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 Clean 
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Smart
 Solutions
 for
 Clean 
Energy

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A presentation by Steve Anderson at TBLI CONFERENCE EUROPE 2008.

A presentation by Steve Anderson at TBLI CONFERENCE EUROPE 2008.

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  • 1. Smart
Solu*ons
for
Clean
Energy™
 Investor
Presenta,on
 November
2008
 ©
2008
Surfect
Technologies,
Inc.

  • 2. Safe
Harbor
Disclaimer
 Smart
Solu*ons
for
Clean
Energy™
 The
informa:on
in
this
presenta:on
may
include
quot;forward‐looking
statementsquot;
within
 the
meaning
of
the
Private
Securi:es
Li:ga:on
Reform
Act
of
1995
that
involve
risks
 and
 uncertain:es,
 par:cularly
 statements
 an:cipa:ng
 future
 growth
 in
 revenues.
 Words
 such
 as
 “an:cipates,”
 “es:mates,”
 “expects,”
 “projects,”
 “intends,”
 “plans,”
 “believes”
 and
 words
 and
 terms
 of
 similar
 substance
 used
 in
 connec:on
 with
 any
 discussion
 of
 future
 opera:ng
 or
 financial
 performance
 iden:fy
 forward‐looking
 statements.
 There
 can
 be
 no
 assurances
 that
 forward‐looking
 statements
 will
 be
 achieved,
 and
 actual
 results
 could
 differ
 materially
 from
 those
 suggested
 by
 the
 forward‐looking
statements.
Important
factors
that
could
cause
actual
results
to
differ
 materially
 include:
 the
 comple:on
 and
 filing
 of
 the
 applicable
 documents
 with
 the
 Securi:es
and
Exchange
Commission
and
the
Company's
fulfillment
of
the
obliga:ons
 under
 the
 applicable
 indentures.
 Therefore,
 any
 forward‐looking
 statements
 in
 this
 presenta:on
should
be
considered
in
light
of
various
important
factors,
including
the
 risks
 and
 uncertain:es
 listed
 above,
 as
 well
 as
 others.
 The
 Company
 makes
 no
 commitment
 to
 revise
 or
 update
 any
 forward‐looking
 statements
 in
 order
 to
 reflect
 events
or
circumstances
aWer
the
date
any
such
statement
is
made.
 ©
2008
Surfect
Technologies,
Inc.
 2

  • 3. Investment
Highlights
 Smart
Solu*ons
for
Clean
Energy™
 •  Demand
for
solar
power
increasing
 –  PV
produc:on
cost
dropping
 –  Fossil
fuels
more
vola:le
 •  Surfect
uniquely
posi:oned
in
capital
constrained
market
 –  

drama:cally
reduces
solar
costs
&
increases
efficiency
 •  First
programmable
PV
wafer
pla:ng
technology
 •  Modular
approach
ideal
customer
solu:on

 •  Accelera:ng
move
towards
“grid
parity”
 •  High‐margin
and
scalable
outsourcing
and
licensing
model
 •  Solid
porcolio
of
intellectual
property
 Surfect:
working
at
the
heart
of
solar
power
 ©
2008
Surfect
Technologies,
Inc.
 3

  • 4. Solar
Industry
Trends
 Smart
Solu*ons
for
Clean
Energy™
 •  Solar
power
8
year
growth
~
40%
per
year
 •  Industry
pricing
pressure
&
difficult
funding
environment
 –  Cost
per
kilowag‐hour
of
photovoltaic
systems
has
been
dropping,
while
 electricity
generated
from
fossil
fuels
is
becoming
more
expensive

 –  Supply
chain
dynamics
will
force
manufacturers
to
adopt
applica:on
specific
 technology
to
enhance/preserve
margins
 •  New
report
by
Clean
Edge
&
Co‐op
America
states
solar
power
to
reach
cost
parity
 with
conven:onal
power
by
2015
 –  Solar
power's
contribu:on
could
grow
to
10%
of
the
na:on's
power
needs
by
 2025
 “…to
 reach
 the
 10%
 goal,
 solar
 photovoltaic
 companies
 will
 need
 to
 streamline
 installa*ons
 and
 make
 solar
 power
 a
 quot;plug‐and‐playquot;
 technology,
 that
 is,
 it
 must
 be
 simple
 and
 straighEorward
 to
 buy
 the
 components
 of
 the
 system,
 connect
 them
 together,
and
connect
the
system
to
the
power
grid.”

