2. Company Information Driving the Lighting Revolution

3. Presentation Overview Company goal Company information & background Target market, customers, projects Product portfolio Product attributes & advantages ROI & Reliability Standard certifications Competitive position International distribution

4. Inventronics: Company Goal Striving to become the market leader in LED drivers for high reliability applications.

5. Inventronics - Location The company is located in Zhejiang province in Hangzhou’s high-tech industrial zone. It is about 2 hours southwest of Shanghai. The company is 15 minutes from Zhejiang University.

6. Inventronics: company background Established 2007 Founded by Dr. Gary Hua –Received Ph.D. from Virginia Tech in 1994 –Served as Research Scientist in CPES for 5 years –Co-founder and VP of VPT Inc. –Founder and CEO of e-Power Co. Ltd. which was sold to Bell Power Currently the third largest LED driver manufacturer Over 400 employees Very successful in the Chinese & North American markets Launched its international expansion in October

7. Inventronics - Facilities Headquarters facilities (Hangzhou) includes all office functions as well as R&D: 25,000 ft 2. US office and distribution facility based in Oklahoma City, OK (6,000 ft 2) to service the North American market

8. Inventronics – R&D R&D Staff of 98 people includes: –3 Ph.Ds, –24 Masters, –10+ Senior Engineers Over 250 patents granted or filed in the US and China by January 2011.

9. Inventronics – R&D 6 Product Design Teams 1 Advanced Research Team Support Teams: –Mechanical Design –PCB Layout –Test & Qualification –Documentation

10. Inventronics – Product Development Products designed to string de-rating guidelines. Special attention paid to electrolytic capacitors to ensure long product life. SVT testing to ensure products meet spec. DVT testing to ensure products are robust. Life testing to verify claims

11. Inventronics – Manufacturing Currently occupies 7000 m 2 Current capacity is 300k units per month internal and growing quarterly. Additional production lines being added to increase production capacity by 50% Strategic manufacturing partners provide significant upside capabilities. ISO 9001:2000 Certified

12. Inventronics – Onsite Testing

13. Target Markets and Customers These applications include: –Street and area lighting. –Tunnel lighting –High bay lighting for warehouses, manufacturing facilities and large retail stores. –Parking garages –Convention centers / arenas –Architectural lighting –Indoor lighting

14. Applications: Street and Area lights Tunnel lights Low bay lighting Office lighting High bay lighting

15. Inventronics: Major Customers

16. Powered by Inventronics Drivers Richmond Olympic Oval 2010 Vancouver Winter Olympic Stadium

17. Powered by Inventronics Drivers Chongqing Grand Theatre (approx. 13,000 drivers)

18. Powered by Inventronics Drivers 2010 Shanghai Expo Nanpu Bridge (over 4,000 driver)

19. Powered by Inventronics Drivers 2010 Shanghai Expo China Pavilion

20. Powered by Inventronics Drivers 2010 Shanghai Expo French Pavilion

21. Powered by Inventronics Drivers 2010 Shanghai Expo Zhejiang Pavilion

22. Product Portfolio

23. Inventronics – Product Portfolio One of the broadest portfolios in the industry with nearly 40 families recognized to UL8750. Over 400 individual part numbers. All products designed from the start as lighting class products. Both low voltage (for Class 2 applications) and high voltage product offerings Comprehensive datasheets Standard, modified standard and custom development capabilities.

24. Constant Current Indoor & outdoor 5.2W to 200W 350mA, 450mA, 700mA, 1050mA, up to 6.3A With or without dimming Multiple outputs available Constant Voltage 25 to 300W 12V to 150V Most common output voltage is 24V Multiple outputs available

25. Inventronics – LED Drivers Key Attributes Wide input range (typically 90-305 Vac) High Efficiency (many products over 90%) Long Life (cooler running products last longer) High Power Factor （ up to 0.99 ） All-Round Protection: OVP,SCP,OTP Lightning Protection （ IEC-61000-4-5 Class 4 ） Comply with international safety & EMC regulations (e.g UL8750) Waterproof (IP66-67) – suited for outdoor applications

26. Technical Advantages Advanced circuit design leading to more efficient energy usage Good component temperature control extending the unit life and reliability Use of a resonant technique that makes the switch work in soft switching state, reducing the switching loss and heat The application of proprietary patented synchronous rectifier control, reduces secondary rectification power loss The use professional potting techniques & metal enclosure to improve thermal design Key components are sourced from high quality suppliers Uses long life capacitor

27. Electrolytic Capacitors For most electronic power supplies, one life limiting component is the electrolytic capacitor. These components have a predictable wear out mechanism – the evaporation of the electrolyte.

