Mayor Chuck Reed Presents Inaugural San Jose Prize for Green Vision Innovation to Winners of California Clean Tech Open

SAN JOSE, CA, Nov 07 (MARKET WIRE) --
San Jose Mayor Chuck Reed at a press conference today announced that the
inaugural San Jose Prize for Green Vision Innovation will be awarded to
the 2008 California Clean Tech Open winners. Announced last night at the
Clean Tech Open's third annual awards gala, the winners and runners up
include: Over the Moon Diapers, Viridis Earth, BottleStone, Focal Point
Energy, Power Assure, ElectraDrive, Porifera, NexChem, GroundSource Geo,
Solar Red, Renewable Fuel Technologies, Energy Empowered, and Goose
Networks.

"I am delighted to announce the San Jose Prize for Green Vision
Innovation, which will help us meet our Green Vision goals of attracting
and growing entrepreneurial and innovative companies," said Reed.
"Turning an idea into a global company is the Silicon Valley way. It's
our hope that winning the California Clean Tech Open and receiving the
San Jose Prize is a key step in that journey."

The San Jose Prize, the result of a strategic partnership among the City
of San Jose, the San Jose Redevelopment Agency, the California Clean Tech
Open, Environmental Business Cluster and the San Jose BioCenter, connects
top clean tech entrepreneurs with San Jose's world-class incubator
programs. It is intended to accelerate bringing clean tech innovations to
market and create a pipeline of top clean tech companies that have the
potential to grow and create jobs in San Jose, critical factors in
realizing the goals of San Jose's Green Vision, the City's ambitious plan
to stimulate the economy and improve the environment.

According to Mayor Reed, the partnership between the California Clean Tech
Open and the San Jose Prize for Green Vision Innovation is critical to
helping solve energy and climate-change challenges, while expanding San
Jose's long-term ability to attract clean tech companies and create and
retain jobs. Through this strategic partnership, San Jose aims to build
relationships with leading entrepreneurs and investors across California,
encouraging investment in the next wave of innovation.

The Prize includes a scholarship for free furnished office space at the
Environmental Business Cluster, subsidized space at the BioCenter, and
world-class business services through San Jose's incubator program for one
year. Services will include business planning, market analysis, and survey
assistance; intellectual property assessment; operations structure
development; as well as financing assistance, investor and customer
presentations, and the design of marketing and sales collateral.
Professional counsel will be provided by the Environmental Business
Cluster staff and Advisory Board, volunteer mentors, as well as San Jose
State University MBA student interns -- many of whom are management
employees within leading Silicon Valley companies.

"Earlier this year, the California Clean Tech Open competition announced
the launch of our third annual competition inside the Rotunda at San Jose
City Hall. It is fitting that our winners will have the opportunity to
grow their clean tech companies in a city with a significant legacy of
fostering and supporting new ideas and transformative innovations. We
commend Mayor Reed and the City of San Jose for their efforts in helping
to speed ideas to commercialization that will effectively address the
world's energy and environmental challenges," said Michael Santullo,
co-founder, California Clean Tech Open.

"For an early-stage company to survive and grow, especially in the current
economic climate, it needs to conserve capital and avoid costly
administrative overhead and other expenses that do not advance their
company's core mission. We are excited to be able to provide the
supportive business environment needed for success and drive the
aspirations of these emerging companies," said Jim Robbins, executive
director, EBC.

San Jose Prize Attracts Private Sector Support

Demonstrating the private sector support for the San Joes Prize for Green
Vision Innovation, Adaptive Planning, a provider of on-demand budgeting,
forecasting and reporting software applications, announced that it has
pledged to provide the winners and other finalists of the San Jose Prize
for Green Vision Innovation with $100,000 worth of in-kind software and
services to support their rapid growth and continued business success. In
addition, GlobalFluency, a worldwide communications services firm, will
provide each of the winners with a consulting session, valued at $10,000
per session, to help mine their respective messaging and positioning.

"We are pleased to support the Clean Tech Open alongside the City of San
Jose," said William A. Soward, CEO of Adaptive Planning. "The impact
that's possible when forward-thinking companies and public institutions
coordinate their efforts can far exceed what any individual organization
can do on its own."

