Bluglass Ltd · ASX:BLG
Bluglass — Shareholder Meeting (November 2019)
33 slides from Bluglass's shareholder meeting presentation, Nov 20, 2019
Slide 1: BluGlass Annual General Meeting
BLUGLASS (ASX:BLG) ANNUAL GENERAL MEETING 20 NOVEMBER 2019 SYDNEY
Slide 2: Chairman's Report
CHAIRMAN’S REPORT Dr William Johnson
Slide 3: Forward Looking Statement
FORWARD LOOKING STATEMENT This document has been prepared by BluGlass Limited to provide readers with an update of the Company and the Company’s technology. No statements, opinions, technical data and information, or other material contained in this document, constitute commitments, representations
Slide 4: Agenda
AGENDA Chairman’s Report Managing Director’s Report Chief Technology and Operations Officer’s Report Q&A Formal Business 4 20 NOVEMBER 2019 BLUGLASS ANNUAL GENERAL MEETING
Slide 5: Strategic Review of FY2019
STRATEGIC REVIEW OF FY2019 • Commercialisation of tunnel junction technology using RPCVD • Application in cascade LEDs, laser diodes, GaN-based products • Upgrade to Silverwater facility • Strategic commercial developments, partnerships revenue-generating engagements • New laser diode business with
Slide 6: Financial Summary
FINANCIAL SUMMARY FY2019 FY2018 Total Revenue $660,195 $870,967 EpiBlu foundry Revenue $424,555 $713,826 Interest $235,640 $157,141 Net Assets $11,643,573 $25,388,999 Impairment Expense ($8,695,000) - Monthly Burn Rate $632,000 $534,000 R&D Tax Rebate $2,365,688 $1,987,040 Cash Position (as at end o
Slide 7: CY2020: Increased Leverage of New Capacity & Capability
CY2020: INCREASED LEVERAGE OF NEW CAPACITY & CAPABILITY • Continuing cascade LED development with Bridgelux and other LED companies • Launch first laser diode products to market • Increase foundry revenue • Continue to explore novel applications for RPCVD • Further strengthen IP, patent portfolio 7
Slide 8: Managing Director's Report
MANAGING DIRECTOR’S REPORT Giles Bourne
Slide 9: Key Highlights FY2019/CY2019
KEY HIGHLIGHTS FY2019/CY2019 Research Phase Industry Collaboration and Development Commercialisation Phase DEC Tunnel junction patent granted Collaboration with AIXTRON on scaling RPCVD to JAN commercial sizes FEB RPCVD tunnel junction data presented to market Target announced of 10% performance imp
Slide 10: Commercial & Partner Engagements
COMMERCIAL & PARTNER ENGAGEMENTS • International leader in the development • World leader in micro-transfer printing • AIXTRON collaborating on scaling of performance, energy-efficient, cost- (μTP) technology RPCVD technology with collaborative effective LED solutions for the general • Using RPCVD t
Slide 11: Manufacturing Capacity and Capability
NEW MANUFACTURING LABORATORIES MANUFACTURING CAPACITY AND CAPABILITY $6 million in additional equipment and associated infrastructure SIGNIFICANT INCREASE IN RPCVD Semiconductor wafer growth under way in the first of two additional semiconductor deposition systems, the BLG-300II Second depositio
Slide 12: Go-to-Market Summary
GO-TO-MARKET SUMMARY Joint Dev/ Commercialisation & Development Program End Market Evaluation Foundry Manufacturing RPCVD TUNNEL JUNCTION TECHNOLOGY Bridgelux JDA US$6.1B in 20181 Continuing HB-LED collaboration discussions Multiple high-growth market segments Laser diode applications US$14B in
Slide 13: Laser Diode Development Progress & Path to Commercialisation
