Griffin Analytical Technologies, Inc. “Delivering Universal Chemical Detection to the Marketplace” Business Summary: Griffin Analytical Technologies (GAT) is committed to providing the scientific community with affordable, portable and functional chemical analysis instrumentation. To this end, GAT is licensing proprietary Purdue technology to deliver a miniaturized mass spectrometer (MMS) to the analytical instrumentation markets. Mass spectrometry (MS) provides identification and quantification of chemical targets for the pharmaceutical, biotechnological, automotive, chemical, environmental, consumer product, petroleum and research industries. GAT will deliver a MMS at a competitive cost and expand the applications of mass spectrometry. Technology Summary: The mass spectrometer is the most definitive chemical identification and quantification instrument in the world. Scientists use mass spectrometry to identify the materials of interest. People can be identified by their fingerprints, similarly molecules can be identified by their fragmentation pattern. Mass spectrometers measure the mass of a molecule and produce a fragmentation pattern or molecular fingerprint. This information gives both the identity and concentration of the molecule. There are several different types of mass spectrometers, which vary in detectable mass range, sensitivity, and accuracy. Current pricing of mass spectrometers ranges from $80,000 to ~$2,000,000 for the most sensitive instruments. Product: Typical mass spectrometers range in overall footprint, some can occupy entire bench-tops while others can fill large portions of an entire room. The innovation realized by the GAT founders will allow GAT to fabricate a portable MMS instrument the size of a shoebox while utilizing a majority of components that are readily available in the marketplace. This portability will allow researchers the freedom to make chemical measurements in the field away from the laboratory. Another feature of the technology is that sample injection ports may be aligned in matrix geometry to allow for multiplexed sample analysis. This is a critical feature that has the potential to meet the demands of high-throughput drug screening instrumentation. Management: Dennis Barket, Jr., - Founder barketdj@purdue.edu (765) 426-9783 Garth Patterson – Founder patterge@purdue.edu (756) 426-9586 Sam Florance – Director of Gateways Program – General Business Counsel florance@purdue.edu (765) 496-6246 Industry: Analytical Instrumentation Nearest Competitors: Inficon- www.inficon.com Mass Sensors – www.mass-sensors.com Kore Technologies – www.kore.co.uk Bank: PEFCU - P.O. Box 1950 West Lafayette, IN 47996-1950 765-497-3328 Accountant: Huth and Thompson 10 North Seventh Street P.O. Box 4639 Lafayette, IN 47903-4639 (765) 742-1244 Contact: Steven Thompson Law Firm: Baker and Daniels Indianapolis - 96th Street Office 600 E. 96th Street, Suite 600 Indianapolis, IN 46240 Contacts: Trevor Belden and Jeffrey Brown Markets: The MMS will provide a tool to the research community that spans horizontally across markets. GAT has divided its target markets into 5 segments: biotech/pharma research, industrial process monitoring, environmental testing, academia and government research, explosives/chemical warfare agent detection. In addition to the $1.2B MS market, GAT believes that its technology will create new markets where previously price, capability, and/or size prohibited consumers the luxury of using mass spectrometry as a chemical analysis tool. Barriers to Entry: Competitive barriers are erected in the form of intellectual property rights, in-depth experience within the field of mass spectrometry, and a strong scientific advisory board. Other organizations are attempting to satisfy the market for miniaturized mass spectrometers, however they are limited by technology that does not meet the market need. The science behind GAT’s technology is superior to those existing in the marketplace today and GAT will furnish testimony to that fact. Financial Projections Revenue Expenses EBIT Net Income Grants and Investment Cash Flow Ending Cash Flow 2002 2003 2004 2005 2006 Griffin Analytical Technologies