1. www.altiragroup.com © 2004 Altira Group LLC. All Rights Reserved. Jim Newell Partner

2. www.altiragroup.com Early stage energy technology investors Initial investment size typically $1-$3 million First institutional investor(s), prefer to lead Right combination of technology, markets and management Investment premise Energy technology providers have higher growth rates and higher returns than the energy producers Four funds managing $100 million Investment team Experienced industry/investment professionals About Altira 20 current portfolio companies in 3 funds 11 new investments in past 12 months

3. www.altiragroup.com Altira invests in seed and early stage companies that seek to develop and commercialize advanced energy technologies focused on the various sectors that make up the energy industry: Investment Focus Oil and Gas: upstream and downstream Information Technology for the energy industry Electric Power generation, transmission & distribution Renewable Energy

4. www.altiragroup.com Investment FocusOil and Gas technologies Reservoir imaging and analysis Production technologies Smart fields & fiber optics Information technologies for the energy industry GIS Process monitoring & control systems Inter-enterprise software Electric power related technologies Asset management Power & load management Energy procurement Renewable/Alternative energy Wind power Fuel cell testing

5. www.altiragroup.com Early stage investing finally begins to rise Two straight years of quarter-to-quarter declines in venture capital investing ended in Q2 2003 Q2 2004 investment of $5.6 B in 761 companies was a two- year high (NVCA) Q2 2004 investment of $5.6 B in 761 companies was a two- year high (NVCA) Current investment levels consistent with trend of the 90’s $5 Billion in energy funds raised Primary focus oil & gas operating companies Energy investments still <5% of VC market but in line with general venture trends (NVCA) Energy investments still <5% of VC market but in line with general venture trends (NVCA) Energy technology even less Venture investment in energy technology Difficult to track energy technology specifically – appears to be increasing Difficult to track energy technology specifically – appears to be increasing Cleantech Venture Monitor cites investment growth in clean energy technology of 8% from 2002-2003 Cleantech Venture Monitor cites investment growth in clean energy technology of 8% from 2002-2003 Venture Capital Activity

6. www.altiragroup.com Venture Capital Activity Source: NVCA Yearbook 2004

7. www.altiragroup.com Altira seeks outstanding companies for its portfolio. What, specifically, are we looking for? Investment Criteria A solid management team A compelling value proposition A sustainable competitive advantage Seed and early stage Venture return potential

8. www.altiragroup.com Recent InvestmentsOil and Gas technologies Information technologies Power related technologies Renewable/Alternative Energy