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AERIS ENVIRONMENTAL LTD — AGM Information 2007
Nov 22, 2007
64312_rns_2007-11-22_d846b948-8167-49cd-8a6a-fdee764706ac.pdf
AGM Information
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Aeris Technologies Limited (AEI) Annual General Meeting 22 November 2007
Maurie Stang Non-Executive Chairman
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Global environmental drivers
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Protect the Improve Stricter
Reduce Protect the
quality of our system international
energy quality of the
limited water efficiency & food safety
consumption air we breath
resources productivity standards
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Name change
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Milestones
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Signed pan-Asia distribution agreement with Trane
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Established direct presence in USA: Acquired environmental company (renamed Aeris Atlantic)
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Signed global energy-saving supply agreement with leading pharmaceutical corporation
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Signed 2-year distribution agreement with Sumitomo 3M in Japan
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Expansion of relationship with Trane to Philippines, Hong Kong and Singapore
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12-month service contract with BHP Billiton coal mine
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Cold storage contracts with key customers
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Commercial drivers
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Cleantech market is recognised as the high growth sector of the future
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Key account wins in the USA based on energy saving
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Roll-out of energy saving supply agreement with Fortune 500 pharmaceutical corporation
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Pan-Asia formal distribution agreement with Trane Inc.
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Expected launch and growth of RO Membrane water application with international partner in second half FY08
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Anticipated cold storage business opportunity in USA second half FY08
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Huw Jones Chief Executive Officer
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Financial summary
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| Summary of Income and Expenses | 2007 | 2006 | |
|---|---|---|---|
| Sales revenues | $1,253,315 | $780,201 | |
| Other revenues | $507,032 | $775,345 | |
| Total revenues | $1,760,347 | $1,555,546 | |
| Cost of Sales | $735,094 | $327,596 | |
| All Other Expenses | $5,201,838 | $4,833,704 | Aeris has an |
| Net loss before income tax | $4,176,585 | $3,605,754 | active program |
| Balance Sheet Current assets - cash at bank Non-current assets |
30-Jun-07 $3,085,720 $2,633,477 $216,099 |
30-Jun-06 $6,959,933 $6,014,561 $178,525 |
to secure additional expansion capital |
| Current liabilities | $685,215 | $529,349 | |
| Non-current liabilities | $55,604 | $0 | |
| Total Equity | $2,561,000 | $6,609,109 |
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Aeris Technologies Before AerisGuard Treatment After AerisGuard Treatment Biofilm Biological contamination
Refrigeration system at large chicken processing facility
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Aeris Technologies
Target environmental markets
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Air-duct supplying room in 5 hotel in Asia
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Air-Conditioning Systems
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Long term environmental protection of airconditioning systems
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Target environmental markets
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Large fresh produce processor
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Food cold storage
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Long term environmental protection of refrigeration systems
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Target environmental markets
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Water treatment
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Biofilm remediation in large water systems
Biofilm in cooling tower
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Water treatment
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Water Treatment
► BHP Billiton
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► PALL Corporation ► New Mexico Institute of Mining and Technology
► Osmoflo
Reverse Osmosis (RO) Membranes desalination plants drinking water purification water and waste water treatment food industry oil and gas recovery
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Food cold storage
Before
The AerisGuard Value
After
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Food Cold Storage
International market
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Australia
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Customers include Inghams. Steggles, General Mills, Golden State Foods
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Trials with Coles, Woolworths, Dominos, YUM
New Zealand
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Proposed agreement with leading refrigeration and air-con services provider
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Long term contracts with 550+ outlets (Burger King, Exxon Mobil, BP)
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Food Cold Storage
International roll-out
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USA
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Market entry anticipated late FY08
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Discussions with potential partners, including Thermo King
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World leading manufacturer of mobile refrigeration systems
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Over 100,000 trucks under maintenance contracts
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Each truck worth approx. $200 per annum to Aeris
Europe: Market entry anticipated early FY09 Japan: Market entry anticipated late FY09
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Air-conditioning systems
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Air-Conditioning Systems
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Trane (World leading global air-con corporation)
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Pan-Asian distribution contract signed November 2007
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Trane appointed internal dedicated AerisGuard Product Manager for Asia
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Agreement includes large and high growth Chinese market
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Trane and Aeris working together to “Make Buildings Work Better for Life”
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Air-Conditioning Systems
Aeris USA
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Aeris Atlantic LLC
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Trials and discussions with clients with total opportunity value of over US$10M p.a.
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3 year US$575,000 proposed contract with Harrah’s Resort anticipated to commence Jan-08
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Approved vendor of Bristol Myers Squibb
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Global energy success
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Fortune 500 global pharmaceutical corporation
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Trials predict AerisGuard will save 10% energy or US$24M[*] per annum
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Global supply agreement signed June 2007
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Pre-implementation assessments completed at 5 sites in USA � work anticipated to commence at first site December 2007
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Largest global facility in Pennsylvania o Opportunity value US$3.6M
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Pre-implementation assessment commences Jan-08
41 facilities worldwide Global initiative to reduce energy consumption by 25%
Air-con represents 65% of total energy
(*) Revised from previous estimate based on recent pre-implementation assessments at 5 sites
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New websites
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Summary and Outlook
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Summary
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AerisGuard technology is validated, patented and efficacious
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Continue to win key reference sites
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Global environmental services market high-profile, growing rapidly and increasingly likely to be regulated
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Three key business targeting global mega-trends: Energy reduction: Food safety: Water conservation and quality
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Value created over last 24 months and validated by recent successes in securing key end-user agreements with global corporations in all businesses.
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Questions
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