SAVD Solar2013 TransTech Energy Business Development Conference

Self Aligning Vertical Dipole

Mark Vernallis Founder and CEO

Dr. Hong Koo KimFounder and CTO

Tim Fogarty & Tim AppleberryFounders /Directors

Team

• The global market for solar cells is over $30 billion and is growing rapidly.

• Market demand in the US alone has grown 44% annually over the last 6 years.

• SAVD technology applies to over 90% of solar cells.

MarketFacts

Solar Is Inefficient

Snell’s Law: Light entering solar panels are refracted at very inefficient angles.

Inefficient angles direct light downward into the cell resulting in poor energy conversion due to:• Higher bounce-back reflection

• Shorter paths (opportunities) for photon conversion

• Inefficient distances from the conversion junction

Our patent-pending process dramatically improves solar cell efficiency by more than 50% in the lab

SAVD Solar Inc.

SAVD RedirectsLight

SAVD’s proprietary technology builds nanostructures on solar cells that redirect light into the active layer more efficiently (where the light is absorbed and electrons are generated & collected), thereby overcoming Snell’s Law: • Enhances light absorption from increased optical path

length that is closer to absorption/junction field

• Diminishes adverse impact from “bad angle” in morning and afternoon (maximizes energy absorption at oblique angle)

SAVD t e c h n o l o g y

ligh

t

Process

• SAVD Solar process only expected to add 5-6% to total costs (but will improve efficiency 50%+)

• Uses standard semi-conductor manufacturing processes

• Scalable

Conventional cells: Light enters into silicon normal to the surface through horizontal dipoles.

SAVD builds nanoscale vertical dipoles (right) that directs light into glancing direction.

• Different from other coating technologies because our technology not only dramatically decreases reflection, by overcoming Snell’s law, we dramatically increase energy absorption and carrier collection.

• Early lab results so far show that SAVD’s technology far exceeds current commercial efficiencies for solar cells.

• We believe once optimization work is completed that SAVD’s technology will make solar cost competitive to coal and natural gas.

• SAVD technology is the ‘last step’ (back-end process) in cell manufacturing - we are insulated from price fluctuations of silicon and other material prices. No potential for another Solyndra.

• This technological potential is a billion dollar opportunity.

Facts

Research• National Science Foundation • University of Pittsburgh• Innovation Works • PA NanoMaterials Commercialization Center• University of Louisville

Over $1 million in non-dilutive funding

1st Round Venture Capital Crimson Hill LP

Funding GoalsSeeking $1.5 million for commercialization

Funding

Our productA proprietary ‘finishing’ step using proven manufacturing processes, applicable to 90% of solar cells to dramatically increase efficiency by 50% or more

Our market Large utility customers and major manufacturers as licensees

ProtectionBroad US and worldwide patents pending

Value SAVD achieves grid parity. We make solar cost-competitive to coal and natural gas

KeyPoints

Why Us?Why Now?

Proven research team/technology visionary

Seasoned entrepreneurs

University of Albany College of NanoScale Science and Engineering partnership

University of Pittsburgh partnership

Compelling value proposition

Large and rapidly growing global market

Proprietary technology

Potentially disruptive technology

Multiple paths to commercialization

Excellent capital raising environment for high-potential renewable energy commercialization

Recent market transactions with high value exits

SAVD Solar Inc.

Mark Vernallis - Founder and CEO• Experienced entrepreneur, C-level executive, start-up/turnaround

specialist and venture capitalist

Dr. Hong Koo Kim - Founder and CTO• Director of the Petersen Institute of NanoScience and Engineering,

University of Pittsburgh• World-renowned expert in the emerging field of nano-optics and nano-

electronics research

Tim Fogarty & Tim Appleberry – Founders /Directors• Fogarty was Director of Energy Programs at Innovation Works, one of

the most active early stage energy technology investors in the country. A seasoned executive, his accomplishments include growing a university start-up to a $250M publicly traded company.

• Appleberry has a proven track record as an inventor and global operations executive. He was twice named to Entrepreneur Magazine’s “Hot 100”.

Team