 –
Clean
Edge,
Inc.
&
Co‐op
America
Founda9on
 ©
2008
Surfect
Technologies,
Inc.
 4

  • 5. Annual
PV
Produc,on
 Smart
Solu*ons
for
Clean
Energy™
 •  Module
costs
have
declined
from
~$100/W
to
~$4/W
‐
during
this
:me
worldwide
 installa:ons
have
increased
to
over
3GW/yr
in
2007
&
~10GW
of
cumula:ve
 installed
capacity
 ©
2008
Surfect
Technologies,
Inc.
 5

  • 6. Solar
Panel
Components
 Smart
Solu*ons
for
Clean
Energy™
 Module/ Array/ Cell Panel System Charge Control Interconnect Rectifier Semiconductor Heat Sink Inverter Optics Diodes Batteries Interconnect Shielding Monitor/Meter High
efficiency
metal
interconnect
reduces
produc:on
costs
and
improves
 integra:on
as
well
as
performance
 ©
2008
Surfect
Technologies,
Inc.

  • 7. Key
Market
Drivers
 Smart
Solu*ons
for
Clean
Energy™
 •  Solar
demand
expanding
rapidly
as
alterna:ve
to
oil
and
gas

 •  Wafer
pla:ng
technologies
moving
to
address
solar
applica:ons
 •  Challenge
‐
to
get
more
power
from
the
wafers
 •  Requirement
‐
50%
cost
reduc:on
and
volume
increase
 •  Pla:ng
lines
need
to
be
more
flexible
&
less
capital
intensive

 •  Many
applica:on‐specific
package
formats
&
new
pla:ng
chemistries
 •  Shortage
of
equipment
suppliers
across
the
industry
 ©
2008
Surfect
Technologies,
Inc.
 7

  • 8. Introduc,on
to
Surfect
Technologies
 Smart
Solu*ons
for
Clean
Energy™
 •  Surfect’s
advanced
interconnect
and
packaging
solu:ons
for
solar
cell
applica:ons:
 –  Improve
solar
cell
manufacturing
speed
and
yields
 –  Significantly
lower
cost
of
metalliza:on
 –  Process
technology
co‐developed
and
delivered
with
tools
 •  Surfect’s
Smart
Solu:ons™
help
producers
of
solar
cells
and
modules
reduce
the
 cost
per
delivered
wag
of
solar
cells
and
improve
the
efficiency
of
wafer
level
 processing
 •  Surfect’s
unique
pla:ng
process
is
based
on
a
proprietary

 Direct
Energy
Pla:ng™
technology,
which
uses
ultrasonic

 energy
to
create
the
metal
interconnect
on
the
silicon
wafers

 •  The
company’s
“plug‐and‐play”
pla:ng
and
integrated

 packaging
solu:ons
are
computer‐driven,
simple
to

 operate
and
can
accommodate
mul:ple
chemistries
 Proprietary
single‐cell
electropla,ng
tool
&
process
 ©
2008
Surfect
Technologies,
Inc.
 8

  • 9. Direct
Energy
Pla,ng™
 Smart
Solu*ons
for
Clean
Energy™
 Proprietary
process
using
advanced
ultrasonics
and
 DSP
technology
to
deposit

 Low‐cost
metal
“interconnect”
on
solar
cells
 DEP
vs.
Compe,ng
processes
 •  Superior
process
 •  Lower
cost
 •  Higher
throughput
 •  More
uniform
deposi,on
 Result:
Improved
solar
reliability,
cost,
performance
 ©
2008
Surfect
Technologies,
Inc.
 9

