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ReGate AG

Company presentation

Development

Projects

- Energy sector -

St. Gallen, 11th November 2016

1. Updraft Tower for Solar Energy Supply An economic and inexhaustible source of energy for the World.

Solar Updraft Towers – a solar energy based technology for worldwide use to cover a substantial part of future world energy supply. Global energy demand will increase by 50 percent according to OECD forecasts in the next 25 years. At the same time industrialized are forced to reduce climate destroying emissions whereas emerging and developing countries must install and invest into cost efficient and environmentally safe energy sources. This will generate a huge demand in new and substituting power generating capacity. Solar Updraft Towers are the perfect answer to meet these challenges.

Available versions: 50 MW effective power (here described in the following) 200 MW effective power

Development partner: Schlaich Bergermann Solar GmbH, Stuttgart/Germany www.sbp.de/en

Reference: Pilot installation in Manzanaraz/Spain

The technology of the solar updraft tower combines three well-known factors: 1. Air is heated by solar radiation under a low circular transparent roof (like in a green house) open at the periphery. 2. Suction from a high tower located in the center of the roof draws in the hot air from

http://www.sbp.de/en

the collector (chimney effect), and cold air flows in from the outer perimeter. 3. The energy contained in the constant air flow is converted into mechanical energy by pressure-staged turbines (wind mill) at the base of the tower, and into electrical energy by conventional generators.

Technical specifications:

Advantages:

Solar radiation as emission-free and zero-cost source of energy

Energy generation with both direct and diffuse solar radiation (crucial for tropical countries where the sky is frequently overcast ) and even at night, ensuring 24-hr operation and base load qualification

Simple and very reliable technology with low operating and maintenance cost

Ubiquitous and cheap availability of main construction materials (sand, cement, glass); no risk of shortages in supply of raw material

Excellent energy balance – in fact, technology can be reproduced on site

No competing land use as located in stone deserts. Thus no competition with agricultural or environmental usages and low property acquisition cost

No cooling water needed unlike conventional power stations and most solar-thermal technologies – a key advantage in sunny and dry countries with scarce water resources

Long lifetime with limited replacement requirements after 25 and 60 years

Tower height

Tower diameter

Collector diameter

Planned location

Annual solar radiation

Electricity output at 1800 kWh/m²/a

Construction time

750 m

90 m

3,750 m

Spain

1800 kWh/m²/a (10-year average)

Expected lifetime

Replacement requirements

120 GWh/a

app. 2 years

60 to more than 100 years (financial projections assume 25 years of operation)

Turbines after 60– 100 yrs; outer part of collector roof after > 25 yrs (if membrane instead of glass)

Implementation in highly industrialized countries, but also in less developed countries with advantage of use of local labor and resulting local employment

Low energy generation cost compared with competing solar technologies and significant potential of future cost reduction

Already today with optimal configuration electricity generation costs at competitive levels with conventional power generation

Disadvantages:

Limited to areas with high solar radiation (US, Southern Europe, Africa, Asia etc.)

Need of energy transmission from areas with high solar radiation to industrialized countries with low solar radiation (3 percent loss per 1,000 km)

High initial capital investment

Experience and available data derived from significantly smaller pilot plant

Financial specifications:

Construction cost € 350.0 mn Equity (as proposal!) € 158.5 mn (45%) Debt (repayment time 25 yrs) € 191.5 mn (55%)

Revenues (European based):

Energy revenues € 32.4 mn p.a.

Revenues from CO2 certificates € 1.2 mn p.a. Other revenues, agriculture, tourism, naming rights) n.n. p.a. Total revenues € 33.6 mn p.a.

Costs:

Operation and maintenance (O&M) € 1.2 mn p.a. Insurance € 0.2 mn p.a. Initial interest payment (6% interest rate; interest declining in future yrs with growing repayment of capital) € 10.9 mn p.a. Depreciation (25 yrs) € 13.2 mn p.a.

Total cost € 25.5 mn p.a. Taxable income € 8.0 mn p.a.

Cash flow to investors (before tax) € 14.9 mn p.a.

Cash flow to investors (before tax) as % of equity 10,0% p.a.

Sustainable Investment into Solar Energy

Subject of investment: commercial updraft tower power plant based on experience from smaller pilot plant.

Target investors: governments, environmentally conscious individuals and fund and

asset managers who want to diversify their portfolios in the growing market of solar energy and are prepared to make long-term investments with high and guaranteed yields for decades ahead

Type of investment: direct share in Project Company with local operating facility

Investment schedule: t.b.d.

Finance structure: t.b.d. Revenues: energy sales, sale of CO2-certificates, tourism, advertising, naming

rights, possibly agriculture

Yearly payouts: > 8 percent preferential payout on nominal capital plus share of exceeding profits

Depreciation: Effective life time is much higher than normal depreciation period of

25 yrs. Therefore tax benefits exceed effective wear and tear.

