Day4 Energy Inc receives 2006 Canadian Institute of Energy Research & Development Award

May 31, 2006 (Get the printable version here )

BURNABY, BC – Day4 Energy Inc. is pleased to announce that it has been awarded the 2006 Energy Research and Development Award by the Canadian Institute of Energy (B.C.). The Energy Research and Development Award recognizes the efforts of B.C.-based firms that are conducting leading-edge research into energy technology. The evaluative criteria considered in this award include the degree of innovation, commercial market potential, environmental benefits, as well as the indirect benefits (such as productivity increases and product quality improvements) resulting from the research.

Professor Leonid Rubin, Vice President and Chief Technology Officer accepted the award on behalf of the Company. John MacDonald, Chairman and CEO of Day4 Energy, said: “Day4 is honoured to receive this award from the Canadian Institute of Energy (B.C.). ”It is recognition by our peers of the rapid progress we have made in bringing an advanced photovoltaic technology with the potential to dramatically improve the economics of solar power generation into commercial production."

Timo Makinen, Energy Awards Chair of the Canadian Institute of Energy (B.C.) said: “We are extremely pleased to present this year’s Research and Development award to Day4. We are pleased to see that cutting-edge technology such as Day4's continues to be developed in B.C., and we look forward to seeing Day4 continue to bring its advanced products to market.”

About Day4 Energy Inc.

Day4 Energy Inc. is a manufacturer of Photovoltaic modules and receivers for a variety of applications ranging from “one-sun” flat panel modules to specialized Photovoltaic receivers designed to operate under sun concentration ratios of up to 7-times above normal levels. All of the company’s products are based on a proprietary technology for contacting and interconnecting crystalline silicon Photovoltaic cells. Day4 is currently on track to launch commercial manufacturing of its “one-sun” PV power generation products in 2006. Unique characteristics include exceptionally high power density and refined esthetic appearance. The company is continuing to push forward with its sun concentrator program that holds the promise of
dramatic cost reduction of PV power generation in the near future.

About The Canadian Institute of Energy (B.C.)

The Canadian Institute of Energy (B.C.) (www.cienergy.org) is a broadly based, non-profit organization open to those involved in all aspects of the energy industry. The objectives of the B.C. Division are to provide a British Columbia perspective on energy technology, business and policy; to encourage energy research, education and dissemination of topical information; and to provide an unbiased forum for discussion and debate of energy-related issues. Membership at both the organizational and individual level is comprised of representatives of B.C. energy companies, consulting and service firms related to the energy industry and government and regulatory agencies.