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1

Presentation on

Wookyoung Electrolysis System Co., Ltd.

November 2010

is committed to world leadership in Technology & Innovative products.

2. Track Record

2

1. Introduction

Content

is committed to world leadership in Technology & Innovative products.

Main Business, History, Organization, Manpower

Domestic, Overseas

1. Introduction

3is committed to world leadership in Technology & Innovative products.

Insoluble Anodes, Electrolysers,Electrochlorination System

Main Field of Business

1.Product

2.ServiceRe-coating & Refurbishment of electrodesEngineering Commissioning & Start-upSupervisingTraining, etc.

4

1. Introduction

is committed to world leadership in Technology & Innovative products.

1993Founded

1997Incorpo-

rated

1998POSCO

1999Patent

* High efficiency

* Extended life of insoluble anodes

2000Utility models

* Electrolyzer

* Transparent Electrolyzer

* Components etc.

2001Register

-ed

Qualified Supplier

By Korea Electric Power Co. (KEPCO)

and their subsidiaries

2002R & D Center

History in Brief

5

1. Introduction

is committed to world leadership in Technology & Innovative products.

Certificate of Registration in a qualified supplier

6

History in Brief

1. Introduction

is committed to world leadership in Technology & Innovative products.

2003Certificate

Promising Export Firm

2005Export

ITM O&M Co.– U.A.E

2004Acquired

ISO 9001 : 2000

2003Export

ACG s.r.l– Italy

2006M.O.U

Babcock, - GermanyUEME – U.A.E

2009Turn-KeyProject

Hyundai Green Power Plant– KoreaKEPCO Lebanon– Lebanon2010

BranchOffice PT. Wookyoung

internationalin Indonesia

2010Ongoing

PLTU Muara KarangPlant in Indonesia

→ Manufacturing, Engineering, installation, Supervising etc.

2008Export

CMS Power Co.– U.A.E

7

1. Introduction

is committed to world leadership in Technology & Innovative products.

8

CEO & President

R & D Center

Laboratory

Investment

Co-Operative R&D

H.O & Factory # 1

Planning

QA/QC

Administration

Procurement

# 1 Production

# 2 Production

Sales & Marketing

Licensing

Plant & Electrodes

Factory #2, 3

Production

Procurement

Administration

QA/QC

8

1. Introduction

is committed to world leadership in Technology & Innovative products.

OrganizationAudit Quality Control Committee

9

1. Introduction

is committed to world leadership in Technology & Innovative products.

Manpower

Division NumberSales 3

Customer Service 2Engineering 5

R & D 5Production 16Purchasing 2QA / QC 3

Other 2TOTAL 38

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1. Introduction

is committed to world leadership in Technology & Innovative products.

ManpowerDivision Name

General manager Sang-soo, KIM

Sales manager Grace, PARK

Customer Service manager Haejin, KIM

Engineering manager Tae-heum, HONG

Production manager Tae-hyo, KIM

Purchasing manager In-hwa, LEE

QA / QC manager Hyun-chul, Byun

EHS manager Sang-soo, HAN

R & D manager Sung-soo, KIM

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1. Introduction

is committed to world leadership in Technology & Innovative products.

Facility

Engineering, Fabrication & Coating

55 % of Manpower

Sales & Marketing,Production

30 % of Fabrication Load

15 %

Fabrication & Coating

Production

25 %

30 %

Fabrication & Coating

Production

45 %

Size : 1,655 m2 Size : 3,738 m2 Size : 990 m2

Factory # 3In Gyungju

H.O & Factory # 1In Changwon

Factory # 2In Haman

⊙ no.3 factory

⊙ Seoul office

⊙ H.O & no.1 factory

⊙no.2

factory

Kwangyang office ⊙

12

1. Introduction

is committed to world leadership in Technology & Innovative products.

Over view

H.O & Factory # 1 in Changwon

13

1. Introduction

is committed to world leadership in Technology & Innovative products.

H.O & Factory # 1 in Changwon

Coating Shop

Fabrication Shop

R & D Shop

Welding Shop

Storage Shop

Over view

14

1. Introduction

is committed to world leadership in Technology & Innovative products.

