Maximum Solar Manufacturing Profit

Transcription

1 TSX-V: ACU Maximum Solar Manufacturing Profit Canada Taiwan Cleantech Financing and Strategic Partnership Conference March 25/26, 2013 Forward Looking Statements: Certain of the statements and market data contained in this presentation are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

2 Aurora at a Glance Industrial technology company based in Vancouver, Canada Incorporated in 2009, listed on TSX Venture exchange (TSX-V: ACU) Unique technology to improve solar cell efficiency and profitability during manufacturing Experienced team in process measurement, semiconductor manufacturing and industrial automation Collaborations with major solar manufacturers, University of Alberta, International Solar Energy Research Center Konstanz

3 The Aurora team Key People Gordon Deans, M.Eng., P.Eng., President & CEO Aurora Co-founder. Public company executive officer (Adept Technology, Norsat), Nortel/Bell-Northern Research, 31 years international engineering, sales and business development experience in high-tech Steve Blaine, B.A.Sc. (Eng), Vice President, Engineering Aurora Co-founder. SVP Engineering at Sierra Wireless, 34 years experience in new product development and delivery Kenneth Cadien, Ph.D, P.Eng., Professor, Materials Engineering, U. of Alberta Intel Fellow, IEEE and NRC National Institute for Nano-Technology Fellow, Canada Research Chair in Nanofabrication, leader in thin films and semiconductor manufacturing. 33 patents in semiconductor manufacturing Thomas Schmidt, Director TST-Consultants (CEO), Q.Cells SE (COO), CSG Solar. Extensive international experience in solar cell manufacturing line design, build and operations. Mike Heaven, B.Sc. (Eng), P.Eng., MBA, Director, Chairman of Advisory Board Aurora Co-founder. Honeywell/Measurex (VP Engineering, GM), 10 patents in industrial measurement and control Dr. J. Fraser Forbes, Ph.D, P.Eng., Member, Advisory Committee Chair, Chemical and Materials Engineering, University of Alberta, Leader in process modeling, control and optimization.

4 The Solar Energy Industry Global multi-billion dollar industry growing at 40% per year Target segment: Solar cell manufacturing Systems Raw silicon Extended market segments in wafering and module manufacturing Modules Purified ingots Cells Wafers

5 Our Market Solar manufacturing equipment: instrumentation and control Focus on dominant sector: Crystalline silicon photovoltaic manufacturing Cell manufacturing 48% Module 12% Wafer 18% Ingot 14% Polysilicon 8% Crystalline silicon technology 86% Thin film 12% Other PV technology 2% Data: VLSI Research and Aurora estimates

6 Our Market Size and growth $625M (2013) CAGR to 2016: 12% Long-term CAGR: 35% Ramped PV Manufacturing Capacity vs. Global Installations, E TSX-V: ACU Source: GTM Research, July

7 REQUIRED CURRENT (poor) Consistent top-quality manufacturing Central to the industry s drive for efficiency Quality control method Process Outcome Top-grade product yield (est) Off-line hunting and pecking Manual sampling and production control Variable quality products High labour cost 55-70% Point-by-point measurement Aurora technology Limited independent measurements, manual production control Coordinated measurements, automated control Whack-a-mole fix one problem, only to have others crop up Highest possible product efficiency Now essential for profitable manufacturing of high-efficiency cell designs 70 80% 80 95% This? or this!

8 Product Technologies Decima TM inline measurement systems Proprietary world-class sensor technology Installed throughout the production line Aurora PMC TM production controller Advanced measurement analysis and control software Networked to all Decimas for integrated measurement and control Operating together to boost manufactured cell efficiency and profitability

9 Business Strategy Market entry Aurora's products are here at major pain points, with no other painkillers available

10 Our Market Selected target customers

11 Competitive position Real-time Decima, PMC Industrial camerabased sensors Process control Manufacturing Execution Systems Luminescence imaging systems Analysis tools such as ellipsometers, microscopes, etc. Inspection Off-line / laboratory

12 Intellectual Property Strong Barriers to Competition First mover advantage Patents pending PCT/CA2011/000508: Non-Contact Measurement of Semiconductor Layer Doping Density PCT/CA2010/000772: Process for Improving the Production of Photovoltaic Products More to come Numerous trade secrets Team experience and know-how

13 Building the business Achievements and looking ahead Milestone Independent product qualification ISC Konstanz top industry credibility Private placement Exceeded target by 80%, bringing total invested to $3.6M First Decima sale National Research Council of Canada Decima CD product announced Unveiled at EU PVSEC conference and exhibition Top-tier PV manufacturer field trial Two products now installed in full production Additional customer trials, sales pipeline development Key milestone for product validation, gateway to commercial business Convert trials to purchase orders, product shipments Targeted to global manufacturers HQ ed in Europe, Taiwan and USA to provide reference installations Date Mar Sept July 2012 July 2012 Sept 2012 Nov 2012 Mar 2013 Q2 Q Q onward Prepare for commercialization Build market awareness Establish reference data and reputation Build sales!

14 Capital Structure Balance Sheet as of Dec. 31, 2012 Cash: $1,157,438 Debt: nil Share price (Mar. 18) $0.33 Common Shares: 19,414,062 * Warrants: 5,902,954 Options: 1,958,192 Total (f.d.): 27,275,208 ** * Of which 6,010,600 shares are restricted under either escrow or voluntary pooling agreement ** Does not include 2,625,000 incentive shares if management achieves certain commercial targets

15 Partnering interests Financing for commercial scale-up Commercially oriented product evaluations Product/service distribution Technology partnerships

16 Summary: the opportunity Solar industry hyper-growth with severe profit pressure Rising demand for solutions to reduce costs and increase product quality. Companies providing such solutions positioned very strongly Aurora's lead product serves a poorly-met critical need: continuous monitoring of solar cell fabrication ensuring they deliver maximum power Aurora team: proven delivery track record Field trials underway, first commercial product released and ready for sales

17 Contact Gordon Deans, P.Eng. President & CEO Phone: +1 (778)