Silex Systems Limited · ASX:SLX
Silex Systems — Investor Presentation (May 2010)
38 slides from Silex Systems's investor presentation, May 27, 2010
Slide 1: Silex Systems Limited Investor Presentation Update May 2010
Silex For personal use only SYSTEMS LIMITED Investor Presentation Update May 2010 Michael Goldsworthy – CEO
Slide 2: Silex Corporate Structure
Silex Corporate Structure For personal use only Silex Systems Ltd ASX: SLX HQ: Sydney, Australia www.silex.com.au Silex Solar Pty Ltd Solar Systems Pty Ltd Translucent Inc Chronologic Pty Ltd Sydney Melbourne Pal Alto, USA Adelaide (100% ownership) (100% ownership) (98% ownership) (90% ownership) PV
Slide 3: Silex Systems Group – Technology & Business Summary
SILEX SYSTEMS GROUP – TECHNOLOGY & BUSINESS SUMMARY For personal use only Technology Activities & Applications 1) The SILEX Laser Technology • Uranium Enrichment for Nuclear Power 2) Silex Solar Panel Business • Solar Panel Manufacturing and Sales 3) Solar Systems • Utility-scale Solar Power Station
Slide 4: SILEX Uranium Enrichment Technology
SILEX Uranium Enrichment Technology For personal use only Four steps to make Nuclear Fuel 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 5: 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 6: Exclusive Worldwide Commercialisation and License Agreement
For personal use only Exclusive Worldwide Commercialisation and License Agreement for the SILEX Uranium Enrichment Technology. • Joint Technology Development Program – funded by GLE (GE, Hitachi, Cameco) • Milestone payments: US$20M closing fee - October 2006 US$15M completion of Test Loop & NRC Lic
Slide 7: SILEX Technology Status
SILEX Technology Status: For personal use only • Status of Test Loop (Pilot) Demonstration: – Initial measurement program successfully completed (April 12) – Engineering design phase for commercial plant underway • Commercial Production Facility Status: – Licensing activities with US Nuclear Regulat
Slide 8: Silex Solar Pty Ltd – Sydney Olympic Park Manufacturing Plant
For personal use only 2) SILEX SOLAR PTY LTD SYDNEY OLYMPIC PARK MANUFACTURING PLANT 8
Slide 9: Silex Solar Pty Ltd
Silex Solar Pty Ltd For personal use only • June 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 - estimated equivalent replacement value in the order of 10x. • Retained pl
Slide 10: Solar panel certification and production commenced
For personal use only • IEC product certification for first-gen panels completed with TUV Rheinland (Japan) in February 2010. • Commercial production commenced March 2010 at ~6 MW pa solar panels – uprating capacity to ~12MW pa panels • Initial team of ~20 engineers and technicians recruited. Head c
Slide 11: Solar Cell Process Line during start-up testing
For personal use only Solar Cell Process Line during start-up testing 11
Slide 12: Solar Cell Process Lines in Operation
For personal use only Solar Cell Process Lines in Operation 12
Slide 13: Solar Cell AR Coating Line
For personal use only Solar Cell AR Coating Line 13
Slide 14: Solar Cell Tester – Line
For personal use only Solar Cell Tester – Line 1 14
Slide 15: Solar Module Process Line (Laminator)
For personal use only Solar Module Process Line (Laminator) 15
Slide 16: End of the Line – a finished solar module
For personal use only End of the Line – a finished solar module 16
Slide 17: Translucent Advanced Materials Technology
For personal use only 3) TRANSLUCENT ADVANCED MATERIALS TECHNOLOGY 17
Slide 18: Translucent Inc – Overview
Translucent Inc – Overview For personal use only • Founded 2001 - Palo Alto, California (98% ownership). • Focused on custom epitaxial earth-abundant ‘Rare-Earth’ materials development for Semiconductors – Applications in solar, photonics, semiconductors, MEMS • Full vertically integrated advanced m
Slide 19: Translucent Materials Growth Facility
Translucent Materials Growth Facility For personal use only 19
Slide 20: Translucent Alpha Production Module
Translucent Alpha Production Module For personal use only 20
Slide 21: Translucent Wafer Processing Lab
Translucent Wafer Processing Lab For personal use only 21
Slide 22: Translucent Advanced Materials - status
Translucent Advanced Materials - status For personal use only • Projects in late development stage (still subject to R&D risks). • Advanced PV solar materials – development continues for two paths to lower cost ($/Watt): – active materials for higher PV efficiency – passive substrates for advanced m
Slide 23: ChronoLogic Pty Ltd
