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.

Press Release – Dr. Al Yuen is named Director of Corporate Development

January 6, 2008

PRESS RELEASE

FOR IMMEDIATE RELEASE

Date: 1/5/08

Subject: Sopogy names Al Yuen, Ph.D. Director of Corporate Development

Contact: Sopogy Corporate Communications

Email: media@sopogy.org


Sopogy names Al Yuen, Ph.D. Director of Corporate Development

Honolulu, HI – Sopogy, Inc. manufacturer of MicroCSP™ solar technologies announced the appointment of Al Yuen, Ph.D. as Director of Corporate Development. Based in San Jose, California, Yuen will oversee corporate growth, marketing and strategic planning. He will report directly to President and CEO Darren T. Kimura.

Most recently Yuen served as General Manager of Coherent Semiconductor (NASDAQ: COHR). Prior to his time at Coherent he was the VP of Sales and Marketing of Emcore Corporation (NASDAQ: EMKR). He also spent 12 years with Hewlett Packard Corporation (NYSE: HP) and recently authored “Bill & Dave’s Memos” a book based on the writings of Bill Hewlett and Dave Packard.

Yuen is a seasoned entrepreneur founding 2 Silicon Valley based start-up companies, raising over $30 million in venture financing and taking both start-ups from conception to revenue.

“Al is a very accomplished entrepreneur and is recognized for his ability to establish and preserve company culture while achieving growth and financial excellence. We are excited that someone of his caliber recognizes the value of Sopogy’s unique technology and thrilled that he has accepted the challenge to bring our concentrated solar products to market” said Darren T. Kimura, CEO.

Yuen earned his B.S. in Electrical Engineering and Computer Science from the University of California, Berkeley and his M.S. and Ph.D. in Electrical and Computer Engineering from the University of California, Santa Barbara.

About Sopogy

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

Sopogy names Tim Wong Chief Financial Officer

October 15, 2007

PRESS RELEASE
FOR IMMEDIATE RELEASE 

Date:            10/15/07
Subject:        Sopogy names Tim Wong Chief Financial Officer
Contact:        Sher Komoda, Communications
Tel:              (808) 833-4747                  
Email:          
skomoda@sopogy.org

Sopogy names Tim Wong Chief Financial Officer


Honolulu
, HI
– Sopogy, Inc. manufacturer of MicroCSP™ solar technologies announced today that Tim Wong, CPA has been named Vice President and Chief Financial Officer for the company.  Based in Honolulu, Wong will oversee all financial, accounting, human resources and administrative functions for the company and will report directly to President and CEO Darren T. Kimura.

Wong previously served as Treasury Analyst for Hawaiian Electric Company (NYSE: HE) where he participated in the company’s largest bond refinancing in 2007.   Prior to his time at Hawaiian Electric he served as assistant controller for Spirent Communications (LSE: SPT) and as Assistant Vice President at Central Pacific Bank (NYSE:CPF).  He began his career at KPMG where he served as senior auditor and received his Certified Public Accounting (CPA).  

“We are very happy to have Tim join team Sopogy.  His deep experience in the financial world combined with his real life understanding of facility management makes him a rare and important asset which will tremendously increase the value of Sopogy’s products and services” said Darren T. Kimura, CEO.

Wong is certified as a Real Property Administrator (RPA) and earned his B.B.A. in Accounting and B.B.A. in Management Information Systems from the University of Hawaii at Manoa. 

About Sopogy

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

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Sopogy to Test Solar Power Technology in North Idaho

August 21, 2007
Sopogy Press Release
PRESS RELEASE

FOR IMMEDIATE RELEASE

Date: August 21, 2007

Subject: Sopogy

Contact: Jim Maskrey, Vice President of Business Development

Tel: (808) 457-5703

email: jmaskrey@sopogy.org

Sopogy to Test Solar Power Technology in North Idaho

August 21, 2007

Spokane, Wash. – Sopogy, Inc. of Honolulu, Hawaii, will deploy its concentrating solar power (CSP) technology at the Avista Clean Energy Test Site located in Rathdrum, Idaho. The trial is to demonstrate how Sopogy’s system will perform in a northern climate, generating power on a utility grid scale.

