Intelligent Revolution - Exro Technologies
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Intelligent Revolution
Disclosure Statement
The information provided in this presentation material contains
forward-looking information. These statements address future events
and conditions and, as such, involve known and unknown risks,
uncertainties and other factors which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed
or implied by the statements. The Company does not assume the
obligation to update any forward looking statement.
Copyright EXRO Technologies Inc. 2017 - Confidential 2
Exro Technologies-Vision
Tobe a technology leader in the
dynamic optimization of electric
generators andmotors
Copyright EXRO Technologies Inc. 2017 - Confidential 3
Evolution of Electric Machine
Technology
In 1831, Michael Faraday helped launch the age
of electric machines by discovering the laws of
electromagnetic induction using magnetic fields
and wires (Voltage x Current = Power)
Innovation in electric machines and the use of
power electronics has compensated for the use of
a single wiring configuration.
The single wire configuration method has not
changed in more than 185 years until Exro’s
founder Jonathan Ritchey invented Dynamic
Single electric machine configuration has one
Power Management (DPM) technology. operating profile and significant limitations
Copyright EXRO Technologies Inc. 2017 - Confidential 4
DPM Technology Innovation
Just right
Existing machines achieve maximum too slow 90%+
too fast
efficiency at a single target speed.
Above and below the target speed
the efficiency falls.
Efficienc
-65%
y
DPM offers dynamic coil wiring
configuration switching, using
proprietary algorithms to optimize Speed
power electronics and efficiency at
all speeds.
Copyright EXRO Technologies Inc. 2017 - Confidential 5
Problem to be Solved
Economic Loss Related to Current Design
Electric generators and motors work at peak efficiency in a
narrow speed and torque range, which significantly limits their
ability to convert energy or produce electricity efficiently from
variable sources.
This results in economic losses in almost all rotating machine
applications such as wind power generation, electric vehicles,
run-of-river generation, diesel gen-sets and mining operations.
Economic Loss By Major Application
• Wind power offers marginal economic
returns relative to traditional energy sources.
• Electric vehicles face 'range anxiety' amongst
consumers.
• Electric motors operating in variable
applications waste billions of dollars in
energy annually.
Copyright EXRO Technologies Inc. 2017 - Confidential 6
Our Solution:
Dynamic Power Management
Dynamic Power Management
Exro’s patented technology reduces “off
peak” losses, by switching generator coils
Benefits of DPMtechnology:
to optimize efficiency at a given speed,
which improves the economics of electric • Reduces energy costs by improving
motors and generators that operate in machine efficiency, switching coils in
variable applications. real time to maintain peak operating
efficiency across a range of operating
conditions.
• Improves power electronics efficiency
and reduces size, cost and weight by
maintaining a tighter voltage range.
• Prevents catastrophic failures by
isolating faulted coils through
DPM technology brings intelligence to dynamic power electronics control.
traditional machine designs
Copyright EXRO Technologies Inc. 2017 - Confidential 7
Technology History
• Three Exro Technologies DPM electric
generator prototypes have been
built, with $12M invested in
developing the technology to date.
• DPM generator prototypes have
undergone independent testing and
have demonstrated energy efficiency
gains ranging from 2% to 7%.
• Recently signed commercial co-
development agreement with a
leading supplier of drone propulsion
systems.
Copyright EXRO Technologies Inc. 2017 - Confidential 8
DPM has Massive Market Potential
DPM is a technology breakthrough with many diverse applications for
electric motors and generators in variable settings including reversible
electrical machines which act as both a motor and generator.
Application Examples:
Motor Reversible System Generator
Copyright EXRO Technologies Inc. 2017 - Confidential 9
DPM Initial Market Focus
Validation through industry collaborations in threekey markets:
Wind Energy UAV - Drones Electric / Hybrid Vehicles
• 99% of all electricity is created using electrical generators.
• Over 50% of electricity is consumed by electric motors.
Copyright EXRO Technologies Inc. 2017 - Confidential 10Wind Industry Commercialization Path Set up technology demonstration center to quantify DPM wind efficiency Q4 2017 gains Establish wind modeling and initial collaboration partner Q1 2018 Secure global equipment supplier collaboration to integrate DPM into Q2 2018 wind turbines and develop plan for approval and adoption in large scale machines Secure major power producer collaboration to capitalize on Q3 2018 the opportunity to retrofit existing large scale machines License DPM to global partners and execute market roll out Q1 2019 strategy for both new equipment and retrofit for customers Copyright EXRO Technologies Inc. 2017 - Confidential 11
UAV / Drone Industry ValueProposition • Eliminates catastrophic loss of drone, possibly over hostile territory, by isolating a failed coil (coils in today’s machines cannot be isolated). • Efficiency improvements and weight reduction offer greater range or payload. • Provides a potential means for dual redundant ignition. Copyright EXRO Technologies Inc. 2017 - Confidential 12
UAV / Drone Commercialization Path
Signed agreement with Northwest UAV, the leading supplier of Q1 2016
propulsion systems for drones in the United States
Complete bench test validation Q1 2018
Complete test flight and sign royalty bearing license Q2 2018
First commercial revenue Q4 2018
Diversify applications including delivery,
surveillance, military, and electric motor
opportunities
Copyright EXRO Technologies Inc. 2017 - Confidential 13Electric / Hybrid Vehicle
Value Proposition
• Range improvements by reduced electricity consumption and greater
power regeneration when braking
• Performance improvements (alternate torque profile)
• Potential cost and/or weight reduction
Copyright EXRO Technologies Inc. 2017 - Confidential 14Electric / Hybrid Vehicle
Commercialization Path
Initiate pilot collaboration to gather feasibility data and Q1 2018
begin developing contacts to the industry
Secure first major industry partner for Q3 2018
developing, commercializing and licensing DPM
Expand collaborations and licensing to Q4 2018
strategically selected global partners
Copyright EXRO Technologies Inc. 2017 - Confidential 15Commercialization Strategy
and Business Model
Commercialization Strategy Business Model
Technology Co-Development Partnership Strategy
To secure partnerships with leading
Commercialization companies who manage their own
Commercialize DPM through strategic technology and engineering, manufacturing,
partners for specific market applications marketing, distribution and service
Initial Markets Revenue Model / Licensing
Exro will focus on near term market Exro plans to licence its DPM technology to
opportunities with a strong value companies in all relevant markets where DPM
proposition and low execution risk adds value, similar to the Dolby model.
