Cobalt Technologies Selected by Biofuels Peers as 2010 Transformative Technology

Company Also Ranked First for Biobutanol Category in Biofuels Digest Competition

MOUNTAIN VIEW, Calif., June 22 -- Cobalt Technologies, the leader in commercializing biobutanol as a renewable chemical and fuel, today announced it was named to the Biofuels Digest "30 Most Transformative Technologies of 2010" and ranked first in the competitive biobutanol category. More than 48,000 votes were cast during a three-week online voting process.

"There is a growing recognition of the value of biobutanol as a renewable chemical and fuel and our technology has the ability to be first to market with commercial-scale biobutanol production," said Rick Wilson, CEO of Cobalt Technologies. "Our plan is to increase awareness about butanol's benefits and to scale up rapidly and economically by co-locating facilities next to strategic industry partners."

Cobalt Technologies, which converts non-food feedstock, such as forest waste and mill residues, into biobutanol, was selected from more than 250 companies, universities and national laboratories. Additionally, the voting confirmed the rise of biobutanol as a second generation biofuel technology, as four of the five companies in the biobutanol category made the top 30.

Cobalt's continuous butanol production system is based on advancements in microbial strain selection, bioreactor design and process engineering, resulting in a highly productive, capital-efficient, low-cost solution. The company recently demonstrated the conversion of beetle-killed lodgepole pine into a low-carbon, sustainable biofuel and chemical, which is currently being tested in engines by Colorado State University's renowned Engines and Energy Conversion Laboratory.

Cobalt is backed by leading investors in the cleantech sector, including Pinnacle Ventures, Vantage Point Venture Partners, Burrill and Company, Malaysian Life Sciences Capital Fund, Life Science Partners (LSP), @Ventures, and Harris & Harris.

About Cobalt Technologies

Cobalt Technologies replaces petrochemicals and petroleum with a highly profitable and renewable alternative - biobutanol. The company's technology and engineering platform offers a continuous process to efficiently convert diverse non-food feedstocks - beginning with waste wood - into biobutanol. Cobalt biobutanol is versatile and can be sold as is for use in paints, coatings and other chemical products; blended with gasoline, diesel and ethanol; or converted into bio-based plastics or full performance jet fuel and diesel. Engineered to achieve low costs through high productivity, energy efficiency and the use of low-cost feedstock, Cobalt is making biobutanol and its derivatives a cost effective substitute to petroleum-based materials. Cobalt is based in Mountain View, CA.

For further information, please visit www.cobalttech.com.