Nuburu, Inc. · AMEX:BURU
Nuburu — Tailwind Acquisition — SPAC Merger (September 2022)
55 slides from Nuburu's SPAC merger presentation, Sep 1, 2022
Slide 1: Filed by Tailwind Acquisition Corp. pursuant to Rule 425
1 | Confidential Confidential Confidential Filed by Tailwind Acquisition Corp. pursuant to Rule 425 under the Securities Act of 1933, as amended and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934, as amended Subject Company: Tailwind Acquisition Corp. (Commission File
Slide 2: Disclaimer
| Confidential DISCLAIMER Neither NUBURU, INC. (“NUBURU”) nor TAILWIND ACQUISITION CORP. (“TWND”) makes any representation or warranty as to the accuracy or completeness of the information contained in this presentation. The information in this presentation and any oral statements made in connection
Slide 3: Use of Market Data and Additional Information
| Confidential USE OF MARKET DATA The market data contained herein is derived from various internal and external sources. All of the market data in the presentation involves a number of assumptions and limitations, and there can be no guarantee as to the accuracy or reliability of such assumptions.
Slide 4: World Class Management Team
| Confidential World Class Management Team Dr. Mark Zediker CEO 30 years of experience as an entrepreneur Executive leadership experience at private and publicly listed companies. Strong management and technical background. Cofounded 3 companies Ron Nicol Executive Chairman 30+ years of experience c
Slide 5: Tailwind Acquisition Corporation (TWND) Overview
| Confidential Tailwind Acquisition Corporation (TWND) Overview Tailwind At A Glance .. Purpose-built to support visionary founders .. Approximately $334M held in trust .. Serial SPAC franchise; recent de-SPAC successfully closed 5 | Confidential Tailwind Differentiators .. Built by founders and ope
Slide 6: Summary Transaction Overview
| Confidential 6 | Confidential PLEASE SEE DEFINITIVE PROXY FOR ADDITIONAL RELEVANT DETAILS (1) Subject to the closing of the transaction and other conditions (2) Assumes full utilization of the Lincoln Park funding agreement, no redemptions from the trust account by the TWND public stockholders and
Slide 7: Innovative Preferred Share Structure Benefits Stockholders
| Confidential Innovative Preferred Share Structure Benefits Stockholders 7 | Confidential .. In order to further incentivize current stockholders not to redeem, Tailwind has designed a unique stock structure that utilizes unlisted convertible preferred shares .. Each TWND Class A stockholder will r
Slide 8: Key Investment Highlights
| Confidential Leading Blue Laser Company .. Disrupting and enabling fast growing markets .. 3D printing, E-mobility, consumer electronics, and aerospace and defense .. Promoting a sustainable future Proprietary Technology .. Extensive IP portfolio .. 170+ granted and pending patents and application
Slide 9: NUBURU: The Blue Laser Company
| Confidential NUBURU: The Blue Laser Company
Slide 10: NUBURU Solves Key Manufacturing Problems
10 | Confidential NUBURU Solves Key Manufacturing Problems Manufacturing Challenges 10 | Confidential Solution Higher Speed and Yield to Manufacture Batteries and EV Components Able To Produce Difficult to Make Components at Higher Speeds and Efficiency Providing a Scalable 3D Printing Solution that
Slide 11: Why the Blue Laser is the Superior Solution
| Confidential Why the Blue Laser is the Superior Solution 11 | Confidential Weld Better, Print Faster, and be More Precise With Blue Blue Wavelength Inherently Advantaged Spot Size Significantly Smaller Than Infrared Superior Brightness Higher Energy Absorption In Metals Major Advantages of NUBURU
Slide 12: Fundamental Enabling Technology for Multiple Markets
| Confidential Fundamental Enabling Technology for Multiple Markets Enabling Technology for a Sustainable Future (1) See Slide 16. (2) Granted and Pending (3) Copper (4) Larger referring to part size (5) See photos on page 28. $4B → $33B Projected Growth in Target Markets In Next Decade1 170+ Patent
Slide 13: NUBURU's Blue Lasers Today: Core Applications
| Confidential Welding Address the tens of thousands of welds in an EV1. Can work with copper, aluminum, titanium, and stainless steel. Metal 3D Printing Superior in terms of size of print, breadth of materials, and overall resolution that can be achieved NUBURU's Blue Lasers Today: Core Application
Slide 14: Enabling Technology for a Sustainable Future
| Confidential 14 | Confidential Spear-heading electrification and a carbon- free future ~5x more energy efficient welding process than IR lasers1 70% reduced waste 3D printing vs. subtractive manufacturing2 More durable, longer-life end products (1) Based on Company thin copper weld testing where ~
Slide 15: NUBURU's Blue Lasers Address Multiple Large Markets
| Confidential NUBURU's Blue Lasers Addresses Multiple Large Markets Industrial Welding Mission-critical Applications .. Maximum mechanical and electrical weld performance .. Increased productivity .. Expanding laser-based processing into new applications 3D Printing Mission-critical Applications ..
