All Electric, All the Time 25+ Employees With Wireless Charging - PowerPoint PPT Presentation

10/3/2014 WAVE | At a Glance Delivering Commercial Product • $7+M in Commercial Contracts Initial Focus on Heavy Duty Vehicles • En-route charging enables commercial use Proven Management & Technology Team All Electric, All the Time • 25+ Employees With Wireless Charging ITS World Congress 1 WAVE Confidential & Proprietary – Do Not Distribute 2 WAVE Confidential & Proprietary – Do Not Distribute All-Electric Transportation | Market Viability? The Solution | Wireless Power Transfer (WPT) Limited Range & Anxiety Heavy & Expensive Batteries Electric Grid Wireless Charger Vehicle WAVE Technology:  Safe charging through road and all-weather conditions  Simple and cost effective  Smaller battery packs and unlimited range  Batteries charged "on the go" throughout route Ugly & Expensive Infrastructure Impractical  Elegant Infrastructure – no cables or overhead wires 3 WAVE Confidential & Proprietary – Do Not Distribute 4 WAVE Confidential & Proprietary – Do Not Distribute 1

10/3/2014 Market Creation | Creating New Markets for EVs WAVE’s WPT | The Technology Wireless En Route Charging Enables Applications & • 7.4” Air Gap, 10.5” Magnetic Gap • Third Party Certification that it meets ICNIRP Markets That Do Not Exist Today Guidelines and ISO/ANSI 14117 Standards (medical devices) Output Magnetic Field Power to Input Vehicle Power from Grid Current 5 WAVE Confidential & Proprietary – Do Not Distribute 6 WAVE Confidential & Proprietary – Do Not Distribute WAVE’s WPT | A Typical Duty Cycle Opportunity Charging | Daily Charging ① Vehicle Receives Full Charge Each Night ② Batteries Drained as Vehicle Drives Route EV vs. EV with WAVE 100 90 80 Charge Level % 70 60 50 ③ Vehicle Recharges Wirelessly Throughout Day ④ Vehicle Has Limitless Range 40 30 20 Extended Operating Time Extended Operating Time 10 0 7:00 7:50 8:00 8:50 9:00 9:50 10:00 10:50 11:00 11:50 12:00 12:50 13:00 13:50 14:00 14:50 15:00 15:50 16:00 16:50 17:00 17:50 18:00 18:50 19:00 19:50 20:00 20:50 21:00 7 WAVE Confidential & Proprietary – Do Not Distribute 8 WAVE Confidential & Proprietary – Do Not Distribute 2

10/3/2014 Electric Bus Ranges | With WAVE Traction in Transit | Four Commercial Deployments Electric Ranges with WAVE Range Extender™ 260 240 220 200 180 Miles 160 58 58 Airport Route 140 Urban Route 120 53 53 100 60 80 60 113 108 84 87 40 73 20   $7.1M in awarded contracts Variable route lengths 0 OEM A OEM B OEM C OEM D OEM E   Multiple vehicle platforms High-profile locations OEM Daily Vehicle Range OEM Daily Vehicle Range WAVE Range Extender™ WAVE Range Extender™ 9 WAVE Confidential & Proprietary – Do Not Distribute 10 WAVE Confidential & Proprietary – Do Not Distribute Utah Transit Authority | Commercial Deployment Monterey Salinas Transit | Waterfront Route  All-electric trolley replaces diesel trolley  50 kW charging system  4.5 mile route  Feeder shuttle for light rail “TRAX”  50 kW charging system system  Operational Q1 2015  Full Service launch in Fall 2014 Bus charging over snow (Dec 13, 2013) Remanufactured all-electric ZEPS bus from CCW Charging system primary pad 11 WAVE Confidential & Proprietary – Do Not Distribute 12 WAVE Confidential & Proprietary – Do Not Distribute 3

10/3/2014 McAllen Metro | A Green Route in Texas Antelope Valley | Laying the Groundwork  Route will provide all electric service to the  Based in Lancaster, CA – home of BYD’s airport, hospital and shopping center manufacturing plant  50 kW charging system for two Complete Coach  Long duty cycles Works “ZEPS” buses   Awarded the grant after a competitive bidding 50 kW charging system  process Initial chargers at Lancaster City Park & Palmdale Transportation Center  Commitment to full electrification  Initial order of 2 BYD buses & 2 WAVE chargers  Grant application submitted for 12 additional buses and 2 more chargers  Operational Q2 2015 13 WAVE Confidential & Proprietary – Do Not Distribute 14 WAVE Confidential & Proprietary – Do Not Distribute Management Team Technical Team Power Electronics Michael Masquelier Hunter Wu Engineering CEO & CTO Chief Scientist Entrepreneur and technology expert in Co-inventor of University of Auckland WPT wireless, power electronics and sensors system; Ph.D Electrical Engineering; Over a with 11 issued and pending patents dozen peer-reviewed, IEEE international Michael Hunter Wu Hadi Malek John Ruess Eric Ladd Lehi Vitor Michael Lewis including Motorola Labs Masquelier Chief Scientist Product Engineering Electrical Power Electronics Lab Technician Lab Technician journal and conference publications. CEO/CTO Manager Engineer Test Engineer Software Operations Wesley Smith John Inglish Engineering Chief Development Officer Director Over twenty years of business Former Utah Transit Authority CEO, development and startup experience in national leader in transit industry telecommunications, energy, and technology sectors. Steve Ball Bryan Stenquist Marcellus Harper Jay Hotvedt Eric Christensen Guy Letendre Tracie Peterson Senior Embedded Embedded Software/ Embedded Embedded Software/Firmware COO Project Software Engineer Firmware Engineer Software Engineer Software Engineer Engineer Manager Guy Letendre Not Pictured: Mechanical Not Pictured: Melanie Chief Operating Officer Andy Moore , Espinoza , Supply Engineering Supply chain expert with executive Mechanical Engineering Chain Assistant Manager; level engineering, operations and Robert Baker , business development experience with Manufacturing Data Autoliv & Infinia Corporation Engineer Orlin Wetzker Melissa Wilcken Evans Griego Robert Erickson Robert Jackson Software Project Director of Product Senior Mechanical Mechanical Mechanical Manager Manufacturing Engineer Engineer Engineer 15 WAVE Confidential & Proprietary – Do Not Distribute 16 WAVE Confidential & Proprietary – Do Not Distribute 4