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In a not so far away land… (aka America)
Near Future: Food Waste Recycling
Food Waste
Fuel (Ethanol)
Anaerobic Digestor
Filtered Water
Methane (aka Natural Gas)
Power Generator
Electrical Power
Heat Example: Santa Monica
Est. Population: 100,000Est. Food Waste: 35,000 Tons/yr
Est. Ethanol Production: 1 MMGPYEst. Heat & Power: 2 MW
Today: Single Stream Food & Bev Waste Recycling
Food &Beverage Wastes
Greenbelt System
FUEL (Ethanol)
Feed or Fertilizer
Filtered WaterStillage
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Customer Installation University of Florida
Stan Mayfield Biofuel Center
Proven TechnologyCustomer Installation Standard Ethanol PTY
Australia
Company Owned Pilot and R&D Unit
Example Dairies Producing Acid Whey
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Example Market
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Dairy Process Waste
Municipal Food Waste
Ag IndustryAdvanced Biofuel Crops
Brewery/Alcohol
Island Communities
Developing Countries
Feedstock Markets
Beverage Waste
Easy Shipping Easy Setup Intelligent modular system
Tested & Ready to Ship Loaded for Transport Installed Onsite
Example Deployment
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Membranes go here
Potential Energy Savings Over 50%
Patent-Pending
Membrane Dehydration
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Example Project 1
Waste Wheat to 500K GPYCapital Cost $3.65M
Current Fuel Exp. $3.00M(aka cost of irrigation fuel)
Op Expenses $0.60M(aka cost of ethanol)
______Annual Savings** $2.40M
Example Project 2
Acid Whey to 1M GPYCapital Cost $4.9M
Sales Revenue* $3.4M* EtOH sales $2.7 Feed Sales $0.7
Op Expenses $1.6M_____
Estimated Net** $1.8M
Example Project Profiles
* Revenue does not include government incentive and credit programs.** Varies depending on location, local commodity prices and local incentive programs.
Annual Gross Profit by System Ownership Type
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(in $1,000’s)
Compa
ny O
wned
Com
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Spo
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ed (m
inor
ity o
wners
hip)
3rd P
arty
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d, C
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anag
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3rd P
arty
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d & M
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Compa
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System Sales Projection
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# of systems 1 1.5 2.5 5 10 16 24
(in 1,000’s)
Sales RevenueGross Profits
Team
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Solid Team
Three centuries of directly applicable experience!
Need VP Sales/BizDev
15+ 33+ 38+ 18+
45+ 45+ 20+ 10+ 36+ 43+
CEO CFOCTO/Inventor Counsel
Process Controls Prof. Engineer MarComm Production 3D As-Built’s Master Welder
Darren Floyd Joe Laura
Mike George Amelia Dave Hugo Scott
Extra Slides
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Forward-Looking Statements: The statements contained in this document include certain statements, predictions and projections that may be considered forward-looking statements under securities law. These statements involve a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, the supply and demand for biofuels, our ability to remain technologically competitive, as well as other economic, competitive and technological factors involving the Company's operations, markets, services, products, and prices.
Safe Harbor
Societal BenefitsLower Waste Disposal costs
Less Waste Going to Landfill
Reduced feed/fertilizer cost
Lower local fuel cost
Lower local energy cost
Reduced transportation impacts
Improved local economy
COMPANY HIGHLIGHTS
Existing Sales
Proven Technology
Solid Team
Cashflow Positive
Debt Free
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Summary
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Food Waste Landfill Bans
2009
2013
2014
2014
2014/2015
Key Team Members
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Solid Team
Need VP Sales/Biz Dev
Darren EngCEO15+ yrs senior mgmt
Leadership, exec managment, bizdev, sales, corp governance, strategy.
Entreprenuer, marketing, events, mobile tech, & environmental science.
BS Enviro Biology, Yale
Floyd ButterfieldCTO (inventor)30+ yrs biofuels
System designer, innovator of distillation, membrane dehydration & process controls.
Biofuel pioneer, patents in recycling, & geothermal; 30+ years farming
BA Geophysics, Occidental
Joe PivinskiCFO35+ yrs CPA
Exec management,financial oversight, reporting,strategic planning.
Former CFO of three NASDAQ listed Co’s, construction, real estate and water technology.
MBA Finance, Fordham
Old Slides with more detail
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Example: Acid Whey to 500K GPY Project
Capital Cost $3.5M (Incls. GRCO Equip >$1.6M)
Estimated Projections/YearRevenue* $1.75M*Op Expenses $0.85MEst. Debt Service $0.15MEstimated Net** $0.75M
Example: Acid Whey to 1M GPY EtOH Project
Capital Cost $4.9M (Incls. GRCO Equip >$3.1M)
Estimated Projections/YearRevenue* $3.4M*Op Expenses $1.6MEst. Debt Service $0.4MEstimated Net** $1.4M
Example Project Profiles
* Revenue does not include government incentive and credit programs.** Varies depending on location, local commodity prices and local incentive programs.
$550K Anticipated Use of Funds
Establish Capital Raising Structure and Strategy for pipeline of eight acid whey waste projects
Transition Paso Robles to Target Market model and operate for 2-3 Month Continuous Operation on acid whey waste model
Results:- Paper trail local model to de-risk expansion lending for banks- Paper trail also strengthens negotiations with project investors - Provide samples to regional end-product buyers- Obtain long term purchase agreements based on samples- Begin raising funds for first projects in pipeline
Use of Funds
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Plant Sales Projections
Estimated system sales revenue only. Does not include projected revenue from other revenue streams. Projection includes mix of 1M and 0.5M system types based on projected market demand. Assumes shift to expanded manufacturing facility in 2017.
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# of systems 1 1.5 2.5 5 10 16 24
(in 1,000’s)
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Per System Revenue
Estimated Per Year Gross Profit per 1 Million GPY Capacity Acid Whey Waste System deployment
(numbers in 1,000's) Year 1 Years 2 - 8 Years 9+ Total 10yr Profit
System Sale $960 $6 $6 $1,020
System Sale plus Management Contract $960 $132 $132 $2,280
Company Sponsored System (minorty ownership) $960 $281 $281 $3,770
Company Owned System -$950 $650 $1,800 $9,000
