October 26, 2010
Company Background
• Exclusive license from WSU and UI
• Incorporated Fall 2007
• Moved to R&D center in February 2008
• $1.2M seed round raised
• $300k in SBIR grants awarded
• 9 employees
• Collaborations – industry and academia
Silica Nanosprings™
SiO2 Nanospring
A mat of SiO2 Nanosprings
Advantages of Nanosprings
• Low growth temperature (<350°C)
• Atmospheric pressure process
• 3-300 microns thick
• Hydrophilic or Superhydrophobic
• 100% accessible surface area (300 m²/g)
• Easy to functionalize, e.g., silane
chemistry
•Thermally stable to 1025°C
Cu nanoparticles on ZnO coated Nanosprings
Substrate Flexibility
Wide range of substrates compatible with Nanospring process
• Aluminum foil (mpt. 660°C)
• Glass (including Pyrex®; softening temperature 820°C)
• Ceramics (e.g., alumina, quartz, cordierite)
• Fiberglass
• Micron-sized particles
• Stainless steel
• 3-D structures (e.g., micromachined silicon)
• Indium tin oxide (ITO)-coated glass
• Polyimide (Tg = 385°C)
Nanosprings on glass micro bead
Coatings Capabilities
• Cu on Silica Nanosprings
• ZnO on Silica Nanosprings
• TiO2 on Silica Nanosprings
• Cu on ZnO on Nanosprings
•
•
•
•
Au on Silica Nanosprings
Ag on Silica Nanosprings
Pt on Silica Nanosprings
Pd on Silica Nanosprings
Inverse porous material
Diffusion through crosssectional area is necessary for
porous materials.
Inverse porous material
provides a more accessible
surface.
Nanospring™ Platform
Emerging Opportunities
•
•
•
•
Advanced Composites
Hydrogen Storage
Ultracapacitors
Biological Sensors
Focus Areas
• Continuous Flow Reactors
• Catalytic Converters
• Carbon Capture & Recycle
Energy
Storage
Catalysis &
Sensors
Composites
Engineered Coatings
and Nanoparticles
Nanospring Platform
Partners & Customers
•Baker Hughes
•3M
•Saint Gobain
•PTT
•Kimberly Clark
•Sigma Aldrich
•BioTracking
•Catalytic Solutions, Inc
•Space Charge LLC
•University of Idaho
•Washington State University
•Oregon State University
•Western Kentucky University
Distributors
•Strem Chemical – Worldwide
•AR Brown - Asia
Carbon Capture &
Recycle™
CO2 + UV light + photocatalyst = valuable feedstock
Value Proposition
CCR Advantages
•Tunable Byproducts
Formic Acid
Formaldehyde
Methanol
• Utilization of Solar Power
• Reduce storage burden
• Fewer CO2 pipelines
Product
System Parameters
Item
Unit
Qty Data source
Capacity
MW
430
CO2 emissions per
year
metric tons
705k
CCR conversion
efficiency
15% per pass 50.5% GoNano Technologies
Flow Rate
sccm
50
GoNano Technologies
Conversion amount
metric tons
356k
GoNano Technologies
Assumptions: 430 MW natural gas fired power plant with a CCR system
converting 50.5% of the CO2 emitted. Financial projections assume a
system output tuned to produce 42% formaldehyde, 36% formic acid
and 22% methanol.
Modeling Summary
Category
Totals
Capital Expenditures
Operating Expenses
Production
$192,400,000
$177,380,000
$316,137,389
Metric ton of carbon dioxide = $245
Capital Expenses
Capture and
delivery
1
Photocatalytic
panels
52,000 $1,200
Site cost
Post processing
gas phase
system
Totals Cap Ex
Hectares 19
1
$100,000,000 $100,000,000
$62,400,000
$UNK
$UNK
$30,000,000
$30,000,000
$192,400,000
Operating Expenses
CO2 Capture Cost M.T.
Catalyst
replacement
m2
System
maintenance
356k
$30/M.T.
$10,680,227
312,000
$120/m2
$37,440,000
1
$10,000,000
$10,000,000
Methanol
M.T.
41,196
Electricity
MWh
617,923
MWh
Total Op Ex
14,212,799
$170.00
$105,046,976
$177,380,003
Opportunity
Product
Metric Tons
Cost /Metric
Ton
Gross
Revenue
Formaldehyde
342,355
$350
$119,824,311
Formic Acid
163,594
$1,200
$196,313,078
Methanol
0
$345
$0
Total
$316,137,389
Formaldehyde is sold and distributed in concentrations that include 37%
Formaldehyde and 15% Methanol diluted in water. Financial projections are
based on marketable concentrations of Formaldehyde.
Byproduct Markets
Chemical
Production
Price per metric
(million metric
ton
tons)
(U.S. $)
Methanol
Formic Acid
Formaldehyde
Revenues
(U.S. Million
$)
41.0
345
12,078
0.6
1,450
870
32.64
350
11,424
95 CCR installations on 430 MW natural gas fired
power producing facilities to match current market.
Source: Dunia Frontier Consultants, 2008
Competitive Landscape
Company
Technology
Readiness
Level*
GoNano
Technologies
4
Estimated
Parasitic
Load
MWh/m.t.
CO2
2.3
Batch or
Continuous
Flow
Primary
Byproducts
Production
Estimated
Profit/loss
US $ per
m.t. of CO2
CF
Formaldehyde
Formic Acid
Methanol
245
Mitsui Chemicals
7
0.5
B
Methanol
(1,333)**
Penn State Univ.
4
2.3
B
Methanol
unknown
Calera
6
1.37
CF
Carbonate
65-75
Carbon Sense Sol.
5
2.28
CF
Carbonate
55-65
Carbon Sciences
4
Unknown
B
Fuel
unknown
Novacem
5
0.27
CF
Carbonate
35-45
Mantra Energy
5
6.45
CF
Formic Acid
75-85
*Technology Readiness Level as defined by the US DOE
**Pilot plant annualized over 20 year period
Intellectual Property
• Nanospring Process & Nanoparticle Deposition
US 11-993,452 & PCT WO2007/002369A3
• Hydrogen Storage
US 7771512 Published 08/10/2010
• Solar Energy Capture
US12-159,543 & PCT
• Catalysis
International Application PCT/US2008/082884
US National Phase 04/29/09
• Ultracapacitors
International Application PCT/US2009/031728
• Carbon Capture & Recycling™ - 61/254,205
• Nanospring ELISA 61-337,700
• Nanospring Catalytic Converters- filed 3/30/10
*Canada, China, European Union, Israel, India, Japan, Korea,
Singapore
Management Team & Industry Network
Tim Kinkeade, CEO
Dr. David McIlroy, Chief Scientific Advisor
Dr. Grant Norton, Chief Technology Officer
Dr. Giancarlo Corti, Manager R&D
Aziz Makhani, Director Marketing & Sales
BOD: Jack Beebe, Gary Tribble, Tim Kinkeade, Dr. David McIlroy and Dr.
Grant Norton
Advisors & Industry Consultants:
SIRTI- Spokane Intercollegiate Research & Technology Institute
Robert McDowell, Catalytic Converter Consultant
Cade Konen, CPA, Hayden & Ross
Peter Moyer, K&L Gates – General Counsel
Charles Holland, K&L Gates- IP Counsel/Patent Attorney