24 Danish and Swedish companies compete for the attention of international investors representing billions of DKK

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2 To the news desk 26 August 2009 Tech Tour 2009 Denmark Southern Sweden launched: 24 Danish and Swedish companies compete for the attention of international investors representing billions of DKK e-conomic, Modstrøm A/S and the Swedish company Scalado are among the 24 companies chosen by the Tech Tour 2009 Denmark Southern Sweden selection committee out of more than 200 applicants. From today, August 26, until tomorrow evening, the selected companies will be presenting to a wide range of international venture funds representing billions of DKK looking for opportunities to invest in these companies. Over the next 48 hours, the venture fund representatives will take a tour de force featuring presentations of the most attractive Danish and Southern Swedish high tech and cleantech companies today. The investors will encounter an extremely strong group of companies with highly interesting commercial potential, says Anders B. Christjansen, President of Tech Tour 2009 Denmark Southern Sweden. Copenhagen, 26 August 2009 Millions of willing investor dollars are at stake in the next 48 hours, as American and European capital funds travel around Denmark and Southern Sweden to meet 24 of the most attractive high tech and cleantech companies in the region. It is a unique opportunity for the selected companies to secure vital capital for activities such as continued development and pursuing a global breakthrough especially in these times where even large and well-established companies have difficultly obtaining risk-willing capital, says Anders B. Christjansen President of The Tech Tour Denmark Southern Sweden Last night, The Tech Tour Denmark Southern Sweden commenced with a gala dinner in the historic Stock Exchange Hall in Copenhagen, where the names of the 24 companies who made it through the demanding selection process were announced. More than 200 companies registered to participate in the battle for the opportunity to present themselves to the visiting venture funds. To succeed, however, they had to make it past the 18 member Tech Tour Selection Committee, comprising of representatives from companies such as Northzone, Sunstone, TDC, Vækstfonden, PwC, Connect Danmark and Danfoss. Unique technologies and global potential Each of the 24 companies in the running for the investors funding has a strong position with unique technologies and global potential. With its advanced financial management program, the Danish company e-conomic International A/S has the potential to be the next Navision, and is already expanding rapidly internationally. Additional capital would enable the acceleration of these expansion efforts. Modstrøm A/S aims to destroy as many CO2 quotas as possible while delivering green electricity. And the Southern Swedish company Scalado has set its sights on making mobile telephone cameras much more competitive with standard digital cameras by significantly minimising so-called shutter lag (the time between the button is pushed and the picture is actually taken).

3 The European Tech Tour Association (ETTA) is an independent, non-profit organization based in Geneva. Since its inception in 1998, the European Tech Tour Association s series of high quality, highly interactive events have developed into an excellent opportunity for European high-tech businesses, particularly younger and smaller ones, to meet with specialized venture capital and corporate investors. These events provide an important opportunity for the technology industry to develop by bringing local experts together with global players. For the international investors present, this leads to the creation of a platform from which they can gain direct access to projects and people of high relevance. For the local high growth companies that attend, this means not only creating wealth and future jobs, but also the chance to act as a catalyst for discovery, bringing change and innovation to the national economy and boosting the global competitiveness of the European economy. The European Tech Tour organizes three to four tours per year in different European countries and 1 to 2 vertical events that will gather the best emerging European companies in a given industry sector. The Tech Tour at a glance 38 Successful events to date 750+ best practice local volunteers 900+ selected companies delegates from over 20 countries referred projects evaluated guests invited to opening dinners The European Tech Tour Association therefore, puts all the pieces into play for successful networking amongst the participants, alongside company presentations that create a lasting impression. It is hoped that all this paves the way towards attractive offers that lead to investments, regeneration, as well as continued growth and innovation. From August 25th- 27th, 2009, you can enjoy a truly memorable event that will take you through the technology hotspots of Denmark & Southern Sweden. Starting in Copenhagen with the Gala dinner at the unique and beautiful Børsen, Børssalen and a visit to the Opera House before presentations at various places including Eigtveds Pakhus before travelling to Malmo and Lund, including a special event at Malmø Harbour and presentations at IDEON Science Park and the Turning Torso. The country s 25 leading lights in the technology world will be given the chance to present their company to a select group of international investors from around the world, creating a unique opportunity for networking and knowledge-sharing. We would be more than happy to send you further information about this or future Tech Tour, or answer any questions you may have. Therefore, please do not hesitate to contact me if you have any queries. Upcoming Events in 2009: Russian Tech Tour, September 22-25, 2009 Web & Mobility Summit, November 18-19, 2009 Audemars Piguet Changing Time Award, 19 November 2009 For further information, please go to: Kind regards, Laurian Krell Marketing and Communications Manager European Tech Tour Association Tel: Fax: Laurian@techtour.com

