CORRECTING and REPLACING North American and European Cleantech Investment Totals More Than $1 Billion in Q3 2006

ANN ARBOR, Mich.--(BUSINESS WIRE)--Due to multiple revisions, please replace this release with the corrected version below.

The corrected release reads:

NORTH AMERICAN AND EUROPEAN CLEANTECH INVESTMENT TOTALS MORE THAN $1 BILLION IN Q3 2006

Cleantech Category Garners 14% of All North American Venture Investment and 12% of European Venture Capital Investment

Cleantech Venture Network® researchers reported today that North American and European Q3 2006 cleantech investment totaled $1.081 billion for the quarter. More than $934 million was invested in North American cleantech companies in Q3 2006, 14% of the overall $6.5 billion invested, making cleantech the third largest venture capital category for the quarter. Venture capital investment in European cleantech companies totaled $147 million in Q3, or 12% of Europe’s overall total of $1.2 billion.

In North America, the largest Q3 cleantech deals were Cilion, Altra, Ion America, Renewable Energy Group and Newmarket Co. totaling $572 million, or 61.2% of cleantech investment in the quarter. The 47 North American cleantech deals represented 5.1% of the 919 venture deals completed in the quarter. The average cleantech deal size was $19.8 million compared to the overall average VC deal size of $7.1 million.

The largest cleantech deals in Europe included Ocean Power Delivery Ltd., Keronite International Ltd., DeepStream Technologies Ltd., Protalix Biotherapeutics Ltd., and Replisaurus Technologies AB. The $88 million invested in the five deals represented 59.8% of all cleantech investment. European cleantech venture investment YTD Q3 is running 20% behind the same period last year.

Cleantech Venture Network® researchers recently released the Cleantech European Investment Report, a three-and-a-half-year analysis of the European cleantech venture investment category. The comprehensive report analyzes European cleantech investment by segment and region and forecasts capital needs through 2009.

About Cleantech Venture Network, LLC

The Cleantech Venture Network® LLC is a membership organization that provides insight, business opportunities and relationships that catalyze the growth of cleantech markets globally. The network popularized the term cleantech since 2002, defined the segments and sizes the category providing investors, executives, government agencies and media accurate and consistent data back to 1999. Over 1,300 affiliate members globally take advantage of the Cleantech Forums™, comprehensive market research services and reports, online proprietary deal flow, and investor directory. In addition, CVN provides a twice a month market intelligence newsletter Cleantech Capital Alert and the quarterly Cleantech Investment Monitor™ report that tracks and analyzes all cleantech venture investments, M&As and IPOs in North America and Europe.