GRAPHENE IN A FLASH

ADVANCED MATERIALS

Poised for Leadership in the

Global Graphene Market

February 2021

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GRAPHENE IN A FLASH

Team
John van Leeuwen, CEO and Co-Founder Company Detail
– Co-founder EcoSynthetix, grew company from idea to largest Cleantech IPO in TSX history
Headquarters: Burlington, Ontario, CA
(2nd fastest growing NA Clean Tech company behind Tesla), raised >$200M as entrepreneur
– BSc Chemistry (Waterloo) • R&D Lab: Mississauga, ON – 3 scientists

• R&D Lab: Houston, TX – 3 scientists

Dru Kefalos, CMO
Headcount: 10
– 28 years ExxonMobil Chemical, 10 years in Global Leadership in Marketing &
Supply Chain; Led separation and substantive turnaround of ExxonMobil business Capital Raised to Date: $12M
– Led development of a CNT venture; Majority share purchased by SABIC

Dr. Vladimir Mancevski, VP of Engineering

– Co-founded Xidex & Tenka Energy, grew from concept to commercial12 patents, 6
publications
– PhD in Physics, University of Texas

Dr. Duy Xuan Luong, Senior Scientist

– Co-inventor of Universal Matter’s (“UMI”) technology; 6 patents and 5 publications
– PhD in Physics, Rice University

Dr. James Tour, Co-Founder and Scientific Advisor

– Professor at Rice University; Royal Society of Chemistry; Named among “The 50
Most Influential Scientists in the World, 2019” and “The World’s Most Influential
Scientific Minds, 2014”; R&D Magazine’s Scientist of the Year, 2013; World’s 3rd
most prolific graphene inventor 2
GRAPHENE IN A FLASH

Tackling the Global Plastics Problem

Plastic production has grown 25x in the past 50 years Less than 20% of plastic ends up being
and is set to rise another 4.7x by 2050 recycled – it’s just cheaper to dump!

Global Plastics Production 1,800

(Metric Tonnes / Year)

790
380
50 120

1975 1990 2015 2025E 2050E

What if we could make recycling financially profitable, with an end-product that is

economically attractive and powerful enough to disrupt almost every industry?

With our patented technology, we can make high quality graphene at a low cost from any carbon
source, including plastic waste – in just one second – turning trash into flash graphene!
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GRAPHENE IN A FLASH

Vision

Produce the highest quality and the most economical

graphene using simple carbon ingredients that
dramatically reduce our human footprint

Universal Matter is leading the transition toward the crucial circular economy
by using biomass and plastic waste to create stronger, lighter,
and more resilient products with graphene

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GRAPHENE IN A FLASH

What is Graphene?
Supermaterial with almost limitless potential to dramatically disrupt and
positively impact a wide array of industries
2D single layer of carbon atoms organized in hexagonal rings, resembling honeycomb or
chicken wire – just a tiny amount can significantly enhance the properties of plastics,
paints, composites, asphalt, concrete, metals, and lubricants
– Strongest material known to humankind – 200x stronger than steel
– Thinnest material ever measured – even considered a 2-dimensional nanomaterial
– Flexible and most stretchable crystal – up to 20% elastically
– Best conductor of electricity
– Best conductor of heat
– Transparent at one atom thick

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GRAPHENE IN A FLASH

Graphene Has Commercial Applications Across Industries

Cost-Effective and Environmentally Friendly: Incorporating graphene into many materials
can reduce their use by 25%+ and reduce Greenhouse Gas emissions
– Attracting significant attention from Fortune 2000 companies – Ford is one of the largest buyers today

Industrial Packaging Consumer

Lubricants, Cement, Chemicals, Beverages, Cosmetics, Food, Labels, Clothing, Footwear, Styling, LED
Composites, Paints, Coatings Personal Care Products Lighting

Auto Sporting Goods Electronics

Tires, Adhesives, Plastic & Foam Golf Balls, Field Hockey Sticks, Thermally Conductive Adhesives, Batteries,
Parts, Batteries, Wheels, Paint Hydrofoil, Rugby Balls, Bicycle frames Substrates, Wearable Electronics
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GRAPHENE IN A FLASH

Our Market
Tipping point of mass adoption
We are focused on 4 initial target markets $150B TAM
comprising $35B of the global $150B TAM:
– Concrete ($30B)
– Asphalt ($3B)
– Plastic pipe ($1B)
– Polyurethane foam ($200M)