28. Electrolytic Capacitors In addition to ambient temperature, there are many other factors affecting the life of the electrolytic capacitors. It is important to: –Choose components carefully. –Utilize quality suppliers. –Derate capacitors appropriately. –Manage the ripple current and component temperature.

29. Electrolytic Capacitors As a general rule, the life of any give electrolytic capacitor degrades by half with each 10C rise in component temperature. Capacitor Life (hours) Ambient Temperature Example based on a typical 150W driver.

30. Electrolytic Capacitors Driver Efficiency Case Temp (C) Case Temperature vs Efficiency (based on typical 150W driver) For a given ambient temperature and operating point, the case temperature of the driver will largely be determined by driver efficiency.

31. Electrolytic Capacitors Product Life (hours) Driver Efficiency Life Time vs Efficiency (Typical, calculated at 55 ℃ Ambient Temperature, assume 10,000 hour long life aluminum caps are used ） In this example, moving from 85% efficiency to 95% efficiency increases product life by a factor of 3.5X. Note: this is using the exact same high quality capacitors.

32. ROI and the Power Electronics The power electronics (driver) impacts the actual return on investment due to: –Product cost –Efficiency –Life –Reliability The design of the driver has significant impact on the project ROI.

33. The Triple Impact of Efficiency Higher efficiency in the driver has a triple impact: –It uses lowers energy costs resulting in direct operating savings. –It lowers component temperatures resulting in longer life –Lower component temperatures also produce higher reliability. The difference is bigger than you might think.

34. Efficiency vs Lifetime Power Consumption For the same 150W supply over a lifetime of 50,000 hours: –95% uses 395 kWh –85% uses 1324 kWh At 9 cents / kWh, the 95% converter saves $83.60 over its life. Cost savings of $ 209k for an installation with 2500 drivers Energy Usage (kWh) Driver Efficiency

35. Efficiency vs Power Loss For a 150W supply: –95% = 7.9W loss –85% = 28.5W loss That’s not a 10% difference – it’s a factor of 3.3x All of the power loss is dissipated in the driver as heat. Pdiss (W) Driver Efficiency

36. Heat Impacts Reliability & Life Failure Rate Time T1 Heat both increases failure rate and shortens product life. T2T3T4

37. Reliability Failure rates of LED drivers are dominated by the semiconductor devices which includes the main MOSFETs, diodes, control ICs, and opto-coupler. The electrolytic capacitors contribute only a small portion of the driver failure rate. The failure rates of semiconductor devices are largely dependent on the operating temperature. Typically the failure rate of an LED driver is increased by 25-40% for every 10C increase in the case temperature (and internal components).

38. 38 Reliability Our demonstrated reliability at this site is already in excess of 3 million hours.

39. Efficiency vs Reliability All other factors being the same, the heat dissipated to power loss has a significant impact on reliability. In this example, an 85% eff. driver has half the reliability of a 95% eff. driver. Calculated MTBF Driver Efficiency Example based on a typical 150W driver.

40. Standard Certifications Standard configuration of Inventronics LED Driver is: –UL8750 (+ class 2 if output voltage < 60V) –CE (IEC61347-1/-2-13, IEC61547) –FCC part15 (Class B) The certifications can be customized.

41. Standard Certifications The Inventronics products meet (or will meet) most safety certification requirements. Some certifications may require a minor adjustment (e.g. wire color) and therefore a separate part number.

42. Competitive Position When comparing Inventronics to other competitors there are a number of key specifications to compare. These include: Efficiency Thermal performance Input voltage range Surge protection Life/Reliability IP Rating Inrush current Power factor

43. Competitive Position Thermal Performance Meanwell LPV SeriesInventronics EUV-076

44. Inventronics - Summary World Class Engineering Capability. Rich in intellectual property. Already recognized as a technology leader on LED drivers in both China and the US market One of the broadest product portfolios in the industry. Capabilities for custom and modified standard designs. Competitive value.

45. International Distribution Authorized distributors in local country markets Long term relationships Demand creation distribution Capability to sell our value proposition Appropriate inventory to meet customer service expectations for local lighting OEMs Co-marketing Collaboration

46. Inventronics We look forward to working with you to: Win business Satisfy customers Build long term relationships Create new solutions Increase ROI