Electricore, Inc.

1. Electricore, Inc. Presentation to CALMITSAC September 28, 2011

2. Summary of Contents • Electricore Overview and History • Electricore Organization and Model • Portfolio of Sponsors and Participants • Current CEC Opportunity • Key Benefits of Working with Electricore www.electricore.org

3. Summary of Contents • Electricore Overview and History • Electricore Organization and Model • Portfolio of Sponsors and Participants\ • Current CEC Opportunity • Key Benefits of Working with Electricore www.electricore.org

4. Electricore Overview • A 501(c)(3) non-profit organization established in 1993 at the request of the US Department of Defense, Defense Advanced Research Projects Agency (DARPA) to develop advanced technology. • A unique consortium among private and public sector organizations, federal agencies, corporations, small businesses, universities, and research institutions • Since 1993, Electricore has developed and managed many multi-partnered research programs, producing breakthroughs in the fields of Energy, Transportation and Electronics. www.electricore.org

5. Electricore History May 1992: Rep. Vic Fazio (CA) introduced H.R. 5107, calling for a DARPA administered five-year $125 million Electric Vehicle / Hybrid Electric Vehicle infrastructure program (FY 1993 to 1997) 1993: Public Law 102-396; 106 Stat. 1876 created seven regional non-profit 501(c)(3) consortia to coordinate, manage, and sponsor advanced technology research, development and demonstration programs 1993 to 1998: Original DARPA HEV program executed 1:1 cost share Inclusion of Small Businesses, Universities, Disadvantaged Businesses 1999: the DARPA program was transferred to DOT as the Advanced Vehicle Program (AVP) 2003: Electricore begins to expand into other technology areas and agencies 1993 1995 1997 1999 2001 2003 2005 2007 2009 www.electricore.org

6. Electricore Today • Cleantech/Energy • Green Transportation • Defense www.electricore.org

7. Cleantech/Energy • Oil & Gas • Pipeline Safety and Reliability • Materials, Processes, Life Cycle Studies • Cost Reduction • Innovative Inspection Techniques using UAVs, Magnetic Flux and Other Methods • New Technology • BioFuel Pipelines and Storage • Distributed Generation and Smart Grid • Renewable • Solar • Wind • BioFuels • Energy Storage • Batteries • PEM and SOFC Fuel Cells www.electricore.org

8. Green Transportation • Electric and Hybrid Vehicles: Ground, Air and Sea • Electric and Hybrid Infrastructure • Energy Storage and Energy Management • Fuel Cell Vehicles and APUs • Advanced Combustion • Lightweight Materials • Aerodynamics • V-2-G Power www.electricore.org

9. Defense • Ground • Class 8 Truck Vehicle Advancements • Intelligent Battlefield Power Management and Quality • Deployable Renewable Power Sources • Air • New Missions for UAVs. • Sea • Shipboard power from Fuel Cells • Periscope based Radar • Other • Test equipment, subcomponents and other technology enabling breakthroughs. www.electricore.org

10. Summary of Contents • Electricore Overview and History • Electricore Organization and Model • Portfolio of Sponsors and Participants • Current CEC Opportunity • Key Benefits of Working with Electricore www.electricore.org

11. Electricore Organization Board of Directors President & CEO Executive Director Director of Programs Finance Manager Project Managers www.electricore.org

12. Electricore Team – Executive Management • Ilker Bayraktar • Mr. Bayraktar is the founder of Electricore Inc., he currently serves as Treasurer of the Board of Directors, and the President & CEO for this organization. • Mr. Bayraktar was formerly a Corporate Vice President of AeroVironment, Inc. • Mr. Bayraktar holds a masters degree in Electrical Engineering from the U.S. Naval Post Graduate School, Monterey, CA, and a bachelors degree in Mechanical Engineering, Turkish Naval Academy, Istanbul, Turkey. • Deborah Jelen • Ms. Jelen has twenty-five years of management and engineering experience with major companies including Electricore, Inc, AeroVironment, Olin Aerospace, Rocket Research Company and Hughes Aircraft Company. • Ms. Jelen is responsible for management of the execution of all multi-partner teaming development programs for Department of Energy, Defense and Transportation. • Ms. Jelen holds a masters degree in Systems Management from the University of Southern California and bachelors in Mechanical Engineering from the University of California, Santa Barbara. • Ian Wood • Mr. Wood is currently the Director of Programs, where he serves as the point of contact between sponsoring agency representatives, participants, and critical subcontractors for all administrative actions throughout the proposal, contract negotiation, and program maintenance phases of a typical program. • Mr. Wood also leads new business development including identifying new business opportunities, teaming formation, qualifying funding sources, proposal leadership, proposal preparation and submission, and guide project negotiations. • Mr. Wood holds an M.B.A. from the University of Southern California and a bachelors degree in Earth and Planetary Science from The Johns Hopkins University in Baltimore, MD, 1998. www.electricore.org

