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Clean Power Technologies, Inc.

Clean Power Technologies, Inc. Investor Presentation Dec 2008. The energy challenge. Clean Power recovers and reuses up to 40% of exhaust heat thereby increasing fuel efficiency. 36% exhaust heat. 33% cooling system. only 27% propulsion. 4% friction.

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Clean Power Technologies, Inc.

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  1. Clean Power Technologies, Inc. Investor Presentation Dec 2008

  2. The energy challenge Clean Power recovers and reuses up to 40% of exhaust heat thereby increasing fuel efficiency 36% exhaust heat 33% cooling system only 27% propulsion 4% friction Clear global market drivers for energy efficiency in all transport modes

  3. Market driver No.1 = regulation Initial target: • US truck idling restrictions – 1 May 2010 Additional considerations: • US quiet zones • US EPA 2012 • Euro IV & V emissions standards • EU Low Emissions Zones (London +) • Asian Clean Cities Initiatives

  4. Clean Power Technologies, Inc. • Develops a unique hybrid vehicle technology that stores and recovers waste heat as steam • Established in April 2006 following 10 years’ academic research • Quoted on US OTC and Germany’s Frankfurt XETRA • 2,500sq ft research facility at Newhaven, Sussex, UK • MoU signed with Safeway Inc.

  5. Industry partnerships • Strong relationships with global component experts • Team members & shareholding from the world leader in steam engineering / process integration

  6. Board of Directors Robert Bayley Director Abdul A.Mitha Chairman/CEO Diane Glatfelter CFO Mike Burns CTO Peter J. Gennuso Director Advisory Board Sir Christopher Althorp-Gormlay Jim Mason Alistair Fraser Prof. Fred Bayley (inventor)

  7. Why now? Why Clean Power? • Global environmental legislation • Boardroom & consumer sustainability agenda • Oil price & dependence • Installation / conversion grants for US truck refrigeration • 20-40% lower lifetime costs than diesel refrigeration • Truck operator payback within 2 years • Steam mode = zero emissions • Tried & tested technology (c.f. fuel cells) • No new infrastructure (c.f. ethanol or hydrogen) • Not fighting ‘big oil’ … making it work smarter

  8. Commercial road map • Develop & protect IP • Identify & sign up delivery partners • Research market applications • Prioritise first market: truck refrigeration / Auxiliary Power • Engineer & test the IP in laboratory conditions • Cooperation agreement with Voith (steam engineering) • Engage media, academia & government • Identify & sign up truck trial customers (2 to date, more to follow) • Start truck refrigeration data collection (Q2 08) • Commence field trials of installed truck prototype (Q1 09) • Use trial results to fine tune technology • Commence production & installation of truck units • Transfer technology to broader markets, e.g. automotive

  9. Revenue model • Primary revenue achieved through • licensing • Joint ventures with other proprietary partners • direct sales • R&D consultancy • co-development & trials

  10. Revenue model

  11. Scale of initial truck market • USA: 85 million trucks • over 7 million refrigerated trailers • EU: 18 million trucks • approx. 2.5 million refrigerated trailers • UK alone: approx. 40,000 refrigerated trailers • Overall global truck market growing at 8% p.a. • Western food tastes, production techniques, logistics & safety standards spreading globally • Global sustainability agenda means this growth requires environmentally compliant technologies

  12. Safeway truck project (confidential) • Safeway’s drivers: • regulation • Corporate & Social Responsibility (CSR) • fleet costs • Clean Power delivers: • compliance with US idle time directives, quiet zones & EPA 2012 • demonstrable ‘first mover’ CSR benefits, incl. carbon credits • fuel savings of >$10k per refrigeration unit per year • grant-assisted installation (EPA credits for 35% to 50% of conversion) • reduced service costs • Timeline • MoU signed– Q2 2008 • test truck installation / integration – Q3 2008 • field testing / validation complete – Q22009 • production & fleet installation commences – TBC • Safeways ROI in <2 years • Safeway requires c. 3,000 Clean Power units p.a. in USA alone

