Slide 1: BluGlass Annual General Meeting 2016
For personal use only 2016 BluGlass Annual General Meeting MONDAY 21 NOVEMBER 2016 BLUGLASS LIMITED ANNUAL GENERAL MEETING 2016
Slide 2: The Year in Review
For personal use only THE YEAR IN REVIEW George Venardos, Non-Executive Chairman BLUGLASS LIMITED ANNUAL GENERAL MEETING 2016
Slide 3: Corporate Overview
CORPORATE OVERVIEW For personal use only BOARD SHAREPRICE CORPORATE AWARDS & as at 18 Nov. 2016 GRANTS Established George Venardos Chairman 2013 2006 Australian Cleantech Competition Winner & 2013 Australian Cleantech Competition Bill Johnson Manufacturing Award Non Executive Director GLOBAL TOP 30
Slide 4: 2016 Has Been a Transformative Year
For personal use only “2016 HAS BEEN A TRANSFORMATIVE YEAR IN THE DEVELOPMENT & COMMERCIALISATION OF THE RPCVD TECHNOLOGY” BLUGLASS LIMITED ANNUAL GENERAL MEETING 2016 —4—
Slide 5: 2016 Highlights
2016 HIGHLIGHTS BluGlass has made significant technical progress in bringing RPCVD towards commercialisation For personal use only NOV 2015 Tier 1 LED company MAR 2016 APR 2016 SEP 2016 OCT 2016 approached BluGlass SPT Micro- Successful capital Upgraded RPCVD Successful capital to explore RPCVD for
Slide 6: Foundry Update
FOUNDRY UPDATE For personal use only Multiple foundry customers Growing pipeline of new customers Providing both MOCVD & RPCVD services Conducting services for green and blue LEDs, power electronics, and laser diodes The foundry business continues to expose BluGlass to new and emerging applications.
Slide 7: Patents
PATENTS Hardware & Process Patents For personal use only 42GRANTED 23 6 PATENTS PATENT PATENT in key markets; APPLICATIONS FAMILIES China, Japan, USA & Europe BLUGLASS LIMITED ANNUAL GENERAL MEETING 2016 —7—
Slide 8: Financial Performance
FINANCIAL PERFORMANCE For personal use only CURRENT POSITION FORECAST POSITION $1.9M $5M $435K $2.1M $2M RAISED IN BURN RATE/MONTH ANTICIPATED R&D TAREGETED VIA 2016 CASH POSITION DOWN FROM $450K TAX REBATE TO BE OCTOBER SPP CURRENTLY AT END OF SEP MONTH IN 2016 RECEIVED IN 2016 UNDER OFFER PLACEMEN
Slide 9: The Year Ahead
For personal use only THE YEAR AHEAD Giles Bourne, Managing Director BLUGLASS LIMITED ANNUAL GENERAL MEETING 2016
Slide 10: The BluGlass technology is truly unique
“THE BLUGLASS For personal use only TECHNOLOGY IS TRULY UNIQUE. IT IS HIGHLY RELEVANT FOR DEVICE PERFORMANCE IMPROVEMENT” — INDUSTRY SOURCE BLUGLASS LIMITED ANNUAL GENERAL MEETING 2016 — 10 —
Slide 11: Lumileds Collaboration Continues to Make Progress
LUMILEDS COLLABORATION CONTINUES TO MAKE PROGRESS World leading LED company evaluating RPCVD For personal use only NOV 15 MAR 16 OCT 16 OCT 16 FUTURE INITIAL EVALUATION BLUGLASS & LUMILEDS BLUGLASS COMPLETES BLUGLASS & LUMILEDS COMPLETE PHASE II OF OF RPCVD ENTER EXCLUSIVE DELIVERY OF PHASE 1 ENTER
Slide 12: Lumileds Collaboration Enters Phase II
LUMILEDS COLLABORATION ENTERS PHASE II Exclusive collaboration agreement with market leader—device manufacturer For personal use only RPCVD Evaluation STATUS BluGlass has successfully Collaboration is focused delivered the technical on a novel application milestones of Phase I of the of RPCVD for LE
Slide 13: HC Semitek Collaboration
