Imagine Memory Everywhere Thin Film Electronics ASA

Transcription

1 ASA Presentation May 09, 2007

2 Talk outline Introduction Current State of Technology Printed memory applications Printed Electronics Market Making progress Organisation Summary Financials Demonstration Q&A 2

3 Milestones 1995 Opticom ASA launched 1997 AB established 1999 Intel agreement signed ASA established 2002 Intel productization agreement signed 2005 Intel reduces its effort on hybrid polymer memory 2006 FAST acquired OPTICOM, Thinfilm listed as a separate company. Thinfilm launches a new organizational structure and operational plan with focus on printed memory. First all printed non-volatile re-programmable memory demonstrated 2007 Agreements with Soligie and XAAR 3

4 Current State of Technology 4

5 The technology Printed memory Memory capacity to remember information 5 Hybrid memory Multilayers

6 From Polymer Memory Chip to Printed Electronics From expensive fabs to Garage environment From smallest geometries (sub-um) to >50 µm From computer speed to functional speed (Hz-MHz) From one-wafer production to Production speeds of 30 m2/min Printed electronics will enable everyday products mass manufactured Memory will be everywhere 6

7 Technology - Architectures Today Printed TodayMemory 2008 Maturity and Roadmap Already achieved Printing /Technology supplier/partner TFE develops memory film No circuitry Contact interface memory (separate reader) Circuitry (e.g., TFTs) + + Dot Film Passive Matrix TFT s TFT+ RF Interface Contactless interface memory TFT+ Display interface Hybrid Traditional Si transistors 7

8 O-TFT roadmap 8

9 Application Opportunities 9

10 Application Roadmap complexity TFE s technology is suitable for a wide range of applications and discussions are held with potential partners for all For early revenue from royalties or products, the development effort have been focused on applications that are closer to market due to lower complexity or greater maturity of peripheral technology Logistics/ID Toys and Games Counterfeit/fraud Smart Packaging time Displays RFID time to maturity 10

11 TFE memory - key component 11

12 Printed Electronics Market 12

13 Printed Electronics Total Market Printed electronics Market Market value ($M) Printed Memory Market Printed Electronics Market Printed Display Market Year NanoMarkets Memory 30-40% of the market Printed electronics Market is growing 16 Bn$ in Source: NanoMarkets Printed electronics Market in Bn$. Source: IDTechEx Market value is dominated by Logic, Memory and Display Market data from the latest market report on printed electronics. Numbers do not include toys, ID, anti-counterfeit and e-paper, applications considered large by TFE. 13

14 Shortage of memory technologies The biggest opportunities for printed electronics include displays, printed transistor circuits, RFID and sensor networks. Of course, these overlap. Some RFID tags include sensors and some have displays, many displays need transistor circuits to drive them. So this forms a tight pack of technologies all marching in step, with investment and invention nicely coordinated to tackle the fabulous market opportunities ahead? Not so. One thing is missing as we seek to print all of them and it is non volatile, preferably large memory. There may be hundred companies developing OLEDs and thirty developing thin film transistor circuits yet compatible printed memory - needed for almost everything we have mentioned - is being tackled only by a handful of organisations, most of them at the university - write a scientific paper -stage and with no chance of being ready on time. The result is that the first printed RFID tags will appear within the next two years with only a few bits of memory, making them virtually unsaleable. Source: IDTechEx Apr 18,

15 Printed electronics value chain Print Equipment Vendor Substrate Vendor Ink Vendor Technology Provider Potential Partners & Licensees Electronic Manufacturer & Integrators Application Development & Final Sales 15

16 16 Making progress

17 TFE will address these markets Protect, defend and expand TFE s patent portfolio Increased marketing TFE to become more visible in the market through; Active participation at conferences & trade shows Publishing of white papers and articles Long-term engagement and work with multiple external partners Technology development partners Manufacturing partners License technology to customers and partners Revenue based on added value or security to customer or end user 17

