CONFIDENTIALITY
This Investor Presentation contains certain proprietary and confidential information (the “Information”) regarding Millisecond Technologies Corp., a
Delaware corporation (the “Company”). The information is intended solely for the evaluation of a possible investment in the Company by those to
whom it has been transmitted (the “Recipients”). The receipt of this Investor Presentation is an acknowledgment and agreement by the Recipients that
the information will be maintained in strict confidence and will not be disclosed by the Recipients to any third party without the express written
consent of the Company. The information may only be disclosed to colleagues, advisors or employees of the Recipients who need to know such
information to evaluate the potential investment in the Company. This Investor Presentation does not purport to be all-inclusive or to contain all the
information that a party interested in an investment in the Company may desire to investigate the Company’s business. No copies of the Investor
Presentation may be made unless approved in writing by the Company.
FORWARD LOOKING STATEMENTS
The statements in this Investor Presentation that relate to the business outlook and future performance of the Company, the development and
commercialization of the Company’s pasteurization technology and systems and any expectations in connection with any future event, condition,
performance or other matter are “forward-looking” statements and are made pursuant to the “Safe Harbor” provisions of the Securities Litigation
Reform Act of 1995. Such forward-looking statements also include statements regarding, among other things:
The Company’s ability to start and sustain the intended business of the Company;
The market for the Company anticipated products;
The Company’s plans for obtaining regulatory clearances;
The Company’s sales and marketing plans;
The Company’s ability to attract and retain key members of its management team;
The Company’s ability to undertake or complete research and development;
The Company’s ability to exploit and defend its intellectual property rights;
The safety and effectiveness of the Company’s anticipated products and the Company’s technology;
The Company’s anticipated needs for working capital; and
The Company’s competition existing today or that will likely arise in the future.
Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the
words “may,” “should,” “would,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “seek,” or “project” or the negative of these words or
other variations on these words or comparable terminology. Actual results, performance, liquidity, financial condition and results of operations,
prospects and opportunities could differ materially and perhaps substantially from those expressed in, or implied by, these forward-looking
statements as a result of various risks, uncertainties and other factors. In light of these risks and uncertainties, and especially given the start-up
nature of the Company’s business, there can be no assurance that the forward-looking statements contained herein will in fact be correct statements
of future events. Potentially interested parties should not place undue reliance on any forward-looking statements.
These forward looking statements speak only as of the date of this presentation. The Company disclaims any intent or obligation to update the forward
looking statements contained in this Investor Presentation. All communications, inquiries and requests for information concerning the Company or
this Investor Presentation should be addressed to:
Pat Cory, Chief Operating Officer, (914) 318-3219
[email protected]
NOT AN OFFER
These materials are for informational purposes only and do not constitute either an offer to sell securities or the solicitation of an offer to buy securities. No
offer or sale of securities, or any solicitation to buy, shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such jurisdiction. © M I L L I S E C O N D T E C H N O L O G I E S C O R P . 2 0 1 4
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ALL RIGHTS RESERVED
IF YOU DO NOT WISH TO RECEIVE THIS INVESTOR PRESENTATION SUBJECT TO THE FOREGOING TERMS AND CONDITIONS, PLEASE IMMEDIATELY
RETURN IT TO THE COMPANY
A REVOLUTION IN
PASTEURIZATION
MILLISECOND TECHNOLOGY
JUNE 2014
WHAT IS
MILLISECOND TECHNOLOGY (MST)?
