Pentadyne Power Corp Announces $14M Venture Investment by Loudwater

CHATSWORTH, Calif.--(BUSINESS WIRE)--Pentadyne Power Corporation (www.pentadyne.com), the world’s leading commercial manufacturer of clean energy storage systems using advanced composite flywheel technology, announced today that Loudwater Investment Partners (www.loudwaterpartners.com) have led a $14 million capital round to finance further company growth and product development.

“We have just recapitalized the company with $14 million in new cash and signed up an excellent and experienced new investor in Loudwater. We are also looking forward to another great year ahead, hitting new records in 2008 with the goal of being the #1 industrial flywheel manufacturer worldwide.”

Loudwater invests in late stage private growth companies and has offices in London and San Francisco. Approximately half of their investments are in US technology companies. Loudwater is the Investment Adviser to Loudwater Trust Limited, a closed-ended investment company incorporated in Guernsey and listed on the London Alternative Investment Market (AIM).

“We are on a terrific run as a business, with revenues, production and product development progressing to new heights every month,” said Pentadyne President & CEO Mark McGough. “We have just recapitalized the company with $14 million in new cash and signed up an excellent and experienced new investor in Loudwater. We are also looking forward to another great year ahead, hitting new records in 2008 with the goal of being the #1 industrial flywheel manufacturer worldwide.”

Edward Forwood, Managing Director of Loudwater, said, “Pentadyne has developed the most efficient flywheel energy storage technology with immediate application in UPS and other markets. We are confident that this will soon result in market leadership.”

Panelist at growth/innovation/leadership conference tomorrow

Pentadyne’s Mark McGough will be a featured panelist tomorrow morning at the Frost & Sullivan Growth, Innovation & Leadership Conference (www.frost.com/gil) being held in Monterey, California.

About Pentadyne Power Corporation

Hundreds of Pentadyne energy storage systems are operating as a part of battery-free UPS solutions at commercial, industrial, hospital and military facilities worldwide. Pentadyne's magnetically levitated carbon fiber flywheels are the world's most energy efficient, using 90% less power than other flywheels. Sold by several of the world's leading UPS manufacturers, Pentadyne systems deliver vastly higher long-term reliability and uptime availability at a fraction of the footprint, weight and cost of hazardous lead-acid UPS batteries. An ISO-9001-certified company, Pentadyne designs and manufactures its environmentally beneficial products at its factory in greater Los Angeles.