AML. Revolutionizing industries with superior magnet technology. December Enabling. Your World. Transformed. TM

Transcription

1 AML Revolutionizing industries with superior magnet technology December 2018 Enabling. Your World. Transformed. TM E RevA 2018 Advanced Magnet Lab, Inc. All rights reserved worldwide.

2 Safe Harbor Statement This presentation contains forward-looking statements These forward-looking statements include information about possible or assumed future results of our operations or our performance. Words such as expects, intends, plans, believes, anticipates, estimates, and variations of such words and similar expressions are intended to identify the forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Although we have attempted to identify important factors that could cause actual results to differ materially from expected results, such forwardlooking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company ( Advanced Magnet Lab, Inc. ; AML ; AML Superconductivity and Magnetics ), or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements contained in this presentation, or the documents to which we refer you in this presentation, to reflect any change in our expectations with respect to such statements or any change in events, conditions or circumstances on which any statement is based. 2

3 AML Our Company AML Superconductivity and Magnetics (AML) Applications development company enabling companies including Silicon Valley startups, Fortune 100 and Global 2000 customers with disruptive technology AML is the World s Best at optimizing magnet-based applications! Our Differentiation AML s Technology Platform Magnetics Redefined Globally differentiated with experience, capabilities and significant technical advances Diverse Markets & Customers Transportation, energy, medical and research Enabling and Disruptive Products Innovative magnet technology for the largest and fastest growing markets Intellectual Property Comprehensive portfolio of enabling software, magnet and manufacturing technologies AML s business model is for our customers to be the road-to-market Recurring revenue is generated through a combination of optimized design, prototyping, licensing low-rate manufacturing and joint ventures AML is the enabler, the magnets Inside of the end-use product (i.e. BASF, Intel) 3

4 Magnet Markets Multiple, multi-billion dollar markets Magnets are core to a vast array of applications Consumer 5% Research 1% Energy Transportation Medical Environment Industry Consumer Products Research Motors, Generators, Transformers, Fault Current Limiters Automotive, Rail, Marine, Aerospace & Space Propulsion Imaging & Diagnostics, Cancer Treatment, Heart Disease, and Neurological Disorders Waste-water Treatment, Materials Separation, Desalination Manufacturing Processes, Industrial Equipment, Inspection Appliances, Communications High-Energy Physics, Drug and Materials Development Environment 5% Medical 13% Industry 10% Relevant AML Market Breakdown AML Focus Energy 16% Transportation 50% Power Generation Mining & Minerals Energy Use Manufacturing Oil & Research Medical Water & Gas Environment Transportation Space 4

5 Our Experience Our Track Record Extensive business and technical execution experience Science Accelerators, Research Magnets Medical Cancer Treatment, Heart Disease, Imaging, Diagnostics, Stimulation Energy Offshore Wind Turbines, Oil & Gas Equipment Aerospace Propulsion, Radiation Shielding, Launch Our Customers (partial list) 5

6 Application Experience & IP Landscape Chilean Joint Venture Space Radiation Shielding Mining Operations Wind Turbine Generators Efficient Processing New Opportunity Superconducting Accelerators Rapid Deployment for Oil Spill Containment Heart Disease Hyper Transport Rare Earth Materials Cancer Treatment Electric Propulsion Oil Exploration Permanent Magnet Manufacturing Power Generation Mining & Minerals Energy Use Manufacturing Oil & Research Medical Water & Gas Environment Transportation Space 6

7 Our Differentiation Electromagnets AML s Technology Platform We are differentiating with unique capabilities and unprecedented technical advances in the application of magnetics AML is the world s best at optimization of magnetic applications! Competitors like GE, Siemens, and ABB utilize conventional magnet technologies which fundamentally have not changed since first invented in the late 1800s AML s Perfect-Field Application Development Process & Magnet Technologies Nikola Tesla s Induction Motor Circa 1883 Competitors Technology 19 th Century 7

8 Our Differentiation Permanent Magnets PM-Wire - Revolutionizing the manufacturing and application of Permanent Magnets Process allows highly automated, safe, mass-produced PM components, including complex and wire like, shape forms N S AML s PM-Wire & PM-360 TM Manufacturing Process Reduces the cost, increases the reliability, and significantly improves the performance of PM-based applications! ALL Competitors utilize conventional permanent magnet manufacturing processes fundamentally unchanged since the 1940 s Conventional Molding, Machining, Coating Process 1940s 8

