New York Energy & Environmental Funders

Hosting Sponsor:
Dickstein Shapiro LLP - NEW LOCATION!

Remember when fuel cells were in the headlines every time you turned around? They've been off the front pages for a while, but the hard work of developing a new technology to where it is commercially viable has been moving ahead. One of the prime movers in that effort is TreadStone Technologies, Inc., which has developed and patented a novel and innovative corrosion resistant metal bipolar plate technology ("LiteCellTM"), that improves the durability and operational performance, and reduces the weight, volume and cost, of fuel cell stacks. This is a key stepping stone in the commercialization of fuel cells. For while the current DOE cost target for 2010 is $6/kW for bipolar plates, TreadStone is already in the $4.15-$4.20/kW range.

TreadStone is currently seeking $5M in equity investment to enhance the pace of the company's ongoing commercialization of its technology. TreadStone expected to achieve revenues in 2008 of approximately $560k (final numbers not yet in), increasing to approximately $2.8M in 2009.

TreadStone's corrosion resistant metal plate (LiteCellTM) represents a critical improvement over the heavy composite graphite composite plates now in use. Metal offers better control of heat, is more durable, and provides better electrical conductivity. Through its patented surface treatment process that is applied to readily available metal substrates, the company protects the metal surface from corrosion while it remains electrically conductive. TreadStone has also solved the problem of moisture buildup in fuel cells because metal is hydrophilic, so it spreads water over the surface, where it vaporizes and leaves the system. TreadStone plates have been demonstrated in the portable and stationary fuel cell markets, and are currently being tested by GM, Toyota, Ford/Daimler, Hyundai-KIA and Dana Corporation.

In addition, TreadStone is applying the technology for use in a hydrogen compression technology. Through a strategic relationship with the Canadian National Research Council, Institute of Fuel Cell Innovation (NRC-IFCI), the company plans to commercialize the hydrogen compression technology across world markets through exclusive, worldwide licensing arrangements.

This hydrogen compression technology, HydroOSPTM. meets purity standards and compression ratios required to distribute and deliver hydrogen to fuel cell power systems and refueling stations, i.e. 12,000-13,000 psi. In addition, the HydroOSPTM technology can be deployed for high purity hydrogen applications in electronics manufacturing and specialty chemical manufacturing of pharmaceuticals and other specialty chemical materials.

Gerald DeCuollo, President/CEO, will describe Treadstone's technologies, how far they go in meeting DOE guidelines for fuel cell commercialization, and the state of TreadStone's commercialization efforts.

Sector Expert: Dr. Ying Wu, Senior Analyst, Lux Research, an expert in fuel cell technologies, will discuss Treadstone's products and technologies in the context of recent developments throughout the fuel cell industry.

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Date: Friday, January 9, 2009
Time: 8:00 – 10:00 am
Place: Dickstein Shapiro LLP - NEW LOCATION!
1177 Avenue of the Americas, 47th Floor
(between 45th and 46th Streets on the West side of Sixth Avenue)

Security: Tell the personnel at the security desk in the ground floor lobby that you re attending the Center for Economic and Environmental Partnership, Inc. meeting at Torys LLP. You will need personal ID. They will issue a pass.

Cost: $50 if you pre-register.
Cash or checks (payable to CEEP) accepted. Must register or cancel by 4pm the previous day. No shows will be invoiced.
$60 if you pay at the door.
See below for Annual Registration opportunities and other important conditions.

Agenda:
8:00 to 8:20 – Networking with Members
8:30 to 9:00 – Presentation by Gerald DeCuollo, President/CEO, TreadStone Technologies
9:00 to 9:30 – Company presentation by Sector Expert: Dr. Ying Wu, Senior Analyst, Lux Research
9:30 to 10:00 – Discussion and Networking

Thank you, and we look forward to seeing you at the next NY Funders meeting.

If you have any questions about registration or need more information about the program, please contact Gelvin Stevenson at gelvin@optonline.net.

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BIOGRAPHICAL SKETCHES:

Gerald DeCuollo has over 25 years of experience in the chemical, energy and environmental industries holding various positions, including research, product and technology development and licensing, sales, marketing and executive management.

Mr. DeCuollo is a co-founder of TreadStone Technologies. As President and CEO, Mr, DeCuollo manages the day to day operations of the company, is responsible for administrative and financial operations; business development activities and provides the tactical and strategic direction for the company. Mr. DeCuollo has assembled and manages a key group of outside consultants, who are also investors in the company.

