First Commercial Fast-Charging Station for Electric Vehicles Open for Business - Epyon is Only Provider in Europe With a Commercial Smart Charging Solution

AMSTERDAM, May 20, 2010 - Epyon, a European leader in the development and marketing of smart
charging solutions for the emerging electric vehicle (EV) market, today
announced the opening of the first commercial fast-charging station in
Europe.

Epyon's fast-charging station commercially operated by Dutch utility
company Essent, part of RWE, will be unveiled today at the Tamoil petrol
station in Leeuwarden, The Netherlands. Amongst those attending the opening
ceremony is Prince Maurits of Orange, chairman of the Formula E-team, a
project group of the Dutch government to stimulate the use of EVs.

"We are very pleased to be the supplier of choice for Europe's
fast-charging stations for EVs," says Hans Streng, CEO of Epyon. "We
cooperated with a number of partners in this initiative, including the energy
supplier Essent, the Leeuwarden community, the province of Friesland, Taxi
Kijlstra and Tamoil and are excited to have reached this milestone, which is
a key stepping-stone in the rollout of the European fast-charging
infrastructure."

The fast-charging station delivers 50 kilowatts of power, which can fully
charge the 9-person taxi-vans of Taxi Kijlstra in only 30 minutes. Taxi
Kijlstra, the largest taxi firm in the north of the Netherlands, recently
transformed two of their taxi fleet into electric powered vehicles without
any limitations on the service side. The taxi-vans can drive 100km or more on
a single fast charge. Friesland has an ambitious target of having 100,000 EVs
on the road within the next five years.

Tried & Tested

The opening of the fast-charging station at Tamoil demonstrates that
Epyon fast-charging solutions can be installed quickly, securely and in a
compliant way within the controlled environment of commercial petrol
stations.

Kjell Biezen, Electric Transportation Manager at Essent, comments: "The
unveiling of the fast-charging station at Tamoil in Leeuwarden can be marked
as the beginning of a roll out of fast-charging stations. We are committed to
become the leader in the supply of electrical energy for the EV industry."

Remotely Maintained & Compliant

The intelligent charging stations are remotely configured, managed and
maintained through Epyon's Power-Routing network. Epyon's fast-charging
station is an elegantly designed and compact outlet that does not disturb the
scenery and fits easily in a local streetscape. A single fast-charging
station can operate several compact outlets, so multiple EVs can be charged
simultaneously from a single charging station. The charging station in
Leeuwarden and all future stations of Epyon support the international
CHAdeMO-standard, an association for the standardization of quick-charging
protocols.

About Epyon

For further information please visit www.epyonpower.com

Media Contacts: Conor Lynch, Text 100 Public Relations, +31-20-5304331, conor.lynch at text100.nl; Johan Peeters, Epyon, +31-70-307-62-00, jpeeters at epyonpower.com