mark muzzin, ceo / managing · pdf filenext generation energy storage our graphene micro...
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Mark Muzzin, CEO / Managing Director
June 2016
Di sc la imer
Certain statements contained in this presentation, including information as to the future financial or operating
performance of Ionic Industries Ltd (“Ionic”) and its projects, are forward looking statements. Such forward looking statements:
include, among other things, statements regarding incomplete and uncertain proposals or targets, production and prices,
operating costs and results, capital expenditures, and are or may be based on assumptions and estimates related to future
technical, economic, market, political, social and other conditions;
are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Ionic, are inherently
subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; and
involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from
estimated or anticipated events or results reflected in such forward looking statements.
Ionic disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new
information, future events or results or otherwise. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”,
“target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward
looking statements.
All forward looking statements made in this presentation are qualified by the foregoing cautionary statements. Recipients are
cautioned that forward looking statements are not guarantees of future performance and accordingly investors are cautioned
not to put undue reliance on forward looking statements due to the inherent uncertainty therein
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Welcome to Our Inves tment Opportun i ty
It’s not often that one has the privilege of witnessing first-hand, the seeding of a
technological revolution and its growth into multiple new industries. Even rarer is the
opportunity to get in on the ground floor and secure a piece of the action with an
early investment.
Welcome to such an opportunity!
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Dr Anne-Marie Grisogono, Chairperson elect
Next Generat ion Bat tery Technology
Ionic’s lithium sulphur technology delivers vastly superior performance to current Li-Ion batteries:
Plan to commercialise this in the next 6 - 12 months with development of a Li-S 18650 cell
Potential to deliver 4 x more energy for same volume and 10 x more energy for the same
weight
Targeted application in the electric vehicle and renewable energy market
Our lower cost technology will make advanced battery accessible for applications in electric
vehicle and renewable energy markets forecast at ~$200 billion globally by 2019
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Our graphene know-how has overcome the Lithium Sulphur challenge to break new
ground in battery technology
Widely-used Panasonic
NCR18650 rechargeable Li-Ion
batteries
Next Generat ion Energy S torage
Our graphene micro planar super-capacitors have vastly superior performance to current
systems
Advanced prototype development in the next 6-12 months and commercial applications in
3-5 years
Targeting all energy storage applications consumer electronics, biomedical devices, electric
vehicles and renewable energy systems
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Ionic Industries is exploiting the extraordinary properties of graphene to create
revolutionary energy storage technologies
100 x faster charging and much higher power output with an
unlimited charge / discharge cycles
Cheaper, safer and environmentally friendly
Get In On The Ground F loor
Ionic is seeking to raise up to $10m through pre-IPO raising and IPO combined
Beer & Co. and XEC Partners will assist with IPO objectives
Previous share issue (early 2016) raised circa $700,000 was at 2.91 cents per share with proposed share consolidation of 5:1 - equates to 14.5 cents per share
Seeking a minimum target $750,000 (at same pre-consolidation price 2.91 cents pre share)
Funds will be for working capital and IPO costs*
Pre-IPO funding represents a 27% discount to the 20 cents per share IPO price**
Ionic offers the following:
a. Institutional/Boutique investors can link pre-IPO commitment to a Firm IPO commitment
b. Cornerstone interest of up to 19.99% of post IPO total
c. Aligned Strategic Development Partners will be encouraged to subscribe for sufficient applications amounting to 19.99% of post IPO total shares on issue (post full subscription raising of $10m)
In all cases, the Balance of Funds to be raised at IPO up to $10m
6* Basic IPO of $5m
** Note 9% of new scrip will be escrowed for 1 year under ASX Listing Rules
This capital raising represents an extraordinary opportunity for investors and partners
to get in on the ground floor of this unique endeavour
Management and S t ructu re
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* Board will appoint a number of NED’s prior to ASX Listing
** Pre-1 for 5 consolidation at an EGM in July 2016 immediately before lodging IPO Prospectus)# Former parent company ASX: SER controls circa 19% pre this raising## Further detail of the team is contained at the end of this presentation
Ionic consists of an experienced Board of Directors and management team working closely
with our research and development partners at Monash University
Our collaboration agreement provides Ionic with an exclusive global licence to commercialise
any technologies developed by the Monash team
Led by A/Professor Mainak Majumder, our Monash Research team is 11 doctoral and post-doctoral experts across a range of disciplines including chemistry, nano-fluidics, reaction engineering, micro / nano-fabrication, colloidal systems and electro-chemistry.##
Mark Muzzin - CEODr Anne-Marie Grisogono - Chairperson electSimon Savage – NED
Board of Directors*
33.85% pre-capital raisings#Top 5 Shareholders:
