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Page 1: scalability. Further, by removing the cryptocurrency space ... · Energi is the cryptocurrency for world adoption. Energi will achieve this by fostering a self-funding and governance
Page 2: scalability. Further, by removing the cryptocurrency space ... · Energi is the cryptocurrency for world adoption. Energi will achieve this by fostering a self-funding and governance
Page 3: scalability. Further, by removing the cryptocurrency space ... · Energi is the cryptocurrency for world adoption. Energi will achieve this by fostering a self-funding and governance

Energi is the cryptocurrency for world adoption.

Energi will achieve this by fostering a self-funding and governance

system, absorbing and innovating the most advanced technology in

the space -- including full smart contract capabilities, and infinite

scalability. Further, by removing the cryptocurrency space’s

common barriers to entry, Energi will become the most user-friendly,

secure and trusted platform for building and trading value.

THE MISSION

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"It is not money for the internet but the internet of money."

— Andreas Antonopoulos

In the beginning, there was the World Wide Web [W3]. The "hypermedia information retrieval initiative, aiming to give universal access to a large universe of documents." ¹ These are the words rendered on the world's first website; outlining the initial plans for the internet. In the same year, HTML was born and shortly thereafter, the first batches of Internet browsers launched.

Almost 3 decades later, we are now experiencing the second 'wave' of the Internet’s evolution. Exchange of information is evolving into exchange of value, and value is one of the oldest forms of communication between human beings. This marks a historic economic turning point that will have significant socio-economic impacts on humanity.

In the forthcoming Internet of Value, billions of Internet users will exchange value — as efficiently and simply over decentralized blockchain networks as we currently exchange information today.

Blockchain technology has definitively shown great promise of utility for multiple applications, across many fields. Despite the potential, we have yet to see a new generation cryptocurrency gain mainstream mass adoption on a global scale.

THE EXISTING LANDSCAPE

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Reputation In the mainstream community, outside of the crypto-ecosystem, cryptocurrencies don’t have the best reputation. The media stories reaching the everyday person, most often by ‘soft news’ programming, social media and newspaper editorials, position themselves at the far ends of the emotional spectrum.

These stories fall into the ‘insta-millionaire’ and ‘victim of volatility’ speculation stories, narratives on global exchange ‘hacks’ or alternatively sudden drops or spikes in the market, which are far more effective as headlines, than a sideways market. When it comes to useful media reaching the potential mainstream adopter, there is little bandwidth left for useful, objective information about the reality of this emerging technology.

There is an emerging need for cryptocurrencies, nonetheless, cryptocurrencies are only at 0.5% adoption globally.² A strategically designed cryptocurrency that can scale and maximize value for the world represents a welcome alternative at this moment in time. Right now, top cryptocurrencies don’t have all that it takes to serve this need.

THE PROBLEM

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ComplexityCryptocurrencies are far too complex for most and the barrier to entry is much higher than mainstream adopters can currently tolerate. Exchanges often involve significant user friction, and the trading of value between cryptocurrencies is often disjointed and time-consuming. In the cryptocurrency space, users are wholly responsible for their coins, wallets, accounts and general online safety. When funds become inaccessible, get hacked or are transferred to an incorrect account, there is no safety net of a help desk number to fall back on.

There are a number of problems to overcome for cryptocurrencies to be adopted as a mass currency for exchanging value, and Energi is working towards solving these problems.

Structural & Financial StabilityMany coins give too many rewards to miners, such that money is leaking from the cryptocurrency’s organization. As an end result,the cryptocurrency often has little to no growth potential, and contributors are not paid (e.g. Bitcoin). To meet this need for resources, many cryptocurrencies rely on donations and voluntary developers, since they don’t have self sustaining models. Some altcoins, such as Ethereum, do a good job but still face some blockchain issues with security and scaling — and thus do not possess the means to generate a properly long-term and sustainable method of funding. Other top cryptocurrencies don’t seem to have the leadership and vision in place, to secure their project’s survival. In order to scale and cultivate innovation properly, the cryptocurrency space needs self-funding models driven heavily by governance.

