroke-Related Vision Loss Vycor's NovaVision helps victims of stroke and traumatic-brain injury permanently regain a key portion of lost vision-field. This is the first treatment for what has been considered a permanent and irreversible condition, and is backed by a strong scientific team, 15 years of research and 20 clinical studies. It is FDA 510(k) cleared, has a strong patent portfolio, and addresses a very large market in the United States, Europe, and around the world. Although we believe it will take NovaVision several years to penetrate a big percentage of this market, its multi-billion dollar size makes this product line a potential blockbuster for Vycor. • ViewSite Helps Neurosurgeons Address "Inoperable" Cases and Improves Outcomes The transparent ViewSite Brain Access System (VBAS) dramatically reduces the damage caused by "retractors" that surgeons now use to reach sub-surface areas of the brain. It also provides these surgeons with superior visibility during surgical procedures. The net effect of this is improved clinical outcomes, shorter surgeries, and shorter recovery times; in some cases this product's superior attributes have allowed brain surgeons to successfully perform surgeries that would have otherwise been considered inoperable. The VBAS is protected by a strong patent portfolio, and we believe its clinical superiority and cost savings will lead it to become the de facto standard in surgical devices for neurosurgery over the next few years. • The Company Should Enter Hyper-growth During the Next Two to Three Years Vycor's ViewSite is already making good inroads into the relatively small neurosurgery market, both in the U.S. and overseas, and we expect sales to grow robustly beginning in early 2013. However, we are most excited about the long-term potential of the NovaVision subsidiary, as its products have no real competition and address a global market that could be up to $20B in size. Although NovaVision's products could require several years to achieve market penetration of even 5%, this would still equate to a huge win for a company of this size. Both NovaVision and ViewSite have strong patent protection and backing from the scientific community, and both are FDA 510(k) cleared for sale in the United States. • We Believe an Investment in Vycor is Somewhat Risky but Has Exceptional Potential Based on solid near-term growth prospects and extreme upside in potential in 2013 and beyond, we are initiating coverage of Vycor with a Strong Buy rating and a target price range of $0.05 per share. Assuming the Company executes on its plan over the next 12-18 months, we believe its current valuation multiple of just 4.2x our 2013 revenue forecast is far too low, and believe a multiple in the 12x to 15x range is more appropriate. Furthermore, we see upside to our estimates if NovaVision is able to achieve market penetration more quickly than we