The Fluid HighwayInvestor Update – February 2015

The world is reliant on pipelines carrying fluids –gas, oil, water and more

“Zero-defectpipe is the future

of the energy revolution”

Alan ArmstrongCEO, Williams

(Delivers 14% of North America’s

natural gas)

Energy sector = 50,000km pipe pa

$300Bn over next 20 years

Australia10,000km

Middle East5,000km

North America50,000km+

Asia50,000km+

Russia20,000km+

The Problem

A considerable marketthat requires a LOT of

pipes to be commissioned BUT…

Construction: Difficult & Expensive

RequiringSkilled Labour

Pipes are mainly air and are costly &

inefficient to transport

Our Solution

A seamless, continuous, composite pipeline,

over any terrain, over any distance …..

“The Fluid Highway™”

To improve fluid distribution globally with a more efficient,

cost effective and reliable alternative for large-volume and long-distance pipelines

Our Mission

1. Inner liner

2. Fibreglassreinforcement

3. Outer casing ready for resin injection + inflation

Fluid Highway™ Composite: 3 layers

Laid flat productionfor efficient

transportation

Unpacked atdestination for

construction

Outer Casing: Environmental Protection

Inflated & Cured

Reinforcements:Pipe Strength

Inner Lining:Protects reinforcements

from fluid

• Continuous, seamless composite pipe • Easy to construct onsite• Light and durable • High strength • Fast production• Cost-effective• Non corrosive • Withstands extreme temperatures• Produce pipes at ~500m per hour

The Fluid Highway has demonstrated superior characteristics to Steel,

HDPE, PVC & Fibreglass pipe

60m continuouscomposite pipe with curves & contours

Demonstrated

180m continuouspipe in-field

Comparison

32:1 ratio in fewer personnel

We match present pricingvs Steel/HDPE pipe

10x quicker than currenttechnologies

A game changer compared to slow, expensive & risky

methods

Driven by Knowhow: Protected by Patent

We are NOT a fiberglass pipe but a new ‘composite’ suitable for…

20 year advantage in 60 countries

From pipe construction

To assembly infield

To how we put it

together

Irrigation pipe

Process water

Salt water

Hydro slurry

Waste water

Potable water

Oil CO2 Frack-gas

Market Opportunities (by Diameter & Pressure)

The Fluid Highway can replace existing technologies at these diameters(20-100 bar)

0

100

200

300

400

500

600

700

800

900

1000

Steel HDPE Spoolable Fibreglass

Out

side

Dia

met

er (m

m)

16 Bar

6-8 Bar

Business model

We sell pipe not machines$200 per metre revenue

The scale means we could be one of Australia’s most valuable companies

6 years of R&D + commercialisation to get to here

Now…Launched at the APIA trade show

Demand from many industry participants

“We believe the concept of a continuous pipe made onsite has the potential to replace existing pipeline technologies in Australia & globally”

Near term goals

First process water project in Australia = 300kms

Setup internationalproduction companies

Total project pipeline for Australia = 2,500km

Progress water, oil &gas certifications

Expertise in inventing &commercialising advanced materials

Investment Highlights

Experienced team with track record of commercializing technologies and going public

High Margin and highly profitable business model

Strategic multinational suppliers with BASF, Scott Bader and Saartex

“Driven by knowhow protected by patent” creates market advantage & barriers to entry

World class IP with protection in 60 countries over several parts of the process

$15BNpa per year for “energy pipe” sector alone

Significant demand evident across Australia, US, Europe, Middle East and Asia

Participate in the future of Fluid Highways