4 Background GDP growth in Denmark reached 1.8% in 2007, somewhat below the EU27 average of 2.9%. In this context, a decline in the fundraising of private equity houses was recorded, but in the meantime, a very high level of investments by Danish players and into the Danish market was observed. On the divestments side, exits were healthy but not booming. Given its size, the Danish market seems to have reached a certain maturity and showed a mid-term growth trend as regards fundraising, investments and divestments. Sources of capital Danish private equity firms witnessed a 47.5% decrease in their fundraising activity compared to 2006, at million. This is the lowest level of fundraising observed since Captives raised 62.0% less funds, realised capital gains decreased by 88.0% and independent funds raised 38.9% less funds. While funds raised expected to be allocated to high-tech venture investments decreased by 57.4%, the expected allocation to non high-tech venture investments more than doubled (+130.5%), with non high-tech early-stage jumping from 0.7 million to 44.8 million and non high-tech expansion/development increasing from 65.9 million to million. Amounts collected by buyout funds dropped by 81.1%, and represented only 12.7% of the total funds raised. Corporations have increased their commitments from 1.1 million to 70.1 million, while capital markets have provided 44.3 million, up from 4.8 million in Nevertheless, the primary sources of funds remained pension funds and government agencies, with 27.9% and 22.2% of the total new funds raised in 2007 respectively, and despite a sharp drop in their allocations by amount. Insurance companies have appeared on the radar with 20.1 million contributed. Even though still low, individual participation has increased from 0.2 million to 1.6 million in 2007.

5 Investment patterns 2007 investments by Danish private equity houses were at an all-time high, with 1.2 billion invested. In that respect, 2007 investments topped the 2005 level by million. Denmark hence shows a binary rhythm with a low investment year, followed by a high investment year. Denmark has shown a sharp increase in early-stage investments and buyouts, while expansion investments dropped slightly. The increase in early-stage investments came from the higher number of investments registered in 2007, while on the buyout side, the increase came from the swift increase in the average deal size. Early-stage investments jumped from 32.0 million invested in 14 companies to million invested in 69 companies. Buyout investments clearly evolved towards the higher end of the market. Amounts invested increased more than fivefold, while the number of financed companies increased from 20 to 26 companies. Three investments with a transaction value of 1 billion contributed to this record amount in buyout investments. Communications was the only sector in which the amount invested decreased (by 66.6%). In life sciences (the primary sector invested in), investments increased from 92.0 million to million, while the number of companies financed actually decreased from 50 to 45 companies. By amount, it was followed by business and industrial products investments that increased from 43.9 million to million. By number of investments and number of companies invested in, computer and consumer electronics came second. Most of the deals remained non-syndicated, while amounts invested in initial rounds were at par with follow-ons. Danish private equity players mainly invested domestically. The remaining 21.9% of the amount was mainly invested in other European countries, which is a change from 2006 when these funds were mostly invested outside Europe. While all the 2006 investments were done by independent funds, captives and the public sector altogether represented 43.2% of the number of deals in Investments into Danish companies reached 1.7 billion, indicating that non domestic private equity houses have been quite active in this market. About 65.0% of the total amount referred to buyout deals, of which half were mid-market. The most popular sector in Denmark was life sciences, with 27.9% of the total amount and 35.9% of the total number of deals. However, when looking at venture deals only, life sciences was the second most financed sector only by amount, after business and industrial products. Altogether, foreign private equity firms invested million. Out of these investments 45.3% were expansion and 40.6% buyouts. However, half of the deals were start-up, worth 39.3 million. With million invested into Danish companies, UK based private equity firms represented more than half of the total amount invested by foreign private equity players into the country. However, by number of deals, Sweden ranked first, with one third of the total number of deals.

