SINTEF Innovation Concept Sinvent AS 1 1 SINTEF

SINTEF Innovation Concept Sinvent AS 1

1. SINTEF Group 2. SINTEF Innovation concept 3. SINTEF spin-offs. Examples Sinvent AS 2

Technology for a better society Sinvent AS 3

Our partners n The Norwegian University of Science and Technology, NTNU: - 20000 full-time students - 973 scientific employees n University of Oslo, Ui. O, Faculty of Mathematics and Natural sciences: - 4500 full-time students - 518 scientific employees NTNU and the SINTEF Group Collaboration in R & D NTNU personnel working on SINTEF projects SINTEF employees teach at NTNU Joint use of laboratories and instruments Sinvent AS 4

Projects in the SINTEF Group completed in 2005 Size of projects and proportion of turnover (5640 projects in total) 59% 30% 27% 17% 7% Less than 50 000 8% 50 001200 000 12% 14% 10% 16% Proportion of projects Proportion of total turnover 200 001500 000 500 0011000 Over 1000 Project size in NOK Sinvent AS 5

Educational background of research personnel employed by the Foundation 66, 7% Master of Science 9, 5% Cand. polit 11, 3% Cand. scient 12, 5% Other Cand. real. (M. Sc. ) 3. 1% Bachelor of science 2. 9% Master of business 1. 4% 39% of the 1264 researchers in the SINTEF Group have a doctorate. Cand. psychol. (M. Sc. ) 1. 0% Of this group, 22% are women and 78% are men. (31. 12. 2005) Other 4. 1% Sinvent AS 6

Investments in knowledge and scientific equipment, and results as percentage of net revenue SINTEF Petroleum Research SINTEF Energy Research SINTEF Fisheries and Aquaculture MARINTEK SINTEF ICT SINTEF Materials and Chemistry SINTEF Health Research Result Scientific equipment SINTEF Technology and Society Knowledge SINTEF Holding -5% 0 5% 10% 15% Sinvent AS 20% 25% 7

The SINTEF Group revenues The SINTEF Group turnover in 2005: NOK 1. 8 billion Research Council strategic programmes 3% Research Council basic grants 3% International contracts 15% Industry 42% Research Council project grants 14% Public sector 16% Sinvent AS Other income 7% 8

The SINTEF Group SINTEF’s Council SINTEF’s Board President Executive Vice Presidents Corporate Staff Research Divisions SINTEF Health Research SINTEF Building and Infrastructure SINTEF Technology and Society SINTEF ICT SINTEF Materials and Chemistry SINTEF Marine SINTEF Petroleum and Energy SINTEF Holding MARINTEK SINTEF Fisheries and Aquaculture SINTEF Petroleum Research SINTEF Energy Research Sinvent AS 9

The SINTEF Group Social perspective SINTEF wishes to contribute to the creation of value and to a society in healthy sustainable development. Business concept SINTEF sells research-based knowledge and related services to Norwegian and international clients. Fundamental values Honesty, Generosity, Courage and Solidarity SINTEF has 1800 employees, of whom about 1400 are based in Trondheim and 300 in Oslo. SINTEF also has offices in Bergen, Stavanger, Kristiansund, Ålesund Raufoss, Mo i Rana, Hirtshals (Denmark) and Houston (USA). Sinvent AS 10

1. SINTEF Group 2. SINTEF Innovation concept 3. SINTEF spin-offs. Examples Sinvent AS 11

Sinvent AS 12

Legal structure SINTEF Foundation 100% SINTEF Holding AS 100% Companies within the SINTEFGROUP Sinvent AS 100% Sinvent Venture AS 55 mill NOK üSpin offs pre April 9 2002 100% SINTEF Venture AS 100 mill NOK üSpin offs post April 9 2002 Sinvent AS 13

