Dynasil Corp Of America · OTC:DYSL
Dynasil Corp Of America — Shareholder Meeting (February 2018)
38 slides from Dynasil Corp Of America's shareholder meeting presentation, Feb 22, 2018
Slide 1: Annual Meeting of Stockholders
Dynasil Corporation of America Annual Meeting of Stockholders Peter Sulick, Chairman, President and CEO February 22, 2018
Slide 2: Forward-Looking Statements
2 Forward - Looking Statements The statements made in this presentation which are not statements of historical fact are forward looking statements within the meaning of Section 27 A of the Securities Act of 1933 and Section 21 E of the Securities Exchange Act of 1934 . Forward - looking statements i
Slide 3: Corporate Objectives - Ongoing
3 Corporate Objectives - Ongoing 1. Continued growth in Optics revenue through organic growth and opportunistic acquisitions. 2. Conversion of job shop revenue stream across the Optics companies to more predictable, longer term, recurring revenue. • 2018 launch of HEAR/IR business • 2018 launch of o
Slide 4: Financial Summary Fiscal Year 2017 vs. 2016
4 Financial Summary Fiscal Year 2017 vs. 2016 Revenue decreased from $43.4 million in fiscal 2016 to $37.3 million in 2017. • Optics revenue decreased 19%, from $23.7 million to $19.3 million. (Details to follow, but essentially one customer.) • Contract Research revenue decreased 9 %, from $19.8 mi
Slide 5: Fiscal Year 2017 Performance
5 Fiscal Year 2017 Performance EMF – Revenue growth in HUD Hilger – Continued support for CsI and LYSO product development Loss of orders from largest customer for a large part of the year. Returning for 2018. RMD – Significant impact from the change in presidential administrations resulting in fund
Slide 6: Debt
6 Debt Total Debt Dec. 2012: $11.5 M Dec. 2016: $3.5 M Total Debt Dec. 2012: $11.5 M Dec. 2017: $3.2 M
Slide 7: 2017 Objectives and Results
7 2017 Objectives and Results 1. Actively bidding on optical assembly business which could add both substantial revenue and profitability, as well as move the company “up the food chain ”. • No business procured for 2017 but a prototype assembly operation is being launched during 2018. 2. Launching
Slide 8: 2017 Objectives and Results (continued)
8 2017 Objectives and Results (continued) 4. Commercial revenue growth for RMD expected to double this year and again double over the next two years. • Commercial Revenue tripled for 2017. • 2018 looks like an off year. There are substantial opportunities, but the timing is conditional on government
Slide 9: The Future: 2018 - 2019
9 The Future: 2018 - 2019 • Launch and procure business for both the HEAR/IR and Optics assembly business. • Processes and equipment necessary for HEAR/IR to be procured and installed by the third quarter of 2018. • Continued development of a long - term strategic plan. • Continued support of Xcede
Slide 10: Dynasil Annual Stockholders' Meeting - Xcede
10 Dynasil Annual Stockholders’ Meeting February 22, 2018 Linda Zuckerman, Ph.D. President & CEO
Slide 11: Where we stand today....
Where we stand today.... "
Slide 12: Focus
Focus Our Vision: Dedicated to the development and commercialization of innovative surgical, hemostatic, trauma, and sealant products Our Strengths: Experienced Management Strong Strategic Partners Unique Technology Deep Pipeline Large Markets Intellectual Property (IP) Protection Our Goal: Bring su
Slide 13: Xcede Corporate Accomplishments 2017
Xcede Corporate Accomplishments 2017 Increased cash runway: Managed costs to remain 30% under budget Evaluated in - licensing and out licensing opportunities: Increased Xcede’s visibility in market as a “player” to be watched Intellectual Property: Awarded 3 patents for Tissue Patch and Adhesive fam
Slide 14: Xcede Patch Accomplishments 2017
Xcede Patch Accomplishments 2017 PreClinical : Completed Efficacy and Safety Testing of the Xcede Patch Manufacturing at Cook Biotech Inc: Validated Good Manufacturing Practices (GMP) Regulatory: Submitted Xcede Patch dossier to the Medical Research Ethics Committee in Netherlands for clinical trial
Slide 15: Xcede Hemostatic Patch for Mild to Moderate Bleeding
Xcede Hemostatic Patch for Mild to Moderate Bleeding “To Do” List: □ Dose first patient □ Complete Trial Enrollment □ Submission for CE Marking □ Hire EU VP of Sales & Marketing □ Develop EU launch plan □ Identify EU distributor Europe (EU) United States (US) “To Do” List: □ Submit FDA pre - sub mee
Slide 16: Hemostatic Markets and Xcede Patch Positioning
16 Hemostatic Markets and Xcede Patch Positioning
Slide 17: Key Players and Forces in the Market (US and EU)
Key Players and Forces in the Market (US and EU) Hemostasis Portfolio Companies (multiple product configurations) □ Johnson and Johnson □ Baxter Hemostasis Product Companies (limited product configurations) □ Becton Dickenson (BARD acquisition) □ Pfizer □ Mallinckrodt □ Biom’Up Up and coming entrant
Slide 18: RMD Highlights
RMD Highlights Kanai Shah, Ph.D. President February 21, 2018
Slide 19: Fiscal Year 2017 Review
Fiscal Year 2017 Review 19 Closed f iscal year 2017 at ~ $18 million Product sales in fiscal year 2017 at ~$1.8 million ( 3 times product sales in fiscal year 2016) Budget for fiscal year 20 18 similar to fiscal year 20 17 Have current backlog of ~$30+ m illion Continued push for strategic bidding,