H.O & Factory # 1 in Changwon

Coating Shop

Fabrication Shop

R & D Shop

Welding Shop

Storage Shop

Over view

Over view

15

1. Introduction

is committed to world leadership in Technology & Innovative products.

H.O & Factory # 1 in Changwon

Coating Shop

Fabrication Shop

R & D Shop

Welding Shop

Storage Shop

Over view

16

1. Introduction

is committed to world leadership in Technology & Innovative products.

H.O & Factory # 1 in Changwon

Coating Shop

Fabrication Shop

R & D Shop

Welding Shop

Storage Shop

Over view

17

1. Introduction

is committed to world leadership in Technology & Innovative products.

H.O & Factory # 1 in Changwon

Coating Shop

Fabrication Shop

R & D Shop

Welding Shop

Storage Shop

Heating Furnaces

for heat treatment of electrode

18

1. Introduction

is committed to world leadership in Technology & Innovative products.

H.O & Factory # 1 in Changwon

Coating Shop

Fabrication Shop

R & D Shop

Welding Shop

Storage Shop

19

1. Introduction

is committed to world leadership in Technology & Innovative products.

H.O & Factory # 1 in Changwon

Coating Shop

Fabrication Shop

R & D Shop

Welding Shop

Storage Shop

Over view

20

1. Introduction

is committed to world leadership in Technology & Innovative products.

H.O & Factory # 1 in Changwon

Coating Shop

Fabrication Shop

R & D Shop

Welding Shop

Storage Shop

Over view

21

1. Introduction

is committed to world leadership in Technology & Innovative products.

H.O & Factory # 1 in Changwon

Coating Shop

Fabrication Shop

R & D Shop

Welding Shop

Storage Shop

Over view

22

1. Introduction

is committed to world leadership in Technology & Innovative products.

H.O & Factory # 1 in Changwon

Coating Shop

Fabrication Shop- facility

R & D Shop

Welding Shop

Storage Shop

Machining for housing of an electrolyzer

Machining for Components of an electrolyzer

23

1. Introduction

is committed to world leadership in Technology & Innovative products.

H.O & Factory # 1 in Changwon

Coating Shop

Fabrication Shop

R & D Shop

Welding Shop

Storage Shop

Over view

Titanium raw material, sheet

etc.

24

1. Introduction

is committed to world leadership in Technology & Innovative products.

H.O & Factory # 1 in Changwon

Coating Shop

Fabrication Shop

R & D Shop

Welding Shop

Storage Shop

Over view

25

1. Introduction

is committed to world leadership in Technology & Innovative products.

Factory # 2 in Haman

Over view Testing Benches

26

1. Introduction

is committed to world leadership in Technology & Innovative products.

Factory # 2 in Haman

Auto Sand / Blast Machine

for surface treatment of electrodes

27

1. Introduction

is committed to world leadership in Technology & Innovative products.

Factory # 2 in Haman

Heating Furnaces for electrodes Machining

28

1. Introduction

is committed to world leadership in Technology & Innovative products.

Factory # 2 in Haman

Chemical site

29

1. Introduction

is committed to world leadership in Technology & Innovative products.

Factory # 3 in Gyungju

Over View

30

1. Introduction

is committed to world leadership in Technology & Innovative products.

Factory # 3 in Gyungju

Over View

31

1. Introduction

is committed to world leadership in Technology & Innovative products.

Factory # 3 in Gyungju

Electric Furnace (Continuous Type)

for Electrodes

Electric Furnace (Box Type)

for Electrodes

1. Introduction

Certificate of R & D Center

is committed to world leadership in Technology & Innovative products.

32

1. Introduction

R & D Center in Changwon

Laboratory “A”

is committed to world leadership in Technology & Innovative products.

33

Instruments for Coating Thickness Measurement and Materials Testing

X-Ray Spectrometer for Quantitative Analysis

1. Introduction

R & D Center in Changwon

Laboratory “A”

34

Digital Rotary Evaporatortor for Platinoid Sol. Fume scrubber

1. Introduction

R & D Center in Changwon

Laboratory “A”

is committed to world leadership in Technology & Innovative products.

