Slide 1: Changing the game of Digital Conductive Printed Electronics
pvnanocell Changing the game of Digital Conductive Printed Electronics How Electronic Devices are Produced through Sicrys™ Inks February 2017
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements. All statements other than statements of historical fact contained in this presentation are forward-looking statements. In some cases, you can identify forward-looking statements by words such as “believe.” “continue,” “estimatey’ “an
Slide 3: A New Era of Electronics
A New Era of Electronics PV Nano Cell is leading the way into a new era of electronics: smaller, thinner, lighter, flexible, customized, lower costs... enabling Additive Digital Printing Processes in the mass production manufacturing process of electronic devices with its conductive Sicrys™ inks. Si
Slide 4: Market Opportunity
Market Opportunity A printer is only as good as the ink put into it! Opportunity: Additive Digital Printing e.g. Flexible, 25D, 3D and custom ized electronics with conductive traces (including copper and silver) at commercial speeds and quality is a multi-billion dollar market opportunity Issue: Cop
Slide 5: Sicrys Ink Applications
Sicrys™ Ink Applications Sicrys™ inks are currently used for the following mass production applications (beta sites): loT / loE Printing for mobile phones = Antenna approx. $0.5 B ink market = Touch screens @PTOMEC Printed Electronics = Flexible and customized electronics — approx. $2.0 B ink market
Slide 6: PVN's Solution: Sicrys Inks
PVN's Solution: Sicrys™ Inks Copper Nano Particles = Sicrys™ a platform technology based on the new single crystal Nano metal particles cu f111) = 70-80 nm (D50) nano particles have been developed in silver and copper, which are formulated into inks = Utilizing Sicrys™ inks digital conductive printi
Slide 7: Manufacturing Electronic Devices
Manufacturing Electronic Devices Photolehography Traditional Production Methods — Analog Technologies with Long Setup = Photolithography is the standard method of PCB and in electronic devices fabrication: = Multi step process = Most of the materials are overall etched or striped and thrown away cre
Slide 8: PV Nano Cell Vision
PV Nano Cell Vision Sicrys™ Additive Digital Mass Production Printing Processes Sicrys™ inks, silver and copper: = Additive digital manufacturing (inkjet, airbrush...). = Mass production compatible inks. = High quality. = Competitive pricing. = Unique Products solar cell metallization and copper ink
Slide 9: Enhanced Inkjet Conductive Inks Portfolio
Enhanced Inkjet Conductive Inks Portfolio = Silver Inks —- most common metal for conductive inks = Copper Inks — unique offering by PV Nano Cell = Nano copper inks provide substantial cost savings without reduced performance = Metal costs reduced to 1/80 - 1/100 in copper relative to silver based in
Slide 10: Additive Digital Manufacturing Challenges
Additive Digital Manufacturing Challenges = Current Inks, equipment (printers and post treatments) and processes are not compatible with Additive Digital Mass Production manufacturing = Key Problems Identified: = Conductive inks re] 8 ® Inks are not compatible with mass production process (stability
Slide 11: Integrated Business Model
Integrated Business Model = PVN provides a Complete Solution Approach Targeting mass production applications Application Printers, equipment and Customer process Building and implementing “razorblade” model in printed electronics Single crystal conductive low cost & high quality nano inks — Sicrys™
Slide 12: Integrated Business Model: Printers
Integrated Business Model: Printers = PVN in contact with a wide network of OEMs in the digital printing field including printer and printer head producers = In partnership with printer manufacturers, PVN is working to deliver a “complete solution approach” to customers in the following fields: = Pr
Slide 13: Integrated Business Model: Beta Sites
Integrated Business Model: Beta Sites PCB = Beta site: purchased and delivered Orbotech printer to a customer in Israel (November 2016). = Negotiating with a printer producer in Korea and a customer in Germany for second site. ‘One Layer PCB Market (estimated) 2016 Total m? 50 68 55 v3 Estimated Med
Slide 14: Integrated Business Model: Beta Sites
Integrated Business Model: Beta Sites Solar Cells (Photovoltaics) = Digital printing to replace screen printing process of solar cells. = Meyer Burger (PixDro-Roth & Rau; Europe) has developed a mass production digital printer for printing solar cells. = Beta site: Optimizing PVN inks and process wi
Slide 15: Intellectual Property
Intellectual Property PVN IP Sicrys™ inks: = Copper WO PCT/1B2015/051536 (WO2015132719) — National phase. = Silver WO PCT/US2011/063459 (WO2012078590) — National phase. = Patents granted in USA (9,556,350), Russia (RU 2593311) and China (CN 103282969). = Patents submitted (Silver and copper: = UK(10
