MiNe LLLC Denver Sep 09/10/09


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  • Asemblon is a surface molecular engineering company headquartered in the Seattle, Washington area. Asemblon hold a US Patent with foreign patents pending for a method for putting hydrogen onto and taking it off of an organic molecule. Uses for this technology are very broad. Because Asemblon focuses on developing technologies, we seek partners to commercialize the opportunities seen throughout this presentation. You are invited to contact us to discuss ways in which we might work together.
  • Lawrence Livermore National Laboratory has forecasted that the Automotive market (10.71 quads) can be fully supplied with hydrogen produced from a number of alternative energy sources. However, the question still remains, how can the hydrogen be collected, stored and transported?
  • The key points about the HYDRNOL Carrier technology are that hydrogen can be stored safely and economically locked onto a liquid matrix: When some of the hydrogen is removed, a derivative molecular structure is formed that can be separated from the hydrogen and recycled 100 times or more. Since the HYDRNOL Carrier is liquid over a wide temperature range, it can be handled using the same type of infrastructure as gasoline or diesel. The substantial cost of compressing or liquefying hydrogen gas can be avoided entirely.
  • Using the DOE’s data, Asemblon prepared this chart to show how HYDRNOL compares to other hydrogen storage technologies.This chart shows both the weight and volume scales employed by the DOE.Note that cryogenic compressed hydrogen (which is still in its infancy) barely exceeds the DOE’s 2010 Goal.
  • These three graphs provide another perspective on comparative hydrogen storage. Of course, each method has its particular advantages and disadvantages. Overall: HYDRNOL provides a physically, small relatively lightweight storage methods that has modest energy costs related to discharge and recharge. In fact, as the technology develops, HYDRNOL may see significant reduction in energy costs in associate with waste heat management systems.
  • MiNe LLLC Denver Sep 09/10/09

    1. 1. Enabling the Hydrogen Economy<br />Presenter: Carl Hensman Ph.D. (chensman@asemblon.com)<br />VP Technology Development<br />Asemblon Inc.<br />15340 NE 92nd Street, Suite B<br />Redmond, WA 98052-3521<br />t/ 425.558.5100<br />
    2. 2. Asemblon<br />Private Equity funded Science and Technology Company in Redmond, Washington<br />Business Model – Licensing<br />
    3. 3. Energy Transmission and Distribution (LLNL)<br />Forecasted<br />?<br />Ref: https://eed.llnl.gov/flow/<br />
    4. 4. The Opportunity<br /><ul><li>Provide hydrogen as a cost effective fuel source, by allowing safe and inexpensive storage and transport
    5. 5. Reduce dependence on foreign oil
    6. 6. Make maximum use of all energy sources by aligning the supply with the demand
    7. 7. Dramatically reduce carbon emissions and particulates resulting from hydrocarbon combustion
    8. 8. Make use of the current fueling infrastructure
    9. 9. Economically retrofit vehicles currently on the road for hydrogen use
    10. 10. Provide hydrogen for both mobile and static energy systems</li></li></ul><li>HYDRNOL Carrier<br />Unique Qualities<br />Simple organic molecule<br />Liquid over a wide temperature range<br />Stored and transported at normal temperature and pressure<br />Uses current fueling infrastructure<br />Safe as gasoline or diesel<br />Exceeds DOE goals<br />Enables renewable energy<br />Releases Hydrogen only when needed for consumption<br />Applications<br />Transportation<br />Co-Combustion<br />Hydrogen ICE & Fuel Cell<br />Trains, Ships<br />Aerospace<br />DOD, DOE<br />Power Generation<br />Power Peaking<br />Commercial & Residential<br />Petrochemical and <br />Other Industries<br />
    11. 11. HYDRNOL – Molecular Concept<br />HYDRNOL<br />HYDRNOL<br />Hydrogen to use<br />Spent HYDRNOL<br />Dehydrogenation Catalyst Surface<br />Hydrogen from source<br />Hydrogenation Catalyst Surface<br />
    12. 12. Asemblon – Hydrogen Technical Roadmap<br />2010/2011<br />2009/2010<br />2008/2009<br />
    13. 13. Vehicle Implementation<br />Standard Gasoline Tanker c.f. Specialized Cryo/compressed Tanker<br />Produce virgin HYDRNOL™<br />Deliver HYDRNOL™ to Service Stations<br />Recycling ~100 times<br />HYDRNOL™ delivered to vehicle<br />Spent HYDRNOL™ re-hydrogenated with hydrogen source and added back into use circuit<br />HYDRNOL station is around 1/10 of cost of cryo-compressed station <br />$40 MM c.f. $400 MM for California<br />
    14. 14. Power Shifting<br />A method is needed to store the wind production until required<br />
    15. 15. DOE Targets – Comparison with Other Storage<br />HYDRNOL – N108<br />HYDRNOL – N108<br />HYDRNOL – N67<br />Ultimate Target<br />2015 Target<br />2010 Target<br />
    16. 16. H2 Storage Comparison<br />Gravimetric Percentage<br />Fundamental Energy Requirements<br />N67<br />N67<br />
    17. 17. Expected Schedule – Research to Scale-up<br />N116<br />N108<br />DOE ‘Ultimate’ Target<br />N67<br />DOE 2015 Target<br />S47<br />DOE 2010 Target<br />
    18. 18. Demonstration Partners<br /><ul><li>Automobile
    19. 19. Clemson University – International Center for Automotive Research (18-24 months, H2ICE)</li></ul>BMW, Mazda <br /><ul><li>PACCAR/Kenworth(18-24 months, 32 KW Fuel Cell)
    20. 20. Static
    21. 21. Basin Electric/DOE (18-24 months, H2ICE co-combustion)</li></ul>Wind to hydrogen<br />Footprint for HYDRNOL station<br />Co-Combustion vehicles<br /><ul><li>Small engines (12-18 months, small consumer)
    22. 22. NREL/Clemson University – South Carolina Institute for Energy Studies</li></li></ul><li>HYDRNOL Advantage<br /><ul><li>Cost to move hydrogen is cheaper than cryo-comp or compressed hydrogen
    23. 23. Conventional tube tanker and equipment
    24. 24. A HYDRNOL based hydrogen fueling station would be 1/10th of the cost of a current hydrogen fueling station
    25. 25. Lower CapEx and lower handling issues
    26. 26. Akin to E85
    27. 27. Enables adoption due to low cost retro-fit kits and fuel availability
    28. 28. Faster adoption results in more rapid scale-up of tax subsidies to further fund renewable efforts
    29. 29. Current models are anchored in the distributed conversion of natural gas to hydrogen
    30. 30. HYDRNOL can reduce costs through centralized processing</li></li></ul><li>Economics of HYDRNOL Use - Vehicles<br />HYDRNOL = 4.4 gallons/kg H2<br />On an energy basis 1 kg H2 = 1 gallon gasoline<br />BFN-Asemblon Model 09/04/09<br />
    31. 31. HYDRNOL Timeline: Tier 1 – Scale-Up<br />Year 3<br />Year 2<br />Year 1<br />
    32. 32. 7-year Financial Forecast<br />
    33. 33. Offering Terms<br />Series C Preferred - $5,000,000 Combined<br />$21,000,000 Pre<br />$2.00 per share<br />2,500,000 shares<br />Total Share outstanding post offering<br />13,004,275 Fully diluted<br />Purchases 19.22% of Company<br />$2,900,000 First Close Done<br />$390,000 Received for Second Close <br />$1.5 M available oversubscription<br />Available for placement $3,210,000 M<br />Planned Close Oct-‘09<br />