This presentation is a combination of the presentations give by the following companies; Spider 9, Grid Logic, Advanced Battery Concepts, LLC, Power Electronic & Vehicle Electrifications, Blusine, inmatech, SkySpecs and XG Sciences. The presentations were given at the International Battery Show in Novi, Michigan on November 13th as a part of the Michigan Energy Forum Event Series.

1. Michigan Energy Forum:
Advanced Energy Storage
November 13th, 2012
© Ann Arbor SPARK

2. “Advanced Energy
Storage”
THANK YOU TO OUR SPONSORS:

3. CAPTURING THE PROMISE OF RENEWABLE ENERGY

4. DIVERSE TECHNOLOGIES

5. ONE PROMISE

6. CLEAN
RELIABLE
COST EFFECTIVE
ENERGY

7. THE PROBLEM

8. CLEAN TWO
PIECES
CONTINUE
TO ESCAPE
ENERGY
US

9. AN ANALOGY CAN
BE MADE TO THE
COMPUTER
INDUSTRY

10. AND ITS
EVOLUTION
FROM THIS

11. TO
THIS

12. WHAT UNLOCKED THE PROMISE?

13. OS
(the operating system)

14. ULTIMATELY
BRING COST
DOWN

15. AND DRIVING
RELIABILITY
UP

16. AND EMPOWERING OUR WORLD.

17. SO…
NOW WHAT
ABOUT
ENERGY

18. DIVERSE TECHNOLOGIE
WHAT IS THE KEY TO UNLOCK
THE POTENTIAL IN CLEAN
ENERGY?

19. THE ANSER IS “E”

20. INTRODUCING
THE
ENERGY
OPERATING
SYSTEM

21. OS
E

22. THE CONTROLS
=
iMac S9 RIM

23. STORAGE UNIT
=
TIME CAPSULE ENERGY VOLT

24. INTERFACE
iPAD meet SPIDER-SENSE

25. CORE CAPABILITIES

26. RECONFIGURATIO
N
Of the electrical architecture
to optimize performance
under changing voltage, load
and temperature conditions.

27. BALANCE
Ensuring each storage cell is balanced and
not compromised by is neighbor on every
charge cycle. Yielding more energy and
extending life.

28. ISOLAT
E
Components that are compromised are
electrically isolated, avoiding system failure,
increasing reliability and lowering maintenance
costs.

29. INTEGRAT
E
Many components, one
system. Our technology is
chemistry, vendor and
environmentally agnostic.

30. ALERT
OSE will isolate the problem automatically, but it will
also notify you of the issue, how its effects the
system, when and what the corrective action should

31. PREDICT
Enhanced system
performance through applied
intelligence: weather, payment
rates, forecasted use and
system state to maximize a
user’s return on investment..

34. O
S E
DELIVERING
THE PROMISE OF
CLEAN ENERGY

35. Company Introduction
Tim Westman
Director, Sales & Marketing

36. Advanced Materials & Manufacturing
Systems

37. Typical Ceramic Superconductor

38. Proximity Effect
Metal
Matrix Induced
Superconductivity
Superconducting
Material
Critical
Temperature

39. Superconducting Nanocomposites

40. ScNc™ Components vs.
Traditional Superconductors

41. Custom Atmosphere Controlled
Material Production

42. Custom Atmosphere Controlled
Cryogenic Milling
42

43. Custom Atmosphere Controlled
Annealing

44. Custom Atmosphere Controlled
Additive Manufacturing

45. Points of Contact
Grid Logic, Incorporated
 George Caravias, CEO
caravias@grid-logic.com
 Dr. Matthew Holcomb, CTO
holcomb@grid-logic.com
 Tim Westman, Director, Sales
westman@grid-logic.com
1070 Clark Road
Lapeer, MI 48446
810-272-5215
www.grid-logic.com

46. Advanced Battery Concepts, LLC
Better Batteries, Better World©
Jim Croce
Sr. VP, Strategy and Corp. Development
jcroce@advancedbatteryconcepts.com
46

47. Consumers and Companies Have Been
Stuck Between Two Extremes
Customers like lead
acid prices & safety…
Huge Market Gap:
… but not its poor life Requiring Higher
and heavy weight
Performance at
Reasonable Prices
Customers like
small footprint &
$40B+ Existing light weight of Li Ion
Global Market and NiMH …
… but not its high
cost, temperature
and safety

