Investor Presentation: Acquisition of Silicon Valley Laser Fab March 2022

BLUGLASS (ASX:BLG)

Acquisition of Silicon Valley Laser Fab & Assets

March 2022

FORWARD LOOKING STATEMENT

This document has been prepared by BluGlass Limited to provide readers with an update of the Company and the Company's technology.

Any statements, opinions, technical data and information, or other material contained in this document, do not constitute commitments, representations or warranties by BluGlass Limited or associated entities, or its directors, agents and employees. Except as required by law, and only to that extent, directors, agents and employees of BluGlass Limited disclaim any loss, claim, demand, damages, costs or expenses of any nature whatsoever arising in any way out of, or in connection with, the information contained in this document.

This document includes certain information which reflects various assumptions, subjective judgment and analysis, and is subject to significant business, economic and competitive uncertainties, risks and contingencies, many of which are outside the control of, and are unknown to, BluGlass Limited. The assumptions may not prove to be correct. Recipients of the document must make their own independent investigations, consideration and evaluations prior to making any decisions to invest in the Company.

Information on Service Addressable Markets (SAM) is based on internal BluGlass modelling and assumptions, both of which depend on successful R&D outcomes and results achieved within estimated timetables. BluGlass recommends a cautious interpretation be taken by investors.

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CONTENTS

01. BLUGLASS & MARKET OVERVIEW	04
Corporate Overview	05
Market Overview	06
Team	09
02. TRANSACTION OVERVIEW	10
Transaction Highlights	11
Compelling Strategic Rationale	12
Transaction Summary	13
Growing US Presence	14
03. ACQUISITION RATIONALE	15
Current Scenario vs. Future State	16
The Facility
17
Supply Chain: Before and After	19
Lower Cost of Production	21
Risks and Mitigations	24
04. TRANSACTION FINANCIALS	25
Capacity Scenarios	26
Use of Funds	27
06. LATEST LASER DIODE RESULTS	28
Delivering against clear product development pipeline	29
Latest prototype demonstrations: 405nm MM, 405nm SM, 420nm MM, 420nm SM	30
06. OUTLOOK	34

BLUGLASS & MARKET OVERVIEW

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COMPANY OVERVIEW

BluGlass Limited (ASX:BLG) develops and manufactures leading gallium nitride (GaN) semiconductor materials and laser diode technology for the industrial, scientific and biotech markets.

AUSTRALIAN & US		86
Based operations with more		PATENTS
than a decade's experience
delivering laser diodes and		Granted in key semiconductor
LED development to the		manufacturing jurisdictions
global photonics industries

EXPERT TEAM

With many decades

combined experience, led by

laser diode veteran

Jim Haden

PROPRIETARY

RPCVD TECHNOLOGY

Offers unique benefits to customers - including novel, brighter and higher efficiency laser diodes

FEW COMPETITORS

BluGlass is one of four suppliers

of blue Laser diodes globally

MULTIPLE

PRODUCTS

Designed to meet

underserved markets with strong customer interest across all wavelengths

KEY CUSTOMER

CONTRACTS

with DARPA, Yale University

and a European wafer

developer

DEBT-FREEwith

$6.24m cash at hand as at

31 December 2021.

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BLUGLASS INVESTOR PRESENTATION - SILICON VALLEY FAB AQUISITION

MARCH 2022