B u s i n e s s p r e s e n tat i o n 1 skysails turn Wind into - PDF document

T U R N W I N D I N T O P R O F I T B u s i n e s s p r e s e n tat i o n

1 skysails – turn Wind into profit! 1 2 skysails GmBH & Co. kG 2 2.1 exeCutive Board 2 2.2 advisory Board 4 3 History and milestones 5 4 finanCinG 8 B usin ess presentat ion skysa ils G m BH & C o . k G

T U R N W I N D I N T O P R O F I T 1 skysails – turn Wind into profit! skysails has the objective of reducing the fuel con- Depending on the prevailing wind conditions, a sumption of modern shipping by using environmen- ship’s average annual fuel costs can be reduced tally sound, free of charge wind energy. by 10 to 35% by using the skysails-system. under optimal wind conditions, fuel consumption can tem- skysails is developing, producing and selling an porarily be cut by up to 50%. internationally patented wind propulsion system based on large towing kites. By using the skysails the skysails-system consists of a towing kite pro- technology, ship operation will become more profi- pulsion and a wind-optimized routing system. it is table, safer, more environmentally sound and more used offshore and for relief of the main engine, if independent of declining oil reserves. wind conditions allow. the skysails technology differs from conventional sailing systems, which fit the sail to a mast and the- towing kite reby connect it to the ship, in that the towing kite of control system the skysails-system is connected to the ship via a towing rope. sail area and ship are thus separate launch and from each other. the resulting characteristics of the recovery system skysails technology offer ships an auxiliary wind propulsion with an entirely new performance spec- towing rope trum: high performance, high practicability and winch high safety. force transmission point control pod Virtually all existing cargo vessels and new builds SYSTEM COMPONENTS can be retro- or outfitted with the skysails auxiliary wind propulsion system. Currently, skysails is offering towing kites for cargo vessels with an effective load* of between 8 and 32 tons. the scheduled product program compri- ses towing kite propulsion systems with an effective load* of up to 250 tons. an effective tractive force of 8 tons by a skysail corresponds to approx. 600 to 1,000 kW installed main engine power - depending on the ship‘s pro- perties (propeller efficiency degree, resistance, etc.) B usin ess presentat ion skysa ils G m BH & C o . k G paG e 1 o f 9

2 . s k y s a i l s G m B H & C o . k G skysails was established in Hamburg in 2001 as the business of the skysails GmbH & Co. kG is a company with limited liability. its enrolment in the lead by Dipl.-ing. stephan Wrage, Dipl.-ing. martin Commercial register took place at the local court in lohss and Dipl.-ing. stephan Brabeck. Hamburg (number HrB 82712) on 15th february 2002. the executive board of the skysails GmbH & Co. kG is actively supported by an advisory board of the legal form of the company changed during the four renowned experts. financing round in 2004: the legal successor of skysails GmbH and the presently operating enti- Currently skysails employs 48 members of staff, ty is the newly established skysails GmbH & Co. of which most are engineers. additionally external kG. its enrolment in the Commercial register took employees support the development work. place at the local court in Hamburg (number Hra 100874) on 23rd september 2004. Complemen- skysails has been financed by investors to about tary to that is the former skysails GmbH, which has 90% and by public finding to about 10% so far. been renamed skysails Gründungs GmbH for legal main investor is a renowed ship financer the leer- reasons. based Jan luiken oltmann Gruppe GmbH & Co. kG. Head office of the company is at the Hanseatic City of Hamburg. additionally, skysails has a test centre at the Hanseatic City of Wismar. 2 . 1 e x e C u t i v e B o a r d the business and operations of skysails GmbH strative executive director; and stephan Brabeck, & Co. kG are led by the managing directors and who as technical director is in charge of skysails graduate engineers stephan Wrage as chairman development work. of the executive board; martin lohss, the admini- stephan Wrage is the chairman of the innovation management and controlling. executive board and is in charge of sales, He completed his studies with a Diploma public relations, investment relations and in industrial engineering and a honours business development. He was born in certificate. During his studies he was a Hamburg in 1972 and studied industrial member of the managing board of the engineering at the technical university of “Verein Deutscher Wirtschaftsingeni- kaiserslautern and the technical university of Dres- eure” (VWi, association of German industrial en- den, focusing on mechanical engineering, logistics, gineers). B usin ess presentat ion skysa ils G m BH & C o . k G paG e 2 o f 9