Avista, a Spokane based electric and natural gas utility company, created the Clean Energy Test Site to allow for deployment and testing of emerging renewable energy technologies. Ultimately the applications could provide additional renewable energy for utility customers.

Sopogy’s MicroCSPTM is designed to provide thermal energy as process heat, generate electricity, or provide air conditioning in areas with the right solar conditions. Many areas of the Northwest have long days and clear summer skies and a summer daytime peaking load, an ideal condition for MicroCSPTM technologies.

“This is an exciting step toward helping to accelerate distributed generation and wider use of renewable energy. Sopogy, Inc. is proud to be bringing the proven economics of Concentrated Solar Power to the Pacific Northwest” said Darren T. Kimura, president and CEO of Sopogy, Inc.

“Avista welcomes Sopogy to the Clean Energy Test Site,” said Roger Woodworth, Avista vice president for Sustainable Energy Solutions. “We are looking forward to working with them to prove out the merits of this technology, both on our system and in our region.”

At full deployment Sopogy plans to produce up to 50 kilowatts of electric power that will be integrated onto the Avista grid. The highest output of the Sopogy systems is expected to coincide with the peak demands of the utility’s high summer daytime load.

The initial phase of the Sopogy test deployment will begin in mid-September, with full deployment targeted for the summer of 2008.

Concentrated Solar Power (CSP) has been reliably used in the U.S. for over 30 years. These systems have been engineered for desert locations covering hundreds of acres and producing power very cost effectively. Sopogy’s technology shrinks desert CSP bringing this renewable energy opportunity to a commercial, industrial or on-site power application.

(Avista Vice President Roger Woodworth and Sopogy President Darren T. Kimura)

About Sopogy, Inc.
Sopogy, Inc. is dedicated to enabling the renewable energy economy by dramatically increasing energy production through widespread use of its Concentrated Solar Power (CSP) technologies. Sopogy offers a cost-effective method for producing process heat used to create electricity, air conditioning, steam and hot water.

For detailed information about Sopogy’s MicroCSPTM technology, please visit www.sopogy.org

Mr. Jonathan Ishikawa joins Sopogy as Project & Vendor Channel Manager

August 1, 2007

FOR IMMEDIATE RELEASE
Date: August 1, 2007
Subject: Mr. Jonathan Ishikawa joins Sopogy as Project & Vendor Channel Manager

Contact: Darren T. Kimura, President and CEO
Tel: ( 808 ) 216-3478
Email: dkimura@sopogy.org
Jonathan Ishikawa Joins Sopogy as Project & Vendor Channel Manager
Honolulu, HI – Sopogy, Inc. announced today that Mr. Jonathan Ishikawa has joined the company as its Project Manager & Vendor Channel Manager.  Prior to joining Sopogy he was a Project Manger and Business Development Manager at Pipeline Communications & Technology, Inc.  He holds a Bachelors of Science in Mechanical Engineering and Biomedical Engineering from Washington University ( St. Louis ) and is a current member of the Hawaii Army National Guard.
About Sopogy, Inc.
Sopogy, Inc. ( www.sopogy.org ) is a Hawaii based solar technology company founded by Energy Laboratories the “think-tech” incubator of Energy Industries.  Sopogy is a manufacturer and developer of Concentrated Solar Power ( CSP ) technologies that increase the effectiveness of solar energy. Sopogy offers a cost-effective method for producing renewable electricity, drinking water from sea water and air conditioning from the power of the sun.
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For additional information about Sopogy, Inc., please contact Darren Kimura, President & CEO at ( 808 ) 216-3478.

