Speaker: Andrey Kuznetsov, C.E.O., Ph.D.

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RANK L.L.C.

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Overview

Short and thin piezoelectric downhole pump unit for oil production from wells

For exhausted and abandoned wells, for wells with liners and patches,for strongly curved wells, for viscous oil

Breakthrough patented technology

Market: 37000 wells in Russia,200000 wells in USA

Customers: oil producing companies, oil servicing companies

Seeking: capital and partners

Inchworm Piezoelectric Stepping Motor

Piezoelectric Pump Unit(patented by RANK LLC)

1. Casing2. Extender piezoelectric section3. Rear clamping section4. Front clamping section5. Piston6. Protector (bellows)

Technology

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Technology

Field: oil extraction from wells

Proprietary breakthrough invented technology

Patent for Invention of Russia #2452872. US Patent application is filed. PCT application for piezoactuator is filed

Working prototype of small scale

Piezoelectric motors: very high power density (up to 500 times)

Electric drive by cable, small diameter (86 mm), short length (4 m), high efficiency, simplicity of the pump unit

Emitting of acoustic waves may increase oil extraction

Expected capacity up to 60 bar/day at a head of 2500 m

Plans for production: parts outsourcing and pump units assembling

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Value Proposition

A problem will be solved of oil extraction from exhaustedand abandoned wells containing liners, patches and curved segments

Oil production of the Customers will be increased, costs reduced

Customers will prefer the Product due to:

Small diameter, short length

Electric drive by cable like centrifugal ESP

Simplicity of design, competitive price

Ability to produce viscous oil

High efficiency

Replaces centrifugal ESP when well productivity decreases(no need in groundwork or pumping jack)

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Market for the Product (yearly)

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Market for the Product

Market: oil fields all over the world, mostly in Russia and US

No pump unit in the market that can be able to produce oil from narrowed(with liners and patches) and strongly curved deep wells at high efficiency and low capacity

Market of marginal oil producers grows internationally

37000 wells in Russia (1/5 of 185000): annually USD 740 M

200000 marginal producers in USA(1/3 of 600000): annually USD 4000 M

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Timeline

1. A small size prototype of the pump unit development.Laboratory testing of the prototype fulfilled

2. A full size prototype and a control unit are designed, produced and tested in an oil well July, 2016

3. A pilot lot of the pump units is designed, simulated on a computer, produced and tested in oil wells January, 2017

4. An assembly production line is arranged. Production of pump units and sales are started July, 2017

5. Break-even point October, 2017

6. Start of technology licensing November, 2017

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Timeline

Funding:

1st stage of the project (small size working prototype). 100% Grant of Skolkovo fund: USD 100,000

2nd stage (full size working prototype). Need: USD 500,00050% Grant of Skolkovo fund: USD 250,00050% Investment: USD 250,000

3rd stage (pilot lot). Need: USD 800,00050% Grant of Skolkovo fund: USD 400,00050% Investment: USD 400,000

4th stage (assembly production line). Need: USD 2,400,00025% Grant of Skolkovo fund USD 600,00075% Investment USD 1,800,000

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Management Team

Andrey Kuznetsov, Ph.D., Director of RANK LLCBackground: Mechanical engineering. R&D management for the submersible oil pumping units. Interaction with foreign customers and suppliers of innovative products."Oilfield Equipment Development Center Ltd“, Tire Research Institute

Andrey Ruhman, Ph.D., Senior Researcher, Responsible for Piezomotor CalculationsBackground: Development and implementation of ultrasonic piezoelectric equipment and technologies. "Afalina LLC“, Technical University MADI, “Moscow Radio Technical Factory”

Vladimir Patrashov, Senior Researcher, Responsible for Electronic Control StationBackground: Developing, manufacture of electronic and instrumentation equipment. Development of transceivers for short-range location.NTC "New Technologies," "Grad-Technology LLC", Research Institute of Electrical Engineering

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Needs

1. Need assistance in marketing the product

2. Need capital for: 2nd stage of the project (full size working prototype).

50% in amount of USD 250,000in July, 2015

3rd stage (pilot lot of pump units)50% in amount of USD 400,000in July, 2016

4th stage (assembly production line) 75% in amount of USD 1,800,000in January, 2017

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Summary

SummaryShort and thin piezoelectric downhole pump unit for oil

production from wells at capacity up to 60 bar/day at a head of 2500 m

For stripper wells, for wells with liners and patches, for strongly curved wells, for viscous oil

Electric drive. No need in groundwork or pumping jackBreakthrough patented technologyMarket: 37,000 wells in Russia; 200,000 wells in USA,

annually for USD 4.7 B Customers: oil producing companies, oil servicing

companies

Contacts

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CONTACTS: Russia, City of Moscow,Andrey Kuznetsov, Director of RANK LLC,Email: akuznet@orc.ru

Phone: +7 (985) 411-29-63

Internet: http://community.sk.ru/net/1120435