LASER DIODE DEVELOPMENT PROGRESS & PATH TO COMMERCIALISATION CY2019 CY2020 CY2021-25 Tunnel junction breakthrough: significant Demonstration of laser diode products LD market interest for RPCVD TJ LDs expected in 1H CY2020 Paul Dunnigan Laboratory opening: Laser diode product launch at key industry
Slide 14: BluGlass Laser Diode Supply Chain Proposition: Direct-to-Market
BLUGLASS LASER DIODE SUPPLY CHAIN PROPOSITION: DIRECT-TO-MARKET BLUGLASS TARGET OWNERSHIP OF SUPPLY CHAIN IN 2020 End-use Substrates from customer suppliers in Epitaxy System Wafer Japan BluGlass Die Fabrication Facet Coat Inspect/test/ship manufacturing Fabrication USA RPCVD MOCVD OEM integrator PR
Slide 15: BluGlass Laser Diode Product: Supply Roadmap & Timetable
BLUGLASS LASER DIODE PRODUCT: SUPPLY ROADMAP & TIMETABLE Product Roadmap - Task Market Segment 2020 2021 2022 2023 LASER DIODE PRODUCT DEVELOPMENT R&D devices T Industrial - high-power A P Industrial - high-power B T P BluGlass Laser Diodes Industrial - high-power C T P Other market segments T Other
Slide 16: Bringing Product & Technology Differentiation to Market
BRINGING PRODUCT & TECHNOLOGY DIFFERENTIATION TO MARKET Leveraged to large and Strong patent Breakthrough Multiple Experienced Board growing markets portfolio Australian technology commercialsation and management team poised for global paths impact RPCVD delivers 68 International Demonstrated Licens
Slide 17: Chief Operations & Technology Officer's Report
CHIEF OPERATIONS & TECHNOLOGY OFFICER’S REPORT Dr Ian Mann
Slide 18: Key Applications of RPCVD: BluGlass Technology Focus
KEY APPLICATIONS OF RPCVD: BLUGLASS TECHNOLOGY FOCUS RPCVD tunnel junction (TJ) for Low temperature p-GaN for long Cascade LED wavelength LED TJ for ITO replacement RPCVD for microLEDs RPCVD AlN for LED Applications RPCVD In-rich InGaN Low temperature p-GaN for sharp Mg diffusion GaN Laser Diode p-G
Slide 19: Key RPCVD Technical Highlights
KEY RPCVD TECHNICAL HIGHLIGHTS • RPCVD tunnel junction trials with LED manufacturer Bridgelux for general lighting applications • First demonstration of measurable cascade LED processed device with an RPCVD tunnel junction • Progress in development of RPCVD tunnel junction-based LEDs: o improved LED
Slide 20: The Active-As-Grown Tunnel Junction Breakthrough
THE ACTIVE-AS-GROWN TUNNEL JUNCTION BREAKTHROUGH Standard n++ GaN/p++ GaN Tunnel Junction Requirements: Buried activated p-GaN (difficult to achieve with MOCVD without additional costly fabrication steps) High doping capability for both p++ GaN and n++ GaN Sharp Mg dopant profile at tunnel jun
Slide 21: Technology Breakthrough – RPCVD Tunnel Junctions
TECHNOLOGY BREAKTHROUGH – RPCVD TUNNEL JUNCTIONS Successful demonstration of fabricated cascade LED devices with RPCVD tunnel junction Forward Device Voltage (V) V (blue MOCVD LED 2) Single Blue = Total 2.9 LED Cascade Blue V (RPCVD TJ) LED Voltage Cascade Blue 7.7 LED V (blue MOCVD LED 1) Single co
Slide 22: Green on Blue Cascade LED with RPCVD Tunnel Junction
GREEN ON BLUE CASCADE LED WITH RPCVD TUNNEL JUNCTION Proof of concept demonstrated BluGlass wafer level LED quick test of Green on Blue Cascade 2-colour cascade LED. Single device with two active regions, LED. The emission spectrum shows two peaks, one from the each emitting at different wavelength.
