Sopogy April Expo Activites


Sopogy’s April 2007 Exhibits & Events

Sopogy, Inc: (Left) Jim Maskrey, Vice President of Sales and Business Development and (Right) John Rei, Chief Operating Officer

Technology and Internet Expo - Blaisdell Exposition Hall April 13, 2007
Reach 70% business, 30% consumer and a 100% High-Technology audience!
The Technology and Internet Expo is the only event throughout the State of Hawaii to offer a unique opportunity for consumers and businesses in both public and private sectors to interact, network, and explore new and future technology solutions. Showcase of New Products and Services.Through seminars, exhibits, and live presentations, the Technology and Internet Expo allows companies the opportunity to showcase their newest products and innovations live and in-person

Hawaii State Science and Engineering Fair - Blaisdell Exposition Hall April 4, 2007
The Science Fair is an enrichment program which stimulates interest in science and engineering and encourages entry into a science related career. Excellence of student achievement is recognized and rewarded. Students have the opportunity to interact personally with professional scientists and engineers in the program. Exhibits at school, district, and state levels serve to educate the public about science and engineering.

Over one hundred agencies join the Hawaii Academy of Science in giving awards that total more than one hundred thousand dollars in value and include cash and scholarships, trophies, medals, certificates, journals and books. Around two hundred scientists recruited by the Academy serve as judges. An additional 75 judges from the awarding agencies also judge projects. The exhibits at the Blaisdell Center Exhibition Hall are viewed by more than 5,000 people.

Hawaii State Legislature Science and Technology Fair - State Capitol April 3, 2007

Hawaii State Students Engineering Fair - Blaisdell Exposition Hall April 2, 2007
Hawai’i State Science and Engineering Fair (HSSEF) is the oldest and largest science education program in Hawai’i and continues to enjoy the support of the scientific, business, and education communities in the state. Over 6,000 students participate in the science fair program each year, with about 400 reaching the HSSEF.

Sopogy is selected to present at Cleantech 2007


 

Cleantech 2007, TechConnect Summit and the Nanotech Ventures 2007 Conference has invited Sopogy, Inc. to present. Several hundred companies applied and 30 companies were asked to present.

About Cleantech 2007

The Cleantech Conference and Trade Show

Cleantech 2007 is a multi-disciplinary and multi-sector conference on global sustainability addressing advancements in traditional technologies, emerging technologies and clean business practices. The mission of Cleantech 2007 is to bring together the entire cleantech ecosystem with the goal of accelerating the flow of technologies from the research phase to the viable market phase. We do this by linking scientists, engineers and researchers with potential business, financial and government partners. The Cleantech ecosystem enables a growing set of knowledge-based technologies, products or services designed to improve operational performance, productivity or efficiency while reducing costs, inputs, energy consumption, waste or pollution.

Cleantech 2007 is collocated with the 10th annual Nanotech 2007 Conference, the largest nanotechnology and associated ventures and investment event in the US. The co-location of Cleantech 2007 and Nanotech 2007 is an ideal match due to many overlapping technologies and industries represented by both communities.

View Cleantech 2007 Program Committe.


Last year, the investment in new companies involved in “green” technologies, tripled, and the trend continues.

Президент настойчиво продвигает идею инвестирования в альтернативные источники энергии, а “Неудобная правда” (”Inconvenient Truth”), документальный фильм Альберта Гора о проблемах глобального потепления, получает две номинации на “Оскар”, что только подливает масла в огонь.The President is pushing the idea of investing in alternative energy sources, and “Inconvenient truth” ( “Inconvenient Truth”), documentary Al Gore on the problems of global warming, receives two nominations for “Oscar”, which only adds fuel to the fire. Кран открыли на полную!Crane opened to the full! Сегодня “зеленые” проекты финансируются как никогда.The “green” projects are being financed than ever. Вот самые свежие примеры:Here are the latest examples :

– Наша сегодняшняя статья, посвященная A123Systems, компании по производству ионно-литиевых батареек для более совершенных электромобилей, которая только что получила $40 миллионов инвестиций.- Our today’s article on A123Systems companies for the production of lithium batteries for more sophisticated vehicles, which had just received a $ 40 million investment.

