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2801-B Broadbent Parkway NE
Albuquerque, NM 87107
(505) 341-0169
(505) 341-1131 fax
www.opticalsurfacetech.com
Who We Are
• Specialists in large optics fabrication, coating
and testing
• Joint-venture between New Mexico Tech
University and MEI Technologies, Inc.
OST Facilities
• 12,000 square foot fabrication facility
• 4,000 square foot coating lab
– Class 10,000 Clean Room
• 2,500 square foot coating facility at Air Force
Research Lab (AFRL at KAFB)
OST Organization
Board of Managers
CEO
President
Production Manager &
Master Optician
Fab Techs (4)
Toolmaker QA Manager / Coating
Coating Tech
Elec. Engineer (P/T)
Office Manager
Fabrication Capabilities
• Edging, coring, drilling, slotting, sawing
• Curve generation up to 3 m diameter
• Lightweighting
• Optical testing
• Grinding and polishing of spherical,
aspherical and flats.
• Surface characterization and documentation
Coating Capabilities
• Cleaning and inspection of large optics
• Reactive DC magnetron sputtering
• Electron beam deposition
• Resistive evaporation
• Macleod thin film design
• Measurement capabilities
• Proprietary process
Coating Properties
• High energy laser coatings from 248 nm to
1570 nm
• IR coatings from 2.5 to 15 microns
• Very low absorption and low scatter
• High damage threshold for enhanced metals
• Enhanced silver UV coatings starting at
350 nm
• Highest damage threshold for magnetron-
sputtered coating in the industry
Research & Development
• Coatings with improved high energy diffraction
grating properties (LLNL)
• 75 cm solar filters (Mt. Stromlo)
• 309 mm x 309 mm SWP filters (Mt. Stromlo)
• New polishing techniques for silicon carbide cylinders
(Trex)
• Development of UV-enhanced metal coatings for
astronomical applications
Partial Customer List
• Boeing
• Discovery Channel Telescope (DCT)
• ITT Industries
• Los Alamos National Laboratory
• Lawrence Livermore National Laboratory
• Mt. Stromlo Observatory (Australia)
• University of Arizona (Lowell Observatory)
• University of Texas (McDonald Observatory)
Current Projects
Magdalena Ridge Observatory (MRO)
• Fabricate and coat 6 sets of 1.4 m primary mirrors plus
secondaries & tertiaries.
• Responsible for interface control documentation (ICD)
and overall program management
Current Projects
Discovery Channel Telescope (DCT)
• Lightweight, fabricate and coat 1.4 m secondary
• Design & build handling and transport system (HATS).
• Design & build permanent transport/storage container
to MIL specs
Current Projects
ITT Industries
• Fabricate & coat five different mirrors (1 16” primary, 2
scanner mirrors, 2 hatch windows)
Summary
• Specialization in manufacturing and coating
large custom optics
• Complete start to finish capabilities
• Highly trained and experienced staff
• Recognized technical ability and knowledge
• Ability to meet demanding specifications
and delivery schedules
40” Test Flat
1m Test Optic and Test
Cell
Strasbaugh Lapping
and Polishing Machines
1.5m Planetary
Polishing Machine
Final Polishing of 1m
Hyperbolic Primary Mirror
32” Nikon Primary for
Japanese Space Agency
51” Primary Mirror
(DFM Engineering)
16" Enhanced Metal Phase Shift Coating
Utilizing DC Magnetron Sputtering
LIDAR Scanner Mirror with Enhanced Ag @ 355 nm
5” x 24” Silicon DC
Magnetron Sputtering Target
21” Silicon Lightweight
Foam (before coating)
Coated Silicon
Lightweight Foam
Current Situation and Outlook
Profit & Loss Summary 2007/2008
% of % of % of % of
$ Sales $ Sales $ Sales $ Sales
Sales 1,340,081 616,970 1,100,000 1,716,970
Cost of Goods Sold 771,405 57.6% 296,544 48.1% 528,710 48.1% 825,254 48.1%
Gross Margin 568,676 42.4% 320,426 51.9% 571,290 51.9% 891,716 51.9%
G & A Expenses
Personnel Expense 326,021 24.3% 197,684 32.0% 190,000 17.3% 387,684 22.6%
Non-Personnel Expenses 611,743 45.6% 274,631 44.5% 270,000 24.5% 544,631 31.7%
Total Expenses 937,764 70.0% 472,315 76.6% 460,000 41.8% 932,315 54.3%
