Title: OTC BB: WEMU
1Worldwide Energy Manufacturing USA, Inc.
- OTC BB WEMU
- RedChip Conference
- March 23, 2010
2Safe Harbor Statement
- In making an investment decision, investors must
rely on their own examination of the person or
entity creating the securities and the terms of
the offering, including the merits and risks
involved. The securities offered hereby have not
been recommended by any federal or state
securities commission or regulatory authority.
Furthermore, the foregoing authorities have not
confirmed the accuracy or determined the adequacy
of this document. Any representation to the
contrary is a criminal offense. The securities
offered hereby are subject to restrictions on
transferability and resale and may not be
transferred or resold except as permitted under
the Securities Act of 1933, as amended, and the
applicable state securities laws, pursuant to
registration or exemption therefore. Investors
should be aware that they will be required to
bear the financial risks of this investment for
an indefinite period of time.
OTC WEMU
3Company Overview
- Profitable Chinese based manufacturer of solar
and electrical equipment - Founded in 1993
- Owns and operates three factories in China
- 10,000 sq. ft. warehouse in San Francisco
- 450 employees worldwide
- Serves the solar energy, aerospace,
telecommunications, automotive, and electronics
industries - Contract Manufacturing Division has 7 Fortune 500
Clients - Based in San Francisco, CA and Shanghai, China
OTC WEMU
4Financial Overview
- For the 9 Months Ended in September
- 2009 Sales of 39.2M EBITDA of 2.4M
- 2008 Sales of 31.3M EBITDA of 1.3M
- Double digit growth despite worst global economic
recession since 1929 - 226 in Deloittes 2009 Technology Fast 500
Ranking 5-year revenue growth of 585 (CAGR of
61.8 from 2004-2008) - YoY revenue growth of 25
- YoY EBITDA growth of 85
- Operate in expanding markets Solar division
- Solar industry estimated 30 billion in revenues
for 2009 - AmeriSolar Substantial order flow and backlog
- Started in 2008, already 78 of WEMU revenues
- Manufacturing division
- Current Purchasing Managers Index indicates
expanding manufacturing spending - Large and expanding customer base including
Fortune 500 clientele - Experienced management team
OTC WEMU
5Operations Overview
Worldwide Energy and Manufacturing USA, Inc
Manufacturing Division
Research and Development
Solar Division
Intech Electro-Mechanical (China Operation)
Ningbo Solar Factory 60MW
Nantong Solar Factory 100MW
Shanghai Intech Electronics Factory (Detron)
Shanghai Intech Precision Machinery Co. (Die Cast
factory)
OTC WEMU
6Solar Industry Overview
- Global electric power industry revenues reach 1
trillion per year - In 2008, global solar market totaled 29.6
billion in revenues - 80.6 billion in revenues by 2018 with average
annual growth of 27.2 - Global photovoltaic installations increased by
5,948 MW in 2008, up from 2,826 MW installed in
2007, a 110 increase - High fuel cost and environmental issues force
shift to clean energy - Solar continues to be one of the fastest growing
sectors within the clean tech industry - Demand has grown approximately 30 per annum over
the past 15 years - Hydrocarbon energy demand typically grows between
0-2 per annum
OTC WEMU
7AmeriSolar Division
- Provides solar modules to residential,
commercial, industrial, and public utility
customers for clean, reliable and affordable
solar energy - Substantial order flow -23 MW solar contracts
during the past 12 months - Industry dynamics have extended trading cycle
A/R (currently 60 days) and A/P (pay when paid)
terms shifting to meet economic demands - Solar modules
- Quality designations including IEC612215, TUV,
CE, and UL certifications - Mono and poly crystalline modules feature two-bus
bar cell design - Configuration maximizes cells light absorbing
surface area - Tested utilizing calibrated solar simulator
(ensures power, voltage and current ratings) to
ensure consistent performance - Glass surface tested to solar industry standards
- Weather-resistant frame constructed of aluminum
alloy - Double oxidation coating
- Growth strategy
- Strengthen RD portfolio -- Increase patents in
silicon wafer product lines, introduce thin film
technology offering. - Secure long-term silicon wafer contract supplier
in 2010
OTC WEMU
8AmeriSolar Competitive Advantages
- Better quality control technology
- Local quality assurance team ensures consistent
high quality product - RD focused on silicon and thin film technology
- Improve the energy photovoltaic (EPV) technology
for thin-film - Filed patents for silicon photovoltaic module
technologies - Experienced RD team led by world renowned
scientists and universities - Shanghai Jiao Tung University
- Beijing Solar Energy Research Institute
- Sales team with industry experience and ability
to secure large contracts
OTC WEMU
9Manufacturing Sales Distribution
- WEMUs two primary manufacturing capacities
- Foundry
- Die casting components
- Plastic injection components
- Investment casting components
- Sand casting components
- Forged components
- Machining and Stamping
- Machining
- Stamping
- Extrusion
OTC WEMU
10Contract Manufacturing
- In addition to foundry, machining and stamping,
WEMU also distributes other products through its
sales network - Electronics
- PC board fabrication
- PC board assembly
- Wire harness cable assembly
- Coil winding assembly
- Fiber Optic Components
- DWDM
- Attenuator
- Coupler
- Switches
OTC WEMU
11Contract Manufacturing Customer Base
- Manufacturing
- Our 100 existing U.S. customers buy 60 billion
in products that the Company has the capability
to produce or source to China - Fortune 500 Customers GE, GM Shanghai, Tyco,
Danaher, Flextronics, Smith Industries and Andrew - Our two acquired factories in China have
customers where the consumption power of durable
consumer items increased 26 annually for the
past three years (statistics from Commerce
Ministry of China)
OTC WEMU
12Financial Highlights
80
60
46
11.7
8.7
11.4
Solar Solar Division
CM Contract Manufacturing
OTC WEMU
13Financial Highlights
4,000
2,500
1,740
969
581
575
OTC WEMU
14Financial Highlights
Balance Sheet
Income Statement
OTC WEMU
15Management Team
- Jimmy Wang, Chief Executive Officer
- Mr. Wang has over twelve years experience in a
wide range of component manufacturing. From 1996
to the present, Mr. Wang has been President, CEO
and director of Worldwide Energy and
Manufacturing USA, Inc. (California). He became
President, CEO and Chairman of the Colorado
holding company of the same name on September 30,
2003. From 1990 to 1995, Mr. Wang was the Sales
Manager for MP World Manufacturing, Inc. From
September 1993 to May 1996 Mr. Wang and Mindy
Wang operated a sole proprietorship under the
name Worldwide Manufacturing USA. In 1996, Mr.
