Spear Overview & Technology • Headquartered in Kansas City • Founded in 2013, legacy dating back to 2005 (as Kokam America and Dow Kokam) • 32,000 ft 2 (2,973 m 2 ) location, expansion available • AS9100 Certified, Buy American compliant • R&D cell manufacturing lines
An Experienced Supplier
2018 in Review Q1’19 Q4 ● Commissioning first BEV ferry in the U.S. Commissioned Q3 first li-ion PHEV ● BV Type Approval DNV GL Type ferry in U.S. Q2 ● Executing on >7 Approval MWh of Trident orders Signed REV contract Q1 First European Trident order
The Asset of Flexibility • Versatility of cooling options • Spear is only vendor that can offer both air- and liquid-cooled high energy systems with DNV GL approval → maximizes customer value • Cheaper to add liquid cooling than upsize air-cooled battery • Two-sided cooling on every module → extends battery life • Air and liquid-cooled batteries reside in exact same volumetric form factor; liquid cooled systems still > 100 Wh/kg → 25% lighter and 10% smaller than next closest competitive solution in the industry • Versatility to optimize to any space • Spear’s DNV GL type approval covers flexible system configurations, other vendors only offer one variant • Front-facing power and communications connections enable optimal battery arrangement in compartment → minimizes total battery footprint • Versatility of product offering • A single product doesn’t meet all applications in commercial marine market • Ferry battery (energy cell) not the same as a spinning reserve battery (power cell) → pick the right cell for the application
Arrangement Flexibility • Flexible string configuration, enabled by forward-facing connections • Liquid-cooled system STRING 3 STRING 2 STRING 1
Arrangement Flexibility • Flexible string configuration, enabled by forward-facing connections • Air-cooled system STRING 1 STRING 2
Battery on Board / Containerized Solutions • Reduced rack depth options possible under common Trident type approval certificate • Racks can be built to the ceiling, minimizes total battery footprint inside container where space is a premium → maximizes embedded energy in same volume! CAN BE BUILT TO CEILING
2019/2020 Outlook • More emphasis on the shipping/cruise industry globally • ECAs/Zero Emissions Zones (Scandinavia) • IMO strategy to reduce GHG emissions • Spear’s high energy Trident system ( 95 Wh/L and 110 Wh/kg ) leads the industry! • Battery tech advancements • Solid-state • Li-metal • Silicon nanowire • Electrolyte development • American market is accelerating • Passenger vessel/tourism market • Inland waterways • Gulf of Mexico
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