BrainsWay is engaged in the research, development and marketing of a medical system for non-invasive treatment of common brain disorders. The medical system developed and manufactured by the company is based on a unique and breakthrough technology called Deep TMS, which can reach the depth of the brain and produce nerve stimulation or suppression. In the US, the Company’s H1 helmet is FDA cleared for the treatment of major depression disorder (MDD), and a De Novo application has been submitted to the FDA for the Company’s H7 helmet for the treatment of OCD. In addition, the Company recently received FDA clearance for its in-house proprietary stimulator. About 90% of MDD patients are eligible for coverage (including from both private and governmental payors). The Company’s systems have also received CE clearance and are sold worldwide for various indications.