Silex Systems Limited · ASX:SLX
Silex Systems — Shareholder Meeting (November 2003)
30 slides from Silex Systems's shareholder meeting presentation, Nov 26, 2003
Slide 1: AGM – 26 Nov 2003
SYSTEMS LIMITED A UNIQUE TECHNOLOGY COMPANY
Slide 2: Forward looking statements
Silex Systems Limited 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, Translucent technology and Fiberbyte technology. Most of the company's technologies are in the de
Slide 3: Vision
Vision OUR MISSION : To become a world leader in: Isotopically Engineered Materials and Applications ‘Wafer-Scale’ Semiconductor and Photonics Technologies
Slide 4: Vision: Our Strategy
Vision OUR STRATEGY : to accelerate the commercialisation of our technologies, and to penetrate markets efficiently through alliances with key industry players.
Slide 5: Technologies and Target Markets
Technologies and Target Markets 1) SILEX Technology Division Est Market Size (Sydney) US$ Nuclear Industry Materials ~ $3,500M (Uranium, Zirconium) Semiconductor Industry Materials > $1,000M (Silicon, Carbon) Medical Diagnostic Materials > $100M (Oxygen, Carbon) 2) Semiconductor/Photonics Est Market
Slide 6: SILEX Uranium Enrichment Project
SILEX Uranium Enrichment Project SILEX v Existing Technologies SILEX CENTRIFUGE GAS DIFFUSION INVENTED 1990’s 1940’s 1940’s Laser Excitation Mechanical Mechanical PROCESS (centrifugal force) (compression/diffusion) ENRICHMENT EFFICIENCY 2 to 20 1.25 1.004 ESTIMATED COST $30~$40 $70~$80 >$100 PER UNI
Slide 7: Uranium Enrichment Market
Uranium Enrichment Market Urenco Eurodif 14% 24% Others 4% USEC Tenex 33% 25% • USEC withdrew from the SILEX uranium project in May 2003 after6 yrs support. • We believe the withdrawal was triggered by pressure from DOE to develop their American Centrifuge Technology, and preserve USEC’s monopoly on
Slide 8: Lucas Heights Laboratories
Lucas Heights Laboratories DM Laboratory
Slide 9: Lucas Heights Laboratories
Lucas Heights Laboratories DM Laser Lab
Slide 10: SILEX Stable Isotopes Project
SILEX Stable Isotopes Project a) SILICON Enrichment : – technical feasibility demonstrated efficient enrichment (Semiconductor Market) – economic feasibility underway – Pilot Plant Program – commission Pilot Plant Q1 ’04 – preliminary results/economics mid ’04 dovetail with Sumitomo Mitsubishi wafer
Slide 11: Stable Isotopes Project
Stable Isotopes Project Lucas Heights Laboratories
Slide 12: Silex Semiconductor Division
Silex Semiconductor Division Silex Projects Focus on Solutions to Fundamental Semiconductor & Photonics Problems • Division grew out of SILEX Technology application to enrich silicon for semiconductor industry. • Projects expanded to encompass potential wafer-scale solutions for a number of critical
Slide 13: Translucent
Translucent Silicon Planar Lightwave Circuits (SPLC) • Translucent well positioned to pursue initial opportunity in photonics markets currently worth ~US$4 billion p.a. – April 2001: Silex acquired a 30% interest in Translucent Photonics Inc – Palo Alto based start-up for US$5M (~A$9.6M). • The US$5
Slide 14: Translucent: Overview of the Technology
Translucent Overview of the Translucent Technology • Translucent aims to bring Silicon economics to Telecommunications. • In its natural form, Silicon is an “indirect band-gap” material that can’t be used for optical communications. – This forced the use of expensive “compound semiconductors” (eg. G
Slide 15: Translucent: Silicon Planar Lightwave Circuits
Translucent Silicon Planar Lightwave Circuits (SPLC) CURRENT TECHNOLOGY TRANSLUCENT TECHNOLOGY • Expensive, discrete components • 10 x lower cost • Fully integrated silicon VLSI
Slide 16: Optical Communications - Today
