Nuburu, Inc. · AMEX:BURU
Nuburu — SPAC Merger (December 2022)
55 slides from Nuburu's SPAC merger presentation, December 2022
Slide 1: Confidential
1 | Confidential Confidential
Slide 2: Disclaimer
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 with this pres
Slide 3: Use of Market Data
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. Further, no rep
Slide 4: World Class Management Team
World Class Management Team Ron Nicol Dr. Mark Zediker Brian Knaley Brian Faircloth Andrew Dodd Executive Chairman CEO CFO COO VP of Global Sales 30+ years of experience 30 years of experience 25 years of experience 18 years of experience 30 years of global business consulting growth companies as an
Slide 5: Tailwind Acquisition Corporation (TWND) Overview
Tailwind Acquisition Corporation (TWND) Overview Tailwind At A Glance Tailwind Differentiators Purpose-built to support visionary founders Built by founders and operators, for founders and operators Approximately $33M held in trust Significant track record of scaling public and private compa
Slide 6: Summary Transaction Overview
Summary Transaction Overview Leading blue laser technology company poised to disrupt and enable multiple fast growing addressable markets and promote a NUBURU at a Glance sustainable future ~40 systems shipped to ~27 customers 180+ granted and pending patents and applications Track record of
Slide 7: Innovative Preferred Share Structure Benefits Stockholders
Innovative Preferred Share Structure Benefits Stockholders 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 receive one unlisted preferred shar
Slide 8: Key Investment Highlights
Key Investment Highlights Leading Blue Proprietary Compelling Experienced, Growing Market Laser Company Technology Business Model Founder-led Adoption Leadership Disrupting and Extensive IP portfolio Blue chip companies Pioneering, founder- 40 systems shipped to enabling fast growing in la
Slide 9: NUBURU: The Blue Laser Company
NUBURU: The Blue Laser Company | Confidential
Slide 10: NUBURU Solves Key Manufacturing Problems
NUBURU Solves Key Manufacturing Problems Manufacturing Challenges Solution Enormous Growth in Electric Higher Speed and Yield to Manufacture Vehicle Production Batteries and EV Components Rising Complexity of Manufacturing Able To Produce Difficult to Make Components Consumer Electronics at Higher S
Slide 11: Why the Blue Laser is the Superior Solution
Why the Blue Laser is the Superior Solution Weld Better, Print Faster, and be More Precise With Blue Blue Wavelength Inherently Advantaged Major Advantages of NUBURU Blue Laser Spot Size Significantly Smaller Than Infrared NUBURU Began IP Protection In 2013 Superior Brightness 7 Years Of Blu
Slide 12: Fundamental Enabling Technology for Multiple Markets
Fundamental Enabling Technology for Multiple Markets $4B → $33B Enabling Projected Growth 180+ Technology for a in Serviceable Patents and Sustainable Addressable Applications2 Future Markets in Next Decade1 8x faster & low to 10x larger & up to no defect 7x faster 3D welding3,5 printing3,4 12 | Con
Slide 13: NUBURU's Blue Lasers Today: Core Applications
NUBURU's Blue Lasers Today: Core Applications Sensors, Power Electronics & Lighting Electric Motors Battery Pack Metal 3D Printing Welding Superior in terms of size of print, Address the tens of thousands of breadth of materials, and overall welds in an EV1. Can work with resolution that can be achi
Slide 14: The Future is Brighter with NUBURU
The Future is Brighter with NUBURU Enabling Technology for a Sustainable Future ~5x more 70% reduced Spear-heading energy waste More durable, electrification efficient 3D printing vs. longer-life end and a carbon- welding process subtractive products free future than IR lasers1 manufacturing2 14 | C
Slide 15: NUBURU's Blue Lasers Addresses Multiple Large Markets
NUBURU's Blue Lasers Addresses Multiple Large Markets 10,000+ Test Welds and 200+ Applications Conducted Industrial Welding 3D Printing Mission-critical Applications Mission-critical Applications Maximum mechanical and electrical High speed production weld performance High filling factor densi
Slide 16: NUBURU's Markets Projected to Grow
NUBURU’s Markets Projected to Grow Total Addressable Market (TAM) Serviceable Addressable Market (SAM) 1 2 1 2 2 2 3, 4 2 2, 3 (1) Source: AMPOWER 2022 and NUBURU estimates based on customer feedback. (1) Source: AMPOWER 2022 and NUBURU estimates based on customer feedback. (2) Source: Laser Focus W
Slide 17: NUBURU's Blue Laser Target Markets and Ecosystem
NUBURU's Blue Laser Target Markets and Ecosystem Tested with 30+ Potential Customers; 40 Lasers Delivered Batteries & Consumer Energy Electronics Storage 5 of Top 20 9 of Top 20 Engaged Engaged E-Mobility 3D Printing 5 of Top 20 5 of Top 20 Engaged Engaged 17 | Confidential Confidential (1) Data as
Slide 18: NUBURU's Success Driven by Sector Megatrends
NUBURU's Success Driven by Sector Megatrends “Picks and Shovels” of Modern-Day Manufacturing 18 | Confidential Confidential Note: The companies listed above represent target markets and do not represent a customer list.
