Member - greenfortressengineering.com

Executive Summary Green Fortress Engineering Inc. (GFE) is a leader in the design and development of next generation of Hydrogen Storage. GFE’s Hydrogen Ultra Storage (H2US) solution takes planet stewardship to the next level while forming the basis for an extraordinary economic opportunity. This innovative solution will allow GFE to enter several niches with a more efficient, dramatically lower cost solution while opening previously inaccessible markets. GFE is a privately held, early stage start-up that will be leveraging both non-dilutive grants and investor capital to commercialize and scale the company. GFE Hydrogen Ultra Storage (H2US) - GFE’s ground breaking Hydrogen Ultra Storage (H2US) will drive a dynamic shift in the adoption of Hydrogen to a broad range of green energy markets including consumer, vehicular/transportation, residential, commercial and industrial applications. As an example, the H2US would increase the current range of the Toyota Mirai (300 miles) by 50% (to 450 miles: equal to many ICE vehicles today) utilizing the same physical space and at significantly reduced weight. • Initial and lifetime cost savings through volume densities greater than that of liquid hydrogen at current system levels • System cost savings: H2US enables storage at dramatically lower pressure (8 bar vs 700 bar typical) • Able to deliver much shorter refill times (~3.5 minutes) • Eliminates the need for complex and costly high pressure hydrogen pressurization and storage while dramatically reducing the chance of explosive discharge. • Unlike most known battery technologies, the H2US is fully recyclable/refurbishable using our R3 recycle, recover and restore approach. Entry Market and Size - We have identified the material handling equipment market, i.e. fork lifts and tractor mules as our initial target market due to its faster adoption cycle and lower capex. We have estimated this market at approximately 14,000 fuel cell units existing in the US and 200 in the EU today with the potential to immediately convert to our storage technology. The improving economics of hydrogen and fuel cells is accelerating the growth of this segment at a fast pace as warehouse operations shift away from battery technology and begin implementing green energy solutions across their portfolios. In partnership with leading fuel cell solutions, the H2US will enable cost savings through reduced manufacturing costs, improvement in performance (longer run times), shorter down times (better capital utilization via faster refueling and less units required) while delivering a safer, greener solution than anything that is available today. Initially, we expect to partner with leading fuel cell manufactures, distributors and systems integrators like Ballard-Protonex, Plug Power and Element One while working directly with equipment manufacturers such as Raymond, HyLIFT-Europe, Caterpillar, Clark, Toyota, Mitsubishi, Jungheinrich, KION, and Hyster-Yale Material Handling. Hydrogen-fueled drones are another attractive market, but the lack of hydrogen infrastructure relegates this skyrocketing market segment to a subsequent surge. GFE has the benefit of being a dual revenue opportunity near-term, and triple revenue long-term. In addition to our H2US product, we have a beta ready second product, the Biomass Super Gasifier (BMSG). The BMSG is a significant leap forward in Biomass to Syngas technology as it can be operated in both small (60kW), medium (360 kW), and large installations (2+ MW), is significantly cheaper than existing solutions (~40%) while its smaller footprint (~50%) can be incorporated in a wide array of applications including fully off-grid, sustainable environments. The BMSG uses biomass to generate biomass fuels/syngas that can be dispensed directly to SOFC fuel cells or syngas-enabled generators. Once purified to 99.999% hydrogen the gas can be stored in our H2US or it can feed directly to H2 Fuel Cells which can be used as either a continuous or back up power source. This product creates long term economic stability for GFE, providing early revenues to use in R&D for hydrogen storage and lunar/asteroidal ISRU.