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8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
1/26
InventQjayaInventQjaya
First YearReport Card
First YearReport Card
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
2/26
InventQjayaInventQjaya
The InventQbation Process Works!The InventQbation Process Works!
This is a result of the InventQbation business model,years of experience and the advice and counsel ofour Board Members as well as the greatinternational team that he has assembled.
What follows is a brief list of accomplishments.
What needs to be noted is that we have exceeded bya huge margin, what we committed to according to
the Loan Agreement.
Thanks to the visionary founder Tun Dr. Mahathirand present leadership of Malaysia, TechnologySovereignty will be achieved.
This is a result of the InventQbation business model,years of experience and the advice and counsel ofour Board Members as well as the greatinternational team that he has assembled.
What follows is a brief list of accomplishments.
What needs to be noted is that we have exceeded bya huge margin, what we committed to according to
the Loan Agreement.
Thanks to the visionary founder Tun Dr. Mahathirand present leadership of Malaysia, TechnologySovereignty will be achieved.
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
3/26
InventQjayaInventQjaya
Worldwide RecognitionWorldwide Recognition
The founding and support of InventQjaya bythe leadership of Malaysia and theInventQbation business model has been
admired by the leaders of many countriesincluding India, China, Vietnam, UAE, etc.
We have been invited to clone the
InventQjaya Laboratory in their countries toalso achieve Technology Sovereignty.
The founding and support of InventQjaya bythe leadership of Malaysia and theInventQbation business model has been
admired by the leaders of many countriesincluding India, China, Vietnam, UAE, etc.
We have been invited to clone the
InventQjaya Laboratory in their countries toalso achieve Technology Sovereignty.
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
4/26
InventQjayaInventQjaya
Commercialization PipelineCommercialization Pipeline
AquaRaya
eVjaya
IQMag
PowerWade
OxyEauTech
RevAmp
IQHarvest
uxVu
0 20 40 60 80 100
C S
AquaRaya
eVjaya
IQMag
PowerWade
OxyEauTech
RevAmp
IQHarvest
uxVu
= Backlog or Commitment
= Revenue Generated
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Revenue GenerationRevenue Generation
LuxVu
Will be shipping fuel cells to South Africa
Installing Ni-Zn batteries in five buses
Installing IQ Harvest in Terrenganu and inBangalore.
Installing AquaRaya (water desalination) inTerengganu and Mexico
LuxVu
Will be shipping fuel cells to South Africa
Installing Ni-Zn batteries in five buses
Installing IQ Harvest in Terrenganu and inBangalore.
Installing AquaRaya (water desalination) inTerengganu and Mexico
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Commercialization TableCommercialization TableRevenues
(RM)Backlog
(RM)Tenders
(RM)Key PotentialOpportunities
LuxVu 150,000 - 950,000 Andersen Glass Business
Chennai & Bombay, India
IQHarvest - 300,000 -
IEP, Perhentian
Malaysian Army Reva (Bangalore, India)
eVjaya - - 1,200,000 Bus Project, MOF
AquaRaya - 200,000 - Terengganu
Mexico
RevAmp - - - Dubai Palm Project
Bombay Municipal Corp.
IQMag - - 200,000 South Africa
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Human ResourcesHuman ResourcesStellar job of hiring excellent quality people: About 144 employees This is a net Brain Gain This is a Reverse Brain Drain 21 have Ph.D.s 26 have Masters-level Scientific degrees 46 have Bachelor-level degrees (mostly Science and
Technology) 20 have Engineering Diplomas
5 returning Malaysians from abroad 16 are foreigners who decided to make InventQjaya
and Malaysia their home, including Italian,Venezuelan, Argentinean, Indian, German, Chinese,Taiwanese, Singaporean, Indonesian, and American.
