sirris smart coating roadshow - slips introduction 2

© 2014-2015 SLIPS Technologies, Inc. Confidential

April 12, 2015

Slippery Solutions for Sticky Problems™

SLIPS™ and Slippery Solutions for Sticky Problems™ are Trademarks of SLIPS Technologies, Inc.

To watch movies in this presentation, visit: http://www.slipstechnologies.com/about-slips/

© 2014-2015 SLIPS Technologies, Inc. Confidential 2

About SLIPS Technologies, Inc.

products stick inside containers

bacteria stick to medical devices

barnacles stick to boat hulls

ice sticks to heat exchangers

•  Launched Oct 2014 with $3M Series A led by BASF VC •  Raising $7.5M Series B – fund beta product launch

materials stick to process equipment

•  Materials & coatings products with fully-slippery surfaces •  Repel virtually all fluids and biological fouling agents •  Specialty coatings market = $120B, 5% CAGR •  Extensive patent portfolio – Harvard licenses plus own filings •  Industrial, medical and consumer applications, e.g.:


First Year Accomplishments

•  2 lead product formulations developed •  400+ customer interactions (mostly inbound) •  25+ paid evaluations/development programs •  7 successful field tests •  $575K in grant funding (ARPA-E)


The SLIPS™ Difference: Liquid Surface Interface

Solid surfaces are rough and have

many pinning points

Unwanted fluids or biological foulants get stuck and “smear” a solid surface

Unwanted fluids or biological foulants slide off a SLIPS liquid film surface SLIPS™ surfaces have

a stable & immobilized liquid lubricant

overlayer, a smooth & slippery

fully-liquid surface


SLIPS™ vs. Alternatives Teflon® solid surfaces: chemically inert, but not that slippery; relatively durable

Structured [lotus leaf] solid surfaces: superhydrophobic but don’t repel much else; can easily become super-wet; fragile

SLIPS™ liquid surfaces: 100% liquid interface, super slippery and omniphobic; self-healing and easy-clean, not permanent but re-plenishable


Two Product Formulations

Polymer matrix with self-replenishing lubricant reservoir

SLIPS™ Liquid

Lubricant Film

Overlayer

Metal, plastic, glass, ceramic

substrate

Formats: spray, paint, film, curable mixtures

S-SLIPS R-SLIPS


Solid Patent Position

•  9 patent families exclusively licensed from Harvard (Jan’11 priority)

•  2 foundational patents granted* - broad claims –  articles with a slippery liquid overlayer –  methods of making SLIPS –  uses of SLIPS

•  Company-owned patent filings –  compositions of matter –  methods and uses

*9,121,306&9,121,307


•  SLIPS™ Product Sales –  manufacture via toll partners –  sales and distribution direct or with partners –  examples: marine paint, ice-release film, easy-release

bags/pouches, slippery tubings/O-rings

•  SLIPS™ Product Royalties –  License SLIPS to customers for specific applications –  example: SLIPS for lubricious shaving cartridge

How We Make Money


Series B

•  $7.5M to fund β product launches by 2017 –  $5M for SLIPS marine anti-fouling products –  $2.5M for SLIPS product extensions

•  down-select 1 additional SLIPS product opportunity •  execute 4 licensing deals

•  Close in late 2016 •  Series A post-money: $5.2M –  Led by BASF Venture Capital –  Co-investor: Hansjörg Wyss Trust


SLIPS Product Development

Refine products & manufacturability based on customer field testing •  6+ months

performance •  Repellency of 10+

industrial foulants

11/2014 company launched after 3yr

incubation at Harvard/Wyss

2015 2016 2017 2018

Aug, 2015 α-products launched

(200+ formulations, spray,brush-on, film)

Industrial R&D (lab to market)

Product Development Scale-Up Discovery

β-Product Launch

β-products launch; complete QC, shelf-life, scale up, (& regulatory registration as needed)