– Компания Nexterra Energy из Ванкувера, разработчик систем переработки отходов в энергию на основе газификации, получила третью очередь финансирования в размере $6,8 миллиона от группы инвесторов во главе с ARC Financial.- Company Nexterra Energy from Vancouver, a developer of waste-to-energy through gasification, won third place funding in the amount of $ 6.8 million from a group of investors led by ARC Financial.

– Sopogy из Гонолулу, компания-разработчик технологий концентрации солнечной энергии, вышла наконец из длительного (шестилетнего) инкубационного периода и, как сообщает VentureWire (информация доступна только для подписчиков), получила $3 миллиона ангельского финансирования.- Sopogy from Honolulu-technology company concentrating solar energy, will go a long (six) incubation period, and, according to VentureWire (available only to subscribers), a $ 3 million angelski funding.

– Компания Sulfurcell из Берлина, производитель солнечных модулей с использованием тонкопленочных гелиотехнологий (позволяющих наносить фотоэлементы на крыши и покрытие парковок), получила почти $10 миллионов во втором раунде финансирования.- Company Sulfurcell from Berlin, a manufacturer of solar modules, using thin-film technologies (which cause cells to the roof and the garage), received nearly $ 10 million in the second round funding. Группу инвесторов возглавил фонд Masdar Clean Tech Fund LP, управляемый Credit Suisse Group.The investors led by the Masdar Clean Tech Fund LP, managed by Credit Suisse Group. В группу также вошли прежние инвесторы компании, в том числе инвестор-ангел Engelbert Giesen, IBB Beteiligungsgesellschaft, Vattenfall Europe AG и Ventegis Capital.The group also included former investment companies, including investor-angel Engelbert Giesen, IBB Beteiligungsgesellschaft, Vattenfall Europe AG and Ventegis Capital. На сегодняшний день общий объем финансирования компании составил $32 миллиона.To date, the total funding amounted to $ 32 million. Подобными проектами занимаются и компании Силиконовой Долины Miasole и Nanosolar.Similar projects in the company and Silicon Valley Miasole and Nanosolar.

– Ванкуверская компания Day4 Energy получила еще $11 миллионов на продвижение на рынке своих высокоэффективных солнечных панелей.- Vancouver company Day4 Energy has received $ 11 million to advance in the market of high-performance solar panels. Финансирование возглавил фонд British Columbia Discovery Fund, который ранее вложил в компанию $2,8 миллиона.Financing by the British Columbia Discovery Fund, which had invested in the company $ 2.8 million. /VentureBeat, 26 марта // VentureBeat, 26 March.

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.

(end)

* * *

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

 

Posted on Friday, February 23, 2007

Source: Bond Buyer

by Jackie Cohen

Hawaii could see special-purpose revenue bonds for greener energy production as early as next year, depending on the fate of a cluster of bills in the state Legislature.

Perhaps the most important of these bills, sponsored by Rep. Cynthia Thielen, R-Kailua, would enable the formation of so-called renewable energy electric generation cooperatives.

The bill loosely follows the pattern of California’s recently enacted law allowing local communities to create municipal electrical utilities that could supply clean power to the private energy monopolies, Southern California Edison and its northern neighbor, Pacific Gas & Electric.

While the California law doesn’t specifically require publicly owned utilities to generate renewable energy — defined as power generation that doesn’t contribute to global warming — Thielen’s bill does.

Thielen’s measure would allow renewable energy electric generation cooperatives to generate, transmit, and sell electricity free from the oversight of the Hawaii Public Utilities Commission, except for matters of interconnections with other energy companies.

The measure hasn’t yet made it onto House meeting agendas, and Thielen doesn’t expect that to happen until next year, giving her time to polish the details in the proposed legislation. Under Hawaii’s constitution, a bill that hasn’t been defeated could survive for both years of the biennial legislative session.

However, more imminent legislation could put Hawaii ahead of California in the race to go green. Two Hawaiian renewable energy companies are mentioned in bills in both houses of the Legislature authorizing the issuance of special-purpose revenue bonds to finance capital infrastructure.

The two companies, BlueEarth Maui Biodiesel LLC and Sopogy Inc., are each seeking $10 million of special-purpose revenue bonds, the former for biodiesel generation and the latter for solar panel farms.

If approved, Hawaii would issue the special-purpose revenue bonds on behalf of the borrowing company through a state conduit.

