1. THANK YOU FOR ANOTHER GREAT YEAR!
BELLINGHAM, USA

2. 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

3. 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!

4. 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

5. Monthly Module Numbers 2011- 2015

6. The Facility

7. 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

8. Returns Since 2011- 2015 155,701 Modules Shipped as of Jan 2016
37 Modules Returned = % Return Rate
Physical Defects: 22 (0.014%)
Loose Glass: 8
Frame 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

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

10. Community Involvement

11. 500 kW sold in 2015 Forecast 2 MW in 2016
Minnesota Facility
500 kW sold in 2015 Forecast 2 MW in 2016

12. 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

13. THANK YOU FOR ANOTHER GREAT YEAR
2/16/2019