Slide 16: NUBURU's Markets Projected to Grow
| Confidential NUBURU’s Markets Projected to Grow 16 | Confidential (1) Source: AMPOWER 2022 and NUBURU estimates based on customer feedback. (2) Source: NUBURU estimates based on customer feedback. (3) Includes bio-instrumentation, display and others. Serviceable Addressable Market (SAM) Total Addr
Slide 17: NUBURU's Blue Laser Target Markets and Ecosystem
| Confidential NUBURU's Blue Laser Target Markets and Ecosystem (1) Data as of June 2022 Note: The companies listed above represent target markets and do not represent a customer list. 17 | Confidential Batteries & Energy Storage 9 of Top 20 Engaged Consumer Electronics 5 of Top 20 Engaged 3D Printi
Slide 18: Picks and Shovels of Modern-Day Manufacturing
18 | Confidential “Picks and Shovels” of Modern-Day Manufacturing NUBURU's Success Driven by Sector Megatrends 18 | Confidential Note: The companies listed above represent target markets and do not represent a customer list.
Slide 19: Blue Laser: Superior Form of Industrial Welding Process
| Confidential NUBURU's Blue Laser: Superior Form of Industrial Welding Process Energy Efficiency Process Energy Efficiency Process Speed2 Process Speed2 Remote Welding Capability Remote Welding Capability Manufacturing Yield Manufacturing Yield Low to No Defect1 Low to No Defect1 No Spatter / Safet
Slide 20: Comprehensive IP Strategy Secures First Mover Advantage
| Confidential Comprehensive IP Strategy Secures First Mover Advantage 170+ Granted and Pending Patents and Applications Over 7,500 claims filed across all aspects of NUBURU's current and future technology since 2013 with 100s of trade secrets .. Blue Laser Technology (AO & AI) .. Single Mode Blue L
Slide 21: History of Technical and Technological Progress
| Confidential History of Technical and Technological Progress 2013 First high-powered blue laser patent - NUBURU founded - CO facility open 2015 2016 Beta program and market validation - Launched AO 150 - Applications Lab Open 2017 2018 - Launched AO 500 - First Copper Weld; Joint R&D with major co
Slide 22: Made in the USA: NUBURU's Blue Laser Technology
| Confidential Made in the USA: NUBURU's Blue Laser Technology Applications Lab .. Demonstration systems .. Welding system .. 3D printing .. Metallurgical Lab Manufacturing Facility .. Automation .. Testing + QC .. Clean Room .. Burn in facility Engineering .. Design Center .. Prototyping .. Clean R
Slide 23: NUBURU's Board of Directors Nominees
| Confidential NUBURU's Board of Directors Nominees Ron Nicol .. Executive Chair .. 30+ years of experience consulting growth companies Mark Zediker .. CEO .. 30 years of experience as an entrepreneur Kristi Hummel .. Compensation Chair Nominee, CPO at Skillsoft .. 25 years of experience leading peo
Slide 24: Product Overview
| Confidential Product Overview
Slide 25: Current & Near-Term Core Welding Product Overview
| Confidential Current & Near-Term Core Welding Product Overview AO-650 Weld of consumer electronics w/o scanners Production release Q2 2022 AI-300/370 Small-scale consumer electronics Production release expected Q1 2023 AI-500/650 Large-scale consumer electronics Production release expected Q2 2023
Slide 26: Current & Near-Term Core 3D Printing Product Overview
| Confidential Current & Near-Term Core 3D Printing Product Overview 26 | Confidential AI-500/650 Large-scale consumer electronics Production release Q2 2023 AO-650/AI-X000 Plug and play 3D printing DED (Direct energy deposition) powder and wire feed Production release Q2 2022 and 2023 SML-100 Plug
Slide 27: Product Introductions Expected to Drive Market Expansion & Revenue Growth
| Confidential 27 | Confidential Development Pilot Production Product Introductions Expected to Drive Market Expansion & Revenue Growth AO/AI SML 3D Printing
Slide 28: NUBURU Solves Key Manufacturing Problems in Consumer Electronics and 3D Printing
| Confidential 3D Printing 3D Printing Welding Battery Foils Welding Battery Foils Welding Bus Bars Welding Bus Bars NUBURU IR LASER ULTRASONIC No Porosity No Spatter Strong Weld Low Resistance Low to No Defects Continuous weld Low Resistance High Strength Low Fatigue Low to No Defects Material Agno
Slide 29: NUBURU is Highly Valuable to Battery and EV Production
| Confidential NUBURU is Highly Valuable to Battery and EV Production CELL LEVEL Mechanical Properties CELL LEVEL Mechanical Properties ELECTRODE-TO-TAB 80 copper foils to tab CASE SEALING 1.5mm Aluminum MODULE LEVEL Electrical Performance MODULE LEVEL Electrical Performance TAB-TO-TAB 2 x 400µm cop