Risk: Technological risk is low as the basic effects are well known and extensively researched. Actual energy output may deviate from projections by +/-10 percent. Even if output were 10 percent below projections this could be offset by an additional investment of only 4 percent of total construction cost.

This document is for information purposes only. It does not constitute an offer or a solicitation for an offer of securities, real estate, shares of company or other capital investment. Assessments and projections are based on publicly available information which we consider reliable. However, we do not

guarantee and do not assume any legal responsibility for the completeness and correctness of the information provided.

2. HTCW power plants (HTCW – high temperature conversion of waste; it isn’t an incinerator!)

General

Development of a Waste to Energy Power Station providing the solution for all types of waste material including industrial/hazardous waste streams. The numbers of plants can be determined in regards to local requests. Plants will be built within 24 months after funding.

Various experts and institutions have examined the HTCW technology during operation at the HTCW R&D Plant in Germany and surveys can be delivered on request.

Technology

Plants that treat waste, disposal ones as well as utilization ones, have the following tasks:

• Volume and mass reduction • Destruction of hazardous material potential • Substantial and energetic utilization

The HTCW®-Process fulfils these tasks through thermal and chemical transformation of the highly heterogeneous waste material into manageable streams of materials. For the material and energetically utilization of waste, it is necessary to “remodel” the highly heterogeneous materials in a way that makes them further useable. This can be achieved by thermal treatment of the waste. During the various steps of the high-temperature melting gasification process, the physical and chemical characteristics of the feed material are therefore transformed correspondingly. By means of drying, degassing, gasification, burning and reduction, the volume of the operational material is clearly reduced and furthermore useful

substances in form of synthesis gas, slag and metals arise. Through destruction of organic materials, inerting and concentrating of non-organic materials, the hazardous components are destroyed and thus disposed of. This way, the amount of remaining material that has to be disposed of, e.g. concentrated salts and dusts, is extremely small. Before charging the feed material (waste) into the gasification reactor, it is pre-treated minimally, only. It is not sorted, only coarsely reduced to small pieces. Metallic or mineral admixtures which the input material may contain are even desired for the process. Depending on the composition of the feed material, additional materials as coke and limestone are added. The input material sinking down the furnace shaft is subject to a controlled pyrolytic decomposition of the organic components, whereas the shaft gas is enriched with the pyrolysis products. The enriched pyrolysis gas is put into the high-temperature area. There it gets almost completely converted by means of oxygen as gasification agent. This way the organic compounds are decomposed into low-molecular components at

reaction temperatures of ca. 2.000°C. Depending on the size of the plant and the operational material, the gasification has an efficiency of 75 to 80 %.

HTCW® patents are property of the initiators of this project and can be delivered along with the detailed technology concept on request.

Input

Each plant can treat an input of 40,000 tons per year of waste material such as municipal solid waste, hospital waste, tyres, asbestos, contaminated wood etc.

Output

The plant will produce about 10 Megawatt of electricity; after deduction of the own need it can feed about 7.7 MW to the grid. Other output products are: mineral slag, cast iron, heat etc.

Total investment per HTCW power station

Approx. 65.000.000 Euro (for a 40.000 t p.a. capacity, smaller versions possible) Construction time

24 month after funding EBITDA of future operations

Approx. 45% of total income Triple net yield (ROI)

Up to 12% p.a.

Technology comparison

The main unique selling points of the HTCW technology are the facts that it can handle all types of waste without pre-sorting, and converts the waste into valuable products without producing harmful emissions. As this includes even hazardous wastes, we cannot speak of competitors, as other waste treatment technologies can either not convert all types of waste, or require a certain pre-treatment of the waste (as for example shredding), or are not able to destroy the harmful substances within the waste. The HTCW technology is especially useful for those types of wastes that other waste treatment technologies cannot handle at all, or not without emitting harmful substances. Nevertheless we will have a look at the common waste treatment technologies in use in comparison to the HTCW technology:

Criterion Mechanical Biological

Treatment (MBT)

Incineration High Temperature

Gasification

(HTCW)

Efficiency high 4 low 2 high 4

Dimensions

(machines,

piping...)

Medium; pits, biological 3 Big, due to big amounts of exhaust gases

2 small; because of use of O2

5

Suitability for

hazardous

wastes

harmful substances are not destroyed

1 harmful substances are not completely destroyed

3 harmful substances are destroyed through high temperatures

5

time

necessary for

treatment

High; through biological processes

2 low 5 low 5

Heavy metal

sinks

none 1 ash 2 cast iron; mineral slag

4

Utilization of

products

Biogas, Recycling 4 waste heat 1 Raw gas; cast iron; mineral slag

5

Residues Minerals 3 ash; dusts 3 dusts 4

Evaluation

total:

18 18 32

Evaluation: 1 to 5; 1 = bad 5 = very good

Development partners and Constructor

Gate HTCW Holding AG (Switzerland) in cooperation with a German engineering company and two German constructor companies (EPC contract is in place):

All the patents, trademarks and companies that can build HTCW Plants are owned by the KBI Group. Here the inventors, engineers and technicians, that have all the specialist know-how to build such plants, are employed.