  • 10. Providing
“Electric
Glue”
 Smart
Solu*ons
for
Clean
Energy™
 Surfect’s
high
performance,
low‐cost
interconnect
 
increases
solar
cell
efficiency,
helping
bring

 more
electricity
from
cell
to
panel
to
grid
 Outcome:
Improved
power
management
integra,ng
 electronics
closer
to
solar
cell
brings
industry

 closer
to
grid
parity
 ©
2008
Surfect
Technologies,
Inc.
 10

  • 11. Scalable
Process
&
Tool
 Smart
Solu*ons
for
Clean
Energy™
 Intelligent
Frame
with
Ver:cally
Stacked
DEP™
Pla:ng
Engines
 ©
2008
Surfect
Technologies,
Inc.
 11

  • 12. A
Key
Role
in
the
Solar
Supply
Chain
 Smart
Solu*ons
for
Clean
Energy™
 Industry
Today:
 Silica
 Panels
/
 Panels
/
 Source
 Ingot
 Wafers
 Cells
 Systems
 Systems
 Supply
Chain
Consolida:on:
 Silica
 Panels
/
 Source
 Ingot
 Wafers
 Cells
 Systems
 •  Over
30
years
experience
in
packaging
and
miniaturiza:on
technology
 •  Applying
semiconductor
packaging
processes
to
op:mize
silicon
use
&
efficiency
 •  High
efficiency
metal
solu:ons
and
integra:on
technology
 •  Using
these
tools
to
drive
module
and
system
design

 ©
2008
Surfect
Technologies,
Inc.
 12

  • 13. Compe,,ve
Environment
 Smart
Solu*ons
for
Clean
Energy™
 •  High
acquisi,on
cost

 •  Modular
design

 Acquisi,on
Cost
 •  Large
upfront
capital
 •  Purchase
on
“as‐needed”
basis
 requirement
 •  Far
lower
material
costs
 •  Manual
process/:me
intensive
 •  Higher
throughput/uniformity
 Opera,ng
Factors
 •  Higher
labor
cost/technical
 •  Low
maintenance
and
 personnel
required
 personnel
requirements
 Space
 •  Large
units

 •  Requires
ample
floor
space
 •  Smaller
individual
units

 •  Efficient
space
u:liza:on
 Requirements
 •  Requires
air
handling
for
fumes
 •  Computer
driven

 Staff
Training/
 •  Extensive
training
 •  Simple
and
safer
to
operate
 •  High
safety
concerns
 Safety
 •  Real‐:me
process
feedback
 •  Substan:al
waste
 •  Fully
enclosed
system
 Waste
 •  Environmentally

unfriendly
 •  Less
breakage
 •  Green
materials/less
waste
 materials
 ©
2008
Surfect
Technologies,
Inc.
 13
 *AMAT
/
Baccinni;
BTU
/
DEK;
Nexx
Systems;

Semitool;
Technic

  • 14. Enabling
Faster
Move
to
“Grid
Parity”
 Smart
Solu*ons
for
Clean
Energy™
 We
reduce
produc:on
costs
and
improve
efficiency
&
performance
with
 high
efficiency
metal
technology

 •  Target
for
grid
parity
is
electricity
 cost
of
$0.10‐0.15
per
kWh
 •  U.S.
avg.
cost
of
retail
electricity
 •  This
translates
into
turnkey
PV
 Standard
Cell
Metalliza:on
–
 Improved
plated
Metalliza:on
 Silver
Paste
 Source:
PV‐Tech
(Solland)
 system
cost
of
$3.60‐4.00
per
wa`

 •  Currently
$6.00‐8.00
per
wa`
 •  Requires
module
prices
of
$2.00‐3.00
 per
wa`
 •  Currently
$3.50‐5.00
per
wa`*
 Over
50%
reduc,on
in
cost

 Improved
Grid
Metalliza:on
 Source:
Day4Energy
 Backside
plated
Metalliza:on
 Source:
PV‐Tech
(Sunpower)
 and
over
30%
increase
in
output
 ©
2008
Surfect
Technologies,
Inc.
 14

  • 15. Reducing
PV
Cost
 Smart
Solu*ons
for
Clean
Energy™
 Surfect
is
well
 posi*oned
in
 a
capital
 constrained
 market
given
 our
ability
to
 drama*cally
 reduce
solar
 cost.
 Advanced

 Advanced
SolarIC
 Module
Standard
 HeatSink/TEC:
 Metalliza,on:
 Smart
Module
 Packaging:
SolarICTM
 Reduce
temperature
 Reduce
Resistance
and
 Integrated
Packaging
 UNDER
DEVELOPMENT
 Recombina:on
 15
 ©
2008
Surfect
Technologies,
Inc.

