Bluglass Ltd · ASX:BLG
Bluglass — Investor Presentation (September 2019)
29 slides from Bluglass's investor presentation, Sep 18, 2019
Slide 1: Path to Commercialisation
BLUGLASS (ASX:BLG) For personal use only PATH TO COMMERCIALISATION SEPTEMBER 2019
Slide 2: Forward
FORWARD For personal use only This document has been prepared by BluGlass Limited to provide readers with an update of the Company and the Company’s technology. Any statements, opinions, technical data and information, or other material contained in this document, do not constitute commitments, repr
Slide 3: Corporate Overview
For personal use only OVERVIEW CORPORATE
Slide 4: Investment and Corporate Summary
INVESTMENT AND CORPORATE SUMMARY Breakthrough Several For personal use only Leveraged to large and Strong patent Experienced Board and Australian technology poised commercialisation management team growing markets portfolio for global impact paths BluGlass’ proprietary 68 International Patents Demon
Slide 5: High-Growth & Large End Markets
HIGH-GROWTH & LARGE END MARKETS For personal use only Global LED market (packaged Global Laser Diode market Global Micro LED market LEDs) Global Global Laser The emerging packaged LED Diode market is microLED market was predicted to market from worth reach near $0 base is expected to $16.7B $14.6B r
Slide 6: Company Timeline
COMPANY TIMELINE Fundamental Research Phase Industry Collaboration and Development Phase Commercialisation Phase For personal use only ESTABLISHMENT STRATEGIC PARTNER PROOF-OF-CONCEPT AIXTRON RPCVD FIRST PAUL DUNNIGAN SCALING MILESTONE BluGlass spun-out of Joint Venture with SPTS MILESTONES COLLABOR
Slide 7: Significant Progress in 2019 – Recent News
For personal use only SIGNIFICANT PROGRESS IN 2019 – RECENT NEWS
Slide 8: Bridgelux Joint Venture Agreement
BRIDGELUX JOINT VENTURE AGREEMENT BluGlass and Bridgelux to co-develop RPCVD cascade LEDs for the general lighting market For personal use only Bridgelux is an international leader in the development of high-performing, energy-efficient, cost-effective LED solutions for the general lighting market,
Slide 9: BluGlass Opens New Manufacturing Laboratories
BLUGLASS OPENS NEW MANUFACTURING LABORATORIES BluGlass formally opens new laboratories to expand RPCVD development and commercialisation operations For personal use only SIGNIFICANT INCREASE IN RPCVD MANUFACTURING New laboratories represent an investment of $6 million in additional equipment and ass
Slide 10: AIXTRON Collaboration & Scaling Project
AIXTRON COLLABORATION & SCALING PROJECT BluGlass is collaborating with global equipment leader, AIXTRON, to scale the technology and as a potential equipment partner For personal use only BluGlass has entered into a collaboration with global equipment leader, AIXTRON SE (FSE: AIXA) DEVELOPING OUR TU
Slide 11: X-Celeprint Manufactures Active Matrix MicroLED Display with RPCVD
X-CELEPRINT MANUFACTURES ACTIVE MATRIX MICROLED DISPLAY WITH RPCVD For personal use only Successful customer prototype of RPCVD p-GaN in high-performance microLED applications BluGlass’ foundry customer X-Celeprint deploys RPCVD to deliver active matrix X-CELEPRINT AN EARLY ADOPTER OF RPCVD FOR micr
Slide 12: Key Tunnel Junction Patent Awarded in US – IP Update
KEY TUNNEL JUNCTION PATENT AWARDED IN US – IP UPDATE For personal use only • Our Intellectual Property portfolio is a critical foundation for our future commercial success and underpins our licensing-based business model • In July 2019 BluGlass was awarded a key US Patent for buried activated p-GaN
Slide 13: Technology Advantage – High-Brightness Laser Diodes
TECHNOLOGY ADVANTAGE – HIGH-BRIGHTNESS LASER DIODES RPCVD-grown Laser Diodes provide a pathway towards higher power, higher brightness and lower cost. Expansion of the GaN portion of the industrial For personal use only cutting/welding, display, automotive and biotech market segments will hinge upon
Slide 14: Significant Progress Across Milestones in 2019
SIGNIFICANT PROGRESS ACROSS MILESTONES IN 2019 For personal use only Continue to advance our market Grow our strategic & revenue generating applications with collaboration partners service business, EpiBlu Enter new collaboration and evaluation agreements Deliver facility upgrade and commission the
Slide 15: The Technology
For personal use only THE TECHNOLOGY
