Bluglass Ltd · ASX:BLG
Bluglass — Investor Presentation (February 2013)
28 slides from Bluglass's investor presentation, Feb 25, 2013
Slide 1: Investor Presentation
For personal use only INVESTOR PRESENTATION GILES BOURNE, CEO, BLUGLASS LIMITED FEBRUARY 2013 BLUGLASS PRESENTATION – JUNE 2012
Slide 2: Disclaimer
DISCLAIMER For personal use only This document has been prepared by BluGlass Limited to provide existing and prospective investors in BluGlass Limited with a summary of progress to date. Any statements, opinions, or other material contained in this document do not constitute any commitments, represe
Slide 3: Virtual Tour
VIRTUAL TOUR For personal use only 3 BLUGLASS PRESENTATION – JUNE 2012
Slide 4: AusIndustry Visit
AUSINDUSTRY VISIT For personal use only 4 BLUGLASS PRESENTATION – JUNE 2012
Slide 5: Fast Facts
FAST FACTS For personal use only ESTABLISHED 2006 ASX CODE BLG BOARD OF DIRECTORS George Venardos – Chairman Dr. William Johnson - SPTS President Chandra Kantamneni Greg Cornelsen MANAGEMENT TEAM Giles Bourne – CEO Dr. Ian Mann – CTO/COO Stuart Uhlhorn - CFO INTELLECTUAL PROPERTY 2 Provisional Paten
Slide 6: A Platform Technology
A PLATFORM TECHNOLOGY For personal use only 6 BLUGLASS PRESENTATION – JUNE 2012
Slide 7: The LED Opportunity
For personal use only THE LED OPPORTUNITY The Solid State Lighting (SSL) market is projected to exceed US $20 Billion by 2017 – Strategies Unlimited February 2013 BLUGLASS PRESENTATION – JUNE 2012
Slide 8: Potential Value Proposition of a Low Temperature Process
POTENTIAL VALUE PROPOSITION OF A LOW TEMPERATURE PROCESS For personal use only ✓ Low temperature process Potential performance ✓ advantages ✓ Low cost inputs ✓ Substrate flexibility ✓ High potential for scalability 8 BLUGLASS PRESENTATION – JUNE 2012
Slide 9: Potential Benefits of RPCVD for LED
POTENTIAL BENEFITS OF RPCVD FOR LED For personal use only A low temperature growth system such as RPCVD may offer LED manufacturers compelling performance advantages at several stages of device growth. Low temperature p-GaN is one area that BluGlass is presently focusing on LED STRUCTURE GROWN USING
Slide 10: Demonstration Planned for Low Temperature p-GaN
DEMONSTRATION PLANNED FOR LOW TEMPERATURE p-GaN For personal use only BluGlass is targeting low temperature p-GaN as the first commercial opportunity LED STRUCTURE GROWN p-GaN GROWN USING MOCVD USING RPCVD RPCVD p-GaN grown at INTERMEDIATE p-GaN grown at LOW temperature to HIGH temperature Multi-Qua
Slide 11: Target Market Features
TARGET MARKET FEATURES For personal use only BluGlass is targeting the high value / high MOCVD UNITS SHIPPED margin LED equipment market US$6.1Billion opportunity through to the end of the decade1 Veeco estimates ~400-800 machines shipped annually for LEDs to 20162 Two global (NASDAQ) MOCVD companie
Slide 12: Equipment Market Share
EQUIPMENT MARKET SHARE For personal use only The MOCVD market is highly concentrated and is currently dominated by two key players: Aixtron of Germany and Veeco of the USA Hefty Chinese EQUIPMENT MARKET SHARE government subsidies fuelled equipment sales from 2010 to 2011 and led to over supply in cu
Slide 13: Market Driver
MARKET DRIVER For personal use only “For the first time in 2012, general lighting became the largest market for packaged LEDs globally at US $3.1B. Meanwhile, global solid-state lighting (SSL) revenue grew from US $9.4B in 2011 to $11.8B in 2012, including replacement lamps and luminaires” Source: S
Slide 14: 2012 Technical Progress
For personal use only 2012 TECHNICAL PROGRESS The Company is now well positioned to take its recent results and data to leading participants in the LED industry to begin the process of commercialising the technology BLUGLASS PRESENTATION – JUNE 2012
Slide 15: Achieved Proof of Concept Milestone
ACHIEVED PROOF OF CONCEPT MILESTONE DEMONSTRATION OF INDUSTRY QUALITY n-GaN AND REDUCTION OF IMPURITIES For personal use only This is a significant step forward that BluGlass believes will help enable the demonstration of enhanced LEDs grown using RPCVD Reduction of impurities and demonstration of n
Slide 16: Achieved Proof of Concept Milestone
ACHIEVED PROOF OF CONCEPT MILESTONE For personal use only Room temperature Hall TYPICAL MOCVD RECENT RPCVD Measurement results of an n-GaN SPECIFICATION n-GaN DATA RPCVD n-GaN film grown on un-doped commercial MOBILITY ≥ 250 cm2/V.s 300 cm2/V.s GaN template - compared to a typical MOCVD grown FOR A
Slide 17: Significant New Intellectual Property
SIGNIFICANT NEW INTELLECTUAL PROPERTY For personal use only The extent of our intellectual property portfolio is visible testament that BluGlass is successfully breaking new ground towards RPCVD becoming a commercial reality Provisional Patents Technical advancements have resulted in two provisional
Slide 18: The Solar Opportunity
For personal use only THE SOLAR OPPORTUNITY RPCVD has great potential to grow high indium content InGaN when compared to MOCVD due to its low temperature process BLUGLASS PRESENTATION – JUNE 2012
Slide 19: What Is Concentrated Photovoltaics?
