Easenergy news page

Edited: 06/01/2006

EASENERGY ANNOUNCES ADDITION OF JEAN-PHILIPPE POIRRIER AS VICE PRESIDENT, MARKETING AND BUSINESS DEVELOPMENT

San Jose, California - June 06, 2006 - EASENERGY, a wholly-owned affiliate of Electricité de France (EDF) Group based in San Jose, California, is pleased to announce that Jean-Philippe Poirrier has joined the management team as Vice President, Marketing and Business Development. Jean-Philippe brings over 9 years of experience in Utilities and High Tech Manufacturing businesses. His experience includes marketing of high-tech solutions, developing strategic business relationships, program management of utility system deployments and applied research.
Prior to joining EasEnergy’s Management Team, Jean-Philippe was Director of Marketing at Pentadyne Power Corporation where he was involved in worldwide business development, marketing and product development planning. Pentadyne is an innovative energy storage systems manufacturer and a member of EasEnergy’s Investment Portfolio. As a marketing executive at Pentadyne, he was instrumental in finding and securing a distribution partner in Europe, Asia and other territories.
Prior to Pentadyne, Jean-Philippe held a Program Manager position at EDF RTE, the French National Transmission Grid Operator, where he was in charge of control systems deployment. Prior to EDF RTE, he worked at SNCF – the French national railway company – in the Engineering Division where he led applied research programs.
Jean-Philippe holds a Master’s degree in Electrical Engineering from the Grenoble National Polytechnic Institute (INPG) in France.
About Electricité de France (EDF)
EDF is the world's largest utility, operating a diverse portfolio of 100,000+ Megawatts of generation capacity in Europe, Latin America, Asia, the Middle-East and Africa, and serves over 46 million customers worldwide. Its subsidiary EasEnergy, Inc., located in the Silicon Valley, is designed to detect and evaluate opportunities for the EDF Group in the field of new technologies and services in North America.

For more information contact Francois Bergasse, CEO of EasEnergy Inc. at fbergasse@easenergy.com or (408) 441-0370.

Edited: 02/16/2006

PENTADYNE RECEIVES FOLLOW-ON ORDER; SIGNS EXCLUSIVE AGREEMENT WITH BEAVER AEROSPACE FOR WORLD'S LARGEST FLYWHEEL PROGRAM

Chatsworth, Calif. – February 16, 2006 – Pentadyne Power Corporation, a world class technology leader in manufacturing advanced flywheel power systems for protecting critical applications, today announced it has received a $725,000 follow-on order from Beaver Aerospace & Defense, Inc. for its advanced flywheel power systems. This DX-A2 rated order is certified for National Defense Use and is part of an existing contract to supply over 500 flywheel systems to the defense contractor during the next few years. In addition, due to the superior performance of the flywheel systems over a two-year testing period, Pentadyne will become the exclusive supplier of flywheel power systems for this Homeland Security program.
The Pentadyne VSS+dc is an advanced DC flywheel power system that provides a stable, reliable, low maintenance, extended-life DC voltage source for critical power applications. The VSS+dc, which can be seamlessly paralleled for higher power requirements, can completely eliminate the need for maintenance-laden batteries in Uninterruptible Power Supply (UPS) applications by providing sufficient ride-through for short duration power outages or until a standby engine-generator can come on line.
“Pentadyne worked with us to provide an energy storage solution, which combined ultra high reliability and a small footprint with the ability to recycle energy,” stated Fred McCrory, vice president of operations at Beaver Aerospace and Defense. "Our multi-unit trials over the past two years have confirmed the performance characteristics of the flywheel. We are very pleased with the performance of the Pentadyne product."
"We are very proud to showcase our flywheel product in such a challenging, energy recycling application," said Flint Craig, president and CEO of Pentadyne Power Corporation. "This program is an excellent complement to our core business in Uninterruptible Power Supplies and opens the door to future opportunities in energy recycling applications."
For more information on Pentadyne’s innovative flywheel systems, contact them at: (818) 350-0370 or visit their Web site at: www.pentadyne.com
About Pentadyne Power Corporation:

Pentadyne designs, manufactures and markets advanced flywheel power systems that provide high quality, reliable power for power quality sensitive customers, urban rail power recycling, and urban transportation. Whether integrated into other products or used alone, Pentadyne Flywheel Systems provide an economic, long-lasting, low maintenance, lightweight and environmentally sound power solution for a range of applications. Pentadyne is backed by leading venture capital groups and industry players including Nth Power, Rustic Canyon Partners, DTE Energy, MVV Innovations, Electricité de France, Ben Rosen (co-founder of Sevin Rosen and Chairman emeritus of Compaq Computer), and others. For more information on Pentadyne, visit www.pentadyne.com.

