Advanced Magnetic

Core Technology

Value Proposition of Advanced Magnetics

▪ Power transformation components need to be efficient /smaller / smarter:

Conventional Power Transformer

(60Hz – 2,200lbs)

High Frequency Transformer

(20kHz – 3 @150lbs)

Rationale

▪ New magnetic core technologies are needed for:

Electric Vehicles / AviationGrid Modernization Industrial Motor Controls

▪ Solid State Transformers

▪ Inductors

▪ Sensors

▪ Inductors

▪ Sensors

▪ Motors

▪ Inductors

▪ Sensors

Market Opportunities

Market Segment

▪ Current Transformer

Market: Expected to

Reach $277M by

2021.

▪ Inductor Market:

Expected to Reach $4B

in 2022.

▪ Electric Vehicle Market:

▪ Expected to Reach

$731B by 2027.

▪ By 2040, 54% of

new car sales and

33% of the global

fleet will be electric.

▪ Photovoltaic (PV)

Inverter Market: >$6B

in 2015, Forecasted to

Grow 13% Annually

From 2016-2024.

▪ Solid State Transformer

Market: Expected

Market Growth Rate is

24.7% CAGR from

2017-2020.

Example Fast Growing Market

▪ Hybrid electric vehicle powertrain benefits from new technology:

DC-DC Converter

On-Board Charger

Electric Motor

Inverter

Better Thermal PerformanceFaster Charging Longer Range

Underlying Innovations

▪ A patented combined material + process introduces new capability:

▪ Eliminates the Gapping

Step and Wasted

Energy

▪ Scalable Reel-to-Reel Process

Removes Furnace Size Restrictions

▪ Spans Entire Range of

Inductive Applications

Scaled ManufacturingLow Magnetic Permeability In-Line Permeability Control

Product Overview

▪ The patented combined material + process addresses key challenges:

▪ 25% Peak Temperature Reduction

▪ Further Improvements Possible

▪ Volume Reduced 2-3X

▪ Weight Reduced up to 10X

▪ In Some Applications, 25X

▪ 99.5% Efficient Transformer

Designs Possible

▪ 99% Converter Efficiency

EfficiencyPower DensityThermal Management

Go To Market Strategy

Technology (Order of Technology Maturation) Markets

Inductors EVs, Filter Inductors, Power Inductors, Hybrid Electric Aircraft

Current Transformers EVs, AC Breakers, Distribution and Transmission Lines

Solid State Transformers EVs, Grid-Tied Inverters.

Motors EVs, Industrial Motors, Hybrid Electric Aircraft

CorePower Magnetics:

Advanced Manufacturing, Value-

Added Design, Component

Fabrication and Test Validation

CustomersFeedstock ProductSuppliers

Supply Chain – Ribbon to Part

Competing Technologies

Team and Technical Expertise

• The Founders are Seeking to Identify Key Team Members

Strategic Positions Sought:

1. CEO

2. Application Engineer

Key IP to Be Leveraged:

1. Material / Process Core Tech (Patented)

2. Furnace Technology (Patent Pending)