The world leader in Magnetic Refrigeration Systems

“Cooling has never been so clean”

Strasbourg - France

0

5 000

10 000

15 000

20 000

25 000

30 000

A

B

C

F

G

Ubiblue

CO2 Systems

Energy assessmentcompared consumptions (kW.h/m)

D

E

Ubiblue Remote: 63 000 kW.h per year

CO2 Rack : 177 000 kW.h per year

Global warming is accelerating, and credible solutions are struggling to emerge.

Ubiblue aims to preserve the environment by combining technologicalinnovation, energy performance, societal commitment and universality ofsolutions.

We want to leave for future generations the foundations of a functional, cleanand sustainable society.

The first clean and innovative chillers based on

magnetocaloric effect for cooling and wasted heat purposes.

Our chillers require no refrigerant gas and consume up to

50 % less energy compared to gas compressors systems.

Revolutionize refrigeration to fight global warming

Energy Grade

Our solution

Environmental challenge

Economic Challenge

▪ Increasing restrictive regulations on refrigerant gases (F-gas, EPA…)

▪ Impact of refrigeration on Climate Change(roughly 10% of GHG emissions)

▪ Refrigeration: 17% of the world’s electric consumption

▪ Limited efficiency provided by gas compressors

▪ A gas-free solution▪ Eliminating the HFCs emissions▪ Reducing our carbon footprint through

energy savings (high COP).

▪ High energy efficiency up to 50% energy savings

▪ Global cost reduction Maintenance reduced, extended lifetime

Technical Challenge

▪ High pressure and unsafe current systems▪ Maintenance costs▪ Noise and vibrations of current systems

▪ Safer system, low pressure and low rotational speed

▪ Light maintenance▪ Less noise and vibrations

Challenges and solutions

N SN S

Cycles (Hz)Heating Cooling

Demagnetized

Magnetocaloric

Material cooling down

Magnetization ≈ refrigerant gas compression Demagnatization ≈ refrigerant gas decompression

▪ The technology is based on quantic phenomenon on spins, known as Magneto Caloric Effect (MCE) : entropy reduction

Magnetized

Magnetocaloric

Material heating upCycling of

magnetization and demagnetization generates a heat

pump effect, producing cold and

rejecting heat

Magnetic refrigeration : physical principle

Recognitions :

▪ RAC Cooling Industry Awards Winner (2017)“The judges were unanimous in their decision that magnetic refrigerationhas the potential to be a game-changing technology. (…) It is nowprogressing into a viable alternative to vapor compression systems.”

▪ SolarImpulse Foundation▪ SEMIA Incubator▪ Partnership with ANR (French National Research Agency)

• Field test at end user Headquarter Partnership with

“Our intention is now to test several magnetic refrigerated display cabinets in stores. In addition to theenvironmental performance with no gas emission, magnetic cooling will bring significant energy savingsto our stores”

TRL 7 (8)

Jean Michel Fleury, Project Director - International support at Carrefour.

• First magnetocaloric medical fridge with Kirsch

World Premiere of revolutionary medical refrigerator usingmagnetic refrigeration

Calibration check and measurements by a certified laboratory (CEMAFROID accredited by COFRAC)

TRL 7 (8)

A credible alternative

Coolingmethod

CAPEX Performance CO2 ImpactRegulatory Constraints

Safety

HFC

Cascade

Booster CO2

Chiller NH3

Scalable MRS

A

A

A A A

A

A

AAAA

B

B

B

B B B

BC C

C

C

C E

E EA

B

C

E

D

B

D

Competitive advantages between compressors and Ubiblue

Our offer :

Sales of Chillers from2 to 100 kW

Rental of chillersP ≥ 100kW

Custom made prototypes Maintenance contracts

Production licences contracts

Co-development contracts Numerical modelizationmodels

Development, design, and manufacture (catalogue and custom-made) of scalable magnetic refrigeration systems (MRS) from 2 to 100 kW.Conception of systems for converting wasted heat into energy.

✓ 51 International Patent families✓ 40 I.P coverage in more than 40 countries✓ 303 Patents issued & 120 patents applications✓ 48 “Enveloppes Soleau” (i-depot)✓ 7 World renowned experts on magnetic

cooling working with Ubiblue

Bringing a clear Value Proposition to the End Market

Adressable Market

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Refrigation(Ref.)

Air conditioning(A/C)

Transport

Markets 2 to 100 kWRefrigeration & climatisation

59,5

9,4

9,0

3,0

68,5

12,4

0

20

40

60

80

Monde Europe

Climatisation Réfrigeration

40

65

105

0

40

80

120

160

CT (Lanc't+5ans)

Total Segments(in GigaWatt sold)

Ubiblue(in MegaWatt sold)

#MRS soldkW

sold

Market Share

(world)

Market Share

(Europe)

Ref. 1 000 40 000 0,44% 1,33%

A/C 1 700 64 667 0,11% 0,69%

Total 2 700 104 667 0,15% 0,84%

Ubiblue in five years

A/C RefrigerationUbiblue + 5 years

Global cooling market Segments adressable by Ubiblue(2 to 100 kW MRS)

Wasted HeatUbiblue will develop and produce machines converting dead heat into electrical energy using the magnetocaloric effect.

Source : ADEME 2017Potential applications for Ubiblue

Energy in TWh4,4 TWh of energy are lost for waste incineration plants

3,6 TWh of energy are lost for waste incineration plants

8,8 TWhof Wasted Heat in France

1

2

3

4

A sustainable solution needs to be found to provide the world

with long-term and green refrigeration

Magnetic Cooling: a groundbreaking technology answering market needs

(environmental & legal aspect, energy efficiency, and safety)

A wide range of potential applications (including refrigeration, air conditioning,

automotive, wasted heat, etc.) representing a global market of over $25bn

Magnetic Refrigeration could reach $315,7 Million by 2022** According to MarketsandMarkets study report of August 2015

Magnetic Cooling has the power to change the world

Highlights