Logo - ChapDrive
COMMUNICATIONS
Press Release
Friday, 15 May 2009

ChapDrive has been selected as a Nordic Cleantech 50 Leader.



ChapDrive AS wich has developed a patented hydraulic transmission system for wind turbines, today announced that it has been chosen as a Nordic Cleantech 50 Leader.

On April 30, 2009, The Cleantech Group, LLC, founders of the cleantech sector and providers of leading global market research and financial services for the cleantech ecosystem, in participation with Cleantech Scandinavia, the leading Nordic network of investors in cleantech, released a first ever report identifying 50 leading cleantech companies in the Nordic market. The report identifies key representatives of Nordic excellence in Cleantech innovation, as well as outlining the driving sectors and key concerns facing this emerging region. The full publication can be downloaded from Cleantech Group´s Cleantech Scandinavia´s website free of charge.

More information

CEO: Jens Anders Jensen, Phone: +47 92 27 68 81

Chapdrive AS
Osloveien 107
7018 Trondheim, Norway
chapdrive@chapdrive.com
www.chapdrive.com

About ChapDrive AS:
ChapDrive is located in Trondheim, Norway and was founded in December 2006 based on research from The Department of Energy and Process Engineering at the Norwegian University of Science and Technology (NTNU). The company develops a patented hydraulic transmission system for wind turbines. ChapDrive recently completed a successful funding round of NOK 52 million (€6m) to develop a 5 MW hydraulic transmission based on field test results from ChapDrives 225 kW and 900 kW prototype turbines. The main investors are NorthZone Ventures AS, Hafslund Venture AS and Energy Capital Management AS (StatoilHydro´s Venture Fond).

About Cleantech Scandinavia:
Cleantech Scandinavia is a membership network of investors and affiliated cleantech professionals designed to provide cleantech knowledge, contacts and investment opportunities and be a coordinating voice to promote the Nordic cleantech sector and drive cleantech innovation and growth in the Nordic countries. Details at www.cleantechscandinavia.com

About the Cleantech Group, LLC:
The Cleantech Group pioneered the clean technology investment category in 2002. Today, it accelerates the development and market adoption of clean technologies globally. The company´s world wide network of investors, entrepreneurs, enterprises, service providers and others – representing trillions of dollars in assets – receives access to capital, investments deal flow, networking, market leading research and data, sales leads and promotional opportunities. Details are available www.cleantech.com
2009 ChapDrive AS - All rights reserved
Professor Brochs gt 2
7030 Trondheim
Norway
+47 73 60 60 07