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Emerald Technology Ventures invests in Canadian-based water infrastructure inspection company PPIC
Names two to board

Zurich-Montreal, September 8th, 2008

The Pressure Pipe Inspection Company (PPIC), a leader in water pipe infrastructure inspection technologies, has announced the closing of its first venture capital financing in the company's eleven year history. Emerald Technology Ventures, a global leader in cleantech venture capital, was the sole investor in the financing round. As the acknowledged global leader in the evaluation of water pipelines, PPIC provides their clients with the information they need to fully understand the actual condition of their infrastructure. Based on this assessment, water supply system managers can establish a meaningful cost-savings plan for the rehabilitation and long-term maintenance of their lines. By pinpointing damaged sections of pipe, PPIC helps clients save millions of dollars in pipeline repair costs. PPIC is committed to working with the water industry to help set the standards for pipeline inspection and monitoring. They continue to bring new pipeline evaluation technologies to market by investing in R&D and working closely with external research partners.

“The aging water infrastructure in cities around the world combined with the scarcity and conservation of water is driving the growth of PPIC”, said Peter Crombie, Partner with Emerald Technology Ventures. “This is the classic case of a private company that has hit an inflection point where it requires equity capital to rapidly grow its business in light of the growing market demand”.

“We are excited by the potential for our business and are pleased to have partnered with Emerald Technology Ventures given their international connections and experience working with high-growth water technology companies”, said Brian Mergelas, CEO of PPIC. “Building on our success to date, this investment will accelerate our growth in North America and in other key global markets”.

In connection with this financing, Peter Crombie and Scott MacDonald of Emerald Technology Ventures have joined the PPIC Board of Directors.

About the Pressure Pipe Inspection Company (PPIC)
PPIC is the recognized leader for condition assessment of strategic pressurized water pipelines. The company’s customers are water and wastewater utilities around the world that are responsible for managing an aging and expensive water infrastructure. PPIC’s uses patented technologies to evaluate and pinpoint problems and prioritize rehabilitation budgets in order to reduce water losses, avoid catastrophic pipeline failures, defer capital expenditures and meet regulations.

About Emerald Technology Ventures
Emerald Technology Ventures is a global leader in cleantech venture capital. Founded in 2000, Emerald is a pioneer in this rapidly emerging sector and is focused on innovative technologies in energy, advanced materials and water. From offices in Zurich, Switzerland and Montreal, Canada, Emerald manages three venture capital funds and two venture capital portfolio mandates totalling over EUR 300 million (USD 440 million). Emerald is currently investing out of its latest fund and is looking for energetic and passionate entrepreneurs with the vision to build world-class clean technology companies.

For more information please contact:

Emerald Technology Ventures
Hans Dellenbach
Chief Financial Officer
Seefeldstrasse 215
8008 Zurich
Tel +41 44 269 61 23
Fax +41 44 269 61 01

Emerald Technology Ventures
Scott MacDonald
300, rue du Saint-Sacrement, Suite 425
Montreal, QC H2Y 1X4
Tel +1 514 789 6458
Fax +1 514 286 9817

Publisher Contact Information:

Emerald Technology Ventures
+41 44 269 61 23

Company profile of Emerald Technology Ventures (formerly SAM Private Equity)
Past press releases of Emerald Technology Ventures (formerly SAM Private Equity).


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