35

IncubatorElectrode samples for Test

1. Introduction

R & D Center in Changwon

Laboratory “B”

is committed to world leadership in Technology & Innovative products.

36Over view

1. Introduction

R & D Center in Changwon

Laboratory “B”

is committed to world leadership in Technology & Innovative products.

37

Over view

38

1. Introduction

is committed to world leadership in Technology & Innovative products.

Certificate (ISO 9001 : 2008, 14001 : 2004)

39

1. Introduction

is committed to world leadership in Technology & Innovative products.

Certificate (NEP : New Excellent Product)

40

1. Introduction

Certificate of Registration in Construction

is committed to world leadership in Technology & Innovative products.

2. Track Record

41

1. Introduction

Content

is committed to world leadership in Technology & Innovative products.

Main Business, History, Organization, Manpower

Domestic, Overseas

42

2. Track Records (Domestic)

is committed to world leadership in Technology & Innovative products.

CLASS. YEAR PROJECT END USER /PURCHASER

LOCATION /COUNTRY Q'ty CAPA'

(Kg Cl2/hr)Contract Delivery Design manuf

actureinstalla

tioncommissioning

Guarantee

DAELIM2009 Hyundai Green

Power PlantDaelim

Industrial Company

Dangjin,Choongnam

Province2 units 60 - Sep. O O O O 5 years

2008 TAEANThermal Pow er

Plant

WP (Korea WesternPower Co., Ltd)

Taean,Choongnam

Province7 cell 35 03.24 04.23 O O 5 years

SEOULThermal Pow er

Plant

KOMIPO (Korea MidlandPower Co., Ltd.) Seoul city 14 cell 70 04.03

w ithin 50days O O O O 5 years

SAMCHEONPOThermal Pow er

Plant

KOSEP(Korea SouthEast Power Co,.Ltd.)

Gosung,GyungnamProvince

144 cell 108 01.13w ithin 50

days O O O 5 years

2009 WOOLSANCombined Cycle

& Thermal

KOEWP (Korea East &West Power Co., Ltd.)

WoolsanMetropolitan

City3 cell 30 04.30 07.09 O O O O 5 years

SEOCHONThermal Pow er

Plant

KOMIPO (Korea MidlandPower Co., Ltd.)

Seochon,Choongnam

Province6 cell 60 09.30

w ithin 60days O O O O 5 years

2010 HADONGThermal Pow er

Plant

KOSPO (Korea SouthernPower Co., Ltd)

Hadong,GyungnamProvince

12 cell 60 05.03w ithin 40

days O O O O 5 years

DANGJINThermal Pow er

Plant

KOEWP (Korea East &West Power Co., Ltd.)

Dangjin,Choongnam

Province6 cell 30 05.12 06.16 O O O O 5 years

2009 WOOLJINNuclear Pow er

Plant

Korea Hydro-NuclearPower Co., Ltd.

Wooljin,GyungbukProvince

56 cell 280 03.05 04.10 O O 5 years

2010 KORINuclear Pow er

Plant

Korea Hydro-NuclearPower Co., Ltd.

Busan,metropolitan

city2 cell 10 05.11 06.10 O O 5 years

POSCO GwangyangSteam Pow er

Plant # 1POSCO

Gw angyang,GeonnamProvince

1 unit 36 - Feb. O O O 5 years

POHANGLNG Pow er

PlantPOSCO

Pohang,GyungbukProvince

2 units 15 - Mar. O O O 5 years

POHANGSteam Pow er

Plant #2,3POSCO

Pohang,GyungbukProvince

2 units 45 - May O O O 5 years

2008

KoreaHydro-

NuclearPower

Co.

KoreaElectricPower

Co.

Domestic

DAELIM Industrial Co.Korea Electric Power Co.Korea Gas CorporationPOSCO

43

2-1 Main Customer (Domestic)

•Type : Mono-Polar Plate Type,Hyundai Green Power Plant Capacity : 30 Kg Cl2/hr/unit x 2 Units, September. 2009

is committed to world leadership in Technology & Innovative products.

