DGAP-News

Bright Capital: Pentalum Technologies Raises $5.5M in round C Led by Bright Capital

EquityStory.RS, LLC-News: Bright Capital / Key word(s): Investment
Bright Capital: Pentalum Technologies Raises $5.5M in round C Led by
Bright Capital

21.02.2013 / 09:10

---

Rehovot, Israel- Thursday, Feb 21st, 2013

Pentalum Technologies, which develops the SpiDAR, a cost effective wind
LiDAR for remote sensing of wind, has raised $5.5 Million in round C -
funding that will be used to keep up with growing demand from customers,
expand production capacity and accelerate Pentalum´s penetration into new
and growing wind energy markets.

Series C round was led by a new VC investor - Bright Capital, where this
investment is their first in Israel. All existing investors of Pentalum
participated in the round, including Cedar Fund, Evergreen Venture
Partners, ABB and DFJ. ´We welcome Bright Capital on board and appreciate
the continuing support from our current investors´ said Sagie Tsadka,
co-founder and CEO, Pentalum. ´Since launching the SpiDAR wind LiDAR in
mid-2012, Pentalum has delivered more than 50 SpiDAR systems to customers
worldwide and this new investment will assist us to answer the growing
demand for the SpiDAR system and to meet our forecast to 2013 and 2014´ add
Tsadka.

Gal Israely, Managing partner at Cedar Fund added: ´Pentalum has done an
outstanding job of penetrating the market and as we accelerate our growth,
we are very pleased to broaden the investors´ base with Bright Capital that
adds strong presence in new markets´

´We are excited about the opportunity to invest in Pentalum´ noted Boris
Ryabov, Managing Partner at Bright Capital, which led the current
investment round. ´I believe we will be able to utilize our broad network
of connections to industrial companies in Russia and CIS to help Pentalum
expand into new and promising wind energy markets with its unique SpiDAR
technology.´

About Pentalum

Pentalum develops the SpiDAR(TM) - an innovative, cost-effective pulse wind
LiDAR (Light Detection and Ranging) system, for remote sensing of wind. The
SpiDAR´s unique architecture enables the use of common, reliable
components, allowing Pentalum to maintain lower production costs - a saving
that is passed onto the customer - and making the SpiDAR affordable to
enable wind farms developers and operators to deploy multiple units in a
single site; providing better, more precise wind measurements. Pentalum is
committed to providing its customers with advanced wind sensing technology
and high quality engineering support.

About Bright Capital:

Bright Capital is an independent venture capital firm that invests globally
in a wide range of promising companies. Its investments are made across
multiple product types in energy and resource efficiency, clean technology,
industrial biotech. The firm works as a merchant venturing entity in a
multi-corporate model, building bridges between USA, Russia & CIS, Middle
East and South Eastern Asia. In addition to financial investments and
managerial expertise, Bright Capital provides its portfolio companies with
direct access to the markets of Russia and CIS through its network of
connections to industrial companies. Bright Capital strategically
co-invests with top-tier venture funds and corporate partners.

End of Corporate News

---

21.02.2013 Dissemination of a Corporate News, transmitted by
EquityStory.RS, LLC - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

EquityStory.RS, LLC´s Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

201983 21.02.2013