The centre of the group is the "Waste & Energy Solutions GmbH" that acts as general contractor for the planning and construction of the HTCW Plants and is the party to the contract for the construction of HTCW Plants.

The foundation is made up by the two companies "Stahl- und Anlagenbau Kambachsmühle GmbH" (SAB) and "Industrieanlagenbau Arnstadt GmbH" (IAA) where the main components of the plants are being manufactured. As to plant construction, the SAB with its chief engineer Dr. Tischer does have decades of experience, for example:

▪ the planning and building of the R&D HTCW plant in Arnstadt ▪ A hydrogen generation plant in Malaysia in 2006 ▪ Incinerators for nuclear power stations for RWE Nukem

GmbH Alzenau ▪ Several projects for Babcock Borsig Power Environment

GmbH, Würzburg (boiler components, cyclones, filter units,

silos, steel construction etc.) ▪ Exhaust gas plants for MVV RHE AG Mannheim ▪ More references can be seen at www.SAB-gmbh.biz

References

Pilot installation in Arnstadt / Germany Project at 3 locations in Poland

http://www.sab-gmbh.biz/

3. Oceanic Water Treatment Systems

Bad Homburg v.d.H., 25 December 2008

Table of contents:

• About our development partner Oceanic

• Oceanic water treatment process

• The steps

• Economic data

Oceanic Inc.

• 1990 Foundation in Frankfurt/Germany

• Former Wieser 3G-Group

• Main business: Environmental technology, recycling of water and ground Economic data

• Address: OCEANIC INC.

Im Triborn 8

60388 Frankfurt / Germany

phone:

fax:

email:

0049-61095098 -72

0049-61095098 -73

[email protected]

• Business: Production of drinking water - with unique water vitalization process

• Scope: Consulting, development, engineering, production and commissioning of water desalination plants.

• CEO: Mr. Heinz Born

Oceanic water treatment process

Purpose:

• Production of drinking water from sea water by

• keeping / enforcing the natural health character of the water!

mailto:[email protected]

feed product

ultra filtration electro dialysis activation or

vitalization

sea water drinking water

ECA

smaller kolloides macro

Step 1: Ultra filtration

Ions proteins virus organic

components

turbidity molecules oil bacteria particles

Reverse osmosis

Nanofiltration

Ultra filtration

Micro filtration

Size

<0,001 µm

0,01 – 0,001 µm

0,1 – 0,01 µm

> 0,1 µm

Mol.weight

<100 Da

100 – 1000 Da

1000–00.000Da

> 500.000 Da

Oceanic water treatment process


the suspended solids

removing

backwashing

with permeate at p < 2 bar

suspended solids

permeate

filtration at

TMP ~ 0.4 bar

membrane: hollow fiber

filtration

concentrate

backwashing

feed feed


capacity = 2 * 28 m3/h


concentrate recirculation

C A C A C -

-

+

anode

- -

- -

-

- -

- -

+

+ +

+

+ +

+ +

+

- -

- -

-

- -

- -

+ +

+ +

+ +

+

+ +

- -

- -

-

- -

- -

cathode

capacity = 55 m3/h

Step 2: Electrodialysis

inlet / feed (Diluat)

diluate

A : anion exchange membrane C: cation exchange membrane concentrate


- -

- -

-

- -

- -

-

- -

- -

-

- -

- -

-

feed : sea water

MC A MC A C

-

cathode

+

+ +

+

+ +

+ +

+

- -

- -

-

- -

- -

-

+

+ +

+

+ +

+ +

+

+

anode

product: drinking water concentrate

MC A

-

- -

-

- -

- -

-

-

+ +

+ +

+

+ +

+ +

-

cathode

MC A

- -

-

- -

- -

- -

-

+

+ +

+ +

+

+ +

+

Electrodialysis with monoselective membranes

concentrate recirculation

MC : monoselective cationen exchange membrane NaCl


Electrodialysis reversal (EDR)

feed : sea water

feed : sea water feed : sea water

cathode

- +

anode

+

anode

concentrate concentrate

concentrate


Advantages of electrodialysis:

• Only ions pass the membrane –> natural character of the water is preserved

• Mainly NaCl is removed (monoselective membranes) –> no remineralisation necessary (Ca, Mg), pure concentrate (NaCl)

• Cleaning by reversed polarity possible (EDR) –> no chemicals needed



client

installation

start-up

capacity

membrane area

max. current

max. voltage

: ThyssenKrupp Nirosta

: Dillenburg / Germany

: Dezember 2004

: 3 - 6 m³/h

: 8 * 85 m²

: 3 * 120 A

: 85 V

max. electrical power : 245 kW


client

installation

start-up

capacity

membrane area

max. current

max. voltage

: Outokumpu Stainless

: Nyby/ Schweden

: December 2001

: 1 - 3 m³/h

: 6 * 85 m²

: 3 * 120 A

: 85 V

max. electrical power : 183 kW

Step 3: Activation / Vitalization

Japan, lake Fujiwara Paris, France – tap water

Source : Masaru Emoto – Die Botschaft des Wassers


Basics

• water has a memory (formation of micro clusters - Dr. Lee H. Lorenzen)

