Slide 1: BluGlass Presentation
For personal use only BLUGLASS PRESENTATION GILES BOURNE, CEO, BLUGLASS LIMITED JULY 2012 BLUGLASS PRESENTATION – JULY 2012 WWW.BLUGLASS.COM.AU
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, rep
Slide 3: Executive Summary
EXECUTIVE SUMMARY For personal use only BluGlass has patented processes for exploiting Remote Plasma ✓ Breakthrough Technology Chemical Vapour Deposition (RPCVD) Applicable to several large end markets Superior performance potential for LED and PV devices enabled ✓ Performance and Cost Advanta
Slide 4: Recent Announcements
RECENT ANNOUNCEMENTS For personal use only TEM IMAGE AT INTERMEDIATE MAGNIFICATION BluGlass produces high quality crystalline GaN films using low RPCVD GaN layer temperature RPCVD Independent Expert verification of film quality MOCVD GaN layer The achievement of high quality crystalline GaN fil
Slide 5: Low Defect Density RPCVD GaN
LOW DEFECT DENSITY RPCVD GAN For personal use only BluGlass has made inroads towards proving the commercial potential of RPCVD Significant progress towards TEM IMAGE AT LOW MAGNIFICATION minimising impurities to Cap layer within industry acceptable RPCVD GaN ranges Interface The crystal quality
Slide 6: Contents
CONTENTS For personal use only BLUGLASS OVERVIEW 7 Fast Facts Virtual Tour A Platform Technology THE LED OPPORTUNTITY 10 A Low Temperature Process Target Market Features Equipment Market THE SOLAR OPPORTUNITY 16 What is CPV Why InGaN CPV Why RPCVD for InGaN CPV Target Marke
Slide 7: Virtual Tour
VIRTUAL TOUR For personal use only 7 BLUGLASS PRESENTATION – JULY 2012 WWW.BLUGLASS.COM.AU
Slide 8: Fast Facts
FAST FACTS For personal use only 8 BLUGLASS PRESENTATION – JULY 2012 WWW.BLUGLASS.COM.AU
Slide 9: A Platform Technology
A PLATFORM TECHNOLOGY For personal use only RPCVD TOOL 9 BLUGLASS PRESENTATION – JULY 2012 WWW.BLUGLASS.COM.AU
Slide 10: LED Opportunity
For personal use only LED OPPORTUNITY “It is estimated it is possible to alleviate the need for 133 nuclear power stations in the US by the year 2025 if white solid state lighting is implemented” Professor Shuji Nakamura BLUGLASS PRESENTATION – JULY 2012 WWW.BLUGLASS.COM.AU
Slide 11: 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 11 BLUGLASS PRESENTATION – JULY 2012 WWW.BLUGLASS.COM.AU
Slide 12: Performance Advantages for LED
PERFORMANCE ADVANTAGES FOR LED For personal use only A low temperature growth system such as RPCVD offers LED manufacturers compelling performance advantages at several stages of device growth LED STRUCTURE GROWN USING MOCVD BENEFITS OF RPCVD GROWTH The higher temperature growth of the p-GaN top lay
Slide 13: 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
Slide 14: 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 EQUIPMENT MARKET SHARE Source: IMS Research Quarterly GaN LED Supply and Demand Report March 2012 14 BLUGLASS PRESENTATION – JUL
Slide 15: Market Driver
MARKET DRIVER For personal use only “With the LED TV backlight market slowing, and the general lighting market yet to take off, LED makers are looking to all sorts of innovative ways to improve cost and performance to drive adoption — from disruptive new technologies to incremental improvements to m
Slide 16: Solar Opportunity
For personal use only SOLAR OPPORTUNITY RPCVD has great potential to grow high indium content InGaN when compared to MOCVD due to its low temperature advantages BLUGLASS PRESENTATION – JULY 2012 WWW.BLUGLASS.COM.AU
Slide 17: 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
Slide 18: 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 19: Why RPCVD for InGaN CPV?
WHY RPCVD FOR InGaN CPV? For personal use only BLUGLASS TECHNOLOGY ✓ Low temperature process ✓ Performance advantages ✓ Low cost inputs An InGaN solar cell can be tuned to absorb multiple ✓ Substrate flexibility wave lengths into the cell InGaN is a single material solution with the potential to be
Slide 20: CPV Market Forecast 2010-2015
CPV MARKET FORECAST 2010-2015 For personal use only Sources: 2007-2009 EPRI; 2010-2015 CPV Consortium 2010 Report 20 BLUGLASS PRESENTATION – JULY 2012 WWW.BLUGLASS.COM.AU
Slide 21: Roadmap and Highlights
For personal use only ROADMAP AND HIGHLIGHTS RPCVD has several potential advantages over current manufacturing techniques including a lower temperature, lower cost method of manufacture and greater efficiency BLUGLASS PRESENTATION – JULY 2012 WWW.BLUGLASS.COM.AU
Slide 22: Roadmap to Market
ROADMAP TO MARKET For personal use only 22 BLUGLASS PRESENTATION – JULY 2012 WWW.BLUGLASS.COM.AU
Slide 23: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only RPCVD developed in Australia from $35m research investment ✓ Breakthrough Technology Significant government support through major grants and tax credits Superior performance potential for LED and PV devices ✓ Significant Advantages Enabled throug
Slide 24: Thank-You
For personal use only THANK-YOU 24 BLUGLASS PRESENTATION – JULY 2012 WWW.BLUGLASS.COM.AU