Firefly International Energy Company.

Transcription

1 Firefly International Energy Company

2 Presentation Roadmap Genesis of Firefly Technology About Firefly Technology Value for the customers US battery Market Potential Competitive Landscape About Firefly International Energy Inc Our Plan

3 Genesis of Firefly Technology

4 Future : Lead-Carbon = Firefly (Advanced Lead- Acid Battery) Firefly s revolutionary battery technology was born in the Research and Development laboratory of Caterpillar, Inc., a world-renowned manufacturer of heavy equipment Caterpillar has long been a consumer of batteries for its many heavy equipment products. These, by their very nature, put a severe strain on batteries. Hot and cold extreme temperatures, severe vibration, and prolonged periods of disuse are standard operating conditions for heavy equipment batteries. With a new corporate focus on improving batteries, CAT electronics turned the issue over to their R&D arm.

5 Firefly Microcell Carbon Foam Technology (Advanced Lead Acid Batteries) Firefly has patented Microcell Carbon Foam Technology, which allowed exploitation of existing lead-acid chemistry to compete head-on with other advanced battery technologies Through material innovation, Firefly succeeded to offer Higher Efficiency & Cycle life which brings down the total cost of ownership Firefly's goal is to manufacture the lowest-cost-of-ownership, energy-storage systems in the world This revolutionary technology was invented by Mr Kurt Kelly. He was able to configure the material in such a way that it thrived in the harsh lead acid chemistry environment Mr. Kurt Kelley

6 Lead Acid Battery Problems Corrosion Shedding Sulfation Cost Effective Solution Use of Carbon as envisaged by Experts

7 Kurt is a geologist, by training. He wanted to use carbon for solving the problems of lead acid batteries in He found that the Pb acid battery literature is discussing the same in detail.

8 About Firefly Technology

9 Firefly Technology Microcell Carbon Foam Technology: Disruptive processes and performance Battery design capable of using multiple chemistries Utilizing lead-acid chemistry presents greatest gains Advanced battery performance for lead-acid costs Insensitive to state-of-charge

10 Firefly s Revolutionary Product From decades-long use of Lead Plates with limited Surface Area. 30% - 40% Utilization To Micro Cellular-based Batteries with 2000x Surface Area 90% Utilization

11 Firefly battery get s better life From decades-long use of lead plates with limited surface areas. Low Utilization To micro-cellular-based Foam plates with much greater surface areas Exceptional Utilization

12 FF battery has better heat transfer Traditional Cell Firefly 3D Cell Positive Plates Negative Plates Infrared images snapped at the end of a 5C (12 minute) discharge of both a Firefly 3D cell and a traditional cell. More uniform temperature distribution of the 3D cell o o = uniform current density distribution = higher overall active material utilization More uniform temperature distribution will minimize o o localized positive grid corrosion (PCL1) localized positive active material wearout (PCL2) Internal testing 12

13 Value for the Customers

14 Firefly Microcell Carbon Foam Technology (Advanced Lead Acid Batteries) The Solution Firefly: Microcell Carbon Foam Battery Increased power density and specific energy over traditional Pb Acid battery 2-3x recharge rate 2-3x the calendar life expectancy of Pb Acid Battery 2-3 times cycle life expectancy of Pb Acid Battery Manufactured cost equivalent to premium lead acid New Combination of Off the Shelf Materials o o Up to 12-15% reduction of lead Environmentally safe Fits into existing lead acid battery infrastructure o o o Manufacturing Production Customer use End of life recycling Quantum Leap in Performance

15 The Result : Cycle Life W. St. Rt. 51 Genoa, OH

16 Intellectual Property and Awards Eight (8) U.S. & Other Patents 23 Patent Applications filed Patented in US, India, China, Korea, Russia, Brazil, Japan and UK Enhanced lead acid battery using commercially viable modifications to the existing materials. Could use existing manufacturing base (evolutionary) New battery concept using novel materials to improve performance. Novel materials revolutionize battery performance, minor change in manufacturing capability (revolutionary)

17 Evolution of LA Battery Technology In brief Flooded Lead Acid Battery 1859 (Gaston Plante) Sealed Battery Low maintenance early 1900's VRLA (Valve Regulated Lead Acid) Battery, AGM 1972 (Gates Corporation) VRLA Battery, Gel 1983 (Sonneschien) VRLA Battery, Carbon Foam Technology 2000 (Firefly International Energy LLc)

18 Firefly Microcell Carbon Foam Technology (Advanced Lead Acid Batteries) Comparison Li ion Carbon Foam Pb acid batteries (SMF) Performance 3C 8C 5C Life (80% DOD) 1000 cycles* 1000 cycles* 300 cycles Discharging Temp Range -10 C to 60 C -40 C to 60 C -20 C to 60 C Charging Temp Range 0 C to 45 C -40 C to 60 C -15 C to 50 C Self-Discharge very low 0.15% per day 0.3% per day PSOC No effect on Life No effect on Life Affects the battery life Serviceability Maintenance free Maintenance free Maintenance free Standards NA SAE J2185 & BCI : 05 NA Cost per kw H in USD * with BMS Firefly s Microcell Carbon Foam technology offers Higher Efficiency, High shelf life at Lowest-cost-of-ownership

19 Competitive Product Matrix

20 Market Potential - USA

21 SECONDARY BATTERY SUPPLY & DEMAND USA Values in USD million Item Secondary Battery Demand Lead-Acid Rechargeable Lithium Nickel-Metal Hydride Nickel-Cadmium net imports Secondary Battery Shipments Source: The Freedonia Group, Inc.