$35B TAM
Universal Matter’s
initial target market

Nascent market currently growing at

40% CAGR poised for even more
rapid growth as our more affordable $80M
and higher quality graphene become SAM
Source: The Graphene Council;
available 7
Grand View Research
GRAPHENE IN A FLASH
Current Market Challenges Limit Widescale Adoption
Criteria for widescale adoption…
1 High-Quality
2 Affordability
3 Sustainability
4 Scalability
…limited by current market dynamics
û Competitors produce graphene with too many layers,
defects, and impurities
– Produce only multi-layer graphene and graphite, which
have inferior commercial qualities and are less
effective than few-layer graphene
û Competitors use expensive, mined graphene as a base
material
û Expensive production processes with large chemical
reactors, effluent treatment, and ball milling
û Production processes require large amounts of
chemicals, water, and energy
û Competitors are predominantly still in the R&D stage
and unable to penetrate larger cost-sensitive markets
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 GRAPHENE IN A FLASH

Our Solution
Highest quality graphene and the most economical
Our patented Flash Joule Heating
FJH creates the thinnest, purest turbostratic graphene,
(“FJH”) process produces the highest Our process creates the purest, most
meaning that the graphene layers have no ordered
quality graphene from sustainable & affordable and most environmentally-
alignment – this gives our graphene superior properties
inexpensive carbon sources in less friendly graphene
that are critical for industry applications
than one second

Published in January 2020 Graphene is classified as having less than 10 layers

The thinner the sheet, the more superior the properties
1. Highest Quality
Turbostratic nature results in superior
dispersibility, structural performance
gains, and better electrical & thermal
conductive properties

“Curren
Graphe
t 2. Most Economical
ne”
Lowest cost production process by an
order of magnitude

h e
as n
Fl phe
ra
3. Most Sustainable

O
G
G
Production requires only electricity,

h
as
rather than chemicals and reactive

Fl
gases. Inputs include inexpensive and
recycled carbon waste streams

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 GRAPHENE IN A FLASH

How It Works
Converting any carbon source, even plastic and food waste, into graphene
Proprietary Flash Joule Heating Apply energy via a short electrical pulse
Non-carbon materials sublime out and
1 process can start with almost any
carbon source placed between two
electrodes
2 to instantaneously heat temperature to
3,000 K, breaking every chemical bond
in the material
3 remaining carbon elements reconstruct
into turbostratic graphene

Input carbon sources include coal, Environmentally-friendly process uses Reaction occurs in a bright flash of light in
petroleum coke, mixed plastic waste, no solvent and no chemical less than one second, so fast that the
rubber tires, biomass, and waste food additives surrounding container does not even get hot

Graphene
created
3,000 K

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GRAPHENE IN A FLASH
What It Means
UMI positioned to catalyze market growth by increasing accessibility & affordability
Massive Environmental Impact
New use for coal without the need to burn it to
derive value
Leverages materials like plastic bottles that would
end up in landfills and converts biomass and
food waste that would otherwise decompose
Allows us to use significantly less of the
expensive materials we use today
Overall, this reduces our carbon footprint and
lowers Greenhouse Gas emissions by upcycling
existing carbon and creating a terminal carbon sink
Example Application in Concrete
Concrete contributes to 6-7% of
Global Greenhouse Gas emissions
each year
– By adding less than 0.1% of flash
graphene to concrete, it increases
the concrete strength by 35%
– This means that we can use ~26%
less cement to achieve the same
structural integrity with concrete
A 26% reduction in cement use
could result in a 2% reduction
in global Greenhouse Gas
emissions from this
application alone
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GRAPHENE IN A FLASH

How We Stack Up
Patented FJH process provides a sustainable competitive advantage
Industry Competitors Universal Matter

◐ ●
1 Purity 10 to 30-layer graphene; 95% purity 1 to 5-layer graphene; 99%+ purity

Quality
Product Few Layer & Multilayer Graphene; Graphite Turbostratic Few Layer Graphene –
Characteristics Nanoplates – Varied chemical purity Lowest impurities and defects

●
2 Process Cost
Moderate to High – Very Low Cost using FJH Technology –

◔ ◔
FLG currently sells for $90/kg Projected price of less than $50/kg
Cost
Hours: Chemical and Mechanical
Process Type 1 Second: Flash Joule Heating
Exfoliation

●
3 Feedstock Used
Main: Graphite Main: Petcoke (Broad availability)
Alternatives: None Alternate: Many low-cost carbon sources
Environmental
Impact Harmful solvents and chemical additives;
Process Clean process using electricity only
Large amounts of water and energy

