1. Our Vision A PV System People Everywhere Can Afford Will Change the World! Crystalline silicon (c-Si) solar cells are the Model T. We are the Mustang, the sports cars… 99% of PVs in market are based on planar p-n junction. We will change it to <50%.

2. PV State of the Art c-Si:  Energy intensive processes  Low prices due to massive production expansion  Not competitive without incentives (don’t forget that) Planar p-n junction: c-Si, CdTe, CIGS  Dominates market (99%)  Stringent requirements: large crystals (mono, poly)  Technically difficult  Theoretically not the most efficient way

3. Our Differentiations  Nano-architecture replaces crystalline absorber  3D p-n BHJ replaces 2D planar p-n junction  Thin foil replaces wafer, glass substrates  Low temperature grown nanocrystalline films  Enable truly low cost processing in massive scale  Lead to lightweight, flexible, tough, low cost, high efficiency solar cells

4. All Because of a New Discovery All inorganic, nanostructured p-n BHJ leads to:  Spatial separation of electrons and holes  Minimum recombination loss  High performances as good as large crystals

5. Market Opportunity  There is no large scale production of flexible PV  We will make a PV system that everybody like  Simple, easy, safe, reliable to install and use  Bankers will jump in; you will own the system.  Put it on roof, tent, or architecture in backyard

6. Prototypes and Processes cell module R2R equipment process flowchart monolithic interconnection and encapsulation

7. BIPV, Solar Roof:  Low profile, no frames  Esthetically pleasant Commercial Buildings, Utilities:  Lightweight flexible panels supported by flexible fences  It can be deployed anywhere! Easily Deployable in All Markets

8. Revenue Model Vertical integration, control the whole value chain Profitable solar electricity generation  ~$0.30/W module cost, ~30% profit margin  < $1.5/W installed PV system cost, ~50% margin  3.1¢/kWh electricity cost ComponentdepreciationmaterialslaborUtilities& OHtotal Cost, $/W0.080.160.020.070.33 Projected module cost

9. Growth & Marketing Strategy Rapidly scale up to GWs Develop solar power projects around the world Sell directly to corporations and commercial markets Partner with roofing company for solar shingles Promote BIPV applications Showcase projects and performances

10. Yan Li, founder 15 years in thin film solar cell research, searching for low cost solutions Predicted and discovered the nanomaterial system Hands-on expertise and excusive insights in materials and devices Built a first of the kind R2R CIS electrodeposition pilot line Molly Li, cofounder Experienced in operation, procurement, quality assurance, and customer relationships Team

11. Financial Projection for first plant (75 MW/y) Year 1*2345 Sales $52,500,000$51,450,000$50,421,000$49,412,580$48,424,328 Variable cost$11,685,000 Fixed cost$6,085,250 Depreciation$8,642,592$14,811,552$10,577,952$7,553,952$5,400,864 Total cost$26,412,842$32,581,802$28,348,202$25,324,202$23,171,114 Gross profit$26,087,158$18,868,198$22,072,798$24,088,378$25,253,214 Tax$9,130,505$6,603,869$7,725,479.30$8,430,932$8,838,625 Net profit$16,956,652$12,264,328$14,347,318$15,657,445$16,414,589 Margin %49.6936.6743.7848.7552.15 Cost /W$0.35$0.43$0.38$0.34$0.31 *4 th year of startup. 300 MW/y plant will start in 5 th year, then more.

12. Competition  We have a perfect combination of: low cost, high efficiency, and form factor  Mature, solution based processes  Massive production scale  Our low cost will be hard to beat Current flexible PV panels: CIGS: expensive, limited production Dow Solar/NuvoSun, Hanergy/MiaSole, Flisom a-Si: low efficiency, phasing out of market Hanergy

13. p-n BHJ Applications Besides Solar Cells: a Platform for Optoelectronics  Photodetectors, sensors, LEDs  Hardware for internet of things  Smart homes, smart cities  Maybe a lot more

14. Investment Series*YearAmountEquityUse seed1st$200k15%prototype, process, equipment development, founder salaries A2nd$10M30%R2R equipment scale up, engineering, 3 MW pilot line production, staffing B4th$80M20%75 MW production line, operation C5th$250M20%300 MW production line, operation IPO6th-- multiple 500 MW production lines *Current developments focus on compatible spray-deposition processes for top contact and transparent conducting layers.