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Mobius Confidential
Microsystems
M bius
Slide 1 of 14
Mobius MicrosystemsAeA Fall Venture ForumSeptember 22, 2005
Mobius Microsystems, Inc.
1020 Corporation Way, Suite 204
Palo Alto, CA 94303
www.mobiusmicro.com
650.726.8162 Phone
650.726.8168 Fax
L. David Sikes, CEO & Chairman
Michael McCorquodale, Ph.D., CTO
James Vincke, CFO
Microsystems
M bius
Mobius ConfidentialSlide 2 of 14
Overview
Technology and IP
Mobius’ proven all-Si clock generation technology has the potential to reduce total platform power/heat by 20% and costs by 33%
1 patent issuing, 3 full-utility apps. pending, 3 apps. under development
Business model
Fabless: Design & sell clock components; outsource manufacturing and test
Market and customers
$3.4B available market in 2005
Validation of technology performance and value with 3 IP customers
Team
Raised $2M, built team, delivered to IP customers
Investment opportunity
Raising first institutional round of $8M to move to fabless model
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Mobius ConfidentialSlide 3 of 14
Entrenched Technology vs. Mobius’ Technology
Mobius… eliminates the crystal, but retains the required frequency accuracy (±500ppm)
eliminates the 2 pins on the package and 2 capacitors previously required for the crystal interface
enables a new paradigm in power management with clock start-up latency and scaling in ns, not ms, thus providing the potential for 20-30% total platform power savings
can serve applications in harsh environments (high T, G, etc.)
Obviously valuable, but can Mobius achieve the required accuracy without the external
frequency reference?YES
ICS Master Timing Clock
Mobius Master Timing Clock
But can Mobius defend sockets on just cost/size?Maybe, but Mobius also addresses power
Mbius
Microsystems
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Mobius ConfidentialSlide 4 of 14
Accomplishments to Date
January 2004 Technology proven with Si prototypes(IP + discrete)
April 2004Initial angel round: $990k
July 2004 Closed $678k contract with first Asian IP customer for embedded USB clock
August 2004 Closed $106k contract with first American customer for discrete P clock sample
Nov. 2004 Delivered technology to 1st customer; Began USB qualification
March 2005Delivered technology to 2nd customer
Apr.-Aug. 2005 Second angel round: $1M
June 2005 First customer goes to full production; 3rd customer IP license executed
Aug. 2005 2nd customereval. a success
Time
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1st IP Customer:USB Bridge Controller
Asian customer (Taiwan)
USB bridge controller for cables and thumb drives
Mobius reduced clock module cost from ~$0.25/unit to $0.02/unit
Mobius reduced clock module size by over 1,000x
2M units/month in full-production
450
m
400m
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Mobius ConfidentialSlide 6 of 14
Product Opportunities
Nearly every single semiconductor component requires a clock
Computing: Laptop and PC motherboards, printers, scanners, print servers, etc.
Handheld/portable consumer electronics: PDAs, video cameras, digital cameras, mp3 players, calculators, etc.
Industrial, scientific, and medical: instruments, etc.
Automotive: engine control, etc.
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Mobius ConfidentialSlide 7 of 14
2005 Available and Served Markets
Silicon timing (TAM): $3.4B, 4% CAGR Frequency references (passive XTAL or ceramic): $1.1B, 1% CAGR
Clocking components (active dedicated clock chips): $2.3B, 6% CAGR
Mobius’ served markets (SAM) ~50% of $1.1B frequency reference mkt.: ~$550M
~30% of $2.3B clocking component mkt.: ~$710M
Value in Served Markets Power and heat: Reduced by 20% or more
Cost: Average per unit savings of 33%
Size: Reduced by 50% or more
$1.26B-33%=$832M
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Mobius ConfidentialSlide 8 of 14
Example Target Socket and Platform
ICS421-05Digital camera clock
Power: 10mA
Cost: ~$0.82
Clocks:24.576MHz (1394)72MHz (CCD)12MHz (USB)
Pins: 8
Start-up latency: 10ms
Input: 27MHz ref. clock
MobiusDigital camera clock
Power: 8mA
Cost: <$0.55 (55% GM)
Clocks:24.576MHz (1394)72MHz (CCD)12MHz (USB)
Pins: 6
Start-up latency: 20ns
Input: None
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Mobius ConfidentialSlide 9 of 14
Competitive Clock Chip Landscape
Competition Clock synthesizer: ICS (IDT), Cypress, Freescale
Clock oscillator: Epson, Toyocom, NDK
Performance and Cost Power and heat management is not addressed by competitors
Mobius eliminates resonator and associated costs
Acquisition activity in the space Jan. ‘01: Cypress acquired IMI for $125M (2.5X 2001 revenue of $50M)
June ‘05: IDT acquired ICS for $1.7B (6.5X 2004 revenue of $260M)
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Mobius ConfidentialSlide 10 of 14
Executive Team
David Sikes, Interim CEO Semiconductor industry veteran with 40+ years experience
Michael S. McCorquodale, Ph.D., CTO 8 years clock IC design: Hughes Space, U. of Michigan, Mobius
Technology inventor and CEO since founding to 6/2005
James E. Vincke, CFO Former CFO, Mechanical Dynamics, U. of Michigan technology spin-out
23 years at Mechanical Dynamics: IPO, fund raising, acquisitions, international expansion, executive management
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Mobius ConfidentialSlide 11 of 14
Revenue and Expense Model
Revenue: sell clock semiconductor components
ASP $0.65/unit
Fabless business model: outsource manufacturing
1 design effort spread across product family (i.e. multiple products)
55% gross margins
Direct sales force manages independent sales representatives and distributors
Product development through mid 2006
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Mobius ConfidentialSlide 12 of 14
Pro Forma
Total Revenue, Expenses, Net Income
(20,000)
-
20,000
40,000
60,000
80,000
2005
2006
2007
2008
2009
2010
Year
Do
llars
- 0
00's Net Income
Total Expenses
Total Revenue
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Mobius ConfidentialSlide 13 of 14
Investment Opportunity
Founder/Angel Rounds Series A
Size $2M $8M
Timing Q1 2002 to Q3 2005 Q3 2005
Uses
Develop/verify core tech.
Build team/infrastructure
Validate tech. value
Develop clock product families
Build sales channels
MilestonesDelivered to 3 customers
1st customer in production
Build team, release 1st discrete product family & sell to first customers
Mobius Confidential
Microsystems
M bius
Slide 14 of 14
Mobius MicrosystemsAeA Fall Venture ForumSeptember 22, 2005
Mobius Microsystems, Inc.
1020 Corporation Way, Suite 204
Palo Alto, CA 94303
www.mobiusmicro.com
650.726.8162 Phone
650.726.8168 Fax
L. David Sikes, CEO & Chairman
Michael McCorquodale, Ph.D., CTO
James Vincke, CFO