Sirris Materials Day 2011 - Materials research cluster Ghent
Sirris Smart coating roadshow - Slips introduction 2
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Transcript of 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.:
© 2014-2015 SLIPS Technologies, Inc. Confidential 3
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)
© 2014-2015 SLIPS Technologies, Inc. Confidential 4
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
© 2014-2015 SLIPS Technologies, Inc. Confidential 5
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
© 2014-2015 SLIPS Technologies, Inc. Confidential 6
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
© 2014-2015 SLIPS Technologies, Inc. Confidential 7
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
© 2014-2015 SLIPS Technologies, Inc. Confidential 8
• 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
© 2014-2015 SLIPS Technologies, Inc. Confidential 9
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
© 2014-2015 SLIPS Technologies, Inc. Confidential 10
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
© 2014-2015 SLIPS Technologies, Inc. Confidential 11
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)
© 2014-2015 SLIPS Technologies, Inc. Confidential 12
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
© 2014-2015 SLIPS Technologies, Inc. Confidential 13
• 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
© 2014-2015 SLIPS Technologies, Inc. Confidential 14
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)
© 2014-2015 SLIPS Technologies, Inc. Confidential 15
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
© 2014-2015 SLIPS Technologies, Inc. Confidential 16
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
© 2014-2015 SLIPS Technologies, Inc. Confidential 17
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]