NEWS & EVENTS

QUARTERLY REPORT & APPENDIX 4C

Australian semiconductor developer, BluGlass Limited (ASX: BLG), is pleased to provide this Quarterly Update to accompany the Appendix 4C Quarterly Report for the three months ended 31 March 2020. Highlights for the period include: Laser Diode business progress Engaged Laser Diode customers to develop test products for delivery end of CY2020. repeat customer revenues anticipated to commence early CY2021 RPCVD tunnel junction laser diode structures show promising performance potential BluGlass’ US test facility nears completion Completion of a $5.8M Rights Issue and Shortfall placement RPCVD Tunnel Junction Paper for Laser Diode Applications presented at Photonics West Cost reduction measures

BLUGLASS RECEIVES COMMITMENT OF $1.1M IN SHORTFALL PLACEMENT

 BluGlass has received commitments to place $1.1 million of its Rights Issue shortfall  Shares expected to be issued on or around 24 April 2020 Australian semiconductor technology developer, BluGlass Limited (ASX:BLG) is pleased to announce that it has received commitments for its Rights Issue shortfall bookbuild of 55,025,196 million shares at $0.02 per share to raise $1.1 million. This supports the BluGlass Rights Issue, which raised a total of $4.76M (before costs) from eligible shareholders. The Rights Issue and Shortfall placement have raised a total of $5.86M (before costs), which will be used primarily to expedite BluGlass’ laser diode product development and commercialisat

BLUGLASS RAISES $4.7M IN RIGHTS ISSUE

BluGlass raises $4.76M pursuant to Rights Issue Allotment of shares expected to occur on 23 April 2020 Australian semiconductor technology developer, BluGlass Limited (ASX:BLG) is pleased to announce that it has closed its non-renounceable entitlement rights issue. The rights issue provided eligible shareholders with the opportunity to subscribe for new shares in the Company on a 1 for 1 basis at $0.02 per share. The Rights Issue raised a total of $4.76M (before costs). Funds raised under the Rights Issue will be used primarily to expedite the development of the Company’s laser diode business to deliver products in early 2021. BluGlass Chair, James Walker said today “We are pleased to have s

BUSINESS UDPATE: LD BUSINESS PROGRESS, LED & microLED UPDATE & COST SAVING MEASURES

Key Points: Laser Diode business progress BluGlass has engaged Laser Diode customers to develop test products for delivery end of CY2020. repeat customer revenues anticipated to commence early CY2021 RPCVD tunnel junction laser diode structures show promising performance potential confirm viability of n-type layers for laser diode applications BluGlass’ US test facility nears completion Global supply chain build-out continues to progress despite COVID-19 challenges BluGlass announces capital preservation measures Non-Executive Board to take 50% of director fees as shares (subject to shareholder approval) to end FY2020 Senior management team to take 50% of salary as shares, for the same pe

EDISON TV - INTERVIEW WITH GILES BOURNE

BluGlass’ Managing Director, Giles Bourne, sits down with the UK's Edison TV to introduce the company’s proprietary remote plasma chemical vapour deposition (RPCVD) technology. He explains why RPCVD’s ability to produce material at a lower temperature can improve the performance and cost of compound semiconductors used in the production of light-emitting diodes (LEDs), micro-LED, power electronics and laser diodes. He discusses the rationale for the company’s move into a directo-to-market model for laser diodes and the commercialisation path for this initiative. He gives an update on the company’s other commercialisation initiatives before highlighting the key milestones that investors shoul

RADIUM CAPITAL FACILITY - ADVANCE OF R&D TAX REBATE

Key Points - BluGlass has executed a loan agreement with Radium Capital - The facility provides an advance of the R&D Tax Rebate of ~$1M for first half of financial year 2020 BluGlass (ASX:BLG) today announced that it has executed a loan agreement with Radium Capital. This R&D Tax Incentive loan facility provides BluGlass with an immediate cash injection equivalent to 80% of the Company’s accrued R&D Tax rebate for the period of six months up to 31 December 2019 of approximately $1M. Early access to these funds will allow BluGlass to strengthen its balance sheet and help facilitate product development and testing of its laser diode products along with the advancement of our LED and

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BluGlass is an Australian public company listed on the Australian Stock Exchange to bring to market a breakthrough in the semiconductor technology industry.

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