Slide 1: The next evolution of GaN laser technology
For personal use only The next evolution of GaN laser technology BluGlass Limited (ASX:BLG) April 2026 Capital Raising This presentation was approved for release by the Board of BluGlass
Slide 2: Forward looking statement
Forward looking statement 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
Slide 3: Executive Leadership
Executive Leadership Omer Granit Jim Haden Executive Chair BluGlass Executive Director & CEO For personal use only GP EnPar Capital • 20+ years of investment, M&A, management and entrepreneurial • 30+ years laser expertise and a proven track record experience transitioning advanced technology busine
Slide 4: BluGlass at a glance
BluGlass at a glance Proprietary gallium nitride (GaN) visible laser technology Long-term development contract with the US for next-generation defence, quantum, biotech markets Department of War, totalling AU$6.5 million World record single-mode GaN laser performance For personal use only 58 patents
Slide 5: Onshore strategic footprint
Onshore strategic footprint Sydney Epitaxy Fab Silicon Valley Wafer Fab Nashua Packaging Fab For personal use only Grows gallium nitride laser materials and Device fabrication and laser chip Speciality laser packaging facility – lasers provides foundry services to select manufacturing. Converts adva
Slide 6: Strong global tailwinds in defence & commercial laser market
Strong global tailwinds in defence & commercial laser market LASER SECTOR OUTPERFORMS MARKET (OCT ‘24 – DEC ‘25) Accelerated adoption of advanced laser LUMENTUM HOLDINGS For personal use only systems nLIGHT NC COHERENT CORP Modern conflicts and critical defence programs have NASDAQ demonstrated adva
Slide 7: Lasers are everywhere (2030 TAM $150B)
Intelligence Military Laser Systems 2025; Mordor Intelligence Medical Laser Market 2025; Future Market Insights Sat Laser Comm 2025; Verified Market Reports Solar PV Laser Scribing 2022; Mordor Intelligence Quantum Photonics 2025; Grand View Research Total LIDAR Source: Grand View Research Laser Pro
Slide 8: Near term opportunity: A$4.6B system-level market by 2030
Near term opportunity: A$4.6B system-level market by 2030 Addressing high-growth emerging markets with a common laser product platform For personal use only Defence & Quantum Biotech & Industrial & Aerospace Biomed Consumer microelectronics $800M $1.2B $800M $1B $800M UV Range IR Range <405 nm 405 n
Slide 9: Business model - Project-to-product commercialisation path
Business model - Project-to-product commercialisation path Project Revenues & NRE BluGlass Customers NRE and prototyping revenues from paid Multi-year follow-on For personal use only development projects. manufacturing contracts Government Agencies Defense Large-scale Primes Customers transition to
Slide 10: Project-to-product revenue pipeline & opportunity
29* project opportunities >US100M+ in project value For personal use only Defence Primes & subcontractors OEMs Government departments Disruptive startups Project-to-product revenue High-growth markets: pipeline & opportunity Defence, aerospace, quantum, consumer electronics, biomedical The project p
Slide 11: Industry challenge case study - BluGlass GaN laser solution
Industry challenge case study - BluGlass GaN laser solution Clear Air Turbulence (CAT): An invisible threat BluGlass technology reveals the invisible CAT continues to be one of the most dangerous and costly Visible GaN DFB lasers with high-power amplifiers enable aviation hazards for passenger safet
Slide 12: Revenue growth profile & cash traction (FY21 – FY25)
w Revenue growth profile & cash traction (FY21 – FY25) REVENUEREVENUE GROWTH GROWTH(exc. R&DTI) (exc. R&DTI) CASH RECEIPTS (exc. R&DTI) 6,000,000 $8,000,000 $7,000,000 For personal use only 5,000,000 $6,000,000 4,000,000 $5,000,000 3,000,000 $4,000,000 $3,000,000 2,000,000 $2,000,000 1,000,000 $1,00
Slide 13: Outlook & Catalysts
Outlook & Catalysts Recent Key Achievements Expected Milestones & Catalysts A$1.3m strategic collaboration with a Fortune 500 Convert opportunities from >US$100m Project Pipeline global mass-capacity data storage leader into contract wins with primes, OEMs, government announced 7 April 2026 agencies
Slide 14: Capital Raising
Capital Raising For personal use only BluGlass has received firm commitments to raise approximately A$8.0m via a two-tranche Placement
Slide 15: Investment Opportunity
Investment Opportunity A two-tranche placement to sophisticated and professional investors of A$8.0m, comprising: • Tranche 1 Placement to raise up to $5.6 million (before costs) through the issuance of up to approximately 23.5 million New Shares utilising the Company’s available placement capacity
Slide 16: Capital Raising Timetable
Capital Raising Timetable Key Dates For personal use only Trading Halt Thursday, 9th April 2026 Announcement of Capital Raising and return to trading on ASX Monday, 13th April 2026 Settlement of Tranche 1 of the Placement Thursday, 16th April 2026 Allotment and normal trading of Tranche 1 Placement
Slide 17: Why BluGlass?
Why BluGlass? For personal use only Well-positioned to capitalise on onshoring tailwinds as one of only two GaN companies with US manufacturing capabilities
Slide 18: Gallium Nitride lasers – strategic platform technology
Gallium Nitride lasers– strategic platform technology Why GaN? High energy photons interact with quantum materials, For personal use only Critical semiconductor material inaccessible using IR light underpinning next-generation photonics and Critical for diamond-based quantum sensors for ultra-precis
Slide 19: GaN lasers – underpinning emerging applications
GaN lasers – underpinning emerging applications Quantum Sensing Med-tech & Aerospace & Underwater & Computing Sanitization Atmospheric LiDAR Communication Emerging Technology For personal use only Platform VISIBLE GaN LIGHT Manipulates wide- Triggers necessary Scatters off air particles Blue light p
Slide 20: Why BluGlass?
