Investment Update: Quantasol Limited

Low Carbon Accelerator Limited (the "Company" or "LCA") announces that it has made a further investment of £1,175,000 in QuantaSol Limited ("QuantaSol") as part of an overall £1,975,000 funding round with Imperial Innovations. LCA will invest the amount in two tranches: £892,405 immediately and a further £282,595 on the achievement of certain milestones. At the same time, LCA has converted its outstanding £400,000 loan in Quantasol into equity.

Following completion of the round, LCA will have invested a total of £2,375,000 in Quantasol and hold 41.4% of the equity on a fully diluted basis.

Quantasol, a developer of 3rd generation solar photovoltaic cells for use in concentrating photovoltaic systems, has already delivered a single junction cell, manufactured on a commercial production line, with an independently verified record efficiency of 28.3%. The current investment round will be used to deliver its first commercial triple junction cell.

Dr Stephen Mahon, Chief Investment Officer at Low Carbon Investors, the investment manager for LCA, said: "This follow-on investment is another good example of LCA's investment strategy of maximising value capture in its strongest performers."

About Low Carbon Accelerator: www.lowcarbon.gg 

Low Carbon Accelerator Limited is a closed ended investment company created to invest in a portfolio of fast-growing low carbon businesses. The Company listed on the AIM Market of the London Stock Exchange on 11 October 2006, raising £44.5 million.

The Company's investment objective is to provide shareholders with an attractive return on their investment primarily through significant minority (predominately 25% and above) holdings in a diverse portfolio of unquoted private companies providing low carbon products and services.

The Company invests principally in companies based in the UK, Scandinavia, Germany and California which provide low carbon products and services across the following sectors:

• Buildings (sustainable building materials, heating, lighting, clean air and water technologies for industrial, commercial and/or residential use)

• Fuels (bio-fuels, low carbon fuels, catalysts and additives)

• Energy efficiency (reductions in energy inputs at source, improved conversion and reductions at point of use)

• Energy generation (sustainable and clean energy, micro and distributed generation)

The Company's investment strategy is to target trading businesses with patentable technologies and products with a clear commercial application and the opportunity to gain a large market share of a new or expanding market. The Company focuses on businesses with experienced management teams who have developed commercially viable products providing easily adoptable solutions which deliver immediate reductions in carbon dioxide emissions. 

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