CLEANTECH VENTURE NETWORK LAUNCHES CLEANTECH EUROPE

Organization Names Sixteen Founding Investor Members; Cleantech Venture Forum VII to be held in Paris, May 17-19

FOR IMMEDIATE RELEASE


Howell, MI - April 25, 2005 - Cleantech Venture Network LLC, an organization that connects private equity, corporate and institutional investors with "clean technology" entrepreneurs, announced today the launch of Cleantech Europe, and the organization's first European event, Cleantech Venture Forum VII, to be held next month at the Intercontinental Hotel in Paris, May 17-19.

"While Europe has always provided the cleantech segment with strong public support and world-class technology, private equity investment in this area has lagged behind North America. With the combination of rising commodity prices, including oil, along with declining returns derived from traditional private equity investment categories, now is the time to begin building a vibrant cleantech venture community in Europe," said Nicholas Parker, co-founder and chairman of Cleantech Venture Network LLC. "We are delighted to announce the sixteen founding investor members of Cleantech Europe who will also comprise our distinguished European Advisory Board. With their support we are also excited to introduce our successful Forum series to Europe."

"CDC Entreprises-FP Gestion believes cleantech is the emerging segment to watch for long-term investors here in Europe and around the world," said Olivier Dupont, Directeur Général Délégué, CDC Entreprises-FP Gestion. "Cleantech Europe's founding members and advisory board includes some of the top financial institutions in Europe, including emerging investment leaders in the cleantech space. We all look forward to a successful introduction of Cleantech Europe to the European market."

Cleantech Venture Network LLC - European Advisory Board

CHAIRMAN - Olivier Dupont - CDC Entreprises-FP Gestion
Even Bakke - BankInvest
Jean-Michel Barbier - TechFund Capital Europe
Dominique Bernier - EDF
Gina Domanig - SAM - Sustainable Asset Management
Jennifer Hall Thornton - Climate Change Capital
Kim Heyworth - WHEB Ventures
Peter Horsburgh - The Environmental Technologies Fund
Jacques Lilli, European Investment Fund
Andrew Musters - Robeco
Dr. Jos B. Peeters - Capricorn Venture Partners
Russell Pullan - The Carbon Trust
Christian Reitberger - Apax Partners
Samer Salty - Zouk Ventures
Ian Simm - Impax Asset Management
Alex Tham - Hydro Technology Ventures

At the Cleantech Venture Forum, attendees hear presentations from companies in the cleantech industry, network with key investors including angel investors, venture capitalists, fund managers, investment bankers and corporations, and take advantage of the very latest information and research on investment opportunities from leading thinkers on cleantech innovations and trends.

About the Cleantech Venture Network, LLC
The Cleantech Venture Network LLC is an organization that connects private equity, corporate and institutional investors with "clean technology" entrepreneurs, through related information products, online services and the Cleantech Venture Forum series of events. We serve over 600 affiliate investor member firms worldwide. We have tracked more than $3.6 billion invested in cleantech ventures since 2002, of which nearly $275 million has been raised by Forum-presenting companies. Further information can be found at www.cleantech.com or by calling (+1) 517-223-9607.

Cleantech Venture Network invites companies and investors engaged in commercializing or investing in clean technologies to apply for membership as a Company or Investor. Companies should contact Lauren Bigelow at lauren@cleantech.com and investors should contact Cheryl Blain at cheryl@cleantech.com.

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