Second Sight Medical Products, Inc. Announces Shareholder Approval for Proposed Merger with Nano Precision Medical, Inc. and other Results of 2022 Annual Meeting Second Sight to change its name to V

Sight Medical Products, Inc. Announces Shareholder Approval for Proposed Merger with Nano Precision Medical, Inc. and other

Results of 2022 Annual Meeting

Sight to change its name to Vivani Medical, Inc.

Los Angeles, CA - (BUSINESS NEWSWIRE)

- July 29, 2022 - Second Sight Medical Products, Inc. (NASDAQ: EYES) (the "Company" or "Second

Sight"), a leading developer of implantable visual prosthetics that are intended to create an artificial form of useful vision

for blind individuals, today announced results of its annual meeting held on July 27, 2022, where the quorum was present. The formal

results of the vote are included in a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission.

At the annual meeting, the shareholders

voted on seven proposals: (1) approving the merger agreement with Nano Precision Medical, Inc. ("NPM") and the transactions

contemplated thereby, including the merger, the issuance of new shares, and change of control resulting from the merger, (2) approving

a reverse stock split in a range, as determined by the Company's Board of Directors, of 1:2 to 1:10, (3) changing the Company's

name to Vivani Medical, Inc., (4) electing six members of the Board of Directors, (5) approving the 2022 Omnibus Plan, (6) ratifying

the appointment of BPM, LLP as Second Sight's independent registered public accounting firm for 2022, (7) considering and

voting upon an adjournment of the Second Sight annual meeting, if necessary, to solicit additional proxies if there are not sufficient

votes in favor of the foregoing proposals. The Board of Directors of the Company unanimously approved each of the Proposals and

recommended that the shareholders approve each of the Proposals up for vote at the meeting. The results are:

Proposal 1: the shareholders approved

the Merger Agreement and thereby approved the transactions contemplated thereby, including the merger, the issuance of the merger

shares, and the change of control resulting from the merger, as follows:

Proposal 2: the shareholders approved

an amendment to the Second Sight Restated Articles of Incorporation, as amended, to effect a reverse stock split of Second Sight's

common stock, within a range, as determined by Second Sight's board of directors, of one new share for every 2 to 10 (or

any number in between) shares outstanding, as follows:

Proposal 3: the shareholders approved

an amendment to the Second Sight Restated Articles of Incorporation, as amended, to effect the change of name of Second Sight to

"Vivani Medical, Inc.", as follows:

Proposal 4: The shareholders elected

each of the six director nominees to the Board of Directors of the Company to serve until the 2023 Annual Meeting of Shareholders

or until their successors have been duly elected and qualified, as follows:

Proposal 5: the shareholders approved

the Second Sight 2022 Omnibus Plan, as follows:

Proposal 6: The shareholders, on

an advisory basis, ratified the appointment of BPM, LLP. as Second Sight's independent registered public accounting firm

for the year ending December 31, 2022, as follows:

Scott Dunbar, acting Chief Executive Officer

stated "These are exciting times for Second Sight as we welcome the Nano Precision Medical team. For those who don't

know, Nano Precision Medical, Inc. is a biopharmaceutical business which develops miniaturized subdermal implants utilizing its

proprietary NanoPortal technology to enable long-term, near constant-rate delivery of a broad range of medicines to treat

chronic diseases. These new drug implants are designed to address medication non-adherence, a major contributor to poor clinical

outcomes in patients. NPM is planning to initiate a First-In-Human study with its lead asset, NPM-119, an exenatide implant for

the long-term treatment of patients with Type II diabetes by the end of this year."

"For Second Sight, our early feasibility trial

of Orion continues, now in its fourth year. While a few participants discontinued the study due to medical reasons unrelated to Orion,

we are seeing encouraging results in the remaining study subjects. When we complete the merger, which we anticipate will be in the latter

part of August or as soon as practicable thereafter, we look forward to working with the new leadership team and remain committed to identifying

and executing strategies to bring the Orion opportunity to the many potential patients who could benefit from this innovative technology,"

concluded Mr. Dunbar.

About Second Sight Medical

Second Sight Medical Products, Inc. (Nasdaq:

EYES) develops implantable visual prostheses that are intended to deliver useful artificial vision to blind individuals. A recognized

global leader in neuromodulation devices for blindness, the Company is committed to developing new technologies to treat the broadest

population of sight-impaired individuals. The Company's headquarters are in Los Angeles, California. More information is

available at secondsight.com.

About Nano Precision

Medical Products, Inc.

Nano Precision Medical, Inc. is a privately

held biopharmaceutical company developing drug implants by leveraging the company's proprietary NanoPortal drug implant

technology. These drug implants, designed to deliver minimally fluctuating drug profiles, will address drug non-adherence which

is one of the top reasons for sub-optimal clinical benefit associated with oral and injectable products that treat chronic disease.

The company's lead product, NPM-119, is a GLP-1 receptor agonist under development to treat patients with Type 2 diabetes.

The company's headquarters are in Emeryville, California. More information is available at www.nanoprecisionmedical.com.

This press release contains certain "forward-looking

statements" within the meaning of the "safe harbor" provisions of the US Private Securities Litigation Reform

Act of 1995. Forward-looking statements can be identified by words such as: "target," "believe," "expect,"

"will," "may," "anticipate," "estimate," "would," "positioned,"

"future," and other similar expressions that predict or indicate future events or trends or that are not statements

of historical matters. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they

are based only on Second Sight's current beliefs, expectations and assumptions. Because forward-looking statements relate

to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and

many of which are outside of our control. Actual results and outcomes may differ materially from those indicated in the forward-looking

statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual

results and outcomes to differ materially from those indicated in the forward-looking statements include, among others, the following:

(1) legal claims or proceedings relating to Second Sight's termination of the Memorandum of Understanding with Pixium Vision

and costs relating thereto; (2) changes in applicable laws or regulations; (3) the possibility that Second Sight may be adversely

affected by other economic, business, and/or competitive factors; (4) the impact of COVID-19 on Second Sight's business;

(5) the possibility that the merger may not be completed for any reason; and (6) various other risks and uncertainties. Some of

these risks and uncertainties may in the future be amplified by the COVID-19 outbreak, including subvariants thereof and there

may be additional risks that Second Sight considers immaterial or which are unknown. A further list and description of risks and

uncertainties can be found in Second Sight's Annual Report on Form 10-K filed on March 29, 2022, and in the Company's

Forms 10-K/A filed on May 2, 2022, S-4 filed on May 13, 2022, and 10-Q filed on May 16, 2022, and as thereafter amended. Any forward-looking

statement made by us in this press release is based only on information currently available to Second Sight and speaks only as

of the date on which it is made. Second Sight undertakes no obligation to publicly update any forward-looking statement, whether

written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise,

except as required by law.

This press release relates to a proposed

business combination between the Company and NPM. This document does not constitute an offer to sell or exchange, or the solicitation

of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer,

sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Additional Information

and Where to Find It

This communication, among other things,

relates to a proposed business combination of the Company and NPM. The Company filed the registration statement on Form S-4 with

the Securities and Exchange Commission (the "SEC"), which included a document that serves as a prospectus and proxy