Silex Systems Limited · ASX:SLX
Silex Systems — Shareholder Meeting (November 2007)
28 slides from Silex Systems's shareholder meeting presentation, Nov 29, 2007
Slide 1: For personal use only
For personal use only November 2007
Slide 2: Forward Looking Statements
Silex Systems Limited For personal use only FORWARD LOOKING STATEMENTS Silex is a research and development Company whose assets are its proprietary rights in technologies, including, but not limited to, the SILEX technology, Translucent technology and Fiberbyte technology. In general, the Company’s
Slide 3: Disclaimer
Silex Systems Limited For personal use only DISCLAIMER • Silex has prepared this presentation based on information available to it. The information in this presentation does not purport to be a complete description of Silex. Except as required by law, no representation or warranty, express or implie
Slide 4: Silex Systems Technology
SILEX SYSTEMS TECHNOLOGY For personal use only OUR MATERIALS TECHNOLOGY – in summary: Based on two sets of advanced materials Isotopically engineered materials (Ultra-pure materials for nuclear, medical and other high-tech applications) Band-gap engineered materials (Precision fabricated nano-scale
Slide 5: Nuclear Power
Nuclear Power For personal use only A Global Nuclear Power Renaissance is Underway: Currently 16% of world’s electricity supplied by nuclear power 440+ reactors currently operating (103 in the USA) 95+ being built / planned + accelerated development in Asia No greenhouse gas emissions minimal impact
Slide 6: Four steps to make Nuclear Fuel
For personal use only November 2007 Four steps to make Nuclear Fuel # # ! " " ! " " $ Uranium Enrichment is key to Nuclear Fuel economics $ & % & % SILEX Uranium Enrichment
Slide 7: SILEX v Existing Technologies
SILEX v Existing Technologies For personal use only SILEX CENTRIFUGE GAS DIFFUSION DEVELOPED 2000’s 1940’s 1940’s Laser Excitation Mechanical Mechanical PROCESS (‘centrifugal force’) (‘brute force’) ENRICHMENT EFFICIENCY 2 to 20(1) 1.3 1.004 COST COMPARISON Potentially Attractive Capital Intensive V
Slide 8: Uranium Enrichment Market Outlook
Uranium Enrichment Market Outlook For personal use only • Supply and Demand currently in balance • Enrichment Market currently >$5B pa. – Annual production over 45 million units • Potential enrichment supply issues beyond 2013: – HEU Agreement terminates (~13% of market) – US & French diffusion plan
Slide 9: For personal use only
For personal use only November 2007
Slide 10: The GE – SILEX Agreement
The GE – SILEX Agreement For personal use only • Exclusive Worldwide Commercialisation and License Agreement for the SILEX Uranium Enrichment Technology. • Joint Technology Development Program – funded by GE. • Closing payment US$20M received after US Government authorisation (October 3rd 2006). • U
Slide 11: SILEX Technology Development Program
SILEX Technology Development Program For personal use only Oct 06 • Phased Development Program Test Loop - Jointly conducted (commenced October 2006) Phase Starts - Funded by GE-Hitachi Nuclear Energy (GEH) – new partnership - Recently re-badged as ‘Global Laser Enrichment’ (GLE) Late ’08 / • Test L
Slide 12: Test Loop Project Status
Test Loop Project Status: For personal use only • Objectives of Test Loop: – Confirm and optimise plant-scale design parameters – Demonstrate equipment reliability and process efficiency • Transfer of Test Loop Project to GE’s Wilmington NC plant in the USA, including technology and personnel, was c
Slide 13: Stable Isotope Project (Lucas Heights)
Stable Isotope Project (Lucas Heights) For personal use only • Current feasibility project focus is on Oxygen-18 and Carbon-13 laser isotope separation. • Target markets: O-18 – PET medical imaging (~US$100M p.a.*) C-13 – Medical diagnostics (~US$100M p.a.*) • Testing is well advanced with encouragi
Slide 14: Translucent Inc – Overview
Translucent Inc – Overview For personal use only • Founded in 2001 – Translucent is ~70% owned by Silex. • Focused on advanced materials development for: 1. Optical Silicon / photonics applications - current focus - for optical communications and chip-to-chip interconnects 2. Ultra-High Efficiency S
Slide 15: For personal use only
For personal use only November 2007
