ClearEdge Power completes $73.5 million financing round

Series E funding validates company’s technology and market position; follows strong customer adoption, DOE funding and company growth

HILLSBORO, Ore. – August 23, 2011 – ClearEdge Power, a leading manufacturer of scalable, high-efficiency stationary fuel cells, today announced that it has raised $73.5 million in Series E financing through the sale of new shares and the conversion of previously issued promissory notes. New investor Artis Capital Management led this round, which also included Austrian- based Güssing Renewable Energy; Southern California Gas Company, a regulated subsidiary of Sempra Energy (NYSE: SRE); and existing investor Kohlberg Ventures. The financing will be used to further grow customer adoption in key commercial markets, expand internationally and develop and commercialize new products.

“As a leading producer of distributed generation solutions for light commercial applications, ClearEdge Power is changing the way businesses across the world get their energy,” said ClearEdge Power President and CEO Russell Ford. “This new investment provides the capital necessary for ClearEdge Power to build on our already strong foundation by entering new markets, advancing our technology and commercializing new products.”According to a recent report by Pike Research, in the last two years, the stationary fuel cell industry has seen a 27 percent compound annual growth rate. It also estimates solutions that provide buildings with base load power, such as the ClearEdge5 system, are primed for significant growth. In fact, the clean technology market intelligence firm estimates sales for the sector to surpass 1.2 million units annually by 2017. With a scalable solution that can be sized to meet each individual energy needs, ClearEdge Power is poised to address the growing global demand for continuous onsite power systems.

“The fuel cell industry is reaching an important tipping point and over the next 18 months a clear gap will begin to emerge between companies that have strong products and clearly defined markets and those that do not,” said Dr. Kerry-Ann Adamson, Research Director, Pike Research. “In the recent Pike Pulse: Prime Power Stationary Fuel Cell report ClearEdge Power scored very highly. The company’s score was due to ClearEdge Powers’ combination of market strategy and ability to execute to meet demand. ClearEdge Power also clearly differentiates its product offering (hitting a real power demand sweet spot) enabling it to reach many verticals with one product.”

The financing follows a great deal of success for ClearEdge Power, including year-over-year revenue growth of over 480% in the recently completed second quarter of 2011. Additionally, the company has created over 150 high-tech jobs in the last three years, representing over 300% growth. Recent highlights include the acquisition of several new customers, a DOE grant to support further adoption of its technology and expansion into international markets. ClearEdge Power has sold systems to a variety of industries, including multi-tenant housing, hospitality, education, utilities, public sector and residential. In June, the company secured a $2.8 million combined industry and government award from the Department of Energy’s Pacific Northwest National Laboratory. These milestones are helping the company expand to the Northeastern United States and South Korea, the latter spurred by a 2010 deal with LS Industrial Systems.

About ClearEdge Power

ClearEdge Power is a global, privately held, technology company leading the way for smarter, cleaner on-site energy systems focused on commercial, institutional and residential buildings. The company designs, manufactures and markets the ClearEdge5 system, a proven fuel cell appliance that cleanly converts natural gas to electricity and heat, offering both significant financial and energy savings, as well as a greatly reduced impact on the global environment. The ClearEdge Power corporate management systems are certified to ISO 9001 and ISO 14001. Follow ClearEdge Power on Facebook, LinkedIn and Twitter.

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Press Contacts:
Taraneh Foster, ClearEdge Power, (503) 214-1673 Simon Jones, Blanc & Otus, (415) 856-5155

Akademos Launches eReader for Educational Materials; Forms Content Partnership with Flat World Knowledge

Norwalk, CT • July 26, 2011 — Akademos, Inc., a leading provider of online bookstores and marketplaces to educational institutions, announced today that it has launched a digital reader that will allow its member institutions to access electronic content from traditional publishers and from open resources, such as the Connexions Consortium, World Public Library, the Guttenberg Project, and many others.

The company also announced its first major Open Educational Resources (OER) partnership with publisher Flat World Knowledge, which is providing the company with its full catalog of over 40 high-quality textbooks covering major subject areas for introductory general education colleges courses.

“OER will play an increasingly large role in how faculty access and use educational materials for classroom learning,” said Brian Jacobs, Ph.D., Founder and President of Akademos, “and we are excited to announce a new digital platform that allows our schools to adopt and customize these materials easily.”

The Akademos eReader, which is compatible with the emerging standard ePub format, allows students to create notes, highlight, annotate, and collaborate with fellow students. And those students who would also like a print copy of the text can easily order one directly through the eReader itself.

