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Pentalum Technologies Receives Investment from GE Ventures to Close Round C

July 9, 2013

GE Ventures invests in the development and market penetration of Pentalum’s Nacelle Mounted LiDAR system for wind turbine control

REHOVOT, Israel, July 9, 2013 /PRNewswire/ –

Pentalum Technologies, which develops the SpiDAR, a cost effective wind Light
Detection and Ranging system (LiDAR) for remote sensing of wind, announced today that it
has received a strategic investment from GE Ventures, the investment arm of GE one of the
world’s leading suppliers of wind turbines. The new investment will be used to support
Pentalum’s continued development and market penetration of its innovative LiDAR systems
for wind turbine control.

“GE’s broad expertise in energy and power generation, coupled with its strong position
as a leading wind turbine supplier, will enable us to expand the development of Pentalum’s
Nacelle mounted SpiDAR,” said Sagie Tsadka, Co-Founder and CEO of Pentalum. “GE Ventures’
decision to invest in Pentalum furthers our confidence in our development path, and will
assist us in bringing our cost effective Nacelle SpiDAR to a leading position in existing
and future models of wind turbines.”

For GE, Pentalum represents a best-in-class wind measurement technology that is low
cost enough to drive mass market adoption. It has the potential to reduce the cost of
energy by optimizing energy capture and mitigating mechanical loading due to extreme wind
events through an optical wind remote sensing innovation which utilizes an accurate, low
cost, low powered laser-based system, thus enabling cost effective, higher efficiency wind
turbines.

Colleen Calhoun, senior executive director, GE Ventures- Energy said, “GE Ventures
seeks out partners that are disrupting industries and that can help us fulfill our mission
to make the world work better – to build, power, move and cure. Pentalum’s SpiDAR is a
cutting-edge approach to wind turbine technology, allowing increased global penetration of
wind energy and aligns well with GE’s ecomagination initiative.”

About Pentalum

Pentalum develops the SpiDAR(TM) – an innovative, cost-effective pulse wind LiDAR
(Light Detection and Ranging) system, for remote sensing of wind. The SpiDAR’s unique
architecture enables the use of common, reliable components, allowing Pentalum to maintain
lower production costs. The SpiDAR system targets all three main wind farm applications:
wind resource assessment, wind turbine control and wind forecasting. Pentalum is committed
to providing its customers with advanced wind sensing technology and high quality
engineering support.

About GE Ventures

GE Ventures is committed to identifying, scaling and accelerating ideas that will make
the world work better. Focused on the areas of software, advanced manufacturing, energy
and healthcare, GE Ventures helps entrepreneurs and start-ups succeed by providing access
to GE’s technical expertise, capital and opportunities for commercialization through GE’s
global network of business, customers and partners. GE Ventures offers an unparalleled
level of resources through its Global Research Center, including: 35,000 engineers; 5,000
research scientists; 8,000 software professionals; as well as 40,000 sales, marketing and
development resources in over 100 countries. For more information, please visit

http://www.ge.com/company/ge-ventures.

For more information please contact Gil Shamai, VP of Business Development
gil.shamai@pentalum.com Tel: +972(0)72-2479840

SOURCE Pentalum Technologies


Source: PR Newswire