picarro overview and the looming sub-prime carbon crisis

Carbon Subprime Crisis

Michael R. Woelk

President & CEO, Picarro, Inc.

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Greenhouse gas emissions are increasing.

The climate is changing causing hydrological patterns to shift.

Nations are responding.

A green economy is emerging.

$Trillion carbon markets are coming.

BUT:

How will we know whether the legislative policies are working?

What if the green economy doesn’t actually reduce emissions?

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“I don’t see (subprime mortgage market troubles)

imposing a serious problem. I think it’s going to be largely contained.” ...Henry Paulson

“There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues.”...Kenneth Lay

Measure then Trust

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Financial Perspective

$1.3$0.9

$3.5

Sub Prime RealEstate Mar 07

Sub Prime RealEstate Mar 08

Forecasted CarbonMarket 2020

$62.5 Trillion

$36.6 Trillion

Trillion

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NOAA’s Current GHG Network

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Contrast the National Air Monitoring Network

1,080 Stations 4,000 Stations

Measure: particulate matter, sulfur dioxide, carbon monoxide, nitrogen dioxide, ozone, and lead

•To judge compliance with and/or progress made toward meeting ambient air quality standards.

•To activate emergency control procedures that prevent or alleviate air pollution episodes.

•To observe pollution trends throughout the region, including non-urban areas.

•To provide a data base for research evaluation of effects

The purpose according to the EPA is:

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Measurement Anywhere - Anytime

Ships

Aircraft

HighwaysTelecom

Buildings

Cities

Fields

Mountains

Landfills Glaciers

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GHG Measurements at any Scale

•Global Scale

•Climate Change

•Regional Scale Flux

•States, Cities

•Local Scale Flux

•Regulated Sources

Drill down Drill down

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Measurements anyone can make

1.Remove from box

2.Plug in and begin measuring

10”

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The Company

• Award winning manufacturer of the world’s highest performance and easiest to use gas analyzers

• Founded 1998 to develop innovative laser-based solutions

• 9 Patents exclusive licensed from Stanford

• Located in Silicon Valley California

• Backed by marquis venture capital investors

2008 R&D 100 Award

2009 Pittcon Editor’s Choice

2009 Frost & Sullivan Technology of the

Year Award

2009 Wall Street Journal Technology Innovation