Industrial Origami, Inc. August 28, 2009
INDUSTRIAL ORIGAMI, INC. Industrial Origami®, Inc. (www.industrialorigami.com), a privately held company based in San Francisco, develops and markets a suite of innovative material forming technologies used by leading manufacturers of consumer and industrial products. Compared with traditional manufacturing methods, our patented technologies: • Enable game-changing product innovations • Dramatically reduce manufacturing costs by 20% to 70% • Are naturally green without requiring massive new capital investments Industrial Origami licenses its technologies to leading manufacturers including Whirlpool and Eaton Electric. We are focused on several verticals including electrical enclosures, appliances, automotive and HVAC equipment. We have over 350 international patents or patent applications on our technology in more than 25 countries (including over 65 in the United States). THE BUSINESS MODEL Our revenue model is based on licensing our technology to leading high-volume manufacturers on a per-unit royalty basis. Customers, license fees as a proportion of cost savings realized on each commercially produced unit incorporating our technology. Our revenue model encourages initial adoption with a low entry barrier for new customers, and assures scalable recurring revenue as customers expand production. A portion of our revenues is also derived from professional services to accelerate deployment of our technology.
Figure 1-Typical Reference Market Products.
Traditional forming and assembly technologies often are: • Complex and inflexible • Labor intensive and require skilled labor • Use rigid and expensive tooling • Involve significant shipping and storage costs Industrial Origami’s patented sheet metal design and manufacturing solutions enable manufacturers to grapple with these challenges by delivering a manufacturing approach which dramatically reduces costs, provides greater flexibility for product innovation and enables energy and materials conservation. THE INDUSTRIAL ORIGAMI TECHNOLOGY Manufacturers use Industrial Origami’s patented fold technology to embed accurate and consistent “lance” or “smile” patterns and closure methods into sheet material.
THE MARKET OPPORTUNITY Manufacturers of metal products and components (a multi-billion dollar global industry) face fundamental challenges. Competitive pressures force manufacturers to seek ways to make their operations simpler and more flexible, allow shorter production runs with greater product variation, while getting products to market faster. Manufacturers also actively seek ways to move to leaner and more environmentally friendly manufacturing techniques. Conventional manufacturing methods have enormous difficulty addressing these challenges while also constantly reducing costs.
Figure 2- Industrial Origami Features
This allows the metal to then be folded into 3D objects with low force and very high accuracy. Our technology allows products to be formed with: • Significantly reduced part count and assembly steps
• Strong, accurate, self-locating embedded fastening methods reducing welding and additional fasteners • Outstanding strength and rigidity while reducing material use • Exceptional precision, consistency and repeatability • Reduced materials, labor and energy requirements
VALUE PROPOSITION Leveraging existing capital equipment and CAD, manufacturers are able to create new products with:
Figure 5- Typical Soft Tooling Process Equipment (Trumpf GmbH.)
Figure 3- Sample Structural Application
COMPLETE MANUFACTURING SOLUTION Manufacturers integrate the Industrial Origami technology with minimal setup costs. Our productionready solutions leverage existing capital equipment and Computer Aided Design (CAD) tools so our customers rapidly realize significant benefits with minimal capital expenditures.
• Innovative shapes and designs • Lighter and less material with equivalent structural strength • New structural approaches • Greater consistency, precision and quality • Reduced skilled labor requirements allowing local assembly in new markets • Reduced development cycles • Enabling shorter production runs = greater product customization COST SAVINGS
Figure 4- CATIA V5 Product Design
Manufacturers use our integrated solutions to move all the way from concept to commercial production. Our product suite allows them to: • Develop product designs integrating our technology • Prototype parts and assemblies using laser solutions. • Run pilot production tests and use results to refine product designs • Seamlessly move from prototype to volume commercial production.
US & Foreign Patents and Patents Pending. Company Confidential and Proprietary
Our technology allows manufacturers to achieve cost savings of 20% to 70% by: • Reducing part count and Bill of Materials (BOM) • Reducing joining and fastening operations • Simplifying assembly and reducing labor requirements • Allowing final assembly at a different location from fabrication • Significantly reducing tooling investment • Streamlining logistics (shipping) • Reducing Work-in-Progress (WIP) and less production floor space • Significantly lower cost to obtain accuracy, consistency and repeatability SUSTAINABLE TECHNOLOGY By substantially reducing the complexity of traditional manufacturing processes, Industrial Origami’s solutions deliver significant environmental benefits: • Less raw material usage • Reduced consumables and toxins from processes such as welding MANUFACTURING SIMPLIFIED – PRECISELY
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• Reduced energy consumption in assembly and fabrication • Less waste with higher precision and consistency • Reduced transport costs by shipping in the “flat” • Reduced end of life cost AUTOMOTIVE PROJECTS
ADVANCED
DEVELOPMENT
Next Generation Vehicle Structures In 2005 Industrial Origami initiated the development of solutions intended for the transportation and automobile industry. The successful completion of multiple Technology Demonstrator projects together with large OEM’s such as BMW, demonstrated the potential benefits of adopting the technology across a number of areas in the vehicle. More significantly, the exercises offered an opportunity to evaluate the spectrum in which the technology can be applied across the product development process in order to maximize the impact. The culmination of this activity led to the development of the 2006 Mille Miglia Concept Coupe, for the BMW Group.
other. While doing so, they achieved a result that is unique in automobile construction and loaded with incredible effects. Especially conspicuous: the implementation of V2a stainless-steel processing in the cockpit and the centre console area. More than just the purist unpretentious material itself, that kind of shaping sets a fascinating accent.
