2007

<Press Release>
29 October, 2007

Loopwing won the Tokyo Technical Venture Award 2007

Highly evaluated for its innovativeness, level of completion, originality, marketability, and business-feasibility.

Loopwing Co., Ltd, the innovative researcher and developer of wind turbine and other fluid machineries with the proprietary wing technology, was honored with the Special Award at the 'Tokyo Technical Venture Award 2007, organized by Tokyo Metropolitan Government. The award ceremony took place at the Tokyo Big Sight where Loopwing received the award and a prize from Shintaro Ishihara, the governor of Tokyo.

The Tokyo Technical Venture Award is given by Tokyo Metropolitan Government to those venture businesses attempting to bring about innovative technologies and products with the aim of vitalizing Tokyo and creating employment in the city. This year, 8 nominees including Loopwing Company were selected from initial 115 applicants through reviews and a company-visit by the award committee comprised of professionals of different fields.

Loopwing Company won the Special Award for its Loopwing Wind Turbine, which the company developed and commercialized. The wind turbine was highly evaluated for its innovativeness, level of completion, originality, marketability, and business-feasibility. "We started the Tokyo Technical Venture Award with an intention to encourage the Japanese to gain self-confidence, and I am truly grateful that these winners have proven the power of Tokyo, the power of Japan to the world," said Shintaro Ishihara, the governor of Tokyo.

"Loopwing Wind Turbine is a whole new type of turbine that solves the problems faced by the conventional small wind turbines, and it is a young product that we just started sales this year. I am delighted that the committee praised our technology in the early stage," said Minoru Yoshida, Representative Director of Loopwing Company and the inventor of Loopwing Wind Turbine. "I believe that this award will add momentum to our business," he added.

Since its foundation in 2003, Loopwing Company has advanced the development of Loopwing Wind Turbine through a number of field-studies and tests at the National Institute of Advanced Industrial Science and Technology (AIST) and Mie University. Although the company currently sells its only product with the diameter of 1.5m to the domestic market, it plans to test a new grid-connection-ready model in a severe-wind area of Mongolia and a typhoon-rich area of Okinawa in early 2008. This will be a big step towards development of large scale models and the spread of Loopwing Technology throughout the world. Loopwing Company will strive to deliver new values through innovations in the fields of fluid machinery.