Other Income/Expense
Other Income 85,310 6.4% 22,684 3.7% 10,000 0.9% 32,684 1.9%
Other Expense 38,581 2.9% 16,500 2.7% 18,000 1.6% 34,500 2.0%
Total Other Inc./Exp. 123,891 9.2% 39,184 6.4% 28,000 2.5% 67,184 3.9%
Net Income/(Loss) (492,979) -36.8% (191,073) -31.0% 83,290 7.6% (107,783) -6.3%
Jan-Jun 08 ActualTotal 2007 Jul-Dec 08 Forecast Total 08 Forecast
Partial List of Open Quotes
Total
Value Low High Low High
AMOS (4 lenses) 500,000$ 25% 50% 125,000 250,000
Atlantic Positioning 57,000$ 10% 25% 5,700 14,250
Ball Aerospace 1.2 m FS 250,000$ 20% 50% 50,000 125,000
Ball Aerospace 24" FS wind. 50,000$ 20% 50% 10,000 25,000
Big Crow 36" FS window 122,000$ 20% 50% 24,400 61,000
Big Crow beam expander 75,000$ 20% 50% 15,000 37,500
EMIR 67,500$ 10% 25% 6,750 16,875
L3 SSG 57,000$ 20% 50% 11,400 28,500
ODA (Lev) 100,000$ 10% 20% 10,000 20,000
Redstone Aerospace 82,000$ 20% 50% 16,400 41,000
Tower Optics 132,000$ 20% 20% 26,400 26,400
U. of Texas/AMOS WFC 765,000$ 20% 20% 153,000 153,000
Univ. Corp. for Atmos. Res. 198,000$ 25% 50% 49,500 99,000
Univ. of AZ (HET Coating) 130,000$ 20% 20% 26,000 26,000
Univ. of Hawaii 60,000$ 100% 100% 60,000 60,000
University of Texas 270,000$ 20% 50% 54,000 135,000
US Army / SAD 75,000$ 20% 50% 15,000 37,500
Xinetics 52,500$ 20% 50% 10,500 26,250
All Other (<$50K) 189,780$ 20% 50% 37,956 94,890
Total 3,232,780$ 707,006$ 1,277,165$
Probability Rating Potential Sales
Cash-Flow Forecast through Y/E
Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08
MIDPOINT FORECAST
Cash-In From Existing Orders 149,500 192,270 157,100 128,000 141,100 64,000
Add: Cash from Forecast Sales 39,879 43,688 66,763 52,074 76,849 34,672
Add: High-Wage Tax Cr. - - - - - -
Add: MEI Contributions - - - - - -
Total Cash In (Curr. Mo.) 189,379 235,958 223,863 180,074 217,949 98,672
Cash Bal. Fw d. (Prev. Mo.) 200 (100,000) 53,958 156,621 202,996 296,745
Cash Available for Month 189,579 135,958 277,821 336,696 420,945 395,417
Cash Out (187,400) (82,000) (121,200) (133,700) (124,200) (157,700)
Ending Balance (100,000) 53,958 156,621 202,996 296,745 237,717
OPTIMISTIC FORECAST
Cash-In From Existing Orders 149,500 192,270 157,100 128,000 141,100 64,000
Add: Cash from Forecast Sales 53,920 59,240 95,358 74,078 111,895 48,860
Add: High-Wage Tax Cr. - - - - - -
Add: UK Duty Refund - - - - - -
Total Cash In 203,420 251,510 252,458 202,078 252,995 112,860
Cash Bal. Fw d. (Prev. Mo.) 200 (100,000) 69,510 200,768 269,145 397,940
Cash Available for Month 203,620 151,510 321,968 402,845 522,140 510,800
Cash Out (187,400) (82,000) (121,200) (133,700) (124,200) (157,700)
Ending Balance (100,000) 69,510 200,768 269,145 397,940 353,100
Current Jobs in Production
Total Amt. Balance
Customer Description Value Paid Due
Atech/(Lasche)' Strip/coat 11 Zerodur mirrors14,580 14,580
Atlantic Positioning 49,800 30,280 19,520
Big Crow 2 - 38" Acrylic windows 27,600 27,600 -
Discovery Channel L/W & generate M2, crate, lift284,000 142,000 142,000
EOS 3,800 3,800
EOS 7,200 7,200
Infinite Optics Grind/polish camera glass 10,500 10,500
ITT Industries 5 total mirrors/windows 57,600 57,600
KLA-Tencor Clean/coat 2 stages 19,750 - 19,750
LLNL 14,850 14,850 -
Marvelink/Sub1 Re-make 5 Sub1 Optics plates44,400 39,930 4,470
MRO 6 - 56" primaries + sec.+tert.2,750,000 1,172,500 1,577,500
MRO Coating job 29,000 7,250 21,750
Mt. Stromlo Observ. R & I filters 24,000 6,000 18,000
Mt. Stromlo Observ. 10,000 10,000 -
Mt. Stromlo Observ. 10,000 2,500 7,500
ODA (Lev) 17,600 17,600 -
TMT Zerodur witness samples 5,800 5,800 -
3,381,200 1,477,030 1,904,170
Total without MRO 631,200 304,530 326,670

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Ost corp present mei

  • 1. 2801-B Broadbent Parkway NE Albuquerque, NM 87107 (505) 341-0169 (505) 341-1131 fax www.opticalsurfacetech.com
  • 2. Who We Are • Specialists in large optics fabrication, coating and testing • Joint-venture between New Mexico Tech University and MEI Technologies, Inc.
