NanoFlex Power Corporation · OTC:OPVS
NanoFlex Power — Investor Presentation (March 2016)
29 slides from NanoFlex Power's investor presentation, March 2016
Slide 1: Your perception of solar is obsolete
é NANOFLEX > POWER CORPORATION Your perception of solar is obsolete. March 2016 CONFIDENTIAL 1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation may contain forward-looking information about NanoFlex Power Corporation, a Florida corporation and its wholly-owned subsidiary, Global Photonic Energy Corporation, a Pennsylvania corporation (collectively, the “Company”). All statements other than statem
Slide 3: Company Snapshot
COMPANY SNAPSHOT NanoFlex Power Corporation develops advanced solar technologies which enable high performance thin films for ubiquitous solar power. Extensive foundational intellectual property with >130 issued/pending U.S. patents, plus foreign counterparts. Commercializing two distinct technology
Slide 4: Major Messages
MAJOR MESSAGES Executing first major joint development agreement with leading GaAs solar manufacturer to commercialize NanoFlex’s cost reduction technology JDA aims to bring ultra-high performance GaAs to solar markets at costs that are estimated to be >90% lower than current GaAs solar cells
Slide 5: Gallium Arsenide Solar Technology: Ultra-High Efficiency Thin Films
GALLIUM ARSENIDE SOLAR TECHNOLOGY ULTRA-HIGH EFFICIENCY THIN FILMS Unmanned Aerial Vehicle with Flexible, Ruggedized Solar Sheet on GaAs Solar Cells Space-Constrained Commercial Rooftop Source: SolAero Technologies (L); CoolFlatRoof.com (R) March 2016 CONFIDENTIAL 5
Slide 6: First Major Development Agreement Signed with GaAs Solar Cell Leader
FIRST MAJOR DEVELOPMENT AGREEMENT SIGNED WITH GaAs SOLAR CELL LEADER Validates NanoFlex’s GaAs technology & begins commercialization of cost-competitive GaAs thin films for aerospace & terrestrial markets. Partner is a world leader in GaAs solar cells, powering >160 space missions JDA signals re
Slide 7: Low Cost, High Power Thin Films Would Open and Expand New Solar Markets
LOW COST, HIGH POWER THIN FILMS WOULD OPEN & EXPAND NEW SOLAR MARKETS What if you could bring the ultra-high efficiency of GaAs solar cells to terrestrial applications by making it cost competitive… …and in extremely thin and flexible form factors? Source: University of Michigan, NanoFlex Power Marc
Slide 8: NanoFlex's Patented Technology Enables GaAs Thin Films at Breakthrough Prices
NANOFLEX’S PATENTED TECHNOLOGY ENABLES GaAs THIN FILMS AT BREAKTHROUGH PRICES Reduce GaAs solar cell cost by >90% by re-using the GaAs parent wafer via Non-Destructive Epitaxial Lift Off (ND-ELO). Potential to reuse the same parent wafer 100s of times! Source: University of Michigan March 2016 CONFI
Slide 9: ND-ELO Process Validation on GaAs Solar Cell
ND-ELO PROCESS VALIDATION ON GaAs SOLAR CELL Lifted-off Thin-film Cleaned Parent Wafer 5nm Pristine parent wafer surface after protection layer removal -5nm RMS : 0.5nm (069xt) Source: NanoFlex Power, University of Michigan March 2016 CONFIDENTIAL 9
Slide 10: Mini-Concentrators Bring Diffuse Light into These High Performance GaAs Cells
MINI-CONCENTRATORS BRING DIFFUSE LIGHT INTO THESE HIGH PERFORMANCE GaAs CELLS Enabling energy harvesting in diffuse light further reduces cost by using less semiconductor material in the cell. Compound Parabolic Concentrator NanoFlex Mini-Integrated Concentrator Array (CPC) (“MICA”) CPC Wide accepta
Slide 11: Wafer Reuse, MICA, and Efficiency Gains Break the Cost Curve on GaAs
WAFER REUSE, MICA, & EFFICIENCY GAINS BREAK THE COST CURVE ON GaAs $50.02/W 1 2 3 NanoFlex’s NanoFlex’s Efficiency ND-ELO MICA gains drive process concentration costs below reduces drives >85% the DOE’s cost by further cost $0.52/W >90% reduction price target $3.88/W $0.49/W $0.41/W Notes: Projectio
Slide 12: NanoFlex GaAs Thin Films Dramatically Outperform in Demanding Applications
NANOFLEX GaAs THIN FILMS DRAMATICALLY OUTPERFORM IN DEMANDING APPLICATIONS Ultra-high efficiency in a lightweight and flexible thin film unlocks sizable markets for mobile power and BIPV. 2.3x higher power per m2 2.2x higher power per kg NanoFlex 30 MICA Ultra-High Efficiency Rooftop Application Not
Slide 13: Highly Competitive Cost Structure Presents Attractive Margin Potential
HIGHLY COMPETITIVE COST STRUCTURE PRESENTS ATTRACTIVE MARGIN POTENTIAL NanoFlex’s GaAs cost breakthroughs create the highest performance thin film at the lowest cost. 80% margin potential at competitor prices 80% margin potential $0.41 NanoFlex 30 MICA Ultra-High Efficiency Rooftop Application Notes
Slide 14: GaAs Thin Film Technology Evolution, Value Creation and Market Expansion
GaAs THIN FILM TECHNOLOGY EVOLUTION, VALUE CREATION & MARKET EXPANSION 4 Step-change cost Next Generation reduction for broader ND-ELO market entry Integrated Low-Cost 3 Solar Tracking Increases energy production density for 50x ND-ELO with Mini-Concentrators BIPV & BAPV 2 5x ND-ELO Achieves cost st
Slide 15: Organic Photovoltaics (OPV): Aesthetic, Semi-Transparent Thin Films