6 Exiting Danish private equity houses have increased their divestments by 33.7%, reaching million. In the meantime, the number of divestments and the number of companies divested doubled. Increasing from 54.1 to 75.4 million, trade sales led the upward trend in divestments. However, the average divestment size for trade sales dropped dramatically, following a sharp increase in the number of divestments by trade sales. Divestments by public offering and secondaries followed trade sales by number of divestments and number of companies divested. Divestments from Danish portfolio companies amounted to million. Even though trade sales were the leading exit path with 98.2 million, foreign private equity firms showed much more interest in secondary deals than local private equity firms, with this type of deals in Denmark reaching 59.8 million.

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15 PRESENTING COMPANIES Company Logo Company overview Our mission is to provide mobile network operators globally with carrier grade Wi-Fi offload and roaming solutions to help them solve the recent fast-growing demand for mobile broadband data. This can be provided as a revenue sharing software-as-aservice model or as a licensed based platform deployed in the operator s network. Expansion Dublin, Ireland Larry Quinn Brite:Bill s technology creates positive billing interactions with customers, tackles billing issues and pre-empts customer support questions, while highlighting appropriate new services. Growth Dublin, Ireland Alan Coleman Clear Returns aims to be the global force in returns intelligence. The business offers itself to a very high growth model, with a sales cycle that repeats as inventory changes, and it can scale across geographies and retail sectors. Start-up Glasgow, UK Vicky Brock 1

16 Cloudsoft's flagship product is the Cloudsoft Application Management Platform (AMP) which automates the configuration, deployment and dynamic runtime management of Enterprise and Big Data cloud applications in accordance with policies, KPIs and other pre-defined objectives. Start-up Edinburgh, UK Duncan Johnston-Watt Evanidus takes two of the biggest global platforms (smartphones and social media), and leverages them to create the most innovative and far reaching model that exists in the publishing world today. Start-up Edinburgh, UK Steven Kennedy IE-CHP develops and commercializes low carbon, energy efficient micro combined heat and power (mchp) systems and solutions for both residential and commercial properties with particular emphasis on fuel cell led applications. Expansion Glasgow, UK Colin Gardner Inhance Technology give peace of mind when it comes to protecting their smart devices and data. Through strategic alliances with the world s leading Insurance providers, we develop smarter device insurance policies. Expansion Cork, Ireland Paul Prendergast mled is introducing a new generation of Light Emitting Diode (LED) technology - the ultra-high brightness, power efficient microled array for Near To Eye (NTE) and Head Up Display (HUD) markets. mled s mission is to become the number one provider of portable high-brightness microdisplays. Start-up Glasgow, UK Dr. Jim Bonar 2

17 MOFgen wants to be the leading developer of Metal Organic Framework (MOF) materials for anti-microbials. Seed St. Andrews, UK Ian Muirhead (acting CEO) We enable our customers to optimize their business processes by delivering an open and independent IP video surveillance software platform. Mingoville s objective is to provide a multiplatform universe for English learning for kids aged 5-12 years with the online universe a mingoville.com as starting point. Our company mission is to promote a greener world through innovative technology and ground-breaking projects. To be the first successful electricity provider in the Danish market and to be the first electricity provider to expand into new markets in Europe. Nangate has developed and brought to market groundbreaking new optimization software (Nangate Design Optimizer) and IP that enables semiconductor companies to significantly improve utilization of current and future silicon process technologies. 3