Slide 16: Translucent Solar Cell Project
Translucent Solar Cell Project For personal use only • Aims: increase solar energy conversion efficiency & lower manufacturing costs • Patent application for Ultra-High Efficiency Solar Energy Cell filed June 5th, ’06. Three more Patent filings for Solar Cell IP since. • Translucent’s leverage – bri
Slide 17: Spectral Composition of Solar Radiation & Useful Solar Cell Optical Ranges
SPECTRAL COMPOSITION OF SOLAR RADIATION & USEFUL SOLAR CELL OPTICAL RANGES For personal use only 1600 Spectral Variance (Wm-2µm-1) Solar Spectrum (IEC/ASTM/ISO Global) 1400 1200 Silicon Conventional Solar cells 1000 (Single Junction) 800 Ideal Solar Technology 600 (Multiple Junctions) 400 200 Tunabl
Slide 18: Translucent Solar Cell Project cont'd
Translucent Solar Cell Project cont’d…. For personal use only • Project in development stage – subject to typical R&D risks • Based on ‘core materials technology’ utilising thin active-layer semiconductor films on non-silicon substrates. • R&D effort at Translucent to focus on optimising the thin se
Slide 19: Optical Silicon / Photonics Project
Optical Silicon / Photonics Project For personal use only • The Quest for ‘Optical Silicon’ continues.. • A major focus of the semiconductor industry for over 20 yrs • Translucent is a leading contender – Multi-billion dollar photonics market – optical (Fiber optic) communications – Key Issue is int
Slide 20: Market Positioning for Optical Silicon Development at Translucent
Market Positioning for Optical Silicon Development at Translucent For personal use only Current Optical Example of Proposed Ultimate Objective Communications Technology Interim Solution Expensive discrete Expensive discrete components Fully Integrated on chip components linked integrated on a common
Slide 21: Indicative Target Timeline: Translucent Project Activities
Indicative Target Timeline* Translucent Project Activities For personal use only 1) Solar Project: H1 ’08 • Expected industry validation of solar cell prototypes Q3 ’08 • Commence Solar Cell Pilot Line construction (subject to above validation) Mid ’09 • Initial production of solar cells (from Pilot
Slide 22: Fiberbyte Pty Ltd
FIBERBYTE PTY LTD For personal use only • Adelaide based subsidiary – 90% owned by Silex. • Core IP – “USB-inSyncTM” invention 4 patent filings to date. • USB-inSyncTM transforms the ubiquitous USB connection bus into a ‘smart’, more powerful synchronous bus resulting in many new potential applicati
Slide 23: Current Fiberbyte DAQ Products
Current Fiberbyte DAQ Products For personal use only USB DAQ • DAQ-2500X 4-Ch 16-bit 100kS/s Sonda Series (in development) Signal Conditioning Probes • Maestro -GS22 / -iS22 Timing Hubs New DAQ Devices (in development) 2/3-Ch 24-bit 5MS/s 24-bit Arb. Waveform Generator • UTD -2100 series / -2200 ser
Slide 24: Capital Raising – 31/10/07
CAPITAL RAISING – 31/10/07 For personal use only • $50 million raised @ $7.70 on 31/10/07 (heavily oversubscribed) • Proceeds will be used to accelerate development of Company’s technologies and commercialisation of initial products. • Primary focus is on Translucent and Fiberbyte technologies • Bri
Slide 25: Silex Summary
Silex Summary For personal use only A unique company developing technology and advanced materials for the 21st Century. ASX : SLX WWW.SILEX.COM.AU November 2007
Slide 26: Resolution 1: Re-election of Barry Patterson
For personal use only Resolution 1: This resolution is to re-elect Mr Barry Patterson as a Director of the Company and reads as follows: “THAT Mr Barry Patterson who has held office as a Director for three years and retires in accordance with the Articles of Association of the Company, be re-elected
Slide 27: Resolution 2: Remuneration Report
For personal use only Resolution 2: This resolution is to adopt the Remuneration Report. This vote is advisory only and does not bind the Company or its directors and reads as follows: “THAT the remuneration report for the year ended 30 June 2007 be adopted”. The Proxy result for this resolution is:
Slide 28: Silex Summary
Silex Summary For personal use only A unique company developing technology and advanced materials for the 21st Century. ASX : SLX WWW.SILEX.COM.AU November 2007