48. Sizeable Worldwide Markets*
Worldwide Lead Acid Demand - By Application In millions of $
2010 2013 2016
Starting, Lighting, & Ignition (SLI) $11,666 $14,092 $16,663
Motive Power $7,837 $12,787 $17,997
Stationary Power & Other $16,707 $16,861 $17,060
Total $36,210 $43,740 $51,721
$40,000 * Conservative estimates
$35,000
$30,000
- Source assumes optimistic
$25,000
penetration of lithium ion**
Stationary Power & Other
$20,000
Motive Power - Doesn’t include auto EV,
$15,000
HEV, PHEV, and start-stop
$10,000
$5,000 First ABC Market Segment Targets
$0
2010.0 2013.0 2016.0 **Sources: Frost & Sullivan, Freedonia, internal estimates

49. GreenSeal® Batteries…
• 1.5X Energy
Addresses customer • > 3X cycle life
needs* • 10X Power
• Serves existing high-growth
Commercially markets at lower cost
viable • Leverages depreciated
CAPEX of Licensees
• 46% less lead
Environmentally • 40% less GHG
friendly • 100% recyclable
* As compared to classic AGM/VRLA Batteries

50. Go-to-Market Strategy
• Partner with existing battery producers License
technology & sell proprietary electrodes and
related components
– Low cost conversion
– <$2.0M (<9 month payback)
– Increased Gross Margin (23% to > 30%)
– Hedge to lead pricing (46% lead reduction)
– Path to new markets
• Direct battery sales
– Emerging (un-served) markets/applications (e.g. grid
storage)
– Generate revenue (positive GM)
– Demonstrate warranty
50

51. “Sizeable” Advantages
- Greater energy density Replaced with 1 GreenSeal® battery!
(range)
- Simplified assembly
- Eliminates battery hold down
straps
- Reduces wiring & switching
- Eliminates battery boxes
- Eliminates battery covers
- Eliminated nuts & bolts
- Lasts longer
> 40kg Weight Saving—Without Having to Resort to the High $$$ of Lithium
51

52. Greater than 3X Cycle Life
versus Competition
100% Depth-of-Discharge

53. Validated Commercial Demand
• Sales from Amigo
• Signed MOU & PO from Crown Battery for joint
commercialization/license
• Letters of interest from customers
– GGT – Electric Truck requesting our 96V U1 battery
– Hero – Largest E-scooter producer in India
– Jacto – Brazilian conglomerate wants to build
capacity in Brazil
– CRADA with US Army
• Dozens more customers seeking samples and
product

54. Low Cost & Simple Manufacturing
From decades-long use of …To lower cost/high
heavy lead electrodes performance plastic
bi-polar electrodes
Traditional Battery GreenSeal® Battery
SKUs 14 9
Parts per battery 339 56
Manufacturing 23 10
processes
Delivering battery performance towards lithium but at lead acid prices!

55. Strong IP Position
• Company owns foundational intellectual property
– Key claims on first patent fling accepted by US Patent
Office – received “Notice of Allowance” (core GreenSeal®
electrode design)
– Filed new patents covering RapidSeal® assembly
technology, SureFill® filling/venting technology and
RibbonWelding™ technology early 2012
– Additional patent filings under way
– Other key IP being held as “Trade Secret”

56. Investable Team
Ed Shaffer, CEO & Founder (Board Member)
– 20 Years of experience in advanced materials; 7 in batteries
– Senior R&D and Business Development management roles
– Ph.D. MIT Materials Science, 1995
Jerry Mullis, COO
– 27 Years of senior manufacturing experience in the lead acid industry
– Built and operated world-scale plants
– Shanghai, France, Kansas, Saudi Arabia, Korea, Georgia
Jim Croce, Senior Vice President, Strategy and Corporate Development
– 27 years energy veteran – Executive in Fortune 500 & early stage tech companies
– Former CEO, NextEnergy and NIREC
– Public board member and venture advisor
Jerold Zwas, Founder (Board Advisor)
– 15 Years of experience in investment banking entrepreneurial ventures.
– Worked with many early-stage growth companies as acting CFO and in other C level
positions.
– MBA Ross School of Business, Corporate Strategy and Finance
Donald Hobday, VP of Business Development
– 29 Years experience in automotive engineering, sales, project management and
operations roles including 3 years bi-polar lead acid battery experience.
– GM & Director of Operations – 3 Chinese JV manufacturing facilities
Mark Minbiole, CFO
– 35 years finance experience in public and corporate accounting, corporate 56