Design Manufacture Installation Commissioning

O O O O

2. Track Records

Domestic

DAELIM Industrial Co.Korea Electric Power Co.Korea Gas CorporationPOSCO

44

2-1 Main Customer (Domestic)

•Type : Mono-Polar Plate Type,Hyundai Green Power Plant Capacity : 30 Kg Cl2/hr/unit x 2 Units, September. 2009

is committed to world leadership in Technology & Innovative products.

Design Manufacture Installation Commissioning

O O O O

2. Track Records

Domestic

DAELIM Industrial Co.

Korea Electric Power Co.Korea Gas CorporationPOSCO

45

2-1 Main Customer (Domestic)

•Type : Mono-Polar Plate Type, HADONG Thermal Power PlantCapacity : 60 Kg Cl2/hr/unit x 2 Units, January. 2010

is committed to world leadership in Technology & Innovative products.

Design Manufacture Installation Commissioning

O

2. Track Records

Domestic

DAELIM Industrial Co.

Korea Electric Power Co.Korea Gas CorporationPOSCO

46

2-1 Main Customer (Domestic)

•Type : Tubular type, Samcheonpo Thermal Power PlantCapacity :108 Kg Cl2/hr/unit x 1 Unit, April. 2008

is committed to world leadership in Technology & Innovative products.

Design Manufacture Installation Commissioning

O O O

2. Track Records

Domestic

DAELIM Industrial Co.Korea Electric Power Co.

Korea Gas CorporationPOSCO

47

2-1 Main Customer (Domestic)

•Type : Mono-Polar Plate Type,INCHEON Producing CenterCapacity : 40 Kg Cl2/hr/unit x 1 Unit, September. 2009

is committed to world leadership in Technology & Innovative products.

Design Manufacture Installation Commissioning

O

2. Track Records

Domestic

DAELIM Industrial Co.Korea Electric Power Co.Korea Gas Corporation

POSCO

48

2-1 Main Customer (Domestic)

•Type : MHI Electrolytic Cell (L-type)POSCO Steam Power Plant #1Capacity : 36 Kg Cl2/hr/unit x 1 Unit, February. 2008

is committed to world leadership in Technology & Innovative products.

3. Experience

Design Manufacture Installation Commissioning

O O O

Domestic

DAELIM Industrial Co.Korea Power Generation Co.Korea Gas Corporation

POSCO

49

2-1 Main Customer (Domestic)

•Type : Bi-Polar typePOSCO LNG Power PlantCapacity : 15 Kg Cl2/hr/unit x 2 Units, March. 2008

is committed to world leadership in Technology & Innovative products.

Design Manufacture Installation Commissioning

O O O

2. Track Records

Domestic

DAELIM Industrial Co.Korea Power Generation Co.Korea Gas Corporation

POSCO

50

2-1 Main Customer (Domestic)

•Type : (MHI) Bi-Polar typePOSCO LNG Power PlantCapacity : 45 Kg Cl2/hr/unit x 2 Units, March. 2008

is committed to world leadership in Technology & Innovative products.

2. Track Records

Design Manufacture Installation Commissioning

O O O

Domestic

DAELIM Industrial Co.Korea Power Generation Co.Korea Gas Corporation

POSCO

51

2-1 Main Customer (Domestic)

•Type : (MHI) Bi-Polar typePOSCO LNG Power PlantCapacity : 45 Kg Cl2/hr/unit x 2 Units, March. 2008

is committed to world leadership in Technology & Innovative products.

2. Track Records

Design Manufacture Installation Commissioning

O O O

52is committed to world leadership in Technology & Innovative products.