9 Our Differentiation - IP Intellectual Property Comprehensive - enabling software, magnet and manufacturing technologies US/Intl. Patents 27 Granted, more in process Software Proprietary and Enabling u Coil-CAD Design & Manufacturing u Electrical Machine Modeling Software Proprietary Manufacturing Processes Intersections with YZ-Plane(s) -- Max Longitudinal Force = 0.10 [Newton/cm] -- Z-Axis [mm] Y-Axis [mm] Proprietary Software Intellectual Property Philosophy In most cases, AML owns all new IP and provides to the customer an exclusive, narrow field-of-use license AML Patents Proprietary Manufacturing Processes 9

10 AML Products Electromagnets AML Meinke magnets provide the highest field quality available Disrupts the mainstay solution, Helmholtz Magnets Up to 40X improved magnetic field quality > 50% less footprint > 40% less power 1, 2 and 3-axis solutions Equivalent Cost Markets (total) Research - $1B+ Medical - $1B+ Quantum Computing - $2B/2020 Manufacturing - $100M+ Dr. Rainer Meinke Continuous Cosine-Theta Magnets AML s Perfect-Field Process Hermann von Helmholtz 10

11 AML Products Permanent Magnets PM-Wire TM Breakthrough permanent magnet manufacturing Low Cost high volume automated mfg., increased yield Enabling Shapes & Sizes cross section / length Precise Magnetization ideal flux direction Plug & Play Replacement >10% improvement Easier and Safer simplified manufacturing PM-360 TM Continuous Directed Flux Magnets PM-Wire TM Better than Halbach Arrays Enabling Unprecedented Performance motors, generators, magnetic gearboxes, magnetic bearings, levitation, manufacturing and more High Power Density Higher Efficiency Significantly Lower Cost Over Existing Solutions Markets (total market by 2020) Motors - $144B PM Components - $27B Aero & Transportation- $9B Other - $45B PM-360 TM Enabled by PM-Wire TM 11

12 AML s PM-360 TM Better than Halbach End Products Motors and Generators Halbach arrays for electrical machines achieve highest flux density in the gap between rotor and stator Removes the need for iron Significantly reduces the weight Lower cost (assumes PM-Wire) Magnetic Gearboxes Magnetic gears transmit rotary motion like mechanical gears but instead of teeth they use magnetic attraction and repulsion between rotating magnets Less maintenance, no lubrication, better reliability, and efficiency, and they produce lower vibration and noise Other Transport Systems Magnetic Separation Beam lines, NMR, MRI Manufacturing, Assembly Equipment Cell phones, ipads, Data Security Market Sectors E-Mobility automotive, aerospace, marine, rail, sky rail, hyper transport Wind Energy Oil& Gas, Mining Medical Manufacturing PM-360 TM Market Size Motors Only $25B Plus Global Motors Market by Application, % 19% 4% 7% 22% 41% Total Market = $126 Billion Industrial Machinery Motor Vehicles HVAC Equipment Aerospace & Transportation Household Appliances Other s 12

13 AML s PM-360TM Better than Halbach PM-360TM Significantly wins over existing options N Permanent magnet motor rotor comparison array of magnets PM-360TM provides the highest usable magnetic field in the gap between motor rotor and stator PM-360TM eliminates the need for iron (weight) PM-360TM provides increased efficiency, higher torque, less vibration All, at a lower cost S S N Conventional N-S Pole Motor Rotor N S S Classical 90-Degree Halbach Motor Rotor ~36% Field Increase Complex Halbach Motor Rotor ~39% Field Increase N PM-360TM Motor Rotor ~57% Field Increase 13

14 Market for PM-360 TM - Motors ONLY $25B/2018 $46B/2025 Permanent magnets (PM), Very large fraction of the cost of a motor Department of Energy All Electric Vehicles PM Rotors = 50% of motor price Additional Savings PM-360 TM for motor rotors reduces the cost of the PMs and the cost associated with assembling into a rotor Other Markets Generators, magnetic gearboxes Magnetic bearings, levitation, manufacturing Motor Market Breakdown ($ Billions) AC - Synchronous $11 $12 $13 $14 $15 $17 $18 $20 $22 AC - Induction $73 $77 $83 $88 $94 $101 $108 $116 $125 DC - Brushed $7 $7 $8 $8 $8 $9 $9 $10 $10 DC - Brushless $15 $15 $16 $17 $18 $20 $21 $22 $24 Hermetic $14 $15 $16 $17 $19 $20 $22 $23 $25 TOTAL $119 $127 $135 $145 $155 $166 $178 $192 $206 AML Potential $25 $27 $29 $31 $34 $36 $39 $42 $46 % 21% 21% 22% 22% 22% 22% 22% 22% 22% Source: Grand View Research, 2017 Source: 2013 U.S. DOE Hydrogen and Fuel Cells Program and Vehicle Technologies Program Annual Merit Review and Peer Evaluation Meeting 14