Stellar job of hiring excellent quality people: About 144 employees This is a net Brain Gain This is a Reverse Brain Drain 21 have Ph.D.s 26 have Masters-level Scientific degrees 46 have Bachelor-level degrees (mostly Science and
Technology) 20 have Engineering Diplomas
5 returning Malaysians from abroad 16 are foreigners who decided to make InventQjaya
and Malaysia their home, including Italian,Venezuelan, Argentinean, Indian, German, Chinese,Taiwanese, Singaporean, Indonesian, and American.
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Human Resources (2)Human Resources (2) It is safe to say we have managed to recruit a highly
educated workforce.
These peoples skills and background closely fit our
needs.
Some have started to run laboratories; some havestarted to run technology companies.
Some have built manufacturing plants, and allwithout fail have brought to InventQjaya theirenthusiasm, sense of purpose, and extremediligence.
It is safe to say we have managed to recruit a highlyeducated workforce.
These peoples skills and background closely fit our
needs.
Some have started to run laboratories; some havestarted to run technology companies.
Some have built manufacturing plants, and allwithout fail have brought to InventQjaya theirenthusiasm, sense of purpose, and extremediligence.
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Retaining the Best PeopleRetaining the Best People We have terminated individuals for either ethical
reasons, or for engaging in illegal activities, or forunacceptably low performance and for no otherreason.
Turnover at InventQjaya in the past year stands at
around 11%. As start ups go, this is low, especiallygiven the explosive rate of growth - from 0 to 144 inonly one years time.
As a reference point general industry turnover ratesare around 15% to 20%, and as high as 30% in thetechnology arena. These rates are often much higher instart ups.
What makes our low turnover even more impressiveis the fact that the terminated people were primarilyreceptionist level and temporary/contract workers.
We have terminated individuals for either ethicalreasons, or for engaging in illegal activities, or forunacceptably low performance and for no otherreason.
Turnover at InventQjaya in the past year stands at
around 11%. As start ups go, this is low, especiallygiven the explosive rate of growth - from 0 to 144 inonly one years time.
As a reference point general industry turnover ratesare around 15% to 20%, and as high as 30% in thetechnology arena. These rates are often much higher instart ups.
What makes our low turnover even more impressiveis the fact that the terminated people were primarilyreceptionist level and temporary/contract workers.
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Retaining the Best People (2)Retaining the Best People (2)
Among IQJ employees today less, than 11%(~15/144) are foreigners, the rest are Malaysians.
We have abided by our pledge to staff InventQjayawith the most talented and able scientists, engineersand managers, and to motivate Malaysians to returnhome, even though an MSC status company isexempt from hiring quotas.
We will continue to be uncompromising in ourpolicy to hire the most talented, diligent workers wecan find, as we believe this is necessary to meetInventQjayas promised goals.
Among IQJ employees today less, than 11%(~15/144) are foreigners, the rest are Malaysians.
We have abided by our pledge to staff InventQjayawith the most talented and able scientists, engineersand managers, and to motivate Malaysians to returnhome, even though an MSC status company isexempt from hiring quotas.
We will continue to be uncompromising in ourpolicy to hire the most talented, diligent workers wecan find, as we believe this is necessary to meetInventQjayas promised goals.
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
IP to Achieve Technologyovereignty
IP to Achieve Technologyovereignty
Inventions (exceeded commitment):
Transferred 604 patents
Transferred know-how
Created 53 Made in Malaysia inventions atInventQjaya
Inventions (exceeded commitment):
Transferred 604 patents
Transferred know-how
Created 53 Made in Malaysia inventions atInventQjaya
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Made-in-Malaysia inventions and innovations developed atInventQjaya in just one year of operations!
Made-in-Malaysia inventions and innovations developed atInventQjaya in just one year of operations!
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
eVjaya fleet of scooters beingtested by our employees
Tun Dr Mahathir flagging off therecord-breaking MeVictory car
An eVjaya car (above) andscooter (below)
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
OFF tate ON tate
LuxVu panels on display at our office
The two switchable states of LuxVu
LuxVu demonstration at a symposium
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
The Worlds first Electric Amphibian!The Worlds first Electric Amphibian!
