Thursday, September 28, 2006

California Clean Tech Open Announces Inaugural Winners

SAN FRANCISCO--(BUSINESS WIRE)--Organizers of the California Clean Tech Open gathered at City Hall yesterday to unveil the five winners of the inaugural competition. Each winner received more than $100,000 worth of prizes in a "start-up in a box" prize package comprised of $50,000 cash, legal services, accounting services, public relations consulting, office space and executive search services. The winners are: Adura Technologies in the Energy Efficiency Category, GreenVolts in the Renewable Energy Category, KiteShip in the Transportation Category, EDC Technologies Inc. in the Smart Power Category, and Crystal Clear Technologies in the Water Management Category.

The response from entrepreneurs to the California Clean Tech Open has been overwhelming and has exceeded our expectations, said competition co-chairs Laurent Pacalin and Michael Santullo. The judges decisions were difficult, but were confident that the competitions winners offer the best combination of sound business model and innovative technology in their respective categories. These five companies exemplify the competitions mission to encourage economic growth and environmental sustainability by creating a clean technology cluster in California.

The competitions awards ceremony took place from 9:00 a.m. to 1:00 p.m. and features remarks from the winners, competition organizers, San Francisco Mayor Gavin Newsom, leading venture capitalist Vinod Khosla, California Energy Commissioner Art Rosenfeld and Ralph Cavanagh of the Natural Resources Defense Council.

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