Columbia Power Technologies Brochure

Columbia Power Technologies, Inc. • 4920A SW 3rd Street • Corvallis, OR 97333-9294 Phone: (541) 368-5033 • Fax: (541) 230-1498 • www.columbiapwr.com FOR IMMEDIATE RELEASE Columbia Power Technologies selects Siemens Industry for direct-drive generator Large-diameter, megawatt-scale generator for wave power industry will use existing technology solutions CORVALLIS, Oregon, August 26, 2013 - Columbia Power Technologies has selected Siemens Industry’s segmented rotary generator for use in Columbia Power’s utility- scale wave energy system, the StingRAY. The patented, third-generation StingRAY is a floating, offshore wave energy system and represents the culmination of over 10 years of intensive, scaled development and testing. The megawatt-scale StingRAY delivers survivability with a competitive cost of energy and a low environmental impact. “Our strategy was to choose a trusted global partner with significant expertise and experience. We wanted a company like Siemens that could provide a solution from existing technology, in order to reduce risk and shorten our commercialization timeline.” says Reenst Lesemann, Columbia Power Technologies’ CEO. “Siemens will use its existing segment motor construction kit to design a generator for installation around the circumference of the buoy ultimately creating a built-in 7.5 m air- gap diameter motor//generator,” explains Razvan Panati, Director of Technology for Siemens Drive Technologies Division. The initial generator, which will be able to deliver 1.5MW of peak power, will be tested at the National Renewable Energy Laboratory's National Wind Technology Center in early 2014. About Columbia Power Technologies Columbia Power is the worldwide leader in direct-drive wave energy systems. The Company is commercializing a patented, next-generation solution that delivers survivability with a competitive cost of energy and a low environmental and stakeholder impact. Columbia Power is a member of the Greenlight Energy Resources family of renewable energy companies and has primary product development facilities and operations in Corvallis, Oregon, with administrative support in Charlottesville, Virginia. For more information, visit www.columbiapwr.com. Interested in keeping up with Columbia Power Technologies? Sign up for our mailing list here: columbiapwr.com//signup// About Siemens Siemens Industry Sector is the world’s leading supplier of innovative and environmentally friendly products, solutions and services for industrial customers. With end-to-end automation technology and industrial software, solid vertical-market expertise, and technology-based services, the sector enhances its customers’ productivity, efficiency and flexibility. With a global workforce of more than 100,000 employees, the Industry Sector comprises the Industry Automation, Drive Technologies and Customer Services Divisions as well as the Metals Technologies Business Unit. For more information, visit http:////www.usa.siemens.com//industry. The Siemens Drive Technologies Division is the world's leading supplier of products, systems, applications, solutions and services for the entire drive train, with electrical and mechanical components (Integrated Drive Systems). Drive Technologies serves all vertical markets in the production and process industries as well as the infrastructure//energy segment. With its products and solutions, the Division fulfills the key requirements of its customers for productivity, energy efficiency, and reliability. For more information, visit http:////www.usa.siemens.com//drivetechnologies. For more information, please contact: Columbia Power Technologies Reenst Lesemann, phone (434) 220-6127 Email: rlesemann@columbiapwr.com Siemens Industry Sector Media Relations Hollie Davis, phone: (770) 751-4882 E-mail: Hollie.Davis@siemens.com ###