• water is able to store information

• the information can be transferred to the water by

• Electromagnetic fields

• Light (example Japanese moon water) • Movement (kinetic energy)

• Contact with substances (Grander® Technology) • Sound

• Mental power (prayers)

desinfectant

detergent

diaphragm

HOCl NaOH

+

anode

NaOCl

Cl2 HCl

H2O2

O3

O

H

OH-

2 -

cathode 2

H+ OH-

Energy consumption water treatment :

•Electrodialysis: •Ultrafiltration:

•ECA: •Feed pumps :

•Vitalizing :

Overall : 55 kWh/m3

50 kWh/m3

1,5 kWh/m3

< 1 kWh/m3

< 1 kWh/m3

< 1 kWh/m3

(approx. 920 kW for 400 m3/d)


ECA

Electrochemical activation

desinfectant :

• kills bacteria, viruses, salmonella,

pseudomonas, E.Coli,……….

• removes biofilms

• no toxic byproducts

• no transport or storage problems

• easy and safe storage

NaCl – solution (3 – 10%)

Economical data

Energy consumption filling station:

• Filling station (bottles) : 350 kW • Air condition: 50 kW

Overall : 400 kW

400 kW * 24 h = 9600 kWh/400 m3 = 24 kWh/m3

Energy consumption overall (400 m3 /d):

• water treatment: 55 kWh/m3

• filling station: 24 kWh/m3

Overall: approx. 80 kWh/m3

With 0,1 Euro/kWh -> 8 Euro/m3 -> 0,008 Euro/l

Energy costs approx. 1 cent/l !

Biomass Power Plants Gate2Energy Combined heat and power station containing of:

• Boiler plant with feed rust firing for solid fuels Steam power 25 -30 t/h Hot steam pressure 60 bar (a) Hot steam temperature 430 °C Source water temperature 105 ...120 °C

• Fresh air blower and air ducts • Dust extracting installation • Flue gas blower and flue gas channels • Double coat steel fire-place • Steam turbine

Number of turbines 1 Electrical power approx. 6,2 MW

Extraction pressure approx. 2,5 –4,0 bar, controlled Condenser pressure approx. 0,15 bar

• Peripherals, tubes etc.

4. Biomass Power Plants by Gate2Energy GmbH

(Gate2Energy GmbH is a 100% daughter company of ReGate AG)

Techniq

ues

Power plant

Natural

biomass

Conditioning (e.g. Pellets)

Agriculture

Furniture

industry

Electricity Forest

Steam &

heat

Fuel

contracting

Food

industry

Other

power

plants

Biomass Power Plants Gate2Energy

Input Production Output


Total revenues

Total costs (without lease or financing fee) 10.836.716

Operative Results total

Operative Results related to Revenues (EBITDA)

5.065.000

31,85%

EBITDA Yield related to Investment 21,71%

Investment 23,3 Mio. €

15.901.716

P&

L

Multi fu

el concept


Wittenberge

Andernach

Stockstadt

Mainz-Budenheim


Location Wittenberge

Witte

nberg

e

Pla

nts

ready t

o g

o


Location parameters evaluation for Wittenberge:

Land & permission

• Written offer from local municipality

• Exemption from Brownfields given by municipality

• Feeding point with minimum 10 MW exists

• Space: ca. 30.000 m2 (total free 12 ha)

• Price: 10 €/m2

• Permission: displayed as industrial area



Input

• FBG M üller

- LOI exists for 50.000 tons, 20 years, 50€/t 2y - 200.000 solid meters wood production p.a.

- turn over p.a. not announced

• HPC Group

- LOI exists for 800.000 tons p.a., 20 years, 56€/t


• Staatliche Forstbetriebe Perleberg

- commitment exists for 30.000 t p.a.

- securities from Gate2Energy open - details t.b.d.

• Klenk Holz AG - LOI exists for up to 150.000 tons p.a. á 50 €/t - supply from factory in Baruth, near Berlin - turn over 0,5 billion € p.a.

Location Input Heat sink Output pellets Total


Witte

nberg

e

Witte

nberg

e

1



Output steam – strongly supported by mayor's admin

• Axima GmbH (Suez group)

- energy contractor of municipality - supply commercial area north of location (15 ha)

- turn over 47,5 billion € p.a. (Suez group)

• Prignitzer Chemie

- need steam for oleo-chemical production


• Biodiesel Wittenberge GmbH - production of 25.000 t p.a.


Output pellets

• Energy E2 A/S Denmark

- LOI for 100.000 tons p.a. exists, terms t.b.d. - Daughter of Dong Energy A/S

- turn over of 5,6 billion € p.a.


