Silex Systems Limited · ASX:SLX
Silex Systems — Shareholder Meeting (November 2004)
34 slides from Silex Systems's shareholder meeting presentation, Nov 25, 2004
Slide 1: A Unique Technology Company
A UNIQUE TECHNOLOGY COMPANY ian Now © Presentati vi Investor Fi AGN
Slide 2: Forward looking statements
Forward looking statements Silex is a research anc development company whose assets are its proprietary rights in technologies, including, but not limited to, the SILEX technology, Translucent technology and Fiberbyte technology. The company’s technologies are in the develooment stage and have not b
Slide 3: Our Vision
OUR VISION is: to become a world leader in: » lsotopically enriched materials » Uranium * Silicon » Wafer Scale Semiconductor materials * Optical Silicon » Advanced Electronic Materials
Slide 4: Estimated Total Market
ue Estimated Total Market SILEX TECHNOLOGY DIVISION (Sydney) Target US$ Nuclear Fuel Industry {Enriched Uranium) $3.500M Semiconductor Wafer Industry {Enriched Silicon and Carbon) » $6,000M Medical Diagnostics {Enriched Carbon and Oxygen) » $100M SEMICONDUCTOR TECHNOLOGY DIVISION USS Optical Silicon
Slide 5: Key achievements and milestones
Translucent secured initial key US Patent for its ‘optical silicon’ invention. Fiberbyte commenced development of its data acquisition technology. SILEX Uranium Project measurements resumed. Discussions with 3rd Parties regarding commercial partnerships in progress. Translucent signed MOU for strate
Slide 6: What is the SILEX Technology?
What is the SILEX Technology? Separation of Isotopes using Laser EXcitation. Changing ‘isotopic’ composition of elements (enrichment) creates new ultra-pure materials with unique qualities. Isotopes are different forms of the same element (different number of neutrons). eg. Uranium Silicon Carbon U2
Slide 7: Nuclear Power
Nuclear Power 17% of world’s electricity 440+ reactors e e 70+ being built / planned No greenhouse gas impact W756 U2SS 98.3% LU 6% URS Used in Reactor Greate Steam _ Drive Turbine Uranium Mining Conversionto UFG = Enrichment Fuel Fabrication Make Electricity
Slide 8: SILEX vs Centrifuge vs Gas Diffusion
SILEX CENTRIFUGE GAS DIFFUSION INVENTED 1990's 1940's 1940's PROCESS Laser Excitation Mechanical Mechanical (centrifugal force’) (brute force’) ENRICHMENT EFFICIENCY 2 to 20 1.25 1.004 ESTIMATED COST 30~$402) 60~$80 100 PER UNIT (US$) $30~$4 $60-$ *$ % OF EXISTING MARKET®) 0% 40% 45% Under Developme
Slide 9: Uranium enrichment supply and demand
2005 2010 2015 OTHER - (C¢) SUPPLY | DEMAND. UNCOMMITTED GD Gas Diflusion
Slide 10: Current Progress
Current Progress — USEC withdrew in April 2003 after ~7 years in partnership and ~USS40M in expenditure (causing significant delays). The ‘direct measurement (DM) program is now in its final stages (Q1 ‘05 completion) — focus is on optimising process efficiency. The outcome of the DM testing program
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Slide 13: SILEX Technology Division
SILEX Technology Division
Slide 14: Isotopically engineered silicon and SUMCO collaboration
isotopically engineered (enriched) silicon can improve thermal conductivity of silicon — potentially alleviating heat build-up issues. Sematech (Semiconductor Industry body) said in March 2004: ‘lateral heat transfer within the isotopically pure (silicon) layer is improved and may help reduce peak t
Slide 15: Mini Module and Collector Module
MIMI Mini Module Collector Module SILEX Technology Division
Slide 16: SILEX Technology
A nnonnnnainnl SILEX Technology
Slide 17: Focus is now solely on uranium and silicon enrichment
Focus is now solely on uranium and silicon enrichment. Silicon - process works well - pilot plant program in full swing — efficiency and scaling - should know economics and future prospects in the near future Uranium - process works well - DM program nearing completion — process efficiency - should
Slide 18: Silex/Translucent projects focus on semiconductor and photonics problems
Silex/Translucent projects focus on solutions to fundamental semiconductor & photonics problems * Division grew out of SILEX Technology application to enrich silicon for semiconductor industry. » Activities now encompass potential wafer-scale solutions for a number of critical silicon-based semicond
Slide 19: Semiconductor Materials Issues
Semiconductor Materials Issues in early 2004, Sematech (leading industry body), listed key materials issues & solutions needed to meet anticipated semiconductor industry roadmap targets (ie, Moore’s Law). Silex and US-based Translucent Inc, have potential solutions to 4 of the 5 emerging materials g
Slide 20: Translucent technology addresses two major roadblocks
Translucent technology addresses two major roadblocks facing the semiconductor industry ~ Photonics + microelectronics integration in silicon — Optical Silicon ~ Limitations on the fundamental electronic capabilities of silicon -» Advanced Electronic Materials If successful, Translucent well positio
Slide 21: Overview of the Translucent Technology
Overview of the Translucent echnology Optical Silicon * Translucent aims to bring Silicon economics to Telecommunications. * Inits natural form, Silicon is an “indirect band-gap” material that can’t be used for optical communications. ~ This forced the use of expensive “compound semiconductors” (eg.