15 Scalable Business Model AML focuses on what AML does best Magnets Our plan rolls out enabling products for the largest and fastest growing markets AML s strategy is for our customers to be the road-to-market AML is the enabler, the magnets Inside of the end-use product (i.e. BASF, Intel) AML engages at different phases of a product development each generating Revenue Developing Roadmaps, Feasibility and Design Studies Detailed Design, De-risking, Building, Testing Prototypes, Production Phase AML own s and profit s from the magnets inside (i.e. Meinke Magnets, PM-360 TM ) AML s Revenue Model AML s decision to engage with a customer is not based on work for hire Engagements must possess a high potential for recurring revenue Recurring revenue includes licensing, low-rate manufacturing, joint venture 15

16 Growing Company Revenue & Value Existing - Meinke high field quality magnets Research, Medical, Manufacturing, Quantum Computing Existing Customers Fortune 100, Global 2000, Department of Energy, Medical Startup New Customers Partnership with CAEN Technologies, a global provider of power supplies Marketing through Trade Shows and Industry Journals New - PM-Wire TM - Exponential Growth Opportunity - $25B Plus Market Enabling Unprecedented Performance in motors, generators, magnetic gearboxes, magnetic bearings, levitation and more PM-Wire TM & PM-360 TM Bringing to market for the first time, low-cost Halbach arrays New Growth customers are on deck, companies and and the leading-edge drone, evtol, aerospace and hyper transport ventures 16

17 Enabling. Your World. Transformed. Research & Development, Product Development, Manufacturing and Test Melbourne, Florida Mark Senti, CEO Erik Soiman Research & General Industry Lisa Negele Silicon Valley PM-Wire.com AML-Enabled.com 17

18 More about AML AML Magnet Technology for e-mobility AML Innovation Technology Platform Enabling. Your World. Transformed. TM

19 AML Magnet Technology for e-mobility Revolutionizing transportation with superior magnet technology Enabling. Your World. Transformed. TM

20 Magnets enable e-mobility The heart of electric propulsion, levitation and power generation Today Tomorrow 1-10 years AML s world leading magnet technology enabling the future Magnets are at the heart of electric machines 20

21 It is over For gasoline and diesel E-mobility - the electrification of transportation All transportation is going electric or hybrid electric 21

22 AML Market Focus - Electric Aircraft The Future of Flight is Electric Electric Aircraft Propulsion is changing how aircraft are designed and opens new aviation market opportunities AML Market Focus Turbofan High Bypass Turbofan Battery Electric Hybrid Electric Rotary & Radial Piston Supercharged Radial Piston Evolution of Aircraft Propulsion Technology Engine Innovations from Turbojet Benefits of Electric Aircraft Higher Energy Efficiency Significantly Less Emissions Significantly Quieter Lower Complexity Lower Operating Cost Greater Flight Performance Unprecedented Redundancy 22

23 The Future is Now! evtols - electric Vertical Take-Off Landing Vehicles Uber Elevate

24 Challenge: Today s Electric Machines are Inadequate State of Rotating Electric Machines Key Motor/Generator Performance Metrics Power Density Power Available for a Given Mass High power density = efficient packaging < 2 kw/kg - most machines produced today ~5 kw/kg - best machine developed to date > 10 kw/kg - required for electric aircraft Siemens Auto PM Motor 2.6 kw/kg, 150kW Peak Power Efficiency % Power Out / Power In Today: 91%-97% depending on machine design Bosch Auto AC Motor 2 kw/kg, 300kW Peak Power Siemens Aircraft PM Motor 5 kw/kg, 250kW Continuous Power Siemens Demonstrator 24

25 What does AML bring to the market? AML s Technology & Capabilities 1 AML Technical Team Leadership Dr. Rainer Meinke, Chief Technical Officer Dr. Philippe Masson, Electrical Machines World-Class development partners 3 AML Electrical Machine Optimization Proprietary Software Optimal configuration of a machine based on application requirements Multi-Objective design space exploration Analysis-Led Design 4 2 AML PM-360 TM - Permanent Magnet Rotors AML s Perfect-Field Application Development Lower Cost Manufacturing Process Increase Structural Integrity Enables Cooling Concept Design Optimization Manufacturing Easier and Safer for assembly Enabling magnet solutions 5 AML Electro-Magnets Stator High Power Density Ability to Overload Optimized for Reliability 6 AML Innovative Electrical Machine Experience Turbo-Electric Superconducting Propulsion 10MW Wind Turbine Generator Multi-Megawatt Airborne Generators evtol propulsion motors 25

