management team dr stephen edwards: commercial and managing director phd industrial biotechnology,...

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 DirectorMBA 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 Addition Biocide Addition

Market Opportunity

£1.9 Billion p.a £475 Million p.a

Where We Have Come From?

2008 2009 2010 2011 2012 2013 2013

Investment Pitch2/12/2013

Formation of Spin Out Company - Phage Off1/4/2013

EPSRC Advanced Research Fellowship 1/9/2008

1/3/2013 - 1/3/2013International Patents Filed in Target Nations

1/5/2013 - 1/5/2013 UK IP Granted

1/11/2010 - 1/11/2010 UK Priority Applications

16/9/2013 - 16/9/2013IP License and Research Concordat Agreed with University

1/9/2011 - 1/9/2012 Phage Application Experiment

1/9/2009 - 1/9/2011 Development of Lab Scale Culture Techniques

1/9/2008 - 1/9/2010 Identification and Isolation of Major MIC causing Bacteria and Associated Phages

Business Strategy: Years 1 - 3

2013 2014 2015 2016 2017 2017

End of Year 3 1/1/2017

End of Year 21/1/2016

End of Year 11/1/2015

Investment Pitch2/12/2013

Formation of Spin Out Company - Phage Off1/4/2013

1/1/2014 - 1/1/2017 Continued R & D

1/1/2016 - 1/1/2017Identify Potential Licensees/ Building Market Presence

1/7/2014 - 1/7/2016 Scale Up of Phage Application

1/7/2014 - 1/3/2017 Production of Phage Culture

1/1/2014 - 1/7/2014 Scale Up of Phage Culturing Techniques

Intellectual Property

2010 2011 2012 2013 2014 2015 2016 2017 2017

End of Year 3 1/1/2017

End of Year 21/1/2016

End of Year 11/1/2015

Investment Pitch2/12/2013

Formation of Spin Out Company - Phage Off1/4/2013

1/12/2014 - 1/11/2016 Patents Granted in Target Nations

1/3/2013 - 1/3/2013 International Patents Filed in Target Nations

1/9/2011 - 1/9/2011 International PCT Applications

1/5/2013 - 1/5/2013 UK IP Granted

1/11/2010 - 1/11/2010 UK Priority Applications

Expenditure: Years 1 - 3

Projected Income: Years 4 - 10

Growth and Future Markets

GasOil

Wastewater

Drinking water

Thank You