Silex Systems Limited · ASX:SLX
Silex Systems — Shareholder Meeting (November 2010)
44 slides from Silex Systems's shareholder meeting presentation, Nov 19, 2010
Slide 1: Silex Systems Ltd 2010 AGM
For personal use only Silex Systems Ltd 2010 AGM November 23, 23 2010 © Silex Systems Limited 2010
Slide 2: Presentation Outline
Contents P2 P Presentation t ti Outline O tli For personal use only 1. Corporate Overview 2 The SILEX Uranium Enrichment Technology 2. 3. Global Solar Power Opportunity 4. Solar Systems Utility Scale PV 5. SilexSolar Flat Panel Business 6 Translucent Advanced Materials 6. November 2010 © Silex Syste
Slide 3: Forward Looking Statements
Contents P3 Forward Looking Statements For personal use only Silex is a research and development p Company p y whose assets include its p proprietary p y rights g in technologies, g , including g but not limited to, the SILEX technology, the Silex Solar technology and business, the Solar Systems tec
Slide 4: Disclaimer
Contents P4 Disclaimer For personal use only Silex Systems y Ltd ((Silex)) has p prepared p this p presentation based on information available to it. The information in this p presentation does not p purport p to be a complete description of Silex and/or its various business activities. Except as re
Slide 5: Silex Systems Limited - Corporate Overview
For personal use only Section 1 Silex Systems Limited - Corporate Overview © Silex Systems Limited 2010
Slide 6: Silex Systems Corporate Overview
Section 1 P6 Silex Systems Corporate Overview For personal use only • Silex Systems founded in 1988 1988, based in Sydney Sydney, Australia • Foundation project – SILEX Laser Enrichment Technology for nuclear fuel production being commercialised by Global Laser Enrichment in USA • Silex listed on Au
Slide 7: Silex Corporate Structure
Section 1 P7 Silex Corporate Structure For personal use only Silex Systems Ltd ASX: SLX HQ: Sydney, Australia The SILEX Uranium Technology www silex com au www.silex.com.au Silex Solar Pty Ltd Solar Systems Pty Ltd Translucent Inc Chronologic Pty Ltd S dne Sydney Melbourne Palo Alto, Alto USA Adelai
Slide 8: Silex Systems Financial Status Summary
Section 1 P8 Silex Systems Financial Status Summary For personal use only • Cash reserves as at 31/10/10 – approximately $30 million • Company p y remains debt-free • Group Cash burn (ex-SilexSolar) – approximately $800k per month • SilexSolar – further working capital requirements to end Q1 2011 –
Slide 9: The SILEX Uranium Enrichment Technology
For personal use only Please supply appropriate image Section 2 The SILEX Uranium Enrichment Technology © Silex Systems Limited 2010
Slide 10: Nuclear Power Today
Section 2 P10 N l Nuclear P Power T Today d For personal use only 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) • 300+ being built / planned with accelerated development in Asia •
Slide 11: Four Steps to Make Nuclear Fuel
Section 2 P11 Four Steps to Make Nuclear Fuel For personal use only Uranium Enrichment is Key to Nuclear Fuel Economics 1. Uranium ore mined 2. Oxide is converted into 3. The uranium (as UF6) 4. Enriched uranium is and milled into gaseous fluoride in is enriched (or then ‘packaged’ in fuel ‘yellowca
Slide 12: SILEX Vs Existing Technologies
Section 2 P12 SILEX Vs 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(1) Very High Low Very Low Cost Comparison Potentially Attractive
Slide 13: The GE – Silex Agreement
Section 2 P13 The GE – Silex Agreement For personal use only • Exclusive Worldwide Commercialisation and License Agreement for the SILEX Uranium Enrichment Technology. • Technology Commercialisation Program – funded by Global Laser Enrichment (GLE), a business unit of GE ((51%), ), Hitachi (25%) ( )
Slide 14: Silex Technology Commercialisation Program
Section 2 P14 Silex Technology Commercialisation Program For personal use only Oct 06 • Phased Development and Demonstration Program T t Loop Test L Program P > Jointly conducted (commenced October 2006) commences > Fully funded by GLE partners GE, Hitachi & Cameco July 09 • Test Loop Program Test L
Slide 15: Test Loop Project Status