  13. Delivery pipeline passenger car energy recovery military applications

  14. Investment summary • Pre-IPO Q2 2008 (approx £1.5m) • commercialise truck programme • with Safeway’s revenue from Q1 2010 • potentially earlier revenue from further truck partners • IPO potentially mid 2009 (approx £7.4m) • fund full scale manufacture of truck systems • support worldwide marketing & licensing • passenger cars (already part developed) • Longer-term investment opportunities: • marine • military (NB heat footprint benefits)

  15. Appendix

  16. Media / peer group reaction

  17. Board of Directors Abdul A. Mitha (Chairman/CEO) Abdul Mitha is the founder,  President, CEO, and Director of Clean Power Technologies Inc. Mr. Mitha brings more than three decades of domestic and international experience in the management of ongoing and start-up public and private companies and business development. Mr. Mitha brings experience, expertise, and enthusiasm to the development of the Company's new CESAR technology. He is passionate about the uniqueness and the futuristic characteristics of the hybrid fuel technology and is confident about the unlimited potential of the project. Mr. Mitha is a Barrister in Law and received his Master's degree in Comparative Law from Brunel University, Middlesex, England. Diane Glatfelter (CFO) Diane Glatfelter was appointed as a director and Secretary – Treasurer of the Issuer on May 23, 2006.  Ms. Glatfelter holds a Bachelor of Science with a major in marketing and a minor in management, received from the University of Bridgeport in 1988.  From June 1999 to the date of this filing, Ms. Glatfelter is the President and shareholder of K2 Unlimited, Inc. a consulting company which provides consulting in all areas of cash flow, including factoring, purchase order advances, debt management, bounced check recovery, loans, revenue management, risk management and collections. Ms. Glatfelter has 150 million dollars of accounts receivable under management for various clients at any one time.  Ms. Glatfelter resides in Billerica, MA. Ms. Glatfelter is an officer and director of OLM Ventures Inc. a reporting company that files annual, quarterly or period reports with the United States Securities and Exchange Commission.

  18. Board of Directors (cont.) Mike Burns (CTO) Mike is a highly skilled automotive engineer with proven analytical/practical skills and 32 years’ experience in the automotive industry. Creative and entrepreneurial, he has the ability to reduce development costs by effectively combining digital and physical analysis. Mike has worked his way from apprentice to degree level with Marconi Avionics, Ricardo Consulting Engineers and Brighton University. Specific disciplines include engine designer, and body, chassis and trim engineer – working for Ford, Volvo, Yamaha and Daimler Chrysler. He held the position of laboratory test manager and chief engineer for Daewoo Motor Company between 1994 and 2002 – managing a team of 240 engineers and technicians and reducing the development time for a complete new range of cars and vans from 38 months to 26 months. Mike is also commercially experienced, having successfully managed his own technical consultancy, based at Sussex University and working for customers such as Benteler and Visteon. Robert Bayley (Director) Robert is a chartered engineer with degrees in Mechanical Engineering and Economics. He started his career at Foster Wheeler as a Project and Maintenance Manager in June 2002. Robert then moved on to BG Group plc, a global natural gas business. From July 2003 to February 2004 he was BG Group’s Head of Mechanical Engineering in Kazakhstan, where he provided technical and mechanical engineering support to the production, design and construction of various projects. He was Maintenance Manager for BG Group from February 2004 to June 2006, and since June 2006 has been serving as an asset integrity specialist for BG Group, Egypt. He is a fluent speaker of English, German, French, Spanish, Indonesian, Malaysian and Russian. Robert is not an officer or director of any other reporting company that files annual, quarterly or period reports with the United States Securities and Exchange Commission.