Optical Communications - Today Technology Bandwidth Tbps ‘Optical World’ High Cost Optical Fibre/ Gbps GaAs-InP ‘Electronic World’ Mbps Low Cost Copper Wire/Silicon Kbps
Slide 17: Optical Communications - Translucent
Optical Communications - Translucent Technology Bandwidth Tbps ‘Optical World’ Low Cost Optical Fibre/ Silicon Gbps ‘Translucent World’ Gbps Low Cost Integrated Silicon Opto-electronics Gbps
Slide 18: Translucent Photonics: MBE Facility
Translucent Photonics MBE Facility
Slide 19: Silicon Isotope Superlattice (SIS)
Silicon Isotope Superlattice (SIS) Silicon Electron Mobility • Silicon – very cheap but mediocre electronic performance. • SIS aims to increase electron mobility in silicon higher speed/performance. • R&D Program (with Prof. Itoh Group – Keio Uni, Tokyo) aims to demonstrate technical and economic vi
Slide 20: SILEX Enriched Silicon Wafers
SILEX Enriched Silicon Wafers Thermal Management • Using enriched Silicon can reduce thermal overload in today’s microprocessors major problem with 100M transistors per chip. • Potentially large market for advanced microprocessors and communications devices – silicon wafer industry > US$6,000M p.a.
Slide 21: Fiberbyte Technology
Fiberbyte Technology • Fiberbyte P/L - Adelaide based optical communications company. • Fiberbyte has two unique technologies: 1. Fibre Optic Test Equipment Technology. 2. “USB Real Time” Communications Platform Technology. • Silex has acquired an 83% interest in Fiberbyte in return for A$5M develop
Slide 22: Fiberbyte Technology
Fiberbyte Technology 1. Fibre Optic Test Equipment (FOTE) Technology: • Current world market ~ US$500M p.a. with growth potential. • Integral to development, installation, operation & maintenance of all optical communications equipment and networks. • Fiberbyte targeting both the Telco and Aerospace
Slide 23: Silex Facilities and Resources
Silex Facilities and Resources HUMAN RESOURCES Uranium Project - 20 Sydney Stable Isotope Project - 8 Sydney Translucent - 5 California Fiberbyte - 13 Adelaide The Silex research teams are world-class, and include 14 PhD’s, 10 Engineers and 14 Technicians. FINANCIAL RESOURCES Silex has cash of ~ A$3
Slide 24: Silex Priorities - 2004
Silex Priorities - 2004 1. Focus on commercialising existing technologies 2. Identify new uranium project partner 3. Develop initial commercial venture for Translucent 4. Commercialisation decisions - SILEX silicon, oxygen projects. 5. Set Silex on path to be cash flow positive in ~ 2 yrs
Slide 25: Summary
Summary • Silex - A mission focused technology company. • Excellent Resources - Technical Teams - Facilities - Funding • Intellectual Property Protection - Patent Applications - Classification • Clear Corporate Strategy - Alliances with industry leaders - Broad exploitation of core technology - Dive
Slide 26: SILEX: A unique company developing technology and advanced materials
SILEX A unique company developing technology and advanced materials for the 21st Century.
Slide 27: Resolutions
RESOLUTIONS 27
Slide 28: Resolution 1
Resolution 1: This resolution is an ordinary resolution to receive and consider: “THAT the Financial Report, including the Directors’ Declaration for the year ended 30 June 2003, and the related Directors’ Report and Audit Report be accepted”. FOR 14,005,387 AGAINST 11,711 OPEN 1,354,220 ABSTAIN 74,
Slide 29: Resolution 2
Resolution 2: This resolution is to re-elect Mr Peter Campbell as a Director of the Company and reads as follows: “THAT Mr Peter Campbell who has held office as a Director for over three years and retires in accordance with the constitution of the Company, be re-elected as a Director of the Company”
Slide 30: Systems Limited
SYSTEMS LIMITED A UNIQUE TECHNOLOGY COMPANY 30