The Acquisition of Shares of Persimmon Technologies Corporation and Subsequent Subsidiarization

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Randell Wells
6 years ago
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2 Profile of Persimmon Technologies Corporation Company Profile < 社名 > Persimmon Technologies Corporation < 所在地 > 国 Massachusetts 州 Wakefield 市 < 代表者 > Michael Representative W Pippins (President (President & CEO) & CEO) < 設 Name Address Name of > Date of Establishment 2010 年 7 < 員 > Number of Employees 29 名 (16/12E 時点 ) < 資本 > 28,629 千 US ドル Persimmon Technologies Corporation Wakefield, Massachusetts, USA Michael W Pippins July, (as of December 31, 2016) Capital USD 28,629,000 History of Establishment Persimmon Technologies in a start-up company that Mr. Michael Pippins, a former head of vacuum robotics for a major global corporation, established. In addition to Mr. Martin Hosek, the Chief Technology Officer (and previously the Head of Research and Development of the vacuum robotics division at the same company as Mr. Pippins), approximately two-thirds of the engineers from the previous company moved over to Persimmon. Business Operations Manufacturer and distributor of vacuum robotics and other related products Customers: Semiconductor and electronic component production equipment manufacturers Products: Basic development (design) and quality testing is completed. Product has already been launched into the market. Copyright Sumitomo Heavy Industries, Ltd. All Right Reserved. 1

Vacuum Robotics and the Market What is Vacuum Robotics? A highly clean and reliable material handling robot that is used in the wafer handling process of semiconductor production.

3 Vacuum Robotics and the Market What is Vacuum Robotics? A highly clean and reliable material handling robot that is used in the wafer handling process of semiconductor production. The Vacuum Robotics Market The Vacuum Robotics Market Targeting the Semiconductor and FPD Fields USD 300 mil. The demand for in-vacuum chamber production is trending upwards due to advancements in miniaturization and the use of 3-D design. Features of Persimmonʼs Vacuum Robotics Through the companyʼs own unique high-rigidity design, the product structure is both simple and lightweight. Contamination-less Highly precise High level of reliability Currently, 80% of the market share of vacuum robotics is taken up by in-house customer manufacturing of such devices and one other competitor. Persimmonʼs products and technologies SHIʼs existing customer relationships Achieve business expansion in this field Copyright Sumitomo Heavy Industries, Ltd. All Right Reserved. 2

4 Profile of Vacuum Process Equipment and Purpose of Acquisition It is necessary to add peripheral devices to the product line-up in order to expand sales of cryopumps. Other Vacuum gauge GAS Carrier System FMC Plasma Generator RF Generator Load Lock Chamber Transfer Chamber Transfer Valve Process Chamber RGA Cryopump or TMP Transfer Robot Cryopump or TMP Isolation Valve SHI Dry Pump Persimmon Copyright Sumitomo Heavy Industries, Ltd. All Right Reserved. 3

Sales Projections Sales Sales are projected to increase in the second half of FY2017 as repeat purchases from existing customers become more active.

USD million 30 25 20 15 10 Sales Plan of Vacuum Robotics Orders have increased rapidly from 3Q FY2016 onwards. Sales Scenario 1.

5 Sales Projections Sales Sales are projected to increase in the second half of FY2017 as repeat purchases from existing customers become more active. Profitability From 4Q of FY2017, the business will generate a profit. Projected to maintain profitability for the whole of FY2018. USD million Sales Plan of Vacuum Robotics Orders have increased rapidly from 3Q FY2016 onwards. Sales Scenario 1. Bring in the share of the market that is currently held by in-house customer production in order to stabilize the financial condition of such customers. 2. Increase order levels of Asian manufacturers 5 0 FY2016 FY2017 FY2018 FY2019 record Forecast Copyright Sumitomo Heavy Industries, Ltd. All Right Reserved. 5

Synergy with SHI group In addition to vacuum robot

motor technology All electric injection molding

System Applications in Robotics Gear Reducer and Motor

of Automotive field Motion Control Drive For

6 Synergy with SHI group In addition to vacuum robot technology, Persimmon also possess next-generation motor technology All electric injection molding machine Vacuum robot Technology Ion Implantation System Applications in Robotics Gear Reducer and Motor Next-generation Motor Technology Consider Applications of Automotive field Motion Control Drive For industrial Robotics Copyright Sumitomo Heavy Industries, Ltd. All Right Reserved. 6

7 Business Operations Planning to dispatch SHI management personnel to Persimmon Provide full sales support through local US SHI company Joint technology development with SHI s R&D center Copyright Sumitomo Heavy Industries, Ltd. All Right Reserved. 7

Global and China Injection Molding Machine Industry Report, Jul. 2012

Global and China Injection Molding Machine Industry Report, 2011-2012 Jul. 2012 STUDY GOAL AND OBJECTIVES This report provides the industry executives with strategically significant competitor information,