26 AML Innovation Heart of electric propulsion, levitation and power generation PM-360 TM Rotors AML Stators AML Electrical Machine Design Software Machine Optimization Configuration, Rotors & Stators Optimized Machine PM-360 TM for Magnetic Gear Boxes PM-360 TM for Motor Rotors Electric Aircraft Motors 10% - 50% Improvement Drone Motors 10%+ Improvement Hyper Transport Lower cost levitation EV Motors, Ship Propulsion AML Stators Under Development Ability to Overload Impossible for coil windings to short or degrade Eliminates need for redundant windings Minimizing cooling requirements 26

27 Example Comparisons AML vs. World Record 250kW Motor Over 50% Improvement Power Density AML kw/kg èsiemens = 5 kw/kg Specific Torque AML Nm/kg èsiemens = 20 Nm/kg AML vs. State-of-the-Art Drone Motors >10% Torque Increase Enabled by AML rotor magnets Plug-and-play. No Change to motor design Lower cost Final materials selection, mechanical and cooling design and prototype demonstration will impact the final performance characteristics = Conventional Segmented PM-Wire Halbach Array 27

28 AML Innovation Technology Platform Enabling software and magnet technologies Enabling. Your World. Transformed. TM

29 How It All Began Fundamentally unchanged since the 1800s, AML set out to rethink the principles of magnets How a different approach could enable transformational applications in the vast space of magnetic based products and solutions 29

30 AML Innovation - Electromagnets AML Perfect-Field Application Development Process Unconstrained design flexibility, dramatically redefines what is possible Step 1. A Theoretically Perfect Magnetic Field Enables design entirely by the application as the ideal field solution, autonomous of any influence from existing magnet configurations Step 2. Perfect-Field enabled with AML CoilCAD Software The world s most advanced magnet design and manufacturing platform. The heart of the process, offering unprecedented capabilities, precision and automation for turning a theoretical perfect field into reality Step 3. Revolutionary Magnet Technologies Dramatic new magnetic discoveries and innovative coil configurations that yield formerly impossible geometries and capabilities Step 4. Unique Application of Advanced Materials Manufacturing technologies enable application of advanced materials - superconductors and nanomaterials. For copper, shown to achieve current densities 20X over conventional Step 5. Innovative Manufacturing Driven by CoilCAD, eliminates magnet tooling and assures precision and reliable product. Enables direct 3D like printing for optimizing conductor material and current density Step 6. Completed Products or Licenses AML s business model empowers companies to transform their industries and markets with products that are fully optimized for size, weight, efficiency, capabilities, environmental impact and cost 30

31 Redefining Magnetics Revolutionizing Electromagnets Design, Manufacturing and Applications Rainer Meinke 2000s William Sturgeon Electromagnet 1825 Conventional Coils 1800s s Double-Helix, CCT Coils Revolutionizing Permanent Magnets Nikola Tesla 1st Induction Motor 1883 James Maxwell & Hermann von Helmholtz Maxwell / Helmholtz Coil 1800s Motors PM-Wire Klaus Halbach Unprecedented Field Uniformity 2018 Halbach Array 1980 Philippe Masson Heike Kamerlingh Onnes Superconductivity Enabling SC Magnets 2016 Homopolar Motor ?? Homopolar Motor 1821 Michael Faraday 31

32 AML Electromagnet Technologies Enabling Features and Capabilities Unprecedented Performance Very High Field Uniformity - Even Current Distribution Highly Scalable Nano to Meters (length and diameter) Copper magnets with current densities Ic > 100 A/mm2 Zero quench training superconducting magnets Fast current ramp rates, High radiation hardness Any number of magnet poles and combined function in a single coil winding Competitors Conventional Magnets Vs. AML s Double-Helix Magnets Revolutionary Electromagnets Superconducting and normal conducting Double-Helix Direct Double-Helix Continuous Cosine-Theta Transparent Coils Expandable Coils Enabling Geometries & Combined Functions 10x Current Densities & Enabler for New Materials Stacked Saddle Coils Enables Usable and Highly Pure Fields in Coil Ends Enables High Current Densities & Mfg. of Wind-React Superconductors Enables In-Field Deployment of Very Large Magnets 32

