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VALERE POWER RAISES ADDITIONAL $18 MILLION TO ACCELERATE EXPANSION
LEHMAN BROTHERS JOINS THE VALERE INVESTMENT TEAM Richardson, TX—May 24, 2006—Valere Power, an innovative leader in the provision of DC power systems for the telecommunications industry, today announced that it has closed a round of venture capital financing, raising $18 million to fund accelerated market expansion and new product development. With this investment, Valere has raised a total of $66 million in capital since its founding in 2001. This latest funding from Valere’s existing investors Alcatel Ventures; Dali-Hook Partners; JPMorgan Partners; and Sierra Ventures also included a $7.5 million investment from Lehman Brothers. Valere Power, who was recently named a Rising Star on the 2005 Deloitte Technology Fast 500 for its rapid revenue growth over a three year period, plans to use the funding to continue its expansion into new markets. “We are extremely pleased by the enthusiastic customer acceptance of our products and technology in both the North American and International markets,” said Andy Marsh, president and CEO of Valere Power. “This additional investment will allow us to accelerate our growth in the global markets we have recently entered, through the rapid introduction of new products and the further development of our operational infrastructure.” “The outstanding growth that Valere has achieved speaks volumes for its products, its customer-focus, and its people,” said Jeff Drazen, general partner of Sierra Ventures and Chairman of Valere’s Board of Directors. “We believe that this investment will allow Valere to both continue its impressive growth in North America and quickly achieve comparable success in the global markets it serves.” Drazen added, “The addition of Lehman Brothers to our team of investors brings resources and expertise that will make a valuable contribution to Valere’s growth. We welcome them aboard.” Valere Power leverages its patented high-efficiency zero-voltage switch mode (ZVSM) power conversion technology to develop an industry-leading line of DC power systems. The technology offers up to 94% efficiency, resulting in rectifiers that are more than 50% smaller and 35% cooler than competing technologies ABOUT VALERE POWER
Valere Power, headquartered in Richardson, TX, is an industry leader in providing advanced AC/DC power systems. With proprietary technologies that reduce power dissipation and energy costs, simplify installation, and provide advanced remote monitoring, Valere is a key equipment provider to communications and enterprise carriers and OEMs. More information is available at www.valerepower.com.
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