Title: Worldwide Energy
1Worldwide Energy Manufacturing USA, Inc.
- (OTC BB WEMU)
- February, 2009
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.
3Company Overview
- Founded in 1993 as a U.S. based China
manufacturer, serving the solar energy,
aerospace, telecommunications, automotive, and
electronics industries - Contract Manufacturing Division has 7 Fortune 500
Clients - Reverse Merger in June 2004
- Owns and operates three factories in China
- New Solar Division, AMERISOLAR, formed in
February 2008, has already announced 82million
in new contracts for solar modules - Management estimates about 45 million in sales
and 1.5 million in net income in 2008 or 0.47
EPS - 1st, 2nd and 3rd Quarter Triple Digit Growth in
Revenue and Earnings
4Operations Overview
Worldwide Energy and Manufacturing USA, Inc
Manufacturing Division
Research and Development
Solar Division
Intech Electro-Mechanical (China Operation)
Ningbo Solar Factory 60MW
Shanghai Intech Electronics Factory
Shanghai Intech Precision Machinery Co. (die cast
factory)
5Stock Basics
11.7
11.4
8.7
2,360
581
6Contract Manufacturing Products
- Foundry (manufacturing and sales distribution)
- Die casting components,
- Plastic injection components
- Investment casting components,
- Sand casting components
- Forged components
- Electronics (sales distribution)
- PC board fabrication
- PC board assembly
- Wire harness cable assembly
- Coil winding assembly
- Machining and Stamping (manufacturing and sales
distribution) - Machining
- Stamping
- Extrusion
- Fiber Optic Components (sales distribution)
7Contract 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)
8SOLAR DIVISION AMERISOLAR
- Provide solar modules to Solar Power System
Integrators for clean, reliable and affordable
solar energy - Modules have earned numerous quality designations
including IEC612215, TUV, CE, and UL
certifications - Mono and Poly crystalline modules feature two-bus
bar cell design - Configuration has the advantage of maximizing the
cells light absorbing surface area - Each Cell Array is tested power matched to ensure
consistent performance between modules - Every module is tested utilizing a calibrated
solar simulator to ensure power, voltage and
current ratings. - Glass surface of our modules have been tested to
Solar Industry Standards - Modules have a weather-resistant frame
constructed of aluminum alloy for endurance in
rugged weather conditions and given a double
oxidation coating for additional protection
against the elements
9Solar Industry Overview
- New Solar Products
- Global solar market totaled 30 billion in
revenues in 2007, according to Photon Consulting - Solar continues to be one of the fastest growing
sectors within the cleantech industry - Recent 40 annual growth rate reported
- Expected 40 continued growth rate for the next
few years
10Solar Division Investment Highlights
- Strong Market Growth Prospects
- High fuel cost and environmental issues force
shift to clean energy - PV industry sales to reach 23bn in 2010, a CAGR
of 27 for 2007-2010 - Experienced Management Team
- Strong Research and Development Team
- Strong Order Flow-82M solar contracts during the
past 12 months - Steady Supply of Silicon Wafer-long term
contracts available
11Solar Division Growth Strategy
- Complete Ningbo Solar Module Factory in December
2008 - Targeting exponential growth in 2009 and 2010
- Strengthen RD department to complete more
patents both in silicon wafer and thin film
technology - Secure long-term silicon wafer contract supplier
in Q-1, 2009
12Competitive Advantages in Solar Space
- Better QC Technology of Amerisolar
- Research Development Arm working on silicone
and thin film technology - Strong RD Team Led by World Renown Scientists
and Universities Shanghai Jiao Tung University
and Beijing Solar Energy Research Institute - Working on EPV technology for Thin-Film and filed
patents for silicon PV module technologies - Disciplined Sales Team with industry experience
and ability to land large contracts -
13Revenue Growth
200
100
45
11.7
8.7
11.4
969
Solar Solar Division
CM Contract Manufacturing
14Earnings Growth
13,450
5,400
1,500
581
969
575
15Financial Highlights
Balance Sheet
Income Statement
16Industry Comparables
Share price and market capitalization are as of
July 30, 2008 and financial results are as of
most recent reporting date.
17Management 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 23
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.
18Management Team
- John Ballard, Chief Financial Officer - Mr.
Ballard became Chief Financial Officer of
Worldwide and its California operating subsidiary
in September 30, 2003. Mr. Ballard has more than
fifteen years of business management, project
management, and accounting experience. From
January 2002 to the present, Mr. Ballard has been
a financial consultant and director of Reveal
Systems, Inc., a software development company and
internet provider based in Longmont, Colorado.
Mr. Ballard recently helped to complete the
acquisition of Reveal Systems by Stewart Title in
January of 2007. Mr. Ballard was the Chief
Financial Officer of Call Solutions, Inc., a
publicly traded company, from October 1999 to
November 2002. Call Solutions was in the business
of opening call centers. From 1997-1999, Mr.
Ballard owned and operated various food
operations, Cookies N Kreme and Lincoln Street
Café in the Denver Metropolitan Area. From 1988
to 1993, Mr. Ballard was Chief Financial Officer
for Apple Sundries, Inc., a Denver retail chain.
Since 1999, Mr. Ballard has been a major
shareholder, owning 10 or more, and a consultant
in five blank check companies, Tabatha I, Inc.
Tabatha II, Inc., Tabatha III, Inc. (Worldwides
predecessor), Tabatha IV, Inc., and Tabatha V,
Inc. Mr. Ballard holds a Bachelor of Science
Degree in Management and Marketing from the
University of Colorado where he graduated Magna
Cum Laude. Mr. Ballard also holds Masters of
Business in Administration from Regis University.
- 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
DivisionMr. 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.
19Contact Us
Corporate Headquarters
Worldwide Energy and Manufacturing USA, Inc. (OTC
BB WEMU) Jimmy Wang, CEO Phone 650-794-9888
408 N. Canal St., Units AB E-mail
jimmyw_at_wwmusa.com South San Francisco, CA 94080
Website www.wwmusa.com
Investor Relations Contact
Investment Bank
RedChip Capital LLC/RedChip Securities Inc. David
Coherd Phone 770-410-1040
RedChip Companies Inc. Dave Gentry 1-800-REDCHIP
(733-2447) ext 104