Melanie Leydin & Justin MouchaccaCompany Secretaries:
Ordinary shares on issue 459,952,355 = 91,990,471 post-consolidationShares on Issue: **
circa 2,260 (non marketable parcels will be given a priority offer in IPOShareholders:
Our Path to Commerc ia l i sat ion
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GO Plant
Commercial scale production
Currently in final design stages
Planned commissioning in 2017
$1.2 million budget
Li-S Batteries
Solved the problem of cathode degradation and cycle-ability
Have proof of concept and prototype “coin cell” battery
Next stage will be a prototype 18650 cell (standard size used in most applications) in 2017
Revenue from 2017 in licencing and partnerships with battery manufacturers and electric vehicle companies
Micro-Planar Super-
Capacitors
Prototype device in 6 -12 months
Next step: optimise our colloidal GO ink
Stacked prototype to follow shortly thereafter
Revenue generated through manufacturing and licencing
Target is EV and renewable energy markets
We have also identified a number of opportunities to leverage our GO technology in water filtration and membrane separation applications (details at the end of this presentation)
Several of these technologies are close to commercialisation and we will target these markets as opportunity arises
Colloidal
GO
Proprietary
Customised
Foundation of our technology
Our Un ique Advantages
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In-house graphene oxide production
Control over: Availability, Quality, Cost, Form, Properties
Very close to commercialisation of valuable Li-S IP
Near-term revenue supporting strong growth plans
Extensive lead on graphene micro planar super-capacitors
Diverse and specialised Monash research team
Constant new opportunities
Efficient cost structure using university research team
R&D capabilities not feasible in a purely commercial enterprise
Ionic Industries has a range of unique advantages that will drive our success
Next S teps and Use of Funds
Through the Information Memorandum (IM) Ionic is seeking to raise Pre IPO
funding of up to $4m with $750k being the minimum target
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Costs of an Initial Public Offering (IPO), expected to be completed during the second half of calendar 2016 (October 2016); and
Continued investment in prototype development – especially for Li-S and Super-capacitors
Working capital, including a potential Agreement with a strategic development partner in at least one application of Ionic’s technology
Funds raised will be applied as follows
Graphene Oxide pilot plant
Equipment required for initial commercial production of applications (upscale of prototypes) and ongoing product development
Assuming a Basic IPO minimum raising of $5m, funds will be applied as follows
Additional
Information
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L i -S B reakthrough
Our innovative Li-S cell configuration:
Provides the sulphur cathode with an effective
protective film
Dramatically improves the battery
performance
Ensures excellent reproducibility and
straightforward scale-up
Potential applications: EVs, mobile phones,
laptop computers
T h e a m a z i n g p o t e n t i a l o f L i - S h a s n o t b e e n a t t a i n a b l e i n p r a c t i c e b e c a u s e
p e r f o r m a n c e d e g r a d e s r a p i d l y w i t h e a c h c y c l e
O u r t e a m ’ s b r e a k t h r o u g h i n r e d u c i n g b a t t e r y d e g r a d a t i o n o p e n s t h e r o a d
t o p r a c t i c a l c o m m e r c i a l e x p l o i t a t i o n
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Ionic Li-Sulphur
Li-Ion Battery
Energy S torage So lut ions For EVs
• Main energy storage system: exploiting Ionic’s Li-S battery technology to greatly increase the on-board energy capacity in a smaller lighter system than the state of the art Li-ion systems
• High power system: exploiting Ionic’s advanced super-capacitor technology to provide superfast charging and high power surging, with fast recharge of surge capability through regeneration, renewables, or topping up from Li-S system
Ionic Super-capacitors provide high power, fast charging and unlimited
charge / discharge cycles
Lithium-Sulphur breakthroughHigher performing replacement
for Li-Ion batteries providing deep energy storage
Ionic’s unique Graphene Oxide technology can also be used for lightweight structural materials
Extended RangeIonic’s on board Super-capacitors can recharge on the go using regenerative braking or solar cells
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Electric Vehicles need both high energy capacity for improved range, and high power
capacity for improved performance
An advanced hybrid energy storage system can meet both requirements:
F i l t ra t ion So lu t ions
Ionic’s large-area membranes
Global market for membrane
separation technologies will grow to
USD 25.7 billion annually by 2017
Water Treatment (municipal, waste
water and agriculture)
Pharmaceutical manufacturing
Chemical processing
Environmental rehabilitation
Graphene-based membranes demonstrate ultrafast water transport, precise molecular
sieving of gas and solvated molecules and we have the upscaling solution
High chemical resistance making them safer and lower maintenance
10 x higher flux than polymer membranes resulting in much greater efficiency
High mechanical strength for reduced maintenance and lifetime cost
Tuneable selectivity during manufacture for precise customisation
Industrial membrane modules
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Simple technology
An alternative product to activated carbon
A tailorable product for customers
Competitive in cost, with higher performance
F i l t ra t ion So lu t ions
Our first customer has very poor water quality and when we solve their problems, the
world will come to us
One of Ionic's critical industry relationships is with SA Water, South Australia’s primary water utility.