ChronoLogic Pty Ltd For personal use only • Adelaide based subsidiary – 90% owned by 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 timin
Slide 24: Current ChronoLogic Product Range
Current ChronoLogic Product Range For personal use only • Maestro – Master Timing Hubs • Distributed Virtual Instrument Range • Oscilloscope / Digitizer • Logic Analyser (in development) • High Speed Digital I/O (in development) • Legato – Universal Timing Devices • GPS Master Synchronisation • IRIG
Slide 25: 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 25
Slide 26: 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 and/or its various business activities. Except as required by law, no repres
Slide 27: Solar Systems Pty Ltd
For personal use only Solar Systems Pty Ltd Melbourne, Australia - a subsidiary of Silex Systems Ltd Investor Presentation May 2010 Silex Proprietary Information
Slide 28: Introduction
Introduction For personal use only Silex Systems recently acquired the assets of Solar Systems: – Deal completed March 2010 for $20M – Abbotsford Manufacturing Facility – Design and production team – Module assembly line (automated production assembly) – Research and Development labs – Bridgewater T
Slide 29: Introduction - Product Strategy
Introduction - Product Strategy Product Strategy (Commercialisation Program 12-15 months) For personal use only – Complete automated production line for Dense Array Modules – Certify commercial Modules – Fully test systems to IEC Standards – Reliability and field trials of CS500 Mk5.3 Dish – Low cos
Slide 30: Key Advantages of 'Dense Array' Concentrated PV
Key Advantages of ‘DENSE ARRAY’ CONCENTRATED PV For personal use only • Advantages of Dense Array Technology: • Low Upgrade Cost • Low Maintenance Solution • Lower PV Cell Operating Temperature (active vs passive cooling): • Extends lifetime of cell • Higher reliability of module • Higher conversion
Slide 31: Solar Systems Dish CPV Technology
Solar Systems Dish CPV Technology – first product 15 Years Experience in PV Installations For personal use only • DISH CONCENTRATOR TECHNOLOGY • Original power plants based on Silicon Cells • 5 power plants installed in central Australia • 4 plants are diesel integrated • Triple Junction Cell introd
Slide 32: Current CPV Dish System Specification
Current CPV Dish System Specification For personal use only • 40kW(DC) Dish system design • 8x8 module array receiver • Flux Modifier for uniform power generation • High reflectivity mirror – internal design • High accuracy, dual axis, tracking system • High average output throughout the day • Year
Slide 33: Receiver and Control Design Advantages
Receiver and Control Design Advantages •Receiver For personal use only • A patented solution • Secondary optics ensuring even flux distribution • Integrated manifold cooling of optics • Power electronics • Instrumentation • Power and data connections • Inherent fail safe protection •Control Systems
Slide 34: Dish Structure: New MK5.3 Design
Dish Structure: ‘New MK5.3 Design’ Final field testing to be completed in current program For personal use only • Environmental • Wind Speed - 41m/s peak • Snow loading • Fatigue • Seismic • 4 generic foundations • galvanised or painted steel structure • Installation • Simple and easy site assembly
Slide 35: Balance of Systems
Balance of Systems Dish Electrical System and Cooling System For personal use only • Converts DC to AC • Diesel interconnect capable • Grid interconnect capable • Supplies power to dish auxiliaries • Drive System • Cooling System • Provides feedback from • Motors • Limit switches • Receiver data con
Slide 36: Heliostat Design for CPV
Heliostat Design for CPV ‘Next Generation for CPV Solar Systems’ For personal use only • Proof of Concept completed 2008 • Utilizes core Dense Array module as building block • Working system installed at Bridgewater test facility • Current design 140kW(DC) • 16 x 16 module array • Development suspen
Slide 37: Key Priorities of Solar Systems Business
KEY PRIORITIES OF SOLAR SYSTEMS BUSINESS For personal use only Solar Systems CPV Technology close to deployment with ultra-high efficiency compact solar module platform Silex completing final areas of improvement and validation: – Module Reliability and Certification needed – Automation of Module pr
Slide 38: Next Steps
Next Steps: For personal use only Complete commercialisation program Develop business relationships with key potential customers Seek Federal & State funding incentives for Solar Systems technology deployment in the US in late 2011 timeframe Build first demonstration facility in the US – 2011 Build