Company Introduction

� Fabless Semiconductor.

� Green Tech Focus

� Market = LED Lighting Market.

� Product = LED Driver Electronics

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The Team

Conor McAuliffe - CEO

22 years in Semiconductor industry

Co-founderTechnical

Advisory

Board

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Paul Grogan - CTO

14 years in Semiconductor industry

Board

The Problem

� Many bulky components.

� Complex design process.

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� Physically large.

� Poor reliability.

The Product

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Business Model and Customers

Fabless Semiconductor

LED Lighting Manufacturers LED Driver Module Manufacturers

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LED Lighting Market

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Key Market Drivers

� Legislation and Regulations: Many governments have taken the initiative to ban incandescent lighting. Beginning in 2010, the EU will ban filament light bulbs across all 27 member states.

� Energy Efficiency: Solid-state lighting is extremely efficient compared with incandescent lamps, and with improved efficiencies of new generations of LEDs, energy efficiency is likely to continue of new generations of LEDs, energy efficiency is likely to continue to be a significant driver in the future.

� Green Consciousness: The effects of global warming are taking priority in policymaking circles. The world has accepted that the carbon footprint of the economic activity has to be reduced.

� Price of Electricity: Lighting is a major user of electricity, and the cost of electricity can affect purchasing decisions.

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Death of the Incandescent

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Legislation Driven

LED Replacement/Retrofit

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LED Replacement/Retrofit

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Market Opportunity

LED Bulb Replacements (Millions of Units)

2010 ~ 30 Million units

2013 ~ 430 Million unitsSource: Strategies Unlimited

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Ikon Semi 1st product available here

Competition

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Summary

� “Green-Tech” fabless semiconductor company.

� Silicon for LED low-energy lighting market.

� Large global market.� Large global market.

� Proprietary protectable technology.

� Experienced team.

Ikon Semiconductor Ltd Confidential