  • 16. Barriers
to
Entry
 Smart
Solu*ons
for
Clean
Energy™
 •  Intellectual
Property
 –  Three
patents
issued
to
Surfect
in
the
U.S.
and
another
eight
pending
globally
 covering
Surfect’s
electrochemical
process,
electro
deposi:on
apparatus,
 pla:ng
apparatus
and
method,
composite
magne:c
par:cles
and
foils,
among
 others
 •  2005:

Sub‐micron
&
Nano
Size
Par:cle
Encapsula:on
by
Electrochemical
Process
 and
Apparatus
 •  2005:

Electrodeposi:on
Apparatus
and
Method
using
Magne:c
Assistance
and
 Rotary
Cathode
for
Ferrous
and
Magne:c
Par:cles
 •  2004:

Metal
Hydride
Composite
Materials
 –  New
patents
pending
and
under
development
 •  Clearly
defined
upgrade
placorm
for
both
hardware,
process
and
soWware
 ©
2008
Surfect
Technologies,
Inc.
 16

  • 17. Sales
Strategy
 Smart
Solu*ons
for
Clean
Energy™
 •  Establish
strategic
partnerships
in
the
US,
Europe
and
Asia
with
well‐ established,
mul:‐na:onal
distributors
and
chemical
manufacturers
 –  Signed
European
distributor
for
both
solar
and
semiconductor
with
offices
in
 Germany,
Italy
and
UK

 –  Signed
Asian
sales
representa:ve,
based
in
Korea
with
20
year
track
record
in
 solar
and
semiconductor
sales
 –  Korean
solar
development
center

 •  Expand
direct
sales
&
marke:ng
team
to
focus
on
end‐user
customers
 •  Pursue
licensing
&
royalty
 arrangements
 ©
2008
Surfect
Technologies,
Inc.
 17

  • 18. Timeline
&
Near‐term
Goals
 Smart
Solu*ons
for
Clean
Energy™
 •  Partner
with
Asian
manufacturer
for
mass
produc:on
of
Direct
Energy
 Pla:ng
technology
 •  Sign
JV
agreement
with
1
mul:‐na:onal
manufacturer
&
distributor
 •  Add
new
VP/director
of
Product
Management
&
Sales/Marke:ng
 •  Sign
new
end‐user
customer
agreements
with
2‐3
solar
companies
 Build
 Automa,on
Integra,on
 2008
 Sept
 Oct
 Nov
 Dec
 Jan
 Feb
 Mar
 Apr
 May
 June
 July
 August
 2009
 Design
and
CAD
 Ship
and
Qualify
 Produc,on
Build
 18
 ©
2008
Surfect
Technologies,
Inc.

  • 19. Revenue
Model
 Smart
Solu*ons
for
Clean
Energy™
 2
Customers
per
 6
Customers
per
 10
Customers
per
 month
 month
 month
 Revenue
 $10
Mil.

p/yr
 $30
Mil.

p/yr
 $50
Mil.

p/yr
 Gross
Margin
 28‐30%
 50‐52%
 50‐52%
 EBITDA
Margin
 ‐‐
 25‐26%
 27‐28%
   Common
Shares
Outstanding 
121.9
M
   Total
Op:ons
Outstanding
(Avg.
Strike
Price
$0.16) 

55.2
M
   Total
Warrants
Outstanding
(Avg.
Strike
Price:
$0.08) 
116.5
M
 _________________________________________________________________________
   Total
Poten:al
Shares
Outstanding 
293.6
M
 Goal
to
maintain
gross
margin
of
50+%
to
self‐fund
expansion
 ©
2008
Surfect
Technologies,
Inc.
 19

