Annual General Meeting March 29, 2016 1
Certain statements and documents referred to in this presentation, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties that face the Company; such statements may contain such words as "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, and may be based on management's current assumptions and expectations related to all aspects of the automotive and capacitor industry, consumer demand for zero emission transportation solutions and the global economy. Risks and uncertainties that may face the Company include, but are not restricted to: the EEStor energy storage technology may not be successfully commercialized at all, in a manner providing the features and benefits expected while under development, or on a timely basis or the Company may not be able to successfully incorporate this technology into its current or proposed products; steps taken by the Company to protect its proprietary rights may not be adequate or third parties may infringe or misappropriate the Company's proprietary rights; the Company has a history of losses from operations and may not be able to obtain financing, if and when required, to fund future expenditures for general administrative activities, including sales and marketing and research and development, expansion, strategic acquisitions or investment opportunities or to respond to competitive pressures; competitors may develop products which offer greater benefits to consumers, have greater market appeal or are more competitively priced than those offered by the Company; the Company may be exposed to product liability claims which exceed insurance policy limits; the Company is dependent on the ability and experience of a relatively small number of key personnel; new products introduced by the Company may not be accepted in the market or to the extent projected; new laws and regulations may be enacted or existing ones may be applied or governmental action may be taken in a manner which could limit or curtail the production or sale of the Company's products; and the Company may be negatively affected by reduced consumer spending due to the uncertainty of economic and geopolitical conditions. These risks and uncertainties may cause actual results to differ from information contained in this release, when estimates and assumptions have been used to measure and report results. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by applicable laws, the Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. Readers are cautioned not to place undue reliance on any statements of forward looking information that speak only as of the date of this release. Additional information identifying risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in the Company's current Annual Information Form and its other filings with the various Canadian securities regulators which are available online at www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 2
MISSIO ION To b be the provid ider er of le leadin ing g edge ge ele lectric ical al energy gy storage ge and rela lated ed capacito itor technol nologies gies acr cross s a br broad spec ectrum rum of in indust ustries ries and applic licat ation ions. s. 3 3
✓ Technology Validation ✓ Capacitor Partnership Discussions ✓ Polymer Enhancement 4
Phase 1 (Completed – December 2014) Intertek Group plc (ITRK:LSE) was engaged to independently verify performance characteristics of EEStor’s technology versus that of existing Aluminum Electrolytic Capacitors Phase 2 (Completed – March 2015) Intertek Group independently verified performance improvements of multi-layer sealed parts at higher voltages showing even further improved performance characteristics Phase 3 (Completed – August 2015) Intertek Group independently verified performance improvements of robotically produced multi-layer sealed parts at even higher voltages against existing internal performance results 5
On December 17, 2014, EEStor released: • Intertek Group testing report, confirming performance characteristics significantly better than comparable high voltage aluminum electrolytic capacitors • Paumanok Publications (Dennis Zogbi) market research report confirming “disruptive” market potential in the US$6 billion high voltage segment of the capacitor market, with an overall serviceable market of US$10 billion, including commentary on the near term readiness of EEStor’s powders for the commercial market • Rutgers University confirmation of the paraelectric structure of the CMBT powders (which enable the performance characteristics) 6
On March 26, 2015, EEStor released: • Intertek Group Phase 2 testing report, confirming performance characteristics with 3-fold improvement over Phase 1 testing • Confirms that stacking of the individual layers creates multi-layer sealed parts with exemplary performance characteristics • Dennis Zogbi confirmation that the technology as certified at 750v would be intriguing to his leading capacitor industry clients 7
On August 12, 2015, EEStor released: • Intertek Group Phase 3 testing report on EEStor’s robotically produced 8 layer 1500v and 2000v capacitor technology • Key highlights and findings of the Intertek Phase 3 Report include: • An eight layer stack, rated at 2000 volts, was successfully tested up to 3400 volts, demonstrating high voltage stability and improvements to time constants • Capacitance of the stack remained constant over a wide range of voltages (1,000 to 3,400 volts) • The resultant extremely high time constant could allow for voltage smoothing for many applications and should improve the performance of power related devices • Also announced that EEStor has begun to host potential JV partners in Cedar Park, Texas and has provided some of these partners with prototypes to test 8
#1 They Last Longer #2 They Charge up Quickly #3 Shock Resistance #4 Stability #5 High Voltage & High Capacitance #6 Low Cost to Produce 9
$0.7 Billion $1.8 Billion Global Capacitor Market FY 2015 By Type: $1.9 Billion = $18.2 Billion USD $3.9 Billion $9.9 Billion * Source: Paumanok Publications, Inc. 10
By Manufacturer: Global Capacitor Market FY 2015 = $18.2 Billion USD * Source: Paumanok Publications, Inc. 11
Global Capacitor Market FY 2015 = $18.2 Billion USD 2003-2015 -12 Year CAGR= 41% 2010-2015 - 5 Year CAGR= 13% 2015-2020 Forecast CAGR= 14% * Source: Paumanok Publications, Inc. 12
Global Capacitor Market FY 2015 = $18.2 Billion USD Target Market: Power T&D SAM: Motor Run TAM: Power, Industrial Industrial PFC All Capacitors and $18.2 B USD Specialty Screw Terminal Capacitors Snap Mount $2.7 B USD Defibrillators $1.9 B USD * Source: Paumanok Publications, Inc. 13
Participants in the capacitor market that have an interest in EEStor’s technology: • Large capacitor manufacturers • Brand name consumer electronic companies • Large multinationals targeting alternative energy and grid balancing applications • High value niche market players (i.e. external defibrillators) 14
EEStor, alongside Dennis Zogbi, has begun to host interested parties at the Compa ny’s facility to discuss potential partnerships • Lockheed Ma rtin Corp. (LMT:NYSE) holds the military rights to EEStor’s technology • Partnerships are likely to have upfront payments and ongoing royalties attached • Capacitor market is highly segmented therefore making multiple joint ventures likely • Niche segments of the market can also make for lucrative “one off” partnerships • Potential licensing and manufacturing partnerships to be discussed as well Overall, EEStor’s solid state and industry leading performance characteristics of the Company ’ s third party verified proprietary technology alongside its low cost profile make it an extremely attractive to potential partners. 15
• Engaged a group of polymer experts to enhance the characteristics of the host polymer • Readily available highly polar polymers in concert with EEStor’s proprietary CMBT allow for significant increases in energy storage capabilities • Work with these polymers is ongoing 16
• EEStor must continue to strengthen balance sheet in order to facilitate technology partnerships and continued polymer work • Capital markets have proven challenging over the last year for those companies seeking investment • TSX Venture at historical lows over the last year 17
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