MicroGen investor pitch- Thing Power™
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MicroGen Systems, Inc. (www.microgensystems.com) located in Rochester, NY has opened a $5M extended Series A round of financing. This is our investor pitch deck. For more information contact CEO, Dr. Robert Andosca at [email protected] or (617) 447-1876. Thing Power™ - MicroGen has developed a micro-scale power source that uses mechanical energy (e.g. ambient vibration) versus chemical energy from environmentally unfriendly materials. MicroGen’s BOLT™ Power Cell and micro-power generators (a.k.a. energy harvesters) eliminates or extends the lifetime of batteries in autonomous electronics and sensing applications. Applications include: 1) Industrial and building wireless sensors 2) Transportation systems (e.g. planes, trains and automobiles; non-tire) 3) Asset tracking (e.g. livestock management; cargo - rail, trucks, marine) 4) Wearable electronics (e.g. health monitoring and gaming) and other consumer applications (e.g. clothes dryers, toys) 5) Automotive TPMS and “Intelligent Tire” (initially high-use vehicles) Powering the ’Internet of Things" for A Smarter Planet™.
Transcript of MicroGen investor pitch- Thing Power™
Business overview Developed at Cornell / in production at X-FAB on $5.4M Lead customers/partners
Major semiconductor / MEMS (2) Major semiconductor / WSN (2)
Greater than $10B/year addressable IoT markets 1. Industrial and building wireless sensors 2. Transportation systems (e.g. planes, trains and automobiles; non-tire) 3. Asset tracking (e.g. livestock management; cargo - rail, trucks, marine) 4. Wearable electronics (e.g. health monitoring and gaming) and other
consumer applications (e.g. clothes dryers, toys) 5. Automotive TPMS and “Intelligent Tire” (initially high-use vehicles)
Financials >$80M revenue and >$52M EBITDA in 5 yrs $1.6M+ revenue in 2014 and break-even in < 3 years
$5.0M extended Series A raise open To date $1.3M committed as convertible debentures primary Xtrion N.V. Xtrion N.V. will match additional investment with intent to close round
WSN company (1) Major tire manufacturer (1) Automotive component supplier (1)
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Kathleen Vaeth, Ph.D.
VP Engineering
Michael Perrotta
CFO / COO
Secretary/Treasurer Chairperson
Robert Andosca, Ph.D.
President & CEO
Management team / BoD
Advisory Board
Director
Rudi De Winter
Managing Director
Co-founder Xtrion, MLX, XFAB
EU, Asia and USA
Xtrion N.V.
Tim Davis, Ph.D. Founder, Exec VP & CTO
New York
Kris Pister, Ph.D. Founder / CTO
Silicon Valley
Matthias Wagner Founder, 1087systems
Boston
Shad Roundy, Ph.D. Assist Prof, ME, U Utah
Didier Lacroix CEO, Anacatum
Silicon Valley
Piezo-MEMS platform
Actuators, sensors and energy harvesters
System on chip (SoC) integration
5 mask level
fabrication process
CMOS compatible
RoHS compliant
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2 x 2 mm2 pressure sensor
1 cm2 energy harvester die
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Self-recharging battery substitutes
micro-Power Generators
Initial products
Power Cells
‘Green’ vibration energy harvesters
~Internet of Things~ Greater than $10B/yr
potential revenue combined!
Addressable IoT markets
Building – Smart Grid/Energy
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Power from Movement
Wearables
Market problem
Battery lifetime 7
Competition provides HIGH price-tag / LARGE size units
MicroGen provides LOW cost / SMALL solutions
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RF Solar Thermal
No light, dusty? Interference, health issues?
No thermal gradient?
Technology developed at Cornell University ~$2.5M 2009-2012
2012 Closed $2.6M Series A Xtrion N.V. and NYSERDA
Volume production ready Q2 2014 Generating ~$1.6M revenue 2014
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Cash positive < 3 years
$80M revenue / $52M EBITDA
in 5 years
Exit strategy is acquisition
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2 issued licensed patents One (1) robustness/materials [exclusive]; and
one (1) broadband/multi-axis [right to exclusive].
8 patent applications in process One (1) piezo-MEMS design platform for actuators, energy harvesters, and sensors; one (1) power/materials; four (4)
robustness; two (2) broadband; and one (1) actuator design.
numerous trade secrets and know-how
Intellectual Property
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Ask $5.0 M extended Series A
$1.3 M convertible debentures (deposited) towards round
Xtrion N.V. ($1.0 M) and other NY investors
Xtrion N.V. will match additional new investment
with intent to close round.
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Thing Power™ – application demos Vibration Powered Motion Sensing Demo
using Analog Devices’ ADXL362Z accelerometer
YouTube November 15, 2013 Click here to view demo
UAV 'drone' vibration power!!
YouTube October 28, 2013 Click here to view demo
Impulse VIBE™ demo II
YouTube October 28, 2013
Click here to view demo
BOLT™ energy harvester enables Linear
SmartMesh™ IP Wireless Sensor Network
YouTube May 10, 2013
Click here to view demo
Distributed power/ vibration
transmission and energy harvesting
YouTube April 18, 2013
Click here to view demo Batteries NOT Included YouTube – March 29, 2013 Click here to view demo (>5500 views)
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MicroGen wins 2013 MEMS Executive Congress’ Technology Showcase Napa, CA November 7-8, 2013 Click here to view press release (MIG, Nov 14, 2013) Click here to view award winning video demo (YouTube) ScienceDirect Top 25 Hottest Articles 2012 – No. 7 in list as of Sept 20, 2013 Andosca, Wu, et al, “Theoretical and experimental studies of piezo-MEMS vibration energy harvesters with mass loading”, Sensors and Actuators A: Physical, May 2012, Volume 178, p. 76-84. Click here to view list MicroGen Powers Wireless Sensor Network at RIT Texas Instruments’ Director Praises MicroGen Rochester, NY (PRWEB) July 16, 2013 Click here to view press release MicroGen’s Piezo-MEMS Vibration Energy Harvesters Enable Linear Technology SmartMesh™ IP Wireless Sensor Network BOLT™ Power Cells use Linear’s LTC3588-1 piezoelectric energy harvesting conversion chip to power Dust Networks’ motes Rochester, NY (PRWEB) June 25, 2013 Click here to view press release MicroGen / X-FAB head to production PR Web – March 6, 2013 Click here to view press release MicroGen secures EE Times ‘Silicon 60’ top spot EE Times – Oct 4, 2012 Click here to view article
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