“Flat World Knowledge is a pioneer in OER and we are pleased to make their high-quality content available to our partner institutions through our new eReader,” notes Akademos CEO, John Squires, “The Akademos eReader takes its place alongside a suite of options for faculty and students—new, used, marketplace, rental, eTextbooks, and custom course materials—designed to lower costs while giving faculty greater control and flexibility. Akademos is redefining what it means to be a full service provider of course materials to educational institutions.”

Flat World Knowledge’s textbooks have received high praise from faculty and students and are in use at more than 1,200 institutions in the U.S. and in 44 countries. “Akademos offers an exciting new model for educational institutions grappling with the rapid changes in the textbook marketplace,” said Jeff Shelstad, CEO and Co-Founder of Flat World Knowledge. “Through this innovative distribution partnership and strong on-campus presence, we can offer our textbooks and institutional licensing solution to a wider range of faculty and students and help make higher education more affordable and accessible.”

About Flat World Knowledge, Inc.

Flat World Knowledge is the largest publisher of free and open college textbooks for students worldwide. Committed to making higher education more affordable and accessible, the company provides students with free online access to complete, peer-reviewed textbooks, with options to purchase affordable print and digital formats, including e-books, audio books, PDF downloads and interactive study aids. With Flat World’s open license and online editing platform professors can modify the content to create the “perfect book” for their course. To date, more than 1,600 professors at over 1,200 colleges in 44 countries have used Flat World open textbooks. Backed by top venture capital firms, Flat World Knowledge was named, along with Apple, Facebook and Google, as one of the information industry’s “30 to Watch” in 2011 by Outsell, Inc.

To learn more, visit http://www.flatworldknowledge.com; follow us on Facebook at http://www.facebook.com/flatworldknowledge; and on Twitter at http://twitter.com/flat_world.

About Akademos

Akademos offers a turnkey virtual bookstore and marketplace for small and midsized schools. Its advanced technology, comprehensive supply-chain solution, and commitment to responsive personal service make it a leader in providing affordable course materials and digital learning tools for schools. Students can choose new, used, marketplace, rental, and eBooks while schools can reduce costs and enjoy greater operating efficiency. Akademos delivers the right course materials, at an affordable price, on time.

Learn more at http://www.akademos.com

Leading Organic Winery Increases Energy Efficiency and Supports Sustainability Goals with ClearEdge Power

ClearEdge5 Stationary Continuous Power System Enables Stone Edge Farm to Benefit from Clean, Cost-Effective Energy

SONOMA, Calif. – July 22, 2011ClearEdge Power, a manufacturer of high-efficiency stationary fuel cells, today announced that Stone Edge Farm, an organic farm and winery located in California’s Sonoma Valley, is leveraging the ClearEdge5 system to advance its energy efficiency and sustainability goals. The ClearEdge5 system enables Stone Edge Farm to significantly reduce the energy costs required to run a successful estate and vineyard. In particular, it reduces the energy required to run the farm’s irrigation system and lights.

“At Stone Edge Farm we are committed to making world-class organic wine, while also to serving as an industry steward of sustainable practices in agriculture, farming and conservation,” said Mac McQuown, proprietor, Stone Edge Farm. “A key to minimizing our impact on the earth is determining energy efficiency best practices that help meet the operational needs of our growing agricultural operations. ClearEdge Power has been instrumental in helping us advance toward this goal by providing a system that significantly reduces our dependence on traditional energy sources while dramatically lowering our carbon emissions.”

By using the ClearEdge5 to provide power and heat for some operational functions, Stone Edge Farm expects to save 49 percent on its electricity bill and remove 24,000 pounds of carbon dioxide (CO2) from the environment annually. The financial savings will allow the winery to save more than $250,000 on total energy costs over a 20-year period. In addition to the clear financial benefits, Stone Edge Farm chose the ClearEdge5 system for its efficiency, ease-of-installation and overall aesthetic value.

“StoneEdge Farm is making tremendous strides in reducing the environmental impact of their agricultural production, and we are excited they have included our ClearEdge5 system as part of their impressive sustainability efforts,” said ClearEdge Power President and CEO Russell Ford. “This deployment clearly demonstrates the economic and environmental benefits that commercial and agricultural entities, like farms and wineries, can achieve with onsite continuous power systems such as the ClearEdge5. By providing efficient and 24/7 access to clean power and heat we can help businesses achieve energy independence, while saving money and becoming better stewards of the environment.”

