Solar Technology. Solar Lenses We have developed a unique thin film lens that focuses the sun s energy to a hightemperature

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1 Overview This document covers only solar. The technology for combination with natural gas or biomass exists, as well as desalination of water. New Solar Breakthrough May Compete with Gas We have developed a unique solar power technology that could be the first to compete with gas and coal. Two primary issues have prevented solar power from replacing fossil fuels: The first is price solar power equipment has been far too expensive to compete. The second is production capacity. Even if the price of today s solar power technologies was competitive with fossil fuels, the production capabilities are so limited it would take decades to scratch the surface in replacing fossil fuels. Our new solar power technology presents a breakthrough on both fronts. Solar Technology Solar Lenses We have developed a unique thin film lens that focuses the sun s energy to a hightemperature point on a receiver. Side View rendition of one of a circle of solar lenses focusing on a solar receiver heat exchanger The heat is converted to steam, which is then used to generate electricity. Our unique lenses are inexpensive, low maintenance, and independent tests show efficiencies over 90%. Typical solar reflector panels (e.g. solar dishes, troughs, heliostats) are expensive and require periodic, manual fine-tuning to sustain a solar focal point. Once installed, Our lenses never need additional fine-tuning. This significantly reduces the cost of plant operation. A series of lenses fit together in a circular pattern to create a disc. The assembled discs have a span of approximately 39 feet in diameter. Four discs are mounted on a single tower equipped with patented dual-axis, automated tracking. The discs follow the sun at 90 degrees east to west, north to Peridot Solar Overview Page 1 of 6

2 Solar Tower with Four Discs south, producing higher number of hours than single axis concentrator solar power (CSP) systems and flat-plate mounted Photovoltaic (PV) systems. Our unique lenses are made up of common but durable acrylic material that has proven to endure extreme weather conditions for more than 60 years with very little degradation. Our Receiver - Each disc on a tower has its own dedicated receiver. A receiver is a specialized heat collector that directly transfers heat from the hightemperature focal point into heat transfer fluid (HTF). The HTF in each receiver reaches a temperature well over 1,000 degrees Fahrenheit and flows to a patented central heat exchanger and micro turbine mounted on the tower's pole. Independent tests on the receiver show a 90%+ rate of efficiency. The Receiver with heat generated from refracted solar heat Our HTF to Water Heat Exchanger - Our steam cycle does not need an expensive, high-maintenance boiler. Instead each solar tower is its own power plant using a patented heat exchanger. Inside the heat exchanger the HTF heats water to between 1,000 and 1,100 degrees and raises the pressure to 3,000 psi before entering the turbine. Conversely, conventional power plants use boilers where water is boiled and flashed to steam in large high-pressure expansion tanks. The steam is then sent through a series of super-heating stages. Boilers must be regularly certified and each weld must be X-Rayed. The entire system must be continuously monitored with sophisticated and expensive equipment to ensure safety and the output of high-quality steam. If something goes wrong with these boilers they can explode. Our heat exchanger offers significant advantages over these traditional boiler systems required by conventional turbines. First, our new heat exchanger makes steam production and monitoring equipment very inexpensive because it uses standard high-pressure tubing instead of expensive and complicated pressurized vessels. Second, the phase change of water flashing into steam has energy. In our design, this energy is utilized right at the nozzle of the turbine and is, therefore, not wasted by flashing in a large tank prior to reaching the turbine like traditional systems. Our Propulsion Turbine - Our solar power technology successfully operates without a boiler or pressurized vessel because it utilizes a unique, blade-less turbine developed by us to drive an electric generator. Our Peridot Solar Overview Page 2 of 6