13. Electricore Team – Consultants • RADM (Ret.) Tom Gross • Retired Deputy Assistant Secretary of Energy, Department of Energy (Clean Cities Program) • Washington, D.C. • BG (Ret.) Roger Burrows • Defense and Automotive • Detroit, Michigan • COL (Ret.) Dale Tietz • US Air Force and DARPA Program Manager • Austin, TX • Dr. John Dunning • Chief Engineer for GM’s Energy Storage Development • San Luis Obispo, CA • Spencer Quong • Leader in advanced vehicle infrastructure projects to design, install, permit, service, and test several hydrogen, natural gas, and EV charging stations across the country • Material Science and Engineering from the University of California, Berkeley • Other industry experts, former government program managers and service providers www.electricore.org

14. Government Agency Experience • Founded in 1993 to bridge the gap between Government and Industry for the research, development and demonstration of new technologies • Have successfully worked with multiple agencies at the Federal and State level • Electricore is fully qualified to contract with the government • DCAA Auditing • Independent Auditing • Established business systems, allows efficient management, invoicing and reporting of government contracts • Electricore has managed over 80 multi-partnered research programs ultimately involving several hundred industry, university and government entities with over $170 million in federal projects www.electricore.org

15. Electricore Models • Model #1 – Electricore Prime • Roles: • Electricore – Prime Contractor and Project Manager • CALMITSAC – Technical and Political Guidance, Co-Funding Contracts, Reporting, and Funding Technical Guidance and Review • Advantages: • Minimized administrative burden on Industry Team • Electricore addresses day to day administration requirements • Industry Team retains technical oversight of all projects • Contracting flexibility over time • Approved and experienced management team Contractors Advisory Board (CALMITSAC) Contractors Contractors www.electricore.org

16. Electricore Models • Model #2 – Industry Prime • Roles: • CALMITSAC – Prime Contractor, Technical Lead and Co-Funding • Electricore – Project Administration Contracts, and Funding Technical Guidance and Review Technical and Financial Reporting • Advantages: • No layer of separation between Government and CALMITSAC • CALMITSAC retains direct technical oversight of all projects • Disadvantages: • No layer of separation between Government and CALMITSAC – more work! • Contracting and administration for each project • Reduced contracting flexibility Technical Lead (CALMITSAC) Contractors www.electricore.org

17. Electricore Models • Model #3 – Joint Industry Projects • Roles: • CALMITSAC –Technical Direction and Funding • Electricore – Project Management and Administration • Advantages: • CALMITSAC receives consolidated project management (technical and financial) for all projects • CALMITSAC retains direct technical oversight of all projects • Independently audited financial oversight • Organizational and Public outreach coordination and planning Industry Technical Team (CALMITSAC) Contracts and Funding Technical Guidance and Review Technical and Financial Reporting Contractors Contractors Projects / Contractors www.electricore.org

18. Electricore Case #1 • Oil and Gas Pipeline Program • First joint proposals in 2004 and first contracts in 2005 • Since then, Electricore has conducted: • 12 Projects in 7 contracts using Model #1 • 5 Projects in 4 contracts using Model #2 • Electricore and Industry have successfully grown many projects using Model #1 • Combined original DOT funding for 12 Projects: $3,268,308 • Total additional DOT funding added: $1,323,144 • Total Project Funding Managed: $15+ million www.electricore.org

19. Electricore Case #2 • Military Microgrids • First teaming in 2007 for CERDEC-sponsored HI-Power • 2008-2010: • 3 HI-Power related projects with Model 1 (CERDEC): $4M • 1 Installation microgrid project with Model 2(CERL):$2.6M • Pending new proposals: $10M+ • Diverse Industry –Academic Team • Eaton Corporation • AeroVironment Inc. • Georgia Institute of Technology • University of Wisconsin Madison • Global ET www.electricore.org

20. Electricore Case #3 • Recovery Act • Used Model #2 for a $20M ARRA Project with DOE • Large Format Li Battery Recycling Plant: • Guided a single client through the entire process: Proposal to Contracting to Execution • Administratively Inexperienced Team • No DCAA accounting system or rates • No prior BAA proposal experience • No government R&D contracting experience www.electricore.org