Slide 22: Planar Lightwave Circuits
ightwave Circuits (SPL CURRENT TECHNOLOGY TRANSLUCENT TECHNOLOGY . Fibre out « Expensive, discrete components * 10x lower cost * Fully integrated silicon VLSI
Slide 23: Technology vs Bandwidth: optical world
Technology os Long Haul Bandwidth Networks / i ‘Optical World’ _ Thps High Cost Optical-Fibre/ Gbps GaAs-InP
Slide 24: Technology vs Bandwidth: Translucent world
Technology Bandwidth Long Haul _ Networks } ... -Thps ‘Optical World’ TOP Low Cost .. Optical Fibre/ “Silicon Gbps . ‘Translucent World’ Tra slucent World Gbps Low. Cost - Integrated Silicon Opto-electronics Gbps
Slide 25: Translucent Photonics Wafer Facility
Slide 26: Natural Silicon Wafers vs Enriched Silicon-28 Wafers
Natural Silicon Wafers Enriched Silicon-28 Wafers: Isotopic assay Si-28 : 92% . isotopic assay Si-28 > 99% Si-29 : 5% Other < 1% Si-30 . 3% * 10% to 60% higher thermal conductivity - 8% heavy isotopes act like ‘defects’ and impede potential 30-40° lower operating ternperature flow of heat through th
Slide 27: Enriched Silicon Wafers
(Enriched Silicon Wafers) Potentially large market for advanced microprocessors and communications devices — silicon wafer industry > US$6,000M p.a. Competing Technologies — silicon enrichment: ~ Centrifuge : uneconomic - high capital and operating costs. ~ Chemical Distillation : inefficient and co
Slide 28: Cooling Cost Comparison
Cooling Cost Comparison Cost per die * Cryo-cooler $350 + « Thermoelectric Cooler $35 « Fan & heat sink $10 to 20 * Chip thinning $2 (est) * Si-28 epi wafer $0.10 to $2 12 * Si-28 bulk wafer $2 to $25 1 1 incremental to natural silicon wafer assumes 200 die/fwafer 2 10u epi thickness (Source: Isonic
Slide 29: Fiberbyte P/L - Adelaide based technology company
Fiberbyte P/L - Adelaide based technology company. Fiberbyte has two unique “USB-inSync’” technologies: 1. PC-based Data Acquisition Technology — current focus. 2. Fibre Optic Test & Measurement Equipment Technology. -—» deferred due to continuing market downturn Silex has 85% interest in Fiberbyte
Slide 30: USB Real Time Data Communications Platform Technology
“USB Real Time” Data Communications Platform Technology: Capitalises on core “USB-in-Sync’ proprietary technology. Primary target market: PC based Data Acquisition (~US$400M p.a). Manufacturers & System Integrators of real-time I/O systems — broad spectrum including: ~ Laboratory applications ~ Elec
Slide 31: Facilities
Facilities Silex operates a major laboratory complex at its Lucas Heights Facility in Sydney for the development of the SILEX enrichment technology. With the support of Silex, Translucent has established a state-of-the art semiconductor laboratory in Palo Alto ~ in the heart of Silicon Valley. With
Slide 32: Human Resources and Financial Resources
HUMAN RESOURCES » SILEX (Sydney) - 30 » Translucent (US) - § » Fiberbyte (Australia) - 8 The Silex research teams are world-class, and include 14 PhD’s, 10 Engineers and 14 Technicians. FINANCIAL RESOURCES » Silex has cash of ~ A$27M (30 September 2004). » Existing cash reserves sufficient to fund c
Slide 33: Silex - A mission focused technology company
Silex - A mission focused technology company. Excellent Resources - Technical Teams - Facilities - Funding intellectual Property Protection - Patents and Applications - Classification Clear Corporate Strategy - Alliances with industry leaders - SUMCO ~ Silicon wafer partner - Broad exploitation of c
Slide 34: A unique company developing technology and advanced materials
A unique company developing technology and advanced materials for the 21%! Century.