Core Viewpoint - The article discusses the rising importance of Thermal Interface Materials (TIM) in the context of 5G and upcoming 6G technologies, highlighting their role in managing heat in communication systems as power density increases [1][2]. Group 1: 5G and 6G Development - The construction of global 5G networks is entering a critical phase, with 5G-ADVANCED (5.5G) moving towards commercialization, laying the groundwork for 6G [1]. - As communication speeds increase, the power consumption of base stations will also rise, leading to greater thermal management challenges [1]. Group 2: Importance of Thermal Interface Materials - TIMs serve as "invisible bridges" that fill the micro-gaps between chips and heat sinks, becoming strategic materials essential for the stability of communication systems [1]. - The reduction in the size of base stations necessitates higher integration of antennas and filters, which in turn limits the size of heat sinks, complicating heat dissipation [1]. Group 3: Innovations in Thermal Interface Materials - There are four main categories of innovative TIMs: thermal gels, phase change materials (PCM), carbon-based materials, and liquid metals [2]. - ZTE has implemented a 7.8 W/mK gel solution in its BBU baseband unit, achieving 2 million hours of fault-free operation [2]. - Huawei's use of PCM in its 5G base station RF chips has resulted in a 9.6°C reduction in temperature fluctuations under sudden loads, enhancing output power stability by 40% [2]. Group 4: Future Trends and Events - As 6G terahertz communication pushes chip thermal flux density to the level of 1000 W/cm², TIMs will transition from auxiliary materials to core technologies [2]. - ZTE's wireless thermal design expert will present on the demand and outlook for TIMs in communication base stations at the 2025 Polymer Industry Annual Conference [2].

Financial Highlights - Origin Materials projects revenue of $20 million to $30 million in 2026[8] and $100 million to $200 million in 2027[8, 15] - The company anticipates achieving Adjusted EBITDA positive run rate in 2027[8, 15] - Manufacturing lines are expected to have a payback period of less than 18 months[12, 13] Market and Demand - The total addressable market for Origin closures is greater than $65 billion[8, 32, 57] - The company is currently in the $7 billion water market segment[56, 57] and is qualifying for the $6 billion carbonated soft drink (CSD) market[57, 60] - Demand currently exceeds projected manufacturing capacity for the foreseeable future[6, 72] Manufacturing and Technology - Origin Materials commenced production on its first CapFormer line in February 2025[17, 60] - The company is on track to have 8 to 10 CapFormer lines in operation in 2026[15, 17] - Origin Materials has secured over 70 patents protecting its technology and products[9, 75]

Core Viewpoint - The European Patent Office (EPO) ruled in favor of Borealis, allowing it to continue producing polyolefin elastomer (POE) films, concluding an eight-year patent dispute with Mitsui Chemicals [2][6]. Group 1: Patent Dispute Overview - The dispute originated from Mitsui Chemicals' European patent EP2626911B1, granted in November 2017 for its ENGAGE® 8400 POE material, aimed at creating a technological barrier in the photovoltaic POE encapsulant film market [3]. - Borealis challenged the patent in August 2018, arguing it lacked inventiveness due to the existence of similar solar cell encapsulation polymer products in the market prior to Mitsui's patent application [4]. - EPO's final ruling in July 2025 determined that Mitsui's patent was invalid based on the concept of "market publicness," indicating that existing technology must be assessed based on its public availability rather than its extractability [5]. Group 2: Market Dynamics and Trends - POE has gained significant traction in recent years, with major players like Dow, Mitsui, ExxonMobil, LG Chem, SK, and SABIC dominating the market. China has been heavily reliant on imports, with approximately 860,000 tons imported in 2023 [7]. - The penetration rate of POE in N-type module encapsulation has increased from 20% to 40%, squeezing the high-end EVA market and driving global demand for POE to 1.5 million tons [8]. Group 3: POE Product Types and Applications - Main types of POE include four-carbon POE and eight-carbon POE. Four-carbon POE is cost-effective and widely used in general products, while eight-carbon POE offers superior performance in extreme conditions but has higher production costs due to reliance on imported raw materials [9][10]. - Four-carbon POE is primarily used in cost-sensitive products, while eight-carbon POE is utilized in high-performance applications such as automotive parts and high-end packaging [10]. Group 4: Technological Barriers and Innovations - Key technological barriers in POE production include metallocene catalyst systems, sourcing high-carbon α-olefins, and solution polymerization processes. The catalyst's high-temperature resistance and equipment costs are significant challenges [11]. - Recent breakthroughs in the synthesis of 1-octene, a crucial raw material, have been achieved, with several companies establishing industrial trial facilities for its production [12]. - The China Petroleum and Chemical Corporation announced successful advancements in reactor heat control and polymer stability, leading to the development of a thousand-ton/year solution method for high-end elastomers [13]. Group 5: Future Directions - Future developments in POE materials are expected to focus on sustainability and multifunctionality, including the creation of bio-based, biodegradable, and recyclable POE products, as well as enhancements through the incorporation of nanoparticles and fibers [14].

March 13, 2025 Forward looking statements and disclaimers FORWARD-LOOKING STATEMENTS. This presentation and the accompanying oral presentation have been prepared by Origin Materials, Inc. ("Origin") for informational purposes only and not for any other purpose. Certain statements included in this presentation that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking stateme ...