Bluglass Ltd · ASX:BLG
Bluglass — Shareholder Meeting (November 2017)
32 slides from Bluglass's shareholder meeting presentation, Nov 13, 2017
Slide 1: BluGlass Limited Annual General Meeting 2017
For personal use only BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017
Slide 2: Chairman Address: The BluGlass Vision
For personal use only CHAIRMAN ADDRESS: THE BLUGLASS VISION DR. WILLIAM JOHNSON BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017
Slide 3: Our Vision
OUR VISION Creating a brighter future, through the impacts of lower temperature RPCVD For personal use only BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017 —3—
Slide 4: The RPCVD Breakthrough
THE RPCVD BREAKTHROUGH RPCVD – Remote Plasma Chemical Vapour Deposition For personal use only BENEFITS Lower temperature manufacturing processes Lower cost inputs Higher performing devices More Environmentally friendly & sensitive BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETI
Slide 5: Introducing EpiBlu
INTRODUCING EPIBLU For personal use only BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017 —5—
Slide 6: Progress Towards Commercialisation
PROGRESS TOWARDS COMMERICALISATION For personal use only APPLICATIONS COLLABORATION PROGRESS COMMMERCIAL OUTCOMES/ REVENUE Blue LEDs BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017 —6—
Slide 7: The Year Ahead
THE YEAR AHEAD For personal use only Complete industry evaluations Select more partners/collaborators Generate and protect more IP Achieve commercial outcome BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017 —7—
Slide 8: Managing Director Address: 2017 Highlights & The Year Ahead
For personal use only MANAGING DIRECTOR ADDRESS: 2017 HIGHLIGHTS & THE YEAR AHEAD GILES BOURNE BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017
Slide 9: 2017 Highlights
2017 HIGHLIGHTS BluGlass has made significant technical progress in bringing RPCVD towards commercialisation For personal use only SEP 2016 OCT 2016 NOV 2016 DEC 2016 AUG 2017 SEP 2017 Upgraded RPCVD Successful capital raising: Enters into Exclusive Successful capital raising: Upgraded RPCVD Upgrade
Slide 10: IP Portfolio
IP PORTFOLIO Hardware & Process Patents For personal use only 47 GRANTED PATENTS 18 6 in key markets; PATENT PATENT China, Japan, USA APPLICATIONS FAMILIES & Europe BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017 — 10 —
Slide 11: Financial Performance
FINANCIAL PERFORMANCE For personal use only CURRENT POSITION FORECAST POSITION $9.09M $8.1M $480K $550K $2.1M RAISED IN BURN RATE/MONTH CUSTOM EPITAXY (FOUNDRY) ANTICIPATED R&D CASH POSITION UP BY 5.2% FROM $435K REVENUE FOR 2017 (UP 72% PLACEMENT & SPP DURING TAX REBATE TO BE RECEIVED IN AT 30 SEP
Slide 12: Lumileds quote on project progress
For personal use only “THE LUMILEDS / BLUGLASS PROJECT IS MAKING GOOD PROGRESS. WE REMAIN FULLY COMMITTED TO THIS KEY PROJECT” — LUMILEDS BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017 — 12 —
Slide 13: Lumileds Collaboration - Phase II Progress
LUMILEDS COLLABORATION - PHASE II PROGRESS Exclusive collaboration agreement with market leader—device manufacturer For personal use only RPCVD EVALUATION STATUS Collaboration is focused Phase I Complete on a novel application of RPCVD for LEDs Phase II progressing well PARTNERSHIP WITH WORLD Lumile
Slide 14: IQE Collaboration
IQE COLLABORATION Strategic Partnership with world leading foundry manufacturer of advanced semiconductor wafer products to the For personal use only global semiconductor industry Exclusive Collaboration Agreement to co-develop nitride films for a range of electronic devices on both silicon and IQE'
Slide 15: Veeco & HC Semitek Evaluations - Recently Recommenced
VEECO & HC SEMITEK EVALUATIONS – RECENTLY RECOMMENCED RPCVD EVALUATION STATUS For personal use only Positive initial 2 inch trials for green LEDs Recently upgraded BLG-300 with RPCVD EVALUATION WITH LED Power uniformity over 4 & 6“ wafers has Electronics WORLDS LARGEST MOCVD enabled this evaluation
Slide 16: EpiBlu - Custom Epitaxy Service Business
EPIBLU – CUSTOM EPITAXY SERVICE BUSINESS For personal use only Multiple customers Growing pipeline of new customers Providing both MOCVD & RPCVD services Conducting services for green and blue LEDs, power electronics, and laser diodes BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL M
Slide 17: End Markets: LED
END MARKETS LED For personal use only 10.4% The LED market is expected to experience CAGR of 10.4% through to 2025 $63.2B LED revenues are expected to reach $63.2 billion by 2025 Source: Research and Markets Report Global Light-Emitting Diodes (LED) Market Analysis & Trends - Industry Forecast to 20
