BLG Presentation Friday 23td, page-9

and this is chatgpt’s summary of the PDF…

Here's a concise summary of the BluGlass Investor Presentation – April 2025:

Company Snapshot

• BluGlass (ASX:BLG) is the world’s first pure-play GaN (Gallium Nitride) laser company.

• Specializes in visible GaN laser diodes for next-gen applications: quantum computing, aerospace, biotech, and defense.

• Operates across Australia and the US, with 58 patents and vertically integrated manufacturing.

Recent Highlights

• Over A$6 million in recent contracts:

  • A$2.9M DoD subcontract (Microelectronics Commons CLAWS Hub)

  • A$1.2M contract with a startup developing photonic integrated chips

  • A$1.93M from IP transfer to European customer

• Repeat GaN laser orders from global partners.

• MoU with Applied Energetics for military-grade lasers.

Market & Opportunity

• GaN laser diode market expected to reach US$2.5B by 2025.

• BluGlass is positioned in high-growth segments:

  • Quantum: sensing, computing, comms (~$170B TAM by 2040)

  • Defense: directed energy, LiDAR, comms ($11B market by 2033)

  • Biotech/Healthcare: DNA sequencing, surgical lasers (~$21B by 2033)

• Competes with a handful of suppliers, offering custom wavelengths and advanced packaging.

Technology & Products

• Offers DFB, MOPA, single-mode, and multi-mode lasers.

• Focus on high-precision, narrow-linewidth, and tunable devices.

• Products used in atomic clocks, quantum sensors, 3D printing, sterilization, and AR/VR.

Strategic Vision

• Focus on high ASP (average selling price), high-value markets.

• Leverages strategic relationships with US DoD, defense primes, and OEMs.

• Current pipeline: 26 projects, US$90–100M in potential value.

Capital Raise

• Raising up to A$8.3M via:

  • A$2.3M placement

  • A$6M Share Purchase Plan (SPP)

• Funds used for:

  • Scaling delivery

  • Manufacturing upgrades

  • General working capital

Key Dates

• SPP record date: 30 April 2025

• Placement shares trade: 8 May 2025

• EGM for approvals: around 9 June 2025

• SPP closes: 10 June 2025