21. Summary of Contents • Electricore Overview and History • Electricore Organization and Model • Portfolio of Sponsors and Participants • Current CEC Opportunity • Key Benefits of Working with Electricore www.electricore.org

22. Electricore Consortium Sponsors www.electricore.org

23. Portfolio of Participants: Active Participants www.electricore.org

24. Electricore Reach: Commercial and University Canada Amphitech International CO2 Solution, Inc. DICOS Technologies Inc. Technologies M4 Inc. (TM4) Queen’s University Vaperma Alabama Alabama Power/Southern Company California AeroVironment, Inc. Eaton Corporation Electric Power Research Institute Hughes Technical Services Corporation Maxwell Technology US Naval Air Warfare Center Weapons Division Kinsbursky Brothers Inc. / Toxco Colorado National Renewable Energy Laboratory Washington, D.C. US Department of Defense US Department of Energy US Department of Transportation US Department of Interior EADS Company Georgia Delta Airlines FIAMM Robins Air Force Base Hawaii HEVDP Illinois Russell Energy Corporations Iowa University of Iowa New Jersey Rutgers University New Mexico US Department of Energy New York Advanced Vehicle Technology Center at Griffiss Business Park New York City Transit Authority DELPHI Corporation North Carolina Oak Ridge National Laboratory Ohio Aircraft Braking Systems Corporation DELPHI Corporation Great Lakes Electric Auto Association Northwest Diversified Services Rhode Island Naval Undersea Warfare Center Tennessee Advanced Vehicle System Chattanooga Area Rural Transit Authority Electric Transit Vehicle Institute Tennessee Valley Authority Texas American Airlines Dallas Fort Worth International Airport Southwest Research Institute Advantica, Inc. Kestrel Technology Group, LLC. Virginia Baker Electromotive Washington Pacific Northwest National Laboratory Wisconsin University of Wisconsin Indiana Allison Engine Company (Rolls Royce) Carlyle Group & Onex (Allison Transmission) Cinergy Corporation, PSI Energy Delco Remy International DELPHI Corporation Electric Vehicles International, Inc. Hudson Institute I Power Energy Systems, LLC Indiana University / Purdue University at Indianapolis Indianapolis Power & Light Indianapolis Public Transportation Corporations Naval Surface Warfare Center, Crane Division Navistar International Purdue University at West Lafayette Raytheon Technical Services Company Southern Indiana Gas and Electric Company State of Indiana, Department of Commerce Energy Massachusetts Patuxent Wildlife Refuge SatCon Technology Corporations Solectria Corporation Michigan DELPHI Corporation Ford Motor Company Nartron Corporation SatCon Technology Corporations TDM, Inc. Global ET, Inc. U.S. Army TARDEC / TACOM / NAC Missouri University of Missouri-Rolla Nevada US Department of Energy www.electricore.org

25. Electricore Consortium Offering Component Equipment: - Energy Storage - Efficient Motors - Power Electronics - Fuel Cells Integrated Systems: - Electric & Hybrid Vehicles - Distributed Generation - Alternative Energy - Power Management Tactical Technologies: - Auxiliary Power Units - Alternative Energy Modules - Deployable Microgrids - Aircraft Electrification Military Installations: - Renewable Energy - Modeling and Optimization - Transportation and Infrastructure Electrification - Pollution Prevention and Recycling www.electricore.org

26. Summary of Contents • Electricore Overview and History • Electricore Organization and Model • Portfolio of Sponsors and Participants • Current CEC Opportunity • Key Benefits of Working with Electricore www.electricore.org

27. CEC Grant Opportunity • Summary: • “Advanced Medium- and Heavy-Duty Vehicle Technologies Pre-Commercial Demonstrations” • PON-10-603 • Application Due Date: October 14, 2011 • The maximum funding available for this solicitation is $16,940,000. The Commission reserves the right to increase this amount up to $26,940,000. • $8,940,000 is available for battery electric or hybrid electric vehicle technology demonstration projects. • $8,000,000 is available for alternative fueled vehicle technologies. www.electricore.org

28. CEC Grant Opportunity • Purpose: • This is a competitive block grant solicitation. • The California Energy Commission (Energy Commission) is seeking applications from not for profit technology entities to administer, manage and coordinate demonstration projects for advanced, alternative technology medium- and heavy-duty vehicles for near commercial on- and off-road applications. • Preference will be given to demonstration projects that focus on moving goods and people in California’s air basins with the greatest need for reducing greenhouse gas and criteria emissions. www.electricore.org

