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

2. 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. 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. 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. 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. 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. 7 CAPACITY OVER TWICE MARKET DEMAND; 70% OF CAPACITY IN CHINA PV PRODUCTION OVER-CAPACITY Greentechsolar, PV Module Consolidation in 2013-2014

8. 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. 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. 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. 11 THANK YOU WWW.3GSOLAR.COM 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: +972-54-470-9956 BBREEN@3GSOLAR.COM