Transcript AMMONO Gallium Nitride – enabler for new industries

AMMONO Gallium Nitride – enabler for new industries
Outstanding quality Gallium Nitride (GaN)
– enabler for new industries
Robert Dwilinski - President, CEO
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AMMONO Gallium Nitride – enabler for new industries
AMMONO business field
Manufacturing of GaN (Gallium Nitride) semiconductor crystals and wafers
Based on own proprietary technology (unique in world’s scale)
Activity concerns three key enabling technologies; very closely interacting:
- Advanced materials
- Photonics
- High power electronics
Supplying already 24 customers – lasers, LEDs and electronics producers
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AMMONO Gallium Nitride – enabler for new industries
AMMONO-GaN single-crystals
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AMMONO Gallium Nitride – enabler for new industries
AMMONO-GaN wafers
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AMMONO Gallium Nitride – enabler for new industries
Vertical LED structure on AMMONO-GaN
Department of Micro and Nanosciences
Aalto University School of Science and Technology
Prof. Harri Lipsanen
Prof. Markku Sopanen
Dr. Sami Suihkonen
M.Sc. Muhammad Ali
M.Sc. Olli Svensk
M.Sc. Sakari Sintonen
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Current (mA)
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AMMONO-GaN
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sapphire
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Voltage (V)
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AMMONO Gallium Nitride – enabler for new industries
Green LD structure on AMMONO-GaN
Lasing @ 524 nm (cw)
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AMMONO Gallium Nitride – enabler for new industries
GaN laser applications
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AMMONO Gallium Nitride – enabler for new industries
Versatile laser projection
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AMMONO Gallium Nitride – enabler for new industries
„…The new Samsung Galaxy Beam phone includes a
projector that can show films and pictures at up to 50”…
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AMMONO Gallium Nitride – enabler for new industries
LEDs
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AMMONO Gallium Nitride – enabler for new industries
LEDs
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AMMONO Gallium Nitride – enabler for new industries
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AMMONO Gallium Nitride – enabler for new industries
Electronic applications
Gallium Nitride enables a new range of applications
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AMMONO Gallium Nitride – enabler for new industries
Power Devices
• GaN substrates show higher resistance and higher break down voltage
parameters over traditional Si and SiC materials
• Better heat dissipation
• GaN mostly targets MOSFET, IGBT
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AMMONO Gallium Nitride – enabler for new industries
GaN HEMTs market forecasts
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AMMONO Gallium Nitride – enabler for new industries
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AMMONO Gallium Nitride – enabler for new industries
Market environment and competition
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Lack of GaN-on-GaN HEMTs on the market
Several companies produce HEMTs GaN-on-Si and GaN-on-SiC
No European producer of GaN HEMTs
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AMMONO Gallium Nitride – enabler for new industries
GaN HEMTs – price analysis
HEMTs GaN-on-SiC:
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15-20 W/mm2
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EUR 50-60 /mm2
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thus EUR 5-6 k /cm2
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• GaN 2” (= 20 cm2) results in transistors worth 125 k EUR
• GaN 4” (= 80 cm2) results in transistors worth 500 k EUR
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AMMONO Gallium Nitride – enabler for new industries
Blue laser
Green laser
LED’s
Devices based on
Solar cells
Ammono-GaN
Transistors
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AMMONO Gallium Nitride – enabler for new industries
Total addressable market
The market for gallium nitride based semiconductor devices is
projected to surpass $25B by 2015
Applications for Gallium Nitride:
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DVD information storage (Blue laser Diodes)
Solid state lighting (White LEDs, UV LEDs)
Displays (Laser TV, laser projection)
Automotive electronics (MOSFET transistor, power switches)
Power transmission lines (High Voltage electronics, HEMT transistors)
Wireless communication (3G/WiMAXbase stations )
Flame sensors (UV detectors)
Wireless Broadband (High Frequecy transistors)
Solar Cells (For satellites)
Radiation detectors
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AMMONO Gallium Nitride – enabler for new industries
AMMONO as a company
• Result of a project started in 1992
• World leader in low dislocation GaN
• Proprietary patent protected technology
• Located in suburbs of Warsaw / Poland
• Nichia - minority stake holder
• 1999 – Setting the AMMONO company
• 2009 – Start of commercial activity
• 2010 - First devices on AMMONO-GaN
• 2012 – Launch of the 2” product
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AMMONO Gallium Nitride – enabler for new industries
Autoclaves in the production hall
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AMMONO Gallium Nitride – enabler for new industries
2011 summary
 ISO Certification
 Increase in number of customers
 Launch of a LED dedicated
high-transparency GaN material
 Launch of the 2” product
 Starting cooperation with distributors in Japan, US, Korea and Taiwan.