  • 3. OST Facilities • 12,000 square foot fabrication facility • 4,000 square foot coating lab – Class 10,000 Clean Room • 2,500 square foot coating facility at Air Force Research Lab (AFRL at KAFB)
  • 4. OST Organization Board of Managers CEO President Production Manager & Master Optician Fab Techs (4) Toolmaker QA Manager / Coating Coating Tech Elec. Engineer (P/T) Office Manager
  • 5. Fabrication Capabilities • Edging, coring, drilling, slotting, sawing • Curve generation up to 3 m diameter • Lightweighting • Optical testing • Grinding and polishing of spherical, aspherical and flats. • Surface characterization and documentation
  • 6. Coating Capabilities • Cleaning and inspection of large optics • Reactive DC magnetron sputtering • Electron beam deposition • Resistive evaporation • Macleod thin film design • Measurement capabilities • Proprietary process
  • 7. Coating Properties • High energy laser coatings from 248 nm to 1570 nm • IR coatings from 2.5 to 15 microns • Very low absorption and low scatter • High damage threshold for enhanced metals • Enhanced silver UV coatings starting at 350 nm • Highest damage threshold for magnetron- sputtered coating in the industry
  • 8. Research & Development • Coatings with improved high energy diffraction grating properties (LLNL) • 75 cm solar filters (Mt. Stromlo) • 309 mm x 309 mm SWP filters (Mt. Stromlo) • New polishing techniques for silicon carbide cylinders (Trex) • Development of UV-enhanced metal coatings for astronomical applications
  • 9. Partial Customer List • Boeing • Discovery Channel Telescope (DCT) • ITT Industries • Los Alamos National Laboratory • Lawrence Livermore National Laboratory • Mt. Stromlo Observatory (Australia) • University of Arizona (Lowell Observatory) • University of Texas (McDonald Observatory)
  • 10. Current Projects Magdalena Ridge Observatory (MRO) • Fabricate and coat 6 sets of 1.4 m primary mirrors plus secondaries & tertiaries. • Responsible for interface control documentation (ICD) and overall program management
  • 11. Current Projects Discovery Channel Telescope (DCT) • Lightweight, fabricate and coat 1.4 m secondary • Design & build handling and transport system (HATS). • Design & build permanent transport/storage container to MIL specs
  • 12. Current Projects ITT Industries • Fabricate & coat five different mirrors (1 16” primary, 2 scanner mirrors, 2 hatch windows)
  • 13. Summary • Specialization in manufacturing and coating large custom optics • Complete start to finish capabilities • Highly trained and experienced staff • Recognized technical ability and knowledge • Ability to meet demanding specifications and delivery schedules
  • 15. 1m Test Optic and Test Cell
  • 18. Final Polishing of 1m Hyperbolic Primary Mirror
  • 19. 32” Nikon Primary for Japanese Space Agency
  • 21. 16" Enhanced Metal Phase Shift Coating Utilizing DC Magnetron Sputtering
  • 22. LIDAR Scanner Mirror with Enhanced Ag @ 355 nm
  • 23. 5” x 24” Silicon DC Magnetron Sputtering Target
  • 24. 21” Silicon Lightweight Foam (before coating)
  • 27. Profit & Loss Summary 2007/2008 % of % of % of % of $ Sales $ Sales $ Sales $ Sales Sales 1,340,081 616,970 1,100,000 1,716,970 Cost of Goods Sold 771,405 57.6% 296,544 48.1% 528,710 48.1% 825,254 48.1% Gross Margin 568,676 42.4% 320,426 51.9% 571,290 51.9% 891,716 51.9% G & A Expenses Personnel Expense 326,021 24.3% 197,684 32.0% 190,000 17.3% 387,684 22.6% Non-Personnel Expenses 611,743 45.6% 274,631 44.5% 270,000 24.5% 544,631 31.7% Total Expenses 937,764 70.0% 472,315 76.6% 460,000 41.8% 932,315 54.3% Other Income/Expense Other Income 85,310 6.4% 22,684 3.7% 10,000 0.9% 32,684 1.9% Other Expense 38,581 2.9% 16,500 2.7% 18,000 1.6% 34,500 2.0% Total Other Inc./Exp. 123,891 9.2% 39,184 6.4% 28,000 2.5% 67,184 3.9% Net Income/(Loss) (492,979) -36.8% (191,073) -31.0% 83,290 7.6% (107,783) -6.3% Jan-Jun 08 ActualTotal 2007 Jul-Dec 08 Forecast Total 08 Forecast
