Silex Systems Limited · ASX:SLX
Silex Systems — Shareholder Meeting (November 2009)
43 slides from Silex Systems's shareholder meeting presentation, Nov 23, 2009
Slide 1: Annual General Meeting CEO's Presentation
Silex For personal use only SYSTEMS LIMITED ANNUAL GENERAL MEETING CEO’s Presentation 24 November 2009 Michael Goldsworthy – CEO
Slide 2: Forward Looking Statements
Silex Systems Limited For personal use only FORWARD LOOKING STATEMENTS Silex is a research and development Company whose assets are its proprietary rights in technologies, including, but not limited to, the SILEX technology, the Silex Solar technology and business, Translucent technology and ChronoL
Slide 3: Disclaimer
Silex Systems Limited For personal use only DISCLAIMER • Silex has prepared this presentation based on information available to it. it The information in this presentation does not purport to be a complete description of Silex and/or its various business activities. Except as required by law, no rep
Slide 4: Highlights of the Year in Review
Highlights of the Year in Review For personal use only 1) SILEX Laser Enrichment Technology: ¾ Commercial Enrichment Plant license application submitted to US NRC (July ‘09) ¾ GLE announced the start-up of the Test Loop facility in Wilmington, NC (July ‘09) ¾ GLE decision on commercial production pl
Slide 5: Silex Systems – Technology Summary
SILEX SYSTEMS – TECHNOLOGY SUMMARY For personal use only Technology Potential Applications (active) 1) The SILEX Technology • Uranium Enrichment for Nuclear Power 2) Silex Solar Technology & Business • Solar Cell Manufacturing and Sales (2010) 3) Translucent Advanced Materials • Silicon Photonics –
Slide 6: The SILEX Uranium Enrichment Technology
For personal use only 1) The SILEX Uranium Enrichment Technology 6
Slide 7: SILEX Uranium Enrichment Technology: Nuclear Power Today
SILEX Uranium Enrichment Technology For personal use only NUCLEAR POWER TODAY: A Gl Global b l Nuclear N l Power P Renaissance R i is i Underway: U d Currently 16% of world’s electricity supplied by nuclear power 440+ reactors currently operating (103 in the USA) 100+ being built / planned + a
Slide 8: Four Steps to Make Nuclear Fuel
SILEX Uranium Enrichment Technology For personal use only ¾ Four steps to make Nuclear Fuel ¾ Uranium Enrichment is key to Nuclear Fuel economics 1. Uranium ore mined 2. Oxide is converted into 3. The uranium (as UF6) is 4. Enriched uranium is and milled into gaseous fluoride in enriched (or ‘purifi
Slide 9: Uranium Enrichment Market Outlook
Uranium Enrichment Market Outlook For personal use only • Supply and Demand currently in balance • Enrichment Market currently >US$6B pa: – Annual production ~ 50 million units • Potential enrichment supply issues beyond 2013: – HEU Agreement terminates (~13% of market) – US & French diffusion plant
Slide 10: SILEX v Existing Technologies
SILEX v Existing Technologies For personal use only SILEX CENTRIFUGE GAS DIFFUSION DEVELOPED 2000’s 2000 s 1940’s 1940 s 1940’s 1940 s Laser Excitation Mechanical Mechanical PROCESS (‘centrifugal force’) (‘brute force’) ENRICHMENT EFFICIENCY 2 to 20(1) 1.3 1.004 COST COMPARISON Potentially Attractiv
Slide 11: Silex Signs Commercialisation and License Agreement with GE
For personal use only Silex Signs Commercialisation and License Agreement with General Electric Company for the SILEX Uranium Enrichment Technology 22 May y 2006 US Government Authorisation Received 3 October, 2006 11
Slide 12: The GE – SILEX Agreement
The GE – SILEX Agreement For personal use only • Exclusive Worldwide Commercialisation and License Agreement for the SILEX Uranium Enrichment Technology. • Joint Technology Development Program – funded by GE. • Closing payment US$20M received after US Government authorisation (October 3rd 2006). 200
Slide 13: SILEX Technology Development Program
SILEX Technology Development Program For personal use only • Phased Development Program Oct 06 ¾ Jointly conducted (commenced October 2006) Test Loop ¾ Fully funded by GE - Hitachi - Cameco – new partnership Phase Starts ¾ ‘Global Laser Enrichment’ ((GLE)) – commercialisation vehicle for SILEX Techn
