Malama Composites, LLC

Making products GREEN to the core

Corporate Overview

• An Innovative Green Technology Company supplying high quality foam composites - clean green rigid polyurethane foam from renewable hydrocarbon (plant) sources.

• Located in San Diego

• In Hawaiian, MALAMA means “To Care for and Protect.”

Malama Composites, LLC

Polyurethane foam is produced through a reaction of a isocyonate (the “A-Side”) with a polyalcohol (polyol) (the “B-Side”), a catalyst and other additives.

Traditionally produced using toxic organic compounds and petrochemical inputs as the A-Side and a polyol derived from fossil fuels as the B-Side.

A-Side: Isocyonate, a toxic volatile organic compound, presents some health risks to humans. Repeated exposure in the course of polyurethane foam production has been known to cause respiratory ailments.

B-Side: Polyol is a compound derived from diminishing fossil fuel resources. Without question, traditional polyurethane foam is extremely harmful to the environment – its production releases volatile organic compounds into the atmosphere, its production requires the use of chemicals derived from finite fossil fuels and the final product is not degradable.

The Market Problem

Malama Composites, LLC

Malama has developed a formula and a method of production for agri-based rigid polyurethane foam that uses methylene diphenyl diisocyanate (“MDI”) as the A-Side and a B-Side polyol derived from renewable, non-fossil fuel sources. – A-Side: Of the commonly available isocyanates, MDI is the least toxic

and has low human toxicity and presents low ecological risk. – B-Side: Malama only uses polyols derived from plant oil sources, such

as castor, soy, and jatropha. (40-60% of total mix)

Malama is dedicated to new product development using polyols derived from sources such as castor, jatropha, and algae that do not compete with resources for food production.

Compared to traditional polyurethane foam, the clean polyurethane foam produced by Malama has similar or better performance characteristics and is degradable.

Malama’s foam is a higher performing, higher quality, and more environmentally friendly than traditional polyurethane foam.

The Malama Solution

Malama Composites, LLC

• Constant R&D to diversify plant-based product innovation

– Expanding renewable hydrocarbons sources through a wide variety of agricultural crops.

– Developing an expanding variety of sandwich panels and composites.

– Resins and fabrics

Technology and IP

Malama Composites, LLC

Unique plant-based rigid polyurethane foam

No known clean rigid polyurethane foam competitors.

More environmentally responsible than traditional polyurethane foam.

Tested and proven for 2 years in surfboard industry

Product Overview

Malama Composites, LLC

Rigid Foam Market

Total rigid foam market is >$40 billion for these industries:

1. Building and construction Sheet Foam, SIPs, Insulation and Decking

2. Recreation Marine, Surfboards and Recreational Vehicles

3. Aerospace Unmanned Aircraft and Parts

4. TransportationTruck trailers, road mats, and air cargo containers

5. Wind EnergyTurbine blades

Malama Composites, LLC

1. Building and ConstructionSIPs, insulation and decking

Structurally Insulated Panels (SIP) are prefabricated insulated structural elements for use in building walls, ceilings, floors, and roofs.

Superior and uniform insulation compared to more traditional construction methods (stud or "stick frame"), offering significant energy savings.

When installed properly, SIPs also provide a more airtight structure, which makes it more comfortable and quieter.

Malama Composites, LLC

Malama Composites, LLC

1. Building and ConstructionSIPs, insulation and decking

2. RecreationMarine, Surf and RV

Developed New Proprietary Process for Surfboard Industry: Malama has a new manufacturing process for mass producing a molded surfboard using sustainable materials for big box retailers.

In 2008, “big box” stores purchased 4,000 mass-produced imported surfboards.

Hobbyists contribute to a large online market for Malama’s agri-based foam blocks

Malama Composites, LLC

2. RecreationMarine, Surf and RV

Malama Composites foam can also be used in bulkheads and structural components for boats and recreational vehicles.

Malama Composites, LLC

The US Department of Defense requests target drones with a smaller environmental impact.

Malama’s prototype drones are made with agri-based foam, sustainable fabrics, and bio-based resin.

3. AerospaceUnmanned Aircraft and Parts

Malama Composites, LLC

Product innovation with a local, leading

composite material engineering firm:

•Patented composite sandwich process with

vast product applications:-Truck trailer uniform wall panels, Shipping container

wall panels, Heavy truck road mats

4. Transportationtruck trailers, road mats, and air cargo containers

Malama Composites, LLC

5. Wind Energy Turbine Blades

Wind Turbine Manufacturer: - Malama is supplying manufacturer of wind turbines with polyurethane foam for the production of their turbine blades as well as bun foam for use in plug making applications.

Product Innovation:Same technology for massproduction of surfboards will also be used to mass produce community size wind turbine blades.

Malama Composites, LLC