Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 99

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 5
Chunk 99
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 TMS or “ Deep TMS 360°™” technology. The patented multichannel aspect of
this technology allows for simultaneous modulation of different areas of the brain with independent stimulation parameters, and the patented
rotational field aspect employs a method of stimulation that enables activation of a greater number of neurons in the brain via two orthogonal
TMS coils which are placed perpendicular to each other and operated with a time lag in order to induce a circularly rotating electric
field. This enables stimulation of neurons in various orientations, in contrast to currently available TMS devices which stimulate only
neurons parallel to the induced field. We recently launched two new feasibility studies involving this next generation device, one in
the neurological field of post-stroke rehabilitation, and the other for OCD using an accelerated protocol. Furthermore, in an August 2024
article in the Brain Stimulation Journal, our first pilot data on the efficacy of our rotational field technology was published. This
feasibility study involved 12 depression patients and compared the efficacy of our rotational field helmet with that of our H7-Coil. Albeit
via a small sample size, the data demonstrated significantly greater improvement with the rotational field helmet in the depressive symptoms
as reflected by the HDRS-17 rating scale compared to the H7-Coil. We plan to further study the safety, efficacy and various possible applications
for this next generation technology and believe it has the potential to make our Deep TMS systems even more attractive to clinicians,
researchers and patients.

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Our Deep TMS system is comprised of the various key
components, as illustrated below. Each system can accommodate two helmets, and a third helmet can be incorporated using a separate auxiliary
stand.

The key components of our Deep TMS system are:

  Helmet, including proprietary H-Coil  

  Stimulator, which provides the power supply and source of the Deep TMS electromagnetic field  

  Graphic User Interface (GUI)  

  One or More Arm(s)/Positioning Device(s)  

  Cooling System  

  Movable Medical Cart  

We believe our Deep TMS platform has many advantages
relative to other TMS systems. Our H-Coil is a flexible device encased in a helmet that fits securely around the patient’s head.
This, together with the proprietary structure of our H-Coil, means that a much larger surface area of the head is in contact with the
H-Coil than would be in contact with a figure 8-style coil. Furthermore, if the patient moves his or