Slide 16: Competitive Landscape
Competitive Landscape Sicrys™ inks compared to other silver and copper inks: = Better price. vain seaieg, 4 = Robust high throughput, 24/7 printing. = Low viscosity at 50% (and higher) metal loading. = Greater stability — over 1 year. = Proven narrow pattern printing < 50 pm. Quality Ink = Low resis
Slide 17: Summary of Competitors
Summary of Competitors Summary of Selected Competitors’ Nano Silver Inkjet Inks vs. PVN's Sicrys™ = Competitors price range: >$5,000 per kg silver ink (<50% meta). = PYN price range: approx. $3,500 per kg silver ink (50% metal), down to approx. $1,200 per kg silver ink for high volumes. Resistivity
Slide 18: PVN Timeline
PVN Timeline Investment in PVN (cumulative): Seed $2M $42M $5M | $72mM | $8M $300k (Terra) (IPB & IEC) In addition, received EC Horizon 2020 and Israel OCS R&D grants 2 t/y capacity production 50% Printed Electronics, Copper ink Low temperature PiXDRO sintering inks CG3t: Mass Silver patent Narrow *
Slide 19: Management Team
Management Team Dr. Fernando de la Vega Founder, CEO & Director y = Entrepreneur with more than 30 years industrial management experience, = PhDin Applied Chemistry from The Hebrew University. = General Manager, R&D and Operations Manager at Cima NanoTech. = Developed Nanotechnologies infrastructure
Slide 20: Investment Considerations
Investment Considerations = Focus in Additive Digital Mass Production solutions = Developed high tech Nano technology, “green”, cost efficient, proven scalability = PVN owns the IP = Developed a “Complete Solution” approach — customers oriented and focused = Serving multi-billion markets and additio
Slide 21: Join us!
Join us! Investment & Business Opportunities For more information, please contact: Corporate Contact: Investor Contact: 8 Hamasger st. Garth Russell / Allison Soss RO. Box 236 KCSA Strategic Communications Migdal Ha‘Emek, 2310102 Israel grussell@kcsa.com / asoss@kcsa.com http:/Awww.pynanocell.com/ 2
Slide 22: APPENDIX
APPENDIX
Slide 23: Study on Sicrys Silver Inks: Fujifilm
Study on Sicrys™ Silver Inks: Fujifilm Jet-ability and Drop Formation tuning: The wavelorm was based on the Dimatix Medel Fluid and modified te optimize drop speed and forma- tion. A cancellation pulse was used to keep the ligaments straight while exiting the nozzle. Drop speed was adjusted to 5 met
Slide 24: Silver Inks: M-SOLV
™ Silver Inks: M-SOLV Print stability testing of Sicrys 1S0TM-119 silver nanoparticle ink Phase 1: waveform optimisation. Phase 2: longevity testing, vibration testing and weekend idle time testing. The printing stability of PY Nano Cell Sicrys™ ISOTM-119 silver nanoparticle ink was determ ined by p
Slide 25: theshychbatin hy heudiwhestanskeistect
theshychbatin hy heudiwhestanskeistect ‘that — turing technology arrives in the workshop r of the world, itreally is coming of age. m © PV Nano Cell Ltd, February 2017 WEB
Slide 26: PVN Value Proposition: Mobile Phone Antennas
PVN Value Proposition: Mobile Phone Antennas Sicrys™ printed mobile phones antennas value proposition: = Inexpensive >>Lower production costs. = Directly printed antennas by ink jet printing. = Fewer production steps: = Linear process no need for external process . = MID’s like product in one step i
Slide 27: Solar Cells Printing: PVN Enabled
Solar Cells Printing: PVN Enabled = Inkjet enhanced printing of solar cells enabled by PVN’ Sicrys™ inks = Expected costs = Precise and = Potentialincrease = Future 50% savings of up narrow printing cell efficiencies by silicon savings to 70% silver (higher perform ance 0.3% and up to 1% expected (l
Slide 28: Illustrative HP Model / Razor-Razorblade Model
Illustrative HP Model / Razor-Razorblade Model The following slide includes a hypothetical illustrative model of the expected costs and revenues to deploy the Company's proposed “HP Model” It is not intended to be a projection of the Company’s expected implementation of such model over any specific
Slide 29: Illustrative HP Model / Razor-Razorblade Model
Illustrative HP Model / Razor-Razorblade Model Total Cost Number of Printers |Printer Price ($M) Ink Sales ($M)|Ink Sales ($M) JInk Sales ($M) 1 030 030 0.22 0.33 0.44 | 10 030 3.0 33 49 6.6 100 0.25 225 328 49.2 656 The following is a description of the data and assumptions on which the HP model is
Slide 30: Future of 3D Digital Printed Electronics
Future of 3D Digital Printed Electronics = Currently: 3D printed foot orthotics/insoles. = Future: 3D printed functional foot orthotics with pressure embedded sensors and antenna enabled by Sicrys™ inks. Illustrative example of ‘wert ft commercially avaleble 20 printed cuttom ~~ — what can be ae don