22 LEAD-ACID BATTERY SUPPLY & DEMAND USA Values in USD million Item Lead-Acid Battery Demand Starting/Lighting/Ignition Non-SLI net exports Lead-Acid Battery Shipments Source: The Freedonia Group, Inc.

23 NON-SLI LEAD-ACID BATTERY DEMAND (million dollars) USA Values in USD million Item Non-SLI Lead-Acid Battery Demand Motive Power Stationary & Other Types Source: The Freedonia Group, Inc.

24 Competitive Landscape - USA

25 Competitive Landscape Lead Acid EnerSys a well established company with a good R&D staff provides primarily backup power for emergency use and power applications. Deep-cycling is not strength of their technology C&D Technologies A well established company that excels in good - quality, large, storage batteries. C&D uses a more traditional battery design than EnerSys, which has better deep cycle capability. The technology is still limited by the traditional design and failure modes. Lately, they are offering PSOC operating battery using carbon additives mainly for ISS Exide Exide is a well established company, which is recently trying to rebuild its R&D capability. The battery designs are traditional PbA and, while offering a wide range of products, are average performers at best. For PSOC operation, Carbon Additives Batteries are being offered. East Penn A well established company with probably the best R&D and manufacturing quality in the group. EP batteries consistently outperform the competition in our testing. They have a wide selection of batteries, but do not intensely compete well in the large deep-cycle arena. Expect new products from this company that are well designed for applications. Ultra Battery is offered for mainly HEV/Frequency Stabilization application. Trojan Battery Trojan is best known for their deep cycle batteries for golf carts and small utility EVs. An excellent product and quality construction. Trojan does not compete in batteries over about 1 kwh, in general.

26 Target Market Segments - Firefly

27 Existing Customers Peoria Police Utilizes a standalone battery system designed and built by FIE to power a DVR system and up to 10 cameras. The truck is left unattended for up to 10 days recording video surveillance in all elements. Tata Motors Currently is testing the FIE Oasis battery in a 72 volt configuration for their hybrid electric car. Tata is the largest auto manufacturer in India. Herzog A railway maintenance company, their current batteries do not survive the abuse and neglect of a rail car. Partial state of charges and poor charging has decimated competitor s batteries. HPEV Currently are converting utility trucks into hybrid electric vehicles for the mining industry. There need for a robust, safe and quality battery has brought them to FIE. Currently they are installing 30 Oasis batteries in series per truck. Two defense contractors are using Firefly batteries for tough application conditions and the likely future numbers are high. FF Batteries are approved by Dept of Defense

28 Target Market Segments The Company currently is focusing on the following end market segments: Telecommunications Renewable Energy Uninterruptible Power Supply (UPS) Electric/Hybrid Vehicles Grid Scale Energy Storage for distributed generation Mass Transit and Commercial Trucking Military and Municipal Applications RV/Boat Recreational needs

29 Potential Market Segments With coming in of new regulations, steep rise in energy demand and advent of advanced lead acid batteries multiple new applications are coming up for secondary batteries like: Intermittent Start and Stop (ISS) Energy storage for peak shaving/ frequency stabilization/ voltage regulation BESS Energy storage from non-conventional sources BESS EV/PHEV For low cost vehicles Underground Mining/ High Power Motive Equipment like Electric Locomotives Renewed Emphasis on Island Operation of Strategic Installations OFF GRID Island Operation of Renewable Energy Sources Recent study by IHS Research projects, World Solar storage market set to explode to US$19 billion in 2017 (

30 About Firefly International Energy Inc

31 Management Team Mr. Mukesh Bhandari Director, CEO Mr. Rajendra Patel- Director, Vice- President Mr. Kurtis C. Kelley Chief Technology Officer Mr. Mat Stone Manufacturing Manager Mr. Rob MacDuff - Testing Manager

32 Advisory Board The company has an Advisory board comprising of leading industry professionals and opinion makers, the names are as under: Mr. Mike Kepros Dr. Arvind Parthasarathy Mr. Garth Corey Dr. Nasser Kutkut Mr. Kurtis Kelley Mr. Mukesh Bhandari

33 Next Generation Technology Plan

34 Firefly: Then and now Present Corporate 2003 Firefly Energy, Inc. (FFE) is established as a spin-off from CATERPILLAR S R&D 2007 FFE s technology is recognized for major industry awards from Wall Street Journal Technology Innovation and R&D FFE receives $15 million total funding (including earning a $2 million grant from the US military) 2009 FFE s Oasis battery undergoes benchmark testing within Peoria (IL) public buses (CityLink) 2010 Firefly International Energy Co. (FIE) acquires assets of Firefly Energy from Bankruptcy Estate Re-launches new corporate website ( FIE brings production of carbon foam in-house. Undertakes development to increase manufacturing quality substantially and reduce cost by 70% Begins inhouse manufacturing of Group 31 batteries on small scale and reduce cost by 33% 2013 Finished development of Computer aided temperature controlled formation process, leading to better Ampere hour delivery Employees Locations Peoria, IL Peoria, IL Additional operational center in India Revenue $(MM) Pre-Revenue 2011 = N/A 2012 = $ = $1.33 Markets USA USA, Canada, India, Australia

35 Thank you!