Beaver Aerospace & Defense, a subsidiary of Phillips Service Industries, provides ballscrew and actuator products for a variety of commercial and military aircraft as well as missiles. With eyes trained on the new and innovative, while maintaining a healthy respect for what has been proven, Beaver's engineers work with the latest design tools to create optimum ballscrew and actuator configurations for any application. For more information on Beaver Aerospace, visit www.beaver-online.com or contact the representative below.

For More Information Contact:
Jean-Philippe Poirrier
Director of Marketing
Pentadyne Power Corporation
20750 Lassen Street
Chatsworth, CA 91311
(818) 350-0370 x209 / Fax (818) 350-0385
Email: jp.poirrier@pentadyne.com

Agency Contact:
PJ Jennings
Jennings & Associates Communications, Inc.
(769) 431-7466
Email: pj@jandacommunications.com
www.jandacommunications.com

Edited: 02/14/2006

KONARKA RAISES $20 MILLION IN VENTURE CAPITAL FINANCING LED BY 3I

Established investors back energy innovator to take advantage of growing $11 billion market opportunity

Lowell, Mass. - February 14, 2006 –Konarka Technologies, Inc., an innovator in developing Power PlasticÔ that converts light to energy, announced today it has raised $20 million in venture capital financing. The financing was led by 3i, a world leading venture capital and private equity firm. Existing investors, including Draper Fisher Jurvetson, New Enterprise Associates, Good Energies, Vanguard Ventures, Partech International and Chevron Technology Ventures, also participated in the round. Konarka plans to use this round of funding to accelerate further growth, continue to execute on its global partnering strategy and to support ongoing research and development efforts.
Concurrent with the funding, Marko Maschek, partner with 3i, and Michael Ware, managing director at Advanced Capital Markets representing Good Energies, have joined Konarka's Board of Directors.
"Energy is one of the greatest problems facing the world this century. Today, less than one percent of the global energy produced comes from solar sources. With Konarka's exceptional management team and breakthrough technology, the organization is uniquely positioned to deliver innovative solar energy," said Marko Maschek, partner at 3i. "We are delighted to support the company to fulfill its vision of providing low cost, universally available sources of renewable power."
"Attracting significant funding from another tier one venture firm is a testament to Konarka's leadership team, technology and market opportunity," said Howard Berke, chairman and chief executive officer, Konarka. "We are pleased to have 3i join our group of leading investors, as well as the continued support of our existing investors. According to some analysts, the solar market represented an $8 billion opportunity in 2004, grew into an $11 billion opportunity in 2005 and could be in excess of $30 billion by the end of the decade. This funding will provide long-term financial support for ongoing process and product development, as we continue to execute upon our strategy of partnering with leading global materials, printing and product application companies."
Founded in 2001, Konarka has steadily expanded its presence. Previous funding in Konarka—$60 million since 2001—has allowed the company to make considerable advances in its photovoltaic technology, while continuing to strengthen its intellectual property (IP) position. In 2004, Konarka acquired Siemens AG's organic photovoltaic research activities, as well as its renowned scientific team. The Company also expanded and strengthened its European presence with the opening of a new center of operations, including research labs in Germany, and through a scale-up partnership with LEONARD KURZ GmbH & CO. KG. KURZ is a recognized leader in printing technology, with nine plant locations in Europe, the U.S. and the Pacific.
Based on its significant contributions to the energy market and the nanotechnology field,Konarka has been named a Red Herring Top 100 Company and was most recently awarded the Popular Mechanics Breakthrough Award for 2005. In addition, the Company has been honored for its innovation from Fast Company, the World Economic Forum, Small Times, Always On, Innovation World and Mass High Tech.
About 3i
3i is a leading international venture capital and private equity firm that was founded in 1945 to invest in buyouts, growth capital and venture capital in order to create market-leading companies. Since its inception, 3i has invested over $32 billion worldwide and has a total staff of 700 employees operating in 14 countries.
In the U.S., 3i invests in both early and late stage technology companies in the software, communications, semiconductor and healthcare sectors. 3i partners leverage over 150 years of investing and operating experience and a global network to create value for their portfolio and investment partners. With a proven track record and knowledge of venture capital investing, 3i provides hands on support and guidance in building and scaling successful businesses.
3i is a successful active early and late stage investor. It has 10 partners in its U.S. offices in Menlo Park, Calif. and Waltham, Mass. Recent investments in early stage companies include BlueLithium, Bitfone, Peerflix, Crystal IS, TransMedics, NeoGuide Systems, DAFCA, SiGe Semiconductor, Discera and OmniGuide. 3i has been equally active on the late stage, with recent investments in Vonage, Mindjet, Skystream Networks, Speakeasy, Impact Rx, Merchant e-Solutions, Placeware, Swissray, Top Layer and Vette Corp. Visit 3i and its portfolio at www.3i.com.
About Konarka Technologies, Inc.
Konarka builds products that convert light to energy – anywhere. Konarka is the leading developer of Power Plastic™, polymer photovoltaic products that provide a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications. Konarka's photovoltaic nanotechnology is focused on delivering lightweight, flexible, scalable and manufacturable products. Konarka has a broad portfolio of patents, technology licenses and an accomplished technical team. Nobel Laureate Professor Alan Heeger (UC Santa Barbara) is a director, co-founder and chief scientist for Konarka. Konarka Technologies is headquartered in Lowell, Mass., U.S.A., with European headquarters in Nuremberg, Germany, and research and development facilities in Austria and Switzerland. For more information, visit http://www.konarka.com or contact Tracy Wemett, BroadPR, at +1-617-868-5031 or tracy@broadpr.com.
All trademarks recognized.