State of Hawaii approves $10 million dollars for Sopogy Solar Farm Bonds

June 29, 2007
Sopogy Press Release
PRESS RELEASE
FOR IMMEDIATE RELEASE

Date: June 29, 2007

Subject: State of Hawaii approves $10 million dollars for Sopogy solar farm bonds

Contact: Darren T. Kimura, President and CEO

Tel: (808) 216-3478

email: dkimura@sopogy.org

State of Hawaii approves $10 million dollars for Sopogy Solar Farm Bonds

Honolulu, HI – Sopogy, Inc. announced today it received Governor Linda Lingle’s approval for the issuance of special purpose revenue bonds. Act 229 authorizes the issuance of $10,000,000 in special purpose revenue bonds to Sopogy Inc., to assist with planning, designing, constructing, equipping and operating a solar farm power plant at the Natural Energy Laboratory of Hawaii Authority or another suitable site in Hawaii.

“This is an important step in supporting renewable energy and helps break Hawaii’s bonds to imported fossil fuels. We commend the leadership and vision of Vice Chairman Jon Riki Karamatsu who authored the bill, the 2007 Hawaii State Legislature, and Governor Linda Lingle” said Darren T. Kimura, President and CEO of Sopogy Inc.

NELHA (Natural Energy Laboratory of Hawaii) is an important location for this project as it has some of the highest solar energy of any coastal location in the USA. With new technology companies seeking its unique deep ocean water comes new electric power needs. “Sopogy’s clean power solutions will help NELHA continue to grow, while achieving the energy park’s mission and focus on natural energy. We are excited to lead the next generation of renewable energy research at the park and look forward to working with Hawaiian Electric in making this clean solar power project a reality” added Kimura.

About Sopogy, Inc.

Sopogy, Inc. (www.sopogy.org) is dedicated to enabling the renewable energy economy by dramatically increasing energy production through widespread use of its Concentrated Solar Power (CSP) technologies. Sopogy offers a cost-effective method for producing process heat used to create electricity, air conditioning, steam and hot water.

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For additional information about Sopogy, Inc., please contact Darren Kimura, President & CEO at (808) 216-3478 .

Dr. Sri Vemuri Joins Sopogy as Lead Applications Engineer

June 6, 2007

 June 06, 2007 – Subject: Dr. Srinivas Vemuri joins Sopogy as Lead Applications Engineer

Srinivas Vemuri, Ph.D. Joins Sopogy as Lead Applications Engineer

Sopogy, Inc. announced today that Dr. Srinivas Vemuri has joined the company as its Lead Applications Engineer. Dr. Vemuri has more than 10 years of experience in the engineering and researching field. Prior to joining Sopogy he was a Mechanical Engineering at Notkin Hawaii Inc.

He holds a Bachelors in Mechanical Engineering from the Bangalore University (India) with 1st class honors, a Masters in Mechanical Engineering from the University of New Orleans, and a PhD in Mechanical Engineer from University of Nevada (Reno).

For additional information about Sopogy, Inc.,
please contact Darren Kimura,
President & CEO at               (808) 216-3478     

 

Contact: Darren T. Kimura, President and CEO
Tel:               (808) 216-3478       
Email: dkimura ( @ ) sopogy dot com

Sherrilyn Komoda Joins Sopogy as Office Manager

April 30, 2007

Sherrilyn Komoda Joins Sopogy as Office Manager
Honolulu, HI – Sopogy, Inc. announced today that Sherrilyn Komoda has joined the company as its Office Manager.  Prior to joining Sopogy, Ms. Komoda spent nearly five years at Energy Industries as the Hawaii Sales Manager overseeing 8 Sales Representatives on 4 islands.  In her role as Hawaii Sales Manager, Sherrilyn was instrumental in establishing and maintaining some of the company’s largest accounts.

About Sopogy, Inc.
Sopogy, Inc. ( www.sopogy.org ) is a Hawaii based solar technology company founded by Energy Laboratories the “think-tech” incubator of Energy Industries.  Sopogy is a manufacturer and developer of Concentrated Solar Power ( CSP ) technologies that increase the effectiveness of solar energy. Sopogy offers a cost-effective method for producing renewable electricity, drinking water from sea water and air conditioning from the power of the sun.

About Sopogy, Inc. Sopogy, Inc. (www.sopogy.org) is a Hawaii based solar technology company founded by Energy Laboratories the “think-tech” incubator of Energy Industries. Sopogy is a manufacturer and developer of Concentrated Solar Power (CSP) technologies that increase the effectiveness of solar energy. Sopogy offers a cost-effective method for producing renewable electricity, drinking water from sea water and air conditioning from the power of the sun.

