gold coast investor presentation
DESCRIPTION
Gold Coast Investor PresentationTRANSCRIPT
Conventional solar PV panels are ugly Solar Panels change the visual iconic
architecture, altering historical preservation, culture, and tradition
Which causes resistance to adoption where most needed – near grid
THE PROBLEM WE ADDRESS.
October 2011 2
Millions of Red Spanish Tile Roofs Conventional Solar panels Colored Stylish Solar PanelsTM
OUR SOLUTION: Stylish Solar Panels™
3October 2011
Beautiful colored solar panels and products
Compliment and accent architecture Address the needs of discriminating building
owners, architects and developers Pioneer the building envelop as power generator
– the next frontier of solar PV
Taha Qirbi, P Engr., Strategic technical advisor Fulbright scholar electrical engineering Consultative sales engineer
Waleed Qirbi, MBA Strategic business advisor Serial Entrepreneur
EXECUTIVE MANAGEMENT TEAM CEO/Founder Privately financed LLC Designed and engineered
1st commerical flat plate colored Stylish Solar Panels™
Serial EntrepreneurMichael Mrozek
David Lantrip, Ph.D., P.E. Consultative executive coaching Serial Entrepreneur
Ventura Ventures Technical Incubator
City of Ventura and the Ventura Chamber of Commerce
Resources, community networking SBDC mentoring
HASN’T THIS BEEN DONE ALREADY?
5October 2011
No major competitor - “too small” niche Pioneer in commercializing of colored solar panel technology
Strategic partnerships with industry to build product awareness and market demand
HASN’T THIS BEEN DONE ALREADY?HASN’T THIS BEEN DONE ALREADY?HASN’T THIS BEEN DONE ALREADY?
"In 30 years working here at NREL I have never done testing on a colored solar panel"
Steve RummelNational Center for Photovoltaics
Cell & Module Measurement Team
We have never seen anything like it, and comparably efficient”
UL Module Certification Team
Proudly an American innovation, and
Stylish panels and Accent products will blend with existing & enhance new architecture
Proven supply chain Can support small and large applications –
including custom products Complimentary to conventional panel orders
with same suppliers
KEY BENEFITS WE OFFER:
6October 2011
Well-defined premium niche in growing $900Mn California market
Obvious, unaddressed need for stylish solar products
Market validated by distributor interest & orders
Multi-level revenue model, with higher margins Focus on supply chain competitive advantages
non-conventional processes, high quality, custom, continuous product innovation
WHY IS THIS GOOD BUSINESS?
7October 2011
YEAR 5: GROSS REVENUE BY PRODUCT
8
Colored Panels - $50.7MSolar Awnings - $16.6MCustom - $15.8M
TOTALTOTAL $83.1M$83.1M
October 2011
ACCOMPLISHMENTS
10
Seed funding ($175K) – 2009-Present Strategic partners established – Jun 2010 Solar Power International – Oct 2010 1st solar panel orders delivered – Jan 2011 1st solar awning orders delivered – Nov 2011 DOE/NREL NCAP agreement – May 2011 NREL tested, prototypes proven – July 2011 NREL CRADA partnership – Nov 2011
October 2011
MILESTONES & TIMELINE
11
Deliver 1st high-efficiency panels – Dec 2011 Add 1 new product to offering by Jan 2012 1st major contract (10 homes) – Feb 2012 2nd major contract (20 homes) – May 2012 3rd major contract (50 homes) – Aug 2012 4th major contract (100 homes) – Nov 2012
October 2011
WHAT WE NEED AND WHY?
12
Incremental funding starting at $400K Remove NRTL certification barrier to entry Hire sales & business development team to reach more architects,
developers, & government procurement officers Match NREL investments in product
co-development Remain cash flow positive in Year 1 6x ROI in <5 years (2M payback)6x ROI in <5 years (2M payback) 6th year potential exit strategy – M & A
October 2011