Magnuss—Wind Propulsion for Maritime Shipping—Saving Fuel, Money and Emissions

Date: Friday, May 12, 2017

Time: 8:00am – 10:00am

Organizer: Gelvin Stevenson, PhD

Host: Sidley Austin LLP

Location: 787 Seventh Ave. (AXA Equitable Building, between 51st and 52nd Streets), 23rd Floor

 The global shipping industry is practically invisible to most people. But in fact, it is a huge industry and one of the biggest emitters of Greenhouse Gases in the world. If it were a country, its CO2e emissions would rank #6.

Magnuss is preparing to slash those emissions and cut costs by applying tested and proved technology with some high-tech additions. Its secret? Rotating, retractable cylindrical sails on ocean-going vessels.

The Magnuss VOSS (Vertically-variable Ocean Sail System) sails are not your ordinary “billowing sheets” sails. Arguably the most powerful sail ever conceived, the Magnuss VOSS is a 100-foot tall, spinning, hollow, metal cylinder that propels a ship, thereby enabling the ship’s main engine to be throttled back while maintaining voyage speed.

            Magnuss delivers three benefits: (i) fuel savings of 20-35% on average and up to 50%, for an industry breaking its back to save 2-4%, (ii) a differentiated means to reduce carbon emissions in the face of tightening regulation, and (iii) a patented and class-approved design of proven technology applied in a different way to meet the needs of global shipping today.

          It is important to note that fuel is costly and represents a high percentage (60-80%) of a bulk cargo ship’s operating costs, and, to repeat: the shipping industry ranks among the world’s largest producers of carbon emissions.

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Register at the GIF Eventbrite page: Greentech Investors Forum, May 12, 2017

Or contact Gelvin at gelvin.stevenson@gmail.com.

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Currently, Magnuss is looking to close a $2.7 million angel round of common equity shortly on the heels of strong interest.  Proceeds from the remainder of the raise are for ongoing engineering, ship integration classification, strategic partnerships, international patent expansion as well as ongoing company operations.

The company is preparing to cut steel on a full scale, commercially-available product.  Importantly, the following boxes have been checked: proof of concept verified, patents issued, tech design complete, class approval obtained, market acceptance validated, first commercial unit positioned for fabrication and purchase order in hand.

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GIF thanks Investors Circle for its generous support, Geoff Miles, Chino Maduagwu, and Gary Kier for developing and operating GIF’s video, social media and design capabilities, Tonia Popke for her financial expertise, and Jesse Goldstein, PhD, for his continued support.

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          Magnuss will use those funds to install two to five sails aboard the largest ships in the world, including dry bulk carriers and tankers. They expect the customers to recoup the cost in just 3-5 years.

          These savings have been validated by independent 3rd party NGOs, including Sir Richard Branson’s Carbon War Room and the Sustainable Shipping Initiative.

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Disclaimer: The Greentech Investors Forum (GIF) is not soliciting funds for the presenting companies, nor is it encouraging parties to invest in them.  We try to find good companies — not necessarily good investments.  They have been advised on what is acceptable in terms of predicted results, but GIF takes no responsibility for what they actually do, say, or how they perform in the future.

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First developed by Anton Flettner in 1926, the application of this technology for shipping was shown to be highly effective. The standard Flettner rotor is a spinning, hollow, metal column installed on a ship’s deck that converts wind into forward thrust, roughly perpendicular to the direction of the wind, by the physical principle called the Magnus effect.

The Magnuss VOSS is a vastly improved version of the Flettner rotor design, serving today's shipping industry with a number of patented innovations. The chief difference and advantage of the VOSS is that it can be retracted and stowed below deck, out of the way. The signature transformable configuration is important when loading/unloading in port and for reducing drag in unsuitable conditions.

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Agenda:       8:00 to 8:30      -   Networking & light breakfast

                     8:30 to 9:10      -    James Rhodes – CEO / Co-Founder

9:10 to 9:30     -   TBA

9:30 to 10:00   -   Discussion

Security:      Security is tight, so please register early.  If there is a problem at the Security Desk, please contact Gelvin Stevenson at 917-599-6089.

 Fees:            $50, payable ahead of time or at the door.  Cash or checks and credit cards accepted.

                     $25 for call-in.  Registered call-ins will be emailed the call-in numbers and, if available, the slides to be presented.

                      $20 for students and faculty

 To register, visit Greentech Investors Forum, this Eventbrite site, or send your contact information to Gelvin Stevenson at gelvin.stevenson@gmail.com or 917-599-6089.  Please contact Gelvin If you have questions or need more information.

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