The ClearEdge5 is a 5-kilowatt fuel cell from ClearEdge Power that combines heat and power in a scalable solution that can meet individual business’ specific energy needs. Unlike power sources that use traditional combustion technology, the ClearEdge5 uses an electrochemical process to convert natural gas to electricity and heat. This process dramatically reduces the environmental impact of producing electricity by reducing carbon dioxide emissions by approximately 35 to 40 percent compared to traditionalcombustion technology. Roughly the size of a standard refrigerator and incorporating a system for real-time remote monitoring, the innovative fuel cell system also reduces other typical pollutants, such as volatile organic compounds, ash and particulates, to trace levels.

About ClearEdge Power

ClearEdge Power is a global, privately held, technology company leading the way for smarter, cleaner on-site energy systems focused on commercial, institutional and residentialbuildings.  The company designs, manufactures and markets the ClearEdge5 system, a proven fuel cell appliance that cleanly converts natural gas to electricity and heat, offering both significant financial and energy savings, as well as a greatly reduced impact on the global environment.  The ClearEdge Power corporate management systems are certified to ISO 9001 and ISO 14001.

Follow ClearEdge Power on Facebook, LinkedIn and Twitter.

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Press Contacts:
Taraneh Foster, ClearEdge Power, (503) 214-1673
Joan Levy
, Blanc & Otus, (415) 856-5110

TechCrunch: ClearEdge Power Wins $2.8 Million Grant To Evangelize Fuel Cells

On Tuesday, ClearEdge Power — a cleantech startup that makes 5-kilowatt stationary fuel cells— announced that it won a $2.8 million grant from the Pacific Northwest National Laboratory (PNNL) to gets its technology out to the market more quickly. Targeted customers for ClearEdge Power include the owners and operators of hotels, groceries, schools, medical centers and fast food restaurants, among other light industrial power users.

Read More: TechCrunch

Newbery Honor Book Mr. Popper’s Penguins Now Available as Ebook Coinciding with the Opening of the Major Motion Picture

Just in time for the opening of the big-screen adaptation, Mr. Popper’s Penguins, by Richard and Florence Atwater, is available in digital format from Open Road Integrated Media. First published in 1938, Mr. Popper’s Penguins, a Newbery Honor book, is a charming tale about a house painter who receives a penguin as a gift, turning his simple life into one of adventure and fame.

The ebook edition of Mr. Popper’s Penguins includes never-before-seen archival material from the authors’ estate and information about authors Richard and Florence Atwater. The Horn Book Magazine said of Mr. Popper’s Penguins, “Here is a book to read aloud in groups of all ages. There is not an extra or misplaced word in the whole story.”

Read More: Mr. Popper’s Penguins

Current Media celebrates 4th birthday as the fastest growing channel in the UK

Current Media, the award-winning television channel and online network founded in 2005 by Al Gore and Joel Hyatt, marks its 4th anniversary this week in the UK, with four new commissions and record ratings with an average audience that has tripled in size in the last twelve months*.

Commenting on the anniversary, James DuBern, Senior Vice President of Programming for Current, said: “In the last four years we have continuously invested in Britain’s most exciting and emerging talents to bring hard-hitting stories and real- life documentaries to the forefront. We are proud to have commissioned over 250 factual programmes from over 250 individuals and small indies since our launch.”

Commissioning highlights from the last year include; The On Series, a celebrity- fronted investigative documentary with Gail Porter on prostitution and Howard Marks on the decriminalisation of drugs, Bride Trafficking Unveiled which sold in six territories, and the exclusive broadcast of Grierson 2010: The British Documentary Awards, formerly covered by the BBC.

The four new commissions for the coming quarter are:

Man Versus Earth – a documentary presented and produced by Sam Branson. The documentary is A Zig Zag production in association with Sam’s own production company, Current Sponge. The documentary presents Sam’s investigation of man’s battle against the seemingly ever-increasing threat of natural disasters. (1×60)

Doctors without Borders – an observational documentary series charting four months with the charity Doctors without Borders (Médecins Sans Frontières) in Democratic Republic of Congo. The series follows the lives of ex-pat doctors in one of the world’s poorest and most dangerous countries and provides a rare and intimate look at the people and its dramatic landscape. 2 x 60’ in-house Current TV production, executive producer Lina Prestwood, series producer and director Anuar Arroyo.

