Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 101

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 5
Chunk 101
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. e., triggering
of OCD or smoking symptoms, as relevant), to ensure that Deep TMS is calibrated to treat the particular needs of the patient, which is
then followed by a Deep TMS session. The treatments are typically office-based procedures performed in private clinics, hospitals, universities,
and other medical centers. As with Traditional TMS, Deep TMS is contraindicated for patients with metallic objects or implanted stimulator
devices in or near the head, including cochlear implants, deep brain stimulators, other implanted electrodes or stimulators, aneurysm
clips or coils, stents, bullet fragments, jewelry, and hair barrettes. During treatment, the patient must use earplugs to reduce exposure
to the loud sounds produced by the device.

We believe that Deep TMS has additional advantages
over Traditional TMS because it is capable of stimulating deeper and broader areas of the brain. Studies have shown that while Traditional
TMS devices create an electromagnetic field estimated to penetrate the cortical surface of the brain up to depths in the range of 0.7
centimeters to 1.0 centimeters, Deep TMS creates a magnetic field with a slower and more gradual deterioration that reaches depths of
approximately 1.5 to 2 centimeters for BrainsWay’s H-Coils. Studies have also shown that BrainsWay’s H1 Coil has the capacity
for total stimulated brain volume of 17 cm3 compared to 3 cm3 for the figure 8 coil used in Traditional TMS. We believe this deeper and
broader penetration of Deep TMS provides an advantage over Traditional TMS because of its potential to address a wider variety of brain
disorders, and for a given disorder, to stimulate more relevant brain structures.

The training for operation of a Deep TMS system is
relatively simple and generally requires a day of training which includes classroom lectures as well as a number of hours of practice
providing treatment. The OCD and smoking training protocols also include tailored provocation procedures tailored to provoke the specific
obsessions, compulsions, or addictions, as relevant, of the subject.

Competitive
Strengths

  Deep TMS technology has advantages over Traditional TMS  

We believe that Deep TMS, with our proprietary H-Coil
design, allows for deeper and broader penetration of regions of the brain compared to Traditional TMS, permitting Deep TMS to address
a wider variety of psychiatric, neurological, and addiction disorders. We believe that this