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Design Flux Technologies, LLC. Kent Kristensen | Chairman/CEO Courtney Gras | President Tom Vo | Chief Technology Officer Terence Baptiste | VP of Finance & Administration David Bordwell | Lead Applications Engineer. The Problem:.
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Design Flux Technologies, LLC Kent Kristensen | Chairman/CEO Courtney Gras | President Tom Vo | Chief Technology Officer Terence Baptiste | VP of Finance & Administration David Bordwell | Lead Applications Engineer
The Problem: Today: There are countless battery types and applications and each requires special "add-on" products to accomplish what should be the simple task of storing and using energy.
We believe energy management should be simple It should transform to meet your needs on the fly …without any additional hardware
Our Solution: The Intelligent Energy Exchange: A Comprehensive Hardware and Software Turnkey Solution for industries, businesses and consumers that store, deliver and exchange electricity on-demand
Introducing: The world’s most versatile power manage system AC in Or DC in Unified battery charger, management system, and power bus structure AC out Or DC out AC or DC power in | AND | AC or DC power out No chargers, no inverters, no motor controllers
Value- Quantitative • 6-min charge to 80% | for a standard EV battery pack • 30% Reduction in cost | compared to state-of-the-art • 4x Battery life | improved performance & extension useful life • 5% Accuracy | prediction & mitigation of failures
Value - Qualitative • Versatility | New applications via our “Energy Exchange” • Flexibility | Applicable to all rechargeable battery types • Scalability | From consumer electronics to grid-storage
How it works • Manage battery cells on an individual basis as Energy Blocks. • Hardware is shockingly simple, low-power, and low-cost • The complexity is in proprietary software which coordinates and synchronizes the Energy Blocks in real time to transform the battery pack to meet the needs of the application.
How it works • “Swap-out” cells in software • The ultimate battery management system • Re-use old cells & integrate them with new packs • Mix & match battery chemistries, and even energy storage devices!
Intellectual Property • DFT is filing an International Provisional Patent including three or more core technology claims. • The majority of our software will remain trade secret.
Market & Target Applications - Detail • DFT obtained a federal grant fromNortechto perform a high-level market analysis where market size, opportunities, threats & venture capital investment were observed in the following spaces: • Consumer Electronics ($400bn in 2015) • Uninterruptable Power Supply ($13.07bn in 2017) • Transportation/EV’s ($54bn in 2011, 2.9 million vehicles by 2017); • Utilities/Energy Storage/Grid Storage ($113.5 billion incremental) • Nortech will also develop and validate our value proposition and perform voice of customer project(s) for within the Advanced Energy Cluster in Northeast Ohio. • (Lux Research) , (Pike Research)
Competitive Analysis The Energy Exchange is an original concept The Value Proposition Differentiation • Confirmed by both Ecomove A/S and ARPA-E: • DFT is the ONLY player with our approach to power management • First-to-Market advantage • Barriers through Trade Secret Software • Our product is: • Highly disruptive • Scalable • Versatile • Low Cost • High volume manufacturing • Or: High profit through low volume
Value Proposition Positioning • Alrairnano= Battery Module Balancing with a Cascaded H-Bridge Multilevel Inverter • Clayton Power and Element Energy= working on Micro-Inverter technology charger • ChaDeMo= DC FCS, > 40 players • SAExxxx = DC FCS, > 10 players (growing) • Proprietary= DC FCS, < 5 players (shrinking) • FCS= Fast Charging Station We will migrate from A -> C through custom Non-Recurring Engineering services working with OEM’s. Service B Current players operate here DFT DFT DFT DFT C A Cost Technology