2. Track Records (Overseas)

YEAR PROJECT END USER /PURCHASER

LOCATION /COUNTRY DESCRIPTION Q'ty CAPA'

(Kg Cl2/hr)Contract Delivery Design manuf

actureinstalla

tioncommissioning

Guarantee

Umm Al NarWater & Power

Plant

ITM O&MCompany

Abu Dhabi,UAE

Housing Cell, Transparent Housignfor Electrolyser BP-Ⅳ 12 sets 50.4 06.12 08.30 O 5 years

ditto ditto dittoElectrode Assembly (w ithout

housing) 12 sets 50.4 06.19 08.30 O 5 years

Umm Al NarWater & Power

Plant

ITM O&MCompany

Abu Dhabi,UAE

Electrode Assembly (w ithouthousing) 6 sets 25.2 04.21 07.10 O 5 years

ditto ditto dittoElectrode Assembly (w ithout

housing) 6 sets 25.2 12.28 03.20 O 5 years

HypochloriantionPlant

Azienda chimicaGenovese s.r.l

Genova,Italy Electrolyzer skid 1 set 10 03.27 06.01 O 5 years

Deir AmarPower Plant

KELECO / KEPCOLebanon S.A.R.L Lebanon Electrochlorination System 1 unit 40 03.31 08.05 O O O O 5 years

Al Taweelah A2Power &

Desalination Plant

Emirates CMSPower Co.

Abu Dhabi,UAE

Electrolytic cells w ith non -Transparent Housing 8 sets 33.6 08.11 08.25 O 5 years

HypochloriantionPlant

PREMABERGOITALIANA stl ITALY Electrolytic Cell 1 set 2 12.23 02.19 O 5 years

HypochloriantionPlant

Umm Al NarWater & Power

Plant

Abu Dhabi,UAE Spare Parts for electrolytice Cell

section1 - 06.07 08.01 O 5 years

ditto ditto ditto Spare Parts for electrolytice Cellsection

2 - 06.07 12.10 O 5 years

2008

2009

2010

Overseas

53

KELECO (Lebanon)ITM O&M Co. (U.A.E)ACG s.r.l. (Italy)Premabergo (Italy)PLTU MuaraKarang (Indonesia)

2-2 Main Customer (Overseas)

•Type : Tubular-type Deir Amar Power Plant (Lebanon)Capacity : 40 Kg Cl2/hr/unit x 1 Unit, July. 2009

is committed to world leadership in Technology & Innovative products.

2. Track Records

Design Manufacture Installation Commissioning

O O O

Overseas

54

KELECO (Lebanon)

ITM O&M Co. (U.A.E)ACG s.r.l. (Italy)Premabergo (Italy)PLTU MuaraKarang (Indonesia)

2-2 Main Customer (Overseas)

•Type : PEPCON Type BP-ⅣUmm Al Nar Power & Desalination “B” (U.A.E)Capacity : 5 Kg Cl2/hr/unit x 36 Sets, November. 2004

is committed to world leadership in Technology & Innovative products.

2. Track Records

Design Manufacture Installation Commissioning

O

Overseas

55

KELECO (Lebanon)ITM O&M Co. (U.A.E)

ACG s.r.l. (Italy)Premabergo (Italy)PLTU MuaraKarang (Indonesia)

2-2 Main Customer (Overseas)

Type : Bi-polar typeCapacity : 10 Kg Cl2/hr/unit x 1 Sets, May, 2009

is committed to world leadership in Technology & Innovative products.

2. Track Records

Design Manufacture Installation Commissioning

O

Overseas

56

KELECO (Lebanon)ITM O&M Co. (U.A.E)ACG s.r.l. (Italy)

Premabergo (Italy)PLTU MuaraKarang (Indonesia)

2-2 Main Customer (Overseas)

•Type : Tubular-type Capacity : 2 Kg Cl2/hr/unit x 1 Set, February. 2010

is committed to world leadership in Technology & Innovative products.

Design Manufacture Installation Commissioning

O

2. Track Records

Overseas

57

KELECO (Lebanon)ITM O&M Co. (U.A.E)ACG s.r.l. (Italy)Premabergo (Italy)

PLTU MuaraKarang (Indonesia)

2-2 Main Customer (Overseas)

•Type : Daiki type –monopolarCapacity : 65 Kg Cl2/hr/unit x 2 Units, February. 2011 (off the ground)

is committed to world leadership in Technology & Innovative products.

Design Manufacture Installation Commissioning

O O O

2. Track Records

58

Thank you !

Q & A

is committed to world leadership in Technology & Innovative products.