Turbogen (TURB) Registration filing summary

Company overview and business model

• Engaged in development, manufacturing, quality assurance, marketing, and commercialization of micro turbines for electricity generation up to 500 kW, excluding military, electric vehicle, and aviation uses.

• Holds all necessary intellectual property rights and know-how for its field, with technology transferred from R-JET Engineering.

• Operates under Israeli law, with principal offices in Petah Tikva, Israel.

Financial performance and metrics

• Financial statements for 2016 prepared in accordance with generally accepted accounting principles, reflecting true and complete business condition as of that date.

• Since the date of the financial statements, activities have continued in the ordinary course with no adverse events.

Use of proceeds and capital allocation

• Investment amounts from shareholders classified as loans, with repayment order specified: first to shareholders, then for transferred intellectual property, then profit distribution.

• Funds to be used according to a pre-approved budget and development milestones.