HC SEMITEK COLLABORATION Collaboration Agreement with Leading Chinese LED Device Manufacturer For personal use only Collaborative evaluation with leading Chinese LED manufacturer Targeting enhanced performance and lower cost LEDs using RPCVD LEADING CHINESE HC Semitek will evaluate two LED COMPANY E
Slide 14: Veeco Evaluation Entered Next Iteration
VEECO EVALUATION ENTERED NEXT ITERATION For personal use only RPCVD Evaluation STATUS Positive initial 2 inch trials for green LEDs Worlds largest MOCVD LED equipment Now progressing to 4 inch trials and greater collaboration manufacturer Initial materials evaluation of NASDAQ: VECO p-GaN for power
Slide 15: Progress Towards Commercialisation
PROGRESS TOWARDS COMMERICALISATION APPLICATION / DEMONSTRATE For personal use only PARTNER COLLABORATION REVENUE COMMENTS TECHNOLOGY APPLICATIONS PHASE I PHASE II Successful completion Exclusive Novel of Phase 1 LED Applications Phase 2 Commenced Good progress producing fully Green LEDs packaged LED
Slide 16: RPCVD a Platform Technology
RPCVD A PLATFORM TECHNOLOGY BluGlass is targeting the rapidly expanding LED, PV, and Power Electronics markets For personal use only Lighting Mobile devices & TVs $216B LED Global revenue from LED Green & yellow LEDs lighting systems is expected to total $216 billion through to 2024 UV LEDs Consumer
Slide 17: Path to Market
PATH TO MARKET For personal use only GROW FOUNDRY BUSINESS GAIN INDUSTRY DRIVE DEMONSTRATE ACCEPTANCE COMMERCIALISATION KEY APPLICATIONS Continue to work with MOCVD & RPCVD customers Complete industry BluGlass is evaluating a Improve device at the leading edge of evaluation with multiple number of c
Slide 18: End Markets: LED
END MARKETS LED For personal use only 45% The LED lighting market is anticipated to grow 45% per year through 2020 $216B Global revenue from LED lighting systems is expected to total $216 billion through to 2024 Source: Navigant Research BLUGLASS LIMITED ANNUAL GENERAL MEETING 2016 — 18 —
Slide 19: End Markets: Power Electronics
END MARKETS POWER ELECTRONICS The Power Electronics markets also presents a growing opportunity for the RPCVD technology For personal use only $2.5B The GaN and SiC power electronics market is expected to be worth $2.5B by 2023 The emerging global market for SiC and GaN power electronics is expected
Slide 20: Facility and World Leading Team
FACILITY AND WORLD LEADING TEAM For personal use only 1,200m2 FACILITY in Sydney, Australia 12 Process Hardware & Device Team 9PhDs Currently generating REVENUE from custom epitaxy & contract R&D BLUGLASS LIMITED ANNUAL GENERAL MEETING 2016 — 20 —
Slide 21: Conclusion: Investment Highlights
CONCLUSION INVESTMENT HIGHLIGHTS For personal use only LED, Power & Foundry Solar sales Disruptive Multiple, Well funded, High end foundry A team with global Multiple platform growing end approaching & service leading expertise in awards & technology markets commercialisation capability semiconducto
Slide 22: Technology Review
TECHNOLOGY REVIEW For personal use only DR IAN MANN, CHIEF OPERATIONS & TECHNOLOGY OFFICER BLUGLASS LIMITED ANNUAL GENERAL MEETING 2016
Slide 23: Lumileds Collaboration – Phase I
For personal use only LUMILEDS COLLABORATION – PHASE I The initial collaboration involved materials testing of RPCVD wafers grown entirely at BluGlass which was successfully completed in Oct 2016 The Phase I demonstration of RPCVD involved delivering technical milestones and advantages previously un