Edited: 01/03/2006

ELECTRICITE DE FRANCE (EDF) SIGNS SERVICES AND INVESTMENTS AGREEMENT WITH WORLD ENERGY LABS

(San Francisco- Jan.3, 2006)
World Energy Labs (WEL), an emerging leader in advanced diagnostics for energy storage devices and electrochemical systems, announced today that they have entered into an agreement with Electricité de France (EDF), the world's largest utility. EDF operates a diverse portfolio of 100,000+ megawatts of generation capacity in Europe , and overseas, and serves 45 million customers in over 24 countries worldwide. Though the details of the agreement are not being made public, EDF is providing support and services to WEL and WEL expects them to become an investor and shareholder in WEL in 2006.
"Electricité de France is the perfect investor for WEL in the development of new markets. ", said Sean Salloux, Chief Executive Officer of WEL. The agreement was signed based on WEL's Interrogator flagship product that employs the company's CEL-Scan™ ( Chemical Electric Layer – Scanning) technology that tests not only the electrical, but also the chemical properties of batteries and fuel cells. “ EDF brings experience and understanding of the European and global markets to develop and support the execution of our business plan for rapid growth of WEL's CEL-Scan™ technology. EDF's experience supporting emerging energy technologies will help WEL reach a global customer base.”
“We are pleased to be working with World Energy Labs, whose technology holds the promise of significant advances in the area of battery backup and fuel cell testing and monitoring – important operational areas for EDF today and in the future”, said Francois Bergasse, CEO of EasEnergy the US-based EDF subsidiary that facilitated the deal. “The ability to apply such innovative diagnostic technologies to battery and fuel cell testing and monitoring, is very exciting for the EDF Group. At EasEnergy we are always looking for ways to work with innovative companies and support them on a global level through our experience and expertise.”

ABOUT EDF
Electricité de France is the world's largest power utility, operating a diverse portfolio of 100,000+ Megawatts of generation capacity in 24 countries serving 46 million consumers across Europe , Latin America , Asia , the Middle-East and Africa . EDF's 2003 sales were approximately $59 Billion. Its subsidiary EASENERGY, Inc., located in the Silicon Valley , is designed to detect and evaluate opportunities for the EDF Group in the field of new technologies and services in North America .
ABOUT World Energy Labs.