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The Energi Ecosystem will focus around the 4 Energi principles of mass adoption:

● Trust ● Awareness ● Usability ● Availability

HARNESS THE ENERGIBuilding a solid foundation: the large self-funding treasury system with on-chain governance. Building a strong support system: the Energi community. Building mechanisms of growth and stability: the Earndrop marketing campaigns and Energi Masternode network with strong rewards. (Earndrop is Energi’s airdrop campaign, whereby community members are rewarded NRG and also have the opportunity to ‘earn’ additional coins by participating in simple social media tasks to support brand awareness.)

FOCUS THE ENERGIBuilding the Ecosystem. Extending capabilities to bring dApps and cryptocurrencies onto the Energi Platform with a focus on Trust, Awareness, Usability and Availability. Creating a Smart Contract Platform for the issuance of Digital Services between systems. Energi’s services for new and existing ICOs will include:

● Energi Incubator Program (Atomic Labs)● Energi Defense and the Energi Bureau of Investigations (EBI)● Energi Engineering Support and the Energi Development Portal (EDP)● Energi Marketing Toolkit (EMT)

Trust

Awareness

Usability

Availability

THE SOLUTION

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Energi is a self-funding cryptocurrency with a vision of bringing about mass-adoption of cryptocurrency. It features a self-funding treasury system and will eventually develop into a smart contract platform.

Self-funding:

Energi is self-funding through one of the largest treasury allocations in the space. This treasury funding allows for a viable long-term model that will grow the technology and the community. Funding the cryptocurrency means making investments where one dollar spent yields in much more than one dollar ROI. This positive feedback loop leads to exponential growth.

VALUE PROPOSITIONS

Marketing campaignsReach out to influencers

DevelopmentHire of thought leaders

ROIExtra investors

Added value for NRG

Treasury $$$$

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Equitability: Out of a desire to promote a fair, stable, long-term-oriented cryptocurrency ecosystem, Energi chose not to conduct and ICO, and not to do a pre-mine. This prevents pressure from external stakeholders, while also avoiding a long-term imbalance in NRG holdings between the Energi team members and the general public.

Smart Contract Platform: On top of its working blockchain system, with NRG being traded on 3 different exchanges,, Energi is in the process of developing a smart contract platform to further drive network effects that will support global adoption.

Governance: In combination with self-funding, a strong governance model allows Energi to avoid the pitfalls and amplify the successes of its predecessors — making community-driven decisions that will maximize scalability and drive global adoption.

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● Investor Use Case: Investors are able to hold masternodes, which confer voting rights as well as dividends. These allow upsides similar those of traditional shareholders’ preferred stock (cash flow / dividends) and common stock (voting rights) — alongside the advantages of the cryptocurrency space (privacy, security, and greater control).

● Partner Use Case: DApps, ICOs, and other projects will benefit from Energi’s smart contract platform. Rather than an exclusive focus on the transactions-per-second arms race common in the smart contract market, Energi will additionally provide heavy value-adds, such as technical expertise and continual governance / decision-making that will drive value to partnerships and projects based on their merit and their benefit to the Energi ecosystem.

● End-Consumer Use Case: The end consumer is able to use Energi as a store of value, as well as a utility (for transactions and for the smart contract / DApp ecosystem. Ultimately, the end user benefits from the positive feedback loop of investors and partners. The more that long-term investor-shareholders stabilize the value while driving positive decision-making, and the more partnerships (DApps / smart contracts) are onboarded, the more the user will find value storage and utility in the Energi ecosystem. As Energi grows, the Defence Department will be expanded to assist Energi Platform customers protect their investments from hackers and scammers. The department will work alongside law enforcement to investigate such incidents occurring on Energi’s platform.

