News

Rehovot, Israel - January 3, 2002 - Green Power Technologies Ltd. (GPT), a leader for smart, value added, solutions in the power-conversion market, today announced that it has successfully demonstrated to strategic customers and partners its Pine and Cedar prototypes demonstrating the company's innovative patent-pending Power Factor Correction (PFC) technology.

Based on an Switch Control Assembly (SCA) implementation, the Pine and Cedar prototypes are replacing a traditional complicated analog discrete-component circuit enabling a "Plug & Play" modular solution for power supply companies who have to implement the PFC unit in their new power supply designs according to new environmental standards.

"The prototype demonstrates to our customers and partners the breakthrough introduced by our SCA technology as means of cost-effectively scaling switching capacity without compromising performance," said Kobi Rosenwasser, Vice President Marketing & Sales of GPT. "We are pleased with the responses and are now focused on incorporating SCA based products in a wide range of PFC systems".

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.