Konarka Technologies names Daniel Patrick McGahn as executive vice president and chief marketing officer

Lowell, MA, Oct. 17, 2003 — Konarka Technologies, Inc. announced it has appointed Daniel Patrick McGahn as the company’s executive vice president and chief marketing officer. Konarka is a developer of polymer photovoltaic products that provide a source of renewable power in a variety of form factors.

Konarka’s photovoltaic nanotechnology is focused on delivering lightweight, flexible, scalable and manufacturable products. The new hire will provide Konarka with a seasoned sales and marketing expert that will aggressively drive Konarka’s growth, commercialization of products and market expansion.

“As the former COO of Hyperion, Daniel commanded and grew one of the most successful, profitable nanotechnology companies in the world,” said Howard Berke, Chairman, Konarka Technologies, Inc. “His proven business expertise will assist Konarka with productization, revenue production and, ultimately, profitability,” he added.

Daniel previously served as COO and General Manager at Hyperion Catalysis, the world leader in carbon nanotube development, where he managed the company’s domestic and international operations in 16 countries, directed product development and led the build-out of Hyperion’s manufacturing facilities.

Under McGahn’s leadership, Hyperion Catalysis launched over 40 revolutionary products used in automobiles, fuel connectors and filters, computer hard drives and semi-conductor handling, processing and control systems, packaging, copy machine handling and imaging instrumentation. Prior to Hyperion, Daniel served as the Director of Business Development and Operations for IGEN International where he developed biological detection and measurement systems and was responsible for product development, marketing and operations. McGahn holds a B.S. in Ocean Engineering and a Master of Engineering degree from the Massachusetts Institute of Technology.

“With Daniel’s outstanding advanced materials business development track record, he will further expand our outstanding management team as we transform our firm from a new technologies developer to a global manufacturing and products provider,” said Dr. Bill Beckenbaugh, President and Chief Executive Officer, Konarka Technologies, Inc.

“I am extremely pleased to join Konarka’s strong management team and take the company’s polymer photovoltaic products to market for commercial, industrial, government and consumer applications,” said Daniel Patrick McGahn, Chief Marketing Officer, Konarka Technologies, Inc. “My industry vision and business experience will help establish Konarka as a leader in these multi-billion dollar markets,” he added.

In a fraction of a day, the sun delivers enough energy to supply the world’s energy needs for a year. Konarka’s photovoltaic technologies convert sunlight, as well as indoor, artificial light, into direct current (DC) electrical power. The company uses low temperature production methods to put the photovoltaic cells onto flexible, light-weight plastics, rather than on rigid, heavy glass.

About Konarka Technologies, Inc.

Konarka Technologies Inc. is a 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 a technical team that includes Nobel Laureate Professor Alan Heeger (UC Santa Barbara), Dr. Michael Gràƒ¤tzel (Ecole Polytechnic Fàƒ©dàƒ©rale de Lausanne) and Dr. N. Serdar Sariciftci (Johannes Kepler University). Konarka is funded by Draper Fisher Jurvetson, Zero Stage Capital, Ardesta LLC, NGEN, ChevronTexaco and Eastman Chemical Company. Konarka Technologies is headquartered in Lowell, MA and has subsidiaries in Linz, Austria and Zug, Switzerland. For more information, visit www.konarkatech.com or contact Joe Romano, Partner, HighGround, Inc. at 781-279-1320 x 208 or jromano@highgroundinc.com.

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