Section 2 P15 Test Loop Project Status For personal use only • Objectives of Test Loop: > Demonstration of key technology performance criteria (completed April 2010) > Confirm and optimise plant-scale design parameters > Demonstrate production equipment reliability and efficiency • Test Loop Status:
Slide 16: Solar Photovoltaic Technology and Opportunity
For personal use only Section 3 Solar Photovoltaic Technology and Opportunity © Silex Systems Limited 2010
Slide 17: Huge Potential for Solar Energy
Section 3 P17 Huge Potential for Solar Energy For personal use only Expected to Ramp Significantly Driven by 4 Key Growth Factors (GW) Expected Annual Global Solar Demand (2) • Concerns regarding energy security • Rising price of conventional energy sources • Tightening regulations to limit fossil-f
Slide 18: The Global Solar Opportunity
Section 3 P18 The Global Solar Opportunity For personal use only • A new era has dawned for solar power - driven by energy policies addressing climate change • Solar power is the perfect match for highest peak demand on electricity grids • The cost of solar power is rapidly declining - solar power i
Slide 19: Huge Global Potential for CPV Solar Power
Section 3 P19 Huge Global Potential for CPV Solar Power For personal use only • Vast regions with high quality solar insolation for CPV • Ideally situated near high population regions • North America, Mediterranean, Middle East, Central Asia … November 2010 © Silex Systems Limited 2010
Slide 20: Solar Systems Utility Scale PV
For personal use only Section 4 Solar Systems Utility Scale PV Dense Array CPV Solar © Silex Systems Limited 2010
Slide 21: Solar Systems Overview
Section 4 P21 Solar Systems Overview For personal use only • Solar Systems has been developing world world-leading leading Concentrating Photovoltaic (CPV) technology for 20 years in Melbourne, Australia • Solar Systems CPV technology based on the unique ‘Dense Array Converter’ concept using the mos
Slide 22: Solar Systems Unique Dense Array Architecture
Section 4 P22 Solar Systems Unique Dense Array Architecture For personal use only 140m2 24 2 0.24m 0 36cm2 November 2010 © Silex Systems Limited 2010
Slide 23: Dense Array Module Overview
Section 4 P23 Dense Array Module Overview For personal use only Highest Efficiency Solar Cells • Conversion Efficiency ~40% Dense Array Cell Packing • Maximizes output • Minimizes material needed to accompany cells Active Cooling • Maximizes electricity production • Enhances product reliability and
Slide 24: Automated Module Assembly Line
Section 4 P24 Automated Module Assembly Line For personal use only • Installed in 2009 – currentlyy being g commissioned (cost ~$25 million) • Sized for 500 MW/year production capacity • 400 m2 Class Cl 10k Clean Cl R Room ffacility ilit • Leading capabilities in: > High speed and precision die bond
Slide 25: Key Advantages of Dense Array CPV Technology
Section 4 P25 Key Advantages of ‘Dense For personal use only Array’ CPV Technology • Based on ultra-high efficiency triple junction cells • Low Upgrade Cost (now ~40% cells, future ~50+%) • Low Maintenance Solution (no moving parts) • Lower PV Cell Operating Temperature for Dense Array y technology
Slide 26: CS500-5 CPV Dish System Product
Section 4 P26 CS500-5 CPV Dish System Product For personal use only 40kW(DC) CPV Dish System • First Product – to market in 2011 • Based on unique dense array receiver concept • High accuracy, dual axis, tracking system • High g average g output p throughout g the day y • Designed to IEC Standards •
Slide 27: Power Tower Heliostat Design for CPV
Section 4 P27 Power Tower’ Heliostat Design for CPV For personal use only Next Generation for CPV Solar Systems • Proof of Concept completed 2008 – development incomplete (another ~ 5 yrs) • Utilizes core Dense Array module building block used in Dish systems • Operational pilot system installed at
Slide 28: Solar Systems CPV Solar Plant Operating Experience
Section 4 P28 Solar Systems CPV Solar Plant For personal use only Operating Experience 10+ Years Operations with 5 CPV Installations CPV Dish Solar Power Facilities: • 5 power plants installed in central Australia • Triple Junction Cell introduced 2005 – 2x efficiency of silicon cells (>4x Thin Film
