MICRO-X LIMITED — AGM Information 2017

Oct 23, 2017

Ltd

ACN 153 273 735

MX1: The Year in Review

Annual General Meeting: 24[th] October, 2017 Peter Rowland

Managing Director, Micro-X Ltd.

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MX1: This year’s Achievements Overview:

• Nano

• Carestream FDA 510(k) approval was achieved in 73 days

• Some challenges encountered with transitioning x-ray tube manufacturing in USA from development to volume production

• Mx Manufacturing Team deployed to North Carolina have solved problems

• Final pre-commercialisation well advanced

• Market interest very strong

• Rover

• Successful trial by ADF and now under tender procurement action.

• MBI

• Proof of concept demonstration very successful

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MX1: This year’s Achievements Tonsley Manufacturing Processes implemented and validated

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• Sized for 4 units per day on single shift

• Training & Documentation in place

• Supply chain issues with transition to production solved

• Assembly times on-budget

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MX1: This year’s Achievements ISO 13485 Accreditation

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• Organisational Quality Management System

• Medical Devices version of ISO9001

• Achieved with only one audit

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MX1: This year’s Achievements Reliability Growth Testing completed to 10 Years

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• 60 Patient Procedures per Day

• = 220,000 cycles over 10 year life

• Reliability issues found and solved

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MX1: This year’s Achievements X-Ray Tube Life Testing Completed to Five Years….and counting

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• Stress Test of typical Nano Exposures

• One Shot every four minutes

• Test will continue utill failure

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MX1: This year’s Achievements Reliability Growth Design Improvements introduced

• 140 Design Improvements implemented for:

• Reliability

• Durability

• Ease of manufacture

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MX1: This year’s Achievements

‘First from Production’ Units Formally Accepted by Carestream Health

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•
4 units per day on single shift
•
Training & Documentation in place
•
Supply chain issues with transition to
production solved
•
ISO 13485 Accreditation achieved
•
Reliability growth testing completed to 10
years
•
Reliability & Lifetime Proving tests will
complete in
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• First of anticipated A$600k pre-launch orders

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MX1: This year’s Achievements Market Introduction: Carestream generating strong market interest world-wide

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MX1: This year’s Achievements

Market Introduction: Carestream generating strong market interest world-wide

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• Nano’s Trade Show Itinerary last

• 12 months:

• RSNA, Chicago, 1[st] Dec

• Arab Health, Dubai, 30[th] Jan

• ECR Vienna, 2[nd] March

• Genoa, Italy, 6[th] April

• Sao Paulo, Brazil, 4[th] May

• Leipzig, Germany, 24[th] May

• Manchester, UK, 12[th] June

• Anaheim, USA, 9[th] July

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MX1: This year’s Achievements Rover: Contracted Ph 1 Demonstration of Rover Environmental Suitability

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• 2[nd] General Health Battalion, ADF Deployment Exercise ‘Giant Viper’ – Nov 2106 in Qld

• Fully Deployed Medical Facility

• Rover use trials in

• Operating Theatre

• Resuscitation Unit

• Intensive Care Unit

• Radiology Unit

• Ph 2 higher x-ray power demonstration in preparation

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MX1: This year’s Achievements Rover: Tendering to Australian Defence Force: Joint Project 2060

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• $400M ‘Turnkey’ Defence Acquisition Project to supply fully-equipped new Deployable Health Facilities

• Five prime contractors bidding in competition

• All five have requested bids from Micro-X for Radiology Imaging Suites

• Tenders close Nov 2017

• Contract award in 2018/9

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MX1: This year’s Achievements DoD Contract: Backscatter Proof-of-Concept Demonstration

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• Assisted and/or attended by:

• ADF Counter-IED Task Force

• Australian Federal Police

• US Office of the Secretary of Defense

• ADF Explosives Ordnance Disposal

• SA Police Bomb Squad

• Defence Science & Innovation

• Completes DoD contract

• Voice-of-Customer started yesterday

• Higher capability product now envisioned

• Further DoD funding in prospect

• First working prototype in 12 months

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Mobile Backscatter Imager - Product Concept

Test of X-Ray payload only

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MX1: This year’s Achievements: MBI: Contracted Imaging Demonstration of MBI Proof-of-Concept

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MX1: This year’s Achievements: MBI: Contracted Imaging Demonstration of MBI Proof-of-Concept

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• X-Ray tube with 75 emitters used in the demonstration

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MX1: This year’s Achievements DoD Contract: Backscatter Proof-of-Concept Demonstration

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MX1: This year’s Achievements DoD Contract: Backscatter Proof-of-Concept Demonstration

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Imaged through metal

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Imaged inside backpack

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MX1: This year’s Achievements Foundations laid for Future Security Business in USA: Micro-X Inc. established in USA Agreement signed with Lawrence Livermore National Laboratory

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• Collaboration follows visits by Home Made Explosives experts from US Department of Homeland Security & Counter Terrorism Technical Support Office to Tonsley

• Micro-X Chief Imaging Scientist based in USA

• Mx & LLNL preparing joint applications for DHS funding

• Focus on Backscatter and Phased Array Imaging HME materials characterisation

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MX1: This year’s Achievements Patents Lodged for New Imaging Modality

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• The x-ray beam can be modulated because the CNT x-ray tube is electronically controlled

• Beam modulation can be used in an array for beam steering and for getting distance information

• Thus single viewpoint 3-dimensional imaging is possible

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Phased Array X-ray Scatter Radar

Game-Changing Imaging Modality

Medical Applications

Security/Non-Destructive Testing

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Scattered X-rays
X-ray RF
focal spot
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CNT Multibeam
x-ray source
X-ray RF focal
scattered spot
X-ray Detectors
x-rays
X-ray Detectors
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• Ø Beamforming can concentrate X-ray dose in small focal point away from array.

• Ø By focusing the X-rays within an object the coherent scatter can be measured.

• Ø Coherent scatter uniquely identifies a material.

• Ø Security Applications: More accurate discrimination of threat items from 3D view

• Ø Medical Applications: Tissue biopsies with X-rays

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MX1: This year’s Achievements: New Product Concept: Bedside Cone-Beam CT – First Proof -ofConcept Images

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• Multiple X-Ray sources

• Rapidly switched using CNT control

• No tube motion

• Nano technology minimises Tube Head weight

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Product Opportunity: The current definition of Mobile CT

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Product Opportunity : Bedside CT Tomosynthesis Proof of Concept Test – Conventional Chest Image using Nano

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Possible Product Opportunity : Bedside CT Proof of Concept Test – Initial Reconstruction from Nano Images

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The coming months in prospect :

• Nano Trade Trials in USA

• Nano CE Marking

• Nano First Customer Shipments

• High Power Rover Ph2 Imaging Demo

• MBI Voice-of-customer trials

• US engagement with DHS

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Thank You; Any questions?

© Micro-X Ltd 2017