Company Overview July 13, 2010

Prepared for Calstart

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We are the sum of some powerful parts

Battery cells

Battery packs & systems expertise

Science, Materials, & Manufacturing expertise +

Power to move the world =

+

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We are The Dow Chemical Company…

• Well-known for our superior commitment to quality & safety

• Have extensive experience running world-class manufacturing operations at scale

• 30+ years of transportation sector heritage bringing innovative products to market in materials and parts

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We are Townsend-Kokam

• A leading battery manufacturer with a decade’s worth of experience in Lithium Ion technology

– Have been using NMC cathodes for over 10 years

• Have experience producing and selling large-format cells across a wide range of industries (including defense, industrial, etc.)

• Over a decade of experience manufacturing “Kokam” batteries that possess exceptional energy capabilities

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We are Dassault SVE

• Founded in 2002, SVE has spent many years developing its pack and battery management system

• SVE developed unique integration experience, providing Dow Kokam with the capability and tools to engineer packs into a vehicle

• SVE has extensive road-testing experience from 40+ electric vehicles that have driven >1M kilometers to date

• Aviation heritage with attention to quality and reliability

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We are technologically advanced with regards to cells

• Our NMC cell chemistry allows us to provide:

– Excellent energy density (143mAh/g)

– Excellent power-to-energy ratio, particularly for high-energy applications

– High cycle life (2,000 cycles at 80% discharge)

• Our Z-fold design enables:

– Lower impedance and heat generation

– Improved lifetime

– Faster charge and discharge

Wound Li-Ion

Dow Kokam

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Due to their mechanical architecture, our packs offer:

- superior thermal control, - inherent moisture protection, - redundant safety features Our packs are AUTOSAR compliant

We have vehicle integration skills with faster development times and high quality results

Our battery packs are inherently built with added safety and reliability

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We offer total vehicle solutions when it comes to our management systems

• Our thermal management system (e.g., cooling, electronics and software) improves an EV’s performance:

– Range: Can drive from Canada to Mexico

– Lifetime: Can be extended vs. passive cooling

– Robustness: Protects against failure and overheating

• Our Digital Vehicle Management System (DVMS) has a modular software architecture to adapt to specific customer needs.

– Battery Management System (BMS)

– DC/DC & Charger management

– Thermal management

– Vehicle interface, diagnostics, others…

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We are a leading vertically integrated battery supplier

• Broad knowledge of the full system enables Dow Kokam to produce better cells, packs & systems

• Integrated design of cells, packs, etc. allows for improved effectiveness and efficiency throughout the value chain

Transportation

Utility, Defense

Aerospace, Marine

Industrial, Security

Mining Materials Components Cells Packs Application

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We provide solutions for a wide range of applications…

DOW KOKAM RESTRICTED – Cannot be copied or distributed without permission

Defense Aerospace

Industrial

Security

Transportation Marine

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Extensive exposure within the Transportation Sector

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Electric, Series and Parallel Hybrid

Architectures:

Electric Battery stored energy

drives vehicle zero tailpipe emission

PHOTO CAPTION: Electro Autos Eficaces Chief of Production, Hermann

Fuchs shows Señor Jamie Arceo, Mexico City's Chief of Energy, the

ELECTROTAXI ® prototype during EVS 23 in December 2007.

Equipped with Kokam lithium polymer batteries, the Nissan Sentra

has a range of 135 miles. Also present was Mexico City's Secretary

of Roads and Transports, Armando Quintero.

Mexico City's

ElectroTAXI Revolución

City Bus and LEEP Project

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We are building a global footprint…

France:

15,000 packs per year

Korea:

150 MWh

per year

Michigan:

1,200 MWh per year

(2012)

R&D/Manufacturing …coupled with local support

Sales

Missouri:

33 MWh per year

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We have a multi-generational technology plan

• Our current technology is proven & competitive

• Dow Kokam is hard at work on our 2nd Generation platform, which should:

– Reduce system-level costs on lifetime basis

– Improve discharge rate by 50%

– Improve charge rate 150%

– Extend cycle life by 400%

– Improve safety

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Sustainability is core to our business

• Dow Kokam is conducting a life-cycle analysis to appropriately measure the environmental impact of our products from “cradle to grave.” This will allow us to better:

– Manage end-of-life issues, including recyclability

– Manage carbon footprint impact

– Guide battery pack design choices

• We are working with recyclers to collect and recycle waste during manufacturing and to develop a plan for end-of-life recycling

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Our R&D capabilities are world-class

• Partners in Korea – Materials Development

• Cathode, Anode, Separator

– Cell Design and Testing • Stacking • Packaging • Performance and Abuse testing

• Dow Chemical – Materials Development

• Cathode, Anode, Electrolyte, Binder etc

– Fundamentals • Analytical, Material & Polymer Science

– Process Scale Up

• Société de Véhicules Electriques (SVE) – Software Development – Module/Pack Design – Thermal Management – Modeling

Expanding Lee Summit ─ $5MM+ prototyping/piloting facility

• Clean/dry room • Flexible Coating Line • Performance/Abuse testing • Materials Characterization

─ Building world class team ─ Leveraging National Lab

Relationships ─ Establishing IP & Quality expertise

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In summary, we are here to stay…

• We are committed to becoming a leading supplier of Li technology, products and systems

• We have strong financial support from The Dow Chemical Company

• We are currently building state-of-the-art R&D and manufacturing facilities that will produce 600MWh worth of batteries in Midland, MI by 2012

• We are committed to being a leading supplier within the Transportation Sector on a global basis

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