Exhibit G.1- KPIs Met First Year Report Card v3.0

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  • 8/4/2019 Exhibit G.1- KPIs Met First Year Report Card v3.0

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    InventQjayaInventQjaya

    First YearReport Card

    First YearReport Card

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    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.

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    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.

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    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

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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

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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

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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.

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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.

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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.

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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.

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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

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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!

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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)

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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

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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

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    InventQjayaInventQjaya

    An IQHarvest installation in progress by our engineering and research team

    The IQHarvest installed at ourfacility in Cyberjaya, Malaysia

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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

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    InventQjayaInventQjayaInventQjayaInventQjaya

    InventQjaya, a

    World-classVision 2020Laboratory

    InventQjaya, a

    World-classVision 2020Laboratory

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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

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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

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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.

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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.

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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.

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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:

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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.

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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.