Since solar panels have existed longer than other forms of renewable energy generation, Hawaii’s legislators seem to better understand the technology and thus are moving more quickly on the special purpose bond authorization for Sopogy, according to the company’s president and chief executive officer, Darren T. Kimura.

The Sopogy bill already has passed its first reading in both chambers, helped by the sponsorship of senior lawmakers, including Assembly vice speaker Jon Riki Karamatsu and Sen. Carol Fukunaga, chairwoman of the Senate committee responsible for science and technology. Both are Democrats, the party controls the Legislature.

“Hawaii is one of the only places in the world where you’ve got all of the raw ingredients for renewable energy,” Kimura said. “We have so many natural resources available to us, and the cost of electricity is so high here that it’s very easy to do something that’s cheaper.”.

He said that Kona-based Sopogy is trying to become a solar energy supplier, not just to Hawaii’s existing utilities, but possibly on the U.S. mainland as well.

If approved, the $10 million of special- purpose revenue bonds would finance Sopogy’s creation of large-scale solar panel “farms” that process heat from the sun through focused mirrors and have the potential to keep generating energy after the sun goes down.

“The Legislature is looking at a variety of renewables,” Karamatsu said in a telephone interview. “We like to support our local businesses. And we’re trying to diversify our economy into technology.”

Last year, Karamatsu sponsored one of Hawaii’s first special-purpose revenue bond authorizations for a renewable energy company. Hoku Scientific could use the $10 million debt authorization to develop fuel cell technology, which generates energy through chemical reactions.

The company has yet to move forward with a special-purpose revenue bond sale, but that doesn’t rule out a future bond issue, said company spokesman Darryl Nakamoto. Hoku Scientific went public in August 2005.

Long before any of these bills came along, the 2004 legislative session enacted a law requiring that renewables make up 20% of the energy generation sources used by Hawaii’s electrical utility by 2021, a requirement called the portfolio standard.

“But there’s loopholes,” Thielen said in a telephone interview. “If the utility reaches 2020 and they find it too expensive to provide renewable energy, they can get out of the requirement by going to the state Public Utilities Commission and asking to be excused.”

The law doesn’t specify how long the excuse could exempt the utility from compliance with the portfolio standard, nor whether the excuse would have to be temporary, she said.

Thielen has concerns similar to those of California energy activists regarding whether SCE and PG&E will meet required schedules on the portfolio standard. She also is concerned about the monopoly for energy provision in Hawaii.

The investor-owned Hawaiian Electric Co. and its subsidiaries have no competition on any of the islands — with the one exception being the municipally owned utility serving the tiny island county of Kauai.

HECO’s monopoly dates back about a century, some 50 years before Hawaii even became a state.

“It hasn’t been good. The monopoly utility’s first priority is to make a profit for its shareholders so they don’t rely on renewable,” Thielen said. “We’re 25% dependent on oil from the Mideast, so we’re contributing to the conflict over there.”

HECO says it is pursuing renewable energy.

“Last month, we put out a request for proposals for biofuels. We have the ability to move into biofuel more easily than a facility that uses lots of coal, since the majority of our electric generation is oil based,” said company spokesman Peter Rosegg. “We have only one small coal plant and the rest is all oil. Right now, 92% of Hawaii’s energy needs come from petroleum.”

Thielen doesn’t expect her bill to pass until the second half of the biennium, and she plans on spending the 2007 part of the legislative session educating her colleagues about renewable energy.

“I’m pushing for wave energy, to convert the waves in the ocean into energy. Hawaii is an excellent location for that — some of the tidal waters here are very active,” Thielen said.

She said ocean waves provide a constant form of energy generation, unlike many other alternatives, such as windmills, which don’t work when the air is still.

Thielen has enticed two wave energy generation companies, Sydney, Australia-based Energetech and Edinburgh, Scotland-based Ocean Power Delivery Ltd., to come to Hawaii and pitch their wares to HECO.

She’s also looking for a company that could serve as a test model for wave energy to show her colleagues.

She suggested Maui Land & Pine as a possible company that could ask for $20 million of special-purpose revenue bonds to implement wave energy generation that could serve as a model for other companies looking to go green.

Despite her state’s preference for wave energy, Thielen has introduced another bill that would require all developers seeking to build at least six homes at a time to include solar panels.

