Silex Systems Limited · ASX:SLX
Silex Systems — Shareholder Meeting (November 2012)
35 slides from Silex Systems's shareholder meeting presentation, Nov 20, 2012
Slide 1: Silex Systems Annual General Meeting
For personal use only Silex Systems Annual General Meeting 20 November 2012 Dr Michael Goldsworthy – CEO © Silex Systems Limited 2012
Slide 2: Forward Looking Statements
P2 Forward Looking Statements For personal use only Silex is a research and development Company whose assets include its proprietary rights in technologies, including but not limited to, the SILEX technology, Solar Systems technology, Translucent technology and ChronoLogic technology. Several of the
Slide 3: Disclaimer
P3 Disclaimer For personal use only Silex Systems Ltd (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 and/or its various business activities. Except as required by law, no represe
Slide 4: Corporate Overview
P4 1) Corporate Overview For personal use only Company Description • Silex Systems Limited is an ASX-listed company focussed on development and commercialisation of technologies across three platforms: • Nuclear Energy • Solar Energy • Advanced Materials & Instrumentation ASX Ticker: SLX Market Capi
Slide 5: Businesses
P5 Businesses For personal use only Silex Solar Systems Translucent Chronologic Systems Third generation laser Utility Scale Game changing Precision instrumentation uranium enrichment for Concentrating PV semiconductor and LED via distributed ‘USB-in nuclear power power generation substrate material
Slide 6: SILEX Uranium Enrichment Technology
For personal use only Section 2 SILEX Uranium Enrichment Technology © Silex Systems Limited 2012
Slide 7: Key Highlights - 2012
P7 Key Highlights - 2012 For personal use only US NRC Issued the Commercial Plant Licence on 25th September 2012 • Combined construction and operating license for the first planned commercial plant in Wilmington, North Carolina. Preliminary evaluation of opportunity for additional plant in Paducah,
Slide 8: Uranium Enrichment
P8 Uranium Enrichment For personal use only Uranium Enrichment Advantages of Laser Enrichment • Uranium must be enriched to work as fuel in a nuclear reactor • Breakthrough in efficiency - uses less energy • Process to enrich U235 isotope from 0.7% to ~5% • Smaller footprint than centrifuge and diff
Slide 9: Commercialisation and License Agreement
P9 Commercialisation and License Agreement For personal use only Exclusive Agreement • Exclusive worldwide commercialisation and license agreement for SILEX Uranium Enrichment Technology • Agreement originally with GE signed in 2006 51% 25% 24% Next Milestone Payments • USD 15 million due upon succe
Slide 10: GLE Commercial Facility - NRC Licence
P10 GLE Commercial Facility - NRC Licence For personal use only Commercial Facility Licence •US Nuclear Regulatory Commission (NRC) responsible for evaluating combined construction and operating license •Construction and operating license application submitted to NRC in July 2009 for the first propo
Slide 11: Approach to Commercialisation
P11 Approach to Commercialisation For personal use only GLE’s phased approach to commercialisation • Phase 1: Test Loop Program (well advanced) and NRC License (completed) • Phase 2: Engineering Design of full-scale commercial plant and evaluation of an initial commercial production module • Phase 3
Slide 12: Paducah Enrichment Plant Opportunity
P12 Paducah Enrichment Plant Opportunity For personal use only Preliminary evaluation of opportunity for additional plant in Paducah, Kentucky USA • GLE attended US Department of Energy’s July 2012 ‘Paducah Gaseous Diffusion Plant Industry Workshop’ – evaluation continuing • Continued operation of e
Slide 13: Nuclear Energy in the United States
P13 Nuclear Energy in the United States For personal use only 104 nuclear reactors in 31 states Current Reactors • 104 nuclear reactors operating in 31 states • ~27% of global nuclear energy capacity is in the US • ~20% of electricity in the US is generated from nuclear energy • Nuclear energy is th
Slide 14: Nuclear Energy Worldwide
P14 Nuclear Energy Worldwide For personal use only Global Issues Key Statistics • Energy security and Climate Change are key concerns 15 percent of global electricity of Governments and Utilities around the world 434 operating reactors • Nuclear ‘renaissance’ to continue despite short-term 64
Slide 15: Solar Systems: CPV Dish Technology and Utility Scale Projects
For personal use only Section 3 Solar Systems: CPV Dish Technology and Utility Scale Projects © Silex Systems Limited 2012
Slide 16: Key Highlights - 2012
P16 Key Highlights - 2012 For personal use only Completion of the Bridgewater Demonstration Plant • 16 Dish Array – 600kW max. power – officially opened 28 June 2012 Construction of Nofa (Saudi Arabia) Demonstration Plant • Huge opportunity in Saudi Arabia - USD$109bn government initiative to instal
Slide 17: Cutting-Edge Solar Technology – developed in Victoria, Australia
P17 Cutting-Edge Solar Technology – developed in Victoria, Australia For personal use only • Silex Systems invested in March 2010 • Core technology underwent major redesign – completed September 2012 • Manufacturing facility modified and commissioned – now in production © Silex Systems Limited 2012
Slide 18: Technology Background
P18 Technology Background For personal use only Key Characteristics • Utilises Multi-junction cells – from space/satellite industry • Current efficiency >40% (~ 2x efficiency of silicon cells, ~ 4x efficiency of thin film cells) with roadmap to >50% efficiency • Solar Systems unique dense array form
Slide 19: Product Commercialisation Plan – 2010 to 2015
P19 Product Commercialisation Plan – 2010 to 2015 For personal use only Phases & Funding Contributions • Phase 1 – Product Commercialisation Program: completed September 2012 Product Release Milestone: completed June 2012. Involved completion of the ‘Dense Array’ Dish Test System – 16 units instal
Slide 20: Current Development Pipeline
P20 Current Development Pipeline For personal use only Project Location Capacity Dishes Planning Construction Expected Commencement Completion Mildura (Stage 1) Victoria, Australia 1.5 MW 40 Completed Q2 FY 2012 Q4 FY 2013 Mildura (Stage 2) Victoria, Australia 100 MW ~ 3,000 Underway FY 2014 (est.)
