Management Team Dr Stephen Edwards: Commercial and Managing Director PhD Industrial Biotechnology, Knowledge Transfer Manager Professor Mathew Brown: Research and Development Director Professor of Cell Biology & Applied Virology Dr Amos Iorliam: Operations Director MBA Harvard University, LLP Ruth Kennedy-Walker: Finance Director MBA, FCA, Chartered accountant: PWC
COST OF PIPELINE CORROSION COST OF MIC £12.1 Billion £3.6 Billion Cost of Corrosion in the Oil Industry
Microbial Influenced Corrosion
Metabolites Microbial Influenced Corrosion
COST OF PIPELINE CORROSION COST OF MIC £12.1 Billion £3.6 Billion £1.9 Billion Cost of MIC in the Oil Industry
MIC Mitigation/Maintenance Dewatering Physical Cleaning (Pigging) Flushing/Addition of Biocides Introduction of Chemical Inhibitors Internal pipeline coatings
MIC Phage Therapy
Lab Scale Results: Reduced Biofilm Formation by up to 20% Reduced MIC Causing Bacteria by 60% Reduced Corrosion by up to 25% Phage Therapy Vs. Biocides/Inhibitors Phage AdditionBiocide Addition
Market Opportunity £1.9 Billion p.a£475 Million p.a
Where We Have Come From? Investment Pitch 2/12/2013 Formation of Spin Out Company - Phage Off 1/4/2013 EPSRC Advanced Research Fellowship 1/9/2008 1/3/ /3/2013 International Patents Filed in Target Nations 1/5/ /5/2013 UK IP Granted 1/11/ /11/2010 UK Priority Applications 16/9/ /9/2013 IP License and Research Concordat Agreed with University 1/9/ /9/2012 Phage Application Experiment 1/9/ /9/2011 Development of Lab Scale Culture Techniques 1/9/ /9/2010 Identification and Isolation of Major MIC causing Bacteria and Associated Phages
Business Strategy: Years End of Year 3 1/1/2017 End of Year 2 1/1/2016 End of Year 1 1/1/2015 Investment Pitch 2/12/2013 Formation of Spin Out Company - Phage Off 1/4/2013 1/1/ /1/2017 Continued R & D 1/1/ /1/2017 Identify Potential Licensees/ Building Market Presence 1/7/ /7/2016 Scale Up of Phage Application 1/7/ /3/2017 Production of Phage Culture 1/1/ /7/2014 Scale Up of Phage Culturing Techniques
Intellectual Property End of Year 3 1/1/2017 End of Year 2 1/1/2016 End of Year 1 1/1/2015 Investment Pitch 2/12/2013 Formation of Spin Out Company - Phage Off 1/4/2013 1/12/ /11/2016 Patents Granted in Target Nations 1/3/ /3/2013 International Patents Filed in Target Nations 1/9/ /9/2011 International PCT Applications 1/5/ /5/2013 UK IP Granted 1/11/ /11/2010 UK Priority Applications
Expenditure: Years 1 - 3
Projected Income: Years
Growth and Future Markets Gas Oil Wastewater Drinking water
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