Slide 19: NUBURU's Blue Laser: Superior Form of Industrial Welding
NUBURU's Blue Laser: Superior Form of Industrial Welding Myriad advantages of NUBURU result in significantly higher potential ROI NUBURU INFRARED ULTRASONIC RESISTANCE No Spatter / Safety Low to No Defect1 Manufacturing Yield Remote Welding Capability Process Speed2 Process Energy Efficiency Good Ma
Slide 20: Comprehensive IP Strategy Secures First Mover Advantage
Comprehensive IP Strategy Secures First Mover Advantage Over 7,500 claims filed across all aspects of NUBURU's current and future technology 180+ since 2013 with 100s of trade secrets Granted and Pending Patents and Applications 20 | Confidential Confidential Note: Patent position as of June 2022.
Slide 21: History of Technical and Technological Progress
History of Technical and Technological Progress 112 Total 142 Total 180+ Total Patent Patent Patent Applications Applications Applications1 500W 650W >1000W 2013 2016 2018 2020 2022-Forward First high-powered Beta program and - Over 10,000 customer - High brightness laser blue laser patent market va
Slide 22: Made in the USA: NUBURU's Blue Laser Technology
Made in the USA: NUBURU's Blue Laser Technology ~30,000 sq. ft headquarters near Denver Applications Lab Manufacturing Facility Engineering R&D Demonstration systems Automation Design Center Research Center Welding system Testing + QC Prototyping Clean Room 3D printing Clean Room
Slide 23: NUBURU's Board of Directors Nominees
NUBURU's Board of Directors Nominees Lily Yan Hughes Ron Nicol NomGov Chair Nominee Executive Chair 25+ years of experience as corporate counsel and executive in 30+ years of experience consulting growth companies technology and manufacturing Mark Zediker Kristi Hummel CEO Compensation C
Slide 24: Product Overview
Product Overview | Confidential
Slide 25: Current & Near-Term Core Welding Product Overview
Current & Near-Term Core Welding Product Overview Leveraging Modularity, Similar Housing Electronics to Create Scalability, De-risk Product Development Roadmap AO-650 AI-300/370 AI-500/650 AI-1000/1500 AI-2000/2500 AI-4000/5000 24” 38” 23” Weld of consumer Small-scale Large-scale Small-scale Battery
Slide 26: Current & Near-Term Core 3D Printing Product Overview
Current & Near-Term Core 3D Printing Product Overview Outer Year Product Development Roadmap De-risked Through Strong R&D Capabilities AO-650/AI-X000 SML-100 AI-500/650 SML-500 Plug and play 3D printing DED Plug and play 3D printing, Plug and play 3D printing (Direct energy deposition) Large-scale s
Slide 27: Product Introductions Expected to Drive Market Expansion & Revenue Growth
Product Introductions Expected to Drive Market Expansion & Revenue Growth AO/AI SML 3D Printing Development 27 | Confidential Confidential Pilot Production
Slide 28: NUBURU Solves Key Manufacturing Problems in Consumer Electronics, Cell Phones, and 3D Printing
NUBURU Solves Key Manufacturing Problems in Consumer Electronics, Cell Phones, and 3D Printing NUBURU NUBURU IR LASER ULTRASONIC ADVANTAGES Low to No Defects Defects Not a Solid Weld No Porosity No Spatter Welding Bus Bars Strong Weld Low Resistance Low to No Defects Low to No Defects Limited to Pul
Slide 29: NUBURU is Highly Valuable to Battery and EV Production
NUBURU is Highly Valuable to Battery and EV Production EV Production Requires Tens of Thousands of Welds1 CELL LEVEL MODULE LEVEL PACK LEVEL Sensors, Mechanical Electrical Production Power Electronics & Properties Performance Efficiency Lighting Electric Motors ELECTRODE-TO-TAB CASE SEALING TAB-TO-T
Slide 30: NUBURU is Highly Valuable to Cell Phone Production