The RevAmp prototype being
tested in Putrajaya on land
The RevAmp prototype beingtested in water on the Putrajaya
lake!
An artistic rendition of theRevAmp Gen-1
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
An IQHarvest installation in progress by our engineering and research team
The IQHarvest installed at ourfacility in Cyberjaya, Malaysia
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
World-class InfrastructureWorld-class Infrastructure
World Class Laboratory Infrastructure (installed)
Designed, built, and installed state-of-the-art S&Tequipment
Rendered laboratories functional
Scientists are actively inventing and doing research
Building has deficiencies because of contactorinexperience and cost over-runs
World Class Laboratory Infrastructure (installed)
Designed, built, and installed state-of-the-art S&Tequipment
Rendered laboratories functional
Scientists are actively inventing and doing research
Building has deficiencies because of contactorinexperience and cost over-runs
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjayaInventQjayaInventQjaya
InventQjaya, a
World-classVision 2020Laboratory
InventQjaya, a
World-classVision 2020Laboratory
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Laboratories and EquipmentLaboratories and Equipment
A work environment that attracts luminaries from around theworld with diverse ethnic backgrounds and a mission to makebreakthrough advances in the following laboratories:
Advanced Materials
Advanced Transportation
Nanotechnology
Photonics
Electrochemistry tereoscopic Imaging
General ervices
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Commitments vs. Deliverables (1)Commitments vs. Deliverables (1)Loan Agreement Requirement Met Exceeded Remarks
(i) Full disclosure: the Borrower has fully disclosed in
writing to the Lender all facts relating to the Borrowerwhich the Borrower knows or should reasonably know
and which are material for disclosure to the Lender;
InventQjaya has fully disclosed and in writing, all factsrelating to the company which we are aware of or shouldreasonably know and which are material for disclosure
to the Government of Malaysia.
(j) Transfer of technology: the Borrower shall cause
Reveo to transfer the Eight (8) Technologies to theBorrower upon receipt of the transfer fees as specified
in Clause 4(2) of this Agreement
We caused Reveo to transfer the Eight (8) Technologiesto us upon receipt of the transfer fees as specified inClause 4(2) of the loan Agreement
(k) New Companies: the Borrower shall ensure that at
least Three (3) companies will be spun off using theEight (8) Technologies within the first Three (3) years
from the date of this Agreement
We ensured that five (5) companies were spun off using
the Eight (8) Technologies in the twelve months post thedate of the Agreement. Plus one (1) new based on all
new technology. We have thus significantly exceededour goals
(l) Fifty (50) patents: the Borrower shall have at least
Fifty (50) patents issued or registered or
To-date we have 40+ inventions in various stages of
progress. We are on track to meet and far exceed thisgoal
accepted for registration but pending issuance or
registration for technologies or otherwise invented inMalaysia within the first Four(4) years from the date
of this Agreement
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Commitments vs. Deliverables (2)Commitments vs. Deliverables (2)Loan Agreement Requirement Met Exceeded Remarks
(m) Ten (10) scientific publications: the Borrower shall
have at least Ten (10) scientific publications publishedby the Borrower within Four(4) years from the date of
this Agreement in internationally recognised journalsor publications
We are on track to meet and exceed this goal
(n)Subsidiaries: the Borrower shall commercialise at
least One (1) subsidiary within Twelve (12) monthsafter completion of the Fast Track on the 31st of May
2003
Generated revenues. We ensured that five (5)
subsidiaries were inventQbated using the Eight (8)Technologies in the twelve months post the date of the
Agreement. We have thus significantly exceeded our
goals
(o) Equity: the Borrower agrees to grant to the Lender
at absolutely no cost Five percent (5%) equityownership of the Ten (10) subsidiaries of the
Borrower as determined by the Lender out of the firstTwenty (20) subsidiaries We are fully prepared to execute on this goalincorporated by the Borrower to commercialise the
Eight (8) Technologies within One Hundred andTwenty (120) days of its incorporation
(p) Business Plan: the Borrower shall submit a Five(5) year and yearly Business Plan to the Lender andthe Borrower's Board of Directors for their respective
approvals before the end of the Borrower's financialyear
Done.