  19. Board of Directors (cont.) Peter J. Gennuso (Director) Peter graduated with a degree in law in May 1998. From October 1995 to May 1998, he was a financial and legal associate for Lynch Corporation, Greenwich, Connecticut, moving onto an Associate role for Littman Krooks Roth & Ball PC, New York, in August 1998. From May 2000 to May 2004 Peter was Associate for Todtman, Nachamie, Spizz & Johns, PC, New York. Since January 2008 Peter has been Partner at Gersten Savage LLP, New York, having been promoted to this role from an Associate which he served from May 2004 to December 2007. Peter has been providing legal council for Clean Power Technologies Inc. since December 2006. Peter is not an officer or director of any other reporting company that files annual, quarterly or period reports with the United States Securities and Exchange Commission.

  20. Advisory Board Professor Fred Bayley (Inventor) Fred Bayley is professor emeritus in the University of Sussex, which he joined in 1966 as the founding Professor of Mechanical Engineering. He moved from Newcastle where after a spell in marine engineering on the Tyne he had become lecturer and, later, reader in the University Department of Mechanical Engineering. He has taught and researched in heat transfer and fluid mechanics while acting also as a consultant to the process and power industries. The experience thus gained has been applied to gas turbines and recently to hybrid vehicles. The UK Institution of Mechanical engineers awarded him the 2001 Dugald Clerk Prize for his paper on the saturated liquid accumulator to the Total Vehicle Conference. Professor Bayley is the principal inventor of the CESARS technology. Christopher Althorp-Gormlay Sir Christopher is a private equity specialist and is heavily experienced in merger and acquisition transactions, spanning a long career in investment banking and venture capital. He is a partner at SKG Equity Partners, a boutique investment bank, as well as a Non-Executive Director and principal investor to numerous private companies. Sir Christopher focuses on the corporate finance requirements of corporations, advising on both capital and equity markets, as well as IPO and cross-border listings. He started his career as a management consultant and has advised on numerous transactions within the engineering sector. He is also a fellow of the Royal Society for the Encouragement of Arts, Manufacturers and Commerce, and is a patron member of the Genesis Initiative – the lobbyist and support group for small business.

  21. Advisory Board (cont.) Alastair Fraser (Advisory Board Member) Alastair Fraser is a Chartered Accountant with some 18 years of domestic and international experience in the energy industry.  Alastair is Head of Strategic Development for Doosan Babcock Energy Ltd. He qualified as a Chartered Accountant with Ernst & Young and worked for five years as corporate finance advisor leading some 20 transactions ranging in size from US$2 to $250m. In the mid 90s Alastair worked as a consultant to the energy industry supporting electricity and downstream gas companies to establish new business ventures in the deregulating UK market.  Subsequently Alastair spent three years as Mitsui Babcock's Treasurer before taking a role as Finance Director with M&N Windpower a wind farm developer where he establish their European business. Alastair holds a joint honours degree in economics and accounting from the University of Bristol. James Mason Jim Mason is a career automotive engineer and strategic consultant, initially trained by General Motors. After an early career in programme management with GM Vauxhall and Leyland Trucks, Jim joined ENASA Pegaso, the Spanish national truck and bus maker, as Technical Director responsible for Advanced Technology, Product Planning and Engineering. Based in Madrid, he was intimately involved in acquisitions, such as UK truck-maker Seddon-Atkinson, and the process of privatising the company – which culminated in its acquisition by Iveco (Fiat Commercial Group) in 1990. Jim returned to the UK, running his own engineering consultancy, until joining Daewoo in 1995 to head up their strategic initiative aimed at establishing a credible design and engineering centre in Europe. Since retiring from full-time employment in 2003 he has continued acting as a consultant to auto-engineering companies and to private equity businesses requiring technical due diligence for proposed acquisitions. Jim is also a Chartered Engineer (CEng.) and a Fellow of the Institution of Mechanical Engineers.

  22. Contacts Clean Power Technologies, Inc. Unit 7 (w) E-plan Industrial Estate New Road Newhaven BN9 OEX United Kingdom Tel: +44 (0) 1273 516 013 www.cleanpowertech.co.uk Abdul Mitha: +44 (0)7824 365198 mithaa@shaw.ca Mike Burns: +44 (0) 1273 516013 mike@cleanpowertech.co.uk

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