2. The Challenge Thermal Efficiency & Ventilation Air Vents (air bricks)
Opened = 10-15% heat loss
Blocked = condensation
Damp problem: 15.9% UK’s home
£3k cost to repair damp damage
Low-cost measures: saturated market
Deep retrofit products: stagnant market

3. IMPROVE THERMAL COMFORT ENSURE GOOD AIR QUALITY
The Solution
Airex – Smart Ventilation Control
Temperature
Its smart algorithms automatically regulate the air flow
Humidity
Air-quality
REDUCE ENERGY BILLS
IMPROVE THERMAL COMFORT
ENSURE GOOD AIR QUALITY

4. Product benefits Airex – Interactive Dashboard
High speed yet low power wireless communication
No need to connect to the mains  long lasting battery power
Quick, non-disruptive installation
Interactive dashboard for Facility Management Teams, Landlords  enabling preventative maintenance (e.g. flagging up indicators of mould)

5. Independent academic validation
First validation - University of Sheffield (2017)
5x pilot homes installed
40-50% U-value improvement of ground floor
10-20% airtightness improvement
2 degC thermal comfort improvement
Second validation – University of Salford (2018)
Salford Energy House simulation chamber
14% U-value improvement of ground floor
12% airtightness improvement
10-15%
Heat demand reduction
2- 4 yrs
Payback

6. Comparison with alternative solutions

7. Business model – 3 revenue streams
ECO (Energy Company Obligation - Utilities)
: £600m/yr is spent by energy companies
20% of this is spent on innovation; via demonstration pilots, paid by utilities
Social Landlords
Able-to-pay “PULL”
Paid trials (25x Landlords in the sales pipeline, owning 50,000 properties each)
Install price + subscription fee
Online purchase through installer partner’s website (1,000 calls / month)
c. 30% higher price point
Low CAPEX/CO2
ECO certified
Maintenance cost reduction
Damp mitigation / health impact
Thermal comfort
Health impact
Energy saving
VALUE PROPOSITION

8. Value proposition for ECO – £/CO2

9. Partners Research partners Supplier partners Distributor partners
Utilities (ECO)
Government bodies
Social Landlords

10. Projections
Financial Forecasts
2018
2019
2020

11. Milestones completed up to date
June 2016
Concept developed within Survey Company
May 2017
Independent validation
(5x field trials)
Nov 2017
£100k equity Investment
Feb 2018
Pilot trials with ESC & Salford Uni
June 2018
Commercial trials agreed (big 6 utilities)
May 2018
Certification partners secured
First prototypes
Nov 2016
Sep 2017
£180k R&D grant
Dec 2017
Cleantech Startup of the Year
April 2018
£75k equity investment
June 2018
Outsourced manufacturing contract signed; production batch delivered

12. Further milestones to achieve
Feb 2020
2000+ homes installed, paid by customer
Feb 2019
ECO certification
(1st phase completed)
July 2019
Production unit cost reduced from £45 > £35
Oct
Nov 2018
Production unit cost reduced from £70 > £45
March 2019
50x homes installed, paid by customer
Dec 2019
Full ECO certification achieved;
SAP certification in progress
Seed round (first tranche £150k)
Seed round (second tranche £350k)
Series A (£1.5M)
Deliver winter paid trials, drive unit cost reduction and achieve 1st phase ECO certification
Seed round (2nd tranche - 350k) to enable further unit cost reduction, secure certification and grow sales

13. TECHNICAL ADVISORY BOARD
The Team
TECHNICAL ADVISORY BOARD