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Commitments vs. Deliverables (3)Commitments vs. Deliverables (3)
Loan Agreement Requirement Met Exceeded Remarks
(q) Paid Up capital: the Borrower shall increase its
paid up capital to USD Five Million(USD5,000,000-00) only in accordance with
Clause 5.1(n) hereinabove.
Done.
Clause 5.1(n) states:
The Borrower shall increase or have increasedits paid-up capital to USD Five Million
(USD5,000,000-00) only in the followingmanner:
1. Ringgit Malaysia One Million (RM1,000,000-00)only to be paid up on or before the execution ofthis Agreement;
Done.
2. Ringgit Malaysia Thirteen and a half Million
(RM13,500,000-00) only to be paid.
Proposed technology transfer in l ieu of cash. In
discussion.
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Faris LeadershipFaris Leadership
Under Dr. Faris's leadership, experience andproven track record, the promises that weremade to Malaysia are being fulfilled.
He has attracted luminary Board of Directorswith impressive accomplishments includingNobel prizes, membership to NationalAcademy of Sciences, and establishment of
billion dollar companies.
Under Dr. Faris's leadership, experience andproven track record, the promises that weremade to Malaysia are being fulfilled.
He has attracted luminary Board of Directorswith impressive accomplishments includingNobel prizes, membership to NationalAcademy of Sciences, and establishment of
billion dollar companies.
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Credentials - Dr adeg Faris (1)Credentials - Dr adeg Faris (1) Has more that 500 patents issued and pending which places him in
the top five of the list of all-time worldwide patent holders. Theleader, Thomas Edison, has about 1100 patents. The entire country ofIndia has less than 500 US patents:
Has more that 500 patents issued and pending which places him inthe top five of the list of all-time worldwide patent holders. Theleader, Thomas Edison, has about 1100 patents. The entire country ofIndia has less than 500 US patents:
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Faris Credentials (2)Faris Credentials (2) Dr Faris science, technology and innovation credentials
are recognized worldwide. The visionary Tun Dr Mahathir recognized that his
unique InventQbation Business Model can lead toTechnology Merdeka for Malaysia, consistent with the
6th Challenge of Vision 2020. Tun Dr Mahathirs judgment led him to commit to the
founding of InventQjaya as a partnership betweenReveo and the Malaysian government to pursue themission of making Malaysia the key contributor to
science, technology and innovation for Malaysia and forthe world. One of Reveos commitments has been to transfer the
rights of more than 600 patents issued and pending toInventQjaya. This has been accomplished.
Dr Faris science, technology and innovation credentialsare recognized worldwide.
The visionary Tun Dr Mahathir recognized that hisunique InventQbation Business Model can lead toTechnology Merdeka for Malaysia, consistent with the
6th Challenge of Vision 2020. Tun Dr Mahathirs judgment led him to commit to the
founding of InventQjaya as a partnership betweenReveo and the Malaysian government to pursue themission of making Malaysia the key contributor to
science, technology and innovation for Malaysia and forthe world. One of Reveos commitments has been to transfer the
rights of more than 600 patents issued and pending toInventQjaya. This has been accomplished.
8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0
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InventQjayaInventQjaya
Faris Credentials (3)Faris Credentials (3)
In its first year after inauguration, InventQjaya hasaccomplished what maybe referred to as miraculous byany metrics.
Many luminaries in the field of science, technology andinnovation, including several Nobel Laureates, giveample reference about his credibility and authenticity.
By searching Google for Sadeg Faris, one can getadditional glimpses of his credentials and credibility.
In its first year after inauguration, InventQjaya hasaccomplished what maybe referred to as miraculous byany metrics.
Many luminaries in the field of science, technology andinnovation, including several Nobel Laureates, giveample reference about his credibility and authenticity.
By searching Google for Sadeg Faris, one can getadditional glimpses of his credentials and credibility.