LiquidPiston Overview July, 2018

Transcription

1 Power Reimagied LiquidPisto Overview July,

2 Tractio Awards: Parters: Featured i: 2

3 Compay overview Dolby Labs busiess model: LPI develops ad liceses compact & efficiet power solutios, based o a ew thermodyamic cycle & rotary egie techology 45 Patets (issued + pedig) Iovative Team 3 PhDs 10x smaller $9M i DoD R&D Cotracts The Old Way The New Way Operatioal Prototype TRL 6 2x more efficiet Collab. Parters: GA & HDT 70% EBITDA Licesig Model 3

4 Itro / Team Dr. Alexader Shkolik Co-Fouder & CEO PhD i Computer Sciece from MIT Techical focus o leadig teams i modelig dyamic systems, optimizatio ad cotrols Dr. Nikolay Shkolik Co-Fouder & CTO PhD i Physics from UCo Former Clea Eergy Program Director, GEN3 Motorola award for Creativity > 25 patets: egies, fuel cells, super caps, etc. TRIZ expert Per Sueby, VP of Corporate Developmet MBA, Harvard; BASc Electrical Egieerig, U. British Columbia Seasoed tech & clea tech startup executive NE Clea Eergy Fellow Idepedet Board Director Dr. Toy Tether, Retired Director of DARPA; Oversaw $25B while at DARPA. Team of 16 egieers; Network of advisors ad cosultats 4

5 POWER & ENERGY are limitig today s vehicles {groud / sea / air} Gasolie egies are iefficiet Diesel egies are heavy Rage Capacity Cost CO 2 Electric: 1000 lb. battery = 20 lb. fuel (!) 5

6 Power Reimagied: Physics tells us we ca do better! + Advaced Thermodyamic Cycle New Rotary Egie Architecture 2x more efficiet 2x quieter 10x smaller & lighter 1000x less vibratio 6

7 Techology: it s ot a Wakel! Wakel Egie Poor combustio (log flat chamber) Poor sealig (apex seal corers) Poor lubricatio (seals hard to lube) à Bad efficiecy, durability, lubricatio, emissios 7 LPI Egie High compressio ratio Costat-volume combustio Over-expasio Direct lubricatio of seals à efficiet, durable, good emissios

8 Extesive IP portfolio HEHC Thermodyamic Cycle Egie Architectures (e.g., LPI-X Rotary) Eablig Techologies e.g., sealig, coolig, cotrols, other Comprehesive patet coverage 45 patets issued / pedig (worldwide/pct) Defesible & extesible IP strategy supports licesig model 8

9 Key eablig techology for vehicle electrificatio Today s EV: big, heavy, expesive battery Battery Electric motors 9

10 Key eablig techology for vehicle electrificatio HEHC ReV: Icreased rage, small, cheap battery Recharge i 2 miutes Combustio egie Geerator Coverter Electric motors Fuel tak Battery 10

11 Tractio with beachhead customer: U.S. DoD $9M i govermet cotracts Army: 2kw hybrid electric power supply for M777 Howitzer. Parters: DARPA: 40 HP high efficiecy compact heavy fuel X-egie developmet cotract. For UAVs ad/or geerators. 11

12 LPI-X Egies: Two iitial applicatio pathways LPI-X Platform Military Commercial Micro-CHP 3-5 HP (70cc) X-Mii 40 HP (750cc) X4 cocept Compay Proprietary Iformatio 12

13 Dolby Labs Busiess Model: Egieerig ad Licesig $ Egieerig Services Egie desig & testig for OEMs ad mfg parters Productizatio & idustrializatio egieerig support Post-sales techical support $ Govermet Cotracts DoD, DoE egie ad eergy coversio techology developmet System demostratio projects (propulsio, power ge., etc.) $ Licese/Royalties: Upfrot & Recurrig Techology, egie desig, ad maufacturig liceses LPI is global IP ad learig clearighouse $ Egie Product Sales Low volume pilot productio or iche market supply Cotract maufacturers maaged by LPI Compay Proprietary Iformatio 13

14 $1M Wefuder raise use of fuds Techology ad platform developmet edurace ad other testig; iitial ext geeratio platform R&D No-DoD fuded expeditures for busiess developmet ad commercial readiess primary focus o sigig 1-2 strategic parters (OEMs, egie maufacturers) Help exted compay cash ruway for $10M Series A raise i the ext 6 9 moths 14

15 Summary Game Chagig New thermodyamic cycle, rotary egie Up to 2x more efficiet, up to 10x smaller 45 patets issued / pedig Customer Tractio Beachhead customer: U.S. DoD {Army, DARPA} $9M i R&D cotracts, Collaboratig with Geeral Atomics, HDT Army to Field test 2kW geerator Q Multiple parterig egagemets uderway Ramp Up Leveragig 10 years of prior R&D Raisig $10M Series A ext 6 9 moths Busiess model: licesig, egieerig services Multiple exits possible i 3-5 years 15

16 Power Reimagied 16