Why BluGlass? Leaders in high-fidelity precision visible light Manufacturing flexibility Differentiated offearing focused on delivering precision BluGlass' laser offering addresses underserved markets and For personal use only power to enable high-performance next-generation wavelengths, delivered i
Slide 21: Refreshed Strategy
Refreshed Strategy For personal use only Broadening strategy to capture greater value share
Slide 22: Four pillar strategy to accelerate growth & value capture
Four pillar strategy to accelerate growth & value capture Grow GaN laser Expand Strategic industry M&A to integrate For personal use only 1 2 3 4 market share partnership with partnerships & tech upstream tech & US Govt leadership capabilities Continued execution Leverage US Strengthen strategic Int
Slide 23: 1. Grow GaN laser market share
1. Grow GaN laser market share For personal use only Pure-play World-leading Growing global manufacturer performance reputation Manufacturing flexibility, Precision, power and stability One of a few GaN laser agility and scalability manufacturers globally Approved supplier of US DoW Customisation ca
Slide 24: 2: Expand partnership with US Govt partnerships
2: Expand partnership with US Govt partnerships For personal use only CAPTURE DEFENCE, AEROSPACE & QUANTUM LASER MARKETS Capitalise on BluGlass' US Broaden partnerships with DoW and Become essential supplier of critical DoE to access transformative capital manufacturing footprint to secure multi- ne
Slide 25: 3. Strategic industry partnerships & tech leadership
3.Strategic industry partnerships & tech leadership Strengthen industry partnerships to rapidly bring new products to For personal use only market, establishing technology leadership in novel capabilities for next-generation applications ▪ University of California Santa Barbara (UCSB) ▪ Solid State
Slide 26: 4. M&A to integrate upstream tech & capabilities
4. M&A to integrate upstream tech & capabilities Capture defence Value chain and dual-use laser supply-chain in key SYSTEMS strategic allied Turnkey subsystems markets with material handling For personal use only SUB-SYSTEMS Vertically integrated US GaN laser champion Packaged modules and PICs with
Slide 27: Refreshed Board to deliver next phase of transformative growth
Refreshed Board to deliver next phase of transformative growth For personal use only Omer Granit Lucy Robb Vujcic Jim Haden Ata Gokyildirim Executive-Chair Non-Executive Director Executive Director Non-Executive Director Seasoned entrepreneur, Commercial barrister and Veteran laser expert with 30 Co
Slide 28: Leadership and Advisory
INDUSTRY ADVISORY BOARD Leadership and Advisory Steven DenBaars Prof. DenBaars is one of the world's foremost experts in GaN laser development and commercialisation. Co-founded Soraa MANAGEMENT TEAM Laser Diode and oversaw its acquisition by Kyocera Corporation for $450 million in 2021. Brad Siskavi
Slide 29: Outlook
Outlook For personal use only BluGlass is expanding its GaN laser Omer Granit portfolio to deliver next-generation solutions Executive-Chair for defense, aerospace, quantum, healthcare, and beyond
Slide 30: Summary: emerging tech, industry leadership, growing markets
Summary: emerging tech, industry leadership, growing markets Lasers are critical tech BluGlass is emerging as the industry leader Lasers sit at the heart of technological megatrends driving BluGlass' proprietary technology platform solves the toughest For personal use only global growth —from autono
Slide 31: Thank you
For personal use only Thank you
Slide 32: Appendix
For personal use only Appendix
Slide 33: Emerging markets growing faster than traditional segments
Emerging markets growing faster than traditional segments ACCELERATING Emerging & Premium Markets FORCES VISIBLE GaN AI & Quantum Visible light markets are For personal use only LIGHT growing at 2-4 times the Conventional Laser conventional market CAGR Market Defense & security to 2030 Post Pandemic
Slide 34: Products & Portfolio
Products & Portfolio BluGlass’ vertically integrated laser offering has been designed Flexible form factors will revolutionize to meet the market and solve our customers biggest challenges how our customer use GaN laser light Single emitters and Photonic Integrated Circuits Plug & Play & Custom Lase
Slide 35: Key Customers by segment
BLUGLASS TARGET MARKETS: Key Customers by segment INDUSTRIAL QUANTUM For personal use only GaN lasers are being adopted by DISPLAY (AR/VR) • IPGtechnology Photonics • TeraDiode (Panasonic) leaders • nLight • NUBURU (OPI) BIOTECH • LaserLine • Convergent Photonics -3D Systems • FormLabs • EOS DEFENSE
Slide 36: Key Risks
Key Risks Risk Risk Description Loss of key management BluGlass' ability to effectively execute its business strategy depends upon the performance and expertise of its key management personnel. Any loss of key management personnel, any delay in the replacement of any key management personnel, or any
Slide 37: International Offer Restrictions
International Offer Restrictions This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013 (New Zealand) (the “FMC Act”). The New Shares are not being offered or sold in New Zealand (or allotted with a view to b
Slide 38: International Offer Restrictions
International Offer Restrictions The New Shares have not been, and will not be, registered under the US Securities Act of 1933 or the securities laws of any state or other jurisdiction of the United States. Accordingly, United States the New Shares may not be offered or sold in the United States or