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1. Sunstallion Energy Corporation
2. Sunstallion a California corporation founded to exploit markets for fuel cell catalysts
utilizes patented technology to distinguish and add value to its catalysts
2 Sunstallion
3. James Benson, Ph.D. founder of Sunstallion
more than 35 years experience in technology businesses
occasionally works as an expert witness in biochemistry and in patent infringement matters 3 Sunstallion
4. Sunstallion 4 Approach Sunstallion has licensed patented technology that yields graphite microstructures
these microstructures significantly reduce platinum requirement
Sunstallion will sell improved catalysts to fuel cell manufacturers
5. Commercial Fuel Cell 5 Sunstallion
6. Sunstallion 6 Patent Protection underlying technology protected by issued patents
recent patent applications will provide ~ 20 years protection
7. Sunstallion 7 Targeted Applications fuel cell catalysts
biocatalyzed fuel cells
batteries
8. Partnerships Sunstallion has partnered with a major CMO to provide ISO 9000 products
this partnership allows Sunstallion to begin operations without capital costs of manufacturing 8 Sunstallion
9. Sunstallion Research Facility Sunstallion occupies a research facility in Mountain View, CA 9 Sunstallion
10. Underlying Technology Sunstallion 10
11. Graphite Structure patented process provides graphite microstructure
graphite provides strength and is highly conductive
ideal for attachment of catalysts
11 Sunstallion
12. DarkIon™ 12 Sunstallion
13. DarkIon™ Microstructure interconnected graphite microstructure is highly conductive
large cavities allow efficient attachment of catalyst 13 Sunstallion
14. Application to Fuel Cells 14 Sunstallion
15. Commercial Fuel Cell two-dimensional polymer sheet is coated with thin layer of platinum-carbon particles
hydrogen gas is catalyzed and releases an electron; water is by-product
all activity takes place on surface of polymer sheet 15 Sunstallion
16. Two Dimensional Membrane Sunstallion 16
17. Formation of Hot Spots Sunstallion 17
18. Lifetime Issues fuel cells are expected to last at least 5,000 hours (about six months)
fuel cells fail due to agglomeration of platinum particles on surface of membrane
this results in “hot spots” that create holes in membranes, causing leakage 18 Sunstallion
19. DarkIon™ Catalyst provides three dimensional graphite structure that lifts platinum from surface of polymer sheet
exhibits high conductivity
produces power using about 20% of platinum required in commercial fuel cells Sunstallion 19
20. A Three Dimensional Electrode 20 Sunstallion
21. DarkIon™ Microparticles Sunstallion 21
22. Technology Key large cavities permit thorough loading of catalytic components such as platinum or alloys
open structure enables free ingress of hydrogen to component site and egress of by-products
catalyst component held away from membrane surface Sunstallion 22
23. Sunstallion 23 Business Plan
24. Feasibility Work Completed DarkIon™ prototype provided equivalent output to commercial product, but used about 20% of platinum Sunstallion 24
25. Initial Product first product will be DarkIonTM catalyst
targeted customers: all manufacturers of fuel cells
development will continue to further refine product for second and third generation 25 Sunstallion
26. Pipeline Products biocatalytic product for fuel cells: use of enzymes to generate electrons
energy storage device with greatly reduced recharge time 26 Sunstallion
27. Sunstallion 27 Market market for catalytic components of fuel cells is currently $1 billion
estimate sales of DarkIon™ products will reach $400 million, and continue upward
lower cost of platinum will appeal to most users
market expected to grow rapidly
28. Sunstallion 28 Management Dr. Benson will act as interim CEO for 12-18 months
following development, the Board will hire CEO from fuel cell industry to lead Sunstallion
29. Sunstallion 29 Budget and Use of Funds Sunstallion will require $6 million:
optimization for DarkIon™ configuration
transfer of final formulation to CMO
purchase of DarkIon™ ISO 9000 materials from CMO
evaluation by customers
establish marketing and sales organization
30. Sunstallion 30 Time to Market use of CMO eliminates manufacturing overhead and capital equipment
CMO responsible for production under ISO 9000
estimated time to market: under two years
31. Sunstallion 31 Exit Strategy Sunstallion seeks IPO or be acquired by large energy company in three years
32. Sunstallion Energy Corporation