InnoVenture 2013

SAGE Energy Solutions Fuel Reformer Technology for LPG Fuel Cells
SAGE Energy Solutions University of South Carolina Strategic Approaches to the Generation of Electricity May 2013

May 2013

Market Summary
InnoVenture 2013

Govt Accountability Office - $2.1B/yr spent on power sources (mainly batteries)1 Teal Group - $9B/yr spent on battery-powered drones in the US2
2 hrs flight when battery powered, 26 hrs with fuel cells3 2005-2010: US approved $380M of drone exports Canada & Australia to spend $1B and $3B per annum4

Sulfurized fuel for cooking

Military: expensive to make specialized jet fuel burners SBIR solicitation A13-045, February 20135 Developing countries use dirty fuels for cooking:6 703 TWh of energy used from oil 75% of non-OECD residents burn dirty biowaste or charcoal

May 2013

Environmental Innovation
InnoVenture 2013

Burning sulfurous fuels present health hazards - Developing countries have the highest sulfur concentrations
Fuel Sulphur Levels: Global Status, 2006
Concentration in ppm

May 2013

Market Pains
Whats wrong with batteries? 0.1-0.3 kJ/cm3 energy density (LPG = 26 kJ/cm3) 1-5 hrs recharge Cooking with sulfur-containing fuel1 respiratory problems and asthma acidification of local environments Absent LPG infrastructure (DARPA project) costly or inconsistent supply enormous capital costs to build
InnoVenture 2013 May 2013

Our solution
InnoVenture 2013

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Produce liquefied petroleum gas (LPG) from jet fuel (JP-8) (Patented: US 2013/0041198 A1)
LPG is easy to store and transport Maintains fuels high energy density

Catalytic cracking method requires only fuel and air Evaporator Reactor
No purified O2 JP-8 in No water No desulfurization
JP-8 reservoir Recycle pump

May 2013

LPG out

Condensor

Project History
Want to enable LPG-powered military devices Fuel supply routes No LPG supply Non-trivial logistics and safety planning
convoy attacks

May 2013

InnoVenture 2013

LPG SOFC Stalker XE; Lockheed Martin

Distilled Performance
Developed a zeolite based catalyst
InnoVenture 2013

Resists coking Improves burn-off in air (450-500C)

Up to 40 wt% instantaneous conversion

20 gJP-8/hr produces 6 gLPG/hr over 10 hrs 400-600C, 1 atm

May 2013

No sulfur poisoning Only fuel and air required

A Company is Born
Fuel Cell Challenge1
USC internal competition Seeks to commercialize lab-developed tech $25k over 6-month time period
InnoVenture 2013

CETi2 assistance
May 2013

Provides us start-up advising Walk us through legalities (i.e. licensing, LLC application)

Company Members

InnoVenture 2013

Dr. Jochen Lauterbach, CEO & inventor

SAGE Director 20+ yrs surface science research 85 publications, 6 book chapters, numerous invited presentations oversees experimental methods prototype planning and construction business communications primary experimentalist analyzing and presenting data results worked on JP-8 fuel conversion for three years contributions in experimental design and data scrutiny handles grant writing and editing, receiving entrepreneurial mentoring communications with the University's business school, intellectual property office, and research office

Dr. Erdem Sasmaz, COO

Mr. Sungtak Kim, CTO & inventor

May 2013

Mr. Michael Mayeda, CFO

IP Strategy
InnoVenture 2013

Patent portfolio owned by University of South Carolina (Patented: US 2013/0041198 A1)

Willing to enter license negotiations with SAGE Energy Solutions, LLC

Two members are inventors on patent

May 2013

Intend to patent current and future improvements to catalytic cracking process