Customer Engagement Process • Non-Recurring Engineering (NRE): • Purchase order or contract for time & material or project pricing • Electronics Contract Manufacturing (ECM): • Purchase order or contract for customized modules or products (cost+ model) • Software License Agreement (SLA): • Purchase order or contract for right to use license • Technical Services Agreement (TSA): • Purchase order or contract for annual technical support, maintenance and service agreement for products, modules and software
The DFT Team • Kent Kristensen, Chairman/CEO • Over 20 years of experience selling with large orders & $15 million equipment supply contracts to major OEM’s & infrastructure companies around the world. • Courtney Gras, President/COO • BS Electrical Engineering • Team leadership & management with technical skills in battery management & EMC • Tom Vo, Chief Technology Officer • MS Electrical Engineering • Battery management development and testing, software & communications • Terence Baptiste, VP of Finance & Administration • BS Finance, JD/MBA • Financial strategy, accounting, administration • David Bordwell, Lead Applications Engineer • BS Electrical Engineering • Software, algorithms, and user-interface development
The DFT Team • Ownership Structure • Kent Kristensen, Chairman/CEO: 45% • Tom Vo, CTO: 23% * • Courtney Gras, President/COO: 18% * • Terence Baptiste, VP Finance and Administration: 10% * • David Bordwell, Lead Applications Engineer: 4% • * Note: 51% minority owned
Extended Team • University Collaborators • DFT Contractors • Richard Johnson • Undergrad, Electrical Engineering • PCB design & testing technician • Ben Chaffee • Undergrad, Mechanical Engineering • CAD design technician • Dr. Tom Hartley • PhD Electrical Engineering • Battery Management Specialist • Dr. YilmazSozer • PhD Electric Power Engineering • Micro-Inverter Specialist • Dr. Nathan Ida • PhD Electrical Engineering • Sensors & EMC Specialist • Dr. Iqbal Husain • PhD Electrical Engineering • EV Chargers & Motor Control Specialist
Board & Advisors • Developing a Five person board: • 1 from DFT, LLC • Four outside directors, senior executives with following experience and qualifications: • Electric Automobile or Truck manufacturer executive and/or industry expert • Power Electronics manufacturing, working with and/or selling to electric power utilities, working with DOE and/or EPRI • SmartGrid, grid storage, charging infrastructure and/or battery industry expert • Investor representation • Three, or more, industry experts as advisors: • Jack Harley, Electric utility Industry consultant • Robert Hamlen, Battery Industry consultant • Glenn Mercer, Automotive Industry consultant
Financial Projections Note: revenues for future years are; 2016 $17MM, 2017 $33MM, $2018 $79MM
YTD Funding, Awards & Future Needs Notes: * funds used, ** funds in use, *** funds awarded but not in hand.
Timeline April, 2012 DFT is awarded the OTF TVSF grant for $100k Aug 2012, DFT brings 2 engineering contractors on-board Sept, 2012 given the award of “Rising Star”at the Smart Business Innovation Awards May 2012, New product concept conceived May, 2012 DFT completes first prototype for field test - 7 months data collected Sept 2011, DFT formed March, 2012 DFT wins the Clean Energy Challenge (#1 in the state of Ohio) - $10k Aug 2012, Nortech STMA starts Market analysis for DFT Oct 2012, DFT begins filing for new IP June 2012, Kent Kristensen joins as CEO Nov 2012, DFT demos & verifies new product concept
The next year… • File & secure International Provisional Patent • First OEM customer contracts • Engaging with US companies through NDA’s and contracts at this time – anticipated project start-date 4-13 • Continue & complete full-scale demos • Secure Pre-Seed Funding
Exit Strategy • Multiple “soft exits” • License non-exclusive technology manufacturing rights to major power electronics manufacturer; eg. ABB, Siemens, Schneider, etc. • License non-exclusive technology manufacturing rights to major EV OEM’s • License non-exclusive technology manufacturing rights to major Consumer Electronics OEM’s • Sell R&D, Engineering Services and Technology Holding company to Private Equity firm
…Thank You! Please contact us for more information – we look forward to hearing from you! Email: • Kent Kristensen, CEO: kkristensen@designfluxtech.com • Courtney Gras, President: cgras@designfluxtech.com Mail: PO Box 37092 Maple Hts. OH 44137