◐
4 Dispersibility 0.02% - Ineffective dispersion due to 0.5% - Effective dispersion due to

◕
in Water inferior Bernal AB stacking superior turbostratic stacking
Industry
Applications Yes, based on clean production process and
Medical Grade Not possible 12
FDA-approved activated charcoal feedstock
GRAPHENE IN A FLASH

IP Brings Long-Term Advantage

Intellectual Property is patent-pending and difficult to circumvent
• Patents licensed by Universal Matter from Rice University on an exclusive basis for world-wide
commercialization
– Sponsored Research Agreement with Tour Labs (Rice University) for production process development, scaling ($1M DOE
grant), and advanced material research (novel graphene containing materials)
– These patents cover the process for making flash graphene from various carbon sources, including waste plastic and used
rubber tires; also covers making other 2D materials using Flash Joule Heating
– It will it be very difficult to copy this process to circumvent this patent given uniqueness of the process

• Universal Matter has already and will continue to develop new IP for next gen process patents and trade secrets;
the Company has already filed application patents taking advantage of the unique properties of turbostratic
graphene. We will continue to advance our IP portfolio and proprietary information on several fronts.

# of
IP Type Number Filing Date Status Description
Countries
60 (spanning North &
App. No. Sub-Second Graphene Synthesis By
Patent South America, Europe,
62/727,510
Sept 5, 2018 Pending
Flash Joule Heating
Asia, and Australia)

60 (spanning North &

App. No. Sub-Second Other 2D Material
Patent South America, Europe,
62/880,482
July 30, 2019 Pending
Synthesis By Flash Joule Heating
Asia, and Australia)

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GRAPHENE IN A FLASH

Our Strategy
Lead mass commercialization and adoption of graphene technology

Dec 2020 Near-term Dec 2022 Long-term

SCALE - Scale the FJH production process

1 to a demonstration plant DEVELOP – Achieve full-scale
1 development lines
FUNDRAISE - Raise grants & growth
2 capital from strategic partners

SALES – Begin commercial sales via

3 PROTECT - Secure IP for key
market segments and applications 2 existing industry partners and new clients

PARTNER - Form strategic business

4 relationships with key industry partners
EXPAND – Target new verticals and
DEVELOP APPLICATIONS - Qualify the
3 geographic markets
5 use of flash graphene in key target markets
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 GRAPHENE IN A FLASH

Track Record of Hitting Milestones

Achieved significant progress with limited outside capital to date
Dec 2018 Sept 2019 Sept 2020 Sept 2021 Dec 2022

Initiated Mfg. Mfg. Automation

Flash Target Vertical 1st Production
FG application Automation
Graphene Markets Line
projects w/ Pilot
Invented Identified
collaborators Line First FG Sale
Universal Process scale-up First
Website
Matter Milestone – 100x FG kg samples
Launched
Incorporated Original scale to prospects

Jul 2019 Oct 2019 Dec 2020 Oct 2021

GRAPHENE PRODUCTION
CAPACITY (per line per day) 50 g 500 g Feb 21 5 kg 1000 kg

Seed Round: $5-15M in Government Grants Series A round

$1.2M $10-30M Convertible Notes Size TBD

FUNDING PLAN
Department of Energy Oct 20 - Received Department of 15
(partner with Rice) $750k $7M STDC Grant Energy II $600K
GRAPHENE IN A FLASH

Governments and Industry Partners are Responding

Received $7M SDTC + $1.3M DOE grants to scale production process to
250 metric ton per year in 3 target markets in with industry partners
Target Markets Industry Partners

1 Plastics and PE125

HDPE Pipe
Feedstock
Supply Partner

2 Cement and
Concrete

3 Polyurethane Foam

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 GRAPHENE IN A FLASH

Media Traction
Major news and media sources recognize the impact of Universal Matter

Publication Link Article Link Over 1 Million Views Article Link

January 2020 January 2020 Video Link July 2020
January 2020
Video Link
January 2020
Video Link
March 2020
Video Link
May 2020
Video Link
June 2020
50+ response articles in leading magazines and newspapers 17
GRAPHENE IN A FLASH

Our Commitment

Universal Matter is committed to making the

world more sustainable by upcycling carbon
waste into the highest quality and most
processable graphene on the market at a value
that will drive mass adoption

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GRAPHENE IN A FLASH

Thank you!