18 Napatech 1 & 10GbE network adapters removes the bottleneck of standard CPU (server) processing of GbE network traffic e.g. when accurate and reliable measurement and analysis solutions are required. Neo Technology aims to disrupt the foundation of the web & enterprise software stack the database layer by providing an open source, enterprise strength graph database written from the ground up for web 2.0/3.0 applications. Octoshape's mission is to lower the costs and increase the quality of live and on-demand streaming. Having created a unique technology for streaming audio and video, Octoshape wants to better the user experience of streaming content, all the while cutting costs for the broadcasters. Scalado CAPS SDK enables you to provide stunning imaging applications at a fraction of normal development costs and with minimal use of valuable memory. Using Scalado CAPS SDK, device manufacturers can quickly develop exciting imaging applications that are extremely CPU and memory efficient. Secunia aims to become the brand synonymous with vulnerabilities, to become the world wide leading provider of vulnerability intelligence and to develop world class applications and utilities for identification and elimination of vulnerabilities. 4

19 Establish SMS PASSCODE as a leader in a new generation of two-factor authentication based on SMS that uniquely protects employee and consumers alike against the modern internet identity theft threats. SunFlake develops high efficiency solar cells with a substantially lower production cost than for competing cells with comparable efficiencies. By 2011 the objective is to have a 30% efficient single junction solar cell with an area of 1 cm2. Unwire serves our customers by offering the widest and easiest to use solutions and by implementing product portfolio of ASP based standard platforms. With a single connection to the Unwire Mobile Platform, the customer is able to use the full functionality of the platform across mobile technologies, payment systems and countries. Reduce power waste and increase computing density by high efficient power supplies in servers centers. More efficient power supplies also reduce the need for airconditioning and back-up power systems. This leads to reduced facility investment. gosupermodel is a site Where girls rule We take our users seriously and respect them as the first digital natives they are. gosupermodel gives girls a place to express themselves to their peers in a creative and social environment. 5

20 We develop a SaaS software product for marketing people to get their static PDF files online in a user-friendly way that increase readership and gives insight into reader behaviour. 6

21 I am very proud that we are able to present such an excellent and strong field of 17 Danish and 7 Swedish companies participating in Tech Tour 2009 Denmark Southern Sweden. We have selected companies with unique technologies, global potential and a high probability of financial success within their respective areas of business. And so we have performed the mission that represents the overall goal for Tech Tour as a non-profit organisation, says Anders B. Christjansen, President for Tech Tour 2009 Denmark Southern Sweden. The presentation of the 24 investment candidates will take place today and tomorrow at the following locations: Copenhagen Opera and Eigtveds Pakhus in Copenhagen, Søhuset in Hørsholm, Sony Ericsson and Ideon in Lund, and Science Park and Turning Torso in Malmö. For further information: If you would like to know more about The Tech Tour Denmark Southern Sweden 2009, you are welcome to contact Harry Levin (levin@outcom.dk) or Andreas Sune Hansen (hansen@outcom.dk) at OutCom on telephone , who will then provide contact with the relevant spokespersons for The Tech Tour Or Laurian Krell Marketing Communications Manager European Tech Tour Association Laurian@techtour.com Phone: About The Tech Tour The European Tech Tour Association (ETT) was founded in Geneva in 1998 in response to the growing interest in emerging technology companies in various European regions. ETT is an independent, not-for-profit organization composed of key contributors to the high-technology industry. The association recognizes that continued prosperity in Europe lies in its ability to transform today's innovative projects into tomorrow's global technology leaders. A wide range of companies and organisations have elected to sponsor The Tech Tour, including the Danish Enterprise and Construction Authority, who is the main sponsor. Following a gala dinner on 25 August 2009, The Tech Tour 2009 will be held on August in Copenhagen, Northern Sealand, Malmö and Lund. There is no charge for the high tech and cleantech growth companies to participate in the event. The participants from the international venture funds pay for access to the event and to cover the costs of accommodations and transport during the Tour. All persons and companies who participate in The Tech Tour contribute to the development project on a pro bono basis. This includes Anders B. Christjansen, who is President of The Tech Tour 2009, Svend Lingjaerde, President of the European Tech Tour Association and OutCom A/S, which manages communication and all media contact for The Tech Tour Read more at