1. What We Make 2. Market Opportunity 3. Competitive Advantages 4. Threats & Risks 5. Investment Proposition.
Dec 25, 2015
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1. What We Make
2. Market Opportunity
3. Competitive Advantages
4. Threats & Risks
5. Investment Proposition
NANODOTS(TM)
• Complex structures • Shells of 2nd inorganic
material• e.g. CdS or ZnS outside CdSe• Organic coating e.g. TOPO or
amine
•e.g. 4 nm CdSe• Single crystal• Regular diffraction
What we make:
WHY THEY’RE USEFUL
What we make:
2 nm – 9 nm NanoDots™ of CdSe in organic solutions (a) or stabilized in a wax (b) can also
be delivered as a powder.
• Emission-PL (right) & absorption (left) of ca 4 nm CdSe.
• Relatively sharp peaks for absorption, not an edge and narrow
symmetrical peak for emission.
• Typical of a molecule not a bulk material.
What we make: why they’re useful
APPLICATIONS
• Authentication: anti-counterfeiting tags (CD’s, packaging, fabric, documents, currency...)
• Electronics: LEDs, displays, photovoltaics, etc
• Life Sciences: diagnostics, biological sensors, drug delivery, etc
Market Opportunity:
MARKET DEVELOPMENT
Nanoco™ projected % activity by segment
0
10
20
30
40
50
60
70
%
'03 '04 '05 '06
AuthenticationElect'csLife Science
Market Opportunity:
MARKET DEVELOPMENT
Nanoco™ projected % revenue by source
0
10
20
30
40
50
60
%
'03 '04 '05 '06
R&D/LicenseFeesR&D Dots
Prod. Dots
Market Opportunity:
SALES ACTIVITY IN EIGHT WEEKS
START POINT
• July: No product. No Web site. No staff
• Aug – Oct: Intensive production testing
• ‘Free Evaluation Sample’ program
• Automated enquiry Website
• 1 press release + NanoSig Global 2000
Market Opportunity:
SALES ACTIVITY IN EIGHT WEEKS
Evaluation Samples:NASA
Oak Ridge National Lab.
Nanosys/QDot
New Light
Cal Tech
Southwest Research
Peking University
QinetiQ (UK MoD spin-out)
British BioCell
Dept. Biophysics, Hungary
(More)
R&D/LicenseDiscussionsOak Ridge
Innovision
Cal Tech
UK Ministry of Defense
Samsung
Matsushita
Biocode
BMW
VW
Securency
(More)
Market Opportunity:
AUTHENTICATION
• CDs, cigarettes, currency, clothing, packaged goods, fine art......
• Billions of lost tax rev. & taxable profits• Many billions of items• 0.025 to 0.3 cents per tag for NanoDots• $25,000 - $300,000 per million packages• Plus license fees on turn-key solutions
Market Opportunity: Sales Discussions in 8 Weeks
ELECTRONICS
• Photovoltaic portable devices
• Photochromic materials
• Plastic solar cells/roofing tiles
• Plastic light emitting diodes
• Flat screen displays
Market Opportunity: Sales Discussions in 8 Weeks
Smaller quantities but higher margins than authentication
LIFE SCIENCE
• Measuring cells’ immune receptors
• Tagging monoclonal antibodies
• Colocalization measurements
• Simultaneous molecular tracking
Very small quantities; higher margins
Market Opportunity: Sales Discussions in 8 Weeks
NANOCO PROJECTED REVENUEBased Only On Discussions To Date
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
'03 '04 '05 '06
Prod. Dots
R&D Dots
R&D/LicenseFees
Market Opportunity:
COST & MARGINS
• Very significant margins in R&D product
• Very significant economies of scale
• Excellent production yields
• QC cost flat up to 100 gm batches
• High volume QC process underway
• Good fee & license prospects
Market Opportunity:
COMPETITIVE SCENARIO
• Applications builders making dots
• Nobody focusing solely on ‘our’ space
• No infringing scalable methodology/IP
Market Opportunity:
COMPETITIVE ADVANTAGES
1. INTELLECTUAL PROPERTY
• Patents granted in U.S. and E.U.
(#’s. 09/043,258 & 96927134,5)
• Only extant method of making production volumes of dots.
• Various additional/divisional patents in process
COMPETITIVE ADVANTAGES
2. FIRST MOVER ADVANTAGE
“Nanoco is the most successful entrepreneur in the formidable task of developing and commercializing Quantum Dots.”
NanoAnalytics, Los Angeles, CA, Oct 2002
“Many labs in China show much interest in QDs' application in biology and other areas. But there was no commercial products supplied before Nanoco. I think China market is large and the commercial opportunity is attractive.”
Yinlin ShaDept. of BiophysicsPeking UniversityNov. 1st ‘02
COMPETITIVE ADVANTAGES: FIRST MOVER
COMPETITIVE ADVANTAGES
3. MANAGEMENT TEAM
• Science/research PLUS business/marketing• 300 + papers on nano-particle synthesis• Significant start-up business experience• Sales presence established in U.S. and E.U.
FOUNDER: PROF. PAUL O’BRIEN
• Head of Chem. & Materials Science, Manchester Univ.
• Most published scientist in nanoparticle synthesis
• Inventor of patented ‘single pot’ production method for NanoDots
• Avalailable 20% – 100%
COMPETITIVE ADVANTAGES: TEAM
CEO: IAIN WOOLWARD
• Multiple tech. launches• 25 yrs in Silicon Valley• Extensive marketing
(ex. Saatchi, etc.)• Bootstrapped own
$65MM business• Good global experience• On 4 person mgmt.
team on $800MM rev + IPO 18 mth. start-up
COMPETITIVE ADVANTAGES: TEAM
EXCELLENT SCIENTIFIC TALENT POOL
• Univ. of Manchester: 27,000 students
• University is Nanoco shareholder
• Highly talented post-doc nano-group
• Highly international/Asian
• Relatively affordable
• Highly available full time/part time
COMPETITIVE ADVANTAGES: TEAM
COMPETITIVE ADVANTAGE
4. SUSTAINABILITY
• World-class nano facilities from existing shareholder (Univ. of Manchester)
• Very low burn rate
• Revenues (+ profit?) < 6 months...or
• .... we can wait it out.
COMPETITIVE ADVANTAGES
5. SCALABILITY
• Only proven scalable methodology
• No significant financial barriers to scale
THREATS & RISKS
• Profitable app’s may materialize slowly
• Alternative scalable method may lead to…
• Race for market share & price war
• Corp. giant might assault our IP
INVESTMENT PROPOSITION
• Q1/Q2 2003: Seed of $500,000+
• (Possible Q4 2003: Series ‘A’/Final)
• Seed: ‘Convertible Preferred’
• 3 year loan @ 18% compound a.r.r.
• Possibly semi or wholly secured
• Extensive warrants for upside
• Controlling interest upon default
ADVANTAGES TO INVESTOR
• Low risk debt instrument
• Fair annual return locked in
• Liquidity locked in
• Lots of upside with warrants
• No argument over valuation
• Control in case of default
INVESTMENT PROPOSITION
USE OF SEED FUNDS
• Grow global sales
• Optimize economies of scale
• 2nd generation nano-particles• Extend IP on production methods
INVESTMENT PROPOSITION
SUMMARY
• Affordable
• Diversified bet across multiple app’s.
• Low risk investment vehicle
• Revenue/profit ready
• Powerful IP position
• World-class/world-wide team
INVESTMENT PROPOSITION
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