Konarka CEO Howard Berke Joins Executive Leadership Team at Good Energies; Transitions to Executive Chairman of the Board at Konarka

Berke to Focus on Expansion Strategy and Global Renewable Energy Issues for Good Energies

Zug, Switzerland/Lowell, Mass. – June 25, 2007 – Good Energies, one of the leading global investors in the renewable energy industry, and Konarka Technologies, Inc., an innovator in development and commercialization of Power Plastic™, a material that converts light to energy, today announced Howard Berke, co-founder, chairman and CEO of Konarka, has joined the executive leadership team at Good Energies, effective immediately. Mr. Berke will focus on the expansion strategy of Good Energies and advising portfolio companies. Good Energies places its emphasis on the interrelated business areas of solar energy, wind energy, load management and green buildings.  

“Howard will work closely with Good Energies’ leadership team, advising portfolio companies,” said Richard Kauffman, CEO of Good Energies. “His leadership experience and network as well as his experience as an entrepreneur have strategic importance for Good Energies’ expansion strategy moving forward. Having worked with Howard for many years, we are very excited to have him join our team.”

With this new leadership position at Good Energies, Mr. Berke will continue at Konarka in the new role of executive chairman of the board for the company focusing on the company’s ongoing strategic direction, global corporate partnering and scale-up joint ventures. Rick Hess, currently president and chief operating officer, will succeed Mr. Berke as president and CEO of the company.

“In this challenging position at Good Energies, I look forward to further utilizing my industry expertise, ensuring that renewable energy interests and innovative technologies are identified and supported not only in  the state of Massachusetts, but also nationally and globally,” said Howard Berke, new executive chairman of the board at Konarka. “Good Energies is very well positioned to execute on a global expansion strategy and I am excited to be a part of its leadership team.”

Mr. Berke has nearly 30 years of hands-on management experience launching, building and leading both public and private technology companies. This includes 20 years of general management with full P&L responsibility for eight start-up companies and nine years of business development and marketing focusing on emerging technologies. He has founded or co-founded 13 start-up companies and has initiated and completed numerous corporate acquisitions, mergers and R&D joint ventures in the US, Europe and Asia. He advises start-up companies and entrepreneurs in a wide range of fields including medical devices, biotech informatics, software, networking, telecom and energy technology.

In addition to serving as Konarka’s delegate to the World Economic Forum’s Technology Pioneers, Mr. Berke sits on the board of directors for The American Council On Renewable Energy (ACORE) and is chartered with the Washington International Renewable Energy Conference (WIREC 2008). He has helped to found and organize the Massachusetts Clean Energy Council and has guest lectured on entrepreneurship at Yale, Harvard, MIT and elsewhere throughout the world. He received a Master of Business Administration (MBA) from the University of Chicago and a Bachelor of Arts (BA) from Yale University.
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About Konarka Technologies, Inc.
Konarka builds products that convert light to energy – anywhere. As the leading developer of polymer photovoltaic technology that provide a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications, Konarka has a broad portfolio of patents, technology licenses and an accomplished technical team. The Company's technology is focused on delivering lightweight, flexible, scalable and manufacturable products. Konarka Technologies is headquartered in Lowell, Mass., U.S.A., with European headquarters in Nuremberg, Germany, and research and development facility in Austria. For additional information, visit www.konarka.com.

About Good Energies
Good Energies is one of the leading investors in the renewable energy industry and a member of COFRA Group, a privately owned group of companies. The current market capitalization of its portfolio is approximately three billion Euros. Good Energies places its emphasis on the interrelated business areas solar energy, wind energy, load management and green buildings. The company invests across all life cycles of a company and pursues a long-term investment approach. Good Energies is guided by the 3-P-principle (3-Ps): people-planet-profit; being an investment firm it also aims to accelerate energy transition and strives to alleviate poverty by improving access to affordable renewable energy. Good Energies operates globally and is headquartered in Zug/Switzerland.
www.goodenergies.com

Contact Information:
Konarka
Tracy Wemett
BroadPR
+1-617-868-5031
.(JavaScript must be enabled to view this email address)

Good Energies
Dr. Alexander Rohde
Corporate Secretary/spokes person
.(JavaScript must be enabled to view this email address)
Tel. +41 41 560 66 60

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