First of all I want to thank everybody for the opportunity to present MET Tech and introduce myself. I appreciate your time and efforts. I specifically want to thanks Veronique and Aaron for keeping process going.
MET Tech, Inc. Overview
Revolutionary
Inertial Sensing Technology
May ‘09
For more information contact
COO Jacob Bindler
Bindler@mettechnology.com
201-434-6000
www.mettechnology.com
It is essential to be on target.
Especially in densely populated areas
with no margins for errors.
Despite of enemy using GPS jamming devices.
It is essential to precisely pinpoint oil and gas
deposits anywhere in the world.
To avoid millions of dollars in costs of wells
drilled in wrong places.
It is essential to complement the existing GPS
location systems to improve their accuracy
and enable performance even when GPS
signal is temporarily not available.
It is vitally important to monitor aging
infrastructure.
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MET Tech has developed a novel inertial sensing
technology and tools that help solve the above
problems by delivering performance that is far
superior to similar priced sensors.
$4.2 Bl.
Projections for the size of the market for inertial
sensors in 2012.
MET TECH’s technology is different from
existing ways of measuring inertia.
We use liquid flow to detect motions.
Such approach deliver:
•great amplification
•low noise
•exceptional sensitivity
•wide dynamic range
State of the technology and products.
>30 companies Purchased our
seismic sensors
DARPA $ 1.9M contract
US Army >$800K in
grants
Applied Research Independent
Laboratory tests
Low frequency sensors: Company’s
first commercial product.
High value product for an important
niche segment of large seismic market.
Could be used in other industrial
applications such as vibration
monitoring.
First shipments in 4 months.
Will enable the Company to break
even.
Next step: seismic sensors for oil and
gas exploration
Inertial Navigation Systems
Inertial sensors are used for navigation when GPS
is not available (obscured by buildings, trees, or
when the receiver is underwater or
underground).
INS do not need an external signal to determine
precise positioning.
• Gun-fired projectiles are currently not
guided.
• Military wants guidance, but sensors are
usually destroyed during launch.
• MET sensors are proven to survive the
shock of launch and are expected to
provide precise guidance data.
Automotive stability control systems
Prospective Customers
Sunful Seismic sensing
The Chinese Academy of Geophysics, seismic
Science sensing
US Navy High precision gyro
Baker Hughes Drilling , Micro seismic
US Army High precision gyro
Rafael (defense) Targeting, platform
stabilization
STRONG IP
Two US patents
One outstanding US patent application
A number of international patents and
applications.
The Company
• Delaware corporation
• HQ in N.J.
• Subsidiary in Moscow, Russia
• Total equity investment to date – $2.5M
• Headcount – 18 Full and Part Time employees
including 4 PhDs
Management Team
Jacob Bindler, COO: Mr. Bindler is a cross-cultural entrepreneur with extensive
financial, operating, and private equity experience. He has a MBA from New York
University and an MS in Engineering.
Dr. Vadim Agafonov, Sr. Vice President, R&D: Dr. Agafonov is a co-inventor of
MET Tech’s breakthrough technology, and has specialized in the research of kinetic
phenomena in solids and fluids and the nature of noise in electrochemical systems for
over 15 years. Dr. Agafonov has published more than 40 scientific articles, and
heads the Company’s scientific team.
Dr. Catherine E. Rice, Vice President, Technology: Dr. Rice joins MET Tech from
Structured Materials Industries, Inc., where she was Senior Scientist. She has also
held R&D and management positions at AT&T Bell Laboratories (Lucent), the
Materials Laboratory at NAWC Patuxent River, TPL Inc., and Plasmion Inc. Dr. Rice
received a B.S. in Chemistry and Ph.D. in Solid State Chemistry from Purdue
University. She has over 25 years experience in solid state chemistry and materials
science R&D and has authored over 70 peer-reviewed papers, numerous conference
presentations, and several patents.
Low " Gen 2"
Volume New Sensing Low Volume High High
Devices & Uses Sales (> Element Sales Volume Volume
300) Completion Samples. Sales
Low Frequency Linear Sensor Sales of 100 - 200
Geophysical measurements, devices per month
micro seismic, vibration and will start in
infrastructure monitoring. Achieved NA Oct-09 November '09
Linear Sensor
Seismic Sensing
Infrastructure monitoring,
seismology, micro seismic.
Ocean bottom applications. Achieved Jan-10 Apr-10 Aug-10 Nov-10
Angular Accelerometer
Guidance & Navigation. Gun
fired munitions. In progress Oct-09 Jan-10 May-10 Aug-10
Rate Sensor
Guidance & Navigation. In progress Dec-09 Mar-10 Jul-10 Oct-10
DC Sensitive Linear Sensor
Guidance & Navigation.
Pedestrian navigation. In progress Oct-09 Jan-10 Mar-10 Jun-10
High Performance Gyro
Guidance, Navigation and
Platform Stabilization May-10 Jan-10 May-10 Nov-10 May-11
Large and growing market.
Strong IP position.
Validated platform technology.
Significant revenues to be generated
within 4 to 6 months.
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