EFTA01146430.pdf

cv‘ PureLogicCLEAN ENERGY SYSTEMS Pure Logic Clean Energy Systems, LLC colorado• Virgin Islands' 155 E. Boardwalk DR #404 5304 Yacht Haven Grande #104 Fort Collins, CO 80525 St Thomas, VI 00802 Phone: 970-226-1493 Phone: 340-201-9313 Fax: 866-548-9556 Fax: 866-548-9556 Web:PureLogicCleanEnergy.com Web: PureLogicCleanEnergy.com/usvi Company Profile Total Employees: 12 Primary Line of Business: Solar PV Development Industry Certifications: NABCEP, General Contractor VI License: 1-12801-3B Management Directory: • Brannon Bloom, Director of Sales, Solar Design • Tracy Bloom, Director of Operations • John Bulik, Project Manager, Solar Design • Ben Mosiman, Project Manager • Scott Johnson, Sales Manager History and Mission: Pure Logic Clean Energy Systems LLC is a solar developer and EPC focused primarily on sales, design and installation of photovoltaic systems. Our management team members have an average of 22 years in the construction and solar industries with a strong history of project management in both commercial and residential segments. For most of 2009 the members of Pure Logic were operating as the Colorado partner of Infinergy Wind and Solar of Maryland. In April 2010, Pure Logic was formed as a separation in name and affiliation with Infinergy. Since then Pure Logic has grown in sales and territory, serving the Front Range of Colorado, from Fort Collins to South Denver Metro. Our mission is to provide our clients with the best possible clean energy value through solar expertise and knowledge of available financial incentives, creative financing structures and local environmental solutions. With a strong background in the 1 EFTA01146430  construction industry, the Pure Logic team is ideally suited to provide well-planned, well- managed projects for the emerging solar PV industry. In August 2011 Pure Logic began researching the potential for PV in the US Virgin Islands and had contracted for nine projects, totaling $2.4M by December 31, 2011. In the beginning of 2012 Pure Logic expanded operations to St Thomas to fully serve the Caribbean market. Sales Volume: 2010 Sales: $0.75 million 2011 Sales: $1.2 million 2012 Sales: $3.6 million 2013 Sales Projection: 7.5 million Turnkey Services offered: Administration- Coordination of: • Rebate filings • 1603 applications • Utility interconnections • Permission to Operate sign De • Systems designed for local conditions (Hurricane force winds, etc) • Value engineer every system for optimum performance and ROI Permitting • Coastal Zone Management applications • Earth Change Permits • Building Permits • Electrical Permits System Engineering • Structural by local expert Paul Fererras • Electrical by ESC Engineering Inc installation • NABCEP certified installers • Installations done by trained in-house labor for quality assurance Project Management • Tight quality control • Most efficient cost model Market Opportunity: The high upfront cost of solar energy has traditionally been the main obstacle to mass implementation worldwide. In recent years the operating lease model has proven to be a major catalyst in spurring private equity to capture the significant tax incentives offered for renewable energy projects in the United States and its territories. Since 2007 the solar PV market has exploded as the solar leasing model was introduced. It is estimated that almost 75% of all PV installations during that period were financed by a third party financing mechanism. 2 EFTA01146431 In the USVI rates are as high as ever ($0.42-$0.49/kWh). With the closing of St Croix's Hovensa Oil Refinery, which for the last 5 decades has provided low-cost fuel oil to the Territory for generation of electricity, the retail cost per kWh is expected to increase to $0.60-$0.65 by the first few months of 2013. As the value of solar energy is commensurate with retail energy cost, this is a very valuable market for the solar industry. A list of our most recent clients and project sizes: References Tom Brunt Shournagh McWeeney MSI Building Supplies 53-20 Frydendahl 3814 Crown Bay 8 St Thomas, VI 00802 St Thomas, VI 00802 340-775-6681 340-776-8800 • 6 kW Project in progress • 100 kW Project Completed • 40 kW Project in progress Peggy Hunt 14-6 St Peter Michael Bornn St Thomas, VI 00802 Waterfront Development 340-777-5966 PO Box 1542 • 6.75 kW Project in progress St Thomas, VI 00804 340-626-0047 Mario Austin • 100 kW Project in progress Budget Rent A Car • Multiple totaling 40 kW in progress 3017 Contant St Thomas, VI 00802 Gail Vento 340-776-5774 6501 Red Hook Plaza #201 • 113 kW Project in progress St Thomas, VI 00802 • 25 kW Project in progress 775-303-8395 10 kW Project in progress 3 EFTA01146432