Slide 1: BluGlass Investor Presentation
For personal use only BLUGLASS INVESTOR PRESENTATION GILES BOURNE, CEO MARCH 2014 BLUGLASS PRESENTATION – JUNE 2012
Slide 2: Disclaimer
DISCLAIMER For personal use only This document has been prepared by BluGlass Limited to provide existing and prospective investors in BluGlass Limited with a summary of progress to date Any statements, opinions, or other material contained in this document do not constitute any commitments, repr
Slide 3: LEDs & the Environment
LEDS & THE ENVIRONMENT For personal use only IN THE US ALONE, LED LIGHTING WILL REDUCE ENERGY CONSUMPTION IN LIGHTING BY 62%; AND VOID THE NEED TO BUILD 133 NEW POWER PLANTS Veeco 2012 BLUGLASS PRESENTATION – JUNE 2012 3
Slide 4: Technology Overview
TECHNOLOGY OVERVIEW BluGlass is developing equipment and For personal use only processes to manufacture semiconductor devices such as LEDs, solar cells and power electronics based on GaN and related materials. This process, called remote plasma chemical vapour deposition (RPCVD) has the potential to
Slide 5: Business Overview
BUSINESS OVERVIEW For personal use only ASX MARKET CODE: CAPITALISATION $46.7M EST. BLG (As at 13 March 2014) 2006 BOARD OF DIRECTORS INTELLECTUAL PROPERTY • George Venardos 1 Provisional patent application Chairman • Dr. William Johnson 16 Pending patent applications (CEO, SPTS Technologies) 20 Int
Slide 6: Overview of LED Market
OVERVIEW OF LED MARKET MOCVD EQUIPMENT MARKET OVERVIEW LED LIGHTING MARKET GROWTH For personal use only MOCVD SALES 2010-2014E 14,000 $3.0bn $2.5bn 17% growth. Revenues ($millions) $2.0bn $1.5bn $1.0bn $0.5bn $0.0bn 2010 2011 2012 2013 2014 SOURCE: Semiconductor Today, August 2013 Major MOCVD Market
Slide 7: Other Markets for RPCVD
OTHER MARKETS FOR RPCVD For personal use only GLOBAL CPV FORECAST (MW) GaN POWER DEVICE FORECAST The power electronics market was worth US $20B in 2012. GaN use in power electronics The Concentrated Photovoltaic (CPV) was worth only $12.6m in 2012 market is expected to grow to 1.36GW by 2020. The Ga
Slide 8: RPCVD – Multiple End Markets
RPCVD – MULTIPLE END MARKETS For personal use only BLUGLASS PRESENTATION – JUNE 2012 8
Slide 9: Critical Path to Milestone
CRITICAL PATH TO MILESTONE For personal use only The key advantage of RPCVD is GaN growth at significantly lower temperatures than the industry standard MOCVD BluGlass has grown RPCVD p-GaN films with electrical properties equivalent to industry standard MOCVD films The next step is to demonst
Slide 10: Significant Progress
SIGNIFICANT PROGRESS For personal use only SEPTEMBER 2012 OCTOBER 2012 NOVEMBER 2012 PROOF OF CONCEPT Awarded a key patent for Impurity levels equal to n-GaN films with depositing metal nitride the industry standard electrical properties films process meeting industry benchmarks DECEMBER 2012 DECEMB
Slide 11: The LED Opportunity
For personal use only THE LED OPPORTUNITY The Solid State Lighting (SSL) market is projected to exceed US $13 Billion by 2017 – Strategies Unlimited January 2014 BLUGLASS PRESENTATION – JUNE 2012
Slide 12: The Limitations of Temp Growth
THE LIMITATIONS OF TEMP GROWTH For personal use only MOCVD CHALLENGES High temperature process limits MQW performance (active region of LED) Uses ammonia as nitrogen source – produces toxic waste High temperatures limit use of large silicon substrates BLUGLASS PRESENTATION – JUNE 2012 12
Slide 13: The Solution: Temp RPCVD
THE SOLUTION: TEMP RPCVD For personal use only RPCVD BENEFITS Low temperature ✓ process Potential performance ✓ advantages Lower cost inputs (nitrogen ✓ instead of ammonia) Substrate flexibility ✓ (sapphire, GaN and silicon) High potential for ✓ scalability BLUGLASS PRESENTATION – JUNE 2012 13
Slide 14: Brighter LEDs Milestone
BRIGHTER LEDS MILESTONE For personal use only BluGlass is targeting low temperature p-GaN as the first commercial opportunity LED STRUCTURE GROWN p-GaN GROWN USING MOCVD USING RPCVD RPCVD p-GaN grown at INTERMEDIATE p-GaN grown at LOW temperature to HIGH temperature Multi-Quantum-Well (MQW) InGaN la