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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CURRENT PASTEURIZATION OPTIONS
HAVE THEIR LIMITATIONS
TASTE / NUTRITION
a
T
A
S
T
E
/
N
U
T
R
I
T
I
O
N
HTST
UHT
SHELF LIFE
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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MST FILLS THE GAP
TASTE / NUTRITION
a
T
A
S
T
E
/
N
U
T
R
I
T
I
O
N
HTST
MST
UHT
SHELF LIFE
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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MST: THE NEXT GENERATION IN PASTEURIZATION
A revolutionary new and patented pasteurization
technique that will extend shelf life while preserving
the natural freshness of milk
o Nutrition and taste are not compromised
o Manufacturing and distribution are optimized
MST CAN GIVE YOU A COMPETITIVE EDGE
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THE MST PROCESS
o MST is a unique combination of low heat and
low pressure to maintain fresh milk’s flavor
and nutritional value
o Highly-efficient 8 log bacteria reduction
enables an extended product shelf life
o MST can provide significant economic
benefits to the supply and distribution chains
of the industry
© MILLISECOND TECHNOLOGIES CORP. 2014 ALL
RIGHTS RESERVED
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MST BENEFITS
A WIN-WIN-WIN-WIN SCENARIO
o
o
o
o
Farmers/Source
Processors
Retailers
Consumers
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FARMER/SOURCE BENEFITS
o Extended shelf life allows for
transportation over larger distances to
new domestic and overseas markets
o Can offer a differentiated, superior
quality product to processors
© MILLISECOND TECHNOLOGIES CORP. 2014
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PROCESSOR BENEFITS
HTST PROCESSORS
UHT PROCESSORS
o Acquire new
customers and
increase sales
o Enhance processing
efficiency
o Increase production
capacity
o Improve distribution
management
o Reduce operational
costs
o Keep fresh milk’s
taste and nutrients.
o Increase production
volume and revenue
© MILLISECOND TECHNOLOGIES CORP. 2014
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RETAILER BENEFITS
o Maintain better inventory control (chain
store retailers)
o Reduce product spoilage and returns
o Offer a differentiated, superior quality
product to customers
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CONSUMER BENEFITS
o A better product
• Great taste
• Nutrition
• Long shelf life
• Cost competitive
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HOW MST WORKS
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RIGHTS RESERVED
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HOW MST WORKS
Temperature
P T
10m/sec
External Heat
<85 °C/185 °F
< 70 °C/ <158 °F
Below std. pasteurization
Pressure
COOLING
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HOW MST WORKS
PROCESSING TEMPERATURE PROFILE
The unique MST effect is concluded in approximately
2 one thousandths of a second
PRE-HEATING
< 12°С/ 53.6°F → 57.2°С/ 135°F 80.0 sec
CHAMBER
MST effect
Hold time
Cooling
POST-CHAMBER
COOLING
0.002 sec
< 70°С/ < 158°F
1.0 sec
70°С/158°F → 60°С/140°F
4.0 sec
60°С /140°F → < 8°С/46.4°F
60.0 sec
© MILLISECOND TECHNOLOGIES CORP. 2014
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MST IS TECHNICALLY SUPERIOR
PASTEURIZATION METHODS
HTST
UHT
MST
Product Temp
161º-175ºF
72º-80ºC
281ºF
138ºC
<158ºF/<70ºC
below HTST
Process Time
15 sec.
2-5 sec.
<1 Sec
Shelf Life (Days)
14-18
45-60+
35-60+
Taste
Fresh
Cooked
Fresh
Bacterial Kill
5–Log
8–Log
8–Log
Remaining Bacteria
usually <1-log Not Significant
Not Significant
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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MST HAS BEEN TESTED AND VALIDATED
© MILLISECOND TECHNOLOGIES CORP. 2014
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MST DEVELOPMENT HISTORY
2007
First MST unit for juice pasteurization in
Kumpf, Germany
2009
First application to milk at large UK dairy
2010-2011
New MST chamber design tested at major
US Dairy
2012-2014
Testing at Purdue University
May 2014
1-9 ton modular unit delivered for testing and
preparation of first commercial application
2nd Half 2014
Begin commercialization of mini and small
scale MST units
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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MST RESULTS AT A TOP FIVE U.S. DAIRY
Sensory Testing
o Fresh milk tested to over 30 days shelf life
o No “off” flavors – fresh, clean taste
o No nutritive degradation
Microbiology
o National Food Lab confirmed > 6 log reduction of bacteria
