<p dir="ltr">PLEASE NOTE OUR NEW VENUE<br></p>
<p dir="ltr">AirGreen LLC: Air-Conditioning with Less Energy, Higher Air Quality and More Comfort</p>
<p dir="ltr">Ever anticipate entering a refreshing air-conditioned building on a hot, hazy and humid NYC afternoon in July? And then to get inside and find that you feel cold, clammy and uncomfortable?</p>
<p dir="ltr">AirGreen’s (<a href="http://www.airgreenllc.com/">www.airgreenllc.com</a>) new air-conditioning system can fix that and save energy—lots of energy. The company has developed a revolutionary air-conditioning system utilizing a 98% efficient liquid desiccant design to control humidity independent of temperature, saving 50 - 60% of the energy required for air-conditioning in Commercial and Industrial buildings. The breakthrough technology controls temperature and humidity of both outside and recirculated air and cleans the ventilation air, all while producing more comfortable and healthy conditions - and all that without over-cooling. In winter, ventilation air is fully conditioned and 80% of energy and moisture recovered from the exhaust air stream. It can be run either with heat pumps or renewable energy sources, an industry first. Residential products will also be developed.</p>
<p dir="ltr"><b> </b></p>
<p dir="ltr">Date: Friday, May 13, 2016</p>
<p dir="ltr">Time: 8:00am – 10:00am</p>
<p dir="ltr">Organizer: Gelvin Stevenson, PhD</p>
<p dir="ltr"> Host: Troutman Sanders</p>
<p dir="ltr">Location: 875 Third Avenue & 53rd Street</p>
<p dir="ltr"> </p>
<p dir="ltr">A further problem that Air Green solves is that conventional systems can only handle 25% of moisture energy and the ratio of moisture to heat in well-insulated buildings with efficient lighting has increased to 50 or 60% with building code improvements. Conventional systems remove moisture at very low efficiency.</p>
<p dir="ltr"> </p>
<p dir="ltr"><b>Intellectual Property.</b> The company has filed two provisional patents: one for AirGreen’s main process with 17 claims and one for a packaged rooftop design. It also plans to file more patents, protecting its considerable knowhow.</p>
<p dir="ltr"> </p>
<p dir="ltr"><b>Markets.</b> Markets are plentiful. They include: Commercial buildings such as hospitals, schools, retail and supermarkets all have specific and rigorous requirements for indoor environmental quality and are ideal customers for a liquid desiccant system like AirGreen’s. Prospective customers that have been interviewed include Liberty Property Trust, Jefferson University, ARUP, the global consulting engineers, and Ecosave, a multi-national Energy Services Company (ESCO). They have all expressed interest in purchasing units.</p>
<p dir="ltr"> </p>
<p dir="ltr">The total addressable market for AirGreen products in commercial and industrial buildings is $13 Billion and increasing at 9% a year. Overseas addressable markets are estimated to be an additional $30 Billion out of a total of $110 Billion HVAC equipment worldwide. The planned residential product will open up another large market, probably through licensing to a large manufacturer.</p>
<p dir="ltr"> </p>
<p dir="ltr"> </p>
<p dir="ltr">Register at <a href="http://www.eventbrite.com/o/greentech-investors-forum-4795149719">Greentech Investors Forum's Eventbride Page</a></p>
<p dir="ltr">Or contact Gelvin at <a href="mailto:gelvin.stevenson@gmail.com">gelvin.stevenson@gmail.com</a>.</p>
<p dir="ltr"> </p>
<p dir="ltr"><b>Competition.</b> There is competition, but the company has a long list of competitive advantages. Test results of AirGreen’s professionally engineered prototype designs have distanced AirGreen from other suppliers of liquid desiccant equipment by doubling the efficiencies and capabilities of the nearest competitor while reducing capital costs. Conventional systems including desiccant wheels cannot remove the amount of humidity required economically and AirGreen products are cost-competitive while having superior performance on energy consumption and Indoor Air Quality.</p>
