Konarka Chosen as One of InnovationWORLD's Top 21 Companies

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[November 08, 2004]

Konarka Chosen as One of InnovationWORLD's Top 21 Companies

LOWELL, Mass. --(Business Wire)-- Nov. 8, 2004 -- Konarka Technologies, Inc., an innovator in developing and manufacturing power plastics that convert light to energy, today announced InnovationWORLD, a leading source of business intelligence on growth-stage companies, named the Company to the InnovationWORLD 21 (IW21). The IW21 recognizes 21 companies like Konarka that are poised for growth in the 21st century by combining promising products with solid financial and operational qualities.

"Throughout the last year, Konarka has been achieving its goals and positioning itself for growth and expansion," said Howard Berke, chairman and chief executive officer, Konarka. "Having InnovationWORLD acknowledge our success is terrific validation of our plan to go to market with viable light-activated power plastics that deliver on the promise of solar energy."

InnovationWORLD TechALERT reporters research thousands of companies each year to identify and report on growing firms for their subscribers. Out of the 240 companies they wrote about during the past year, the InnovationWORLD 21 represent the most promising companies that investors, foreign locations, professional services firms and other organizations seeking to support expansion-stage companies should be talking to and working with. Konarka was profiled in July 2004.

About Konarka Technologies, Inc.

Konarka builds products that convert light to energy - anywhere. Konarka is the leading developer of polymer photovoltaic products that provide a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications. Konarka's photovoltaic nanotechnology is focused on delivering lightweight, flexible, scalable and manufacturable products. Konarka has a broad portfolio of patents, technology licenses and an accomplished technical team. Nobel Laureate Professor Alan Heeger (UC Santa Barbara) is the chief scientist for Konarka, and Dr. Michael Gratzel (Ecole Polytechnique Federale de Lausanne) is a senior scientific advisor. Konarka Technologies is headquartered in Lowell, Mass., U.S.A., with research and development subsidiaries in Austria, Germany and Switzerland. For more information, visit www.konarka.com or contact Tracy Wemett, BroadPR, at 617-868-5031 or tracy@broadpr.com.

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