Cleantech Venture Forum IV attendees select thingap motor technologies as "most promising company"

Award Presented at World’s Largest Clean Technology Financing Event to Company with Most Significant Market Potential

• SAN FRANCISCO, Calif., APRIL 29, 2004 – Cleantech Venture Network, a market
• facilitation service dedicated to accelerating the growth of venture investments in clean
• technology companies, today announced the recipient of its “Most Promising Company”
• award, presented during the Cleantech Venture Forum IV in San Francisco. The winner
• for this season’s Forum, held semi-annually in the spring and fall, was Ventura, Calif.-
• based ThinGap Motor Technologies. The “Most Promising Company” award, selected
• by more than 350 investors attending the Forum, recognizes the presenting company
• whose business plan offers the most potential for successful execution.
•  
• “I continue to be impressed by the level of innovation and sophistication demonstrated
• by the presenting companies at the Cleantech Venture Forum,” said Nicholas Parker, cofounder
• and chairman of Cleantech Venture Network. “This week, our attendees selected
• ThinGap as a stand out from the event’s impressive field of participants. On behalf of all
• our Forum attendees, I congratulate ThinGap on being selected as the Most Promising
• Company and wish them continued success in the market.”
•  
• About the “Most Promising Company” Winner
• ThinGap Motor Technologies (www.thingap.com) is engaged in the business of research,
• development, sales and marketing of patented ThinGap electromotive coil technology.
• The company’s brush and brushless motor coil technology sets new standards for
• electrical efficiency, power-to-weight ratios, manufacturability and other performance for
• addressing a $40 billion global motor technology market. Electric motor systems account
• for 55 percent of all electricity consumed in the United States and almost 70 percent of
• manufacturing sector electricity consumption. Even a small improvement in electrical
• efficiency can save billions of dollars around the world. ThinGap’s proprietary motors
• are more powerful, more efficient and more robust than those currently on the market.
•  
• About Cleantech Venture Forum
• Cleantech Venture Forum is a semi-annual event held each spring and fall on the East
• and West Coasts. A “Who’s Who” of investors from venture capital firms, corporations,
• fund management and private wealth attend the event – the largest gathering of investors
• interested in clean technology investment opportunities. During the event, attendees hear
• presentations from companies in the clean technology industry, participate in meetings
• with key investors including business angels, venture capitalists, fund managers,
• investment bankers and corporations and take advantage of leading-edge information and
• research on the investment opportunities from leading thinkers on clean technology
• innovations and trends.
•  
• Lead sponsors for the event include Heller Ehrman White & McAuliffe LLP and
• EnerTech Capital. Other sponsors include Wilson Sonsini Goodrich & Rosati, Cinergy
• Ventures, Technology Partners, Rockport Capital Partners, NGEN Partners, Asia West
• Fund, Expansion Capital Partners, Braemar Energy Ventures, Nth Power, Carbon Trust,
• Global Environment Fund, Sustainable Development Technology Canada, DTE Energy
• Ventures, Garage Technology Ventures, EPRI, Clean Edge Inc., Investor’s Circle, Green
• Power Magazine, Matter Communications, Angeleno Group, SustainableBusiness.com
• and EIN Publishing.
•  
• About Cleantech Venture Network
• The Cleantech Venture Network (Cleantech) is a grouping of member investors managing over
• $3 billion in cleantech venture assets. The company believes “clean technologies” – from solar
• energy to water purification – are the next and necessary wave of venture investing. Cleantech
• introduces promising young companies to investors and investors to quality deal-flow. The
• company has developed a community of money managers, business executives, professional
• advisors, and other stakeholders active in the clean technology venture arena. Cleantech
• organizes venture forums, provides deal flow, publishes a quarterly venture monitor and offers
• related services to investors and entrepreneurs. Cleantech benefits from the expertise and
• counsel of an advisory board comprised of representatives from 14 leading venture capital and
• service provider firms specializing in clean technology. More about the company can be found
• at www.cleantechventure.com or by calling 517-223-9607.