<p dir="ltr"><b>Funds Raised: AirGreen is c</b>urrently self-funded for $200,000 and looking for funding to move the company towards field trials, early sales and initial production. $600,000 is the minimum and $2 Million is the desired raise for 2016. The higher figure would accelerate product launch and sales growth by one year. An Angel group is interested in syndicating if $250,000 is pledged.</p>
<p dir="ltr"> </p>
<p dir="ltr">GIF thanks Investors Circle for its generous support, Geoff Miles and Chino Maduagwu for developing and operating GIF’s video, social media and design capabilities, Tonia Popke for her financial expertise, and Jesse Goldstein, PhD, for his continued assistance. </p>
<p dir="ltr"><b> </b></p>
<p dir="ltr"><b>Business Models: Sales and Licensing.</b> AirGreen intends to establish its own sales force for national accounts and regional distributor networks to sell its engineered product, which will be manufactured in Pennsylvania. In parallel, it has established three strategic partnerships with major HVAC manufacturers to license its technology and develop packaged products using AirGreen technology for their mass markets. These partners also provide potential exit paths for single or multiple exits.</p>
<p dir="ltr"><b>Current Activities. </b>The company, founded in 2014, has four in the management team and works with several subcontractors for labour and services. It is raising funds to pay for 12-month field trials with key partners and customers. The company needs to build engineering, support and sales staff, with the expectation of achieving full production capability in 2017. Also, funding for international patent filing will be needed in October 2016.</p>
<p dir="ltr"> </p>
<p dir="ltr">Disclaimer: The Greentech Investors Forum (GIF) is not soliciting funds for the presenting companies, nor is it encouraging parties to invest in them. We try to find good companies—not necessarily good investments. They have been advised on what is acceptable in terms of predicted results, but GIF takes no responsibility for what they actually do, say, or how they perform in the future.</p>
<p dir="ltr"> </p>
<p dir="ltr"> </p>
<p dir="ltr"><b>Agenda:</b> 8:00 to 8:30 - Networking</p>
<p dir="ltr"> 8:30 to 8:40 - Introductions</p>
<p dir="ltr"> 8:40 to 8:45 - Jim Clark, SVP Engineering, AirGreen LLC</p>
<p dir="ltr">8:45 to 9:30 - Andrew Mongar, Founder and CEO, AirGreen, LLC</p>
<p dir="ltr">9:30 to 10:00 - Discussion</p>
<p dir="ltr"> </p>
<p dir="ltr"><b>Security:</b> If there is a problem at the Security Desk, please contact Gelvin Stevenson at<a href="tel:917-599-6089"> 917-599-6089</a>. </p>
<p dir="ltr"><b>Fees:</b> $50, payable ahead of time or at the door. Cash or checks and credit cards accepted.</p>
<p dir="ltr">$25 for call-in. Registered call-ins will be emailed the call-in numbers and, if available, the slides to be presented.</p>
<p dir="ltr"> $20 for students and faculty.</p>
<p dir="ltr"> </p>
<p dir="ltr">To register, visit this Eventbrite site Greentech Investors Forum or send your contact information to Gelvin Stevenson at <a href="mailto:gelvin.stevenson@gmail.com">gelvin.stevenson@gmail.com</a> or<a href="tel:917-599-6089"> 917-599-6089</a>. And contact Gelvin If you have questions or need more information.</p>
<p dir="ltr"> </p>
<p dir="ltr">Bios</p>
<p dir="ltr"> </p>
<p dir="ltr"><b>Andrew Mongar </b></p>
<p dir="ltr"><a href="mailto:andrew@mongar.net">andrew@mongar.net</a></p>
<p dir="ltr"> <br></p>
<p dir="ltr"> <b>EDUCATION</b>: - PhD student (ABD)/adjunct at Temple University, Fox School of Business and Management, Global and Strategic Management Program – 2000-2004.</p>
<p dir="ltr"> - MSc, Imperial College, London University, UK. Operational Research and Management Studies. Diploma of Imperial College.</p>
<p dir="ltr"> - BSc (Gen. Hons.), Bristol University, UK. Major: Mathematics; Minor: Numerical Analysis and Computation.</p>
<p dir="ltr"><b> </b><b>Memberships</b></p>
<p dir="ltr">The Royal Institution of Great Britain</p>
<p dir="ltr">ASHRAE, Program Chair TC 8.12 Desiccant Cooling (2003-2005)</p>
<p dir="ltr">Institution of Gas Engineers – Qualified Professional Associate</p>
<p dir="ltr"><b>Work History</b></p>