57. Attractive Financials
57

58. Current B Round Offering: Series A Preferred
Offering:
Offering $6,000,000 is Series A Preferred Units,
comprised of an initial tranche of $2,000,000 and a
future tranche of $4,000,000
Closing :
Company will close the first investment tranche upon
receiving $2,000,000 in firm commitments

59. Conclusions
 First commercially viable bi-polar lead acid battery
 Bridges performance gap between lead acid and lithium
 Low cost materials and processing
 Protectable IP – “platform” technology extendable to
novel/emerging chemistries
 Capital efficient development & licensing paths
 Key customer/partner interest aimed at huge unmet market needs
 Strong founding team
 Near-term exit (sale) options, among
dozens of existing battery OEM’s

60. Thank You!
Jim Croce
Senior VP, Strategy and Corporate. Development
jcroce@advancedbatteryconcepts.com

61. Power Electronic & Vehicle Electrifications
Kevin (Hua) Bai,
Ph.D
Assistant Professor, ECE
Director of Advanced Power Electronics Lab
Kettering University
1700 W University Ave
Flint, MI 48504 USA
email: hbai@kettering.edu
Tel: (810) 288-8273

62. Outline
• Introduction of the Advanced Power Electronics Lab (APEL);
• Projects Demo and Research Activities;
• Future Research Interests and Opportunities.

63. APEL Research
In EV/HEV/PHEVs, connections between different components,
e.g., high-voltage battery, motor, generator, lead-acid battery,
needs be realized through power electronics way.

64. Sponsored Research
1. Electrified Automobile System for US College Students;
2. Design of the Control System for a 160kW Inverter;
3. Development of A 110kW Traction Inverter for Electric Vehicles;
4. 12V/1kW Motor Drive System for TRUE Clean Air Burner Supply;
5. 400V12V 2.5kW Auxiliary Power Module (97% efficiency);
6. 11kW 97%-efficiency Three-Phase PFC Controller;
7. 10kW 97%-efficiency Electric Charger;
8. Impact of the Charging Algorithms on the Battery.

65. Non-sponsored Research
1. Level 1 Wireless Charging System for PHEV/EV;
2. Silicon Carbide JFET/MOSFET based Power Electronics Converter;
3. Extended Kalman Filter based Battery SOC On-line Estimation;
4. Smart Grid system for future community driving EV/PHEVs.

66. APEL Team
• Research Staffs:
– 1 postdoctoral fellow: Wei Guo
– 1 research scientist: Allan Taylor
– 3 graduate assistants: Gyula Szatmari-Voicu, Chenguang Jiang, Chen Duan
– 3 research scholars: Abdrahamane Traoré, Gyula Szatmari-Voicu, Fei Yang
– 6 campus co-ops: Mori Yatsui, Nick Cramer, Xi Zheng, Nelson Wang, Chris
Mitchell, Yu Ning
– 1 visiting scholar: Yang Yang
• Campus Awards: Mori Yatsui, Outstanding Thesis & Presidential Gold Medal.
• Independent Study: 3

67. APEL Team
Kevin (Hua) Bai Allan Taylor Wei Guo Gyula Szatmari-Voicu
APEL Lab Director Research Scientist Postdoctoral fellow Graduate Student
Chen Duan Chenguang Jiang Fei Yang
Graduate Student Graduate Student Research Assistant
Abdrahamane Traoré Christopher Mitchell Nelson Wang Yang Yang Mori Yatsui
Research Scholar Research Assistant Research Assistant Visiting Scholar Research Assistant

69. Projects Demo (1)
Challenges Intellectual Solutions & Benefits for students
1. High power at high voltage  Advanced gate-drive-circuit design;
(10kW@380V);
2. High efficiency for bidirectional (~95%);  CoolMOS/IGBT with dual-phase-shift control;
3. Low cost and high system integration.
Hua Bai and Mi C, “Eliminate Reactive Power and Increase System Efficiency of Isolated Bidirectional Dual-
Active-Bridge DC–DC Converters Using Novel Dual-Phase-Shift Control”, IEEE Trans. on Power Electronics,
vol. 23, no. 6, 2008, pp. 2905 – 2914.