Slide 14: Test Loop Project Status
Test Loop Project Status: For personal use only • Objectives of Test Loop: – Confirm and optimise plant-scale design parameters – Demonstrate equipment reliability and process efficiency • Test Loop Status: – Test Loop Facility licensing activities with US Nuclear Regulatory Commission (completed) –
Slide 15: SILEX Technology Recent News
SILEX TECHNOLOGY RECENT NEWS For personal use only 2008 May 1 : GEH Selects Wilmington, NC site for potential commercial enrichment facilityy ((3.5 to 6 MSWU capacity) p y) May 14: US Nuclear Regulatory Commission approves license amendment to operate Test Loop facility Jun 23: Cameco Corp – world’s
Slide 16: Silex Solar Pty Ltd – Sydney Olympic Park Manufacturing Plant
For personal use only 2) SILEX SOLAR PTY LTD SYDNEY OLYMPIC PARK MANUFACTURING PLANT 16
Slide 17: Silex Solar Pty Ltd
Silex Solar Pty Ltd For personal use only • June 29, 2009: Silex Solar P/L (100% subsidiary) acquired solar manufacturing facility at Sydney Olympic Park (SOP). • Purchased manufacturing equipment from BP Solar for $6.5 million. • Completed lease for premises including infrastructure and services –
Slide 18: Potential future solar cell capacity of SOP Plant
For personal use only • Potential future solar cell capacity of SOP Plant up to 200MW pa. • Commercial production to commence Q1 2010 initially at between 10 ~ 15 MW pa – ramping up to full capacity in 2012 – 2015 timeframe, depending on demand. • Product Certification, involving production and test
Slide 19: Timeline & Key Events
For personal use only Timeline & Key Events: ‘09: June - acquisition of SOP Solar Plant (completed) October - plant start-up completed - qualification modules despatched for Certification November - NSW Gov’t announces Gross Feed-in Tariff December - initial marketing & website launch ‘10: January -
Slide 20: Solar Cell Process Line during start-up testing
For personal use only Solar Cell Process Line during start-up start up testing 20
Slide 21: Solar Cell Process Lines in Operation
For personal use only Solar Cell Process Lines in Operation 21
Slide 22: Solar Cell AR Coating Line
For personal use only Solar Cell AR Coating Line 22
Slide 23: Solar Cell Tester – Line
For personal use only Solar Cell Tester – Line 1 23
Slide 24: Solar Module Process Line (Laminator)
For personal use only S l Module Solar M d l Process P Line Li (Laminator) (L i t ) 24
Slide 25: End of the Line – a finished solar module
For personal use only End of the Line – a finished solar module 25
Slide 26: Translucent Advanced Materials Technology
For personal use only 3) TRANSLUCENT ADVANCED MATERIALS TECHNOLOGY 26
Slide 27: Translucent Inc – Overview
Translucent Inc – Overview For personal use only • Founded in 2001 and located in Palo Alto, California • 81% owned d by b Silex Sil ((path th tto 100% secured) d) • Focused on custom epitaxial earth-abundant ‘Rare-Earth’ materials development for Semiconductors – Applications in photonics, solar, d
Slide 28: Capabilities
Capabilities For personal use only • World class epitaxial materials team • Strong IP portfolio of baseline rare-earth rare earth oxides (REO’s) for silicon based semiconductor and photonics technologies • Facilities include the growth, characterization, process, test and qualification of novel mate
Slide 29: Translucent IP
Translucent IP For personal use only • Aggressive portfolio in advanced earth-abundant REO materials and their applications – 58 filed, 25 issued, 33 pending with USPTO – Key patents selected for PCT prosecution Filed Issued 20 16 #'s of patents 12 8 4 0 2001 2002 2003 2004 2005 2006 2007 2008 2009
Slide 30: Facilities
Facilities For personal use only • Two modified production MBE manufacturing reactors for single 100mm wafers (4”) • Production ready 150mm ‘Alpha’ tool in evaluation • Real time in-situ process monitoring • Full suite of materials characterization • X-ray, SEM, PL, with advanced optical and electri