World Energy Labs (WEL) is a global technology leader in the commercialization of advanced diagnostic technologies for batteries, fuel cells, and other electrochemical systems. Based on WEL's patented CEL-Scan™ technology platform, their Interrogator™ line of handheld products puts the functionality of Laboratory Grade test equipment in the hands of field technicians, and is used in analyzing batteries, fuel cells, non-destructive testing, and in the biotechnology/life sciences areas. For more information please visit: www.worldenergylabs.com

Edited: 12/01/2005

CLIPPER WINDPOWER SIGNS TERM SHEET FOR ORDERS OF 134 TURBINES

Following its successful listing on AIM on 14 September 2005, Clipper Windpower plc ("Clipper" or the "Company"), a manufacturer of wind turbines and developer of wind development projects, is issuing the following trading update.

With growing recognition of the technical strengths of the Liberty turbine, and in a US market buoyed by the availability of the production tax credit and continuing high oil prices, the Company has received firm interest from a number of parties for orders for the Liberty turbine. Since the Company's admission to
AIM, we have executed term sheets with three parties for the sale of 134 Liberty turbines (335MW), excluding potential options (see below). Of these, 32 are scheduled for 2006 delivery and 102 for 2007 delivery. Negotiations on the final contracts are continuing, with the first of these expected to be signed shortly.
A non-refundable deposit has been received on 8 turbines. One of these three anticipated contracts, with a major US utility, is expected to be for 4 turbines with an option to purchase an additional 60 turbines (150MW), plus a further option to match an additional 150MW from Clipper's development portfolio.
Indications of interest outside the US are encouraging and negotiations continue with parties in Mexico, Honduras, Brazil, Canada and mainland Europe for turbine sales.
Due to the level of interest in the Liberty turbine from major electric utilities and independent project developers, the Company is reviewing the allocation of the 155 turbines (387.5 MW) we expect to deliver in 2006. Whilst the Company had anticipated that the majority of turbines produced for the year would be deployed into Clipper's own development projects, in light of the strong interest so far, Clipper now anticipates allocating a greater proportion of its turbine production to third party buyers. This has the advantage of setting the stage for earlier follow on orders from these initial buyers and provides an important signal to the market of growing confidence of third parties in the product.
Turbine component procurement activities have not revealed any impediments to reaching the 2006 production schedule of 155 turbines. At this early stage, the challenge in manufacturing is aligning the quantities of the initial batch orders of components into a smooth and orderly flow for turbine assembly and shipment by year end, and of course, matching the turbine order cash flow to the work in progress financial requirements. We are pleased to report that component costs are in line with budget.
Several electricity utilities have now completed technical due diligence on the 150MW Endeavour project and the Liberty turbine and are now in contract negotiations for turnkey sale of 90% of the project, with Clipper to retain the balance. Clipper now intends this will be the first of its own development projects to commence construction. The 100MW Criterion project may therefore be deferred until after the completion and sell-down of the Endeavour project.
Finally, we are working with an executive recruitment agency to find a suitable candidate to join as group finance director. We look forward to updating the market once we have agreed terms with the successful applicant.

Enquiries
Clipper Windpower PLC
James G.P. Dehlsen, Chief Executive + 1 805 690 3275
Colin Moynihan, Director

Edited: 10/05/2005 by EasEnergy Inc.

EASENERGY ANNOUNCES ARRIVAL OF FRANCOIS BERGASSE AS CEO

Francois Bergasse comes to EasEnergy with a mandate to build on the foundation of the successful partnering model created and implemented by the founding CEO Francois-Xavier Rongere. The strategy will focus on bringing additional value to EasEnergy’s parent company, EDF, and US energy technology and service companies. To expand EasEnergy’s portfolio of offers and companies, Francois will draw on a wealth of experience and his network in EDF’s operating divisions. Having re-engineered the procurement process at EDF, he has an in-depth appreciation of how technology is adopted and how to bring innovation to EDF.

Over his career Francois has worked in independent power plant development in Indonesia and as an entrepreneur building an energy information software company in France. Francois holds an Engineering degree from a top French university.