70. Projects Demo (2)
A Three-phase 11kW97%-efficiency PFC
Comparison of Traditional hard switching and
Symmetric DPWM
Experimental waveforms ( 10-19-2011)
Vin=220VAC, VDC=400V, 10kW

71. Projects Demo (3)
Vin=400V, Vo=200~450V;
P=10kW, fs=90kHz~150kHz (fstart= 250kHz);
CoolMOS;
FRR Diodes;
Planar Transformer vs regular transformer

72. Projects Demo (3)
0.4% efficiency off
due to underdesigned Transformer
(97% as required)
~3% efficiency gain
(92% as required)
Magna Ecar and Kettering, “A 10kW 97% efficiency LLC Resonant DC-DC Converter with Wide Range of
Output Voltage for the Battery Chargers in Plug-in Hybrid Electric Vehicles" ”, ITEC 2012, accepted.

73. Projects Demo (4)
2.5kW 93%-efficiency DC /DC Electric Alternator for EV

74. Projects Demo (5)
2010~, in Kettering as Assistant Prof (PI)
12V/1kW BLDC Motor Drive System
for Diesel Engine
55~110kW DC/AC Inverter for EV

75. Projects Demo (6)
Actual SOC vs Predicted SOC Man-Machine Interface
Kevin Bai, Mori Yatsui, “Impact of Lithium-ion Battery Performance on the System-level SOA of the Fast
Electric Charger”, published in VPPC’11.

76. Projects Demo (6)
Charging curves of different chargers in long term
Principal Investigator: Kevin Bai. For PDI, finished by 09/30/2011.

77. Project (7)
Challenges Intellectual Solutions & Benefits
1. High safety;  design of the coil;
3. High efficiency;  soft switching and reactive power compensation;
4. High Effectiveness;  resonant techniques;

78. Project (7)
90
100mm
85 110mm
Overall Efficiency(%)
120mm
130mm
140mm
150mm
80
75
0 20 40 60 80 100 120 140 160 180 200
Winding Slide(mm)
Experimental Efficiency at different battery voltage (1.5kW) Experimental Efficiency @(1.3kW, 200V)

79. Future Research Opportunities
1) Exchanging APEL research interests on technology level and reach the final
productivity:
>96%-efficiency Level 1~3 Battery Charger
3.3~6.6kW Wireless Charging System
All-SiC based Charger/Inverter System
20~110kW Electric Power Train for EV/PHEV
20~110kW Boost Converter for EV/PHEV
>98%-efficiency photovoltaic inverter design
Multisource System in EV/HEV/PHEV
High-performance Battery Equalizer
EKF based Battery SOC Estimation

80. Future Research Opportunities
2) Identifying evolutionary and revolutionary technologies and system
concepts in vehicle electrification and renewable energy and working
together with companies to create proposals for DOE/Army.
Solar/Wind energy based grid-tied smart charging station;
Effective System Integration;
Short-distance wireless charging devices for GPS, cell phone. etc.
……

81. Thank you!
Questions?

82. Michigan Energy Forum
The Battery Show
November 13, 2012

83. Background
• Founded 2012
• University of Michigan Technology
– Invented by Ann Marie Sastry & Jim Beyer
• Team Expertise
– 30+ years technical
– 50 years Tier 1 supply

84. Technology
Ecosystem
- Modular
- Adaptive
- Efficient
- Flexible
Electric Power Ultra- Power Battery
Motor Control Capacitors Control Pack
Electronics Electronics
Differentiators
- Battery Agnostic
- Avoids Technology Trade-off
- Combines mature tech
Source: http://www.mpoweruk.com/alternatives.htm#ragone
84

85. Global Hybrid and Electric Vehicle
2012 – 2017 Snapshot
TAM 592m units
Total Addressable Market (592m units)
SAM –Global Passenger/Light Truck (553m)
104m units –Global MCV/HCV/Bus (39m)
Served Addressable Market: (104m units )
TM
–North America Passenger/Light Truck (99m)
398k units
–North America MCV/HCV/Bus (5m)
Target Market (398k units @ $20b)
–US Medium Commercial Vehicle – Deliver & Service
–FedEx, UPS, Coca-Cola, Pepsico, HEB, etc. and IHS Automotive)
(Source: Frost & Sullivan

