the solutions provider for the commercialisation of graphene Presentation November 2014

Transcription

1 the solutions provider for the commercialisation of graphene Presentation November 2014

2 Disclaimer This presentation document and its content (the Presentation ) has been prepared by Haydale Graphene Industries PLC (the Company ) for informational purposes only. This Presentation is confidential and should not, unless otherwise agreed in advance in writing by the Company, be copied, distributed, published or reproduced (in whole or in part) or disclosed by any recipient to any other person. This Presentation has been prepared by the Company and is based on information currently available. 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3 Graphene Thinnest imaginable material Largest surface area (c.2,630 m² per gram) Strongest material ever measured (theoretical limit) Stiffest known material (stiffer than diamond) Most stretchable crystal (up to 20% elasticity) Record thermal conductivity (outperforming diamond) Completely impermeable to gases Conducts electricity in the limit of no electrons

4 The Graphene challenge Challenges include: Graphene as a carbon is relatively inert Properties not realised unless dispersed and bonded Tailored functionalisation is crucial for dispersion Structural integrity must be maintained Light sensitive graphene chip Production must be repeatable and cost effective Production route must be scalable Environmental impact must be minimal

5 The Haydale Opportunity WHAT WE ARE: Solutions provider with a patent applied for enabling technology Value added process for both raw material suppliers and manufacturers Not a manufacture of Graphene or CNTs WHAT WE OFFER: Dry environmentally friendly, low temperature, plasma process that treats nano materials - generates uniform dispersion Simple one stage process that functionalises and removes impurities Options to get the best result: the right material with the correct functionalisation to optimise the properties of Graphene And/or CNTs

6 The Haydale approach

7 The Haydale Solution Functionalisation and Dispersion Epoxy (no filler) 0.5 wt% NON Functionalised CNT in epoxy resin 0.5 wt% Functionalised HDPlas CNTs in epoxy resin

8 Dispersion Improvements - oil HDPlas MWCNT in Oil As supplied MWCNT in Oil

9 Flexible Conductive Graphene Ink

10 Underpinning the Strategy Materials evaluation AMG Mining strategic collaboration. Others under discussion Functionalised powders - Goodfellow, INSCX, Graphene Supermarket, AMG Inks and Coatings using Graphene Collaboration with WCPC Realise exceptional electrical, barrier and thermal properties in conductive ink/ oil & gas/ 2D and 3D printing Composites-leader in Graphene uptake-route to market through EPL Strength and stiffness with Graphene loaded epoxy resins Light weighting Energy Harvesting Crowded and large market- value $8bn Niche products under evaluation

11 Sector Criteria Inks and Coatings/Composites/Energy Why? Early adopters/innovative Used other nano materials Looking for technical advantage Seeking material USP Less need to change capital equipment Clear route to market - size

12 Forecast growth of graphene markets Source: IDTechEx, Graphene Analysis of Technology Markets and Players

13 EPL Composite Solutions Formed in 1992 EPL are a leading research, development and consultancy business specialising in the design, development, testing and certification of composite solutions for the energy, infrastructure and transportation markets. 17 Highly Qualified Mechanical/Design Engineers and Technicians Latest CAD/FEA Software 2 Prototyping and Testing Workshops Excellent Links to Leading Universities/Academics

14 EPL Composite Developments Over the past 22 years the company has successfully developed a number of composite applications, including : Rebars Crash Barriers Sign Posts Cross Arms Semi- Trailers Utility Poles Oil/Gas Pipelines

15 Composites a case study Quickest route to market UK Resin supplier Base epoxy resin - standard product Mix with levels of GNP s - properly functionalised Third party test results indicative substantial improvements at 2% loading Strength and stiffness Light weighting Next Steps Finalise data Independent verification Desk top cost/benefit analysis Target resin suppliers Demand Pull

16 % Change on Zero fill UK resin project - initial findings 250% 200% 150% 100% 50% 0% % GNP fill Yield Strength UTS Tensile Modulus Extension to Fail UTS - Aero Tensile Modulus -Aero

17 Cardiff University- Carbon Fibre data

18 Barrier Coatings a case study Impermeability Oil and Gas Industry Market for pipe construction in 2008 was $39bn Barrier Coatings - spray Hydrocarbon issues Primarily steel - corrosion Reinforced Thermoplastic Pipe - pin holes Next Steps Collaboration partners Graphene barrier layer Project plan Desk top cost/benefit analysis API testing

19 Operational progress - Tantec A/S Danish plasma manufacturer First model arrived Jun 14 fully commissioned and operational. Processing parameters now fixed Increased capacity by 100% Two more reactors ordered for Dec 14 Larger Technology Demonstrator for Q capable of multiple tonnes In discussion with several parties interested in 2015 placing in centres of excellence