Effective October 10th, 2005 Francois Bergasse will assume full responsibility for the operation of EasEnergy and Francois-Xavier Rongere will remain in a consulting capacity to facilitate the transition.

“Thanks to Francois Xavier’s creativity and effort, EasEnergy represents a firm foundation from which we will continue to grow and actively partner with energy technology and service companies in the US” said Francois Bergasse.

Edited: 06/29/2005 Composite Technology Corporation

COMPOSITE TECHNOLOGY ANNOUNCES SERVICES AGREEMENT WITH ELECTRICITE DE FRANCE

IRVINE, CA, June 29, 2005 - Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC), a leading developer of high-performance composite core cables for electric transmission and distribution lines, today announced a services agreement with Electricité de France, the world’s largest power utility.

Under the terms of the agreement, Electricité de France (‘EDF’) will provide assistance and expertise to CTC for customer business development and engineering initiatives for its family of ACCC products and services applicable to the global electric utility industry.

“We are delighted to have established an agreement with the worldwide industry leader, Electricité de France. The agreement represents a significant opportunity for CTC to leverage EDF’s growing global reach of 24 countries and 47 million customers,” stated Benton Wilcoxon, CTC Chairman and CEO. “Consumers and businesses increasingly rely upon more technologies for daily operation which have substantially accelerated the need for reliable power. Our combined efforts will help bring to market the most efficient and reliable power generation and distribution system in the world.”

Investment in electricity transmission and distribution by utilities has not kept pace with demands, creating major blackouts worldwide. In the U.S. alone, blackouts cost the U.S. economy billions of dollars annually, and according to the Electric Power Research Institute have in some years exceeded $100 billion.

Transmission conductors with composite cores, as apposed to steel cores, are known to have greater current carrying capacity, allowing more power to flow in existing rights-of way. CTC’s ACCC (Aluminum Conductor Composite Core) cable can double the current carrying capacity over existing transmission and distribution cable and can dramatically increase system reliability by virtually eliminating high-temperature sag, thereby offer significant benefits to electric utility companies and ultimately to their industrial, commercial and residential customers.
Rodolphe Poiroux, Senior Vice President at Electricité de France, said, “We are pleased to be working with CTC, which has made significant advancements in cable technology that increase capacity and reliability while reducing power generation and transmission costs. CTC’s composite core utility cable and supporting technology is the necessary link to making the word’s grid operations meet today’s growing demand for energy.”
ABOUT EDF
Electricité de France is the world’s largest power utility, operating a diverse portfolio of 100,000+ Megawatts of generation capacity in 24 countries serving 46 million consumers across Europe, Latin America, Asia, the Middle-East and Africa. EDF’s 2003 sales were approximately $59 Billion. Its subsidiary EASENERGY, Inc., located in the Silicon Valley, is designed to detect and evaluate opportunities for the EDF Group in the field of new technologies and services in North America.

ABOUT CTC:
Composite Technology Corporation is an Irvine, California based company providing high performance composite core conductor cables for electric transmission and distribution lines. The novel proprietary ACCC cable is superior to existing conventional conductor products of the same diameter in a number of key performance areas, including:

Up to double the current carrying capacity of conventional cables
Virtually eliminates high-temperature sag
Uses conventional installation methods and tools
Reduces construction costs on new lines by requiring fewer structures
May be retrofitted on existing structures to increase current capacity
Non-corrosive core; no bi-metallic corrosion
Reduces line losses compared to same diameter conventional cables at same temperatures

CTC is establishing strategic relationships with existing cable manufacturers for production of its ACCC cable to facilitate deployment utilities worldwide. More information can be found at www.compositetechcorp.com or by contacting James Carswell, Director of Investor Relations, at 760-416-8628.
This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the “Reform Act”). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Composite Technology Corporation (Company). However, actual events or results may differ from the Company’s expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, general economic conditions, availability of funds for capital expenditure by customers, availability of timely financing, cash flow, timely delivery by suppliers, or the Company’s ability to manage growth. Other risk factors attributable to the Company’s business segment may affect the actual results achieved by the Company and are included in the Company’s Annual Report filed with the Commissioner on Form 10KSB for fiscal year ended September 30, 2004.