USE CASES

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Energi will aim to create an Incubator Program that focuses on aiding early stage blockchain startups looking to build on the Energi platform.

This program will help to build out the high quality infrastructure projects needed on Energi’s platform. Energi will not only attract and invest in these high quality projects, but also advise these startups and ensure that the economics and business models are sound.

ICOs will be able to access a database of metrics and assessments to help evaluate their project and to ensure they meet investor requirements.

ENERGI PLATFORM: BUSINESS DEVELOPMENT

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The blockchain space is plagued with scammers and hackers looking to gain unauthorized access to funds. Energi believes this fear of bad actors in the space, and the perhaps intimidating security measures needed when you become your own bank are partly holding back mass adoption of cryptocurrencies.

Energi Defense and its investigative arm, the Energi Bureau of Investigations (EBI), will serve to protect its user base from hackers, scammers, and other bad actors in the space.

ICO’s will be able to access support for scam/hack incidents to provide a level of security for their investors/community. Energi will work with law enforcement around the world as well as cryptocurrency exchanges and other institutions to protect its users.

ENERGI PLATFORM: USER PROTECTIONS

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ICO teams are often small and often have to manage time-sensitive matters. Energi will offer ICO teams access to Energi’s growing developer team for help with issues such as technical guidance, smart contract auditing, and ensuring proper security measures are in place for their token sale.

Energi aims to make Energi an exceptionally developer-friendly platform for ICO’s to build on. Smart contracts will be able to be written in solidity, just like Ethereum.

Energi will also create an educational program to help existing developers learn about blockchain technology and gain the necessary skills in order to create blockchain projects.

ENERGI PLATFORM: ENGINEERING SUPPORT

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Energi has strong marketing systems in place in order to effectively communicate their vision and attract not only cryptocurrency enthusiasts, but people new to crypto as well. These systems involve taking full advantage of all social media available such as Facebook, Twitter, Telegram, Reddit, LinkedIn, and Steemit in order to reach as many users as possible. Energi has also created a YouTube video series, that aims to educate newcomers on not only Energi, but cryptocurrencies and blockchain technology as a whole.

Instead of doing an ICO, Energi’s founder, Tommy World Power, [www.tommyworldpower.com] chose to do large airdrop campaigns. These airdrop campaigns are a way of not only distributing a large portion of NRG coins, but also encouraging engagement with Energi social media platforms. This has helped to give Energi a very strong web presence. As of September 2018, Energi has a following of approximately 50,000 accounts in aggregate, across Telegram, Discord, Twitter, Facebook, Reddit, and other social media. Additionally, Energi has about 17,000 opt-in email addresses registered with Energi’s airdrop.

ENERGI PLATFORM: MARKETING SYSTEMS

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Energi Icon Aion Decred Pivx

Market cap. (M USD)* 1.6 261 96 331 55

Web Traffic Alexa

Ranking**184,000 171,000 148,000 193,000 257,000

Social Media

Following***50,000 120,000 170,000 49,000 95,000

Energi team members are also traveling to blockchain conferences around the world to share this vision, talk to potential investors, and meeting with high quality teams looking to run an ICO. Energi also aims to attract ICO’s to the platform, by offering them instant access to Energi Marketing Systems and Community Management Tools.

(Energi v1.0 launch - April 14, 2018)* Market capitalization in million USD by CoinMarketCap (www.coinmarketcap.com) on 28th of September 2018.** Alexa site ranking (https://www.alexa.com/siteinfo/) used for the following domains on 28th September 2018; https://www.energi.world/ https://www.icon.foundation/ https://aion.network/ https://www.decred.org/ http://www.pivx.org/*** Cumulated totals of Telegram, Discord, Twitter, Reddit, YouTube, Facebook, Github, LinkedIn, Gitter, Medium followings on 28th of September 2018.

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1 million Energi will be released every month and will be divided among the Energi Backbone, miners, masternodes and the treasury.

