press releases

The Cleantech Index (CTIUS) adds design software and Asian wind power leaders to portfolio  

Autodesk and China High Speed Transmission Join Cleantech Index


New York – September 29, 2008 - The Cleantech Group, LLC, in conjunction with the American Stock Exchange (AMEX), today announced the quarterly rebalance of its Cleantech Index™ (AMEX: CTIUS), effective September 29, 2008.

As part of the rebalance, Hong Kong-based China High Speed Transmission (Hong Kong: 658.HK) and Autodesk (NASDAQ: ADSK) will join The Cleantech Index.  They will replace Xantrex (XTX.TO) which is being acquired, Christ Water Technology (CWT.VI), and Comverge (COMV).

The changes will also be reflected in the exchange-traded funds (ETFs) based upon CTIUS: the PowerShares Cleantech Portfolio ETF (AMEX: PZD) and the KSM Cleantech ETF in Israel (Ticker: KSCUS.15). 

“We chose both companies for their growth, industry leadership, impact, and track record,” said Rafael Coven, Managing Director of Cleantech Indices for the Cleantech Group, LLC, and Index Advisor. 

California-based Autodesk is a leading provider of engineering design and prototyping software. Autodesk software enables architects, engineers, and industrial designers to conceptualize, create, and develop cutting-edge products and buildings rapidly, with less waste and, increasingly, to incorporate attributes of sustainability throughout the process. 

China High Speed Transmission, also called C-Transmission, is a rapidly growing and profitable manufacturer of large, mechanical power transmission equipment – particularly for wind-power turbines (over half its business), as well as marine propulsion and industrial applications. C-Transmission is well-positioned to take advantage of the global shortage of wind-turbine gear boxes and is currently developing models for 2.5 and 3.0 megawatt turbines.

The Cleantech Group’s Cleantech Index is the first, and only, equity index to offer investors and index licensees an easy, liquid, and cost effective way to track and invest in the broad cleantech category. Unlike indices that specifically track narrow sectors such renewable energy or water, the Cleantech Index includes leading companies from a broad range of sectors such as advanced materials, agriculture, transportation, manufacturing, in addition to energy efficiency, renewables and water. For more information visit: www.cleantechindex.com
Contact: indexinfo@cleantech.com

About Cleantech Group, LLC
The Cleantech Group pioneered the cleantech investment category in 2002. Today, it accelerates the development and market adoption of clean technologies globally through membership in the largest global network of investors and companies representing more than $3 trillion in assets. Member investors, growth companies/vendors, enterprises, service providers, and others receive access to capital, investment deal flow, market leading research and data, insight, sales leads, human capital, and promotional opportunities. The Cleantech Group also produces the premier Cleantech Forum events worldwide. Details at http://www.cleantech.com.

“Cleantech” Defined
Cleantech products, services and processes provide superior performance at lower costs while greatly reducing or eliminating negative ecological impact, at the same time as improving the productive and responsible use of natural resources.