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High-Technology
Air Blowers
for
Fuel CellsFuel Cells
27 September 2016
Advanced Air Blower Manufacturer
• Critical Component
• Breakthrough Technology
• High Customer Traction
• HQ in Boulder, Sales Office in Tokyo
Company Description
• HQ in Boulder, Sales Office in Tokyo
>90% of Total Global Fuel Cell Unit Sales
• Primary Applications
Telecoms, House Power, Forklifts & Speciality EVs
• Unit Sales Doubling Annually
• Revenues Growing at > 40% per year
Global FC Markets, 1-30 kW
VAIREX Inside
Outside Recognition
• State of Colorado
Office of Economic Development & International Trade
Advanced Industries Grant
• US Patent 9,303,645 B2
We’re Getting Noticed
• US Patent 9,303,645 B2
Regenerative Blower With Convoluted Contactless...
Pending in EU, Japan & Korea
• President’s E-Award
Presented by Secretary of Commerce Pritzker
Technology
Looks Like a Fan, Acts Like a Compressor
• 10X the Pressure of a Centrifugal Fan
• 10% of the Parts of a Typical Compressor
• Simple & Robust: Only One Moving Part
• Lowest Cost, Longest Life, Most Compact• Lowest Cost, Longest Life, Most Compact
• Patents Issued & Pending Globally
Blower Product Range
Full Range for < 1kW to >30 kW Fuel Cells
• Range of Blower Heads to Match Flow
VRB1 & VRB16 New in 2016
• Single and Two-Stage to Match Pressure
• Range of Motors to Match Voltage & Power
VRB12
VRB22
VRB42
VRB82
VRB162
VRB322
VRB1 VRB2 VRB4 VRB8 VRB16 VRB32
Controller Product Range
FC Air Systems Require Motor Controls
• Responding to Specific FC Requirements
• Product Line Matched to FC Voltage Specs
• Advanced FC-Specific Functions Capable
• Designed to Be Very Cost Effective
• V2 in Fabrication for Customer Evaluation
• VAIREX Colorado HQ
• Capacity >50,000 Units / yr
• Lean, Flexible, Paperless
• Global Supply Chain
World Class Manufacturing
Simple Product, Fast Precision Assembly
• Global Supply Chain
• Built to Meet Industry CQD Objectives
Historical Nature of the FC Industry
• Unpredictable Volumes and Schedules
• Ramp Slower than Predicted
• Fits and Starts
Challenges
Impact on VAIREX
• Increases Costs
• Increases Capital Requirements
• Harder to Attract Capital
• Harder to Attract Supply Chain Support
Shout Out to Survivors
• Make Fuel Cells a US Energy Plan Priority
• Benchmark Against Global Competitors
• Refocus Towards Industrialization
• Non-Dilutive Capital
Suggestions
• Non-Dilutive Capital
• Grants
• Customer NRE
• Banks
Ski Muir MilburnSki Muir Milburn
Chief Executive Officer
VAIREX air systems
Boulder, Colorado, USA
milburnski@vairex.com
Jim Hishinuma
President
VAIREX asia pacific
Tokyo, Japan
jim_hishinuma@vairex.com
11

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VAIREX's high-tech air blowers are getting a lot of attention in the fuel cell industry.

  • 2. Advanced Air Blower Manufacturer • Critical Component • Breakthrough Technology • High Customer Traction • HQ in Boulder, Sales Office in Tokyo Company Description • HQ in Boulder, Sales Office in Tokyo
  • 3. >90% of Total Global Fuel Cell Unit Sales • Primary Applications Telecoms, House Power, Forklifts & Speciality EVs • Unit Sales Doubling Annually • Revenues Growing at > 40% per year Global FC Markets, 1-30 kW VAIREX Inside
  • 4. Outside Recognition • State of Colorado Office of Economic Development & International Trade Advanced Industries Grant • US Patent 9,303,645 B2 We’re Getting Noticed • US Patent 9,303,645 B2 Regenerative Blower With Convoluted Contactless... Pending in EU, Japan & Korea • President’s E-Award Presented by Secretary of Commerce Pritzker
  • 5. Technology Looks Like a Fan, Acts Like a Compressor • 10X the Pressure of a Centrifugal Fan • 10% of the Parts of a Typical Compressor • Simple & Robust: Only One Moving Part • Lowest Cost, Longest Life, Most Compact• Lowest Cost, Longest Life, Most Compact • Patents Issued & Pending Globally
  • 6. Blower Product Range Full Range for < 1kW to >30 kW Fuel Cells • Range of Blower Heads to Match Flow VRB1 & VRB16 New in 2016 • Single and Two-Stage to Match Pressure • Range of Motors to Match Voltage & Power VRB12 VRB22 VRB42 VRB82 VRB162 VRB322 VRB1 VRB2 VRB4 VRB8 VRB16 VRB32
  • 7. Controller Product Range FC Air Systems Require Motor Controls • Responding to Specific FC Requirements • Product Line Matched to FC Voltage Specs • Advanced FC-Specific Functions Capable • Designed to Be Very Cost Effective • V2 in Fabrication for Customer Evaluation
  • 8. • VAIREX Colorado HQ • Capacity >50,000 Units / yr • Lean, Flexible, Paperless • Global Supply Chain World Class Manufacturing Simple Product, Fast Precision Assembly • Global Supply Chain • Built to Meet Industry CQD Objectives
  • 9. Historical Nature of the FC Industry • Unpredictable Volumes and Schedules • Ramp Slower than Predicted • Fits and Starts Challenges Impact on VAIREX • Increases Costs • Increases Capital Requirements • Harder to Attract Capital • Harder to Attract Supply Chain Support
  • 10. Shout Out to Survivors • Make Fuel Cells a US Energy Plan Priority • Benchmark Against Global Competitors • Refocus Towards Industrialization • Non-Dilutive Capital Suggestions • Non-Dilutive Capital • Grants • Customer NRE • Banks
  • 11. Ski Muir MilburnSki Muir Milburn Chief Executive Officer VAIREX air systems Boulder, Colorado, USA milburnski@vairex.com Jim Hishinuma President VAIREX asia pacific Tokyo, Japan jim_hishinuma@vairex.com 11