We will specifically target a range of contaminants critical to both SA Water and many other
water utilities and environmental protection agencies around the world:
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• Natural Organic Matter: Humic acid, Hydrophobic and Hydrophilic fractions (these
are of particular importance to SA Water)
• Anions: Bromide (considered the “holy grail” of water treatment objectives)
• Taste and Odour compounds: MIB (2-methylisoborneol) and geosmin
• Algal toxins: Saxitoxin(s), Cylindrospermopsin, Microcystin-LR, Anatoxin-a
• Metals: Manganese, iron, Arsenic
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Ionic Industries has sewn the seeds of several truly outstanding
technologies that will change the faces of battery and energy
storage markets as we know them today
From where we are today, we have a clear path to
commercialisation of our graphene-based technologies and
we invite you to join us on our journey
Conclus ion
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Appendix 1 : Our team
The Board:
Mark Muzzin – Founder and Managing Director/CEO of Ionic (expertise: business management)
Dr Anne-Marie Grisogono – Chair elect (expertise: Physicist with 20+ years in Defence (DSTO)
Simon Savage – (expertise: management, communications and risk)
Core Business Advisor:
John Thomas – (expertise: business and engineering development - car industry. Ex Tesla, GM, Toyota, Ford)
Monash Research Leader:
A/Prof Mainak Majumder - Research team leader (expertise: nanomaterials, separation science)
The skills and experience of our team will enable us to overcome technical and
economic barriers to translate graphene research into high-value applications
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Appendix 1 : Our team
Monash Senior Technical Collaborators (colleagues of A/Prof Mainak Majumder):
Dr. Akshat Tanksale – Senior Lecturer (expertise: reaction engineering, graphite to graphene oxide scale- up)
A/Prof Adrian Neild – (expertise: microfabrication, fluid mechanics)
Dr. Rico Tabor – (expertise: physical chemistry – colloidal systems)
Monash Research Team under A/Prof Mainak Majumder:
Dr. Parama Chakraborty-Banerjee - Postdoctoral research fellow (expertise: electrochemistry)
Abozar Akbari – Graduate Researcher (expertise: fabrication of graphene-based membranes)
Mahdokht Shaibani - Graduate Researcher (expertise: energy storage; Lithium Sulphur)
Derrek E. Lobo - Graduate Researcher (expertise: micro-/nano-fabrication)
Samuel Martin - Graduate Researcher (expertise: nanofluidics)
Dr. Dhanraj Shinde - Postdoctoral research fellow (expertise: chemistry)
Our diverse Monash Research team houses a range of specialist experts creating a
unique group of skill sets that will support our ongoing success
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Appendix 2 : Tes t imonia l
John D. Thomas – President Emerging Technology Consultants, LLCEx Tesla, GM, Toyota, Ford
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In August of 2015, I was introduced to Ionic Industries by and institutional investment banker from
Wall Street in New York City and retained by a significant institutional global investor based in Hong
Kong to conduct thorough due diligence on Ionic industries.
My diligence began with background research and a site visit in September of 2015 and has
continued through the 4th quarter of 2015 covering all of the areas previously mentioned as
standard in the industry earlier in this letter.
As a result of the completion of my technology and commercial diligence, augmented by the fact
that Ionic Industries has subsequently been published in a globally recognized, peer reviewed
scientific journal in early 2016; I have make a positive recommendation to my client to proceed
with an investment and / or joint venture arrangements with Ionic.