Slide 18: 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 $2.6B The GaN and SiC power electronics market is expected to be worth $2.6B by 2022 GaN for power semiconductors is expected to grow at ~90% CAGR to 2022 So
Slide 19: Path to Market
PATH TO MARKET BluGlass continues to be active in all four segments of its path to market For personal use only BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017 — 19 —
Slide 20: Conclusion: Investment Highlights
CONCLUSION INVESTMENT HIGHLIGHTS For personal use only LED, Power & Sales from Solar Services Disruptive Multiple, Well funded, High end A team with global Multiple platform growing end approaching service leading expertise in awards & technology markets commercialisation capability semiconductors g
Slide 21: Chief Operations & Technology Officer Address: Significant Technical Progress in 2017
CHIEF OPERATIONS & TECHNOLOGY OFFICER ADDRESS: For personal use only SIGNIFICANT TECHNICAL PROGRESS IN 2017 DR. IAN MANN BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017
Slide 22: Lumileds Phase II and Other Industry Collaborations
LUMILEDS PHASE II AND OTHER INDUSTRY COLLABORATIONS Lumileds pleased with progress For personal use only and are committed to project A number of iterations of BluGlass wafers have been fabricated at Lumileds Both RPCVD systems with the latest chamber design are delivering on technical roadmap for L
Slide 23: BLG-300 RPCVD Chamber Upgrade - Thickness Uniformity Improvement
BLG-300 RPCVD CHAMBER UPGRADE – THICKNESS UNIFORMITY IMPROVEMENT 19x2” 5x4” 2x6” For personal use only 19x2” inner ring 19x2” outer ring WAFER DIAMETER 2” (OUTER) 2” (INNER) 100 mm 150 mm 2017 CHAMBER (THICKNESS STD DEV %) 1.1 3.3 2.6 3.4 2016 CHAMBER (THICKNESS STD DEV %) 6.8 7.8 10.9 -- BLUGLASS B
Slide 24: BluGlass Custom Epitaxial Services
For personal use only BLUGLASS CUSTOM EPITAXIAL SERVICES Targeting strategic customers requiring both RPCVD and MOCVD combined BluGlass has repeat customers developing applications in both LEDs and Laser Diodes BluGlass has enhanced several demonstrators using our in-house RPCVD and MOCVD capabiliti
Slide 25: RPCVD Technology Development Areas
For personal use only RPCVD TECHNOLOGY DEVELOPMENT AREAS BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017 — 25 —
Slide 26: RPCVD p-GaN for E-mode HEMTs - Collaboration with Veeco
RPCVD p-GaN FOR E-MODE HEMTs – COLLABORATION WITH VEECO RPCVD VS. MOCVD p-GaN: For personal use only Mg DIFFUSION IN HEMTs p-GaN (GaN:Mg) RPCVD Regrowth interface 3 nm GaN cap Al0.23Ga0.77N Barrier Commercial GaN Channel 150mm C-GaN HEMT on Si<111> Graded AlxGax-1N wafer AlN layer (MOCVD) MOCVD 150
Slide 27: Key Demonstrator: RPCVD p-GaN + MOCVD for Green LEDs
KEY DEMONSTRATOR: RPCVD p-GaN + MOCVD FOR GREEN LEDs LED STRUCTURE GROWN p-GaN GROWN use only USING MOCVD USING RPCVD RPCVD p-GaN grown at INTERMEDIATE p-GaN grown at LOW temperature to HIGH temperature Multi-Quantum-Well (MQW) InGaN layer, Multi-Quantum-Well (MQW) InGaN layer, For personal the ACTI
Slide 28: Key Demonstrator: RPCVD p-GaN + MOCVD for Green LEDs
KEY DEMONSTRATOR: RPCVD p-GaN + MOCVD FOR GREEN LEDs ** For personal use only 1.3 1.3 3.3 6.2 3.5 3.1 3.7 4.6 525 514 511 508 35 28 31 33 1.6 1.9 4.5 8.1 3.9 3.0 3.6 4.5 525 515 512 510 33 30 30 33 * MOCVD data from best results for complete LED structure grown ** Both RPCVD and MOCVD data obtained
Slide 29: Key Demonstrator: RPCVD p-GaN + RPCVD MQWs for RGB LEDs
KEY DEMONSTRATOR: RPCVD p-GaN + RPCVD MQWs FOR RGB LEDs LED STRUCTURE GROWN p-GaN & MQW GROWN MOCVD use only USING MOCVD USING RPCVD p-GaN grown at INTERMEDIATE p-GaN grown at LOW temperature to HIGH temperature RPCVD Multi-Quantum-Well (MQW) InGaN layer, Multi-Quantum-Well (MQW) InGaN layer, For pe
Slide 30: Key Demonstrator: RPCVD MQWs for RGB LEDs
KEY DEMONSTRATOR: RPCVD MQWs for RGB LEDs RPCVD MQW BASED LED 2016 RPCVD MQW BASED LEDs 2017 For personal use only To attract further industry interest Micro-LED players have shown interest At 100 mA: in RPCVD capability for blue, green, BluGlass continues to enhance the RPCVD capability yellow and
Slide 31: Key Demonstrator: RGB RPCVD for Micro-LEDs and Solar Applications
KEY DEMONSTRATOR: RGB RPCVD FOR MICRO-LEDS AND SOLAR APPLICATIONS EL SPECTRA OF LEDs GROWN USING RPCVD MQWS Preliminary RPCVD For personal use only demonstration of RGB LED capability RPCVD MQW capability is Normalized Intensity also a key step to the realisation of high efficiency solar cells throu
Slide 32: Thank You
For personal use only THANK YOU bluglass.com.au BLUGLASS BLUGLASS LIMITED ANNUAL LIMITED GENERAL GENERAL ANNUAL MEETING 2017 MEETING 2017