Prior to TreadStone, Mr. DeCuollo was Director, Business Unit Manager for the Sarnoff Corporation, Princeton, NJ, Mr. DeCuollo actively worked to develop new business in the Energy market, working on Fuel Cell component technologies including advancements in Micro-Reactor materials and design, Ceramic-Metal Bipolar plate technology and micro-equipment systems for "Balance of Plant" components. Additional responsibilities include Organic Electronic Materials for flexible display and semiconductor markets.

Prior to Sarnoff, Mr. DeCuollo was Vice President, Business Development, Senior Staff Manager and major shareholder/owner of Hydrocarbon Technologies Inc (HTI), located in Lawrenceville, NJ. HTI developed and sold licensed technologies in the Energy, Chemical and Environmental market. In this capacity, Mr. DeCuollo was responsible for sales, marketing and licensing for its technologies. His experience involves coal, fly ash, crude oil, natural gas and various petrochemical and environmental processes. HTI was profitably sold in 2000.

Mr. DeCuollo is experienced in working with both commercial and government clients. His project leadership experience includes a $1.7 billion Coal Liquefaction plant construction project in China, negotiating a license agreement for a oxidative coupling of natural gas to manufacture clean fuel in a "gas to liquids" process, partnered with a global petrochemical company and working with the DOE and DOD. Mr. DeCuollo develop a partnership alliance with the Chinese Academy of Science to develop an innovative catalyst for fuel processing and negotiated a partnership alliance with the Indian Institute of Petroleum for a single step process to manufacturing acrylic acid. In addition, Mr. DeCuollo has experience working with fly ash processing and tire recycling processes, where the raw products required process enhancement and development (value creation) and end-product sales.

Mr. DeCuollo has a BS degree in Chemistry from Farleigh Dickinson University and a Masters in Business Management from Penn State University.

Ying Wu, Ph.D., MBA, is a Senior Analyst at Lux Research, with 12 years of corporate R&D and entrepreneurial start-up experience in the chemical industry. She leads the Lux Research Alternative Power and Energy Storage Intelligence service, which provides technology monitoring and analysis in a wide variety of technologies ranging from batteries, capacitors and fuel cells, to thermoelectric and other energy harvesting technologies. .

Before joining Lux Research, Ying was Director of Research at Millennium Cell, a leading technology developer in chemical hydrogen storage, where she managed a multi-disciplinary team consisting of scientists, engineers, and technical professionals. During this time, Ying served as Principal Investigator on two DOE funded multi-year, multi-million dollar research projects to develop enabling technologies for fuel cell vehicles. She also managed collaborations with industry partners and national laboratories. Prior to Millennium Cell, Ying was a research scientist and project leader at BP, a global energy company, where she developed expertise in heterogeneous oxidation catalysis and gained in-depth understanding of commercial chemical manufacturing processes. Ying is a published author in many peer reviewed journals, holds a number of patents in catalysis and chemical hydride synthesis, and serves as reviewer for several technical journals.

Ying holds a Ph.D. in Inorganic Chemistry from Princeton University. Her thesis was on photophysics and photochemistry of transition metal compounds and polymers. Ying also holds an MBA in Finance from the Executive MBA program at Rutgers University. She is bilingual in English and Chinese.

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Advisory Board

Mark Austin, Chandler-Reed
John Cusack, Gifford Park Associates
Ira Rubenstein, CEEP, Inc.
Gelvin Stevenson, Ph.D., CEEP, Inc.

NYE&EF Pricing Policy
1. Cost, with pre-registration up to 4pm the day before the meeting: $50.
2. No-shows will be invoiced.
3. Cancellations allowed until 4pm the day before the meeting.
4. Cost, with registration at the door the day of the meeting: $60.
5. All paid registrants will be emailed any information made available electronically for that meeting.
6. An Annual Registration for NYE&EF can be purchased for $400. It will provide admittance to all regularly scheduled meetings held during a 12-month period.
7. Annual registrants will be emailed any information made available electronically for any of the regularly scheduled meetings covered by their annual registration.

Formed in October 2001, New York Energy & Environmental Funders (NYE&EF) is a joint service of Investors Circle, the Energy & Environmental Capital Network (ECN), the Environmental Business Association of New York State, Inc. (EBA/NYS) and Investors Circle. NYE&EF provides networking, information, and other services to investors interested in energy and environmental companies. NYE&EF activities are produced by the Center for Economic and Environmental Partnership, Inc. (CEEP) in furtherance of its educational mission.

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