  • 28. Partial List of Open Quotes Total Value Low High Low High AMOS (4 lenses) 500,000$ 25% 50% 125,000 250,000 Atlantic Positioning 57,000$ 10% 25% 5,700 14,250 Ball Aerospace 1.2 m FS 250,000$ 20% 50% 50,000 125,000 Ball Aerospace 24" FS wind. 50,000$ 20% 50% 10,000 25,000 Big Crow 36" FS window 122,000$ 20% 50% 24,400 61,000 Big Crow beam expander 75,000$ 20% 50% 15,000 37,500 EMIR 67,500$ 10% 25% 6,750 16,875 L3 SSG 57,000$ 20% 50% 11,400 28,500 ODA (Lev) 100,000$ 10% 20% 10,000 20,000 Redstone Aerospace 82,000$ 20% 50% 16,400 41,000 Tower Optics 132,000$ 20% 20% 26,400 26,400 U. of Texas/AMOS WFC 765,000$ 20% 20% 153,000 153,000 Univ. Corp. for Atmos. Res. 198,000$ 25% 50% 49,500 99,000 Univ. of AZ (HET Coating) 130,000$ 20% 20% 26,000 26,000 Univ. of Hawaii 60,000$ 100% 100% 60,000 60,000 University of Texas 270,000$ 20% 50% 54,000 135,000 US Army / SAD 75,000$ 20% 50% 15,000 37,500 Xinetics 52,500$ 20% 50% 10,500 26,250 All Other (<$50K) 189,780$ 20% 50% 37,956 94,890 Total 3,232,780$ 707,006$ 1,277,165$ Probability Rating Potential Sales
  • 29. Cash-Flow Forecast through Y/E Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 MIDPOINT FORECAST Cash-In From Existing Orders 149,500 192,270 157,100 128,000 141,100 64,000 Add: Cash from Forecast Sales 39,879 43,688 66,763 52,074 76,849 34,672 Add: High-Wage Tax Cr. - - - - - - Add: MEI Contributions - - - - - - Total Cash In (Curr. Mo.) 189,379 235,958 223,863 180,074 217,949 98,672 Cash Bal. Fw d. (Prev. Mo.) 200 (100,000) 53,958 156,621 202,996 296,745 Cash Available for Month 189,579 135,958 277,821 336,696 420,945 395,417 Cash Out (187,400) (82,000) (121,200) (133,700) (124,200) (157,700) Ending Balance (100,000) 53,958 156,621 202,996 296,745 237,717 OPTIMISTIC FORECAST Cash-In From Existing Orders 149,500 192,270 157,100 128,000 141,100 64,000 Add: Cash from Forecast Sales 53,920 59,240 95,358 74,078 111,895 48,860 Add: High-Wage Tax Cr. - - - - - - Add: UK Duty Refund - - - - - - Total Cash In 203,420 251,510 252,458 202,078 252,995 112,860 Cash Bal. Fw d. (Prev. Mo.) 200 (100,000) 69,510 200,768 269,145 397,940 Cash Available for Month 203,620 151,510 321,968 402,845 522,140 510,800 Cash Out (187,400) (82,000) (121,200) (133,700) (124,200) (157,700) Ending Balance (100,000) 69,510 200,768 269,145 397,940 353,100
  • 30. Current Jobs in Production Total Amt. Balance Customer Description Value Paid Due Atech/(Lasche)' Strip/coat 11 Zerodur mirrors14,580 14,580 Atlantic Positioning 49,800 30,280 19,520 Big Crow 2 - 38" Acrylic windows 27,600 27,600 - Discovery Channel L/W & generate M2, crate, lift284,000 142,000 142,000 EOS 3,800 3,800 EOS 7,200 7,200 Infinite Optics Grind/polish camera glass 10,500 10,500 ITT Industries 5 total mirrors/windows 57,600 57,600 KLA-Tencor Clean/coat 2 stages 19,750 - 19,750 LLNL 14,850 14,850 - Marvelink/Sub1 Re-make 5 Sub1 Optics plates44,400 39,930 4,470 MRO 6 - 56" primaries + sec.+tert.2,750,000 1,172,500 1,577,500 MRO Coating job 29,000 7,250 21,750 Mt. Stromlo Observ. R & I filters 24,000 6,000 18,000 Mt. Stromlo Observ. 10,000 10,000 - Mt. Stromlo Observ. 10,000 2,500 7,500 ODA (Lev) 17,600 17,600 - TMT Zerodur witness samples 5,800 5,800 - 3,381,200 1,477,030 1,904,170 Total without MRO 631,200 304,530 326,670
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