Transcript Slide 0

www.etvenergy.com
Arnold Roth
Chief Operating Officer
Advanced battery technology for the
emerging electric vehicle opportunity
Copyright © 2010-2011
ETV Energy Ltd.
All rights reserved.
A call to action
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Global warming
Environmental pollution
Geopolitics
Oil prices
Copyright © 2010-2011
ETV Energy Ltd.
All rights reserved.
1
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
Copyright © 2010-2011
ETV Energy Ltd.
All rights reserved.
2
Successfully addressing the key challenges calls for
focus on energy density and cost
(Wh/l)
USABC
long term target
Volumetric energy density
800
4.7V (NMS)
600
Q1 2014
Battery
for UAV
400
3.2V
1.2V
NiMH
200
Li-ion
LFP
3.6V - 3.8V
Li-ion
LCO, LMO
NCA, NMC
High5ive™
prismatic 1-2Ah
4.7 Volt cell
Q4 2012
NiCd
0
0
50
100
150
200
250
Gravimetric specific energy
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
300
350
400
(Wh/kg)
Copyright © 2010-2011
ETV Energy Ltd.
All rights reserved.
3
High performance in key measures: energy density,
power rating, safety
Cycle life
% capacity
%
C/2
C/5
Cycles
High power performance
5.0
Minimal thermal runaway (safe)
V
Heat Flow (Wg-1)
Cell voltage
4.5
4.0
0.6C
2C
3.5C
3.5
3.0
0%
20%
40%
60%
Nominal capacity
80%
100%
Temperature (0C)
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
Copyright © 2010-2011
ETV Energy Ltd.
All rights reserved.
4
Elimination of electrolyte oxidation by eliminating
Manganese dissolution and deposition on the anode
Anode: Protective
layer to minimize
deposition of Mn+2
into anode
material
Separator:
Scavenging
membrane
minimizes the
transfer of Mn+2 to
anode without
affecting Lithium
conductivity
Anode
Cathode
Cathode:
Protective layer to
minimize
dissolution of Mn+2
into electrolyte and
electrolyte
oxidation
IP secured by patent strategy
Manganese ion
Lithium ion
Copyright © 2010-2011
ETV Energy Ltd.
All rights reserved.
5
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
Copyright © 2010-2011
ETV Energy Ltd.
All rights reserved.
6
Validation in relevant market segments
Underway Dec’10
Approved
Collaboration with
industry
$Mn
Addressable Market
100,000
10,000
>$50B
1,000
$500M
100
10
$100M
Energy density
+ Power density
Focused
Medium
+ Cycle life
+ Operating temp
+ Storage
1
Technology requirement
Broad
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ETV Energy Ltd.
All rights reserved.
7
Partnering with industry leaders for mass markets,
addressing niches directly
Production
Aviation
Defense
High
Licensing
Superbikes
Up to $2,000/kWh
Price kW/h
Telecommunication
JV
Hand tools
Low
Cars, trucks,
buses
Mobile
Electronics
Electric bicycles and
motorcycles
<$500/ kWh
1
10
100
1,000
Market size
10,000
100,000
Copyright © 2010-2011
ETV Energy Ltd.
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8
Seasoned, accomplished management team
Dror Ben David
CEO
Dr Arieh Meitav
CTO
Dr Neal Naimer
Director
Arnold Roth
COO
•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
•Pioneer of the Lithium battery technology since mid seventies
•Invented polymer supercap – company acquired by AVX; product commercial since
2001
•Invented large-format Zinc-Air batteries - implemented by US military
•Led successful IPOs and exits in Israel, US and Australia
Copyright © 2010-2011
ETV Energy Ltd.
All rights reserved.
9
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 inhouse 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
Copyright © 2010-2011
ETV Energy Ltd.
All rights reserved.
10
One of the company’s labs on the Bar Ilan University campus
Comments and questions are welcome
Arnold Roth • President and Chief Operating Officer • [email protected]
Toll-free from the US • 1-888-875-5766
Herzliya, Israel +972-9-951-7277
Copyright © 2010-2011
ETV Energy Ltd.
All rights reserved.