THANK YOU FOR ANOTHER GREAT YEAR! BELLINGHAM, USA

Where in the world is Karl? “This film is trying to create a new genre: a positive, constructive film that provides solutions and contributes to creating a new imagination for the future.” –Melanie Laurent

Itek Energy built and sold 23.8 Megawatts in 2015! 2015 Forecast Washington will Install 24 Megawatts in 2015! Itek Energy built and sold 23.8 Megawatts in 2015!

Power Production 2011- 2015 2.1 megawatts built and sold 2012 42.2 MW 2015 Jan June Dec 2.1 megawatts built and sold 2012 4.0 megawatts built and sold 2013 12.3 megawatts built and sold 2014 23.8 megawatts built and sold 2015

Monthly Module Numbers 2011- 2015

The Facility

3! The Team Ended the year with almost 100 employees 3rd Shift Started at end of Q4 24 hour/day, 5 days a week production

Returns Since 2011- 2015 155,701 Modules Shipped as of Jan 2016 37 Modules Returned = 0.0237% Return Rate Physical Defects: 22 (0.014%) Loose Glass: 8 Frame damage @ corner 4 Excessive Caulk: 7 Scratched Backsheet: 3 Electrical Defects: 15 (0.010%) Loose Bus Bar Wire: 7 Bad Diode: 3 MC4 Lead Damage:1 Hot Spot: 3 No Potting in j-box: 1

Community Solar Project 60kW System, 236 itek Energy Modules Employee owned and installed Built on a brownfield site with reused materials

Community Involvement

500 kW sold in 2015 Forecast 2 MW in 2016 Minnesota Facility 500 kW sold in 2015 Forecast 2 MW in 2016

Looking Ahead 2016 Forecast – 30-35MW Current run rate of 40MW/yr Actively evaluating different material suppliers to allow us to grow and drop our price while maintaining quality Engaged in Research and Development to integrate cutting edge technology into our products 2016 Forecast – 30-35MW

THANK YOU FOR ANOTHER GREAT YEAR www.itekenergy.com 2/16/2019