Location Andernach


4x

2

3

Andern

ach

Witte

nberg

e

Biomass Power Plants

Location parameters evaluation for Andernach:

Land & permission

• offered from Stadtwerke Andernach GmbH as port

authority

• Exemption from Brownfields open


• Space: ca. 30.000 m2

• Price: t.b.d.


• Footprint ordered from county admin Mayn, but

open

Biomass Power Plants

Location parameters evaluation for Andernach :

Input

• Myllykoski group

- LOI exists for 250.000 tons, 20 years, 50€/t 3y - supply from factory in Hürth

- turn over 1,5 billion € p.a.

• Forest administration of Hessia

- talks on-going; securities from Gate2Energy open - up to 50.000 tons p.a. possible

• DB AG - LOI exists without details - difficult internal decision process to handle

- turn over 31 billion € p.a.

• Aristocracy - Duke of Saxony -Meiningen, Prince of Westphalia




Andern

ach

Andern

ach


Location parameters evaluation for Andernach:

Output steam

• Rasselstein GmbH (ThyssenKrupp group)

- the only German tinplate manufacturer - daughter company of ThyssenKrupp Steel AG


• Brohlburg Kunststoff- und Kaschierwerke e.K.

- produces insulating boards (Styropor)

- turn over p.a. not announced, 150 employees

• MASA AG - engine production for building industry

- turn over p.a. not announced, 600 employees

Output pellets

• E.on Benelux in Rotterdam

- committed for 60.000 tons p.a., terms t.b.d. - turn over of 69 billion € p.a.


3x


Location Stockstadt

Andern

ach

Sto

cksta

dt

N


Location parameters evaluation for Stockstadt:

Land & permission

• Written offer from owner

• Exemption from Brownfields clear


• Space: ca. 30.000 m2 (of 12,5 ha)

• Price: 15 €/m2



Location parameters evaluation for Stockstadt :

Input

• Aristocracy - Duke of Saxony -Meiningen, Prince of Westphalia




• DB AG

- LOI exists without details - difficult internal decision process to handle - turn over 31 billion € p.a.

• Klenk Holz AG - LOI exists for up to 150.000 tons p.a. á 50 €/t - supply from factory in Bavaria




Sto

cksta

dt

Sto

cksta

dt


Location parameters evaluation for Stockstadt:

Output steam

• M- real Stockstadt GmbH - produces coated and uncoated fine papers - M-real plc. noticed at stock exchange in Helsinki - turn over 4,4 billion € p.a.

• SCA Packaging

- produces corrugated papers and boards - SCA plc. noticed at stock exchange in Stockholm


• Pollmeier Massivholz GmbH & Co. KG Aschaffenburg - hardwood sawmills with steaming & drying unit - has a project for a own biomass power plant - turn over p.a. not announced

Output pellets

• LOI from CPA to be discussed


2x


Location Mainz

Main

z

Sto

cksta

dt


Location parameters evaluation for Mainz- Budenheim:

Land & permission

• Talks with owner CFB (CEO Dr. Schaub) ongoing

• Break down of former glass factory runs

• Exemption from Brownfields open

• Surface sealing likely to be necessary


• Space: ca. 30.000 m2

• Price: t.b.d.



Location parameters evaluation for Mainz- Budenheim :

Input


- talks on-going - up to 50.000 tons p.a. possible

• HPC Group

- LOI exists for 800.000 tons p.a., 20 years, 56€/t - turn over p.a. not announced

• DB AG

- LOI exists without details - difficult internal decision process to handle - turn over 31 billion € p.a.



Main

z

Main

z


Location parameters evaluation for Mainz- Budenheim:

Output steam

• Chemische Fabrik Budenheim

- produces phosphates - turn over 1,5 billion € p.a. (Dr. Oetker group)

• BeriCap Group

- plastics producer

- turn over 437 Mio. € p.a.

• Public utility company Mainz - 100% owned by the town Mainz

- turn over 250 Mio. € p.a.

Output pellets

• LOI from CPA to be discussed


Status overview:

• Wittenberge

• Andernach

• Stockstadt

• Mainz


2x


2x


2x

1

Main

z

Pla

nts

ready t

o g

o


4x

Location

Input

Heat sink

Output pellets

Total

3x

5. Wind mill parks

Project Romania.

Project status: planning finished, electricity in-feeding agreed, project ready to go

Possible start of construction

Developer: German Development Company

Ground space: 9 ha leased for 25 years

3.000 €/ha p.a.

Ø wind speed on-site: 7 – 8,5 m/s

Wind mills: 50 x 1,5 MW (see appendix), already ordered

Network access: 4 km away

Investment: 2,3 Mio. € per wind mill = total: 115 Mio. €

Income per wind mill: electricity in-feeding 1,5 MWp -> 3.750 MWh p.a. Romanian EEG law price: 85 €/MWh -> 318.750 € p.a.