29. CEC Grant Opportunity • Purpose (cont.): • The purpose of this solicitation is to demonstrate and enhance market acceptance of near-term commercial applications of alternative technologies and alternative fueled vehicles, including transit buses, in California’s commercial goods movement and transit sectors. • Projects must show near term commercialization and production capabilities, reduce greenhouse gas (GHG) emissions, and reduce petroleum use. www.electricore.org

30. CEC Grant Opportunity • Eligibility: • Projects must be demonstrated ( 50% minimum time) in California in at least one or more of the following air basins: • Mojave Desert Air Basin • San Joaquin Valley Air Basin • San Francisco Bay Area Air Basin • South Coast Air Basin • Projects must have an existing vehicle or engine manufacturer as a partner to the demonstration project. • Project must have a client partner for whom the vehicle’s market application and duty cycle are being tested such as a port, utility, fleet owner, or company selling or distributing product. www.electricore.org

31. CEC Grant Opportunity • Team: • Propose an Electricore lead on a CALMITSAC-Electricore branded program • Pending support from Los Angeles Regional Collaborative for Climate Action and Sustainability (LARC) at UCLA and the Clinton Climate Initiative • Need support from: • SCAQMD • POLA/POLB • CARB • CEC • Others www.electricore.org

32. CEC Grant Opportunity • Programs: • Projects in discussion include: • Hydrogen Engine Center’s 9.4 liter hydrogen/ammonia engine • Eaton Corporation Hydraulic Hybrid technology • EDAG all-electric transit vehicle • Total Transportation Services, TTSI (preliminary) • Balqon All-Electric Drayage Truck (preliminary) • Vision Hydrogen Fuel Cell Hybrid-Electric Truck (preliminary) • Other opportunities available per the interest of the CALMITSAC member interests www.electricore.org

33. CEC Grant Opportunity • Next Steps: • Formalized support from CALMITSAC for a joint “branded” program administered by Electricore • Finalize roles and responsibilities and long-term “fit” to CALMITSAC strategic goals • CALMITSAC support for proposal process: • Letters of Support • Demonstration location commitments • Political support • Electricore to lead / manage the proposal development and submission www.electricore.org

34. Summary of Contents • Electricore Overview and History • Electricore Organization and Model • Portfolio of Sponsors and Participants • Current CEC Opportunity • Key Benefits of Working with Electricore www.electricore.org

35. 3 WAYS ELECTRICORE WILL ADD VALUE #1 – Program Organization and Teaming Electricore will organize all team members, negotiate and execute individual subcontracts, and provide intellectual property shielding between team members. Working with Electricore also resolves many common and difficult issues with program organization, including: • Providing a fire-wall between team members so that company confidential data and information (technical and cost) is secure; • Conducting timely contract negotiations with the Sponsor and subcontractors; and • Organizing and sponsoring program kick-off meetings. www.electricore.org

36. 3 WAYS ELECTRICORE WILL ADD VALUE #2 – Program Administration Electricore will professionally manage all administrative aspects of the program, from cradle to grave, including schedule & contract management, reporting, and invoicing. Working with Electricore eliminates universal challenges with program administration, including: • Providing adequate resources to managing the Government’s administrative requirements on projects; • Ensuring all deliverables, reports, and forms are submitted per the contract and FAR/DFAR requirements; and • Providing ongoing intellectual property shielding between team members ensuring the security of company confidential information. www.electricore.org

37. 3 WAYS ELECTRICORE WILL ADD VALUE • #3 – Program Flexibility Electricore model provides maximum flexibility for the Sponsor to modify and grow a program over time. Our technology neutrality ensures the Sponsor’s objectives are met – not the vendor’s. • Ability to add or substitute subcontracts throughout a program based on performance, goals, and technology advances; • Assist the Sponsor in identification of new technologies and companies; and • Simple way to team industry, academia, and national laboratories. www.electricore.org

38. Benefits of Working with Electricore: • Bottom Line: • Cost effective way to manage government funding opportunities without growing the Sponsor’s overhead costs • Significantly reduces the regulatory, contractual, and administrative burden from the Sponsor – allowing the Program Manager to focus on technical issues • Established, positive working relationship with a successful model and track record of execution www.electricore.org

39. Electricore, Inc. • Contact Information: Mr. Ian Wood Director of Programs (661) 607-0261 (661) 600-6314 (mobile) ian@electricore.org www.electricore.org