WHAT IS CONCENTRATED PHOTOVOLTAICS? For personal use only Concentrated Photovoltaics (CPV) is currently the most effective way to capture and convert large amounts of solar energy It works by focusing the suns rays onto a small area of high efficiency solar cell material. The power generated is far
Slide 20: Why InGaN for CPV?
WHY InGaN FOR CPV? For personal use only RPCVD has great potential to grow high indium content InGaN when compared to MOCVD due to its low temperature process High efficiency ✓ → Efficiencies over 50% possible BluGlass technology could be ideal for InGaN manufacture ✓ → Low temperature → High Indium
Slide 21: Why RPCVD for InGaN CPV?
WHY RPCVD FOR InGaN CPV? For personal use only BLUGLASS TECHNOLOGY ✓ Low temperature process ✓ Performance advantages ✓ Low cost inputs ✓ Substrate flexibility An InGaN solar cell can be tuned to absorb multiple wave lengths InGaN is a single material solution with the ✓ High potential for scalabili
Slide 22: CPV Market Forecast 2010-2015
CPV MARKET FORECAST 2010-2015 For personal use only Sources: 2007-2009 EPRI; 2010-2015 CPV Consortium 2010 Report 22 BLUGLASS PRESENTATION – JUNE 2012
Slide 23: Roadmaps to Market
For personal use only ROADMAPS TO MARKET BLUGLASS PRESENTATION – JUNE 2012
Slide 24: LED Roadmap
For personal use only 1 2 3 COMMISSION INSTALL FACILITIES NEXT MOCVD UPGRADE GENERATION MACHINE RPCVD PLATFORM 1 Deliver p-GaN 2 Brighter LEDs 3 Industry Acceptance 4 Bring to Scale DEMONSTRATE INCREASE LED RPCVD GROWN PRELIMINARY DEMONSTRATE EFFICIENCY USING p-GaN THAT MEETS INDUSTRY SCALABILITY OF
Slide 25: GaN on Silicon Roadmap
For personal use only 1 2 3 $ DEVELOP GaN ON DEMONSTRATE IMPROVED (over DEMONSTRATE COMMERCIALISE SILICON MOCVD) GaN GaN PROCESS ON GaN/Si NUCLEATION LAYER PROCESS ON 2” 8” SILICON WAFER TECHNOLOGY TECHNOLOGY SILICON WAFER
Slide 26: InGaN Solar Cell Roadmap
For personal use only 1 4 6 DEMONSTRATE HIGH PROTOYPE PROTYPE QUALITY InGaN THAT MULTI- InGaN ON JUNCTION MEETS INDUSTRY BENCHMARKS 3 SILICON SOLAR CELLS InGaN SOLAR $ CELL DEMONSTRATE COMMERCIALISE 2 p-InGaN 5 7 InGaN PV TECHNOLOGY DEMONSTRATE PROTOTYPE DEMONSTRATE HIGH IMPROVED (over InGaN ON EFFI
Slide 27: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only RPCVD developed in Australia Breakthrough Significant government support through major grants and tax ✓ Technology credits Superior performance potential for LED and PV devices Significant Enabled through BluGlass’ unique low temperature technology ✓ Advan
Slide 28: Thank You
For personal use only THANK - YOU 74 Asquith Street, Silverwater, NSW, 2128 Australia P: +61 (0) 2 9334 2300 W: www.bluglass.com.au BLUGLASS PRESENTATION – JUNE 2012