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VANCOUVER, Canada (September 15, 2005) -- Chrysalix Energy Management (“Chrysalix Energy”), a global venture capital firm focused on early-stage clean energy technologies, today announced three new investments by Chrysalix Energy II U.S. Limited Partnership: Cyrium Technologies, SiM Composites and Ardica Technologies. Each company has identified new, unique, large market opportunities within the rapidly developing global clean energy industry. Cyrium Technologies is applying its proprietary nanostructures to GaAs photovoltaic (PV) solar cells, with the expectation of a dramatic increase in both efficiency and radiation hardness. “Not only are these the two key attributes to space-based markets,” said Jim Fletcher, Managing Director at Chrysalix Energy, “but the improved performance may expand terrestrial markets for GaAs-based PV modules.” SiM Composites is creating unprecedented proton exchange materials based on multifunctional silica and polymer. Mike Walkinshaw, Managing Director at Chrysalix Energy said, “We expect to see SiM’s membranes revolutionize many proton exchange membrane markets due to their improved performance and lower cost. Their technology could have a significant impact on fuel cells for stationary and automotive applications as well as membranes for water desalination”. Ardica Technologies is producing a simple, low cost fuel cell system with a unique fuelling solution, remarkable energy density and several new consumer product concepts. This innovative micro fuel cell company’s development is attracting eager potential partners. The team and early technology direction are originally from Stanford University.
For further information, please contact: Ms. Christine Bergeron About Chrysalix Energy Management: Chrysalix Energy is the General Partner of Chrysalix Energy Limited Partnership, formed in 2001, and Chrysalix Energy II U.S. Limited Partnership, formed in 2005. Chrysalix Energy invests in early-stage, technology-based clean energy companies and actively supports them with management and board assistance, technological resources, organized networking with industrial and financial partners and the management of intellectual property. Investors in the Chrysalix Energy Partnerships include Ballard Power Systems, BASF Venture Capital, BOC, The Boeing Company, Mitsubishi Corporation, Shell Hydrogen, Robeco, WestAM and Teachers’ Private Capital. To learn more about Chrysalix Energy visit www.chrysalix.com.
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