18 What has been achieved? Protect, defend and expand TFE s patent portfolio The patent portfolio has been reviewed and reduced from 80 to 40 patent families to reflect current and planned business. New patent applications are in preparation to protect new IP Increased marketing TFE to become more visible in the market through; Active participation at conferences & trade shows TFE has participated at 3 international conferences/trade shows Publishing of white papers and articles Huge coverage in trade- and financial press Long-term engagement and work with multiple external partners Technology development partners Agreement signed with Xaar Manufacturing partners Agreement signed with Soligie License technology to customers and partners Soligie has been granted an option to acquire certain production and commercialization rights 18

19 Innovative inkjet technology Xaar is the world-leading independent supplier of state-of-the-art industrial inkjet printheads, inks and peripheral equipment. Xaar develops and produces a range of off-the-shelf printheads and inks which offer flexibility and choice. 19

20 Soligie is a wholly owned subsidiary of Taylor Corporation a privately held organization that owns a wide-range of print, marketing and media-related businesses worldwide. With nearly 100 entities in 8 countries, Taylor Corporation has the strength and capacity to scale to business needs. 8 countries 95 companies more than 15,000 employees Taylor Corporation was founded with the idea that there is Always a better way. We are proud to be part of Taylor Corporation and the spirit of innovation that is integrated into the culture of every Taylor Corporation company. 20

21 Printed electronics value chain Print Equipment Vendor Substrate Vendor Ink Vendor Technology Provider Potential Partners & Licensees Electronic Manufacturer & Integrators Application Development & Final Sales 21

22 Extensive Press Coverage 22

23 23 Organization

24 A key-competence team TFE has retained a strong R&D team in Sweden where all key competences are represented in the areas of Design Processing Polymer materials Characterization & Test Sales Technology Advisory Board Dr. Don Lupo, Professor Michael Thompson Managing Director Johan Carlsson Board of Directors Morten Opstad Rolf Åberg Johan Carlsson 24

25 Summary TFE s Polymer Memory technology has a HUGE market potential in a broad range of applications TFE s technology is very well protected through an extensive patent portfolio TFE s technology is proven and ready for high volume manufacturing Over $130M invested in the technology TFE has a team of world class scientists in the field of polymer electronics Internationally recognized experts engaged as technology advisors 25

26 26 Financials

27 Cash Outlook Thinfilm group NOK Q1 Q2 Q3 Q Q2/ SEK rate 0,90 Actual Forecast Forecast Forecast Act+Fcst Forecast Act+Fcst Cash costs Payroll (5 557) (2 231) (2 077) (2 036) (11 901) (7 246) (13 590) Consultants, contractors (454) (1 286) (724) (1 086) (3 551) (4 383) (7 479) Patenting, patents (991) (523) (428) (333) (2 275) (1 903) (3 187) Premises, supplies (932) (671) (341) (311) (2 254) (1 453) (2 775) Sales & marketing (263) (190) (100) (235) (788) (760) (1 285) Other (131) (216) (66) (66) (479) (414) (762) Period cash cost (8 328) (5 117) (3 736) (4 067) (21 249) (16 159) (29 079) Cash available end Q1/2007: NOK Cash consumption Q2/2007 to Q4/2008: NOK <29 079> Funding required through to end 2008: NOK

28 P&L December 30,

29 Balance Sheet December 31,

30 Cash Flow 30

31 Thank you for Your Attention! Contacts: Johan Carlsson Rolf Åberg 31

32 Technology Advisory Board Dr. Donald Way Lupo An independent technology consultant, is a recognised expert in the fields of novel displays and organic electronics, with 15 years of industrial experience in OLEDs, paper-like displays, photovoltaics and printed electronics within the chemical, electronic and paper industries. He is the author of numerous scientific and technical papers and inventor on over 40 patents and patent applications in functional materials, displays and electronics. October,

33 Technology Advisory Board Professor Michael O. Thompson The leading expert in the use of transient laser thermal processing in the modification of semiconductor materials, as applied to both VLSI applications and ultralow temperature thin-film transistor fabrication. His works spans from fundamental understanding of crystal growth and electronic properties development, to the fabrication of novel device structures by non-traditional methods. His expertise also includes defect characterization in polymer ferroelectrics and the modification of transparent conducting oxides. October,