Slide 15: A High Growth Market
A HIGH GROWTH MARKET For personal use only JP Morgan expects the LED industry and its equipment . . . driven by the rapid growth in demand suppliers to benefit from accelerating adoption of LEDs in general lighting from 2014. for LED in the general lighting market LED EQUIPMENT SPENDING LED LIGHTING
Slide 16: Silverwater Facility
SILVERWATER FACILITY For personal use only Thomas Swan-2 MOCVD system to be converted to RPCVD (19x2”) Thomas Swan-1 MOCVD system – commissioned in Nov 2013 (19x2”) 5th generation RPCVD system R&D (7x2”). 16 BLUGLASS PRESENTATION – JUNE 2012 16
Slide 17: Silverwater Facility
SILVERWATER FACILITY For personal use only 17 BLUGLASS PRESENTATION – JUNE 2012 17
Slide 18: Other Opportunities
For personal use only OTHER OPPORTUNITIES With the emergence of silicon as a viable alternative to traditional, expensive substrates for LEDs, CPV solar cells and power electronics; BluGlass is positioned to commercialise its ground breaking technology during a period of high market growth BLUGLASS
Slide 19: RPCVD for CPV (Solar)
RPCVD FOR CPV (SOLAR) CONCENTRATED PHOTOVOLTAICS (CPV) For personal use only The RPCVD low temperature process has potential to grow higher indium content InGaN than MOCVD BLUGLASS TECHNOLOGY RPCVD technology should be ideal for InGaN devices ✓ → Low temperature → High indium content InGaN → Scalabl
Slide 20: CPV Market Opportunity
CPV MARKET OPPORTUNITY For personal use only GLOBAL CPV INSTALLATION FORECAST (MW) The CPV market is expected to grow to 1.36GW by 2020 (IHS Inc). CPV continues to emerge as the most effective method to deliver large scale, cost effective renewable energy from the sun (Global Data). SOURCE: Chart -
Slide 21: RPCVD for GaN on Silicon
RPCVD FOR GaN ON SILICON LED and power device For personal use only manufacturers continue to look for ways to reduce cost GaN growth on large silicon (Si) wafers present opportunities of scale and use of existing silicon processing lines But thermal mismatch with MOCVD grown GaN on Si presents prob
Slide 22: Power Electronics Market
POWER ELECTRONICS MARKET For personal use only GaN POWER DEVICE FORECAST The GaN power electronics market is expected to grow at a CAGR of 63.78% The power electronics market was US $20B in over 10 years to $1.75B by 2022 2012. GaN use in power electronics is still in its infancy and had only $12.6m
Slide 23: Foundry Service Market
FOUNDRY SERVICE MARKET For personal use only Foundries grow specialty films for companies and/or R&D organisations BluGlass remains committed to commercialising RPCVD with its world class research lab and team BluGlass has multiple tools for producing niche products with MOCVD and soon RPCVD
Slide 24: Forward Strategy and Roadmaps
For personal use only FORWARD STRATEGY AND ROADMAPS 2013 was the most significant year to date for the Company and bodes well for an exciting 2014 as BluGlass evolves from a pure research and development company to one pursuing commercial and market goals. The next milestone to produce Brighter LEDs
Slide 25: Strategy for the Coming Year
STRATEGY FOR THE COMING YEAR For personal use only TECHNOLOGY MARKETS COMMERCIALISATION Meet milestones, beginning Continue to focus on Continue dialogue with LED with “Brighter LEDs” LED market as primary market leaders and learn from performance milestone entry point limited foundry work Accelerat
Slide 26: Increasing Capacity
INCREASING CAPACITY For personal use only BLUGLASS PRESENTATION – JUNE 2012 26
Slide 27: Development Roadmap
DEVELOPMENT ROADMAP For personal use only Industry Brighter LEDs Bring to Scale Acceptance BLUGLASS PRESENTATION – JUNE 2012 27
Slide 28: Development Roadmap
DEVELOPMENT ROADMAP For personal use only BLUGLASS PRESENTATION – JUNE 2012 28
Slide 29: Thank You
For personal use only THANK - YOU 74 Asquith Street, Silverwater, NSW, 2128 Australia P: +61 (0) 2 9334 2300 W: www.bluglass.com.au BLUGLASS PRESENTATION – JUNE 2012