Death Row Diaries – journalist and lawyer, Laura Barry spends the final week of a death row inmate’s life with them, their families and those of theirvictims in a new series aiming to get under the skin of the capital punishment debate. 1 x 60’ broadcast pilot. Producer: James Bluemel/ Moving Target Films.

What Did I Do Last Night? – Following on from the success of last year’s series with Current’s UK and US audiences, Bright Hand Pictures have been re-commissioned to produce a second series of the factual entertainment format which focuses on the drinking habits of seemingly “normal” drinkers by piecing together the forgotten hours on a night out, the morning after the night before. The new series will be filmed in the UK and the US with rising comedic star, Jeff Leach, retaining the presenting role in both countries. (6 x 30’)

KV invests in Shakti Battery

Shakti Battery is developing novel techniques for manufacturing nano-scale materials for the cathodes of lithium ion batteries. Kohlberg Ventures invested in May as part of a cost-share pursuant to a Department of Energy grant.

New York Times: Mr. Coffee

 

How one San Francisco man turned his jones for java into a booming business.

Ten years ago, James Freeman was roasting his own coffee beans on a baking pan in his Oakland, Calif., kitchen. Today the former clarinet player and owner of Blue Bottle outposts in the Bay Area and Brooklyn (Williamsburg, naturally) is the leader of the artisanal Japanese-style, slow-drip brewing movement. Using organic, shade-grown beans that are sold within 48 hours of roasting, Freeman and his wife, Caitlin, a pastry chef, are converting customers one perfectly brewed cup of joe at a time. About his cult status among the caffeinated, he maintains an aw-shucks attitude. ‘‘I got burned out on the music playing,’’ he said. ‘‘This was my wacky Plan B.’

’Read More: Edible Selby: Blue Bottle

Halogen Media Group Merges with YouCast

Deal helps brands and agencies reach influencers with paid and earned media at scale

SAN FRANCISCO, CALIF—APRIL 27, 2011—Halogen Media Group today announced that it has merged with New York-based YouCast, a social advertising and technology firm. YouCast will operate as a wholly-owned subsidiary of Halogen. Co-founders John Eaton and Jonathan Cohen will remain in their current roles as President and chairman/chief development officer, respectively. Terms of the deal were not disclosed.

“Marketers and agencies are increasingly looking for solutions that reach influencers, integrate paid and earned media, and do it all at scale,” said Halogen CEO Greg Shove. “We’ve excelled at reaching influencers with premium paid media at Halogen, but the earned media component needed strengthening. YouCast’s track record, technology, and team quickly emerged as the perfect fit.”

Managing and activating influencers on the authentic and social web is the next great marketing imperative for brands, and it will be accomplished with a combination of technology, media solutions and strong analytics. Together, YouCast and Halogen will work to expand and refine influencer media offerings across paid and earned media channels to help brands succeed in today’s influence-driven marketplace.

Over the last three years, YouCast has implemented high-profile earned and social media initiatives for clients like PepsiCo, GE, Turner Entertainment and the NBA. “John and I have always been passionate about bringing the rigor of paid media analytics to the earned media channel; this merger amplifies our ability to realize this vision,” said Jonathan Cohen, chairman and chief development officer of YouCast. “We think one of the measures of success for a paid media campaign will be the volume of social currency created by that campaign. Our merger with YouCast enables Halogen to deliver social currency results from branded display campaigns,” said Greg Shove.  The deal presents significant opportunities for Fortune 500 brands in search of influencer marketing solutions at scale. The combined companies will also serve agencies seeking to partner with a media technology and services firm that offers authentic publisher reach and a tech platform that can quantify the value of their social activation spending.

About YouCast

YouCast is an influencer relationship management company that delivers brand-sponsored social activation at scale. The firm has a network of tens of thousands of influential web publishers and technology solutions that allow companies to efficiently manage influencer relations and build custom influencer networks at scale. The company’s platform allows it to cultivate brand ambassadors and reward them for their advocacy, thus driving reach and amplification even higher. The company is a wholly-owned subsidiary of Halogen Media Group and is based in New York City. www.youcast.com.

About Halogen Media Group

Halogen is a fast-growing media technology and services firm that operates at the nexus of the rapidly evolving advertising and media industries. Halogen curates highly engaged and influential online audiences, and facilitates the megaphone of social influence among these audiences with a compelling mix of paid and earned campaigns. The company has offices in Los Angeles, New York City and San Francisco. www.halogenmediagroup.com.

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Contact:
Amy Janzen for Halogen
amyrjanzen@gmail.com
917-209-6819