The centimeter band frequency

synthesizer

Сonsumer issues

•The high level of phase noise

•Insufficient dynamic range of side spectral

components

•The impressive (in some cases) dimensions

•Inability to work in subzero temperatures and high

humidity

•Low speed switching frequencies

Product as a solution

The frequency synthesizer is designed for:

testing of a wide class of electronic

equipment, having been demanding to high input

signal amplitude;

for use in the radar systems as a source of

heterodyne and carrier frequency.

Frequency Synthesizer (FS) - a source of precision

frequencies and signals with programmable

amplitude, frequency, and phase through standard

digital interfaces.

The centimeter bandfrequency synthesizer FS-010-P

Optimization and modernization

The use of a synthesizer

as the source will

significantly reduce the

amount of radar equipment

In dozens of times

reduce the weight of the

transmission system

radar

Radiolocation

The use of frequency synthesizer in

radio measuring equipment may

result in partial or complete renewal

of the sources of signal have been

produced in Russia for the past 40

years.

Optimization and modernization

Radio measurement equipment

1. Radiolocation - as part of a

transceiver systems.

2. Radio measuring equipment -

consisting of signal

generators, spectrum analyzers

and frequency counters.

3. A communications system - as a

source of stable frequencies and

signals.

Market

Market

Size of the market = 6,38 Bln. RUB

Market volume = 21,25 Bln. RUB

Russian state defense orders in the interest of

national armed forces, Bln. RUB

R&D

New purchases of arms and military equipment (AME)

Repair and modernization of AME

Currently, research and development in the field of

frequency synthesis has been a number of research

groups, both domestic and foreign companies, the

most famous of which are:

a. Ltd. "Radiocomp", Moscow

(http://www.radiocomp.ru/joom/index.php/ru/);

b. Ltd. "Micran", Tomsk (http://www.micran.ru/);

c. ZAO PF "ELVIRA" Zheleznodorozhni, Moscow

region (http://elvira.ru/);

d. Holzworth Instrumentation, Boulder, Colorado

(http://www.holzworth.com/);

e. Phase Matrix, ltd., San Jose, CA

(http://www.phasematrix.com).

Description of competitors

Description of competitors

Frequency Synthesizer

FSW-0010, Phase Matrix

(USA)

Frequency Synthesizer

HSM6001A , Holzworth

Instruments (USA)

Description of competitors

№ Name of parameter FS-010-PR&S®SG

S100A

N5181A-

506HSM6001A FSW-0010

1 Response time in ms 0,001 0,5 1,15 0,3 0,1

2 Frequency resolution, mHz 0,1 1 10 1 1

3 Phase noise at a frequency of

10 GHz at 10 kHz offset, dBc /

Hz

-130 -106 -104 -112 -122

4 Harmonics, dBс -60 -30 -30 -40 -45

5Nonharmonics, dBс -80 -58 -40 -60 -75

6 Mass, kg 0,5 4,0 12,5 0,5 1,13

7 Market price, Ths. rub. 250 460 350 350 325

Thus, we have 6 competitive advantages, that can

provide the leading position in the market and the

price and quality.

Signal generators in the range up to 10 GHz

The structure of the business model

Ltd. "SINTEZATOR-NN":

research, development, mar

keting, sales

Third parties:

supply of materials and

components

Third parties:

manufacture and

assembly of printed circuit

boards

Third parties:

legal services, sales

through distributor

AUTHOR OF

PROJECT

Economic indicators

Profits and losses

Indicator, Ths. rub. 2013 2014 2015 2016 2017Total for

5 years

Total revenues 0 5 200 75 900 148 750 216 400 446 250

Total costs 4 377 6 945 31 729 52 665 73 977 169 694

Gross profit -4 377 -1 745 44 171 96 085 142 423 276 556

Amortization 0 0 370 370 370 1 110

Profit before taxes (EBITDA) -4377 -1745 43801 95715 142053 275 446

Profit tax 0 0 6 570 14 357 21 308 42 235

Net profit, Ths. rub. -4 377 -1 745 37 601 81 727 121 115 234 321

Profitability of business,% 49,54 54,94 55,97 52,51

Economic indicators

-50,000

0

50,000

100,000

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2013 год 2014 год 2015 год 2016 год 2017 год

The financial result, Ths. rub.

Total revenues Profit before taxes (EBITDA)

Economic indicators

-50,000

0

50,000

100,000

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Сумма на расчётном счёте, тыс.руб.

Кумулятивная чистая прибыль (убытки), тыс.руб.

Amount on the current account, Ths. rub.

Сumulative net income, Ths. rub.

Current Status•Stage Project: Start-up

•

•Start of the project - 2nd

quarter 2013

•The current stage -

Availability of prototypes in

different frequency areas

•2 Russian patents for an

invention

•The immediate aim - to find

an investor to enter the

market of space

technologies

•Lacking resources - no

available

•money to complete the

project

Risks

№ Types of risk Ways to avoid the risk

1 Incorrectly selected amount of

funding

Gradual investing in several tranches

2 Lack of quality products planned

due to errors in the design

Tight control of execution

3 The possibility of marriage in the

components of the product

Control of production

4 Strengthening the position of

competitors

Enter of policy of systemic innovations

5 Barriers entry to the market Find a strong partner

Financial indicators

Key Financial Indicators 2013 2014 2015 2016 2017

Revenue from sales, Ths. rub. 0 5 200 75 900 148 750 216 400

Costs, Ths. rub. 4 377 6 945 31 729 52 665 73 977

EBITDA, Ths. rub. -4 377 -1 745 43 801 95 715 142 053

Net profit, Ths. rub. -4 377 -1 745 37 601 81 727 121 115

Discount rate 34,20% 34,20%

NPV, Ths. rub. 3 126 56 142

IRR, % 46% 113%

Cost of the company, Ths. rub. 68 337 143 242

Cost of share of the investor, Ths. rub. 30 752 64 459

Return on equity (ROE), % -53,38 -21,29 458,55 996,67 1 477,01

PI (profitability index) 2,83 2,79 3,75 5,13 7,86

Payback period 2 years 4 months

The annual rate of return for the investor,% 137,22

Financial indicators

51,537 50,885

68,337

93,532

143,242

23,191 22,89830,752

42,090

64,459

0

20,000

40,000

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80,000

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140,000

160,000

2013 год 2014 год 2015 год 2016 год 2017 год

Valuation of the company

Value of the company after the investment Cost of share of the investor

Offer to investor

INVESTMENT PLAN

Costs Ths. rub.

Development of a prototype (9 months) 3000

Market testing (3 months) 1800

Modernization of the prototype (7 months) 1900

Enter the market (6 months). 1500

TOTAL: 8200

Financial performance of investment in 5 years:

NPV= 56,1 Million. RUB. IRR = 113% DPP = 2 years 4 months

Break-even point = 1 years 9 months. The investor's share - 45%.

The annual rate of return for the investor - 137 %

"Exit" investor of the project - the sale of shares to a strategic investor

(JSC "RTI Systems")

Contacts