Slide 20: Current Development Projects of Interest
Current Development Projects of Interest 20
Slide 21: UV-Emitting Nanoparticles for Targeting Hypoxic Tumors
21 Nearly two - thirds of all cancer patients will receive radiation therapy Radiation kills cancer cells by damaging their DNA by: • Creating oxygen free radicals that damage DNA • As the cancer grows inner regions are depleted of oxygen • These regions may still contain viable cancer cells • These
Slide 22: Standoff Detection of HEU using Advanced Scintillators
22 Standoff Detection of HEU using Advanced Scintillators Advanced Scintillator Detector Array Threat: • From 1993 to 2013, sixteen incidents involving highly enriched uranium associated with illegal activity has been reported to the IAEA. • The loss and deployment of 25 kg of weapon’s grade highly
Slide 23: Enabling 3rd Generation HgCdTe Infrared Array
23 Enabling 3 rd Generation HgCdTe Infrared Array (IRFPA) Space IR Telescope Tactical Night Vision Courtesy: Teledyne Courtesy: US Army • RMD has developed an ALD process for passivating HgCdTe sensors with semiconductor - grade CdTe layer • ALD coating is conformal, continuous and pinhole - free
Slide 24: HSS Scintillator Screens for High Speed X-ray Imaging
HSS Scintillator Screens for High Speed X - ray Imaging • High Speed Scintillator = “HSS“ • Fast decay time allows 500k frames per second imaging speeds • RMD has set up fabrication/manufacturing lab on - site • Screens being delivered to Arnold Air Force Base • Developing a system for backscatter i
Slide 25: Flexible ECT Sensors for Air Force Turbofan Inspection
Flexible ECT Sensors for Air Force Turbofan Inspection RMD completed microFlex Ribbon sensor design and array probe for pocket inspection of the Pratt & Whitney 3 rd integrally bladed rotor of the F119 engine Delivered flexible array sensor for GE turbofan cusp inspection proprietary 25
Slide 26: TlBr Cherenkov Light Detection for Fast Timing
26 TlBr Cherenkov Light Detection for Fast Timing T= 370 ps
Slide 27: HiRIS - High Resolution Imaging System's CsI-SiPM Modules
HiRIS - High Resolution Imaging System’s CsI - SiPM Modules • HiRIS project, started in Fall 2015, Spectral Labs Inc. subcontracted RMD to design & build CsI - SiPM modules. • RMD provided 20 prototypes in August 2016 for critical design review • RMD prototypes outperformed two well - known competit
Slide 28: Dynasil Optics
Dynasil Optics Gary J. Bishop, Ph.D. Executive Vice President, Photonics
Slide 29: Dynasil Optics Capabilities
Dynasil Optics Capabilities ▪ Optical Coatings x Diamond - Like Carbon x High - Efficiency Anti - Reflection x Precision Optical ▪ Fused silica fabrication ▪ Holographic recording (replication) ▪ Mechanical rulings ▪ Optical component manufacturing ▪ Photolithography Products ▪ Beamsplitters ▪ Custo
Slide 30: 2018 New Initiatives
2018 New Initiatives Anti - Reflective Infrared Optics ▪ $3.5 billion market serving the defense, automotive and industrial industries ▪ Investing in capital equipment and hired key industry veterans with over 30 years experience to exploit poorly served market ▪ Dynasil’s value proposition to custo
Slide 31: New Initiatives: Infrared Optics Target Markets and Products
New Initiatives: Infrared Optics Target Markets and Products Applications/Products Infrared Thermal Imaging Optoelectronics Plano Windows Meniscus Lenses Aspheric Lenses Fixed Focus Assemblies Continuous Zoom Lenses Automotive Defense/Aerospace 31
Slide 32: New Initiatives: Develop Capability to Produce Optical Assemblies
New Initiatives: Develop Capability to Produce Optical Assemblies ▪ Upgrade existing facility to allow Dynasil to manufacture optical components and basic optical assemblies ▪ Planned facility upgrades: • Build out clean space assembly floor • HEPA filtered room • Laminar flow benches (ISO 5, Class
Slide 33: Example Optical Assembly for Night Vision Binoculars
New Initiatives: Example Optical Assembly for Night Vision Binoculars 33
Slide 34: Ongoing Initiatives: New e-Commerce Website
Ongoing Initiatives: New e - Commerce Website Launched e - commerce enabled website ▪ Consolidated multiple websites under www.Dynasil.com ▪ Offering our range of filters, gratings, monochromaters , coated optics and fused silica products direct to end users for the first time ▪ Building inventory t
Slide 35: Ongoing Initiatives: Optical Material Precision Blank Fabrication
Ongoing Initiatives Optical material precision blank fabrication ▪ Strong 2018 demand primarily driven by electronics industry ▪ Used in the manufacturing of electronics, lasers, optical components, scientific instruments, semiconductors, telecom equipment, and an assortment of energy and aerospace
Slide 36: Ongoing Initiatives: Precision Optical Coating
Ongoing Initiatives Precision Optical Coating ▪ World leader in medical intraoral mirrors ▪ EMF awarded “Gold Standard Supplier” by Edmund Optics, leading purveyor of optics, imaging and photonics technologies ▪ Supply cold mirrors for automotive and defense heads up displays (HUD) ▪ Coated Palomar
Slide 37: Questions
37 Questions
Slide 38: Annual Meeting of Stockholders
Dynasil Corporation of America Annual Meeting of Stockholders Peter Sulick, Chairman, President and CEO February 22, 2018
Dynasil Corp of America — Shareholder Meeting (February 2018) on 6ix