Vast.General.Overview.C.2.12

V a l u e A d d e d S t e a m T e c h n o l o g i e s

2824 17th Street, Elkhart, Indiana 46517 ● Telephone 574.970.4800 ● [email protected]

VAST™ Power Systems, Inc.

VAST: Mission/Team/TechnologyVAST: Mission/Team/Technology

April 19, 2010 © 2010 2

Our Mission - Our Goals

ONE MISSION:

To serve God by profitably building more efficient combustion systems with exhaust so clean you can breathe it.

TWO GOALS:

Clean Power + Good Stewardship

Clean Power means making affordable power and heat with virtually no pollution.

Good Stewardship means being good stewards of who we are and what we have been given: Our talents. Our resources. Our time. Our health - our very lives themselves - all given to us as good gifts to be used in meeting the real needs of people.

That's what we're about: bringing glory to God by providing Clean Power and practicing Good Stewardship. By achieving those goals, we'll honor our Lord, serve our stakeholders and fulfill our mission.

April 19, 2010 © 2010 3

Our Core Commitments

In response to God’s love, grace and mercy, we seek to:

● Acknowledge God’s authority in our lives and His creation and ownership of everything (ideas, resources, money, time…).

● Be obedient stewards by using the talents He has given us to effectively develop cleaner, more efficient combustion systems, thereby helping our stakeholders to reach their full potential. Our stakeholders include investors, employees, vendors, customers and their communities.

● Understand and obey God’s will for our lives so as to bring Him glory by the way we fulfill our callings as we serve people.

● Align how we live with God’s commands and principles revealed through His Word, the Bible.

● Reflect, albeit imperfectly, by the way we live and do our work, something of the nature of God; His sacrificial love, grace and mercy as well as His love of beauty, quality and justice.

April 19, 2010 © 2010 4

Our Core Team

Gary Ginter, Chairman/Lead Angel InvestorLinkedin Bio: http://www.linkedin.com/in/garyginter

Dr. David Hagen, Chief ScientistLinkedin Bio: http://www.linkedin.com/in/davidlhagen

● Principal in multiple start-ups and a major IPO.● Founding Principal in two private firms with combined value of over $320MM..● Partner in Hull Trading sold to Goldman Sachs in 1998 for $531 million.● Founding Angel Investor of many start-ups in communities of need worldwide.● Chairman of many non-profit organizations, several of which he helped found.

● PhD in Mechanical Engineering and MSc Chemistry, Univ. of Minnesota.● Extensive research & development on wet combustion, power systems,

hydrocarbon recovery, etc., filing 25 patents.● Broad experience in solar, Ocean Thermal Energy Conversion, and

alternative energy● Co-authored report on solar energy to reduce Australian greenhouse

gases.● R&D into direct coconut processing to increase local revenues by > 500%.● Lived 21 years in Australia and India; speaks Nepali.

April 19, 2010 © 2010 5

Our Core Team

Allan McGuire, Sr. Design EngineerLinkedin Bio: http://www.linkedin.com/in/allanmcguire● B.S.E.E. and B.A. from Cedarville University.● Researches and models combustion systems and cycles.● Draft IP & manages IP process both internally & with outside IP counsel.● Born in Pretoria, South Africa and raised in Swaziland.● Maintained emergency telecommunications and internet access for front-

line relief operations after Pakistan's devastating earthquake of 2005.● Installed satellite uplink in Slovakia and managed operations of high

powered shortwave and AM radio transmission equipment in Swaziland.● Technical consultant for media ministries in South Asia.

April 19, 2010 © 2010 6

Our History

1969 – First Ginter patent

1997 – Thermogenerator test <3ppm NO

x, CO Water/Fuel>10:1

1971 Converted Boeing 502 Turbine

1992 – VAST Thermogenerator patents

2006 – Progressive Combustor test <1ppm NO

x, CO

2008 – Enhanced Oil Recov. Pat. Pend.

2009 – Oil Recov. Equip. – Pat. Pend

2010 – Oil Recovery Liner Pat. Pend2009 – Built an Alpha test combustor

2004 – Trifluid Reactor Pat. Pend2004 - “Wet” Power Cycle Pat. Pend2005 – Low Emissions Pat. Pend.

2006 – Part Load Cycle Pat. Pend.

2006 – Wet Compression Pat. Pend.2008 – CO2 Recycle Pat. Pend

April 19, 2010 © 2010 7

Our Technology Domains

April 19, 2010 © 2010 8

Our Technologies – Wet Combustion

Combustor and Combustor and thermocouplethermocouple

Combustor with Combustor with Thermocouple armThermocouple arm

Demonstrated Stable Combustion at 700°C/1290°F Conventional combustion > 1200°C/2190°F

Demonstrated ω (Water/Fuel) > 10:1 andλ (Relative Air/Fuel) = 1.18 (stoichiometric=1.0)

Conventional combustion uses ω < 2.5:1 with relative air/fuel λ = 2.6-3.5

*Lower detection limits of EPA-certified tester's equipment.

EMISSIONS: CO

<2 ppm* <3 ppm*

Normalized 0.5 0.8

±0.5 ppm ±0.5 ppm

NOx

Observed (3.8% O2)

(@15% O2)

April 19, 2010 © 2010 9

Our Technologies – Fluid Mixing

● Mixes several fluids.● Increases combustion

stability.● Increases temperature and

distribution control.● Reduces emissions.● Lowers noise and

vibration.● Reduces pressure drop.

April 19, 2010 © 2010 10

Our Technologies – Wet Compression

● Increases compressor cooling.● Reduces compressor work.● Increases pressure ratios for

same thermal limits.● Smaller compressor footprint.● Injects water in each stage.● Less air required.

April 19, 2010 © 2010 11

Our Technologies – Power Cycles

1.0 1.2 1.4 1.6 1.8 2.0 2.2 2.4 2.6 2.8 3.0 3.2 3.4 3.6 3.8 4.0100

120

140

160

180

200

220

240

260

280

300

25

30

35

40

Net Efficiency (β=15)Net Efficiency (β=12)Net Efficiency (β=9)Specific Power (β=15)Specific Power (β=12)Specific Power (β=9)

Lambda λ (ratio to stochiometric)

Sp

ec

ific

Po

we

r (k

W/l

b/s

)

Net

Ele

ctri

cal

Eff

icie

ncy

(%

)

VASTIG™

FSTIG™

Cheng

Point

TIT=1035ºC

Brayton

● Replaces excess air with recycled water.● Increases component life.● Increases efficiencies.● Improves economics.● Increases net power.

● Lowers emissions.

April 19, 2010 © 2010 12

Our Technologies – Hydrocarbon ExtractionEnhanced Oil Recovery & Bitumen Recovery

13.6 kg/s

Down Hole FluidVASTgas™36.3 kg/s @ 14 atm, heat flow 92.7 MW

Water 27.6 kg/s

Fuel 1.76 kg/s

O2 7.0 kg/s

99% pure O2

Compressor(Externally powered to 2.49MW@ 40% net electrical efficiency i.e. 6.23MW of heat)

1127°C

14.1 kg/s

Thermogenerator

Wellhead Efficiency ~ 96.2%vs 83% for Boilers

Capital Cost < $5,000/bbl/dvs > $10,000/bbl/d boilers

6163 bbl/d at 1.3GJ/bbl

● Delivers exhaust heat + steam + CO2 down hole.

● Uses distributed CO2 generation onsite via combustion process.

● Recycles CO2 to achieve desired concentration ratios.

● Compresses gas more efficiently.

● Improves use of CO2 and steam.

280°C

April 19, 2010 © 2010 13

Our Technologies – Hydrocarbon ExtractionBrownfield Remediation and Ocean Oil Spills

● Destroys hydrocarbon contamination on site.– No disposal required

● Modular and portable.● Cleans contaminated

water.● Utilizes recovered

hydrocarbon for heat.

April 19, 2010 © 2010 14

Our Intellectual Property – IP Map

April 19, 2010 © 2010 15

Our Intellectual Property

● 130+ applications filed in 24 countries.● 40 issued patents in over 20 countries.● 65+ independent and 1,100+ dependent claims

filed in the US.● $6,500,000+ in today's dollars invested into

intellectual property with over $3 million invested since 2001.

April 19, 2010 © 2010 16

Our Services

● Energy/Environment research and development.– Research/evaluate/improve energy technologies.

– Apply wet combustion and power methods.

– Leverage our extensive network of consultants.

● Power cycle modeling.– Provide high performance power cycle modeling.

– Experience in analysis and optimizing.

● IP review and consulting.– Research and evaluate relevant art.

– Provide insight into improving applications and claims.

April 19, 2010 © 2010 17

Our Business Models

● IP Commercialization.– License IP to an OEM that is first or second in dominance in an

application domain.

– Sale of partial or exclusive rights to exploit VASTech in one domain or geographic region.

– Cross-licensing critical technology from strategic counterparts or competitors.

● Joint Technology Development.– Cooperative research and development agreements.

– Develop and demonstrate prototypes of pilot plants.

– Gain-sharing of enhanced net profit or production via ESCOs or by share of production..

April 19, 2010 © 2010 18

Our Contact Information

Gary GinterChairman/Interim CEOLead Angel Investor

VAST Power Systems, Inc.2824 17th StreetElkhart, IN 46517-4008U.S.A.Phone: +1-574-970-4800Fax: +1-765-558-4800Email: [email protected] Web: http://VASTPowerSystems.com

Main Office

5840 West Midway ParkChicago, IL 60644-1803U.S.A.Phone: +1-312-925-4571Fax: +1-765-558-4800Email:

[email protected]