advent technologies presentation 6 august 2015

8/20/2019 Advent Technologies Presentation 6 August 2015

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Advent Technologieer in High Temperature PEM


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Has quietly consolidated the high temperature PEM fuel cell businesso Licensed competing high temperature MEA technologyo MoI for uCHP system providing heat and power

Advent echnologies Inc!

Advent is the leader in High emperature Membrane Electrode Assem"H MEA#o $peration at %&' oC ( )'' oC using liquid crystal polymerso MEA components manufactured low cost* high yield roll+to+roll processes,enture funded with grant support from European and -. agencieso /&!&M investorso

/&!0M grants* contracts and product saleso Currently raising bridge funding and evaluating strategic partners

1elaware C Corp* H2 in Cambridge* Massachusetts * manufacturing inPatras* 3reeceo 4%5 employees* 0 with advanced degrees


3/15

echnology

6A.7 ransaction 1eal erms

Catalyst coated on carbonspeed

Advanced coating proces1epartment of Energy M

Award )'%<

Potent combination= manufacturing simplicityof PEM and established durability of a

phosphoric acid electrolyte

Electrode eMembrane echnology

Pyridine based

NNN

NH

H

[]n

Imida>ole based

or

Add acid

Have made MEAs ? %*'''

ON

O YO

x y

X XO

N

N

O X

z

O


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H PEM technology wor8s with natural gas

E@plosion of low cost methanePropane distribution system

setew biogas plants

Highest eBciency w combined heat andelectric

:eadily uses reformed hydrogen frommethane* propane* biogas

ell+established supply chain ;manufacturing

Hydrocarbons

H PEM


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ew Application= Hydrogen .eparation

Electrochemical Hydroge"EH.#• :un MEA Dbac8wards

• Apply power• Produces pure H) from contam

• Can supplement steam reformhigher purity hydrogen

6eneFt to Customers• Can capture unused hydrogen

e@haust

• .ell as product G e@pand presthat use hydrogen and power

• .tore andor send bac8 to fueadditional gains in power and

Industrial Hydrogen Mar8et

• Merchant Mar8et ? /''Myr

• Application ranges .pecialty Chemicals*Electronics* Metallurgy* Edible $ils ; 7atsHydrogenation* 3lass* -tilities* :esearch ;1evelopment

• 3reat potential to add value by purifying tailgas from these processes

• An industrial device that produces power andhydrogen from natural gas represents a brea8+through product


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orldwide E@tensive Patent Coverage


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Products

High emperature 7C MEAs $perates %&' oC ( )'Commercial supply c

Hydrogen PuriFcation MEAs ?JJ!JK H) starting w

Customer scaled systH)day from 7C anode

High emperature .tac8s .elling stac8s todayPending license for < combined heat and psystem operating on

and propane


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Competition in High emperature MEAs

Company Membrane ype .trengths e

Advent P."Including Licensed

echnology

1anish Power.ystems

Elcoma@

7umatech

P.+doped

P6I throughPPA process

P6I blend

P6I+doped

P6I "customer dopes acid#

%'oC stability

Acid management

Advanced electrodes

,ery high acid

ougher membrane vs6A.7

E@perienced MEAmanufacturer

:eadily purchased

Capa

elimi

%&'oC PrimarElcore

$nly


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6A.7 .trategic :elationship

High emperature MEAs• Advent received license for 6A.7Os P6I MEA

• Includes advanced electrode technology• Advent is now serving 6A.7 P6I customers* including those with commesystems on the mar8et

Electrochemical Hydrogen .eparation "EH.#• At lab scale* 6A.7 identiFed EH. greatly improving an internal large sc

process• 6A.7 has committed program to developing plant on this process• Advent established as 8ey partner


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.elected Advent customerspartners


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7inancial

7IACI3 HI.$:

1AE ,AL-AI$ "-.1#

A

)''5

)''0

)''J%

'

)'%%%

)

) million

%' million

)' million

Convertible loan

.trategic

.trategic

o dateo

/&!&M investorso /&!0M grants* contracts and product sales

$PE:AI$AL 7-1I3

:E,E-E P:$RECI$.

E6I1A

:evenue

E6I1A

Cash

7low

)'%<

'!5 million

"%!%# million

"%! million

)'%Q

%!' million

"'!


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Vasilis regoriou! "E#

Co+founder! Previous appointments at Polaroid Corp* Princeton* MI* ortheastern* 7$:H+ICEHPh!1! 1u8e -niversity* M6A program ortheastern -niversity

E@perienced Management eam

Emory $e "astro! "T#

Previous appointments at 6A.7 7uel Cell Inc!* PEMEA.* Inc!* and 1e ora !A!* E+E1ivision!Ph!1! -niversity of Cincinnati* 6!.! 1u8e -niversity

6oard of 1irectors• Christos as8avelis ( Co+founder and former C$$ ,elti• Ion sa8onas ( CE$ Piraeus Capital Management• ,asilis 3regoriou ( CE$ Advent echnologies

Advisory 6oard• rent Molter ( CE$* .ustainable Innovations* founder Proton Energy Corporation!

Ph!1! -! Connecticut* -.A• .anTeev Mu8erTee ( 1irector* -C:E ortheastern -niversity* 6oston* MA* -.A• Prabha8ar .ingh ( 1irector* Center for Clean Energy Engineering "C)E)# -!

Connecticut* -.A


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ew /%!)5M ( two year 1epartment of Energy "1$E

#%&ective= 1emonstrate direct dimethyl ether "1ME# o@idatiotemperature MEA and Los Alamos ational Laboratory "LAL#signiFcantly outperforming state+of+art direct methanol fuel ce

'elevance( 1ME is a carbon neutral hydrogen carrier that caboth for internal combustion and cost e9ective au@iliary fuel ctransport vehicles

Approach( Incorporate new ternary anode catalyst in gas di9

electrodes designed for high temperature MEAs! Evaluate withdi9erent high temperature membranes "P6I and P.#! $ptimi>conditions"ost )hare( /)5'8


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1$E ProposalOs impact ( wind to wheels

C$)

H)

e@tract

electrolysis

reaction

$ME .tore1istribute

1ME is hydrogen carrier and stores renewable ene

1id you 8nowU1ME has cetane numbLiquiFes and can be h

"2H+#


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7inancing and -se of Proceeds

• Advent see,s -5 million to sustain %eing the HT MEA leader aplayer in the .uel cell and H2 separation sector

he funds will be used to=• Establish an Advent -. manufacturing facility* e@pand -. based busine

development and customer support!• .upport commercial sales "C$3s# for commercial accounts such as -ltr

.erEnergy

• 7urther develop and e@ploit electrochemical hydrogen separation• Leverage recent MoI with 6I3 Energy license of

advent technologies presentation 6 august 2015

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