Approx. costs per wind mill: Ground space lease 1.000 € p.a.

Insurance 8.000 € p.a. Maintenance contract 16.000 € p.a.

25.000 € p.a.

Profit: 293.750 € p.a. per wind mill -> total 14,6875 Mio. € p.a.

ROI: 12,77% or a factor of 7,83

Existing park in East Germany – 13 yrs. old.

Location: 45 km east of Erfurt, 125 km south west of Leipzig

Start of Operations: January 2003

Techniques: 8 x 1,5 MW effective power type MD 70 of OEM RePower = 12 MW total Hub height 85 m, rotor diameter 70 m

Wind harvest area of 3848 sqm per wind mill

In-feeding fee: EEG subsidized 9 ct. per kW till end of 2022

Production: 20.314.115 kWh/a for the park on base of a 6 years real production average

Income: 1.828.270,30 € p.a. for the total park

Costs: 505.928,40 € p.a. for the total park incl. 10% income security discount,

insurance, maintenance, admin, ground lease hold, tax lawyer etc.

EBITDA: 1.322.341,90 € p.a. for the total park

Investment: 14.000.000 € for the total park as base for negotiations

Yield: 9,45 % double net

Miscellaneous: no EU subsidies had been use for construction

This document is for information purposes only. It does not constitute an offer or a solicitation for an

offer of securities, real estate, shares of company or other capital investment. Assessments and

projections are based on publicly available information which we consider reliable. However, we do not

guarantee and do not assume any legal responsibility for the completeness and correctness of the

information provided.

6. Photovoltaically active polymer plastics

confitential 1

Business Plan Summary

Abstract

Company solar evolution systems gmbh

Establishment registered in April 2007 as a GmbH (LLC.)

Company Purpose development and the following production and marketing of a photovoltaic film and its applications based on polymer plastics

Industry renewable energy / nanotechnology

Field photovoltaic / solar cells

Basic Material specialized polymer plastic (instead of silicon) own registered trademark: Nanopolytech®

Efficiency intermediate-term: 20-25%, long-term potential

>40% (in comparison: silicon 10-16%)

Material character super thin, fully flexible, light, environmental

resistant

Production cost <<0,50 Euro/ Wattpeak

(approx. 1/5 the cost of the silicon technology)

Production process roll-to-roll -> fast & easy production

Innovation unique work-principle with future oriented, evolutionary technology

Patents world patent pending (at European Patent Office)

Products on grid applications as solar modules and solar power- fields. Innovative applications, for example: Coated window-panes, sun-blinds, high-rise-facades, tents, portable solar-mats and for hybrid-car-technologies

Target markets boom markets with a long-term of >30% increase p.a.

New markets in countries also without the EEG (Renewable-Energy-Law), since Nanopolytech® is also economically profitable without subsidies

Due Diligence technical and economic Due Diligence audit by the

Development Bank Of Saxony SAB – subsidy bank – with notification of grant of the highest rate

Feasibility proven in three US-American Proofs-Of-Principle

(Texas A&M University, CIA, US Air Force) feasibility paper from the renowned German polymer research specialist Polymaterials AG and furthermore, newest own development results

Development time approx. 3 years until commercial marketing

Financial development: 7.5 million Euros (10 mill.) risk capital requirements total sum incl. production: 87.5 million Euros

(worst case: 100 million Euros)

Subsidies govt. grants possible

7th

year 280 employees

Strategic partners renowned research and development institutes from the

field of electronic and photovoltaic polymers, polymer production, furthermore specialized machine building and engineering companies (Polymaterials AG, TITK Thuringian Institute of Textile and Plastics Research, Brückner Engineering, Bayer AG etc.)

Benefits/Opportunities participation in the profits of a company with a potential mid-term value of more than a billion US$, development of new energy markets worldwide, significant contribution to the climate protection, explicit increase of the energy import-independence of the western states, prestige company for state, country and investors

confitential 2

Turnover and earnings forecast

production year 1

turnover (mill.€) 137

earnings (mill.€) 40

2 383 126

3 870 568

4 2.482 1.627

Employment Development-Phase 1st

- 3rd

year 22 employees

and Jobs Production-Phase 4th

year 140 employees

Abstract Of The Business Plan

solar evolution systems gmbh (SES) is engaged with the development and

the following production and marketing of a photovoltaic film and its

applications based on polymer plastics. For the financing of this project

strategic investors are being searched for.

Introduction

Worldwide research is in progress for alternatives to the existing solar cell

technologies, since these products commonly use the raw material silicon which is

problematic: With silicon, only low efficiencies, currently 10-16% are being achieved.

Further, the production of these solar cells is very energy and time-consuming, which

causes scarcity and a negative energy-balance, which is forth taken into the 6th

year

of its use and is on the other hand very expensive, so that these technologies

become economic only through governmental subsidies. Various new companies are

currently working on the development of organic photovoltaic plastic films and will

enter the market soon1. However due to their limited technological approach, they will

only be able to offer a partial solution to the silicon problem. For these new organic

cells the production costs will decline considerably, nevertheless, neither the

efficiencies with approx 5 - 10%, nor the long-time durability of approx. 5 years will be

close to the current specifications of silicon based technologies.

