Propellus Inc (PRPS)

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We believe that deployment of our new technology to increase the panel efficiency will reduce solar panel cost per watt as well as the total
system cost. As an example, in the current U.S. market, the cost of thin-film solar panel (a-Si) is approximately $1.1/w~$1.4/w. The efficiency of
the module is around 7%. For instance, a-Si thin film solar module TW-SF 95W produced by the Tianwei Soalrfilm is rated 95 watts output
power. We assume the manufacturing cost for this module is $1/w. With the commercialization and implementation of new solar technologies,
such as our patent-pending technology, the efficiency of this module can be increased from 7% to 10%, which in turn will increase the module
output power from 95W to 135W with the same module size. So the solar panel cost per watt will be reduced to $0.70/w compared to $1.0/w
before. The customer could save $3,000 for a 10,000 watt solar power system based on reduced solar panel cost only. Plus, with higher
efficiency solar panels, the racking and electrical accessory cost of the system will be also reduced because fewer panels will be used for the
same system size. The total system cost could be reduced over 30%. We expect that implementation of our new technology will reduce the
overall cost of the solar power system to a level that is less than or at least comparable with fossil fuel energy sources in the near future.