Slide 24: Lumileds Collaboration – Phase II
For personal use only LUMILEDS COLLABORATION – PHASE II Phase II will now involve the integration of RPCVD with Lumileds LEDs for the development of novel LEDs This will involve full device fabrication at Lumileds and performance testing. Phase II requires development effort by BluGlass and Lumileds
Slide 25: HC Semitek Collaboration
HC SEMITEK COLLABORATION For personal use only RPCVD AlN ON PATTERNED SAPPHIRE FOR HIGH PERFORMANCE LEDs HC Semitek have fabricated fully packaged LED devices using the RPCVD AlN 4” wafers with very encouraging results Further optimisation experiments are underway RPCVD pGaN FOR HB GREEN LEDs HC Sem
Slide 26: Veeco Evaluation
VEECO EVALUATION RPCVD p-GaN FOR GREEN LEDs AND POWER For personal use only ELECTRONICS Experiments have resulted in positive performance of RPCVD Veeco has expressed the need for larger deposition area demonstration prior to engaging their customers BluGlass is pursuing, for example, a demonstratio
Slide 27: RPCVD Scaling Project
RPCVD SCALING PROJECT For personal use only All of BluGlass industry engagements and ultimately for successful commercialisation requires a successful performance demonstration that RPCVD is scalable In 2015, BluGlass designed new chambers for each of the two RPCVD platforms used in the Sydney facil
Slide 28: BluGlass Foundry Services
BLUGLASS FOUNDRY SERVICES For personal use only Targeting strategic customers requiring both RPCVD and MOCVD combined BluGlass has repeat customers developing applications in both LEDs and Laser Diodes BluGlass has recently focused on developing several demonstrators using our in-house RPCVD and MOC
Slide 29: Key Demonstrator: RPCVD p-GaN + MOCVD for LEDs
KEY DEMONSTRATOR: RPCVD p-GaN + MOCVD for LEDs RPCVD GaN:Mg (p+ cap) 20 nm Green and Blue partial LED For personal use only structures were grown by GaN:Mg (p-GaN) 120 nm BluGlass using MOCVD. Regrowth interface The partial LEDs were then Last QB MOCVD MQW STRUCTURE completed by overgrowing InGaN/Ga
Slide 30: Key Demonstrator: Basic properties and preliminary full RPCVD LED
KEY DEMONSTRATOR: Basic properties and preliminary full RPCVD LED To attract further industry For personal use only interest BluGlass continues to enhance the RPCVD capability RPCVD GaN microLED players have shown interest in RPCVD capability for blue, green, yellow and red LEDs for 500nm display ap
Slide 31: Key Demonstrator: RPCVD AlN on 4” wafers for LEDs
Key Demonstrator: RPCVD AlN on 4” wafers for LEDs GaN:Mg (p+ cap) 20 nm A thin RPCVD AlN NL was MOCVD Blue LED For personal use only grown on 100mm (4”) GaN:Mg (p-GaN) 120 nm Patterned Sapphire EBL Substrates (PSS) InGaN/GaN MQW These wafers were then GaN:Si overgrown with MOCVD u-GaN buffer Blue LE
Slide 32: RPCVD Demonstrator: p-GaN on MOCVD HEMT for Power Electronics
RPCVD DEMONSTRATOR: RPCVD p-GaN on MOCVD HEMT for Power Electronics SIMS: RPCVD p-GaN on MOCVD 2-DEG (BLG-300) RPCVD p-GaN use only 1E+21 1.E+06 Secondary ion intensity (counts/second) Al 2DEG Mg MOCVD 1E+20 1.E+05 GaN H GaN NL and Buffer (Atoms/cm3) 1E+19 1.E+04 2” c-plane Sapphire personal 1E+18 C
Slide 33: Thank You
For personal use only THANK YOU bluglass.com.au BLUGLASS LIMITED ANNUAL GENERAL MEETING 2016