Advanced Nanotechnologies for Energy Conservationand Performance Enhancements

IR Dynamics, Albuquerque, New Mexico October 10, 2017

James Satterwhite, CEOCell:+ 1- 617-794-5485

Dr. Paul Clem, Senior Scientist

▪ Goal: Meaningfully and affordably Increase the energy efficiency of existing single pane window stock in USA (~10 Billion sq. ft.)

▪ Problem: Loss through single pane windows, 1.2 Quads/year, ~ $85 Billion waste, 150M tons CO2Current retrofit solutions either don’t work or are too costly

▪ Solution: Low cost, energy efficient retrofit window films that reducethermal conductivity and dynamically control solar heat gain

▪ Revenue potential: $500MM over 10 years

▪ Customer: Window film manufacturing and distribution companies

▪ Other Markets: additional markets are emerging for IRD technology

▪ Films for retrofit to double glass facades▪ Residential & Commercial Glass Coatings▪ Architectural membranes ▪ Industrial and Automotive Coatings

▪ Polymers – Fibers, glazings etc.▪ Performance Apparel▪ Automotive Glass▪ Personal Safety

▪ Competition: Few competitors currently on the market, static Low-E films (best in Southern climate zones). Future, electrochromic technologies (expensive, complicated to install)

• New Product: Very Smart Insulating Window FilmDynamically controlling IR transmission and manipulating thermal conductivity of the glass simultaneously.

• Development Partner/ Customer: Window film customer, ~$60MM / year aftermarket films, 60% direct, 30% distributors, 10% big-box applicators, ~20,000 network installers in US

▪ Product on the market: Dynamic-insulating window films will be on the market in 2019

Dynamic-insulating window film

▪ True Advancement: Combination of Dynamic IR Rejection (VO2 nanoparticle) and Ultra-thin Thermal Insulation (Clay Nanolaminates) Inexpensive < 5 year customer ROI, thermally triggered, no wiring needed

▪ Development Phase: Material integration trials and performance testing, VO2 and Clay Nanolaminates

▪ IP Portfolio: Product Patents Pending, IP Licenses from SNL, IP growing as development continues. Material processing and integration held as Trade Secrets.

▪ Technology Development: Continues with help from Sandia National Labs (SNL) and The Center for Integrated Nanotechnologies (CINT)

▪ Real Industry Interest: Expanding interest in energy conservation products. Strong marketability for dynamic IR rejection and transparent thermal insulation

▪ Funding: Raised $950k Private Equity Funding to date, seeking Seed Round #2 raise of $2MM. $450k to date. Will bring us to revenues and pilot manufacturing start up

▪ Channel Partner Business Model: Produce nanomaterials, develop material integration, license technology, supply materials and share in value creation revenues for finished products.

▪ Next Steps: A-Round funding to scale business resources/infrastructure and production. Advance expanding integration for catalog of applications and revenue generation.

Madison Hart, Klaus Kunze and Sarah Qureshy, IRD