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MIF Loan Application 11/19/2022 <br />Section 3-A <br />Project Overview <br />1.a) MIF funds will be used to ramp up Maxwell Labs from a laboratory to full industrial abilities. <br />Our first product that we are bringing to market is a high conductivity thermal paste. This reduces <br />energy consumption by up to 15% and reduces temperatures equipment runs at by up to 12 degrees. It <br />has been prototyped and operated in various pilot projects throughout 2022. <br /> <br />Project Details <br /> <br />Its primary use is in high performance computing such as super computers and the mining industry, <br />however, it is applicable to all equipment containing a chip. We currently have four manufactures <br />testing our compound and one requesting we begin exclusivity agreements We cannot ramp up to <br />production without MIF funds to purchase equipment. Just one of these four contracts is 1M <br />grams annually. Our current equipment allows us to make batch sizes of 130ml, limiting us to 36,000 <br />grams per year. Industrial equipment is required to allow us to increase batch size to 2200ml per batch, <br />resulting in production capacity of 750,000 grams monthly. <br /> <br />Equipment Requirements <br />The primary focus of funding will be in purchasing of equipment and increasing space for manufacturing. <br />We currently have laboratory-sized equipment and require equipment that is sized for mass production. <br />The equipment required to meet our projected volumes for thermal compounds over the next year are <br />shown in the table below. This is only for one production line of one product- thermal compound. <br />Equipment Quantity Total Cost <br />Kakuhunter Centrifugal <br />Planetary Mixer SK1100TV2 <br />1 $64000 <br />Ultrasonic Mixers 4 $8000 <br />Syringe fillers 1 $12000 <br />Labconco 70” Fume hoods 1 $16000 <br /> <br />Space Requirements <br />In addition to the industrial manufacturing equipment discussed above, we require larger manufacturing <br />space to house equipment, staff and inventory. We are currently limited to 1500 sqft, and require a <br />minimum of 3000 sqft to meet the requirements of manufacturing at maximum capacity. <br />Leasehold Improvements <br />HVAC for Exhaust system for equipment and Cooling system for large server equipment is estimated at <br />$50,000. The installation of duct work and equipment ventilation, including moving costs of $75,000. In <br />addition, a required upgrade to 600 amp service is needed estimated at $30,000. <br />