1. MEA and Stacks for Fuel cell power generators –
an alternative to conventional sources of uninterruptible power supply and
transport engines.

2. New membrane electrode assembly and stacks for PEM Fuel Cell
Solution
2
Usage of «dirty» hydrogen
up to 100 ppm CO.
No humidification system.
Working at low tempratures
without additional heating.
Low Platinum usage:
1kW stack cost $1175.

3. Technologies
Membrane Electrode Assembly
New SnO2 - SbO4 / Pt Catalyst
Membrane modification technology
3
still a short period of time that requires the use of a battery or
Telecommunications installations with backup fuel cell power
Hydrogen
Anode/Catalyst
Cathode/Catalyst
Water/Heat
Oxygen
PEM
Flow Plates
The modified membrane becomes moisture independent
and works without additional heating at low temperatures
(now -5C, potentially up to -40C)
NO humidification and air cooling systems
High tolerance to CO, lower hydrogen fuel purity is
needed (50-100 ppm CO)
Applicable to DuPont membranes (or other)
Utilization of nanostructured platinum catalyst PtC
in highly dispersed oxide and oxide-carbon carrier
lead to: lower platinum usage for cathodes (down to
100 mcg/cm2) and anodes (down to 50 mcg/cm2)

4. Lifetime 2Х higher (40.000h) than best known Fuel cell competitor
0"
1000"
2000"
3000"
4000"
5000"
6000"
Dantherm)Power))) Horizon) AT)Energy)
CAPEX"FC"Stack"/"kW""
0"
20"
40"
60"
80"
100"
Ba#eries( FC(Dantherm(Power((( FC(AT(Energy(
Energy"cost"kW/h,"rubles.""
Start temperature from -5 0С (potentially -40 0С) to +40 0С Danther Power from 00С
Horizon from+50С
Competitive advantages towards FC PEM competitors
4
2X stack CAPEX reduction
humidification system and air cooling system replacement
5X reduce cost of generated energy

5. Current status
5
Technology
Proof of concept (catalyst + membrane): 1-2W cells
Lab sample developed and tested: MEA with moisture independent (H2) membrane ( -5C),
rh=0%, size: 5*5cm up to 40*40cm, Platinum: cathodes: 0,3 mg/cm2, anodes: 0,1 mg/cm2,
Business
2013: $60 revenue from commercial R&D
In talks with clients:
- Avangard 500: Backup
- Avgur: manufacturer of airships
- Degtyarev Factory: robotics on PEMFC
Targets for MEA
Current
Catalyst: High tollerance to CO in hydrogen (up to 100 ppm)
Membrane: moisture independent (- 40 C), ability to replace humidification block from FC system
- Shell: power units for materials handling
- Ministry of Defence Russia: unmanned aircraft vehicles
- Russian Railways: auxiliary power units
and others
Platinum usage: cathodes: 0,1 mg/cm2, anodes: 0,05 mg/cm2

6. UPS global market: 2X growth in 10 years
Global market
[1] http://www.electrical-source.com/whitepapers/StateofUPSIndustry_whitepaper.pdf
[1]
2010 2015 2020
$7,5B
$10B
$15B
6
Fuel cell global market: ~25% annual growth
2011 2014 2017
$600M $1,4B
$3B

7. Other applications & markets avaliable
7

8. 4 years of experience in managing high-tech ventures.
2 years in venture capital.
20 years of research in electrochemistry and electrocatalysts for fuel cells.
Custom R&D for Nissan, Samsung, Norilsk Nickel.
Publications in «Catalysis today», «Chemical communication» etc., (h = 12).
Daniel Shaposhnikov, co-founder and early investor
Yuri Dobrovolsky, Doctor of Chemistry, co-founder
Sergey Nefedkin, Doctor of Engineering, co-founder
20 years of research in hydrogen energy sources.
Team
8

9. Membrane
ready
Catalyst
ready
Membrane electrode
assembly ready
06.2014 12.201412.2013
R&D and business development plan
9
R&D 1
R&D 2
R&D 3
Fuel cell Stack
ready
R&D 4
Product ready (small lot):
Membrane electrode
assembly
Product ready
(pre-productional sample):
FC stack
09.2014 early 2015
First sales
MEA & Stacks
2016
Exit opportunity

10. Seed round ($110k)
hard commitment from Atom Partners in addition to Skolkovo grant
Investments
10
1-y Golutvinsky, b.6, Moscow
+7 495 972 8173
info@atenergy.pro
A Round ($1,4M): February 2014
- Term sheet for $700K from RussianVC
- Atom Partners follow on round opportunity
- Skolkovo $700k grant opportunity