3 turbine runs on both high quality and low quality steam with a bi-phase flow capability. Our blade-less propulsion turbine can run directly on superheated, high-pressure water. The expansion or phase change (flashing) from water to steam happens right at the nozzle of our turbine, utilizing the energy from both the steam expansion and phase change. The Bladeless Propulsion Turbine Rather than relying on blades to spin the turbine cylinder like conventional turbines, our Propulsion Turbine is designed to turn the cylinder without blades by utilizing rocket nozzles to direct the steam. This is a very different approach than traditional turbines. Rockets are widely recognized as the most efficient engines. Based on our tests, the newly-designed rocket nozzle is 99 percent efficient, and its net thermal efficiency is above 75% when traveling at 50% of the velocity of the steam exiting the nozzle. Efficiency continues to increase as the velocity of the rocket nozzle exceeds 50% of the velocity of the exiting steam. Performance of traditional turbines relies upon the environment within its blade chambers. If steam condenses on the blades, a sharp drop in efficiency and damage to the turbine can be the result. Traditional multi-stage turbines require dry, high-quality steam requiring very expensive equipment to maintain and monitor the quality of the steam. Our new turbine is structurally unaffected by low-temperature and lowquality quality steam. This is very advantageous for a solar thermal plant where temperatures follow the rise and fall of the sun. our turbine is also smaller and less expensive than traditional turbines. No Cooling Tower- Because of the unique nature of the propulsion turbine, our system can recycle virtually all of the water used in the process of power production instead of being wasted into the atmosphere through expensive cooling towers. Our unique components do not require expensive, high-maintenance cooling towers that are notorious for water consumption. Our system recaptures and recycles all of the water used in a closed-loop cycle. Cooling towers are critical to traditional turbines to help maintain a consistent environment. These towers cool the steam coming out of the turbine creating a vacuum and must maintain a temperature between 65 and 75 degrees F, otherwise the traditional turbine potentially faces both a sharp drop in efficiency and damage to the blades. Based on the amount of water wasted at cooling towers, a family consumes as much water using electricity, as they do in everyday water usage. Because our unique turbine has no blades to corrode, the expended steam and water can be condensed using a simple air-cooled recovery system instead of cooling towers. The water is cooled to approximately degrees Fahrenheit and re-pressurized by a high-pressure pump then re-circulated through the heat exchanger to repeat the cycle. No water is wasted. Peridot Solar Overview Page 3 of 6 - -

4 Electric Generator- Our turbine turns an induction generator to produce power that is thereupon connected to the grid through a simple, inexpensive cut-off switch. A traditional turbine drives a synchronized generator with a very sophisticated and expensive, instantaneous shut-off monitoring system. If the electrical field of the generator collapses before the grid can be disconnected or shut off, the grid will turn the turbine backwards against the force of the steam, potentially causing the blades to dangerously explode out the chamber. our turbine has no blades and does not face these same dangers. Furthermore, the instantaneous shut-off mechanism is consequently a simpler design and much less expensive. Our turbine can be sized to virtually any generator, big or small and can start and stop instantaneously without any cavitations. This allows us to construct solar plants in small 75 kw segments. At night the turbines can either be shut down or driven by liquid fuels, natural gas or biomass. Because of this modular approach if one component goes down it doesn t shut down the whole plant. In contrast, a traditional turbine/gen set would be a financial, operational and maintenance nightmare to construct in multiple small sizes. Comparisons to Photovoltaic (PV) PV is the most expensive solar technology available. PV has advantages for very small, remote power needs; however, even with thin-film or nano PV technology it still will not match the low cost or advantages of our system for utility-scale applications. Hidden Costs of PV Flat-Plate Installation- In addition to installed costs, PV has hidden costs. For example, advertised PV installed costs do not include dual-axis tracking systems. Therefore, a flat-plate mounted PV system measured during peak sun to be 1 kw of capacity actually produces 30% less power per day than 1 kw of our dual - axis solar technology. Inverters- PV technologies produce DC power and therefore, require an inverter to covert DC to AC power. Inverters, regardless of how small or large cost about $500 per kw. While the inverter is usually included in the advertised, installed price of a PV system, it has a limited life span after which it must be replaced. The life-span for an inverter is roughly about 20 years. Our solar can produce either AC or DC power, therefore, our system doesn t require an inverter which eliminates one of the front-end and back-end costs that come with PV systems. Panel Replacement- In addition to inverters, PV panels also begin to degrade after years and eventually need to be replaced as well. This means that after 30 years, when the equipment should finally be paid off and realizing the full benefits of free energy, the buyer will likely end up paying the entire cost of the solar plant all over again to replace it. Our dual - axis solar tracking structure is made of steel and will likely hold up for more than 100 years. Also, our solar panels are made of a material that has been known to last more than 60 years. However, if needed, the cost of panel replacement for an entire solar plant is approximately only 15%- 20% of the original cost. The cost to replace the PV system after years is virtually 100% of the original cost, which is literally repurchasing the entire plant all over again. Maintenance Logistics- PV is more suited for on-site residential installations than for utility -scale power plants. In fact, the US DOE determined that solar Peridot Solar Overview Page 4 of 6