20 Commercial objectives and outlook REVENUE Sales from agents leads Korea USA Promotion of technology Centres of Excellence Further collaboration and distribution agreements Scale up of manufacturing capacity Toll Processing Investment in facilities Wet Labs Graphene infused resin product launch

21 Website: Tel: +44(0)

22 Appendices 1. Logos 2. Haydale Evolution 3. Historic Financial results 4. Aerospace results and opportunity 5. EPL capability 6. IPO Investment 7. Haydale Technology

23 Haydale Parent Company (plc) Subsidiary Acquisition- Composite Solutions Brand Name Nano material specialists A solution provider with a value added process

24 Haydale Evolution Innovative Carbon Ltd. (ICL) purchased Haydale in May 10 Invested 4.4m to Jan 14 to support expansion and growth Process patent applications in International phase started New bespoke facility processing nano materials opened May 13 Market testing on UK conductive Graphene based ink in Jun 13 No metal additives, 15 ohms/sq, coverage 550 cm²/gm Current functionalisation of nano particles: up to 2 tonnes Functionalisation process positively reported on by NPL - Feb 14 ISO 9001 accreditation Jan 2014 and now ISO Launched IPO in April 14 as Haydale Graphene Industries plc Acquired composite specialist EPL on 1 st November 2014

25 Profit & Loss 000 FY14 FY13 REVENUE Other income Total income Administrative expenses Costs of admission to AIM (424) - Research and development expenditure (416) (478) Other administrative expenses (1,491) (724) (2,331) (1,202) Finance costs (14) (5) LOSS BEFORE TAX (2,216) (1.061) Taxation LOSS FOR THE YEAR (2,145) (992) Diluted loss per share ( ) (0.28) (0.18) Other income = grants m grant funded projects secured for R&D spend expected to increase in FY15 in line with product development Overheads expected to increase due to expansion of sales and marketing efforts

26 Balance Sheet June June 2013 Non-current assets 1,132 1,160 Inventories Trade and other receivables Cash and bank balances 5, Trade and other payables (300) (290) Deferred income (46) (107) TOTAL NET ASSETS 6, Equity funding of 8.4m in year transformed balance sheet Strong platform from which to develop products and build revenues

27 Cashflow Statement 000 Year ended 30 June 2014 Year ended 30 June 2013 Loss before taxation (2,216) (1,061) Adjustments (non-cash items) Operating cash flow before working capital changes (1,962) (897) Cash used in operations (change in working cap) (218) 57 Income tax received Net cash flow from operating activities (2,108) (787) Capex and finance costs (150) (218) Proceeds from issue of share capital (net) 7, Grants received Issue of convertible debt 79 - Net cash flow from financing activities 7, Net increase / (decrease) in cash and cash equivalents 5,623 (95) Cash and cash equivalents at beginning of the financial year Cash and cash equivalents at end of the financial year 5, Capex budgeted at > 0.7m in FY15 to be offset by grants/asset finance. No licence income budgeted for FY15

28 Epoxy Resin Enhancement Aerospace Corp Accepted for publication in a peer reviewed journal in April 2014 Haydale GNP cited Significant strength improvements in toughened epoxy composites The addition of increasing amounts of GNP resulted in significant strength increases and toughness improvements over that of similarly cured, unreinforced material. Marketing opportunity! Reported in the Journal of Applied Polymer Science /APP.40802

29 Aerospace Corporation As you know, there is much interest in all things carbon nano, however most of the results I've observed have large scatter with low contributions with regards to mechanical properties. I manufactured 6 loading concentrations for my composites, and I expected to see a degradation or at least a saturation in properties as is usually the case somewhere toward the later half. I was very surprised to see that your material kept significantly improving both in strength and modulus values.. US Govt funded researcher

30 And there is more Our tensile strength and modulus results have been outstanding and increases as a function of loading have shown continuous increases of over 100% at relatively higher loading levels. Your split plasma method is very efficient with regards to uniformity.

31 EPL Composite Solutions Established R&D and Commercial Team Capable of Developing and Commercialising New Graphene Enhanced Composite Products Initial Focus -Development of Graphene Enhanced Thermosetting and Thermoplastic Polymer Formulations and Polymer Composite Products Enhancement of Existing EPL Products and Applications ( e.g oil/gas permeation resistant polymer liners) Development of New Graphene Polymer Composite Solutions ( e.g 3D Printing )

32 Haydale Investments IPO April raised 6.6m Premises - new wet labs for prototyping Capital equipment Established sales teams in USA and Far East Marketing Seminars and exhibitions Global Market - Extensive travel Asia, USA, Germany, Spain

33 Haydale Process Technology rotating drum containing nanomaterials central electrode Plasma spectra influenced by the atmosphere nano materials falling through the plasma plasma