86. Industry Challenge
4.
3
2
54.5

87. Development Status
efficiency
t

88. Sales & Finance
Licensing
Investment
• Grants
Distribution • Founders
• Investors
$

89. Leadership
Chuck Pestow – Founder/CEO
Chuck Pestow has over 20 years of Operations, Engineering, Supply Chain Management, and Sales experience at global companies such as TRW,
Weyerhaeuser, and Dell. From June 2010 through March 2012 he held the position of Director, Global Operations at KLD Energy. Chuck earned
his BS in Mechanical Engineering Technology from Purdue University, his MS in Technology Commercialization from The University of Texas, and
currently holds 4 U.S. Patents in product design and manufacturing process.
Dr. Julian Partridge - Engineering
Dr. Partridge has over 20 years experience introducing advanced technology products at start-up ventures, Fortune 500
corporations, and contract manufacturers. Most recently he was Vice President of Technology Integration at KLD Energy, an
innovator in electric propulsion and battery systems. His prior experience spans various start-ups working on high-reliability
electrical systems after starting his career in the IBM Research and Motorola. He has 27 patents covering advanced materials, high
performance electronic packages, and is a licensed PE. His doctorate in Materials Engineering was earned at UConn.
Burrjed Stafford – Finance & Business Strategy
BurrJed Stafford has over 15 years of financial experience specific to capital markets where he focused on
company strategy and technology development. He has extensive experience working with start ups and
most recently established a technology firm to design and deploy automated trading strategies in the
financial markets. BurrJed earned his BS in Agricultural & Applied Economics from Texas Tech University and
a MS in Technology Commercialization from The University of Texas-Austin.

90. chuck@blusine.com
@HybridExperts

91. Next Generation
Supercapacitors
for Superior
Power Management
Michigan Energy Forum | November 13, 2012 | The Battery Show
# B857

92. Challenges in Performance
Power
Battery,
Fuel cell, ... Energy
Battery &
Supercap
(Hybrid
Energy
Storage)
Range / Run Time

93. Hybrid Energy Storage (HES)
Vehicle Speed • Drive Cycle: 100 miles; 2.5 h
• Light duty hybrid truck
Battery (7 kWh) +
Battery-alone (22 kWh) Supercap (0.75 kWh)
Battery Current Battery Current
Battery Voltage Battery Voltage
• Supercapacitor (750 Wh) can handle peak power loads
and can reduce battery by 70% at identical range

94. Value Proposition for HES
100%
80%
60%
40% • 7 kWh Battery
20% • 0.75 kWh
0% Commercial
-20% ($10/Wh; 5Wh/kg)
Baseline: 22 kWh -40%
• 150Wh/kg -60%
-80% Weight Volume Cost • 7 kWh Battery
• $400/kWh
-100% • 0.75 kWh
Inmatech
($2/Wh; 15Wh/kg)
• Reduces energy storage cost by 60% and footprint by 40%
• Excellent cold weather performance (cold crank)
• Enhances battery life from less frequent cycling
• Additional cost savings from reduced cooling system

95. Technical Enablers
CV 2
E=
2
• Low-cost, high-performance
materials High Surface Area Nitride Carbide
• US 5,680,292
and Boride Electrodes and Methods of Fabrication
Thereof Nano-porosity
• US 5,837,630 High Surface Area Mesoporous
Desigel materials and Methods for Their Fabrication
V-
(-) (+) electrode
RP
electrode
• •Unique asymmetric design
US 61/392,311; PCT/US11/56007 High ˆ
mass+ C− ∆V−
=
Performance Transition Metal Carbide, Nitride ˆ
mass− C+ ∆V+
and Boride based Asymmetric
Supercapacitors ∆ V- ∆ V+
V+RP
• Safe, cheap aqueous electrolytes

96. Technical Feasibility
* Burke, ISEE’Cap09 (2009)
• Demonstrated pouch cell devices with >6 Wh/kg & >23 Wh/L
• Achieved ~2.5 F/cm2