Slide 21: LCOE Roadmap
P21 LCOE Roadmap Key Factors to Reduce Costs: For personal use only • Multi-junction cell technology – higher efficiency (>50% target in 3 years) & lower cost • System efficiency – reduce losses and increase power output (MWhrs per MW installed) • Manufacturing (Module / Receiver) – improve process
Slide 22: Bridgewater Test & Demonstration Facility
P22 Bridgewater Test & Demonstration Facility For personal use only Commissioned in June 2012 • Largest concentrating photovoltaic power station in Australia • 16 unit - 600 kW testing and demonstration facility • Real time data logging, reliability and performance testing • Will enable quick implem
Slide 23: Mildura Stage 1
P23 Mildura Stage 1 For personal use only 2011 – 2013: Construction Phase • 1.5MW DC CPV grid connected power plant (40 dish units) • Permits and approvals completed • Transmission Connection Agreement signed with Powercor • Site works commenced in December 2011 • Expect completion in mid-2013 • Fun
Slide 24: Mildura Stage 2 – 100MW Solar Power Station
P24 Mildura Stage 2 – 100MW Solar Power Station For personal use only 2012 – 2013: Planning & Preparation Activities • Final design for Stage 2 modular CPV power arrays • Evaluation of connection point to nearby grid line • Preliminary partner discussions (financing, construction, connection & trans
Slide 25: CPV vs PV – Basic Comparison
P25 CPV vs PV – Basic Comparison For personal use only Bridgewater Hervey Bay CPV Facility Hospital PV System Peak Power (@ module) ~ 600kWDC ~ 270kWDC Total Area (system) 2,000m2 1,670m2 Total Module Area 4m2 1,670m2 Concentration 500 x (future >1000 x) 1x Power Density (@ module) ~ 150,000 W/m2 ~
Slide 26: Translucent Advanced Materials Technology
For personal use only Section 4 Translucent Advanced Materials Technology © Silex Systems Limited 2012
Slide 27: Key Highlights - 2012
P27 Key Highlights - 2012 For personal use only Productisation of novel substrates nearing completion • Low cost substrates for Power Electronics, LED and CPV Solar industries well advanced • Expect first significant revenues in FY14 Australian Solar Institute Grant for Solar Cell Project • $2 milli
Slide 28: Rare Earth Oxide (REO) – Platform Technology
P28 Rare Earth Oxide (REO) – Platform Technology For personal use only Key Benefits Total Accessible Market $1.3 billion $300m • Several industries forced to use high-cost non-silicon substrates (eg $500m Germanium, Sapphire and Silicon Carbide) for high-end applications • Translucent’s innovative R
Slide 29: Technology Applications
P29 Technology Applications For personal use only GaN GaN MJ Layers cREOTM cREOTM cREOTM Silicon Silicon Silicon LED Lighting Power Electronics Solar CPV • Lowers cost compared to • Lowers cost compared to • Lowers cost compared to sapphire wafers sapphire wafers germanium wafers • Improves performa
Slide 30: Commercial Progress
P30 Commercial Progress For personal use only LED Lighting •Engaged with customers in USA and Asia •Strong demand to test Mirrored-Si™ wafers for LED fabrication •Initial commercial orders for sample evaluations (up to 150mm wafers) •Work continues for the development of 200mm wafers Power Electroni
Slide 31: ChronoLogic Instrumentation Technology
For personal use only Section 5 ChronoLogic Instrumentation Technology © Silex Systems Limited 2012
Slide 32: Key Highlights 2012
P32 Key Highlights 2012 For personal use only New (2nd Generation) Product Range Finalised • ‘DVI’ Product Range introduced (first product - Modular Oscilloscope released) • High performance 3rd Generation technology recently demonstrated Decision by Silex to Undertake Strategic Review of Business •
Slide 33: Chronologic Business Development Opportunities
P33 Chronologic For personal use only Business Development Opportunities • Chronologic has embarked on an exhaustive process to secure appropriate strategic partners • Strong interest from potential global commercial partners • Discussions with commercial companies regarding potential strategies – o
Slide 34: Corporate Outlook
P34 Corporate Outlook Sufficiently funded to execute commercialisation strategies For personal use only Tightly focused groups with strong leadership All four technologies moving into their commercialisation phases All four technologies have important value-adding milestones over the next ye
Slide 35: Thank you
For personal use only Thank you © Silex Systems Limited 2012