Slide 23: RPCVD Tunnel Junctions for LEDs – Latest Results
RPCVD TUNNEL JUNCTIONS FOR LEDs – LATEST RESULTS BluGlass has shown working RPCVD tunnel junction LEDs with improved light output when replacing the ITO contact. Progress has been made in reducing the overall LED voltage, improving the light output and achieving good uniformity for 2” wafers – furth
Slide 24: RPCVD Tunnel Junction Update
RPCVD TUNNEL JUNCTION UPDATE One approach to lower Vf: incorporating RPCVD InGaN in the tunnel junction n-GaN Polarisation engineered InGaN tunnel junction: n++ • Presence of InGaN layer induces polarisation effect that alters local electronic properties at the critical interface – leading to increa
Slide 25: RPCVD Tunnel Junctions for Laser Diodes
RPCVD TUNNEL JUNCTIONS FOR LASER DIODES One approach to lower Vf: incorporating RPCVD InGaN in the tunnel junction p-GaN n-GaN Replacement of highly-resistive p-AlGaN cladding Tunnel and p-GaN contact layers with low-resistance n-AlGaN p-AlGaN Junction TJ/n-AlGaN cladding and n-GaN contact layers. n
Slide 26: BluGlass Laser Diode Value Proposition: RPCVD-Enabled Diodes
BLUGLASS LASER DIODE VALUE PROPOSITION: RPCVD-ENABLED DIODES Description RPVCD MOCVD Active-As-Grown (AAG) Technology Unique technology advantage proprietary to BluGlass’ RPCVD deposition technology × • Higher LD brightness and efficiencies Higher performing devices • Reduced optical loss × • Lo
Slide 27: Customer Demonstration of RPCVD p-GaN for microLED Displays
CUSTOMER DEMONSTRATION OF RPCVD p-GaN FOR MICROLED DISPLAYS RPCVD p-GaN LED Structure p++ GaN RPCVD p-GaN EBL InGaN/GaN green MQW n-GaN MOCVD partial LED structure u-GaN buffer substrate X-Celeprint demonstrates a 2000 cd/m2 microLED display using RPCVD p-GaN: showing good colour uniformity, quantum
Slide 28: RPCVD microLED RGB Applications
RPCVD MICROLED RGB APPLICATIONS BluGlass continues to improve performance of its longer wavelength All RPCVD LEDs (p-GaN + MQW) grown on templates LEDs – critical for RGB microLED demonstrations for customers • Low temperature RPCVD p-GaN has significant potential to improve device performance in lo
Slide 29: BluGlass Facility Upgrade Completed
BLUGLASS FACILITY UPGRADE COMPLETED Existing RPCVD & MOCVD Labs Production Bay 1 now in use New Production Bay 2 (3 Prototyping Systems) (1 x RPCVD System) (1 x Production Scale RPCVD) Use: Use: Use: • 2 RPCVD system for process • RPCVD industry projects • RPCVD scaling development • Support hardwar
Slide 30: Scaling of RPCVD to the AIX-2800 G4 with AIXTRON
SCALING OF RPCVD TO THE AIX-2800 G4 WITH AIXTRON • Internal and internationally supported gas flow modelling studies on AIXTRON G4 platform for RPCVD implementation have led to a preferred initial chamber design. • The initial version of the upgrade seeks to use as many common parts as possible (to
Slide 31: Key RPCVD Tunnel Junction Technology Summary
KEY RPCVD TUNNEL JUNCTION TECHNOLOGY SUMMARY • Initial demonstration that RPCVD tunnel junctions can perform at high currents in a GaN laser diode structure • First BluGlass demonstration of a fully-processed (chip on wafer), measurable, functioning cascade LED. • Confirmation that BluGlass’ Activat
Slide 32: Questions
QUESTIONS
Slide 33: Appendix: Additional Investor Information
APPENDIX: ADDITIONAL INVESTOR INFORMATION www.bluglass.com.au Entering the Global Laser Diode Market, October 2019 Path to Commercialisation, September 2019 FY2019 Annual Report, September 2019 Interview with CEO Giles Bourne on Finance News Network 33 20 NOVEMBER 2019 BLUGLASS ANNUAL GENERAL MEETIN