fcetintroduction for in no venture rev 05-07-2012

8/2/2019 FCETIntroduction for In No Venture REV 05-07-2012

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FCET, LLC(Stands for Fuel Cell Enabling Technologies)

Who we are and what were up to

Markets we envisionPartnering opportunities


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First of all, whats a fuel cell?

Fuel cells produce electricity very efficiently2 timesas much as gas turbines using the same amount of gas

Fuel cells have 3-layerswith the middle layer being anelectrolyte (like a battery)but fuel cells use externalfuel (unlike a battery) and dont run down

No fuel cell burns fuel; the reaction is catalytic

Different types of fuel cells have different structures &operating temperatures and are for diverse uses


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Its important to know that there are

different types of fuel cells

Two examples: Polymer Membrane: for automotive power

Molten Carbonate (e.g. Fuel Cell Energy)plus someothersbut FCET focuses on SOFCs:

Why Solid Oxide Fuel Cells (SOFCs)? because we canuse patented C3 thin film ceramic technology that isunique to FCET

SOFCs are also called ceramic fuel cells because theircentral electrolyte layer is made of solid ceramic


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So, whats the big deal about fuel cells?

Energy conservationwhen fuel cells convert fuel to

electricity, they waste less energy than any other method

Other ways of producing electricity (such as steamturbines) burnfuel (coal or gas) to make electricity and

this is less efficient than catalytic oxidation

Fuel cells drastically reduce (and can even eliminate)carbon gas emissions

Fuel cells can be small or large (they are scalable)


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What about solid oxide fuel cells makes

them especially appealing?

Fuel-Flexible: can use fossil-fuels such as natural gas

(dont need pure hydrogenbut can run on biogas or hydrogen)

Produce very low carbon emissionseven with fossil-fuels

(but emit only water & electricity from hydrogen)

Operate very quietly (unlike noisy generators)

Are independent of (but compatible with) the utility grid

Stationary electrical generation at point-of-use (households,hospitals, factories, etc.)this is also called distributed power


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But all these companies face one major

obstacle that they havent overcome:

High Costs

For the market to grow, all the companies in the hunt

must lower costs in order to supply electricity at

competitive rates

The goal: equal price to electricity from the grid DOE says this is $400/Watt

Commercial SOFCs are at about $1000/Watt

SOFCs operate @ high temperatures (up to 1000

C):this is extremesteel glows red-hot

High temperatures = high cost of electricity


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Why is high temperature a problem?

Expensive & exotic materials must be used in order towithstand such a severe environment

Rugged materials are hard to fabricate and form

Manufacturing yield is low (mfg. scrap rate is high)

Corrosion of metals occurs quickly under hightemperatures & severe conditions (oxidation/reduction)

Operating-life is compromised & long-term reliability ishard to achieve


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Which brings us to FCET

FCET is an acronym for

Fuel Cell Enabling Technologies, LLC

FCET uses a patented C3-method to make very thinfilms (< 1 micron) of metal oxides in SOFCs

This unique method for making thin films can enableSOFCs to overcome the biggest obstacle that they face


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Partnering Opportunities

Investing Opportunities *

Strategic Partner Opportunities

* This presentation is not a solicitation for purchasing securities.


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For More Details

Contact Paul Fisher at 330-730-8750 to set up anappointment

fcetintroduction for in no venture rev 05-07-2012

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