0.
Arnold Roth
Chief Operating Officer
Advanced battery technology for the emerging electric vehicle opportunity
Arnold/ Dror:
We are developing batteries based on a new chemistry that delivers exceptional high energy density
Our target industry is the automotive – this is where the major need is and where value can be realized

1. A call to action Global warming Environmental pollution Geopolitics
Oil prices

2. Establishing technology leadership in one of the most valuable segments of today’s global markets
Collaboration: Industry
Execution
Experienced management team
Track record of success
Science
Innovation
Collaboration: Academia

3. Successfully addressing the key challenges calls for focus on energy density and cost
(Wh/l)
USABC
long term target
4.7V (NMS)
Q1 2014
Q4 2012
High5ive™ prismatic 1-2Ah 4.7 Volt cell
Battery for UAV
Volumetric energy density
3.6V - 3.8V
3.2V
Li-ion
LCO, LMO
NCA, NMC
1.2V
Li-ion
LFP
NiMH
NiCd
Robert:
Existing technologies do not provide sufficient energy
They are too far from the targets set by USABC
ETV addresses the major need for energy density by building a high voltage technology platform
Gravimetric specific energy
(Wh/kg)
Source: ETV Energy; BDG Battery Report - Dec. 2009, Roland Berger
Target values are compared to USABC long term goal for EVs. Assumes 30% increase in weight and volume for battery pack and BMS

4. High performance in key measures: energy density, power rating, safety
Cycle life %
% capacity
C/2
C/5
Cycles
High power performance
Minimal thermal runaway (safe) V
Arieh:
We already have energy density higher than any commercial system
The inherent safety is as good as the best
Inherent high power rating, which is very important to hybrid vehicles
Cycle life is now 500 but continues to improve
Our major challenges are in high temperature,, which we are on the way to solve
Cell voltage
Heat Flow (Wg-1)
Temperature (0C)
Nominal capacity
Graph: High voltage Nickel Manganese Spinel Oxides for Li-ion Batteries - Electrochimica Acta 53 (2008), CEA France
Typical data obtained from ETV Energy 1Ah cell (4.7V) vs. graphite

5. Elimination of electrolyte oxidation by eliminating Manganese dissolution and deposition on the anode
Cathode: Protective layer to minimize dissolution of Mn+2 into electrolyte and electrolyte oxidation
Anode: Protective layer to minimize deposition of Mn+2 into anode material
Anode
Cathode
Separator: Scavenging membrane minimizes the transfer of Mn+2 to anode without affecting Lithium conductivity
Arieh:
The main failure observed is the electrolyte oxidation
Most of the research is focused on electrolyte additives
We too a different approach – reduce the migration of the manganese to the anode:
Three fold solution
IP secured by patent strategy
Manganese ion
Lithium ion

6. High5ive™ cell chemistry: outstanding performance
ETV’s goal is an enabling high voltage (>4.5V) technology platform, engineered to be ready for future developments and enhancements
NMS chemistry delivers significant customer value:
50% to 100% higher energy density compared with state-of-the-art
As much as 30% lower cost of production and use of inexpensive materials
Power rating as good as the very best
Inherently as safe as the safest competitor
Robert:
We see substential advantages fir such system in the context of automotive
We are not the only company that works on such solution
Our understanding is that we are the most advanced
While many companies are focused on delivering new cell component, we are focused on developing a technology platform that can incorporate new components and deliver even more value (e.g. silicon anodes)

7. Validation in relevant market segments
Underway Dec’10
Approved
Collaboration with industry
$Mn
Addressable Market
100,000
10,000
>$50B
1,000
$500M
100
Robert:
Early validation of the technology with niche application
Initial discussions with OEMs
$100M
+ Cycle life
+ Operating temp
+ Storage 10
Energy density
+ Power density 1
Focused
Medium
Broad
Technology requirement

8. Partnering with industry leaders for mass markets, addressing niches directly
Production
Aviation
Price kW/h
Superbikes
Licensing
Defense
High
Up to $2,000/kWh
Telecommunication JV
Cars, trucks, buses
Hand tools
Mobile Electronics
Low
<$500/ kWh
Electric bicycles and motorcycles
Robert:
Hybrid model of go to market 1 10
100
1,000
10,000
100,000
Market size

9. Seasoned, accomplished management team
Dror Ben David CEO
Initiated and led multi-billion dollar technology programs at the Israeli air force
As chairman led Al Cielo Ltd (fiber-optics) to successful M&A transaction, achieving 20x return
Dr Arieh Meitav CTO
Pioneer of the Lithium battery technology since mid seventies
Invented polymer supercap – company acquired by AVX; product commercial since 2001
Dr Neal Naimer
Director
Invented large-format Zinc-Air batteries - implemented by US military
Arnold Roth COO
Led successful IPOs and exits in Israel, US and Australia

10. So in summary…
Team has proven track record of bringing new electrochemical systems to market and succeeding
A truly game-changing high-voltage electrochemistry
Strong patent position
Twice the energy density of state-of-the-art batteries
30% lower cost of production and inexpensive materials
Blended go-to-market model : Licensing into highly competitive markets, with in-house production of own-brand cells/batteries in high-profit niche markets
Once proven in market, High5ive line will strongly support ETV’s global technology licensing revenue stream
Exceptionally capital efficient – first revenues within 3 years of inception
Expecting to achieve break-even by 2013
Dror:
Summary

11. Comments and questions are welcome
One of the company’s labs on the Bar Ilan University campus
World class experties in battery technology with structural advantage n cost
Structural advantage in range extender technology
Prototypes
Multi-billion dollar collaboration partner
Comments and questions are welcome
Arnold Roth • President and Chief Operating Officer •
Toll-free from the US •
Herzliya, Israel 11