ThinGap Corporation AWARDED MOST PROMISING PRESENTER AWARD
FROM CLEANTECH VENTURE NETWORK

VENTURA, CALIFORNIA – JUNE 14, 2004 – ThinGap Corporation, the leader in high power density brushless and brush DC motors, today announced it received the Most Promising Presenter Award from the Cleantech Venture Network. The award includes a package worth over $15,000 of goods and services from a variety of legal, public relations and technical service providers.

“ThinGap is elated that our unique technology, designed to provide high efficiency motion at lower costs and improve the quality of life, is being recognized by the members of the CleanTech Venture Network,” said Rick Noling, CEO, ThinGap Corporation. “Winning the CleanTech award validates the venture capital community’s interest in ThinGap’s motion technology solutions.”

"This is quite an honor for both ThinGap and its CEO Rick Noling,” says Keith Raab, CEO of Cleantech Venture Network. “Most of our conference attendees are seasoned venture investors who have vetted hundreds of clean technology companies. This award for ThinGap is a sign that the investor community sees great potential.”

Attendees of the Cleantech Venture Forum IV in San Francisco were asked to vote for the company that represents the most promising venture investment opportunity at this year’s event. ThinGap Corporation won the vote.

The ThinGap electromotive coil technology uses multiple precision-machined copper sheets to replace the magnet wire and iron core of conventional motors. This innovative, patented design eliminates magnetic saturation, eddy currents, and hysteresis associated with the conventional iron core designs, improving controllability and power density. I2R losses are minimized by the ultra low resistance coil, which also contributes to high efficiency. The precision wall of the stator coil allows for a narrow air gap between the rotor and stator assembly enabling higher magnetic flux density for improved utilization of the magnetic circuit enhancing shaft power.

For more information, contact ThinGap Motor Technologies, 2064 Eastman Avenue #107, Ventura, California 93003, Tel: (805) 477-9741, Fax: (805) 477-7535, http://www.ThinGap.com.

About the Cleantech Venture Network

The Cleantech Venture Network is a unique opportunity for investors and others to profitably facilitate the growth of young companies with the potential for delivering major economic, environmental and social benefits. Cleantech organizes venture forums, provides deal flow, publishes its venture monitors and offers related services to investors and entrepreneurs. In doing so, the Network will accelerate the development of the next and necessary wave of ventures.

Cleantech provides leading edge information related to clean technology venturing in its quarterly publications. Value-added information such as clean technology deal tracking, deal profiles, international activity and a first look at some of the most promising technology areas is provided in each report. For more information, please visit: http://cleantechventure.com

About ThinGap

ThinGap®Corporation designs, develops and manufactures a line of high power density brushless and brush DC motors utilizing a patented electromotive coil technology, which replaces the iron core and wire windings of conventional motors. These high efficiency motors are utilized for aerospace, military, medical instrumentation and devices, and industrial applications including robots, wafer handling, power tools, machine tools, air bearing spindles, factory automation, material handling, packaging equipment, unmanned vehicles, and fuel cells. ThinGap also manufactures motor part sets, generators and controllers/drives. Manufacturing is done in its Ventura, California facilities.