T U R N W I N D I N T O P R O F I T 1993-2000 self-employed as a consultant for it and chip card solutions 1997-1998 factory new-build saD company, Dresden planning of logistics and material flow, design of the factory layout. 1995-1998 top business aG (former philips academy), nürnberg. project management, conceptual design, carrying out management seminars and worshops since 2000 stephan Wrage has worked full time pulsion system. He is an enthusiastic sailor and kite on developing and patenting the towing kite pro- flyer. martin lohss , in his capacity as admi- rials management and administration. He nistrative executive director, is responsi- was born in Hamburg in 1966 and earned ble for the areas finance and controlling, a degree (Dipl.-ing) in biological enginee- human resources, organizational deve- ring at the Hamburg university of applied lopment, information technology, mate- sciences. 1986 study abroad at the university of Cambridge, england 1992-2000 studied and earned a degree in biological engineering at the Hamburg university of applied sciences 1993-1994 enrolled in the mechanical engineering program at the technical university of Vienna, austria since 1997 founding partner of the engineering office for social & environmental assets (sumBi), which provides consulting and research in the fields of energy, environmental and material-flow management. as a seed investor of skysails, martin lohss has has been a member of the executive board since provided advisory support to corporate manage- 2004. ment in developing the team since 2002. He stephan Brabeck, as technical direc- engineering degree from aachen university tor, has had leadership oversight of re- where he majored in aerospace enginee- search and development, manufacturing ring. and service since January 2005. He was born in Cologne in 1962 and earned an 1981-1989 aachen university, awarded a degree (Dipl.-ing) in aerospace engineering 1991-1992 Developmental engineer, schottel GmbH & Co. kG, spay 1992-2001 Director of research & Development, schottel GmbH & Co. kG, spay 2001-2002 acting managing director, schottel propulsion technology, Wismar 2002-2004 technical director and proxy, schottel GmbH & Co. kG, spay stephan Brabeck has been a managing director depth expertise, years of experience and exceptio- and worked as technical director for skysails since nal market knowledge to the company. 1 January 2005. an avid sailor, he contributes in- B usin ess presentat ion skysa ils G m BH & C o . k G paG e 3 o f 9

2 . 2 a d v i s o ry B o a r d skysails is a fledgling technology company that de- ping to join its advisory board. With their extensive pends on the support of experienced experts. the experience, they make a decisive contribution to company has succeeded in getting individuals of driving the developments in a highly focused and exceptional professional ability and competence timely manner. from the fields of corporate development and ship- samuel simonsson (chair- andré tonn is the managing director of the olt- man of the advisory board) has mann Group, skysails‘ lead in- extensive expertise and practical vestor, and has over 15 years of experience in establishing tech- professional experience in ship nology companies as co-founder financing. as an advisory-board and longstanding chairman of member, he shares his invaluable the board of rofin sinar, the leading manufacturer market expertise, superb contacts of industrial lasers. today he advises and assists and industry-spanning know-how technology companies both inside and outside Ger- with the company. many as a member of advisory and supervisory boards. prof. dr.-ing. Gerhard Jensen (deputy chair- Hermann neemann is recog- man of the advisory board) taught shipbuilding at nized throughout Germany as the technical university of Ham- one of the most successful tax burg-Harburg and was the head consultants for shipping compa- of the Hamburg ship model Ba- nies. through the professional sin (HsVa) for many years. He is support he has provided to more currently the managing director than 200 ships, he now enjoys close international of the ship propulsion manufactu- contacts with shipping companies and detailed ring company schottel GmbH & knowledge about the maritime industry. Co. kG. He brings with him many years of expe- rience in ship design and a solid understanding of the market. B usin ess presentat ion skysa ils G m BH & C o . k G paG e 4 o f 9