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[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Agenda
TEAM  (Technology Early Action Measures)  Support  … what it means to Menova ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Getting Started From our Early Adopters and Menova…Thank you TEAM  
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Sales Funnel Development – July ’05
Status Update Installs Partially Complete April ‘05 $700k Sales Commercial & Residential Dec 05 Commissioning June ‘05 $800k Sale to Rural ON School Signed Feb ’05 $1.6M TEAM Grant Approved Done 6.25% 10 Yr. Term Oct, 04 Residential Lease Program MOU on Metered Energy On-Going Industrial and Com. Financing Designed Q2 ’06 Multi-Sun Product Launch Done – Select Power Sept. 04 First Distributor Early Negotiations Late 2005 Licensed Assembly Operations On-going Mar 2005 Capital Injection Ramping up Volume Sept 05 Commission 1 st  Assembly Line Done April 24, 04 First Sale Signed Done Mar. 27, 04 Product Launch Status Date Item
[object Object],Corporate Vision
[object Object],[object Object],Market Pain
[object Object],[object Object],[object Object],[object Object],[object Object],The Solution
[object Object],[object Object],[object Object],WHY Menova Energy Now?
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The Market Opportunity As a result… customers are nervous about supply and want to hedge cost increases so… a market demand for cost effective and reliable distributed energy generation is growing
[object Object],[object Object],[object Object],[object Object],The Market Opportunity … cont.
[object Object],[object Object],[object Object],[object Object],Building Energy Use Market
North American  Solar Thermal & Electric Market Potential * Total North American Solar Thermal Electric Market  = $9.7 B * Power-Spar 2006  Target = $15 M Top-Down Market Size Based on Energy Use 3.  Assumes Power-Spar can displace 50% of electrical and building heating 4. Assume 1% adoption of above 2. Not applicable to 65% of buildings due to a lack of space, no solar sight lines etc * 1. USA market five times Canadian (northern application)
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],WHY this Product Mix?
Implementation 10 feet Building Integrated Heat & Power
Implementation Hydro Easement  Power Plant
Implementation Parking Lot Power Plant
6 feet Side View of Power-Spar For  Reference Only TECHNOLOGY PLATFORM
INCOMING SOLAR ENERGY INCOMING SOLAR ENERGY Solar energy is reflected and concentrated onto two absorbers which in turn heats the glycol fluid.  High efficiency 1-SUN PV CELLS Patent Pending  Absorbers  (2 per spar) TECHNOLOGY PLATFORM:   How it works
Thermal Insulation Integrated Thermal Absorber & Cooling / Heating Pipe OPTIONAL  20% Efficient  Multi-Sun  PV Cells (3 watts cells yield 9 watts of power) Close up of the Absorber  – illustrating thermal & solar power components  Patented Optical-Thermal Diode Reflectors TECHNOLOGY PLATFORM:   How it works
FULL SYSTEM DIAGRAM
Jan 23, 2005  -17 Deg C Spar-Net: Power-Spar Web Enabled Control & Validation
Power-Spar is Performing ~ 20% better than planned
Competitive Renewable Products
20 year pricing is projected at current  five year energy Inflation rate of rate of 10% Competitive Renewable Products
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Sustainable Competitive Advantages
Customer’s Value Proposition: Return on Investment Year from Purchase CASH FLOW Thermal heat & hot water only, no pool heating or solar cells deployed Cash flow for an n-Panel Power-Spar system
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Operations Plan
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Team
Dave Gerwing,  P.Eng.   President & CEO  24 years experience, Engineering, Management, Marketing, Innovation, Productization. Grown a profitable service firm to 18 employees in 8 years. Rick Norland ,  P.Eng., MBA CFO   21 years experience, founding, financing, business management, financial consulting to startups and running companies. Successful in negotiating financing deals up to $350M. Steve Tennant ,  Installations Manager 26 years experience, Operations, Field Installations Menova Engineering,  Contract Support Team R&D, Product Development, Sales Support, Engineered Solutions  Management Team
PRODUCT DEVELOPMENT Strategic Relationships Customer Requirements Commercial Channel Partners Product Engineering, Design &  Manufacturing Support  Manufacturing & Key  Component Supply Diversified Energy  Channel Partners Customer Financing

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Summit 05 Presentations 06d Gerwing

  • 1.
  • 2.
  • 3.
  • 4. Status Update Installs Partially Complete April ‘05 $700k Sales Commercial & Residential Dec 05 Commissioning June ‘05 $800k Sale to Rural ON School Signed Feb ’05 $1.6M TEAM Grant Approved Done 6.25% 10 Yr. Term Oct, 04 Residential Lease Program MOU on Metered Energy On-Going Industrial and Com. Financing Designed Q2 ’06 Multi-Sun Product Launch Done – Select Power Sept. 04 First Distributor Early Negotiations Late 2005 Licensed Assembly Operations On-going Mar 2005 Capital Injection Ramping up Volume Sept 05 Commission 1 st Assembly Line Done April 24, 04 First Sale Signed Done Mar. 27, 04 Product Launch Status Date Item
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12. North American Solar Thermal & Electric Market Potential * Total North American Solar Thermal Electric Market = $9.7 B * Power-Spar 2006 Target = $15 M Top-Down Market Size Based on Energy Use 3. Assumes Power-Spar can displace 50% of electrical and building heating 4. Assume 1% adoption of above 2. Not applicable to 65% of buildings due to a lack of space, no solar sight lines etc * 1. USA market five times Canadian (northern application)
  • 13.
  • 14. Implementation 10 feet Building Integrated Heat & Power
  • 17. 6 feet Side View of Power-Spar For Reference Only TECHNOLOGY PLATFORM
  • 18. INCOMING SOLAR ENERGY INCOMING SOLAR ENERGY Solar energy is reflected and concentrated onto two absorbers which in turn heats the glycol fluid. High efficiency 1-SUN PV CELLS Patent Pending Absorbers (2 per spar) TECHNOLOGY PLATFORM: How it works
  • 19. Thermal Insulation Integrated Thermal Absorber & Cooling / Heating Pipe OPTIONAL 20% Efficient Multi-Sun PV Cells (3 watts cells yield 9 watts of power) Close up of the Absorber – illustrating thermal & solar power components Patented Optical-Thermal Diode Reflectors TECHNOLOGY PLATFORM: How it works
  • 21. Jan 23, 2005 -17 Deg C Spar-Net: Power-Spar Web Enabled Control & Validation
  • 22. Power-Spar is Performing ~ 20% better than planned
  • 24. 20 year pricing is projected at current five year energy Inflation rate of rate of 10% Competitive Renewable Products
  • 25.
  • 26. Customer’s Value Proposition: Return on Investment Year from Purchase CASH FLOW Thermal heat & hot water only, no pool heating or solar cells deployed Cash flow for an n-Panel Power-Spar system
  • 27.
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  • 29. Dave Gerwing, P.Eng. President & CEO 24 years experience, Engineering, Management, Marketing, Innovation, Productization. Grown a profitable service firm to 18 employees in 8 years. Rick Norland , P.Eng., MBA CFO 21 years experience, founding, financing, business management, financial consulting to startups and running companies. Successful in negotiating financing deals up to $350M. Steve Tennant , Installations Manager 26 years experience, Operations, Field Installations Menova Engineering, Contract Support Team R&D, Product Development, Sales Support, Engineered Solutions Management Team
  • 30. PRODUCT DEVELOPMENT Strategic Relationships Customer Requirements Commercial Channel Partners Product Engineering, Design & Manufacturing Support Manufacturing & Key Component Supply Diversified Energy Channel Partners Customer Financing