Wang incorporated Worldwide Energy and
Manufacturing USA, Inc. In 1990, Mr. Wang earned
a Masters Degree in Applied Economics from the
University of Minnesota, and in 1982 received a
Bachelors of Science Degree in Economics from the
Shanghai Institute of Foreign Trade. - Jeff Watson, President
- Mr. Watson has over 25 years of manufacturing
experience supporting a variety of industries and
markets. He started his career as an engineer in
the power transmission industry with Fasco
Gearmotors, a vertically integrated design and
manufacturing company producing gear-motors,
linear actuators and the supporting electronic
controls. He held several engineering and
managerial positions until leading the
organization as General Manager from 1999 to
2001. In 2001, Mr. Watson joined Joslyn Sunbank
and led the company as President until 2008.
Joslyn Sunbank, a division of the Danaher
Corporation, is as leader in the design and
manufacture of high-reliability electrical
components and sub-systems serving Aerospace and
Defense markets globally. Mr. Watson has grown
the businesses that he has led through
operational excellence and the successful
application of Lean Manufacturing principles. He
earned a Bachelor of Science Degree in Mechanical
Engineering from the University of Missouri. - Mindy Wang, Secretary and Treasurer
- Ms. Wang has over twelve years of accounting and
financial management experience with Technology
Power and Worldwide Manufacturing. From 1996 to
the present, Ms. Wang has been Secretary and
Treasurer of Worldwide Energy and Manufacturing
USA, Inc. In September 1996, Ms. Wang founded,
with her husband, of Worldwide Energy and
Manufacturing USA, Inc. She became Secretary and
Treasurer of the Colorado holding company of the
same name on September 30, 2003. From 1991 to
1993 she was an accountant with Technology Power.
The business of Technology Power was assembling
personal computers for retail and business
customers. From September 1993 to May 1996 Mr.
Wang and Mindy Wang operated a sole
proprietorship under the name Worldwide
Manufacturing USA. Ms. Wang earned the equivalent
of a Bachelors Degree in International Business
from the University of California at the Los
Angeles Institute of Economics and Management in
Beijing and attended the Master's program of the
Business Education of the University of
Minnesota. Ms. Wang is the wife of Jimmy Wang.
OTC WEMU
16Management Team
- Philip Zhang, Vice President Operation
- Mr. Zhang concurrently functions as the VP of
Operations for Worldwide U.S. headquarter, and
the General Manager for all China operations
since April of 2001. He is responsible for
directing the companys manufacturing and
supplier chain management in China. Mr. Zhang has
many years of experience in engineering
modification, quality and delivery control and
production line management. From 1998-2001, he
was founder/owner and employee of his trading
company in San Francisco. He worked as an
Engineer and the Supervisor in US Postal
Service-Main facility in San Francisco,
California from Mar 1989 to Feb.1998. He was a
Software Engineer in Computer and Cash Register
Co. in San Francisco, California from Jun, 1988
to Feb, 1989. From Oct. 1982 to Mar. 1986, Mr.
Zhang was the Assistant General Manager and
Director at 12th Weaving Factory in Shanghai,
China. He was responsible for manufacturing
operations, quality assurance, RD development,
capital expenditures and staffing responsibility.
He attended the China Textile University in
Shanghai and graduated with a Bachelors in
Mechanical Engineering in 1982. He completed a
Masters Degree in Computer Science at the San
Francisco State University in 1988. - George Wang, Vice President and CEO of Solar
Division - Mr. Wang has more than 10 years of manufacturing
experiences in electronics and solar industries,
and he joined in Worldwide Energy and
Manufacturing USA, Inc in June, 2008. He started
his career as an English teacher in a senior
middle school in 1994, and four years later he
worked as General Manager Assistant in Shanghai
Benda Electronics. In 2006, he joined in Solarfun
Power Holdings, one of the major players in the
Chinese solar energy industry. He held the
positions as Special Assistant to Chairman of the
Board and Director of Sales and Strategic
Accounts. He played a very active and important
role in the process of Solarfuns IPO on NASDAQ
and in the brand promotion of Solarfuns solar
modules all over the world. Mr. Wang earned a
Bachelor of English Education from Nanjing Normal
University and a Master Degree of Law from Law
School of Jilin University. In 2004, he finished
his post-graduate program Comparative Legal
Research between Chinese law and American law
from Johns-Hopkins University in the United
States.
OTC WEMU
17Contact Us
Corporate Headquarters
Worldwide Energy and Manufacturing USA, Inc. (OTC
BB WEMU) Jimmy Wang, CEO E-mail
jimmyw_at_wwmusa.com Jeff Watson, President E-mail
jeffw_at_wwmusa.com 408 N. Canal St., Units
AB Phone 650-794-9888 South San Francisco,
CA 94080 Website www.wwmusa.com
OTC WEMU