97. Team and Partners
Dr. Saemin Choi – Co-founder & CTO
Product development Option for excl. license
Automotive experience
Prof. Levi Thompson – Co-founder
1 start-up to M&A and IPO (T/J Technologies)Early investor -
10 patents (3 options to license) Europe’s largest R&D
Dr. Stefan Heinemann – Co-founder organization
2 successful start-ups, focus commercialization
49 patents (3 licenses, 2 options)
Dr. Paul Rasmussen – Director Research
120+ patents/papers in chemistry and
macromolecular science and engineering

98. Status
• Prototype with 2 Wh/kg and 4 Wh/L
• MI based suppliers for active materials
• Federal programs secured to optimize
performance and deliver prototypes
Next Steps
• Product engineering
(e.g. Improve packaging efficiency)
• Scale-up processes
• Demonstration project

99. Ann Arbor, MI
www.skyspecs.com

100. Infrastructure is inspected
regularly to verify that it is safe
and operational

101. Current methods require
expensive and time-consuming
measures to keep workers safe.

102. Solution
Flying robots that collect information from hard
to reach places
Safe and easily operated UAVs with flexible
payloads to accommodate most non-contact
inspection tasks.

103. Visual and Non-Contact
Safely and efficiently
perform the most common
type of inspection. Close-up
Repair
Value Proposition
We’re reducing:
Time to prepare Drastic savings for
Danger to people our clients
Heavy machinery

104. Customers
Departments of Transportation
Marshal and regulate public
infrastructure inspections
Top Down
Bottom Up
Private Inspection Companies
Hired by state agencies
Private infrastructure inspections

105. Customers
“This new technology will save not only money
but will take workers out of harm’s way during
many inspection processes, and reduce delay to
the public during the inspection of public
infrastructure.”
-- Mike Trout, Executive Administrator,
Office of Aeronautics, MDOT.

106. Business Model
Service – Data collection and rental
Faster to market
Lower barriers
Sales – Vehicle, Peripherals
Modular design enables upgrades and
adaptation

107. Market Outlook
Market Growth Growth
Inspection Application
Size Rate Amt
Bridges $700M 2.1% $14.7M
Waterways $200M 2.1% $4.2M
Wind Turbines $100M 15.5% $15.5M
Total Addressable $1B $34.4M

108. Advantage
SkySpecs’ UAVs are designed for better, more reliable close
proximity flight: a keystone requirement for inspection
Competitors

109. Mass Distribution
payload
1000
1500
Grams airframe
Grams
2440
Grams battery
Estimated Flight Time - 36
min

110. New System
payload
1000
1500 Grams
Grams airframe
Flight
Time
60 min
2590
Grams
battery
Li-S vs. Li-
Po
UAV Innovation is in Battery Technology
336 vs. 182 Wh/kg

111. Leadership
Alumni of the University of Michigan
Industry Experience - Boeing, Northrop Grumman, Parker
Successful startup tenures in EDA and solar tech

112. Experience
Founded, led robotics group to successful prototype
Land
achieving 1st place on international scale.
Explor
Takeoff Enter Return Land
e

113. Service Product
In progress Prototype Release Release
Product
Nov May Jun Sep Sep
… … …
2012 2013 2013 2013 2014
Funding
Pre Seed Seed
Milestones
Motivated MDOT RFP released Q4 2012
Inspection-ready prototype Q2 2013
Service debut scheduled for Q4 2013

114. What If We Could
Inspect This Entire
Bridge In One Go?

115. Thank you
Please email us with any questions:
info@skyspecs.com
And check out our website:
www.skyspecs.com

116. • Click to edit Master text styles
–Second level
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117. • Click to edit Master text styles
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119. • Click to edit Master text styles
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127. • Click of Carbon-based Materialstext styles
History to edit Master Industry
–Second level21 st Century Discovery of Graphene leads
to 2010 Nobel Prize in Physics
– Third level20
Late th Century Carbon Nanotubes hailed
• Fourth level
Mid 20 Century
th
potential realized across industries.
–Fifth level
Early 20 Century Carbon
th
Black boom begins.
1900 2000

129. Next Michigan Energy Forum:
Future Fuels for Electricity
Generation in Michigan
December 6th, 2012
© Ann Arbor SPARK