Zolo Technologies, Inc.

Zolo Technologies Completes $5 Million Series C Financing

Boulder, Colorado –15 July, 2005 – Zolo Technologies received $5 million to support it’s ongoing efforts to bring their unique laser-based instrument to market. The ZoloBOSSTM can measure combustion constituents in harsh environments because the measurement requires only a beam of light to traverse the combustion zone. The instrument can measure multiple constituents simultaneously including those that comprise greenhouse gases and will enable coal-fired power plants and jet engine designers to optimize performance and reduce emissions.

During his campaign for the Presidency, George W. Bush pledged to commit $2 billion over 10 years to advance clean coal technology and the ZoloBOSS is an important tool in reaching that goal. Ian Jenks, partner with Crescendo Ventures was supportive: “We are delighted about the interest the market has already shown for technology that can both measure and map combustion
performance. Zolo continues to exceed our expectations through a combination of excellent
management and technical accomplishments”

“Measuring directly in these extremely hazardous environments is giving turbine engine designers
and power plant operators new information that they have never been able to gather before“ said
Dr. Andrew Sappey, CTO, Zolo Technologies.

The financing was led by existing Zolo investors, Canaan Partners, Crescendo Ventures and
Morganthaler Ventures.

Demonstrated at key U.S. power plants and already the subject of multiple government funded
research grants, the ZoloBOSS technology has received enthusiastic market interest. This recent
round of funding will enable Zolo to satisfy the needs of it’s customers. The ability to measure and
map the concentration of multiple constituents directly in the combustion zone makes Zolo unique in the industry.

Zolo Technologies, Inc. combines 30 years of manufacturing experience with cutting-edge
technology to deliver the state-of-the-art spectroscopy sensors that enable combustion optimization
in everything from power plants to jet engines.

Better Measurements mean Better Results,

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