o No significant micro-organisms recovered
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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MST RESULTS : PURDUE UNIVERSITY
Sensory Testing
o Fresh milk tested to over 35 days shelf life
o No “off” flavors – fresh, clean taste
o No nutritive degradation
Microbiology
o >8 log reduction
o No significant micro-organisms recovered
o Clean micro testing through 63 days
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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MST TESTING PROCEDURE
FLUID MILK PROCESSING ORDER
In:
Inoculated
Milk
Holding
Tank
Pasteurizer
SAMPLE
MST Unit
SAMPLE
Out:
Fully-Treated
Milk
SAMPLE
© MILLISECOND TECHNOLOGIES CORP. 2014
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MST TESTING PROCEDURE
o 300 gallons of raw milk
• Inoculated with 8 logs of various types of microorganisms
o Determined several sampling points
• Inoculated raw
• After pasteurizer, before MST
• After MST
o Sensory samples taken in sterile milk bottles
o Bio-microbial samples taken in sterile blood bags
o Sensory tests conducted over 35 days
o Bio-microbial population tested periodically to 63 days
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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MST PRESERVES SENSORY
CHARACTERISTICS
AT 35 DAYS
Run
1
Color
Aroma
Taste
Aftertaste
Pasteurized
MST
Pasteurized
MST
Pasteurized
MST
Pasteurized
MST
7.32
7.26
6.08
6.08
6.86
7.05
6.15
6.38
© MILLISECOND TECHNOLOGIES CORP. 2014
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Pref*
MST
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MST REDUCES MICROBIAL LOAD
Trial #
Run #
#1
1
none
5.7x104
NS***
NS
2
L. fermentum
1.2x108
5.0x106
NS
3
L. fermentum
1.2x108
1.2x107
NS
1
P. migula
6.4x106
NS
NS
2
P. migula
9.0x106
3.4x105
NS
2
P. migula
1.2x107
1.1x106
NS
#2
Inoculated
Raw
After
Pasteurizer /
Before MST
Micro Counts
(cfµ / ml)
Indicator
Organism
After MST
*** No Significant micro-organisms recovered
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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MST EXTENDS SHELF LIFE
Microbial Population in Samples over Time
No. of Days
0
28
43
57
63
After Pasteurization (cfµ/mL)
Run 1
Run 2
Run 3
57
17
<1
9
<1
21
15
14
8
5x103
3x105
3x106
5x107
3x106
3x107
After MST (cfµ/mL)
Run 1
Run 2
Run 3
2
<1
7
5
4
6
7
7
5
3
4
43
<1
<1
5x107
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MST PROMOTES VIRAL INACTIVATION
Virus/Host
Raw Milk
Inoculated
Raw Milk
After MST*
Viable
Bacteriophage
Bacteriophage Concentration
(pfµ/mL)
Phi/S1 /
P. Fluorescens
M3A
<10
1.14x106
<10
** Not pasteurized
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MST TODAY
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ALL RIGHTS RESERVED
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THE MST PASTEURIZATION PROCESS
FLUID MILK PROCESSING ORDER
In:
Raw Milk
Holding
Tank
MST Unit
HTST
Pasteurizer
Out:
Fully-Treated
Milk
ESL
Packaging
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MST AT THE FARM LEVEL
FLUID MILK PROCESSING ORDER
In:
Raw Milk /
Coconut Water
Holding
Tank
MST Unit
Out:
High-Quality
Raw Milk/
Coconut
Water
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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COMPLIES WITH U.S. FEDERAL REGULATIONS
o
o
o
o
FDA
Grade A Standards
3A Sanitary Standards
Pasteurized Milk Ordinance
© MILLISECOND TECHNOLOGIES CORP. 2014
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MST TODAY
o More than 50 U.S. and international patents
o First commercial unit processing coconut water in
Philippines
o Mini and small scale units available for small
applications/low volume (500-9000 liters per hr.)
• Milk
• Cheese
• Juice
• Coconut water and similar products
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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MST IS EASILY INTEGRATED INTO
HTST/UHT EQUIPMENT
© MILLISECOND TECHNOLOGIES CORP. 2014
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SCALED UP PROTOTYPE FOR NEEDS
OF LARGER DAIRIES
© MILLISECOND TECHNOLOGIES CORP. 2014
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QUESTIONS?
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34
Pat Cory
Director/Chief Operating Officer
(914) 318-3219
[email protected]
Millisecond Technologies Corp.
500 Fifth Ave., Fifth Floor
New York, NY 10110
USA
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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THANK YOU!
© MILLISECOND TECHNOLOGIES CORP. 2014
ALL RIGHTS RESERVED
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