Co-development fees - Upfront licensing fees
Ongoing royalties targeted
Copyright EXRO Technologies Inc. 2017 - Confidential 16Intellectual Property
Supports Licensing Model
All Exro technology and intellectual property is wholly-owned in five
patent families providing or seeking global protection in strategically
important countries.
• 9 Granted Patents - 6 US and 3 Foreign
• 2 Allowed Applications -Both US
• 10 Pending Applications - 2 US and 8 Foreign
• Further patents under development
Copyright EXRO Technologies Inc. 2017 - Confidential 17Corporate Structure Corporate Structure Exro is a publicly traded company listed on the Canadian Securities Exchange under the ticker symbol XRO. Exro has a strong Board of Directors and experienced advisor support along with a committed team of professionals to drive the technology to commercial success. Capitalization Issued & Outstanding: 46,090,844 Fully Diluted: 51,522,422 Copyright EXRO Technologies Inc. 2017 - Confidential 18
Team
EXECUTIVE James Topham, FCPA
Mark Godsy, Chairman & CEO Past Head of Technology for KPMG, Vancouver.
Serial technology entrepreneur involved in many successful ventures
including two of Canada’s most successful biotech companies. John McNicol
Executive with a proven track record of building high growth international
Jonathan Ritchey, Founder and Chief Scientist, Board of Directors companies from early start up through periods of substantial asset investment,
Founder, inventor and chief designer for Exro’s technology. rapid sales growth and significant shareholder value appreciation.
Torsten Broeer, Chief Technical Officer Jamie Chapman
With over 25 years of industry and project experience in the conventional and Technology pioneer in the wind industry and currently a technical and strategic
renewable energy engineering field, Mr Broeer holds a Ph.D. in Mechanical advisor to companies, leading technical and Government institutions and
Engineering, a M.Sc. in Renewable Energy, and B.Sc. in Electrical Engineering. laboratories.
John Meekison, CFO James Tansey
With over 12 years of public and private experience, Mr Meekison is a career CFO. Associate Professor, Sauder School of Business, UBC. Executive Director of the
As an investment banker, he has over 15 years experience raising equity captial. Sauder Centre for Social Innovation and Impact Investing and the UBC
He is a CPA, Certified Management Accountant, Certified Investment Manager, Sustainability Initiative. Founder of NatureBank Asset Management. Served on
and Professional Logistician, and holds a BA from University of British Columbia. BC's Green Energy Advisory Task Force, Climate Leadership Team and FAC on
Social Innovation and Finance.
Eamonn Percy, Strategic Advisor, Board of Directors
Global business growth advisor and cleantech expert. Former President of INDEPENDENT BOARD MEMBERS
Powertech Labs (leading global utility engineering products and services Frank Borowicz, QC
company). Former VP, Operations of Ballard Power Systems (a leading fuel cell Governor, Greater Vancouver Board of Trade, Director of Hemisphere Energy and
company). B. Eng. (Electrical) & MBA (Finance) several private companies, past Chair of BC Industry Training Authority, and
retired senior partner of Davis LLP (DLA Piper).
Lyle McLennan, Investor Relations
Financial advisor with over 20 years in the finance industry working principally Jill Bodkin
with growth technology companies. Past Chair of the Vancouver Board of Trade, Westport Innovations, the BC
Securities Commission with deep experience in financing, including EY corporate
ADVISORS finance partner advising growth companies on international expansion, and
Andreas Truckenbrodt infrastructure in Canada and Asia. Boards include Yaletown Ventures VCC, and
Strategic and Technical Advisor to Clean Energy companies and past Head of Laurentian Bank.
Advanced Transportation Technologies for Daimler.
Daniel McGahn
Don Safnuk Currently CEO of American Superconductor Corporation (“AMSC”). Joined AMSC
Founder and CEO of one of Canada’s leading tech recruiting firms. Founding in 2006 as VP, Strategic Planning and Corporate Development, later promoted to
partner of BC's Social Venture’s Partners and a past Member of the Premier’s President and COO responsible for AMSC’s global operations. M.Sc. and B.Sc. in
Technology Council. Engineering, MIT.
Copyright EXRO Technologies Inc. 2017 - Confidential 19Key Reasons for Investment • Proprietary game changing technology with wide range of diversified markets. • Environmental benefits for all applications and access to government and private sector funding opportunities. • Licensing and royalty model offers faster path to market with potential for high profit margins. • Building market with industry partners provides shared commercialization cost and access to partner knowledge and resources, thereby reducing risk. • Unique one of a kind investment opportunity with a proven management team. Copyright EXRO Technologies Inc. 2017 - Confidential 20
Thankyou
For more information please contact:
Lyle McLennan
Head of Investor Relations
lmclennan@exro.com
604 808 9221
Exro Technologies
2820-200 Granville Street
Vancouver, BC V6C 1S4
Intelligent Revolution
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