Active Principle

the basis of a special active principle: Light or photons are being polarized while

passing through extremely dense parallel rectifying antenna arrays. Through this the

photons energy vector is divided into two energy components, which on a nano-scale

are absorbed by the antennas and are then transferred from antenna to antenna, to be

then transferred to the electrodes. The antennas are nano-sized and in this way

correspond ideally with the wavelengths of light, as for example a radio antenna from a

car corresponds ideally with radio-waves. On 1cm2

Nanopolytech®-film has

approximately 10 quadrillion antennas, which have a distribution of lengths, to not only

absorb the entire visible light spectrum, but to be able to also absorb the adjoining

ultraviolet and infrared light. Thereby and through the specific form of the light-energy-

organization (through polarisation) and energy-absorbance (through nano-antennas,

also called quantum wells at this nano-scale) are - in comparison to all other methods-

unrivalled in the high efficiencies that are achievable. SES’ technology will by far

surpass efficiencies of the currently used methods (midterm, approx. 2 - 3 years, over

20%, long term over 40%).

The manufacturing process in the so called roll to roll method is relatively simple and

highly productive, and the production cost will be significantly under 0.50 €/Wp in the

mid-term and will be only 1/5 of the cost of current technologies.

SES’ Nanopolytech®, on the basis of Nanotechnology is the solution. Nanopolytech® is

a novel, thin and flexible photovoltaic film made from polymer plastic, which works on

1 For this the company called Nanosolar is currently establishing a production-facility of 60.000 qm

2

in Brandenburg - East Germany, for the production of their photovoltaic films with an efficiency of approx. 10%.

confitential 3

V5 ® solar evolution systems gmbh, Munich, Germany 2008 confitential 4

Products Patents

Due to its unique characteristics – thin, flexible and light, Nanopolytech® will find usage

over the current and common applications of solar-cells (for example solar-modules on

the roofs of houses and solar power fields) in further various, innovative applications.

For this, electrical-energy can also be generated from coated window-panes, sun-blinds,

high-rise-facades, tents, portable solar-mats and even in hybrid-cars. Applied on the roof

of a house, 8 - 10 m2

of Nanopolytech® (installed as a solar-module), with an efficiency

of 35% would be sufficient, to supply a family of four all year-round with enough energy.

Planned Applications

Based on the advanced R&D results, in June 2007 SES filed a patent at the German

brand and patent office, in June 2008 a world patent (PCT) at the European brand and

patent office for Nanopolytech®.

Due Diligence

In July 2008 SES received the official notification by the SAB Saxony Development

Bank of getting government grants after a nine months technical and economic Due

Diligence audit. Based on the support guidelines of the Saxon State Ministry of

Economic Affairs and Employment, SES got the notification of non refundable

subsidies in the amount of 65% of the eligible costs. This concerns at first the

development phase 1 and stands for a subsidy ratio of nominal 18 – 20% relating to all

emerging development costs.

Furthermore, for this technology various scientific studies and expert reports are available.

This includes not only a current feasibility paper from one of the leading polymer-research-

companies of Germany, the Polymaterials AG, which evaluated the venture “as overall

promising”, but further also three “Proofs-Of-Concept“ from the year 1996 by the US Air

Force, Dept. Air Base Energy Systems, the American CIA and the Texas A&M University,

which altogether have proven the functionality of Nanopolytech® through lab experiments.

confitential 5

Stage of Development

The efficiency which was measured in the proofs-of-principle was 0.2%. However, due to

various own developmental research insights, especially those from the last 36 months,

as well as the general technological progress overall, it was possible that our scientific

team was able to develop not only new development methods, but in addition to that also

new and better materials, which are now available, to make a fast and significant increase

of the efficiencies very probable. This includes new electrode structures, which will help to

considerably reduce the resistance (to a hundredth (!) of the resistance of the original

materials used), as well as new chemical conversion processes, which will increase the

conductivity of the material by far. At this current stage, the immediate goal is to

implement these new insights and materials under a suitable infrastructure under lab

conditions in a clean room. Due to a current statement from Polymaterials AG it may be

possible in this stadium, to create efficiency in a two digit area, which would already be a

significant breakthrough in the field of organic photovoltaic.

Based on the results and potentials, SES expects the following milestones in the Figure above: Lab-Machine and Film-Production

development of Nanopolytech®:

12 Months 18 – 24 Months 36 – 48 Months longterm Figure above: Lab-Sample of the completed Nanopolytech®-film

confitential 6

Production- and Marketingphase

Development Team Markets

The Nanopolytech technology is based on an invention of Dr. Alvin Marks2, a

renowned and experienced US-American scientist and inventor. The chief scientist of

SES worked for many years on this technology together with Dr. Marks, before he

then continued his research & development independently with his team at the

University of Maine. He is co-founder and also co-owner of SES and will soon re-

locate with his university development team to Germany, to continue his research &

development work, together with German colleges, experienced engineers and

polymer-experts.