33 AML Innovation Permanent Magnets PM-Wire TM A New PM Manufacturing Technology Reduces the cost, increases the reliability and enables new applications of PM-based applications Process allows mass-produced PM components, including complex and wire like, shape forms Key Attributes 1. Lower Cost Manufacturing mass produced, in process forming of cross-section, long length pieces 2. Enabling Shapes & Sizes cross section and length are not limited compared to conventional PMs 3. Increase Structural Integrity enables new applications such as high RPM motors/generators 4. Enables Cooling metal jacket seals and protects PM materials from cooling media 5. Higher Reliability more robust PM components and PM assemblies 6. Easier and Safer simplified manufacturing of PM based products Continuous Flux-Directed Magnets Enabling High Power Density Electrical Machines Significantly increases the magnetic field in the gap between rotor and stator in motors Eliminates iron in motors/ generators by bending the flux in the desired direction Key Attributes 1. Highest Performance optimized magnetic flux direction 2. Reduced Weight iron free motor and generator rotors 3. Low Cost Manufacturing single piece magnetization 4. Low Cost PM Assemblies simplifies assembly of rotors How It Works Patented magnet coil configurations provide perfect field distribution during PM magnetization process 33

34 AML Design & Modeling Software Electrical Machine Modeling Multi-objective optimization COMSOL Multi-physics analysis CoilCAD 3D design and manufacturing software Intersections with YZ-Plane(s) -- Max Longitudinal Force = 0.10 [Newton/cm] -- Z-Axis [mm] Y-Axis [mm] 3D Printing Geometry output to 3D printer CNC Manufacturing 3D coil coordinates converted to G-code 34

35 AML s Proprietary Design Software CoilCAD - 3D design and manufacturing software that allows rapid design, optimization and precision fabrication Unlike conventional design software and methods, CoilCAD describes and optimizes the complete 3D conductor path in arbitrary winding configurations. CoilCAD determines all performance aspects of the coil, and generates machine code for precision and highly automated manufacturing Enabling Geometries Coil shapes to match desired field - straight, curved, flared, elliptical Enabling Features Coil windings with combined functions such as: quadrupoles with superimposed dipoles; twisted quadrupoles Performance Calculations Conductor - Length, weight, resistance Inductance (self, mutual, stored energy) Magnetic fields Any point in space uniformly distributed points (Monte Carlo) Peak field in winding Multipole analysis Lorentz forces Within winding pattern Between different patterns Iron calculations and analysis Shielding (active and passive) Full quench analysis Beam optics analysis Intersections with YZ-Plane(s) -- Max Longitudinal Force = 0.10 [Newton/cm] Y-Axis [mm] Z-Axis [mm] Azimuth Angle [deg] Radial Forces [Newton]: (per unit length); I= [A] Position along Axis [mm] Extrude Space Curve Conductor cross section (round, rectangle, polygon, tape, cable) Multi-filament representation Visualization All views and cross sections of geometry Plots of forces and fields including an individual conductor 35

36 W motor (kg) Bi-2223 W cryo Wtot (kg) Operating temperature (K) Analysis-Led Design Physics-based models Electromagnetic, thermal, structural Multiple levels of fidelity Analytical, 2D FEA, 3D FEA, 3D in-house (mesh-free) Design requirements Multiple configurations/topologies Radial and axial flux, multiple rotors/stators, wound, fully and partially superconducting Conventional winding, permanent magnets, iron-cored, aircored, Continuous Cosine-Theta, Double-Helix, Direct-Double Helix, any winding configuration from CoilCAD Design/Analysis In-house code design of experiment, Monte-Carlo design space exploration, multi-objective optimization Developed in C, Python, Matlab, parallel computing Design Constraints Material Constraints Weight (kg) High Fidelity Analytical Sizing Model Design meets requirements Yes Design Optimization No Fully integrated into CoilCAD Unmatched field calculation accuracy No numerical noise Configuration and development possibilities unlimited Electromagnetics Thermal Structural 36

37 Superconducting Capabilities & Experience Design & Analysis Most advanced available Proprietary CoilCAD Software Proprietary, Multi-objective Electrical Machines Software Quench Simulation Multi-physics Commercial Software Magnet Technologies Enabling with unprecedented performance Unconstrained Geometries Zero Quench Training Highest Reliability & Field Quality Combined Function Capabilities Manufacturing Proprietary materials and processes AML Precision, highly automated and directly coupled to CoilCAD Cryogenic systems including a potable and isotropic configuration for matching CTE s and handling high stress applications Cryogenics & Testing Unique capabilities Field Uniformity Measurement for precision measurement of all higher-order multipoles AC Loss in Superconductors Power Supply, Quench Detection & Protection Superconducting product applications such as levitation, superconducting generators & electric propulsion Design, Magnet Technologies, Materials, Manufacturing, Testing, Cryogenics, Control Systems 37

38 Enabling. Your World. Transformed.TM