GWL/Power GWL/Power i4wifi a.s.

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1 GWL/Power 2016 GWL/Power i4wifi a.s. Sales Report / February 2017

2 Content 1. About company 3 2. i4wifi as value added distributor 7 3. Customers 9 4. Kind of distribution business in Historical revenues Summary of the year Contacts 27

3 Company i4wifi/gwl Joint stock company Annual turnover about USD 24 million Business activities were launched in 1994 as a private business company Leading wireless component supplier in the Czech Republic since 2002 Value added distributor Specialized in networking components, Energy storages components, EV and solar industry

4 Company i4wifi/gwl

5 Corporate philosophy and people "The one whose main goal is the financial profit, can never be successful." Number of employees is still increasing from 21 in year 2007 to 38 in 2016 work in Sales, Technical (R&D), Warehouse, Accountant, Marketing and IT departments.

6 Warehouse Over 37,000 packages dispatched, of that 100% as same day dispatch in the packeges total capacity per day New and safety warehouse 3,800 sq m of warehouse space

7 Value added distributor support 8 technicians support our customers everyday About 30 technical questions are solved each day Special support for Solar systems, BMS and batteries

8 Value added distributor Exhibitions Intersolar/EES exhibition for suppliers and users of electrical energy storage solutions. It is in conjunction with Intersolar Europe, the world s largest exhibition for the solar industry, in Munich, Germany. RENEXPO important meeting place to gather information about current market developments and trends in solar industry. Energy Storage Europe annual B2B fair about ESS solution and battery cell technologies.

9 GWL/Power Sales Territory World

10 GWL/Power Sales Territory EU Sales Territory: European Union We have a customer base of European customers.

11 GWL/Power EU Single Market single market no boarders single currency same day dispatch 2 3 day delivery

12 GWL/Power European Customers The advantage of the GWL/Power warehouse location. EU Country Growth [%] VIP DE Germany % 64 FI Finland % 28 IT Italy % 37 SE Sweden % 22 FR France % 22 ES Spain % 14 AT Austria % 8 NL The Netherlands % 28 CH Switzerland *) % 18 GB United Kingdom % 12 PT Portugal % 15 DK Danmark % 9 HU Hungary % 15 BE Belgium % 11 SI Slovenia % 11 NO Norway *) % 8 *) non EU Country

13 EU Customers by Country 2016 Poland; 1% Austria; 3% Finland; 2% Switzerland; 2% Portugal; 2% Denmark; 4% Spain; 4% Great Britain; 4% Belgium; 1% Others; 8% Germany; 40% France; 4% Romania; 5% Sweden; 5% Italy; 6% Netherland; 7%

14 GWL/Power History Highlights 2007 i4wifi a.s. formed through a merger of two Czech distributors 2008 first power systems for IT networking 2009 LiFePO4 distribution started 2010 on line web power.eu introduced 2011 aggregated total of 1 million Ah sales 2012 aggregated total of 5 million Ah sales

15 GWL/Power History Highlights 2013 aggregated total 10.5 million Ah 2014 aggregated total 17.3 million Ah and 1.7 milion Wp sales 2015 aggregated total 23.7 milion Ah and 2.6 milion Wp sales 2016 new version of e shop power.eu, aggregated total 29.8 milion Ah and 3.7 milion Wp sales 2017 key distributor of the following products - LiFePO4, Li Ion and LTO cells and batteries - protection and BMS systems - battery Chargers - complete PV Solar solution GridFree/Offgrid - EVBIKE kits

16 Distribution Business in 2016 There are 2major lines of business: Telecommunication products (TELCO) (Wi Fi, switches, Routers, fiber networks). Energy storage, EV and PV solutions (POWER). Solar panels, batteries, electro mobility, accessories.

17 GWL/Power 2016 Total Sales Data Total Revenue USD $ million Of that: GWL/Power USD $ million % of Total Revenue 3% Power 46% 51% Telco Services

18 Key Figures of 2016 i4wifi Business Total revenue: USD million 16% increase of revenue over % increase of revenue over 2011 Total amount of units sold: 467,000 (of that 398,000 items and 69,000 m of wires)

19 History of company Revenues $ Total Revenue [in USD] $ $ $ $ $ $

20 Main Brands Winston, Sinopoly, Calb (China) are producer of LiFePO4 cells and batteries. These batteries are suitable for EV applications and energy storage solutions. All 3 manufacturers are independent and produce variaty types of LiFePO4 cell and batteries. GWL/Power own branding high quality photovoltaic panels, LTO cells and other DC power equipment. GridFree Progresiv solution of photovoltaic system designed for covering of own comsumption of electricity. EVBIKE Bike into the electric bike conversion kits for Do It Yourself installations. EVBIKE conversion kits are in direct hub motor inside the wheel or central motor at pedals.

21 GWL/Power EV products share 2016 Microinverters; 2% ebike engines; 6% Li ion cells and batteries; 4% Solar controllers; 2% Battery management; 1% Others; 6% Product type share by revenue Solar panels; 7% LFP cells and batteries; 72%

22 GWL/Power Lithium Cell Sales Cell Sales History and Plan [Ah/year] Year Cell Sales Cumulative [Ah/year] sales [Ah] plan Cell Sales [Ah/year] Cumulative sales [Ah]

23 GWL/Power Lithium Cell Models 2016 Sales Volume in Ah by Cell Capacity M (0 39Ah); 2% L (40 199Ah); 37% X ( Ah); 61%

24 GWL/Power Solar Panel Models 2016 Sales Volume in Wp by Nominal Power X ( Wp); 15% M (20 199Wp); 39% L ( Wp); 46%

25 GWL/Power Group Summary Our customer database includes hundreds of European customers primarily from Germany, Finland, Italy, France, Spain and other countries. We provide our customers with energy/power solutions on a regular basis. We hold ready to dispatch stock of large capacity LiFePO4 batteries & accessories imported directly from original equipment manufacturers from China, Taiwan and Japan. We operate 3,800 sq m of warehouse space, own technical service department, training center and a customer support center. We develop products and solutions tailored to meet the needs of our customers. Such products include specially designed power management tools, high power chargers and other. We were awarded Czech stability award with AAA rating ( excellent stability ), which only 2% of Czech companies achieve.

26 References

27 Contact us i4wifi a.s. Průmyslová Prague 10 Czech Republic EU Phone: Fax: Mail: Skype: i4wifi export power.eu Our sales and technical departments are ready for you.

GWL/Power GWL/Power i4wifi a.s.

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