BlackLight Power Inc. Announces its Sixth Commercial License Agreement

Non-Exclusive License with Akridge Energy to produce up to 400 MW of
continuous power

CRANBURY, N.J., July 30 /PRNewswire/ -- BlackLight Power (BLP) Inc. today
announced the execution of its sixth commercial license agreement and first
with Akridge Energy, LLC (Akridge Energy), based in Maryland. In a
non-exclusive agreement, BLP has granted Akridge Energy a license to use the
BlackLight Process and certain BLP energy technology for the production of
electric power in Maryland, Virginia and the District of Colombia. Akridge
Energy may use the technology to produce electric power up to a maximum
continuous capacity of 400 megawatts (MW).

Akridge Energy intends to deploy distributed-scale electric power units at
commercial real estate properties and sell electricity to tenants and
eventually into the local electric grid.

"We believe BlackLight Power has developed a new energy technology that will
have a profound impact on the environment and the economy and will help us
achieve our goal in becoming a major, green-power producer in the greater-DC
market," said John E. Akridge III, chairman and owner of Akridge Energy. "We
are excited to be one of the early-adopters of BLP's energy technology." Mr.
Akridge is also a shareholder of BlackLight Power.

To date, BLP has licensed the rights to produce approximately 8,000 megawatts
of electrical power to five utilities, two of which are publicly traded
companies, and one independent power producer. Collectively, these companies
own, purchase, or manage electric power production of approximately 7,600
megawatts and provide service to approximately 985,000 customers.

About BlackLight Power
BlackLight Power Inc. is the inventor of a new primary energy source and a new
field of hydrogen chemistry with broad commercial applications. This new
primary energy source may have applications to heating, distributed power
generation, central power generation, and motive power based on a new chemical
process of releasing the latent energy of the hydrogen atom, the BlackLight
Process.

For more information, please visit http://www.blacklightpower.com/

About Akridge Energy
Akridge Energy, LLC is wholly owned by John E. Akridge, III, who is also
Chairman and owner of Akridge. Founded in 1974, Akridge Energy is a
full-service commercial real estate firm in the Washington, D.C. area.
Akridge's projects total over 12 million square feet of office,
industrial/flex, residential, retail and entertainment space at a value of
over $2.0 billion.

For nine of the last ten years, Akridge Energy has been ranked the number one
real estate firm in the country, among firms of similar size, for Client
satisfaction by the industry's foremost benchmarking firm, CEL & Associates.
Akridge Energy has been honored by awards for sustainability from the
following organizations: the Greater Washington Board of Trade, the
Washington Business Journal, Bisnow on Business, the District of Colombia's
Department of the Environment, the Smart Business Network of Washington, and
the Environmental Protection Agency's Energy Star Program. Akridge Energy is
the winner of the National Capital Business Ethics Award given by the Society
of Financial Service Professionals for ethical business conduct and is
recognized as a "Best Place to Work" in Greater Washington according to the
Washington Business Journal.

For more information about Akridge, please visit www.akridge.com

Media Contacts:
Ramya Kumaraswamy
Hill & Knowlton for BlackLight Power Inc.
Mobile: 646-552-8639
Office: 212-885-0552
ramya.kumaraswamy@hillandknowlton.com

SOURCE BlackLight Power

Ramya Kumaraswamy of Hill & Knowlton, Mobile, +1-646-552-8639, Office,
+1-212-885-0552, ramya.kumaraswamy@hillandknowlton.com, for BlackLight Power
Inc.