Slide 30: NUBURU is Highly Valuable to Cell Phone Production
| Confidential NUBURU is Highly Valuable to Cell Phone Production PHONE BATTERY Mechanical / Electrical PHONE BATTERY Mechanical / Electrical NUBURU Laser Welded Battery Foil Stack PHONE STRUCTURE Mechanical PHONE STRUCTURE Mechanical 30 | Confidential (1) Number varies by manufacturer and model and
Slide 31: |
31 | Confidential Confidential Confidential
Slide 32: Key Risk Factors
| Confidential KEY RISK FACTORS Unless the context requires otherwise, references to “NUBURU,” “we,” “us” or “our” in this section are to the business and operations of NUBURU prior to the Transaction and to combined company and its subsidiaries following the Transaction. The risks presented below a
Slide 33: Risks Relating to Our Business and Operations (continued)
| Confidential Risks Relating to Our Business and Operations (continued) .. Operational costs can be difficult to predict and may include costs from requirements related to the decommissioning of our systems. .. We expect to incur significant research and development expenses and devote substantial
Slide 34: Risk Relating to Intellectual Property
| Confidential Risk Relating to Intellectual Property .. We may be unable to protect, defend, maintain or enforce our intellectual property rights for the intellectual property on which our business depends, including against existing or future competitors. Failure to protect defend, maintain and en
Slide 35: Risks Relating to the Business Combination (continued)
| Confidential Risks Relating to the Business Combination (continued) .. The Business Combination will result in changes to the board of directors of New NUBURU that may affect the strategy of New NUBURU. .. TWND and NUBURU will incur transaction costs in connection with the Business Combination. ..
Slide 36: Risks Relating to the Business Combination (continued)
| Confidential Risks Relating to the Business Combination (continued) .. Since the Sponsor and TWND’s officers and directors who are members of the Sponsor have interests that are different, or in addition to (and which may conflict with), the interests of the public stockholders, a conflict of inte
Slide 37: Risks Relating to Redemption
| Confidential Risks Relating to Redemption .. There is no guarantee that a TWND public stockholder’s decision whether to redeem their shares for a pro rata portion of the Trust Account will put such stockholder in a better future economic position. .. If TWND public stockholders fail to comply with
Slide 38: Appendix
| Confidential Appendix
Slide 39: Peer Groups
| Confidential .. Highly advanced manufacturing players leveraging technology and software to drive growth .. Accelerated revenue growth profile .. Highly advanced manufacturing players leveraging technology and software to drive growth .. Accelerated revenue growth profile Industry 4.0 .. Scaled pl
Slide 40: Metal 3D Printing
| Confidential Metal 3D Printing
Slide 41: NUBURU's Blue Lasers: Superior to Other Metal 3D Printing Technology
| Confidential NUBURU's Blue Lasers: Superior to Other Metal 3D Printing Technology Strong Product Value Proposition .. Speed: Up to 7x faster 3D printed parts .. Scale: 10x larger .. Density: Near forged metal densities Aerospace, Automotive, Medical & Dental, Consumer Products, Industrial 41 | Con
Slide 42: NUBURU's Blue Lasers Enable Faster Printing Speeds
| Confidential NUBURU's Blue Lasers Enable Faster Printing Speeds Build rates measured in directed energy deposition tests to date 7x Copper 1.5x Titanium 3x Stainless Steel 1.5x Copper Alloy 42 | Confidential NUBURU has Demonstrated up to 7x Build Speed Increase in Copper and 3x Build Speed Increas
Slide 43: NUBURU's Blue Lasers Enable Larger Printing Volume
| Confidential compared to infrared capability compared to infrared capability compared to infrared capability Infrared Laser Print 10x Larger Metal Components Inconel1 / Copper Alloy Construction NUBURU's Blue Lasers Enable Larger Printing Volume 43 | Confidential (1) Inconel refers to a family of
Slide 44: Blue Lasers Enable Copper 3D Printing Almost as Dense as Forged Metal
| Confidential NUBURU's Blue Lasers Enable Copper 3D Printing Almost as Dense as Forged Metal >97% Density 80% Density 85% Density (Post Sintering) Infrared Infrared Binder Jet Binder Jet 44 | Confidential Note: Density relative to forged copper.
