Slide 1: Investor Presentation
4 INVESTOR PRESENTATION 5 August 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. The information in this presentation does not purport to be a complete description of Silex. Except as required by law, no representation or warranty, express or implie
Slide 4: Silex Systems – Technology Summary
SILEX SYSTEMS – TECHNOLOGY SUMMARY For personal use only Technology Potential Applications (active) 1) The SILEX Technology • Uranium Enrichment for carbon-free Nuclear Power • Stable Isotopes for Medicine and Industry 2) Silex Solar Technology & Business • Silicon Solar Cell Innovation and optimisa
Slide 5: 1) The SILEX Uranium Enrichment Technology
For personal use only 1) The SILEX Uranium Enrichment Technology
Slide 6: Nuclear Power Today
SILEX Uranium Enrichment Technology For personal use only NUCLEAR POWER TODAY: A Global Nuclear Power Renaissance is Underway: Currently 16% of world’s electricity supplied by nuclear power 440+ reactors currently operating (103 in the USA) 100+ being built / planned + accelerated development in Asi
Slide 7: Four steps to make Nuclear Fuel
For personal use only Four steps to make Nuclear Fuel # # ! " " ! " " $ Uranium Enrichment is key to Nuclear Fuel economics $ & % & % SILEX Uranium Enrichment Technology
Slide 8: 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 9: SILEX v Existing Technologies
SILEX v Existing Technologies For personal use only SILEX CENTRIFUGE GAS DIFFUSION DEVELOPED 2000’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 Attractive Capital Intensive V
Slide 10: Silex Signs Commercialisation and License Agreement with General Electric
Silex Signs Commercialisation and License Agreement with General Electric Company for the SILEX Uranium Enrichment Technology 22 May 2006 US Government Authorisation Received 3 October, 2006 10
Slide 11: 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). • U
Slide 12: SILEX Technology Development Program
SILEX Technology Development Program For personal use only • Phased Development Program Oct ‘06 Jointly conducted (commenced October 2006) Test Loop Fully funded by GE - Hitachi - Cameco – new partnership Phase Starts ‘Global Laser Enrichment’ (GLE) – corporate vehicle for commercialisation of SILEX
Slide 13: 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 • Transfer of Test Loop Project to GE’s Wilmington NC plant in the USA, including technology and personnel, was c
Slide 14: SILEX Technology Recent News
SILEX TECHNOLOGY RECENT NEWS For personal use only 2008 May 1 : GEH Selects Wilmington, NC site for potential commercial enrichment facility (3.5 to 6 MSWU capacity) May 14: US Nuclear Regulatory Commission approves license amendment to operate Test Loop facility Jun 23: Cameco Corp – world’s larges
Slide 15: 2) Silex Solar Pty Ltd
For personal use only 2) SILEX SOLAR PTY LTD SYDNEY OLYMPIC PARK MANUFACTURING PLANT
Slide 16: Silex Solar Pty Ltd – Plant Acquisition
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 (plus additional $0.5 million for start-up costs). • Completed lease for
Slide 17: Silex Solar Pty Ltd – Plant Capacity and Production Plans
Silex Solar Pty Ltd For personal use only • Potential future 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 Qualification, involving production
Slide 18: 3) Translucent Advanced Materials Technology
For personal use only 3) TRANSLUCENT ADVANCED MATERIALS TECHNOLOGY
Slide 19: Translucent Inc – Overview
Translucent Inc – Overview For personal use only • Founded in 2001 - Translucent is ~81% owned by Silex - Path to 100% ownership secured • Focused on advanced materials development for: 1. Optical Silicon / photonics applications - current focus - for optical communications and chip-to-chip intercon
Slide 20: Translucent Technology Evolution
0 a Silex Systems i TRANSLUCENT Translucent Technology Evolution | tot od | | | 1 otood | tot ot | 1ot ot | tot ood | Iotod | 1otood | Io oot 2001 2002 2003 2004 2005 2006 2007 2008 2009 Start-up: Build: R&D: R&D: R&D: R&D: Engineering Commercialisation Silex Lab & Develop Optical Silicon materials
Slide 21: Translucent Solar Cell Project
Translucent Solar Cell Project For personal use only • Aims: increase solar energy conversion efficiency & lower costs • Solar today: 93% based on silicon wafer + single junction 20% max efficiency. 7% based on thin film + single junction 15% max efficiency. • Translucent’s leverage – bringing new m
Slide 22: 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 energy of silicon – single junction limitation • Using patented ‘rare earth oxide’ materials conversion efficiency increase
Slide 23: Translucent Solar Cell Project (cont'd)
Translucent Solar Cell Project cont’d…. For personal use only • Project in development stage – subject to typical R&D risks • Based on ‘core materials technology’ utilising thin active-layer semiconductor films as an add-on to silicon solar cells. • R&D effort at Translucent focused on optimising th
Slide 24: Optical Silicon / Photonics Project
Optical Silicon / Photonics Project For personal use only • The Quest for ‘Optical Silicon’ continues.. • A major focus of the semiconductor industry for over 20 yrs • Translucent is a leading contender – Multi-billion dollar photonics market – optical (Fiber optic) communications – Key Issue is int
Slide 25: Market Positioning for Optical Silicon Development at Translucent
Market Positioning for Optical Silicon Development at Translucent For personal use only Current Optical Example of Proposed Ultimate Objective Communications Technology Interim Solution Expensive discrete Expensive discrete components Fully Integrated on chip components linked integrated on a common
Slide 26: 4) ChronoLogic USB-inSync Technology
For personal use only TM 4) CHRONOLOGIC USB-inSync TECHNOLOGY
Slide 27: ChronoLogic Pty Ltd
CHRONOLOGIC PTY LTD For personal use only • Adelaide based subsidiary – 90% owned by Silex. • Core IP – “USB-inSyncTM” invention 4 patent filings to date. • USB-inSyncTM transforms the ubiquitous USB connection bus into a ‘smart’, more powerful synchronous bus resulting in many new potential applica
Slide 28: Current ChronoLogic DAQ Products
Current ChronoLogic DAQ Products For personal use only USB DAQ • DAQ-2500X 4-Ch 16-bit 100kS/s Sonda Series (in development) Signal Conditioning Probes • Maestro -GS22 / -iS22 Timing Hubs New DAQ Devices (in development) 2/3-Ch 24-bit 5MS/s 24-bit Arb. Waveform Generator • UTD -2100 series / -2200 s
Slide 29: Current Financial Position
CURRENT FINANCIAL POSITION (30/6/09) For personal use only • Total cash reserves ~ $59 million • Negligible liabilities • Primary R&D focus is on Translucent and ChronoLogic technologies (SILEX Uranium Enrichment project fully funded by GLE) • Cash reserves expected to be sufficient to achieve posit
Slide 30: Silex Systems Ltd
Silex Systems Ltd For personal use only A unique company developing technology and advanced materials for the 21st Century. ASX : SLX WWW.SILEX.COM.AU