Secure toll manufacturing and distribution partners – position for market deployment PoC

demonstrations in customer settings

SLIPS β-products SLIPS α-products


Customer-Funded Pipeline

Viscous fluid release in

manufacturing & containers

Non-fouling submerged lenses (e.g.

endoscopes)

Frost & ice release - heat exchangers and roofs

Liquid barrier for cement

and concrete

1st Target Market (Marine)

Lubricious disposable consumer product

2nd Target Market (TBD)

Licensing Opportunities

Non-stick biological

growth media labware

Medical Devices (e.g.

drainage catheters)


1st Product: Marine Foul-Impede Paint

•  Initial focus on merchant vessels - $3.5B •  Big adjacent markets: recreational vessels, aquaculture •  Opportunity for $30M revenues in 2020 •  Non-toxic

Fuel

Effi

cien

cy

1yr 2yrs 3yrs

$20B Fuel Penalty

90% of market uses toxic Cu-based paints


•  90% (86,000) of merchant vessels that run “slow” (<15 knots) •  Foul-release non-toxic alternatives to Cu are limited in this regime

–  too soft for many applications –  high ownership costs

•  Large adjacent market opportunities –  other vessels (Navy, recreational) –  aquaculture –  submerged structures

Opportunity:

SLIPS Solution: Foul-Impede Coatings•  Non-toxic but with similar costs to Cu •  Smooth, low drag, tough •  Effective for slow vessels

Marine Foul-Impede Paint


Good Field Test Results

Status and Plan

•  NDSU Center for Nanoscale Science & Engineering “SLIPS are one of only a handful of next generation, ecofriendly materials I have come across that pose a clear and present danger to marine biofouling—barnacles beware.” Shane Stafslien, Director, Bioactive Materials Research Lab

•  1-year static test (Boston area harbor), >95% removal •  Effectively no barnacle adhesion in dynamic field tests (2 mths)

•  β product development & formulation optimization in process •  JV/JDP discussions with several strategic partners •  ARPA-E grant received (total $575K), additional $5M pitched •  Dynamic testing in progress Q2’16 •  First installation on ship hull Q3’16 •  $30M revenues by 2020

Marine Foul-Impede Paint (cont’d)


Leadership

Philseok Kim, Ph.D., Co-Founder and CTOInventor, technologist, scientist

Daniel Behr, CEO Entrepreneur, venture investor, commercialization specialist; Dozens of startups in the physical sciences and the life sciences

Scott Healey, VP Business Development Business and sales developer, industrial and consumer

Michael Laine, VP Business DevelopmentBusiness and sales developer, marine and medical


BoD and Advisors

Joanna Aizenberg, Ph.D. Co-founder, Director, Chair of SAB; Professor of Materials Science, Chemistry and Chemical Biology at Harvard

George Whitesides, Ph.D.SAB Member; Professor of Chemistry at Harvard; co-founder of Genzyme, GelTex, Theravance

David WardDirector & Chairman; Managing Partner at MTI Ventures

Michael Nettersheim, Ph.D.Director; Investment Manger at BASF Venture Capital

Andrew Stevenson, MBADirector; Managing Partner at Timberline Management and Stevenson Family Investments

Jens Rieger, Ph.D.SAB Member; Senior VP of Advanced Materials and Systems Research at BASF

John HartnettMedical Advisor; Tepha Biomaterials, prior Boston Scientific

Cheryl Martin, Ph.D. (pending)Coatings Advisor; prior Rohm & Haas, ARPA-E, Kleiner Perkins


Thank you

http://www.slipstechnologies.com

@slipstech

https://www.youtube.com/channel/UCUymG-sod4UP8oo72SSVuWg

www.facebook.com/slipstech

www.linkedin.com/company/slips-technologies

+1 (617) 360-7080

Philseok Kim, CTO: [email protected] Scott Healey, VP of Business Development: [email protected]

sirris smart coating roadshow - slips introduction 2

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