5 thermal technology (not PV) is the most reliable solar power for utility-scale power plants. Our solar discs ready to be raised. It takes 5 to 6 acres of land for enough towers to produce 1 mw of peak power. For example, a 100 MW utility-scale solar power plant will power about 50,000 homes from a single location. Installation, adjustments, maintenance, part replacement, etc. can be done in one place. On the other hand, 50,000 homes with PV systems are like randomly scattering 50,000 miniature power plants all over the map. Travel time becomes a significant cost and each installation site is unique. Energy Storage- PV systems can only store energy using batteries. Batteries are extremely expensive and have a very short life of about 5 to 10 years, and are made of environmentally harmful material. Since our system runs exclusively on heat, it can operate both as a hybrid power plant using other heat sources in addition to the sun such as biomass, natural gas, etc., or, it can store heat in a heat sink for continued operation after the sun has set. Unlike batteries, heat sinks are inexpensive and a properly designed heat sink will last virtually a lifetime. Unlike our technology, PV systems do not utilize the sun s heat. Since much of the sun s energy is heat, this energy is wasted with PV systems. The heat byproduct from our system after producing electricity can be utilized for important uses such as manufacturing and refining processes, desalination, heat storage, etc. When this heat is put to use, our solar energy efficiency is improved again to more than 3-4 times the efficiency of PV systems. Manufacturing- Currently, we can produce approximately 350 mw of lenses per year. It would cost a solar PV manufacturing company $600 million to duplicate our current annual production capacity. our production capacity can be increased by an additional 350 mw every three months for less than $500,000. For a cost of less than $5 million, we could be at an annual manufacturing capacity of 10,000 mw within 12 months to meet demand if needed. This annual production capacity would cost a PV manufacturing company a prohibitive $15 billion to accomplish. To put our production capabilities into perspective, one current world-leading PV manufacturing company has an annual production capacity of 120 mw. Environmentally Friendly- Our solar technology is also 100% recyclable. Today s PV systems using silicon and batteries are not easily recycled. Comparison to Solar Thermal Mirrors Solar thermal mirror technology (also called Concentrated (CSP)) has been around for decades (e.g. solar dishes, troughs, heliostats). Our technology is also a CSP system, and therefore, it operates under similar thermodynamic principles. However, we do not use expensive mirrors. Our lenses refract the sun s rays instead of reflect. The error ratio of reflecting the solar rays from a mirror to its target is four times greater than refracting the rays as with our system Peridot Solar Overview Page 5 of 6

6 does. Therefore, the tolerances for mirror-based CSP systems are extremely meticulous and four times more difficult than our units to keep focused and correctly dialed in. Also, since our receiver is behind the lenses instead of in front like mirror-based CSPs, it is easier to manufacture and install, and casts no shadow. We have a smaller insulated receiver yet it still maintains a greater surface area ratio between focal point size and target than mirrorbased CSPs. This minimizes the possibility of the sun s rays missing the receiver. Attempting to increase the ratio between the focal point size and surface area on a mirror-based CSP system in order to minimize losses and increase efficiency would require a larger receiver and a larger receiver would cast a larger shadow. The lowest cost, mirror - based CSP systems use a traditional steam cycle to turn a conventional, bladed steam turbine and generator. As mentioned above, Our type of steam cycle does not require large expansion tanks to superheat the steam; it does not require water-cooled cooling towers to condense the steam; and it does not require the expensive monitoring devices for environmental balancing resulting in significantly lower operational costs. After decades of development, current mirror-based CSPs have streamlined down to what appears a bare minimum cost without many more areas to cut prices. Each additional advancement to today s mirror-based CSPs from here on out will likely have a minimal impact on lowering the price. CSP Production Capacity- Production capacity is a very limiting factor with CSP technology. Most CSP technology companies have an even lower annual production capacity than PV manufacturing companies. Global Energy Market According to the International Energy Agency, nearly $20 Trillion will need to be invested into the global energy market in order to keep up with growing energy needs throughout the world. Approximately 56% of this $20 Trillion (which is more than $11 Trillion) will need to be invested in electricity alone. Currently, less than 1% of the world s energy comes from solar, yet the sun s energy is more abundant than all other energy sources combined and it s free. Our solar power technology is expected to push solar to the forefront of new energy production. Note: Statements contained in this document that are not strictly historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of Such statements are made based upon information available to the company at the time, and the company assumes no obligation to update or revise such forwardlooking statements. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, demand for the company's product both domestically and abroad, the company's ability to continue to develop its market, general economic conditions, and other factors that may be more fully described in the company's literature and periodic filings with the Securities and Exchange Commission. Peridot Solar Overview Page 6 of 6