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Jennifer M. Indovina President & CEO, Founder jennifer.indovina@tenrehte.com 585-755-5621 Company Overview | May 2010. The “Problem”. Energy consumers lack the proper tools to effectively measure and take steps necessary to save electrical energy and money. The “Solution”.
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Jennifer M. Indovina President & CEO, Founder jennifer.indovina@tenrehte.com 585-755-5621 Company Overview | May 2010
The “Problem” • Energy consumers lack the proper tools to effectively measure and take steps necessary to save electrical energy and money. © 2010 Tenrehte Technologies, Inc.
The “Solution” • Easy to use products that provide real-time, accurate measurements of electricity energy consumption. • Based on Tenrehte testing results, customers can expect to achieve a reduction in energy cost of between 20%-30%. © 2010 Tenrehte Technologies, Inc.
The “Opportunity” Market Potential: The annual spending on energy efficiency products will reach $700 billion by 2030 An accessible market of roughly 40 million Wi-Fi enabled customers in the US alone Save Customers Money: By Reducing Electrical Use 20% Small Business Customers save $1470 per year Residential Customers save $284 per year © 2010 Tenrehte Technologies, Inc.
PICOwatt™ Smart Plug • Wi‐Fi enabled smart plug • Users can remotely monitor and control any electrical device over the Internet • Includes PICOmesh™ for maximum flexibility © 2010 Tenrehte Technologies, Inc.
PICOwatt™ Is Easy To Use! © 2010 Tenrehte Technologies, Inc.
Logon To PICOwatt™ © 2010 Tenrehte Technologies, Inc.
Real-time Monitoring & Control © 2010 Tenrehte Technologies, Inc.
PICOwatt™ Saves You Money!!! Electricity @ $0.12 kW-h © 2010 Tenrehte Technologies, Inc.
Intellectual Property • IP Portfolio • (1) A [generic] system and method of automated nodes for monitoring and control, • (2) A system and method whereby energy management control and data exchange between automated nodes is facilitated through network communications • (3) A system and method of automating Wi‐Fi node security implementation. © 2010 Tenrehte Technologies, Inc.
Product Portfolio © 2010 Tenrehte Technologies, Inc.
Competition © 2010 Tenrehte Technologies, Inc.
Sales Plan • Direct Sales to Lead and Early Customers • Direct sales to boutique firms that are the supply channel partner for “Green” products • Regional Manufacturers Rep Network • Long Term Play To Engage Large Distributors © 2010 Tenrehte Technologies, Inc.
Short Term Sales & Delivery © 2010 Tenrehte Technologies, Inc.
Trial Production • PICOwatt™ Trial Production • 1st Production Tooling • 75 Units Scheduled for Delivery Mid-July • Self Funded © 2010 Tenrehte Technologies, Inc.
Volume PICOwatt™ Production Includes Pilot Production Run Certifications Booking Orders Now Capital Requirements Raise $300K Convertible Debt Converts at next round Funds 6 months of operations Establish $300K revolving line of credit Personally secured by Founders Pilot & Initial Production Funding © 2010 Tenrehte Technologies, Inc.
Major Customer Targets Various B2B & Distribution Partners 300K PICOwatt™ Products 200K PICOtherm™ Products Walmart Corporate 300K PICOwatt™ Products Best Buy 200K PICOwatt™ Products 50K PICOtherm™ Products Home Depot 50K PICOwatt™ Products 50K PICOtherm™ Products Amazon.com 50K PICOwatt™ Products 50K PICOtherm™ Products 5Y Total Sales Goals 900K PICOwatt™ Products 350K PICOtherm™ Products Revenue Forecast © 2010 Tenrehte Technologies, Inc.
Managing The Investment © 2010 Tenrehte Technologies, Inc.
Potential Exit Strategies • IPO • Not unreasonable if we achieve our revenue targets • Merger or Acquisition – 48 months • Value potential of 10x-20x EBITA © 2010 Tenrehte Technologies, Inc.
The Team Management Jennifer Indovina CEO, Founder Corporate management, corporate and product marketing, and engineering Vivace Semiconductor, Improv Systems, Rochester Institute of Technology Selected as a 2010 TED Fellow Mark Indovina COO, Founder Advanced system design (hardware, software, analog & digital signal processing), corporate and engineering management Vivace Semiconductor, Improv Systems, Cadence Design Systems, Motorola, Computer Consoles (CCI) / Nortel, and Ashly Audio Russell Priebe, Ph.D CTO, Founder Advanced system design (signal processing, wireless communications, software development) and engineering management Freescale Semiconductor, Improv Systems, University of Texas © 2010 Tenrehte Technologies, Inc.
Recent Company Milestones • October 2009 • Finalist, 2009 Clean Energy Venture Summit (CEVS) • Finalist, 2009 i-Stage Competition, October 2009 • January 2010 • Winner, Best of CES 2010 Green Product Award • March 2010 • Tenrehte Joins the NYSERDA New York Energy $mart Program, • April 2010 • Tenrehte Joins RIT Clean Energy Incubator • Earth Day, April 2010 • First Customer Shipment • May 2010 • 1st Place Winner, 2010 Rochester Regional Business Plan Contest © 2010 Tenrehte Technologies, Inc.