GOLDMAN SMALL CAP RESEARCH COVERAGE INITIATION SUNSI ENERGIES, INC. (OTC:QB – SSIE) May 2011

Who is SunSi? Leading provider of TCS, the main raw material in PV production for solar industry Without TCS there is no solar industry 15% of China’s TCS market---most important in the world Poised to become dominant player May be only publicly traded pure play

Why SunSi is Compelling Most profitable part of solar food chain China investment in alternative energy means fivefold inv in TCS by 2020 Major barriers to entry in this space SunSi growing at huge rate due to M&A and organic growth despite no long term debt We believe that the stock is cheap based on our rev and EPS forecast. Our target is $6.00.

Disclaimer Neither Goldman Small Cap Research, nor its parent, is registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. This presentation is meant to act as a summary of key points detailed in the sponsored research initiation of coverage report on SunSi Energies, Inc., dated May 9, 2011. This presentation was produced for informational purposes only. This presentation is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned. For all risks, disclosures, compensation details and other information, please refer to the SunSi Energies, Inc. research report or visit www.goldmanresearch.com

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