The breakdown of the allocations can be viewed below:

● 10% to the Energi Backbone

● 10% to Energi Miners (eventually transitioning to Proof of Stake)

● 40% to Energi Masternodes

● 40% to the Energi Treasury

The Energi backbone will serve as a reward for the vision and creation of Energi, and will incentivize future leadership and guidance.

Since Energi does not have a supply limit, its treasury and masternode allocations are highly essential to Energi’s performance and longevity.

THE EMISSION SCHEDULE

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A more in-depth look at Energi Mining:

● Hashing Algorithm: Energihash is based on, and very similar to Ethash with some modifications to ensure functionality with the Energi Blockchain.

● ASIC resistance: Much like Ethash, Energihash is I/O bound rather than CPU bound, so building an Energihash ASIC that is much more efficient than normal GPUs is relatively difficult.

● Recommended hardware includes AMD and NVidia GPUs with 4GB or higher VRAM.

● Energi’s official mining pool is in development and scheduled for release Q4 2018.

● Energi’s official mining pool is in development and scheduled for release in Q4 2018.

THE MINERS

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For any business to grow and succeed, it needs a strong backbone, to provide guidance, stability and support to the entire infrastructure.

Energi’s backbone consists of Tommy and anyone he chooses to share with privately. The 10% allocation, which is significantly lower than the typical 20-50% for ICO founders, gives Tommy the ability to help guide the Energi network into a successful and meaningful direction. Instead of going down the ICO route, this monthly incentive will be spread out gradually over Energi’s lifetime.

This will also ensure that the prosperity of Energi, not only for the short or medium term, but throughout its entirety. Energi had a fair launch and did not have any sort of pre-mine or insta-mine.

THE BACKBONE

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A masternode is a point of intersection / connection on a decentralized network. It provides a number of features like adding more privacy to transactions, instant or direct transactions, voting rights and governance to the blockchain network. A financial advantage of a masternode would be a consistent amount of passive income generated on a regular basis. Energi masternodes will possess all key features previously mentioned and will receive a 40% allocation of the 1 million energi generated per month.

THE MASTERNODES

Masternode ROI vs Startup Cost Comparison

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ROI Calculations:

If there are 400 Masternodes on the network, each Masternode (consisting of 10,000 NRG) will generate 1000 NRG per month, or 12,000 NRG per year. (400,000 Energi divided by 400 Masternodes per month). If instead there are 200 Masternodes on the network, each Masternode will generate over 2,000 NRG per month, or over 24,000 NRG per year. This will provide a massive return of well over 100% on Energi Masternodes per year (this will gradually decline over time).

Energi structured its Masternodes with very high payments in order to strongly reward Energi’s Masternode holders and encourage the community at large to invest in them. The requirements to run an Energi masternode are listed below:

● Energi Core Wallet● 10,000 Energi (NRG)● A Virtual Private Server (VPS) running 24/7● A dedicated IP Address for the VPS

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Many cryptocurrencies and government bodies have a treasury department and its purpose is to optimize liquidity, make sound financial decisions and reduce potential financial risks.

With a treasury model in place, Energi will be able to create value propositions such as growing its core team, ramping up marketing to continue to spread awareness on a larger scale, creating educational content, etc.

Users will have the ability to submit proposals which will then be voted on from users who have an Energi masternode. If a proposal gets enough votes from the community, the money stored in Energi’s treasury will be used to help fund said proposal.

THE TREASURY

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NRG as an AssetNRG is one of the few cryptocurrencies in the market that provides Masternode holders an asset. Why? An asset is defined as “future economic benefits are expected to flow to the entity.”³ Every month, all masternode holders will receive their portion of the 40% of the NRG created. This model is different from Bitcoin or Ethereum and other non-masternode coins, or general POS-coins, where only miners benefit.

