APPENDIX 4C QUARTERLY REPORT 30 JUNE 19
Australian semiconductor technology developer, BluGlass Limited (ASX: BLG) presents its Appendix 4C for the quarter ended 30 June 2019.
During the period BluGlass completed the expansion and upgrade of its Silverwater facility. It is forecast that approximately $800,000 will be paid in the September 2019 quarter for work completed in relation to the facility expansion and upgrade. This facility includes two new clean rooms and the supporting infrastructure which houses two additional deposition systems, the BLG-300II and the commercial-scale AIX 2800 G4. The first of these systems, the BLG-300II, is now commissioned and has commenced RPCVD growth runs. These additional systems will significantly increase BluGlass’ RPCVD development capacity, increase the RPCVD customer foundry output, and demonstrate the scaling potential of the RPCVD technology. The scaling project is in collaboration with AIXTRON SE, to implement RPCVD on a commercial scale platform on the AIXTRON AIX G4. This project continues to make good progress and remains on schedule for completion towards the end of calendar year 2019. A key US Patent has been granted for buried activated p-GaN for tunnel junctions. BluGlass continues to receive strong interest on the performance potential of RPCVD tunnel junctions and cascade LEDs from the industry. During the quarter, operational and capital expenditure remained in line with the Company’s budgeted expectations. The Company has lodged its R&D tax rebate application for the last financial year and expects to receive approximately $2 million in the coming quarter. On 26th August 2019 BluGlass will welcome shareholders, suppliers, partners, media and other stakeholders to the official opening of the upgraded BluGlass Silverwater facility to meet with the board, management and the technology team to discuss progress towards our technical and commercial goals.