25th June 2014
Private and Confidential © 2014 Metalysis Ltd.
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Background – simple, highly cost effective, greener process
• Electrolysis process’ are regarded as highly efficient
• Relatively low temperature operation and lower energy consumption
• Inexpensive components for electrolysis – cheap, readily available salt and carbon
• No toxic gases used
• Powder feed to powder product
Private and Confidential © 2014 Metalysis Ltd.
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Background - disruptive impact across periodic table
Elements being scaled up
Elements demonstrated in pure form
Elements that are possible to produce
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Background - Metalysis’ process is not constrained by melting routes
 Most alloys today are made by melting the constituents together
 However, melting constraints include density, melting point and boiling point
differences
Indium
Magnesium
 E.g. Titanium is normally only alloyed with 12 elements (4 have limits)
Aluminium
 The Metalysis solid state process can produce innovative and conventional alloys
Neodymium
Beryllium
70 Ti-30 Ta
90 Ti-10 Mo
Gadolinium
Dysprosium
Nickel
Scandium
Titanium
Rhodium
Hafnium
Ruthenium
Molybdenum
Rhenium
Tungsten
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Background – initial focus on two core products
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Metalysis has chosen to focus initially on two metals, tantalum and titanium
Tantalum is the initial entry market as it is specialist, low volume and high margin
Titanium is a larger market which could be transformed by the introduction of a low-cost production
process
PHASE 1:
• High value metal - annual volumes of 2,500
tonnes in a market worth over $2 billion
• Powder prices range from $500 – 2,000/kg
• Mainly produced by the Hunter process
• Substantial margin opportunities – a viable
business in its own right
PHASE 2:
• High value metal - annual volumes of ~170
ktpa in a market worth over $10 billion
• Powder prices range from $200-400/kg
• All titanium is produced by the Kroll process
• Current market size is constrained by the
cost of the metal, poised to expand rapidly if
the cost can be lowered
• A significant value opportunity
Private and Confidential © 2014 Metalysis Ltd.
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Metalysis Tantalum powder morphology offers significant advantages
Metalysis Q4 2007
Metalysis Current
Commercial powder
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The unique structure of Metalysis powder has the potential to deliver improved
capacitive properties and electrical characteristics with reduced processing
steps.
Oxygen now at acceptable levels and carbon ca. 50ppm – now within reach of a
high margin capacitor grade powder product.
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2013 2012 2012 2011 2010
Background - Metalysis is all about low cost metal powders and alloys
PIGMENT
HONEYCOMB
HONEYCOMB
SPONGE
PRE-FORM
PRODUCT
SUBSTITUTE
BEAD
SPONGE
PIGMENT
PRE-FORM
SUBSTITUTE
PIGMENT
GRANULE
POWDER
POWDER
DIRECT ORE
POWDER
3D PRINTED
DIRECT ORE
POWDER
PART
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Metalysis summary
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Metalysis has developed a unique technology originally based on the FFC® Process invented at
the University of Cambridge, UK
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The technology is capable of producing a vast range of metal powders for use in conventional and
additive manufacturing at substantially lower cost
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Capable of producing metals for a range of niche and volume markets, including aerospace,
electronics, bio-medical, petro-chemical and automotive
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Based on 10 years of R&D effort Metalysis has built a small industrial facility in the UK to
demonstrate tantalum & titanium production
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25 live, published families of patents originally based on the FFC® approach – substantially
developed
Metalysis’ metal powder technology will transform global manufacturing
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