NRG as a Means of ExchangeAn important feature of NRG is the rate of inflation. As the release of NRG is capped at 1 million NRG per month, inflation rate will reduce over time. This reducing rate of inflation will ensure stability of NRG in the long run whilst providing a strong use-case to use NRG as a currency in locations with hyperinflation (see figure A).

Two major criticisms of Bitcoin are slow confirmation speeds and high transaction fees during high traffic periods. With better engineering, NRG is able to keep transaction costs low and keep speed fast regardless of volume. This makes NRG usage as frictionless as debit or credit cards.

THE ECONOMICS

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NRG is Better for the EnvironmentBitcoin used as much power as Ireland in 2015.⁴ It is definitely not a green choice for scaling to mass adoption. NRG, on the other hand, is engineered efficiently to reduce the carbon footprint. NRG has Masternode staking and GPU mining, both of which are less computationally intensive than BTC ASIC mining. Also worth noting is that NRG is at the beginning of its lifecycle and thus has smaller block size and requires less computational power than BTC per block.

THE ECONOMICS

Expected Monthly Inflation Rate (Figure A)

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NRG with ControlsNRG is unencumbered as there are no plans for the distant future for an ICO. This allows NRG to evolve naturally without the vagaries of token holders’ demands. Instead, the use of NRG’s Treasury is voted on by members as the DAO (Decentralised Autonomous Organisation). This avoids the Bitcoin and Ethereum decentralization conundrum - where major policy changes would require rounds of discussions before a vote can be taken for implementation. The DAO allows voting on how NRG gets spent, be it on product development, operations improvement or even social events

NRG for the FutureNRG’s roadmap includes a user friendly wallet for actual exchange. As a mode of exchange, NRG can function as a local currency to replace regions of hyperinflation. Strong adoption within the local ecosystem will also allow for trade with external suppliers. Floating NRG against an external fiat currency gives users the concept of value of NRG whilst avoiding the problem of currency controls put in place by restrictive governments. The roadblocks for mass adoption are few:

1. There is no need for expensive infrastructure to set up wallets to pay or accept NRG

2. Speed of transaction is fast, making it on par with cash or card 3. Possibility of passive income via Masternode ownership

THE ECONOMICS

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Exchanges:

Q2-Q3 2018, Energi has secured relationships with 3 different exchanges: Cryptopia and CoinExchange (centralized) as well as CryptoBridge (decentralized). Energi are currently pursuing integration with more exchanges — particularly ones with even higher exchange volume than Energi’s current partners support.

Other Retail Partnerships:

Energi are also pursuing partnerships with other wallets and systems that support spending of cryptocurrency in “real life” (e.g. ATM cards and gift cards).

Investment:

Founder and CEO Tommy World Power, a cryptocurrency influencer who has invested in such projects as ETH, AION, DRGN, has provided the seed funding for Energi Core, as a supplement to the Energi Treasury. In addition, Energi is seeking a broader base of investors to catalyze the team’s ability to effectively deliver on the development roadmap and nurture a steady community growth trajectory

THE PARTNERSHIPS

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Wallets:

Energi can be stored/sent/received on the Coinomi wallet (in addition to the full functionalities that the Energi Core desktop wallet provides on Windows and Mac OS X). Coinomi is a mobile wallet, available for iOS and Android.

AndroidCurrent version: 1.11.1Release date: 11 september 2018Support: 4.1 and aboveSource

iOSCurrent version: 1.3.1Release date: 27 september 2018Support: Requires iOS 9.2 or later. Compatible with iPhone, iPad, and iPod touch.Source

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THE ROADMAP

Q1 2018Designed and improved technical and economic aspects of EnergiWorking testnetsAdjusting and testing Masternodes

Q2 2018Finished development of the blockchainImplemented Ethereum-type ASIC resistant hashing algorithmImplemented ZCash-type reward systemEnergi v1.0 launch (14 Apr, 2018)Engineered coin inflation rate, issuance structure & other fundamental designsBlock ExplorerRelease of the Energi Core Wallet v1.1.01 (23 Jun 2018)Exchange integrations - Coinexchange.io, CryptoBridge, CryptopiaCoinomi Mobile Wallet