Slide 45: Welding & Manufacturing Breakthrough
| Confidential Welding & Manufacturing Breakthrough
Slide 46: NUBURU's Blue Lasers Provide Greater Welding Speeds
| Confidential NUBURU's Blue Lasers Provide Greater Welding Speeds Air Conditioners: 15X Infrared Cell Phones: 15X Infrared Hydrogen Fuel Cells: 5X Infrared Copper Welding Speed (Meters per Minute)1 1.5 NUBURU Blue IR 17.5 Copper Welding: 17.5 Meters Per Minute 46 | Confidential https://youtu.be/qTf
Slide 47: Blue Lasers Have Potential to Transform Metal Welding
| Confidential NUBURU's Blue Lasers Have Potential to Transform Metal Welding – Advancing Industries That Enable a More Sustainable Future Tens of thousands of welds per vehicle3 Welding required in: .. Electric motors .. Sensors, Power Electronics & Lighting .. Battery Pack .. Chassis Number of wel
Slide 48: Blue Lasers Are the Next Breakthrough for Copper Welding
| Confidential NUBURU's Blue Lasers Are the Next Breakthrough for Copper Welding CO2 Lasers Copper Absorption <1% Replacing torches for general steel welding Unable to weld copper Lamp pumped Infrared YAG Lasers Copper Absorption ~5% Imprecise, difficult to control and was unreliable DPSS Infrared L
Slide 49: Operations
| Confidential Operations
Slide 50: NUBURU's Advisory Board
| Confidential NUBURU's Advisory Board David H. Buss .. Former Vice Admiral, “Air Boss,” U.S. Navy .. Current CEO of OpenDrives, Inc. "NUBURU’s cutting-edge blue laser technology has the very real potential to be transformational for the Department of Defense future capabilities from directed energy
Slide 51: From Plug & Play to Exploring Proprietary Next Generation Printing Technology
| Confidential From Plug & Play to Exploring Proprietary Next Generation Printing Technology 51 | Confidential Plug and Play Upgrade to Existing & Next Generation Scanner-Based 3D Printers Today… Development plan to introduce printers either through organic efforts or acquisition Exploring Area Prin
Slide 52: Automated Manufacturing Process
| Confidential Automated Manufacturing Process Single Semi-Automated Production Line with Modularity to Enable Scale Manufacturing 52 | Confidential Automated Automated Automated Automated Blue Diode Suppliers
Slide 53: Illustrative Customer Adoption Timeline
| Confidential Illustrative Customer Adoption Timeline 53 | Confidential Month 0 First intro Month 0 First intro Months 1-6 Application development Months 1-6 Application development Month 7 First P/O for internal qualification Month 7 First P/O for internal qualification Month 15 Manufacturing qual
Slide 54: Financials
| Confidential Financials
Slide 55: Historical Financial Summary
| Confidential Historical Financial Summary 55 | Confidential Statement of Operations Data1 ($ in thousands) Six Months Ended June 30 Year Ended December 31 2022 2021 2021 2020 Revenue $137 $180 $377 $692 Net Loss (6,183) (4,812) (9,384) (11,025) Statement of Cash Flows Data Net cash provided by (us