Resolute Marine Limited Clean Water From Ocean Waves

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Wave2O™ in Cape Verde May 2015

Resolute Marine Limited Clean Water From Ocean Waves

Contacts: Olivier Ceberio, COO oceberio@resolutemarine.com IMERC Innovation Hub, Ringaskiddy, Co. Cork, Ireland

Winner West African Forum for Clean Energy Financing Competition (WAFCEF) 2013 Engineer of the Year “Sustainable development”, Usine Nouvelle 2012 Global Hot 100 Award, World Summit on Innovation and Entrepreneurship 2012 Winner, MassChallenge 2011 Runner up, Global Ideas Competitions 2011 Winner, Startup Open (Global Entrepreneurship Week) 2010 World Top 100 Marine Technology Company 2009 & 2010

Resolute Marine Limited Clean Water From Ocean Waves © 2015 Resolute Marine Limited - Confidential and Proprietary

Ocean waves can help solve the global water crisis

•  Worldwide, over 1.1B people lack access to adequate supplies of clean water (i.e. meet UN-mandated minimum requirements)

•  Over 2.5 million people die every year as a direct result

•  Seawater desalination is an IDEAL solution (70% of earth’s surface is oceans) but is an extremely energy intensive process

•  Utility-scale water production requires large, long-term investments in infrastructure that are unaffordable to customers in our target markets

•  The alternative solution, diesel driven desalination, is expensive and environmentally unsound

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Fortunately, 40% of the most severely affected people in the world live in coastal areas with

access to unlimited ““free”” energy from ocean waves

Resolute Marine Limited Clean Water From Ocean Waves © 2015 Resolute Marine Limited - Confidential and Proprietary

Our solution: the world’’s first wave-powered desalination system (Wave2OTM) that requires NO ELECTRICITY to operate

Resolute Marine Limited Clean Water From Ocean Waves © 2015 Resolute Marine Limited - Confidential and Proprietary

At commercial stage a 15-WEC plant could produce 4,000 m3/day of fresh water

Low cost water €1.0/m3 before

profit and financing

Impactful Provides water for

48,000 people

Financial return Equity IRR >25% in

launch market

Quick recovery 6-year payback for financing partners

Low capital cost €20M total cost - 60% EU content

Resolute Marine Limited Clean Water From Ocean Waves © 2015 Resolute Marine Limited - Confidential and Proprietary

In Cape Verde, the 1st Wave2OTM system can be immediately competitive and is 3x less costly than the primary alternative, diesel-driven desalination systems

Project finance indicators

(no incentives)

CAPEX €20M

Payback 6 year

“We have evaluated RME’s integrated desalination solution. Because the system runs on free energy from ocean waves, it is a perfect fit for our immediate needs. We are eager to help develop a pilot and conduct, with our local partners, the feasibility studies necessary for it. We would definitely place an order if the pilot proves successful. The need is critical and RME’s economics and localized approach are very compelling.”

Alexandre Fontes, CEO, ELECTRA (Cape Verde power and water utility)

IRR > 25%

Minimum DSCR > 2

30% Equity 70% Debt

Resolute Marine Limited Clean Water From Ocean Waves © 2015 Resolute Marine Limited - Confidential and Proprietary

Our W2O consortium

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Resolute Marine (Wave2O™

Commercialization)

CSIR (R&D, Feasibility)

Satakunta University of Applied Sciences

(Water quality)

Tallinn University of Technology

(WDS modeling)

Univ. Cork (Coordination)

Univ. Cape Verde (Social Impact)

INMG (Feasibility studies)

Electra (Water utility)

uMhlathuze DM (Water utility)

IRESEN (Ind. assessment)

HWU - ICIT (Social Impact)

Aquatera (Flora and Fauna Impact)

Parker Hannifin (R&D)

EMEC (Certification)

WSP (Civil engineering)

Fiberspar (Production pipeline)

ABB (R&D)

South Africa (DWA, DST, DEA)

WIS (Production desalination)

Cape Verde (MTIE, MAHOT)

Eire Composite (Production WEC)

SmartBay (Support Testing)

Univ. Michigan (R&D)

MIT (R&D)

CIEMAT (RE desalination)

Resolute Marine Limited Clean Water From Ocean Waves © 2015 Resolute Marine Limited - Confidential and Proprietary

The Wave2OTM pilot would have a production capacity of 500 m3/day

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Resolute Marine Limited Clean Water From Ocean Waves © 2015 Resolute Marine Limited - Confidential and Proprietary

The site selected could enable significant scaling up of the Wave2O pilot into a commercial size plant (above 20,000 m3/day)

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Resolute Marine Limited Clean Water From Ocean Waves © 2015 Resolute Marine Limited - Confidential and Proprietary

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“Whiskey’s for drinking Water’s for fighting over”

Attributed to Mark Twain

THANK YOU!