NUBURU is Highly Valuable to Cell Phone Production Cell Phone Production Requires Hundreds of Precision Welds1 Cell Phone Battery Welds Cell Phone Camera Lens Welding PHONE BATTERY PHONE STRUCTURE PHONE COOLING Mechanical / Mechanical Thermal Cell Phone Electrical Management Mechanical / Electrical
Slide 31: Confidential
31 Confidential | Confidential
Slide 32: Key Risk Factors
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 are certain of t
Slide 33: Risks Relating to Our Business and Operations (continued)
Risks Relating to Our Business and Operations (continued) Our expectations and targets regarding the times when we will launch our products depend in large part upon assumptions, estimates, measurements, testing, analyses and data developed and performed by us, which if incorrect or flawed, could
Slide 34: Risks Relating to Litigation and Regulation (continued)
Risks Relating to Litigation and Regulation (continued) We must comply with and could be impacted by various export controls and trade and economic sanctions laws and regulations that could negatively affect our business and may change due to diplomatic and political considerations outside of our
Slide 35: Risks Relating to Being a Public Company (continued)
Risks Relating to Being a Public Company (continued) Depending on the level of redemptions, New Nuburu may be a “controlled company” within the meaning of the rules of NYSE American and, as a result, would qualify for, and could rely on, exemptions from certain corporate governance requirements. R
Slide 36: Risks Relating to the Business Combination (continued)
Risks Relating to the Business Combination (continued) TWND may amend the terms of its warrants in a manner that may be adverse to holders of public warrants with the approval by the holders of at least 50% of the then outstanding public warrants. As a result, the exercise price of the warrants co
Slide 37: Risks Related to Ownership of New NUBURU Common Stock and Series A Preferred
Risks Related to Ownership of New NUBURU Common Stock and New NUBURU Series A Preferred Stock Following the Business Combination New NUBURU Common Stock will be subordinated to shares of New NUBURU Series A Preferred Stock issued in the Preferred Stock Issuance. Shares of New NUBURU Series A Pre
Slide 38: Appendix
Appendix | Confidential
Slide 39: Selected Public Comparable Universe For NUBURU
Selected Public Comparable Universe For NUBURU Industrial Lasers / Laser Welding Additive 2.0 Scaled players leveraging current generation laser technology across diversified Highly advanced additive manufacturing peers with growth expected to be applications driven by metal 3D printing tailwind
Slide 40: Metal 3D Printing
Metal 3D Printing | Confidential
Slide 41: NUBURU's Blue Lasers: Superior to Other Metal 3D Printing Technology
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 NUBURU Blue Light Engine c
Slide 42: NUBURU's Blue Lasers Enable Faster Printing Speeds
NUBURU's Blue Lasers Enable Faster Printing Speeds NUBURU has Demonstrated up to 7x Build Speed Increase in Copper and 3x Build Speed Increase in Stainless Steel 7x 3x 1.5x 1.5x Stainless Copper Copper Steel Alloy Titanium Build rates measured in directed energy deposition tests to date 42 | Confide
Slide 43: NUBURU's Blue Lasers Enable Larger Printing Volume
NUBURU's Blue Lasers Enable Larger Printing Volume Infrared Laser Print 10x Larger Metal Components Inconel1 / Copper Alloy Construction compared to infrared capability 43 | Confidential Confidential (1) Inconel refers to a family of austenitic nickel-chromium-based superalloys.