ORGANIC PHOTOVOLTAICS (OPV) AESTHETIC, SEMI-TRANSPARENT THIN FILMS Tinted, Semi-Transparent OPV Solar Thin Films PV Curtain Wall by BISEM at Guardian Industries Science and Technology Center in Detroit, Michigan March 2016 CONFIDENTIAL 15
Slide 16: OPV Is a Close Cousin of the Highly Successful OLED
OPV IS A CLOSE COUSIN OF THE HIGHLY SUCCESSFUL ORGANIC LIGHT EMITTING DIODE (OLED) Similar to OLEDs, NanoFlex OPVs use small organic molecules, but instead of emitting light, they absorb light to generate electricity. Samsung Galaxy S6 Edge LG 55” OLED LG Chemical flexible OLED with OLED display tel
Slide 17: NanoFlex's OPV Technology
NANOFLEX’S OPV TECHNOLOGY With various colors, transparencies & form factors, OPV thin films are ideally suited for encapsulation within windows & glass assemblies for high-quality aesthetic applications. NanoFlex Tinted OPV Cells OPV Window Structure Application Concepts Onyx Solar PV Skylight & So
Slide 18: Aesthetic and Flexible Form Factor OPV Unlocks New Markets for Solar Power
AESTHETIC & FLEXIBLE FORM FACTOR OPV UNLOCKS NEW MARKETS FOR SOLAR POWER “High quality transparent PV is the holy grail of the BIPV world.” - Greg Kiss of Kiss + Cathcart, Architects Full range of colors, transparencies & architectural shapes Generate sufficient power to drive toward zero net co
Slide 19: The Recognized Leader in OPV
THE RECOGNIZED LEADER IN OPV NanoFlex has rights to the most extensive IP portfolio covering small molecule OPV and its devices have achieved best-in-class performance. 15 15 Power Conversion Eff. (%) Moleucle Small Molecule NanoFlex’s NFP - single NanoFlex – Single Junction multi-junction OPV NanoF
Slide 20: OPV Transforms the Cost Curve for Solar with Roll-to-Roll Processing
OPV TRANSFORMS THE COST CURVE FOR SOLAR WITH ROLL-TO-ROLL PROCESSING 1 2 3 Low materials Roll-to-roll Conversion costs processing efficiency $1.03/W creates improvements breakthrough drive further cost structure cost reduction $0.27/W $0.23/W References: National Renewable Energy Laboratory, NanoFle
Slide 21: Market Development Strategy: From High Value to High Volume
MARKET DEVELOPMENT STRATEGY: FROM HIGH VALUE TO HIGH VOLUME Initial focus on high value applications … GaAs starts with aerospace & specialty field applications OPV starts with BIPV glazing applications Consumer Gallium Arsenide Low-cost, flexible semi-transparent OPV Rooftop (OPV) or high Gallium A
Slide 22: Net Zero Building Regulations Drive Demand for Flexible BIPV Solutions
NET ZERO BUILDING REGULATIONS DRIVE DEMAND FOR FLEXIBLE BIPV SOLUTIONS Global BIPV installations expected to increase from 1.6 GW in 2014 to more than 2.6 GW in 2019. - BCC Research March 2016 CONFIDENTIAL 22
Slide 23: NanoFlex Technologies Are Key Enablers to Creating Net Zero Energy Buildings
NANOFLEX TECHNOLOGIES ARE KEY ENABLERS TO CREATING NET ZERO ENERGY BUILDINGS Ultra-high efficiency GaAs & high quality aesthetic OPV empower surfaces on buildings where solar is not currently practical, increasing total energy harvesting. Source: BISEM BISEM Net Zero EnvelopeTM March 2016 CONFIDENTI
Slide 24: NanoFlex Holds Key Patents on Materials, Architectures and Processes
NANOFLEX HOLDS KEY PATENTS ON MATERIALS, ARCHITECTURES AND PROCESSES Exclusive rights to an extensive portfolio of issued/pending U.S. patents (plus foreign counterparts) covering all aspects of our breakthrough technologies. Fullerene acceptors Multi-junction organic solar cell Scalable growt
Slide 25: Commercialization and Monetization Strategy
COMMERCIALIZATION & MONETIZATION STRATEGY Capital efficient business model based on joint development, licensing, & fabless manufacturing with major industry partners. Product Prototypes & Fabless Invention License Development Demos Production Research Labs NanoFlex Engineering Manufacturing Fabs Pr
Slide 26: Activities and Milestones Next Months
ACTIVITIES & MILESTONES NEXT 12 MONTHS Prioritizing the commercialization of NanoFlex’s GaAs thin film technology in the near-term, with a transition from research to development activities. Complete GaAs joint development & sign license agreement with partner Receive government funding for GaAs
Slide 27: The NanoFlex Team
THE NANOFLEX TEAM Management Team 35 years experience financing & developing technology opportunities; prev Dean L. Ledger Co-Founder, CEO, Director Director & EVP at Universal Display Corporation (Nasdaq: OLED) Executive Vice President, Private law practice; General Counsel & Director for privately
Slide 28: Investment Highlights
INVESTMENT HIGHLIGHTS Solar power has only scratched the surface of its total opportunity due to limitations of existing technologies in addressing BIPV applications Executing first major joint development agreement (JDA) to commercialize NanoFlex’s revolutionary GaAs technology NanoFlex-enabl
Slide 29: March 2016 CONFIDENTIAL
OTCQB: OPVS Dean L. Ledger Chief Executive Officer (480) 585-4200 dledger@nanoflexpower.com March 2016 CONFIDENTIAL 29