That contrasts a 2006 California law requiring developers to include solar panels as an option within new homes, ultimately letting the homebuyers decide whether to buy the renewable energy infrastructure.

Another type of renewable energy might work its way into Hawaiian homes if a supplier contract between HECO and BlueEarth Maui Biodiesel moves forward as planned.

BlueEarth uses oil from plants to generate fuel, and is seeking $10 million of special-revenue bonds to build a biodiesel refinery that would replace petroleum-sourced energy generation for HECO. BlueEarth could replace the petroleum with oil from palm trees and jatropha succulent plants, among other natural sources.

So far, the BlueEarth bond authorization bill, sponsored by Rep. Angus L.K. McKelvey, D-Maui, only exists in the Assembly, although it passed a first reading. (c) 2007 The Bond Buyer and SourceMedia, Inc. All rights reserved. http://www.bondbuyer.com http://www.sourcemedia.com

About Sopogy


Sopogy News

By - John Rei, Chief Operating Officer

Sopogy, Inc. has entered the Hawaii solar energy market with a new twist on solar power, offering a product based around solar thermal, or concentrated solar power (CSP), technology. Sopogy, which stands for Solar Power Technology, aims to bring renewable solar energy technologies to Hawaii and its people for energy stability, the betterment of clean air, and independence from volatile imported fossil fuel prices. The company is the brainchild of CEO and President Darren T. Kimura, a local entrepreneur born and raised on the Big Island that has been involved in energy efficiency and renewable energy projects for over 15 years. He built Energy Industries, a business focused on energy efficiency that has grown beyond Hawaii to become an international business with offices in the mainland and throughout the Asia Pacific. The idea for Sopogy came from Energy Industries Labs, his clean energy technology incubator.

CSP is a mature technology that offers greater efficiencies and lower costs than traditional solar photovoltaic, or PV. CSP also has a proven track record, having provided large scale electricity generation in California for the past 22 years. While normally employed in dry, hot climates like the deserts in the southwestern U.S., Sopogy has modified the technology to work in wet and sunny tropical climates like Hawaii to provide solar generated electricity or air conditioning.

Sopogy plans to begin construction on a 10 MW solar farm at the National Energy Laboratory of Hawaii Authority (NELHA) on the Big Island later this year, and will also employ their products to meet the electricity and air conditioning needs of commercial and industrial clients as well. Given the more favorable economics of CSP systems when compared to solar PV, along with the current state and federal incentives for such renewable energy projects, Sopogy sees a great opportunity to implement this clean, renewable energy technology throughout the state.

Sopogy firmly believes that CSP can and should be an important part of Hawaii’s renewable energy portfolio to reduce the state’s dependence on foreign oil and to provide clean, environmentally friendly power throughout the state.

More information on this local solar technology company can be found on their website at www.sopogy.org.

Darren Kimura a panelist for Sunrise Rotary 2007 event


Rotary Club - Sopogy

Let’s say you’re stuck in a bind. The tables have turned. Perhaps a figurative rug has been pulled out from under you. What then? All of a sudden your mind sparks with an “a-hal” In this year’s Business Game Plan, our speakers wi ll be sharing critical lessons in personal leadership- revelat ions that have shaped their lives, organizations, and in many cases, are contributing to the greater good of our islands.

Darren Kimura founded Energy Industries in 1994 . Today it generates long-term energy and maintenance cos t savings for clients in Seattle, Spokane, Portland, San Jose, Houston , Chicago, Honolulu, Guam, the Philippines and Hong Kong. He has served as a speaker for the U.S. Department of Energy and the EPA, and was awarded the Young Entrepreneur of the Year for Hawaii, California, Nevada, Arizona and Guam.

2/9/07 - Sopogy Presents at the Wayne Brown Institute


Sopogy at Wayne Brown Institute   

Twenty-Three Companies to Present at the Wayne Brown Institute’s 23rd Annual Investors Choice Venture Capital Conference – Utah


(PRLEAP.COM) More than 20 companies will present at the Wayne Brown Institute’s 23rd Annual Investors Choice Venture Capital Conference – Utah, entitled, “Putting Together the Pieces – Introducing the Fundable Venture,” to be hosted February 8, 2007 in Salt Lake City.0 for any additional conference attendee(s) from the same firm.