Slide 44: NUBURU's Blue Lasers Enable Copper 3D Printing Almost as Dense as Forged Metal
NUBURU's Blue Lasers Enable Copper 3D Printing Almost as Dense as Forged Metal Infrared Binder Jet 80% Density 85% Density (Post Sintering) >97% Density 44 | Confidential Note: Density relative to forged copper.
Slide 45: Welding & Manufacturing Breakthrough
Welding & Manufacturing Breakthrough | Confidential
Slide 46: NUBURU's Blue Lasers Provide Greater Welding Speeds
NUBURU's Blue Lasers Provide Greater Welding Speeds Copper Welding Speed (Meters per Minute)1 NUBURU Blue 17.5 Copper Welding: 17.5 Meters Per Minute IR 1.5 Air Conditioners: 15X Infrared Cell Phones: 15X Infrared Hydrogen Fuel Cells: 5X Infrared https://youtu.be/qTfzLmUP1Kk 46 | Confidential (1) Ba
Slide 47: NUBURU's Blue Lasers Have Potential to Transform Metal Welding
NUBURU's Blue Lasers Have Potential to Transform Metal Welding – Advancing Industries That Enable a More Sustainable Future Strong Product Value Proposition 8x faster welding (copper) High strength, low resistance welding Low to no defect welding1 Energy efficient welding; lower touch times Welding
Slide 48: NUBURU's Blue Lasers Are the Next Breakthrough for Copper Welding
NUBURU's Blue Lasers Are the Next Breakthrough for Copper Welding CO2 Lamp pumped DPSS Infrared Infrared FIBER NUBURU Lasers Infrared YAG Lasers Lasers Lasers Blue Lasers Copper Absorption <1% Copper Absorption ~5% Copper Absorption ~5% Copper Absorption ~5% Copper Absorption ~65% Replacing torches
Slide 49: Operations
Operations | Confidential
Slide 50: NUBURU's Advisory Board
NUBURU's Advisory Board Best-in-Class Scientific Experts Jean-Michel Pelaprat Bob Galyen Head of Advisory Board Former CTO of CATL NUBURU Co-Founder ~46 Years of international work experience “I co-founded NUBURU with Mark Zediker. Pioneering a real breakthrough technology in the laser secto
Slide 51: From Plug & Play to Exploring Proprietary Next Generation Printing Technology
From Plug & Play to Exploring Proprietary Next Generation Printing Technology Blue Laser 3D Printing Development plan to introduce printers either through organic efforts or acquisition Exploring Area Printing Technology Light Engine Plug and Play Upgrade to Existing & Next Generation Scanner-Based
Slide 52: Automated Manufacturing Process
Automated Manufacturing Process Single Semi-Automated Production Line with Modularity to Enable Scale Manufacturing Automated Automated Automated Automated Blue Diode Suppliers 52 | Confidential Confidential
Slide 53: Illustrative Customer Adoption Timeline
Illustrative Customer Adoption Timeline Welding Adoption Timeline (existing customer) Month 0 Months 1-6 Month 7 Month 15 Month 22 First intro Application First P/O for internal Manufacturing Second P/O & development qualification qualification agreement discussion for 2022 volume supply 3D Printing
Slide 54: Financials
Financials | Confidential
Slide 55: Historical Financial Summary
Historical Financial Summary Key Takeaways: Cash burn has remained below $10M per year while driving technology development and commercialization Statement of Operations Data¹ Nine Months Ended September 30 Year Ended December 31 ~$60 million in private capital raised to ($ in thousands) date from