SOURCE: Hague Corp.

Hague Corp.

Hague Corp.

September 29, 2009 09:02 ET

Hague Corp.'s (OTC Bulletin Board: HGUE.OB) Wholly Owned Subsidiary Solterra Renewable Technologies Inc. Awarded "Most Promising Energy & Clean Technology Company" at Rice Alliance Energy & Clean Technology Venture Forum

HOUSTON, TX--(Marketwire - September 29, 2009) - Hague Corp.'s (OTCBB: HGUE) wholly owned subsidiary, Solterra Renewable Technologies Inc., was named one of the most promising Energy & Clean Technology companies at the 7th Annual Rice Alliance for Technology & Entrepreneurship Energy & Clean Technology Venture Forum in Houston last week. Energy & Clean Technology companies showcased their new ventures for an audience of more than 625 attendees, including investors, venture capitalists, industry representatives, business leaders, advisors/mentors, service providers, and entrepreneurs.

Solterra is singularly positioned to lead the development of truly sustainable and cost-effective solar technology as the first company to introduce a new dimension of cost reduction by replacing silicon wafer-based solar cells with low-cost, highly efficient Quantum Dot-based solar cells.

"While our competitors attempt to reduce the cost per watt by scaling up production or using less than industrial grade materials," Squires explained, "we believe our proprietary quantum dot semi conductor processing technology and technological innovations will be the keys to delivering increasingly cost effective solar cells."

Stephen Squires, CEO of Solterra, states, "I am very honored and pleased that our company has been recognized by such a prestigious group of individuals and corporations. Rice University is well known as a top entrepreneurial university. Most recently, the Princeton Review named Rice University among the top schools in America for development of entrepreneurial companies. The audience included several CEOs of Fortune 100 companies, some of the finest venture firms, and many academics from around the world. This recognition further propels Solterra by endorsing our technology and business plan."

The one day event culminated in an announcement of the Most Promising Energy & Clean Technology Companies chosen from nearly 60 competitors and judged by the Rice Alliance Information Technology Advisory Board, based on the companies' business plan presentation or elevator pitch presentations. The exercise simulates meeting an investor on an elevator and having only 90 seconds to convince them to invest in your company.

Solterra was one of just five new Energy & Clean Technology companies that were pre-selected to present their 10 minute business plan presentation at the forum, and as one of the chosen five, were also named a Most Promising Energy & Clean Technology Company.

Rice Alliance Director Brad Burke announced the winners of the Most Promising Energy & Clean Technology Company awards at the event. "Every year the quality of companies improves. Many of the companies at this year's event have developed prototypes, obtained proven results and are on their second round of funding. This makes them more appealing to investors, who have also expressed appreciation for the quality of the companies."

The Forum was supported by Chevron Technology Ventures, Energy Ventures, Shell, Kenda Capital, Huron Consulting Group, Canada Consulate General, Winstead, Leyendecker & Associates, Hart Energy Publishing with supporting organizations Greater Houston Partnership, Houston Technology Center, and Opportunity Houston and media sponsors Houston Business Journal and the BusinessMakers Radio Show.

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