News

Rehovot, Israel - January 1, 2001 - Green Power Technologies Ltd., a leader for smart, value added, solutions in the power-conversion market, today announced the appointment of Eitan Cohen, formerly Avant! Israel Section head, as its Chief Executive Officer. "We are pleased to have Eitan Cohen as a member of our team," said Elisha Shahmoon, Chairman of Board of Green Power Technologies. "With his management experience in sales and in design of integrated circuits, Green Power Technologies is moving towards offering a wide selection of advanced, integrated, power management solutions."

About Green Power Technologies Ltd.:
Green Power Technologies Ltd. provides advanced, high efficient, easy-to- implement, very cost efficient solutions for power conversion market. The company is currently offering an advanced power factor correction solution for the full range of power. The company was founded in April 2000, and is headquartered in Park T. M. R, Rehovot, Israel. Ad-Tec Holdings - a group of strategic investors - invested seed money in the company. On March 2001 GPT and Formula Ventures - a leading Israeli venture capital - completed the first round of financing.