The two directing managers of the SES are experienced Masters of Business

Administration and have been working together for many years. They have long term

practical experience in the successful establishment of Start-Up companies, as well as in

project management, sales & marketing. The company-founders of SES have externally

created a substantial network with specialists in all relevant fields of polymer-chemicals,

machine-building, as well as the financial management and legal issues, in order to

achieve the fastest possible results under ideal conditions, to secure the success of the

company. After incorporating solar evolution systems gmbh (similar company-form to an

American LLC) in April 2007 as well as the filing of the German patent in June 2007 and

world patent in June 2008, the company founders are mainly focussed on the financing

on the now upcoming product-development.

2

Dr. Marks was a successful scientist and inventor in the fields of energy, optics and environmental-technologies, who currently holds 122 patents. Dr. Marks has laid the foundation for today’s LCD- Technology as well as the 3-D Film-Technology with his various scientific pioneer achievements.

solar evolution systems gmbh operates in the photovoltaic market in one of the

boom markets of the present and future. In the recent years a rapid growth was

recorded (2007: EU +44%, Germany >+50%; Market-Volume 2007 in Germany:

> 7 billion Euros (2005: 3 billion Euros)), which is expected to be also on a long-

term in the range of 30%, annually. Recent political events, like the voluntary

self obligation of the EU-States, to generate 20% of their energy demand

completely from renewable energies, till the year 2020, support and propel the

market growth. In addition, with Nanopolytech® it will be possible, to conquer

new countries and therefore markets, in which no renewable-energy laws exist.

Therefore Nanopolytech® will be economically profitable also without

governmental subsidies due to its inexpensive production costs.

Employment and Jobs

As a further and substantial goal of the founders, it is to assist in the creation of new

employment in Germany and in Maine in one of the most promising future-branches of

a relatively new industry. In direct jobs, currently the following numbers can be

calculated:

R&D-Phase

Number of direct jobs on the estimated timeline

Furthermore SES will create thousands of jobs in adjacent industries and service

oriented sectors. For example in the branch of solar-module-producers, further small

trade (roofers, heating-companies, solarists (solar-sales-people) etc.).

Year 1 2 3 1 2 3 4 5 6 7

Employees 20 22 22 60 85 100 140 180 220 280

confitential 8

Use of Financial Means Production-, Turnover- and Profit-Forecast

The planned use of the financial means is shown in its single positions as follows:

R&D Preproduction+Production

When reaching the forecasted goals, due to the technical and economic

uniqueness of Nanopolytech® in the strong growing photovoltaic market,

production- and turnover figures3

can be achieved, which can bring SES

already 5 years after its market launch into the field of the market leader with its

own brand product4.

Due to the low production costs of the Nanopolytech®-Film and its various

areas of application, it would already be possible to market the film profitably

with an efficiency of only 8%. For this reason the basic financial success of the

investment is independent from the expected high efficiencies.

The main part of the costs emerges in the personnel department since the

development is very people-intensive, and in the area of investments for the

needed infrastructure. The overhead costs also include one-time costs like e.g.

capital finder’s fees.

The high investment costs in the production preparation phase consist primary of

production machine costs and infrastructure costs.

The ongoing investment costs in phase 4 emerge from the expansion of the

production capacities, the production costs from the first years relative high

output.

3uDe to the lack of space, at this point it must be referred to the detailed business plan, in regard of the strategic marketing concept of Nanopolytech®. 4sAa comparison: The solar-cell producer Q-Cells AG had already in its 7

th year after its

marketing launch a turnover of approx. 860 mill. € in sales in the year 2007, and further a stock exchange value of approx. 4.8 billion Euros.

Develop. Developm. Production Production

Kostenart Phase 1 Phase 2 Prep.Phase3 Phase 4

Investment costs 1,3 0,7 63,2 37,7

Personnel costs 1,3 1,5 1,5 5,2

Running costs R&D

0,4

0,7

1,5

0,8

Marketing costs 0,0 0,0 11,2 3,6

Overhead costs 0,9 0,6 0,5 1,6

Production costs 48,0

Reserves 0,1 0,0 2,1

Total 4,0 3,5 80,0 96,9

Phase Year Efficiency Production Output Turnover Costs Profit*

Quantity (m2) (MWp) (Mill. €) (Mill. €) (Mill. €)

1 1 - - - 4,0 -4,0

2 2 - - - 3,5 -3,5

3 3 - - - 80 -80

4 4 18% 633.600 114 137 97 40

4 5 21% 1.520.640 319 383 257 126

4 6 25% 2.882.880 721 870 302 568

4 7 29% 7.096.320 2.058 2.482 855 1.627

4 8 33% 12.545.280 4.140 4.982 1.384 3.597

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