V i t r i f l e x , I n c . , 2 3 5 0 Z a n k e r R o a d , S a n J o s e , C A 9 5 1 3 1 - 1 1 1 5

U l t r a - B a r r i e r F i l m s : S c a l e U p o f R o l l t o R o l l P r o d u c t i o n

R a v i P r a s a d , C T O V i t r i f l e x B A S I D M a r c h 2 0 1 6

Overview

Flexible, Transparent, Ultra-Barrier Film Products

• A Novel Solution for Encapsulation of Flexible Electronics

• Enabling the Next Wave of Large-Area Electronic Products

SOLAR PV Flexible Modules

Building Integrated

(BIPV)

DISPLAYS Flexible OLED Display

Quantum Dot Films

LIGHTING Novel OLED Sources

Novel Luminaires

2

Barrier Film Applications

3

Flexible Solar PV

Flexible OLED Display

Flexible OLED Lighting

QD Films

4

Market Requirements

The goal is a flexible polymer film with glass-like properties

• Low WVTR (Water Vapor Transmission Rate) – The key parameter [g/(m2day)]

• High Optical Transmissivity – Low absorption & haze at wavelengths of interest

• Mechanical Robustness – Resistance to impact, scratching, soiling, etc.

• UV Stability – For outdoor applications like solar

• Cost Effective – Roll-to-Roll Processing

Requirements for Transparent Barriers

OLED Display

OLED Lighting

Inorganic PV

Organic

PV Reflective Displays

Electrophoretic

Rechargeable

Batteries

Packaging AMLCD –

Quantum Dots

Current area of focus for Vitriflex

UNBREAKABLE

FLEXIBLE

LIGHTWEIGHT TRANSPARENT

THIN

Key Benefits Of Polymer Encapsulation

5

The Product

Flexible Transparent Ultra-Barrier Films (on rolls) from Vitriflex

• Low water vapor & oxygen transport rate (WVTR & OTR)

• Low cost via roll-to-roll manufacturing

• Direct lamination of electronic devices & flexible modules

Roll to Roll Manufacturing

OLED Device

Glass Substrate

VITRIFLEX BARRIER FILM

FLEXIBLE ELECTRONICS

GLASS-BASED ELECTRONICS

RIGID FLEXIBLE

6

Vitriflex Barrier Technology

Vitriflex has a novel, proprietary barrier film architecture

• Proprietary mixed-oxide material set

• Proprietary thin-film stack based on a “triad” structure

– Diffusion barrier layer

– Reactive layer

– Diffusion barrier layer

• Proprietary hybrid top seal

Polymer Substrate

Top Seal

7

Additional Benefit of Vitriflex Barrier Stack: Enhanced Optical Transmission

8

Tuned at 600 nm

Optical tuning enables improved light extraction

Going From Lab To Fab

12 months

PROTOTYPE

ROLL COATER

PRODUCTION

ROLL COATER

Proof of Feasibility

• 10-5 g/m2-day

• 125 mm web

• R2R Prototype

Scaled Up Platform

• 10-6 g/m2-day

• 1400 mm web

• R2R Production

9

Aegis: Internally-Designed Deposition System

10

Key Features

Modular Architecture

6 Deposition Zones

Throughput ~1M m2/year

Substrate Web Width up to 1.4 m

Substrate Thicknesses 25-200 um

Liner Removal & Replacement

Particle Management

11

Production Ready

AEGIS Deposition System

WVTR Uniformity Narrow Web (355 mm)

12

Full range of all measured samples between 6.9 x 10-6 and 9.7 x 10-6 g/m2-day

Outstanding uniformity and consistency at 355 mm width

13

Cross Web Uniformity: Wide Web 1200 mm

Superb results of scale-up to wide web in 2015

±1.8%

14

Cross Web Uniformity: Wide Web 1200 mm

Outstanding uniformity and consistency at 1.2 m width

15

Down Web Uniformity: Wide Web 1200 mm

At Production Speed, this is equivalent to a run of 1.7 Km!!

16

Vitriflex Wins Industry Award

Vitriflex received the “Best Technical Development Manufacturing Award”

• Award recognizes the most significant development of a manufacturing device, process or production plant in the industry over the

last 24 months.

• Manufacturing developments optimize the process of lab-scale or mass-scale production by improving productivity, quality, reliability,

uniformity, or scale.

• Read more at: http://www.printedelectronicsworld.com/articles/8722/idtechex-printed-electronics-usa-2015-award-winners

Award in front of Vitriflex’s internally

designed “AEGIS Deposition System”

David Parker, President & CEO

Award Ceremony, Nov 18, 2015

World’s Largest conference on the topic

Significant Progress in Ultra-Barrier Film Manufacturing

– AEGIS deposition system operational

Innovation in materials, process and equipment design

Proven excellent WVTR performance

R2R capability

1400 mm web width

– Strong IP portfolio

Multiple patent applications in process

– Production facility

Located in Silicon Valley, CA

– Positive customer feedback

Customer sampling underway

Applications in display, lighting and PV

17

Summary

Acknowledgements

Vitriflex

– Mark George

– Rex Chang

– Jason Bloking

– Martin Rosenblum

– Olivier Postel

– Teresa Ramos

– Eric Ha

– Rob Munns

– David Parker

18

Investors