"The capital infusion from top-tier, long-term investors will allow us toexpand manufacturing and support our entry into the wind turbine originalequipment manufacturers' market with generators capable of producing up tothree megawatts. We will also scale up generator development for largerdirect drives and offshore units," Dan Gizaw, CEO of Danotek, based in AnnArbor, Mich., said of the initial $7.25 million funding round, which CMEAVentures and StatoilHydro Venture led and which closed Sept. 23. Thebalance of the funds are to be provided in a subsequent round. Additionaldetails of the funding were not disclosed.

Danotek's patent-pending variable speed Permanent Magnet Generators savemore than $1 million per turbine for wind farm developers and wind turbineoriginal equipment manufacturers over the life of a turbine. Their uniquedesign offers high performance at low wind speed. They are significantlymore efficient than conventional generators (with efficiency rates topping98 percent), and they incur lower operating costs. They are half theweight of conventional generators and have improved reliability, becausethey contain no "wear-and-tear" parts. Danotek's generators andelectronics power converters have elicited interest from large-scale windturbine manufacturers globally.

"CMEA's energy and materials group reviewed 1,500 potential green energydeals in the past 12 months and only invested in four, including Danotek,"said James Kim, senior partner, CMEA Ventures. "In this space, it's notenough to have great technology. You also need a team that knows how toscale its business and forge partnerships with industry incumbents.Danotek's executive team has accumulated the deep energy industryexperience needed to build a successful business on its breakthroughtechnology."

"With its strong technical experience built during decades of research anddevelopment of permanent magnet generators and control electronics, Danotekis well positioned to take advantage of the technological, regulatory, andlong-term economic and societal factors increasing the demand for powergenerated by renewable sources," said Kevin Skillern, managing director andleader of venture capital at GE Energy Financial Services. GE has investedmore than $150 million in the last two years in early- and growth-stageenergy- and water-related technology companies.

"At StatoilHydro Venture, we are looking for companies with uniquetechnology that helps increase the efficiency and reliability oflarge-scale wind turbines. Danotek is a such company, and we believe thatits high-efficiency generators will make a huge impact on the onshore andoffshore wind industry," said Ståle Myhre, investment director,StatoilHydro Venture.

About Danotek Motion Technologies

Danotek Motion Technologies, Inc. (Danotek) is a clean technology companythat develops high efficiency energy conversion systems for the energy andtransportation markets. The company has patents pending on several highenergy efficiency products: Permanent Magnet (PM) Generators, electronicsintegrated pumps, variable speed fans, electric vehicle steering systems,for EV/HEV, fuel-cell, wind turbine, and combined heat and powerindustries. Danotek was founded in 2001 by an experienced former GE,automotive engineering and management team. Danotek is based in Ann Arbor,Mich. http://www.danotekmotion.com

About CMEA Ventures:

CMEA Ventures is a venture capital firm focused on energy and materials,high technology, and life sciences investments. CMEA believes that the mostsuccessful venture backed companies are science focused and haveexperienced teams intent on winning. As a result, CMEA's portfoliocompanies typically have cutting edge, highly differentiated, and oftenmultidisciplinary technology at their core, with founding teams of thehighest caliber.

CMEA invests in both early and late stage ventures and has a strong networkof corporate, investment, and entrepreneurial relationships that itleverages on behalf of its portfolio companies. The firm currently managessix funds representing investments in excess of $1 billion. CMEA has beenan early stage investor in many leading Silicon Valley high technologycompanies, including A123Systems, Entropic (ENTR), Flextronics (FLEX),Magma (LAVA), Maxygen (MAXY), Silicon Spice (BRCM), Solyndra, Symyx (SMMX).

About StatoilHydro:

StatoilHydro (NYSE: STO) is a Fortune 50 integrated oil and gas companybased in Norway, the leading operator on the Norwegian continental shelf,and an expanding international company. www.statoilhydro.com

About StatoilHydro Venture:

StatoilHydro Venture operates as an independent unit with the ambition tobuild great companies backed by its industrial expertise, strategic skillsand capital. It has 25 active investment in both the upstream oil & gas,and in cleantech.

About GE Energy Financial Services

GE Energy Financial Services' experts invest globally with a long-termview, backed by the best of GE's technical know-how and financial strength,across the capital spectrum in one of the world's most capital-intensiveindustries, energy, to help their customers and GE grow. With $19 billionin assets, GE Energy Financial Services is based in Stamford, Connecticut.In renewable energy, GE Energy Financial Services is growing its portfolioof more than $4 billion in assets in wind, solar, biomass, hydro andgeothermal power. For more information, visitwww.geenergyfinancialservices.com.

About GE

GE (NYSE: GE) is a diversified global infrastructure, finance and mediacompany that is built to meet essential world needs. From energy, water,transportation and health to access to money and information, GE servescustomers in more than 100 countries and employs more than 300,000 peopleworldwide. GE is Imagination at Work. For more information, visit thecompany's Web site at http://www.ge.com.

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Media Contacts:CMEA:Liz HaasCMEA(at)atomicpr.com415-402-0230GE Energy Financial Services:Andy Katell203-961-5773StatoilHydro Venture:Email Contact+ 47 917 51 878