OPPORTUNITIES AND BARRIERS TO COMMERCIALIZE INNOVATIVE ISRAELI SOLAR CELL TECHNOLOGY 3GSOLAR PHOTOVOLTAICS LTD

2  Startup developing innovative printed dye solar cells (DSC)  Staff of 15 located in Jerusalem, Israel  Backed by Smedvig Group (UK), the IEC and Huayou (China) 3GSOLAR -- WORLD CLASS CAPABILITIES

3  DSC uses artificial photosynthesis to produce electricity  DSC is an Electrochemical Device, like a battery!  DSC uses dye, not silicon  DSC is nanotechnology  Range of colors  Flexible or rigid  Opaque or transparent THE PRINTED ELECTROCHEMICAL SOLAR CELL –- NO SILICON! WHAT IS A DYE SENSITIZED SOLAR CELL – DSC?

4 BIPV 3GSOLAR PRINTED SOLAR CELLS AND APPLICATIONS 3GSOLAR – THE LEADING DEVELOPER OF PRINTED DYE SOLAR CELLS (DSC) Thick glass modules for curtain walls and windows Thin modules for windows, greenhouses, overhangs LARGE GLASS POWER MODULES FOR ON-GRID AND OFF-GRID ELECTRICITY SMALL PLASTIC CELLS FOR INDOOR ENERGY HARVESTING

5 3GSOLAR TRANSPARENT GLASS MODULE Transparent DSC module installed in algae growing tank producing both biomass and electricity in same area. FIRST PROTOTYPE – PREPARED FOR THE PROJECT BIOFUEL FROM MICROALGAE; DR. YARON YEHOSHUA, BIU

6  The global market is flooded with solar cells  Solar cell R&D takes a long time  Solar cell R&D and production ramp are expensive  Some USA companies spent >>$100M and failed  Israeli VC’s specialize in electronics and software, not technologies based on advanced materials  Considering all of their problems at home, why should foreign investors look at Israel?  (I’ll tell you a little later) CAN WE COMMERCIALIZE ISRAELI SOLAR CELL TECHNOLOGY? THE QUESTION -- BARRIERS

7 CAPACITY OVER TWICE MARKET DEMAND; 70% OF CAPACITY IN CHINA PV PRODUCTION OVER-CAPACITY Greentechsolar, PV Module Consolidation in

8 PV MODULE PRICES CRASHING BEST PRODUCERS NOT EARNING, OTHERS LOSING, MANY BANKRUPTCIES from PVGroup, When will Global PV Supply and Demand Re-balance?

9  Israel has world-class materials engineers and scientists  Israel has a culture of innovation and international cooperation  Israeli startups are generally cash-efficient  Israeli startups have government backing (Chief Scientist) and access to European R&D funding (FP7)  But is the Chief Scientist budget going up or down?  Overseas investors greatly respect Israeli engineers, innovation and government backing CAN WE COMMERCIALIZE ISRAELI SOLAR CELL TECHNOLOGY? THE QUESTION -- THE OPPORTUNITIES

10  Investors expect R&D grants, reducing their risk  However, OCS budgets for industrial R&D are going down  The pilot stage costs even more than the product R&D  Unlike electronics, there is no fab in Taiwan for the product  Will more Israeli funds be made available for the pilot stage?  And increased funding of beta sites?  What about the mass production phase?  How much of the production can stay in Israel?  Will government financial incentives be enough to keep some production in Israel? COMMERCIALIZING ISRAELI SOLAR CELL TECHNOLOGY GOVERNMENT SUPPORT IS ESSENTIAL

11 THANK YOU Curtain walls and windows Off-grid power PV for agriculture (e.g. Greenhouses) Overhangs, awnings & parasols 3GSolar Transparent DSC BARRY N. BREEN, CEO 3GSOLAR PHOTOVOLTAICS LTD TEL: