Advanced battery technology for the emerging electric vehicle opportunity

1. www.etvenergy.com Arnold Roth Chief Operating Officer Advanced battery technology for the emerging electric vehicle opportunity

2. A call to action • Global warming • Environmental pollution • Geopolitics • Oil prices

3. Establishing technology leadership in one of the most valuable segments of today’s global markets Collaboration: Industry Execution Experienced management team Track record of success Science Innovation Collaboration: Academia

4. Successfully addressing the key challenges calls for focus on energy density and cost (Wh/l) USABC long term target Q1 2014 Volumetric energy density 4.7V (NMS) Battery for UAV Q4 2012 High5ive™ prismatic 1-2Ah 4.7 Volt cell 3.6V - 3.8V Li-ion LCO, LMO NCA, NMC 3.2V 1.2V Li-ion LFP NiMH NiCd Gravimetric specific energy (Wh/kg) Source: ETV Energy; BDG Battery Report - Dec. 2009, Roland Berger Target values are compared to USABC long term goal for EVs. Assumes 30% increase in weight and volume for battery pack and BMS

5. High performance in key measures: energy density, power rating, safety Cycle life % % capacity C/2 C/5 Cycles High power performance Minimal thermal runaway (safe) V Cell voltage Heat Flow (Wg-1) Temperature (0C) Nominal capacity Graph: High voltage Nickel Manganese Spinel Oxides for Li-ion Batteries - ElectrochimicaActa 53 (2008), CEA France Typical data obtained from ETV Energy 1Ah cell (4.7V) vs. graphite

6. Elimination of electrolyte oxidation by eliminating Manganese dissolution and deposition on the anode Cathode: Protective layer to minimize dissolution of Mn+2 into electrolyte and electrolyte oxidation Anode: Protective layer to minimize deposition of Mn+2 into anode material Anode Cathode Separator: Scavenging membrane minimizes the transfer of Mn+2 to anode without affecting Lithium conductivity IP secured by patent strategy Manganese ion Lithium ion

7. High5ive™ cell chemistry: outstanding performance • ETV’s goal is an enabling high voltage (>4.5V) technology platform, engineered to be ready for future developments and enhancements • NMS chemistry delivers significant customer value: • 50% to 100% higher energy density compared with state-of-the-art • As much as 30% lower cost of production and use of inexpensive materials • Power rating as good as the very best • Inherently as safe as the safest competitor

8. Validation in relevant market segments Underway Dec’10 Approved Collaboration with industry $Mn Addressable Market 100,000 10,000 >$50B 1,000 $500M 100 + Cycle life + Operating temp + Storage $100M 10 Energy density + Power density 1 Focused Medium Broad Technology requirement

9. Partnering with industry leaders for mass markets, addressing niches directly Production Aviation Price kW/h Superbikes Licensing Defense High Up to $2,000/kWh Telecommunication JV Cars, trucks, buses Hand tools Mobile Electronics Low <$500/ kWh Electric bicycles and motorcycles 1 10 100 1,000 10,000 100,000 Market size

10. Seasoned, accomplished management team

11. So in summary… • Team has proven track record of bringing new electrochemical systems to market and succeeding • A truly game-changing high-voltage electrochemistry • Strong patent position • Twice the energy density of state-of-the-art batteries • 30% lower cost of production and inexpensive materials • Blended go-to-market model : Licensing into highly competitive markets, with in-house production of own-brand cells/batteries in high-profit niche markets • Once proven in market, High5ive line will strongly support ETV’s global technology licensing revenue stream • Exceptionally capital efficient – first revenues within 3 years of inception • Expecting to achieve break-even by 2013

12. One of the company’s labs on the Bar Ilan University campus Comments and questions are welcome Arnold Roth • President and Chief Operating Officer•arnold.roth@etvenergy.com Toll-free from the US • 1-888-875-5766 Herzliya, Israel +972-9-951-7277