  • 20. Senior
Management
 Smart
Solu*ons
for
Clean
Energy™
 •  Steve
Anderson,
Chief
Execu,ve
Officer
 
Steve
joined
Surfect
in
2004
and
became
CEO,
President,
and
a
director
of
Surfect
Holdings
in
September
2006.
A
28
year
 packaging
industry
veteran,
his
marke:ng
and
technical
development
ac:vi:es
have
focused
on
electronics
manufacturing
and
 bringing
innova:ve
interconnect
technology
to
the
semiconductor
industry.
He
was
formerly
CEO
of
Silicon
Bandwidth
and
SVP
 of
Corporate
Marke:ng
and
Business
Development
at
Amkor
Technology,
Inc.
and
also
spent
several
years
at
Texas
 Instruments.

Steve
has
a
BSEE
degree
in
engineering
from
the
University
of
North
Dakota.
 •  Richard
Tung,
VP
Opera,ons
 
Mr.
Tung
has
held
general
management
and
opera:ons
management
posi:ons
in
the
United
States
and
Asia
Pacific
region
for
 over
25
years.

Prior
to
joining
Surfect,
he
was
the
Director
of
Manufacturing
Engineering
for
Cypress
Semiconductor.
 Previously,
Mr.
Tung
was
with
Amkor
Technology
for
over
ten
years.

He
held
a
variety
of
engineering
and
management
 posi:ons,
eventually
gaining
the
:tle
of
Vice
President
of
Quality
Engineering.

Mr.
Tung
has
also
held
senior
opera:ons
 posi:ons
with
Na:onal
Semiconductor
and
Texas
Instruments.

He
holds
a
Master
of
Science
in
Chemistry
from
the
University
 of
Malaya
and
a
Master
of
Business
Administra:on
from
the
University
of
Phoenix.David
Pham,
Solar
Product
Manager
 •  David
Pham,
Solar
Product
Manager

 
Mr.
Pham
has
extensive
experience
in
the
solar
and
alterna:ve
energy
sectors.
Prior
to
joining
Surfect,
he
was
Chief
Consultant
 at
the
NextLevelGroup
where
his
responsibili:es
included
sales,
marke:ng,
and
renewable
energy
consul:ng
for
small
to
large
 businesses.

Previously,
Mr.
Pham
worked
for
Solvision
Incorporated
as
the
Global
Applica:ons
Engineering
Manager.
Mr.
Pham
 has
also
held
posi:ons
with
Hitachi
Semiconductor,
Advanced
Micro
Devices,
and
Motorola.

He
has
wrigen
nine
books,
 presenta:ons,
and
papers
and
has
a
Bachelor
of
Science
from
University
of
California
in
electrical
and
computer
engineering.
 •  Terry
Gafron,
Product
Manager,
Soiware
 
Mr.
Gafron
has
extensive
experience
in
electrical
engineering
and
automa:on
programming.

Previously,
he
was
employed
at
 Micron
Technology,
Inc.
from
2001
un:l
2008,
most
recently
holding
the
posi:on
of
Characteriza:on/Instrumenta:on
Engineer.
 He
also
started
and
ran
an
RF
test
equipment
development
company
where
he
focused
on
providing
leading
RF
test
technology
 to
customers
working
with
local
investors.

Mr.
Gafron
has
co‐authored
a
number
of
technical
ar:cles
on
semiconductor
 technology
and
shares
a
porcolio
of
three
patents,
one
of
which
has
been
granted
and
the
others
in
various
states
of
approval.

 Mr.
Gafron
holds
a
B.S.E.E.
and
M.S.E.E.
from
Boise
State
University
in
Idaho.
 ©
2008
Surfect
Technologies,
Inc.

  • 21. Surfect
Technologies
 Smart
Solu*ons
for
Clean
Energy™
 We
make
solar
less
expensive,
more
efficient, 
 and
more
effec9ve. 
 ©
2008
Surfect
Technologies,
Inc.