Q3 2018Attended: Blockchain Futurist Conference in Toronto (15-16 Aug 2018)Attended: Token Fest in Boston (13-14 Sept 2018)Kickoff for payouts masternode holders (18 Sept 2018)Light Paper Release

Energi is working on moving to a Proof of Stake model and transitioning into a smart contract platform. This will make Energi one of the first, if not the only, cryptocurrency with a Treasury, Masternodes, Smart Contracts, no ICO, and no pre-mine. Energi’s roadmap to realise this transition is displayed here:

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Q4 2018Release of mining-poolsOptimizing GPU minerEarndrop campaign

Q1 2019Integrating with additional major exchanges and multi-coin wallets

Q2 2019Transitioning to Proof of Stake smart-contract platform blockchain with Treasury and Governance model

Q3 2019Mobile wallet - syncable with phone contacts. Seamless experienceEnergi paper-wallets

Q4 2019Expanding team.Campaign to build global merchant acceptanceImplementing high transaction volume scaling solutions

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THE LEADERSHIP TEAM

TommyCEO & CHAIRMANRespected thought leader and educator in blockchain & cryptocurrency community.Founder of the Energi vision.Builds teams of high quality developers.

Ryan PRESIDENT Oversees all day-to-day operations and heads the development team.People-first approach to technology and leads by example.

David VP OF MARKETING Previously VP Marketing Citi Fintech.Full-stack growth & digital marketing professional with paid, earned, and owned media.

Greg VP OF RECRUITMENT Over 30 years of experience scaling recognized tech companies.Builds out teams for companies utilising emerging technology.

Carolyn VP OF OPERATIONS Over 17 years of global investment banking experience.Highly competent, versatile, finance professional [ACCA qualified]

Energi has over 20 team members and seeks to expand aggressively as Energi’s Treasury funding allows. Past team experience includes Credit Suisse, Citibank, Intel, Deutsche Bank, Accenture, Saks Fifth Avenue, and RBS.

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A Treasury System for Cryptocurrencies: Enabling Better Collaborative IntelligenceA technically complicated article about voting systems and algorithms within treasury systems, may be good as a reference and/or further reading. https://eprint.iacr.org/2018/435.pdf

Bitcoin Whitepaper: https://bitcoin.org/bitcoin.pdf

Dash Whitepaper: https://github.com/dashpay/dash/wiki/Whitepaper

FURTHER READING

REFERENCES¹https://www.w3.org/History/19921103-hypertext/hypertext/WWW/TheProject.html

²https://coinsavage.com/content/2018/03/state-cryptocurrency-market/

³https://www.accaglobal.com/uk/en/student/exam-support-resources/fundamentals-exams-study-resources/f7/technical-articles/iasb-conceptual-framework-financial-reporting.html

⁴https://www.economist.com/the-economist-explains/2018/07/09/why-bitcoin-uses-so-much-energy

DISCLAIMERTo the maximum extent permitted by applicable laws, regulations and rules, Energi entrepreneurs, team members, etc. are not liable for any indirect, incidental or consequential damages whatsoever related to Energi. This document contains information from public market research reports, information on publicly available technical publications, research within the Energi project, etc. While this information is generally considered reliable, it is not intended to be a complete assurance of the accuracy or reliability of the information. No information contained in this document should be considered business, legal or financial advice on Energi. All information contained in Energi's homepage, light paper, and other documents is provided as a best practice and is not binding. This document contains information in regards to R&D and business planning for Energi. Energi does not assume any liability for the following released information, for any doubts you should get legal, financial, and tax related experts' advice. Statements made in this light paper are, except where otherwise stated and are subject to changes.

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FURTHER READING