11

E N G A G E .

© 2010 Excelitas Technologies

E N A B L E . E X C E L .

May 20, 2014

Excelitas Energetic Safety Systems Growth Partnership with MDC 

22

We are a global technology                                leader focused on delivering innovative, customized opto‐electronics to OEMs seeking high‐performance, 

ruggedized technology solutions. 

Our tagline embodies the Company’s mode of operation:

ENGAGE. ENABLE. EXCEL.

Who We Are

33

Excelitas History

1938 1940 1947 1976 1983 1990 1992 19981931 1946 1999 2005 2008 2009 2010

Acquired GE/RCA Electro-Optics Division. Added Avalanche Photodiode and other high-performance solid-state detectors and lasers

Company started in Boston by MIT professors

EG&G is incorporated

Acquired Vactec, an innovator in low-cost photodiodes and photocells

Acquired Heimann Opto-electronics, provider of state-of-the art flash lamps, photocells, thermopiles, and pyroelectric detectors

2012

Acquired Reticon®, a leader in CCD Imaging

Acquired ELCOS AG, manufacturer of custom LED Chip-on-Board subsystems

Acquired Lumen Technologies. Added Xenon lighting, flash lamps, and aerospace-qualified lighting

EG&G acquired PerkinElmer and adopts new name

Acquired Opto Technology, provider of custom LED subsystems

IDS division of PerkinElmer acquiredby Veritas Capital

2013

Acquired CarsanEngineering, medical arc lamp power supplies

Acquired VaConics Lighting, provider of high-intensity Xenon arc lamps for medical applications

Acquired Lumen Dynamics, manufacturer of UV LED systems

Acquired Kaiser Systems, high voltage power conversion systems

Acquired Qioptiq, a manufacturer of high-performance photonic subsystems

RETICON

44

Excelitas acquires Qioptiq October 2013 

Maximizing Our Combined Synergies

• Strengthens Excelitas as an end‐to‐end provider of photonic solutions & subsystems

• Expands global footprint and increases our global reach, accelerating time‐to‐market and reducing supplier risk (concurrent engineering and multi‐site production)

• Delivers broad portfolio of differentiated products and technologies enabling integrated customer solutions across the value chain

• Serving customers with innovative technologies and solutions for more than 135 years 

Excelitas Qioptiq

Lasers

Lighting Solutions

AdvancedSensors

OpticalSub‐systems

Advanced Electronics

Optical Components

55

Business Snapshot

• 2013 revenues of ~$700 million• ~5,000 employees worldwide• Global network of design and manufacturing locations in the Americas, Europe and Asia

• Deep portfolio of high‐performance technologies, products and solutions‐ Commercial:  Optics, Electro‐Optical Systems, LEDs, Cermax® Xenon Light Engines, Flash Lamps, Photon Detectors, Infrared Detectors, Laser Diodes

‐ Defense and Aerospace: Optics, Electro‐Optical Systems,  Energetic Safety Systems, Power Supplies, Atomic Clocks, High Energy Switches.  (Headquartered in Miamisburg Ohio)

• Privately held. Veritas Capital acquired business unit from PerkinElmer in 2010

Defenseand 

Aerospace35%

Medical/Dental30%

Industrial35%

Europe46%

Asia14%

Revenue by Region

Americas 

40%

Revenue by Market

66

Montreal, Canada

Extensive Commercial Global Footprint and Low‐Cost Manufacturing

Shenzhen, China

Wiesbaden, GmbH

Wheeling, IL

Batam, IndonesiaPfaffenhofen, GmbH

Manila, Philippines

Singapore

Fremont, CA

Rochester, NY

Hamble, UKGöttingen Munich Regan, GmbH

Kecskemét

Gottingen, GmbHAslar Munich, GmbH

77

Extensive Defense and Aerospace Footprint and Low‐Cost Manufacturing

Covina, CA

Salem, MA SingaporeMiamisburg, OHD & A Headquarters

Fremont, CA

Rochester, NY

St.Asaph UKUK

Bodelwyddan, UKMontreal, Canada Wheeling, IL

Munich, GmbH

Regan, GmbH

88

Delivering Critical Technologies to our Customers

Defense and Aerospace Division

Power Supplies Energetic Systems

Photon Detectors

High Energy Switches

Light Emitting Diodes

Frequency Standards

Xenon Lighting IR Detectors

Laser Diodes

Surveillance & Target Acquisition Optical Systems

Night Vision ThermalWeapon Sights

Optical Solar ReflectorsAnd Cover Glasses

Head Up Display OpticsHelmet Mounted Displays

HV Power / X‐Ray

99

Our Energetic Safety Systems…

… are critical technologies for missiles, precision guided munitions, and launch vehicles

NNSA

Firing Modules

Electronic Safe Arm Device

Ignition Safety Devices

Multi Stage Ignition Safety Devices

Timeline

Technology

Blue ChipDetonators

1010

Keeping our Troops Safe

Shipboard Systems

Precision Guided Munitions

Ballistic Missiles

Avionics

Vetronics

Defensive Systems

Communications

GPS

Tactical MissilesRadar

Electronic Warfare

Weapon Sights

Laser Warning

Missile DefensePeriscope Displays

Sea

Land

Air

Targeting Systems

1111

Excelitas Defense and Aerospace Video

1212

Site as it looked in the 1980s Excelitas Facility

1313

2010 Site Improvement – A Montgomery County Grant Helped Convert an Unused Area to Engineering Office and Lab Space

1414

2011 Site improvement – demolition of unused buildings

1515

2011 Site improvement – demolition of unused buildings

1616

2012 State Grant to Construct a Public Road

1717

2012 State Grant to Construct a Public Road

1818

And Install New Parking Lots

1919

A Matching Montgomery County Grant Then Helped Increase Production Capacity in 2013

Added productive floor spaceIncreased office areaIncreased power to facilityImproved site security

2020

Taking Excelitas Miamisburg to Where it is Today

2121

Excelitas Energetics Systems has a long history …

… of driving economic growth in Miamisburg, Montgomery County and Southwest Ohio

Mound Applied Technologies Optoelectronics

1988 – 1994 GOCO for the DOE

Established 1994 1999

0

20

40

60

80

100

120

Employees

Customers

Products

EG&G1994

Perkin Elmer1999

Excelitas2014

20111947-1988GOCO for the DOE

Revenu

e 

Defense & Aerospace ‐ Energetic Systems Revenue

2222

Our strongest asset …

... is our skilled labor force

0

5

10

15

20

25

0 5 10 15 20 25 30 35 40 45

Num

ber o

f Employees

Years of Service

Employees vs Years of Service

4%

8%

22%

4%

19%

43%

Skilled labor Force

Ph.D.

MBA

MS

BS

BA

AS

Trades

2323

Our strongest asset …

... is our skilled labor force

2424

Excelitas Employees Enjoying a Day of Service

2525

Excelitas’ Partnership with MDC and Miamisburg has…

… developed a customer base that continues to grow

2626

Our success is best measured by…

… the voice of our customers 

2727

E N G A G E .   E N A B L E .   E X C E L .