<p dir="ltr"><b>AirGreen LLC</b>, Founder and President/CEO June 2014 to present</p>
<p dir="ltr"><b>American Genius Corp</b>., President 2004 – 2013</p>
<p dir="ltr"><b>Temple University</b>, Adjunct 2000 - 2004</p>
<p dir="ltr"><b>Exergy Innovation Corp</b>., Principal 1992 – 2000</p>
<p dir="ltr"><b>British Gas</b> plc, Manager, Technology Policy 1990 – 1992</p>
<p dir="ltr"> Manager Long Term R&D Policy 1980 – 1987</p>
<p dir="ltr"><b>The European Commission</b>, Senior Administrator May 1989 – May 1990</p>
<p dir="ltr"><b>The Cabinet Office</b>, UK Government, Manager May 1987 – May 1989</p>
<p dir="ltr"> </p>
<p dir="ltr"><b>Selected Achievements and Responsibilities</b></p>
<p dir="ltr">¨ Developed and applied for patent on liquid desiccant cooling and dehumidification technology. Established company to commercialize the products.</p>
<p dir="ltr">¨ Pioneered new heat and mass transfer technology for a US corporation. Wrote the business plans, selected strategic partners and negotiated contract terms. Developed prototype machines, led the team testing them in Europe and introduced technological advances.</p>
<p dir="ltr">¨ Negotiated strategic alliances with companies in Europe, USA, the Middle East and China for a US corporation. Supervised the transfer of technology and contributed to the addition of over $3.6 million in funds raised.</p>
<p dir="ltr">¨ Planned and initiated the novel program of Strategic Assessment in Science and Technology, eliciting political support and negotiating with other Directorates General of the European Commission.</p>
<p dir="ltr">¨ Introduced business methods for the management of large R&D programs to several UK government departments, including Energy Department. Conducted training for government managers and supervised the transfer of the techniques to working level. Successfully implemented all aspects.</p>
<p dir="ltr">¨ Decided on technical and commercial feasibility of various methods of manufacturing a specialty product. Developed components with international suppliers.</p>
<p dir="ltr">¨ Managed successful performance tests of prototype machines at four independent test laboratories.</p>
<p dir="ltr"> </p>
<p dir="ltr"><b> </b></p>
<p dir="ltr"><b>James A. Clark, </b>President, Clark Energy, Inc.</p>
<p dir="ltr"><a href="mailto:clarkenergy@comcast.net">clarkenergy@comcast.net</a></p>
<p dir="ltr"><b>EDUCATION</b></p>
<p dir="ltr">1982 – B.S., Mechanical Engineering, Drexel University, PA</p>
<p dir="ltr"><b>OVERVIEW OF EXPERIENCE AND QUALIFICATIONS</b></p>
<p dir="ltr">Mr. Clark consults for Energy Service companies, assembling energy Performance Contracting projects. Projects included HVAC projects and Building Management System controls projects. He also consults with Smart Grid companies on creating demand reduction strategies and implementing installations. As Director of Engineering for EnergyConnect, he started, built, and managed the engineering department. He did the same for a Cogeneration startup company. At both companies he developed processes, procedures, and strategies that allowed both companies gain large market share. He integrated Absorption Cooling and innovative heat recovery strategies into Cogeneration projects. Early in his career, Mr. Clark worked at a computer room air conditioning company where he developed schematics and sequence of operations for the equipment. Mr. Clark has been on the board of the Philadelphia Chapter of the Association of Energy Engineers and is a Past President. He has made instrumental contributions to this organization that has resulted in multiple national awards including Best Overall Chapter in two of the last three years. Mr. Clark is using his experience with startup energy and HVAC companies to help AirGreen develop its liquid desiccant equipment and build the company. </p>
<p dir="ltr"> </p>
<p dir="ltr"><i><b>Recent Employment Summary</b></i></p>
<p dir="ltr">1991 - Present <i>President</i>, Clark Energy, Inc.</p>
<p dir="ltr">2006 - 2009 <i>Director of Engineering</i>, EnergyConnect, Inc.</p>
<p dir="ltr">2001 - 2002 <i>Senior Engineer</i>, PECO Energy Company</p>
<p dir="ltr"> </p>