Epyon Awarded Young Clean Tech Entrepreneur Accolade

Award Marks Exciting Innovation Within the Electric Vehicle Industry

AMSTERDAM, The Netherlands, March 19, 2010 - At the Clean Equity Monaco 2010 Epyon, a company that develops and
markets smart charging solutions for the emerging electric vehicle markets,
was awarded the first ever Stelios Award for Young Clean-Tech Entrepreneur of
the year. The award marks a key milestone for Epyon which is rapidly emerging
as a leader in dynamically controlled ultrafast charging within the electric
vehicle (EV) industry.

Usage of electric vehicles is growing rapidly. However a major barrier
within the EV industry is the high cost of the battery, limited range and the
fear of the driver to run out of electricity due to the long recharge times.
This can be solved by ultra fast charging stations which charge the battery
in 10-15 minutes comparable to today's petrol stations. Epyon provides
network connected ultrafast charging stations that dynamically controls the
charging power to the battery, minimizes the battery charging time, and
maximizes battery life whilst balancing the available power on the grid in
the most optimal way.

Sir Stelios Haji-Ioannu who presented the award to Crijn Bouman, Epyon
founder, said: "I was attracted to Crijn's straight-forward presentation of
an excellent, simple consumer-facing product: it was something I could relate
to and I see great potential for the concept as the electric vehicle market
develops. Above all, Crijn is an entrepreneur - his presentation reflection
the kind of passion, perseverance and willingness to take risks that I look
for in winners of my Awards."

Crijn Bouman elaborates on the award: "To me it's more than a personal
award: it is recognition of the dedication and hard work of the entire Epyon
team. We are extremely well positioned to help both utility companies to
actively manage their grids and early adopters, like fleet owners, to ensure
their fleets are more energy efficient via ultrafast charging stations.
Ultimately Epyon is seeking opportunities in the burgeoning consumer electric
vehicle market by addressing some of the key drawbacks in currently owning an
electric car including long charging times and the inability to charge and
pay anywhere. "

Driving in electric vehicles is not only better for the environment; it
is also up to 75 percent cheaper than running on gasoline. Epyon technology
is based on smart charging algorithms optimized for all commercially
available lithium-ion batteries and its patented power routing architecture
allows for seamless integration into the smart grid. Epyon is currently
participating in several European roll-out initiatives.

About Epyon:

For further information please visit www.epyon.nl

Media Contacts: Conor Lynch, Text 100 Public Relations, +31-6-24678921, conor.lynch at text100.nl; Johan Peeters, Epyon, +31-70-307-62-00, jpeeters at epyon.nl