Sopogy is named Deal of the Year by Hawaii Venture Capital Association

January 25, 2008

Hawaii Venture Capital Association

PRESS RELEASE

FOR IMMEDIATE RELEASE

Date: 1/25/08

Subject: Sopogy is named Deal of the Year by Hawaii Venture Capital Association

Contact: Darren T. Kimura, CEO

Tel: (808) 833-4747

Email: dkimura@sopogy.org


Sopogy is named Deal of the Year by Hawaii Venture Capital Association

Honolulu, HI – In a ceremony on January 24, 2008, Sopogy, Inc. manufacturer of MicroCSP concentrating solar power technologies was awarded as the “Deal of the Year 2007” by the Hawaii Venture Capital Association. “We honor the entrepreneurs whose companies raised a significant amount of venture capital or concluded a major strategic investment or liquidity event,” said Bill Spencer, HVCA President. “These entrepreneurs deserve credit for their accomplishments in demonstrating that they can build world class companies in Hawaii,” he said.

This year’s Deal of the Year winner is Sopogy founded by entrepreneur Darren Kimura. Sopogy has pioneered the Sopogy Energy System which incorporates the proven concept of concentrated solar power to the distributed power generation market. Sopogy’s concentrated solar power collectors that operate on buildings and small utility deployments and are the most robust solar technology on the market today. The company raised a large funding round from local and mainland venture capital firms qualifying it for the top Deal of the Year honor.

“Sopogy represents the best and brightest of a new breed of Hawaii Clean-Tech companies who are not only committed to the next generation of clean energy systems but green business practices that reflect the highest standards of corporate responsibility” said Bill Spencer.

“With a nearly perfect compliment of natural energy resources, Hawaii is becoming the hub of Clean Technology research and deployment.   Sopogy is honored to be recognized by HVCA and proud to represent the State of Hawaii in our quest to combat the effects of global warming while helping our customers reduce their energy costs.” Said Darren T. Kimura, President and CEO of Sopogy, Inc.

About Sopogy

Sopogy specializes in MicroCSP solar technologies that brings the economics of large solar energy systems to the industrial, commercial and utility sectors in a smaller more cost effective package. Please visit www.sopogy.org for more information.

About Hawaii Venture Capital Association

The Hawaii Venture Capital Association, founded in 1988, is Hawaii’s oldest private non-profit economic development organization devoted to entrepreneurship and capital formation.

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