For more information please contact:

John Van Leeuwen
Chief Executive Officer
johnvl@universalmatter.com
1 (905) 699-1276

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GRAPHENE IN A FLASH

Appendix

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GRAPHENE IN A FLASH

Flash Joule Heating Process Detail

A. Schematic of the FJH process with
temperature vs time to illustrate a sample
being heated to > 3000 K within ~10 ms.
B. Raman spectra of Turbostratic Graphene (TG)
derived from various starting materials.
C. TEM image of a “few-layer” TG on top of a
single layer TG.
D. HR-TEM showing the Moiré pattern inside the
“few-layer” Turbostratic Graphene.
E. HR-TEM showing the single crystal structure
of a single-layer graphene.
F. Raman spectra of TG derived from anthracite
coal showing the best sample recorded and the
average graphene sample obtained.
G. Raman mapping of anthracite-derived TG
where the scale at right is the 2D/G band
height.

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 GRAPHENE IN A FLASH

Competitor Production Processes & Product Pale in Comparison

Bottom-Up Approach Top-Down Approach Universal Matter Approach
Graphene Film (on Substrate) Graphene Powder Graphene Powder

Process: Exfoliation of graphite through chemical, Process: Flash Joule Heating of inexpensive and
Process: Chemical vapor deposition of Methane (CH4)
thermal, and mechanical processes, incl. ball milling recycled carbon using electricity

LIMITATIONS LIMITATIONS ADVANTAGES

High Cost Film Only High Cost Low Yields Low Cost High Yields

Poor Quality High Quality

Environmental - >15 Layers, Low Aspect Environmentally - <5 Layers, High Aspect
Detriment Ratio, and AB Stacked Friendly Ratio, and Turbostratic
- Impurities / Defects - Very Low Impurities

Methane (CH4) Graphene Film Graphite Graphene Inexpensive and Graphene

(Mined) Powder Recycled Carbon Source Powder 22
GRAPHENE IN A FLASH

Life Cycle Analysis – Cradle to Gate, Manufacturing Routes

The Life Cycle analysis for FJH shows a far superior environmental footprint to make graphene: much
less energy, no water, no chemicals
Production of C-feedstock Our feedstocks include:
CB – Carbon Black
ACC – Anthracite Coal Carbon
MC – Metallurgical Coke
Coal, Coke, Plastic/Rubber C GPC – Green Petroleum Coke
CPC – Calcined Petroleum Coke
RTC – Recycled Tire Carbon
RPC – Recycled Plastic Carbon
BCC – Biochar Carbon
SCG – Spent Coffee Grounds

Electrical energy

Dispersion in liquid Surfactant

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Ultrasonic Route Chemical Reduction Route Flash Joule Heating
GRAPHENE IN A FLASH

LCA – Cradle to Gate, Foreground Systems Only*

The Life Cycle analysis for FJH shows a far superior environmental footprint to make graphene: much
less energy, no water, no chemicals
USR: Ultrasonic Route
CRR: Chemical Reduction Route
FJH: Flash Joule Heating

Competitors use
13,000 liters of water
to produce 1 kg of
graphene

13,000
1,100

470 4,800 FJH process

~20 200

FJH FJH
* FJH process via in-house analysis only 24
 GRAPHENE IN A FLASH

Economic Value Proposition of Graphene in Cement & Concrete

Turbostratic Graphene can offer savings to all players in the value chain

FLG = Few Layer Graphene

200 TG = Turbostratic Graphene

Electronics
Batteries &
Capacitors
Graphene 150
3D
Cost (FLG): printing Lubricants
$/kg
Rubber
(1 mt order)
Paints
100
Current FLG price: Too high for cement/concrete

Asphalt
50 Plastics Projected TG price: a good value proposition
Concrete

25 25
GRAPHENE IN A FLASH

Graphene Technical Properties

• Thinnest imaginable material (2D-nanomaterial)
• Strongest material ‘ever measured’ (theoretical limit)
• Stiffest known material (stiffer than diamond)
• Most stretchable crystal (up to 20% elastically)
• Record thermal conductivity (outperforming diamond)
• Largest surface area (~2,700 𝑚^2per gram)
• Transparent at one atom thick
• Highest current density at room temperature (106 times of copper)
• Completely impermeable (even He atoms cannot squeeze through)
• Conducts electricity in the limit of no electrons
• Highest intrinsic mobility (100 times more than in Si)
• Lightest charge carriers (zero rest mass)
• Longest mean free path at room T (micron range)

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Detailed Graphene Applications

The combination of the Flash
Graphene IP, economic value
proposition, and Life Cycle
Analysis enable Universal
Matter to become the
dominant supplier in the
graphene industry

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