The conference provides opportunities for organizations from across the United States to participate in the venture capital process as investors meet with companies and individuals seeking capital for business ventures. Since the conference’s inception 23 years ago, alumni companies have successfully raised a total of more than $1.8 billion based on strategic alliances formed at the conference.

“Participation in the Investors Choice conference is one of the most effective ways a company can raise the capital it needs and reach the next level of its organizational goals,” said Brad Bertoch, president of the Wayne Brown Institute. “We are confident this year’s event will continue to provide education and experience for companies wishing to learn the venture process, build a fundraising presentation and meet with venture, corporate and angel investors.”

The complete list of companies scheduled to present at the conference is as follows, along with each organization’s Internet URL:

§ Alias Semiconductor, no URL available – Seattle, WA
§ AlphaSpine, www.alphaspine.com – American Fork, UT
§ Aviacode, www.aviacode.com – Salt Lake City, UT
§ Caveon, www.caveon.com – Draper, UT
§ Clear Play, www.clearplay.com – Salt Lake City, UT
§ CoMet Solutions, www.cometsolutions.com – Albuquerque, NM
§ eXpresso, no URL available – Park City UT
§ Flying Sensors, www.flyingsensors.com – Salt Lake City, UT
§ High West Distillery, no URL available – Park City, UT
§ Innovasic Semiconductor, www.inovasic.com – Albuquerque, NM
§ iWorld, no URL available – Pleasant Grove, UT
§ Know More Media, www.knowmoremedia.com – Orem, UT
§ LignUp, www.lignup.com – Salt Lake City, UT
§ Lingotek, www.lingotek.com – Provo, UT
§ Nanopoint, www.nanopointimaging.com – Honolulu, HI
§ Precision Surveying Solutions, www.pssllc.com – Provo, UT
§ Q-Therapeutics, no URL available – Salt Lake City, UT
§ Simpliphones, http://simpliphones.com – Orem, UT
§ Sopogy, www.sopogy.org – Honolulu, HI
§ Techniscan, www.techniscan.com – Salt Lake City, UT
§ ThromboVision, www.thrombovision.com – Houston, TX
§ Transparient, www.transparient.com – Salt Lake City, UT
§ Wasatch MicroFludics, no URL available – Salt Lake City, UT
§ Xapio, http://xapio.com – Salt Lake City, UT

Sponsors for this year’s event include Zions Bank, Ballard Spahr Andrews & Ingersoll, LLP, Governor’s Office of Economic Development and NASDAQ.

More information about the Wayne Brown Institute is available online at www.venturecapital.org or by calling 801-595-1141.

About The Wayne Brown Institute
Located in Salt Lake City, the Wayne Brown Institute is the oldest, most successful non-profit venture capital accelerator in the world and was formed in 1983 by Dr. Wayne S. Brown. It seeks to educate early-stage companies through mentor-based training in the methods of becoming attractive, viable investments for venture capitalists, while creating value-added relationships between entrepreneurs, capital providers and key professionals specializing in equity-backed business. The Wayne Brown Institute is nationally recognized for its expertise in understanding and applying the venture capital funding processes of Silicon Valley to areas that are capital constrained

Sopogy Receives Mention in 2/1/07 Honolulu Advertiser


Sopogy in the Honolulu Advertiser Feb 2007

TECH COMPANIES TO WOO INVESTORS

Nanopoint Inc. and Sopogy Inc., two Hawai’i-based technology companies, will be among the companies making presentations to investors at next week’s Investors Choice Venture Capital Conference in Utah. The conference is billed as a way for companies to meet with venture capitalists as they seek funds to build their companies. Nanopoint is a biotechnology company developing cellular imaging systems for the life sciences market. Sopogy is working on increasing renewable energy production through its concentrated solar power technologies.

Report Title:

Special Purpose Revenue Bonds; Sopogy Inc.

Description:

Authorizes the issuance of special purpose revenue bonds in an amount not exceeding $10,000,000 to assist Sopogy Inc. with planning, designing, construction, equipping, and operating a solar farm power plant at the Natural Energy Laboratory of Hawaii to produce electricity from solar power.


HOUSE OF REPRESENTATIVES

H.B. NO.

334

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