 50% / 50% sales split between acedemia and industry
 Launch of 2” mass production programme
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AMMONO Gallium Nitride – enabler for new industries
Customer profile – sales volumes
• Laser related R&D is the main driver for low dislocation
gallium nitride wafers sales today
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AMMONO Gallium Nitride – enabler for new industries
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AMMONO Gallium Nitride – enabler for new industries
2012 Ammono development goals
Scaling up the production capacity for 2” C-plane
 Building new autoclaves
 Preparing necessary seed base
Bringing solutions for the LED market
 Increasing the material transparency
 Introducing the high-transparency 2” C-plane n-type substrate
Providing a solution for the electronic applications
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Introducing the semi insulating 2” C-plane substrate
Starting the development of the 4” substrate
 Targeting first samples for 2014
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AMMONO Gallium Nitride – enabler for new industries
Difficulties
Traditional fund sources (VC, Stock Market, Strategic) are reluctant to invest in
long-term, risky projects on the area of high technology (and advanced materials in
particular). This phenomenon deepens within increasing technical complication of
projects (technologies became more and more complicated), because this elongate
project time frame and expose to unpredictable market risks
Let’s forget that market itself can develop such projects by organic growth
There is a need of efficient mechanism for growing such projects in EU
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AMMONO Gallium Nitride – enabler for new industries
SUMMARY
AMMONO products could revolutionize photonics and electronics industries
and give competitive advantage to producers of customer goods, as well as
advantage of defense systems
Organic growth of nowadays advanced technologies is not possible any more
– requires substantial investment, which is not achievable in today’s EU
Proposed solution enabling growth of KETs is creation of European project
of large credits or loan guaranties for carefully chosen companies
presenting extremely promising technologies
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AMMONO Gallium Nitride – enabler for new industries
Thank you
Q&A
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AMMONO Gallium Nitride – enabler for new industries
Solutions – new mechanisms
People facing problems to rise financing are trying to collect several projects in the following
way:
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Creation of parent company employing M&A, PR… specialists
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Exchange of shares of parent company with several chosen hi-tech start-up
companies
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This would increase the value of the parent company because of larger scale of
activity, synergy of incorporating companies (if any), and risk mitigation (even if
some of them fail the others should keep value share on acceptable level)
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Listing (IPO) of parent company on chosen Stock Market
In fact this is very difficult to collect a number of projects of similar maturity and scale,
additionally offering significant synergies
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AMMONO Gallium Nitride – enabler for new industries
Solutions – new mechanisms – Equity line of credit
Additionally, listed company can get funds from equity line of credit:
A structured equity line is a commitment by the investor to purchase up to a predetermined
dollar amount of shares of the public company's common stock over a certain period. It is
very similar to a bank line of credit in that cash is available to the company on an "as
needed" basis. The difference is the company repays the investor in stock. The company
has the right but not an obligation to "draw down" on the equity line and sells shares to the
investor when it is most favorable for the company. When the company draws down the
line, the shares are sold to the investor at a discount.
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AMMONO Gallium Nitride – enabler for new industries
How to create efficient mechanism of growth of KETs in EU?
EU officials bear main responsibility for policy to efficiently grow KETs in EU
People engaged in KETs should propose solutions and demand decisions of EU officials
AMMONO proposal is that EU or EIB should offer long-term credits or guaranties for
carefully chosen companies presenting extremely promising technologies but not able to
get bank credits in required amount due to lack of sufficient collateral
Exercised mechanisms like the mentioned above should be analyzed and improved upon
long-term performance of supported projects (carried by the group of experts created to this
end)
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