Ted Hollinger Hydrogen Engine Center Confidential

Internal Combustion Engines

and Ammonia

(Second Report)

Ted Hollinger Hydrogen Engine Center Confidential

Company Progress

Ted Hollinger Hydrogen Engine Center Confidential

New Facility

Ted Hollinger Hydrogen Engine Center Confidential

Engine Progress

Ted Hollinger Hydrogen Engine Center Confidential

Ammonia Fueled ICEs

Ted Hollinger Hydrogen Engine Center Confidential

HEC Ammonia Fueled ICEs

Ted Hollinger Hydrogen Engine Center Confidential

Ammonia: why do we care?

Ted Hollinger Hydrogen Engine Center Confidential

ICE Gas Emissions

(eliminate the carbon and reduce

the NOx with Ammonia ICEs)

Ted Hollinger Hydrogen Engine Center Confidential

The Other Need (from last year)

How times have changed.

Weekly Gasoline Prices

$0.00

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

Jan-

96

Jul-9

6

Jan-

97

Jul-9

7

Jan-

98

Jul-9

8

Jan-

99

Jul-9

9

Jan-

00

Jul-0

0

Jan-

01

Jul-0

1

Jan-

02

Jul-0

2

Jan-

03

Jul-0

3

Jan-

04

U.S

. Do

llars

Belgium

France

Germany

Italy

Netherlands

U.K.

U.S.

Ted Hollinger Hydrogen Engine Center Confidential

Ammonia as a solution

Ted Hollinger Hydrogen Engine Center Confidential

Other Advantages of

Ammonia ICEs

Ted Hollinger Hydrogen Engine Center Confidential

HEC Product Timing

Ted Hollinger Hydrogen Engine Center Confidential

First Ammonia Engine

Details

Ted Hollinger Hydrogen Engine Center Confidential

Conclusion

Ted Hollinger Hydrogen Engine Center Confidential

Thank you