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Apparent Wind Tapping Wind Power Worldwide Investor Pitch Portland, OR. Scott Caldwell Michael Alpert Andrew Carlstrom Christopher Wade. Management Team. Scott Caldwell – CEO BS – Geography/GIS; 10 yrs experience retail equipment Mike Alpert - CFO
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Apparent Wind Tapping Wind Power WorldwideInvestor PitchPortland, OR Scott Caldwell Michael Alpert Andrew Carlstrom Christopher Wade
Management Team • Scott Caldwell – CEO • BS – Geography/GIS; 10 yrs experience retail equipment • Mike Alpert - CFO • 5 years experience finance, project management, wind industry; BA Texas A&M Univ; MBA Portland State Univ • Andrew Carlstrom– COO • JD; BS in Botany; 10 yrs policy experience • Christopher Wade – CTO • _BS – Chem Engineering; 10 years project mgmt; 2 yrs ops mgmt; 5 yrs maintenance mgmt Board of Advisors • Dr. James Hunt, PhD in Applied Chemistry; 20 years exp magnet industry • Dr. Julia Adams, PhD in Aerospace Engineering • Robert Davidson, CPA; 20 years exp Tax Accounting; Tax incentive consultant • Andy Linehan – Wind Industry Consultant • Dr. John Fitzgerald, Phd in Applied Chemistry – Magnet consultant • Charles Goldman – Renewable energy incentive expert • Dr. Phyllis Newstrom, Phd in Aerospace Engineering
Apparent Wind - At a glance… • Wecapture turbulent, low speed wind with high efficiency… • Utilizing a unique, near-frictionless clean technology… • In order to meet the energy needs of our growing and under-served flat-roofed commercial customer base Strategic Partnerships:Portland Bureau of Environmental Services, Portland State University, Gerding Edlen
Problem/Opportunity • What is problem and why does problem exist? • Why can it be addressed now? • Size of problem/opportunity • From market scan • Time for graphs/figures • Urban Wind Speeds • Flat Roof Acreage • Energy Costs over time
Solution • Renewable Energy to flat-roofed commercial businesses • Our place in the Value Chain (Solar/Wind/Conventional)
Value • Tax Incentives • Increased efficiency in harnessed energy • Lower energy bill Realized by: • Business owner/operator • Utility
Intellectual Property • Proprietary technology passive magnetic bearing, patented complete system • Unique team experiences • Special partnerships Exro, Inc – generator supplier • PV Powered, Inc – inverter supplier
Go to Market Strategy • Pilot Program - Successfully installed single unit Negotiating sale of first 20 units for retrofitted installation in 2009 • Customer Pipeline Gerding Edlen - 30 units sold for ‘09-10 future development “Apparent Wind has shown that we can cost-effectively capture the choppy, inconsistent winds at the top of some of our current and planned buildings. We are excited about the doors this will open for us as developers and as stewards of the natural landscape.” -Mark Edlen, Managing Principle
Business Model • Competitively Priced: $15-18,000 • Healthy Margins: $12-13,000 installed cost • Partnerships: Generators Inverters • Tax-Incentive Consulting to reduce customer cost to near-zero • BETC Tax benefits
Financing requirements/milestones • First Round: $1MM WC/$1MM OH, fees • Second Round: $3.5MM Key Achievements