1BRASIL - CIETEC / ELECTROCELL – 14 October 2010

Sustaintable Energy Solution

(Fuel Cell and Bipolar Plate Battery)

Center for Innovation, Entrepreneurism and Technology

Foundation: 16/02/2001 - The team has been working together with fuel cells since

1998, and individually since 1990.

Business area: Fuel Cells, Special Batteries, Water and Surface sterilizer

Mission “ To offer our customers sustainable technological solutions”

Most Relevant Awards: 6 prices FIESP 2004 (National Industry Confederation);

CNI 2004 - (competing with 64.000 projects); WRI (World Resources Institute)/FGVSP; ANPEI (National Association of R&D of Innovative Companies); FINEP (Research and

Projects Financing).

Special Team: 16 people - 6 doctors, 3 master degrees, 4 engineers, 3 specialized

technician

Local: Science Park (CIETEC)

Important note:

Electrocell has 33 business contacts inside CIETEC

Electrocell was created as Joint-venture from two CIETEC Companies

History

Fuel Cell

Economy

• High efficiency (60%)

• CO2 emission free, but no particulates or NOx

Environ-

ment

• No noise while working, based on an electrochemical reaction

• Potable water is the only byproduct

Market

• Ethanol and Biomass – Renewable Fuels

• Stable energy, very high quality

• Low cost

BRAZIL - ELECTROCELL - 28 september 2010

Fuel Cell Cronological Development

1998 1999 2000 2001 2002 2003 2005 20062004 2007 2008 2009

Bipolar Battery

Fu

el C

ell

Tech

no

log

y

2010

2008 2009 2010

Fuel Cell Technology PEM Fuel Cell

Remote Energy

Generation

•Residential

•Office Building

•Back up Energy

Client: AES/Eletropaulo

Client: CEPEL / Eletrobrás

Client: COPPE - Hydrogen Bus

BIPOLAR PLATE BATTERY (Technical Superiority)

Technology

•It needs 40% less lead than a conventional battery

•1000 cycles charge/ discharge at 100% DoD (auto battery has 100 cycles)

•Longer life

•The cost in USD / Km is 60% lower than a Li Battery

Environ-

ment

•100% recyclable

•ECU environment standards

•Maintenance free

Savings andmarket

•Similar cost of conventional lead-acid battery

•Less weight (less transportation costs)

•Specially designed for the PV and wind power market

•Patent pending in Brazil, Chile, Argentina and International PCT

•Medium Power for PV and High Energy - Medium Power for EV

CIETEC - - CHARACTERISTICS

CIETEC:• is a not-for-profit civil institution.

•CIETEC has the mission to promote the development of Braziliantechnology and science, encouraging the change of knowledge intoinnovative and competitive products and services.

•It is the largest incubator center in Latin America.

Partners:MCT - Ministry of Science and Technology; SD – Secretariat fordevelopment of the State of São Paulo; USP - University of São Paulo;IPEN - Nuclear and Energy Research Institute; IPT - Institute ofTechnological Research, SEBRAE - Brazilian Support Service for Microand Small Businesses

Support:CNPq - National Council for Scientific and Technological Development;FAPESP - São Paulo Research Foundation and FINEP – Research andProjects Financing

Center for Innovation, Entrepreneurism and Technology

CIETEC DATA:

Key Performance Indicators:

Tenant Companies : 140

Sales 2009 : US$ 22 million

Jobs : approx. 800

Companies Survival Rate: 80%

- by presentations and short, intensive courses in business

administration, marketing, finance, intelectual property;

- by programs to implement quality assurance;

- by access to the libraries and laboratories of the university and

associated institutes

- by establishing a shared infrastructure (secretariat, safety,

cleaning, general services);

- by contact with investors and business schools;

- by counselers for writing a business plan, prepare P&D projects to

be contracted by government agencies;

Center for Innovation, Entrepreneurism and Technology

HOW CIETEC HAS HELPED ELECTROCELL: (½)

Electrocell has 33 business contacts in CIETEC

Electrocell was created as Joint-venture from two CIETEC Companies

CIETEC DATA:

Key Performance Indicators:

Tenant Companies : 140

Sales 2009 : US$ 22 million

Jobs : approx. 800

Companies Survival Rate: 80%

- by organizing contacts with clients through special events, trade

shows, collective exhibitions, trade missions from or to foreign

countries;

- by forming clusters of companies with common interests (energy,

biotech, environment, medicine, electronics, information technology)

to conquer new markets, reach scale and other objectives beyond

their individual reach;

- by promoting interviews by TV, newspapers and magazines

and, perhaps most important,

- by establishing an atmosphere of trust and friendship between

140 different companies with different expectations and necessities.

This enabled the free flow of information and resulted in the

foundation of Electrocell.

Recommendation: For the future we would appreciate more

intensive interaction with investors for large projects, which require

longer maturation and more funds.

(2/2)HOW CIETEC HAS HELPED ELECTROCELL:

CIETEC DATA:

Key Performance Indicators:

Tenant Companies : 140

Sales 2009 : US$ 22 million

Jobs : approx. 800

Companies Survival Rate: 80%

Wellcome to BRAZIL, CIETEC

and Electrocell

www.electrocell.com.br

gerhard@electrocell.com.br

Tel: (+55 11) 3039-8321/ 3039-8322

Center for Innovation, Entrepreneurism and Technology

Without CIETEC, Electrocell might not even exist !