Henry Montgomery Joins the Board of Directors of Sopogy, Inc.

March 22, 2007

Sopogy Press Release

PRESS RELEASE

FOR IMMEDIATE RELEASE

Date: March 22, 2007

Subject: Henry Montgomery joins Sopogy, Inc’s Board of Directors

Contact: Darren T. Kimura, President and CEO

Tel: (808) 216-3478

email: dkimura@sopogy.org

Henry Montgomery Joins Sopogy, Inc’s Board of Directors

Honolulu, HI – Sopogy, Inc. announced today that Henry Montgomery has joined its board of directors. Mr. Montgomery has more than 40 years of experience in financial and corporate management, and currently is the chairman and founder of Montgomery Professional Services Corporation. He has held various positions in many high-tech companies including Theta Microelectronics, Spectrian Corporation, Pinnacle Micro, SyQuest Technology, Memorex Corporation, Fairchild Camera and Instrument Corporation. He also held positions with McKinsey & Company and Arthur Andersen & Company. Montgomery is currently chairman and audit committee member of Swift Energy Company, chairman of the board and audit committee chairman of Catalyst Semiconductor, Inc. and is on the Board of Directors of QuickLogic Corporation. He’s also active in a number of civic and academic organizations and recently co-authored “Enron Provides Lessons on Audits for Accountants and Public Companies” for the Washington Legal Foundation, and “Directors Need to Set the Tone” for the Silicon Valley Biz Ink. He holds a BA degree in Economics from Miami University in Oxford , Ohio.

About Sopogy, Inc.

Sopogy, Inc. (www.sopogy.org) is dedicated to enabling the renewable energy economy by dramatically increasing energy production through widespread use of its Concentrated Solar Power (CSP) technologies. Sopogy offers a cost-effective method for producing electricity and by-products that include steam, desalination, hydrogen, absorption cooling and hot water heating.

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For additional information about Sopogy, Inc., please contact Darren Kimura, President & CEO at (808) 216-3478 .

Jim Maskrey joins Sopogy as Vice President of Business Development

February 2, 2007

Sopogy Press Release

PRESS RELEASE

FOR IMMEDIATE RELEASE

Date: February 2, 2007

Subject: Jim Maskrey joins Sopogy as Vice President of Business Development

Contact: Darren T. Kimura, President and CEO

Tel: (808) 216-3478

email: dkimura@sopogy.org

Jim Maskrey Joins Sopogy as Vice President of Business Development

Honolulu, HI – Sopogy, Inc. announced today that Jim Maskrey has joined the company as its Vice President of Business Development. Mr. Maskrey has more than 25 years of experience in solar and energy technologies, and was most recently the manager of Hawaiian Electric Company’s Demand Side Management program for commercial and industrial customers. In this role he was responsible for the issuance of energy efficiency rebate incentives for customers who implemented efficient technologies. Prior to Hawaiian Electric he was the business development manager of DMC a national energy management company. He began his career at the Solar Energy Research Institute which is now known as the National Renewable Energy Laboratories. Mr. Maskrey is active in Hawaii’s energy community as the President of Rebuild Hawaii Consortium, Chair of the Environmental Committee of the Chamber of Commerce of Hawaii and is a member of the Hawaii Electricity Reliability Advisory Committee. He holds a Masters of Environmental Planning degree from Arizona State University, his Masters in Business Administration from the University of Hawaii and a Bachelors of Arts from the University of California at Santa Barbara.

About Sopogy, Inc.

Sopogy, Inc. (www.sopogy.org) is a Hawaii based solar technology company dedicated to enabling the renewable energy economy by dramatically increasing energy production through widespread use of its Concentrated Solar Power (CSP) technologies. Sopogy offers a cost-effective method for producing electricity and by-products that include steam, desalination, hydrogen, absorption cooling and hot water heating.

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For additional information about Sopogy, Inc., please contact Darren Kimura, President & CEO at (808) 216-3478 .