SOURCE: Pentadyne Power Corporation

January 29, 2007 15:23 ET

Pentadyne CEO Addresses Annual Meeting of World Economic Forum

CHATSWORTH, CA -- (MARKET WIRE) -- January 29, 2007 -- Addressing select attendees at the World Economic Forum (www.weforum.org) in Davos, Switzerland, Mark McGough, President and CEO of Pentadyne Power Corporation (www.pentadyne.com), the world's leading commercial manufacturer of clean energy storage systems using advanced composite flywheel technology, thanked the World Economic Forum (WEF) for designating Pentadyne as a 2007 Technology Pioneer.

The WEF is a non-profit foundation incorporated in 1971 and funded by the world's foremost corporations to further economic growth and social progress. WEF has non-governmental organization consultative status with the United Nations' Economic and Social Council.

The WEF Technology Pioneers are companies identified by the Forum as developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology, health and information technology. The 2007 Technology Pioneers -- recognized in recent issues of Time and Red Herring magazines -- are selected by a panel of leading technology experts appointed by the WEF to recognize innovations that have the potential for a long-term positive impact on business and society.

In his address McGough said, "Highly reliable 7x24 backup power systems are used by a diverse range of businesses needing continuous power, including large data centers, financial institutions, hospitals, broadcast facilities and military sites around the world.

"The number one problem with traditional UPS systems is the reliability of the lead-acid battery systems used for energy storage. The primary reason a UPS system is purchased is for reliable backup power, and batteries are notorious for being 'the weakest link.'

"Secondly, users complain about the frequent replacement costs and increasingly difficult disposal requirements associated with dumping the massive amounts of lead and acid contained in batteries.

"Pentadyne makes clean energy storage systems that keep businesses online far more reliably than UPS batteries, doing so with less environmental impact and at a lower lifetime cost.

"The environmental benefit is significant: over the course of its 20-year design life, one of our flywheels will save the environment from more than 15,000 pounds of lead disposal. For the same period, the energy saving of one Pentadyne system -- which is nearly ten times more energy efficient than its nearest competitor -- is enough to power more than 10,000 average homes for a year.

"The energy efficiency and near zero hardware maintenance requirements of the Pentadyne clean energy system can save an institution four to eight times its cost over the life of the system.

"Last year, we introduced a completely enhanced product that delivers 50 percent more power capacity with no increase in footprint, weight or price to the end user. Six months after that introduction, we had booked more than $8 million in new orders. With reduced cost of goods, this new product is gross margin positive. And that's nearly unheard of in our sector.

"In a separate development last year, we worked with Sun Microsystems, HP, IBM and other industry giants in a test project with the US Department of Energy's Berkeley Lab that proved powering data centers with DC current, as opposed to today's DC/AC/DC architecture, can cut energy waste and power bills at data centers around the world by 20% or more," McGough said.

He concluded by saying, "Thank you for recognizing Pentadyne Power Corporation as a World Economic Forum Technology Pioneer."

About Pentadyne Power Corporation

An ISO-9001-certified company, Los Angeles based Pentadyne designs, manufactures and markets clean energy storage systems using a high-strength advanced carbon-fiber flywheel to ensure power quality and continuity for mission-critical operations at industrial, commercial, healthcare and military facilities in North America and abroad. Integrated into UPS systems -- with or without battery-based energy storage -- award-winning Pentadyne flywheel systems provide an economic, long-lasting, low maintenance, lightweight and environmentally responsible back-up power solution without any hazardous chemicals or other safety concerns. The company is backed by leading venture capital groups and power industry leaders including Nth Power, Rustic Canyon Partners, DTE Energy, Energy InnovationsPortfolio, Electricité de France, Ben Rosen (co-founder of Sevin Rosen Funds and Chairman emeritus of Compaq Computer) and others. Pentadyne OEM systems are marketed in the Americas by Emerson Network Power (www.emersonnetworkpower.com) under the Liebert (www.liebert.com) brand and by Socomec Sicon (www.socomec.com) in Europe, the Middle East, Africa and Asia.

About the World Economic Forum

The World Economic Forum, based in Geneva, Switzerland, is an independent organization committed to improving the state of the world. Funded by the contributions of 1,000 of the world's foremost corporations, the Forum acts in the spirit of entrepreneurship in the global public interest to further economic growth and social progress. The Forum serves its members and society by creating partnerships between and among business, political, intellectual and other leaders of society to define, discuss and advance key issues on the global agenda. Incorporated in 1971 as a foundation, the World Economic Forum is impartial and not-for-profit, and is tied to no political, partisan or national interests. In 1995 the Forum was awarded NGO consultative status with the Economic and Social Council of the United Nations.

Editors:

Announcement of Pentadyne being designated a WEF 2007 Technology Pioneer is at: www.pentadyne.com/News2006Dec04.htm

Details of Pentadyne's involvement in the DOE Berkeley Lab data center DC distribution project are at: www.pentadyne.com/News2006June21.htm

Information on the Pentadyne VSS+DC clean energy storage product is at: www.pentadyne.com/spec_vssdc_plus.htm

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