"We understand the early stage importance of driving integrated
communications solutions to amplify growing markets, activate investor and
customer relationships, and build valued brands," said Donovan Neale-May,
president, GlobalFluency. "This is especially crucial in the burgeoning
clean tech sector. Those that establish a strong market presence and brand
identity today will be the inevitable brand choices of consumers and
businesses tomorrow."

For more information on the Clean Tech Open award winners please visit:
www.cleantechopen.com

About the California Clean Tech Open

A non-profit organization, Clean Tech Open is an innovation catalyst,
helping today's clean-tech innovators become tomorrow's viable clean-tech
businesses. The core of Clean Tech Open is an annual regional business
plan competition that provides clean-tech entrepreneurs and early stage
companies with the training, services and insights they need to
successfully go to market. To date, Clean Tech Open has assisted alumni
companies in raising over $115 million in funding, as well as created
hundreds of jobs in the clean tech market. Fueled by a one of a kind
network of over 400 volunteers and in-kind sponsors, Clean Tech Open
connects the public and private sectors with a shared vision for making
the clean-tech sector a thriving economic engine. Past alumni start-ups
include Cool Earth Solar, Aurora Biofuels, GreenVolts and Adura
Technologies. To learn more, please visit: www.cleantechopen.com.

About the Environmental Business Cluster

The Environmental Business Cluster is a non-profit clean energy and
environmental technology commercialization center located in Downtown San
Jose, Calif. Through its varied services and multiple resources the
Cluster assists emerging clean energy and environmental technology
companies in reaching the market. The Cluster provides business assistance
programs to resident and non-resident companies and aids in the formation
of technology partnerships and industry networks. During its 12 year
history, the Environmental Business Cluster has helped more than 120
businesses commercialize and market their products and services. It is the
recipient of the National Business Incubation Association's 2008 Randall
M. Whaley Incubator of the Year, the organization's highest honor that
recognizes overall excellence in business incubation, and is awarded to
the nation's top incubator.

About the San Jose BioCenter

The San Jose BioCenter is a life science and emerging technologies
incubator providing state-of-the-art laboratory facilities, specialized
research equipment, and best-in-class business support services. Its
mission is to provide entrepreneurs with that "Big Company Advantage"
through facilities, equipment, resources, contacts and expertise they need
to commercialize their technology. Established in 2004 by the
Redevelopment Agency of the City of San Jose and the San Jose State
University Research Foundation, and managed by Prescience International,
the San Jose BioCenter is the first of its kind to provide a comprehensive
suite of laboratory and business services in a biotech-ready facility.
With a total investment of over $7.9 million in facilities and equipment,
the San Jose BioCenter has evolved into the premier destination location
for emerging companies and research scientists alike. For more
information, visit www.sjbiocenter.com.

About San Jose's Green Vision

On October 7, 2007, Mayor Chuck Reed introduced San Jose's Green Vision,
which sets 10 ambitious goals for environmental protection and economic
development. This 15-year plan envisions: creating 25,000 Clean Tech jobs;
building or retrofitting 50 million square feet of green buildings;
installing 100,000 solar roofs (1/10 of Governor Arnold Schwarzenegger's 1
million solar roofs for California initiative); reducing per capita
electricity use by half; becoming a zero waste city; recycling and reusing
100 percent of the city's water; and moving to 100 percent renewable
energy. San Jose, the nation's tenth largest city, already is a leader in
clean energy and solar innovation, with leading corporations such as
SunPower, SoloPower, Stion, Nanosolar, Fat Spaniel, SunWize, Sopogy, and
others headquartered in the city. Electric vehicle manufacturer Tesla
Motors recently announced that it would locate its headquarters and new
manufacturing plant in San Jose. For more information, visit
www.sanjoseca.gov/greenvision/.

About the City of San Jose

From its founding in 1777 as California's first city, San Jose has been a
leader, driven by its spirit of innovation. Today, San Jose stands as the
largest city in Northern California and the Capital of Silicon Valley --
the world's leading center of innovation. The city, the 10th largest in
the U.S., is committed to remaining a top-ranked place to do business,
work, live, play and learn. For more information, visit,
www.sanJoseca.gov.

Contacts:

Michelle McGurk, PIO
Office of Mayor Chuck Reed
(408) 535-4840
(408) 655-7332 cell
Email Contact

Steven Brewster
San Jose Office of Economic Development
(415) 577-8851 cell
Email Contact

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