Slide 16: BluGlass RPCVD Technology
BLUGLASS RPCVD TECHNOLOGY For personal use only RPCVD (Remote Plasma Chemical Vapour Deposition) – A Breakthrough Alternative for the Manufacture of Semiconductor Materials Lower-temperature manufacturing processes, several hundred degrees cooler than the incumbent, MOCVD Higher-performing devices,
Slide 17: Competitive Advantage
COMPETITIVE ADVANTAGE RPCVD has the following advantages over the industry incumbent technology: For personal use only Description RPVCD MOCVD Lower cost inputs RPVCD does not rely on high volume of expensive and toxic ammonia for nitrogen sources ✓ × Lower temperature RPVCD has a lower temperature
Slide 18: Targeting a Performance Improvement of Greater Than 10%
TARGETING A PERFORMANCE IMPROVEMENT OF GREATER THAN 10% For personal use only BluGlass’ RPCVD breakthrough in tunnel junctions for cascade LEDs is targeting: An improvement in light output of greater than 10% LED industry competitiveness, market LUMENS share and product innovation is largely driven
Slide 19: Addressing One of the Biggest LED Industry Challenges
ADDRESSING ONE OF THE BIGGEST LED INDUSTRY CHALLENGES For personal use only Efficiency droop is a major issue for High Brightness LED applications Peak Efficiency Desired driving current for peak EQE LED EFFECIENCY Actual Driving Current needed to achieve High Brightness RPCVD ‘Active as-grown’ (AAG
Slide 20: Path to Commercialisation
For personal use only PATH TO COMMERCIALISATION
Slide 21: A Platform Technology with Multiple Markets
A PLATFORM TECHNOLOGY WITH MULTIPLE MARKETS BluGlass’ patented RPCVD semiconductor manufacturing technology has demonstrated R&D results, showing competitive advantages with potential application in multiple high-growth LED market segments For personal use only RPCVD TECHNOLOGY & APPLICATIONS MULTIP
Slide 22: How BluGlass Addresses the Market
HOW BLUGLASS ADDRESSES THE MARKET BluGlass will target business opportunities in the global photonics industries as follows: For personal use only • Higher margin, lower volume opportunity RPCVD licence • Large opportunity: potential to EpiBlu RPCVD foundry fees and royalties negotiate multiple lice
Slide 23: Go-to-Market Summary
GO-TO-MARKET SUMMARY Joint Dev/Foundry Commercialisation & Development Program End Market Evaluation Customers Manufacturing For personal use only RPCVD TUNNEL JUNCTION TECHNOLOGY Bridgelux Joint Development Agreement for General Lighting Market • Non-exclusive JDA US$ 6.1B in 20181 ✓ • Development
Slide 24: Go-to-Market Summary
GO-TO-MARKET SUMMARY Joint Dev/Foundry Commercialisation & Development Program End Market Evaluation Customers Manufacturing For personal use only RPCVD EQUIPMENT AIXTRON collaboration & scaling project • EU-based leading global equipment manufacturer • Collaborating on scaling and evaluating perfor
Slide 25: Go-to-Market Summary
GO-TO-MARKET SUMMARY Joint Dev/Foundry Commercialisation & Development Program End Market Evaluation For personal use only Customers Manufacturing OTHER APPLICATIONS IQE Foundry • Continuing joint development ✓ Leading Integrated Device Manufacturer (IDM) • Testing technology in confidential applica
Slide 26: Financial Summary
FINANCIAL SUMMARY • BluGlass is now primed to commercialise its patent-protected RPVCD technology, having built the required foundation for market entry For personal use only • Capital expenditure due to facility upgrade, increases in R&D, patent applications and trademark compliance costs led to an
Slide 27: BluGlass Now Benefits from Expanded Facility and Capacity
BLUGLASS NOW BENEFITS FROM EXPANDED FACILITY AND CAPACITY For personal use only Existing RPCVD & MOCVD Labs New Production Bay 1 New Production Bay 2 (3 Prototyping Systems) (1 x RPCVD System) (1 x Production Scale RPCVD) • 2 RPCVD system for process • Commissioned in July 2019 • RPCVD scaling devel
Slide 28: Summary: Investment Highlights
SUMMARY: INVESTMENT HIGHLIGHTS For personal use only BluGlass’ patented RPCVD semiconductor manufacturing technology has demonstrated R&D results, showing competitive advantages with potential application in multiple high-growth LED market segments: High-brightness and general LED Automotive microLE
Slide 29: Thank You
For personal use only THANK YOU Giles Bourne, Managing Director BluGlass Limited (ASX:BLG) admin@bluglass.com.au www.bluglass.com.au