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Sopogy featured in Hawaii Venture Showcase

October 26, 2006

Sopogy presents in Hawaii Venture Showcase

Hawaii Venture Showcase

Thanks to Hawaii’s vibrant climate for technology start-ups, the Hawaii Venture Capital Association is proud to introduce a slate of new ventures to members and guests at its October 26, 2006 luncheon meeting. Several companies in different stages of growth will present their “elevator pitch” then participate in a “speed dating for entrepreneurs” session where investors, service providers and others can get acquainted with the entrepreneurs. “This is a fantastic opportunity to meet a host of new companies in the early stages of their growth cycle,” said Bill Spencer, President of the Hawaii Venture Capital Association. “We do not hear much about technology start-ups until they are more established. These companies all have cutting edge technologies and are very exciting to learn about at this point in their life cycle,” he said.


Companies on the roster include Labels That Talk, It’s All About Kids, Sopogy, Honua Power, SeeRescue and Williams Aerospace. The companies will give a short “elevator pitch”, which in essence is what an entrepreneur would say to a prospective investor if they found themselves in an elevator with only a few minutes to discuss the high points of their business plan. The “speed dating for entrepreneurs” session allows as many people as possible to meet the entrepreneur after they give their pitch. The Hawaii Venture Capital Association membership and meeting attendees usually include a balanced mix of angel investors and service providers from the legal, accounting and staffing community. Although meetings allow ample time for introductions and networking, this more formalized session is designed to maximize interaction between entrepreneurs seeking investment and services and those who can possibly meet some of these needs. Another important aspect of the event is to showcase companies at different stages of the venture finance continuum. Some companies are very early stage, others have received financing, but are raising additional rounds.

2006 High Technology Leaders of the Year

October 21, 2006

October 21, 2006: Darren T. Kimura is awarded a 2006 High Technology Leader Award.
High Tech Leaders 6th Annual Technology Industry Awards signify professionals who have made significant contributions to Hawaii’s high technology industry.

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Left to Right:
Brian Kealoha, Sopogy Advisor
Darren T. Kimura, Founder, Sopogy
Jon Riki Karamatsu, Representative, Majority Whip
Miles Kubo, Sopogy Advisor
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Left to Right
Sandi Kanemori, HTDC
Darren T. Kimura, Founder, Sopogy
Sandy Park, HTDC

Sopogy featured by Hawaii Business Magazine

October 10, 2006

Hawaii Business Magazine - Sopogy

Sun Of A Gun

By Trifonovitch, Kelli Abe

LOCAL ENTREPRENEUR DARREN KIMURA HAS ANOTHER bright idea. The founder of Energy Industries (EI), a national provider of energy services, has pumped $800,000 of the company’s money into Sopogy, a startup that has developed a proprietary solar technology best suited for coastal climates with high humidity. Places like Hawaii.

In fact, at the time of this writing, Kimura was on track to close a $1.5 million round of funding and gearing up for an October groundbreaking on a demonstration project at the Natural Energy Laboratory of Hawaii (NELHA) in Kona. Sopogy’s specially-designed panels capture solar heat and focus that energy into a tube of heat- transfer fluid. The super-heated fluid passes through a turbine to produce electricity. The process can also create other products, such as drinking water, hot water, air conditioning, steam and hydrogen.

Investors have taken notice.

“We’ve had so much interest from [Silicon] Valley, it’s been absurd,” says Kimura. “We’ve had term sheets worth millions of dollars, but they also want you to move to the valley.” So, he hasn’t signed them. Kimura is passionate about keeping Sopogy in Hawaii, for now. For the future, he intends to follow the sun.

Kimura notes that one of the the largest IPO of 2005 was a solar company called Suntech Power Holdings (NYSE: STP), and the man who took it public “is now the richest man in China.”

Copyright Hawaii Business Publishing Corp. Oct 01, 2006

(c) 2006 Hawaii Business. Provided by ProQuest Information and Learning. All rights Reserved.

Source: Hawaii Business