Slide 29: Key Milestones for Solar Systems
Section 4 P29 Key Milestones for Solar Systems For personal use only November 2010 © Silex Systems Limited 2010
Slide 30: Aerial view of the Bridgewater Demonstration Facility
Section 4 P30 For personal use only Aerial view of the Bridgewater Demonstration Facility Solar S l PV Power P Station St ti – Hermannsburg, N.T. November 2010 © Silex Systems Limited 2010
Slide 31: Silex Solar Mono-Silicon Flat Panel Business
Designer to review For personal use only Section 5 Silex Solar Sydney Olympic Park Mono-Silicon Flat Panel Business (100% subsiduary of Silex Systems) © Silex Systems Limited 2010
Slide 32: Overview – Solar Panel Business
Section 5 P32 Overview – Solar Panel Business For personal use only • June 2009 - Silex Solar P/L acquired solar manufacturing facility at Sydney Olympic Park (SOP) from BP Solar • The only PV cell and panel manufacturing facility in Australia - all other PV panels imported p p – mainlyy from Asia •
Slide 33: Technology Roadmap Plan (PV Panels)
Section 5 P33 Technology Roadmap Plan (PV Panels) For personal use only Target Efficiency -Volume Indicative Time Stage Cell Technology Platform Production to Market 1 Optimised conventional mono- ≈ 17+% Mid 2010 silicon processing 2 Advanced mono mono-silicon silicon front ≈ 18 18+% % Early 2011 co
Slide 34: Technology Roadmap (PV Panels)
Section 5 P34 Technology Roadmap (PV Panels) For personal use only New PV Technology R&D Project Announced • Aim is to be a world leader in high efficiency SilexSolar Enters mono-silicon rooftop solar panel technology New Research Partnership • Australian Solar Institute R&D Project j Recently, the
Slide 35: Solar Cell Process Lines in Operation
Section 5 P35 Solar Cell Process Lines in Operation For personal use only November 2010 © Silex Systems Limited 2010
Slide 36: Newly Installed Automated Panel Assembly Equipment
Section 5 P36 Newly Installed Automated Panel Assembly Equipment For personal use only November 2010 © Silex Systems Limited 2010
Slide 37: End of the Line – a finished solar panel
Section 5 P37 E d off the End th Line Li – a finished fi i h d solar l panell For personal use only November 2010 © Silex Systems Limited 2010
Slide 38: Translucent Advanced Materials Technology
For personal use only Section 6 Translucent Advanced Materials Technology
Slide 39: Translucent Inc – Overview
Section 6 P39 T Translucent l t Inc I – Overview: O i For personal use only • Founded in 2001 and located in Palo Alto Alto, California • 98% owned by Silex (path to 100% secured) • Focused on custom epitaxial ‘Rare-Earth’ materials development for semiconductor substrate platform technology ¾ Appli
Slide 40: Overview of Technology Projects
Section 6 P40 Overview of Technology Projects: For personal use only • Silicon-on-insulator (cSOI™) virtual substrates (currently ~$700 million pa market) Enables 1-step, 1-wafer low cost solution Constructed new 6” wafer reactor, now producing wafers f for f Tier Ti 1 semiconductor i d t customert
Slide 41: REO is a Platform Technology
Section 6 P41 REO is a Platform Technology For personal use only • Innovative cost reduction platform enabling use of low cost silicon wafers Silicon GaAs Triple Junction Solar Cell GaN LED (single crystal) Rare Earth Oxide (Replaces Si02) Rare Earth Oxide Rare Earth Oxide Silicon wafer Silicon wafe
Slide 42: Patent Progress
Section 6 P42 Patent Progress For personal use only • 34 issued patents (USPTO); 37 pending • Key K areas: SOI SOI, and d “on-Silicon” “ Sili ” ttechnologies h l i Filed Pending Issued 20 16 #'s of patents s 12 8 4 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Year 2010 is the biggest IP/paten
Slide 43: Translucent Progress Summary
Section 6 P43 Translucent Progress Summary: For personal use only • Silicon-on-insulator (cSOI™) wafers for power ICs/MEMs We designed and developed new 6” wafer reactor New 6” wafers will go for customer evaluation 4Q10 REO thermal conductivity is ~40X higher than Silicon Dioxide • Germanium-on-sil
Slide 44: End - Thank you
For personal use only End - Thank you y © Silex Systems Limited 2010