Slide 31: Current focus – Rare Earth Oxides (REO's)
Current focus – Rare Earth Oxides (REO’s) For personal use only REO materials now developed with Gd-Er-Yb-Tb-Dy-Nd Potential to also develop ‘nitrides’ nitrides and 'phosphides’ phosphides Significantly broadened applications potential Binary, y, Ternary, y, and Quaternary y complexes p bein
Slide 32: Translucent Core Building Block
Translucent Core Building Block For personal use only Semiconductor Rare Earth Oxide Semiconductor APPLICATION PATHWAYS Device Material Semiconductor Semiconductor Rare Earth Oxide Rare Earth Oxide Active Rare Earth Oxide Semiconductor Semiconductor Semiconductor Insulating / etch stop layers Passiv
Slide 33: Translucent solar materials program
Translucent solar materials program For personal use only • In 2020, 86% of the solar cell market will be silicon based - Silicon Sili will ill nott go away Æ keeps k iimproving i • Leveraging new REO materials to enhance solar cell performance - end game is lowest $/W • Demonstrated monolithic inte
Slide 34: Solar Power Output vs Solar Spectrum
SOLAR POWER OUTPUT VS SOLAR SPECTRUM For personal use only • Conventional Silicon solar cell conversion limited to a small window of solar photon energies close to the band-gap band gap energy of silicon single junction limitation • Using patented ‘REO’ materials → conversion efficiency could increa
Slide 35: Translucent Solar Materials Program - status
Translucent Solar Materials Program - status For personal use only • Project in development stage – subject to typical R&D risks. • Sample solar cells continue being tested for several performance factors – passivation, absorption coefficient, efficiency. • Tests ongoing with US NREL (Colorado) and
Slide 36: Raw Materials Challenge for Thin Film PV
Raw Materials Challenge for Thin Film PV For personal use only • Abundance 10 ppb by weight) • Toxicity 8 earth's crust (p • CdTe (eg First Solar) 6 has low abundance • As, Cd and Se are 4 abundance in e also toxic 2 • Rare earths are not log a 0 so rare! Si Cu Ga Er As Ge In Cd Se Te • …. and non-t
Slide 37: Translucent Photonics Project
Translucent Photonics Project For personal use only • Industry still searching for Optical emission in silicon (Intel, IBM, Sun etc) • Key leverage of Translucent technology is the potential to provide a monolithic optoelectronic solution in silicon • Translucent is a leading player with its REO mat
Slide 38: Translucent Photonics Project - status
Translucent Photonics Project - status For personal use only • Visible emission achieved via optical pumping • Evaluation of electrical pumping underway (required for commercial devices) Visible emission TLI REO Source – Caltech 2007 DARPA-EPIC report 38
Slide 39: ChronoLogic USB-inSync Technology
For personal use only 3) CHRONOLOGIC USB-inSyncTM TECHNOLOGY 39
Slide 40: ChronoLogic Pty Ltd
ChronoLogic Pty Ltd For personal use only • Adelaide based subsidiary – 90% owned by Silex. Silex • Focussed on the development of the world’s best USB-based precision timing products and technologies. • Core USB-inSync™ technology enables the Universal Serial Bus (USB) with the critical elements of
Slide 41: Current ChronoLogic Product Range
Current ChronoLogic Product Range For personal use only • Maestro – Master Timing Hubs • Distributed Virtual Instrument Range (initial oscilloscope product in development) • Legato – Universal Timing Devices • Cross-Platform Synchronization Range (In development) • Data Acquisition q Modules • All P
Slide 42: Current Financial Position
CURRENT FINANCIAL POSITION (31/10/09) For personal use only • Total cash reserves ~ $56 million • Negligible liabilities • Total group cash burn ~ $8 million for 09/10 FY (estimate) • Primary R&D focus is on Translucent and ChronoLogic technologies (SILEX Uranium Enrichment project fully funded by G
Slide 43: Silex Systems Ltd
Silex Systems Ltd For personal use only A unique company developing technology and d advanced d d materials t i l ffor the 21st Century. ASX : SLX WWW.SILEX.COM.AU 43