Figure 7- MM06 IOI Interior
The metal sheets, rolled to a thickness of only one millimetre, are multi-folded to take up the final surface structure of the respective component. Beforehand, the metal sheets are given a precisely cut fold on the intended edges. This is carried out using a laser technology developed especially for this purpose. This facilitates extremely exact remodelling, which leads to exceptional stability of the completed component on top of that.
Figure 6- MM06 Concept Coupe (BMW Group)
This concept vehicle experimented with the application of Industrial Origami technology by creating a new interior cockpit assembly manufactured without any tooling, by using CNC laser and punch machines. This feasibility study targeted the instrument panel (IP) subassembly structure for cost savings and vehicle platform derivative development flexibility. In the process 3D aesthetic metal surfaces were developed from a 2D metal skin surface. FOLDING TECHNOLOGY CREATES FORMS; GAPS TAKE ON FUNCTIONS. While designing the interior elements, the designers combined the use of traditional materials and the application of innovative processing methods with each US & Foreign Patents and Patents Pending. Company Confidential and Proprietary
Figure 8- IOI Interior Concept Assembly
Everywhere where two metal components meet, they are clamped together absolutely flush using laser cut castellation. Gaps are only present where they could and above all should take on a function at the same time; for instance, the transition between the dashboard support and the centre console is used as additional storage space. That transforms the gap from an undesirable MANUFACTURING SIMPLIFIED – PRECISELY
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side effect accruing when two components are connected into a consciously inserted design element. That is another way in which the interior of the BMW Concept Coupé opens up entirely new perspectives in automobile engineering. CURRENT STATE OF TECHNOLOGY Current high volume automotive chasses can achieve low per unit cost targets, but are complex structures which are difficult to design, material intensive, complex to assemble, require significant investment ($100’s of millions) to manufacture (often multiple cars will share platforms to amortize costs), take years to get to market, and are not very light-weight or very fuel efficient. Advanced aluminum space frame chasses such as used by Audi, can achieve competitive stiffness to weight ratios with lower capital investment. However, they are very expensive to produce, which results in their use only in very low volume high-end vehicles. The Audi R8, built with extruded aluminum, has excellent weight and fuel efficiency.
Figure 10- Industrial Origami Advanced Vehicle Platform.
• “Bill of Materials.” Dramatic reduction in part count with attendant reduction in joining; typically a 5 to 1 reduction.
Figure 9- Traditional Space-frame Structure (AUDI AG)
However, its high capital investment made the car so expensive for consumers, that this significantly reduced consumer demand. For new market entrants such as a Tesla or a Fisker, the choice is to re-use existing chassis components (Lotus), or follow the existing low volume high-end vehicle solution. THE INDUSTRIAL ORIGAMI SOLUTION Industrial Origami has developed advanced patented sheet material manufacturing technologies that enable low cost commercial production of light-weight fuel efficient vehicle chasses using less material, simplified assembly processes, significantly reduced capital investment in a much shorter product development cycle. This is done by: US & Foreign Patents and Patents Pending. Company Confidential and Proprietary
• Lower Cost Components. Use of simpler, lower cost sheet steel or aluminum components compared with complex welded extruded and aluminum components. • Capital Investment. Significantly reduced capital investment in stamping equipment; up to 40%. • Environmentally Friendly. Reduced material use, less waste, reduced consumables and less energy. • Faster. Enabling rapid prototyping, much faster product development, and shorter time to market. • Bringing Jobs Back to the US. Enabling manufacturing in the US which is cost competitive with China and other low cost manufacturing centers.
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Figure 11- AVP Mark I Design Industrial Origami has taken the technology demonstrator all the way to a prototype stage to perform durability and crash safety evaluations and optimize performance and weight savings.
Figure 12-AVP Mark I Test Mule
Industrial Origami Transportation is collaborating closely with OEM’s and partners to develop the technology in several vehicle applications, including instrument panel cross-members, vehicle sub-assemblies and complete chassis solutions. In particular Industrial Origami is promoting ways to reduce the capital investment associated with the development of alternative transportation vehicles and future EV platforms. In combination with investment and cost reductions Industrial Origami technology can also provide weight reduction and performance (control crash behavior, stiffness) improvements. The team has also worked on advanced vehicle design projects to demonstrate this potential such as the Art Center Model-T program.
US & Foreign Patents and Patents Pending. Company Confidential and Proprietary
Figure 13-Model T Advanced Design Concept.
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THE TEAM Industrial Origami has built a management team with a proven track record of creating profitable growth opportunities by delivering innovations that produce economic value for customers and investors. Team members include: – Gerry Corrigan, CEO: Over 20 years experience in building corporate value through innovative business models and partnerships. (PPG Industries). – Philip Lavee, SVP Sales and Product Management: Over 20 years of sales experience with new technologies (Pictos/Zing, Mobilygen, Scitex) – Mario Greco, VP Advanced Development: Over 10 years of experience in advanced automotive development (BMW, Porsche, Alcoa) – Zach Koekemoer, CFO: 10+ years experience in accounting and finance at PriceWaterhouse Coopers and Artisan CONTACT
US & Foreign Patents and Patents Pending. Company Confidential and Proprietary
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