SINVENT AS ü SINTEFs Innovation and Commercialization tool ü Focus on investments, innovation and patents ü 5 employees. The management consist of: ü Anders Lian , Managing Director ü BBA NHH, Norsk Hydro (7 years; Norway, England France), Gjensidige NOR (10 years; Group financials, life insurance, investor relations and private equity) ü Nils Spidsøe , Director ü Master of Science NTNU, 23 years in SINTEF in various positions, including Research Director of SINTEF Civil and Environmental Engineering ü Jostein S. Bjøndal , Investment Manager ü BBA NHH, MIB NHH, SINTEF (5 years; R&D and management), Leiv Eiriksson Nyfotek (3 years; innovation and investment processes), Fokus Bank (2 years; Sales corporate market), Danske Securities (1 year; Corporate Finance) Sinvent AS 14

Investment companies n Sinvent Venture AS n Established 2002, with 55 mill in assets, 25 portfolio companies n 13 exits as per May 2005 n Follow up investments only n SINTEF Venture AS n Established 2002 n 100 mill in committed capital n 5 investments as per December 2005 Sinvent AS 15

1. SINTEF Group 2. SINTEF Innovation concept 3. SINTEF spin-offs. Examples Sinvent AS 16

Spin-offs – some examples Name Phase Industry Kongsberg Maritime AS Stable growth World leader in several fields of maritime information technology. Part (60% of turnover) of Kongsberg Gruppen ASA. In 2000 acquired SINTEF spin-off Navia ASA for NOK 840 mill. http: //www. kongsberg. com Dynal Biotech ASA Growth Biotechnology company focusing on magnetic particle technology for isolation of cells, proteins and nucleic acid. License from SINTEF. Turnover 2003: NOK 527 mill. http: //www. dynalbiotech. com Powel ASA Growth Energy software and services provider. Turnover 2001: NOK 147 mill http: //www. powel. com Mison AS Venture Medical technology, surgery equipment. Some test sales. Turnover 2003: NOK 9 mill. http: //www. mison. no Nacre AS Seed Development of a combined hearing protection and communication system. http: //www. nacre. no Revolt Technology AS Seed High quality battery technology. http: //www. revolt. no Biosergen AS Seed Antibiotics against fungus infections http: //www. biosergen. no Res. Man AS Seed Service provider offering unique chemical solutions for continuous inflow monitoring in hydrocarbon reservoirs wells. http: //www. resman. no Sinvent AS 17

Kongsberg Maritime AS n Starting out as a spin-off from SINTEF in 1984, Seatex AS expanded through M&As to the maritime and aviation positioning and instrumentation company Navia ASA. n The company was listed in 1993 and sold to Kongsberg Gruppen ASA in 2000. n Current product line: n Positioning: n Vessel Reference Systems n Satellite Reference Systems n Vessel Tracking Systems n Instrumentation: n Interactive Fire Alarm Systems n Condition monitoring sensors Sinvent AS 18

Dynal Biotech ASA n Based on the discovery of Professor John Ugelstad in 1979 - the making of uniform polystyrene spheres of exactly the same size. n Prof. Ugelstad and his colleagues made these spheres magnetisable and, moreover, superparamagnetic n Current product areas: n Immunology n Molecular biology n Microbiology n Tissue typing Sinvent AS 19

Powel ASA n Norway second in Europe to deregulate energy markets n Powel spun out in 1998 from strong SINTEF energy R&D institute n Its modular software products and services in regular use by more than 150 utilities n Several products, including systems that n support decision-making within generation planning, forecasting, power trading and risk management. n provide documentation, planning, operation and maintenance of power supply installations. Sinvent AS 20

Metaphor AS n Provides tools for broadcasting of weather: Software, hardware, meteorological data, maps, and symbols. n Its products are used today by over 100 television stations and Meteorological Institutes worldwide to ingest data and create "ready to air" weather shows. n A new daughter company: Weather. One will provide every possible product needed for the broadcast of weather. This new venture further proves the commitment of Metaphor AS to be the world leader in weather broadcasting. Sinvent AS 21

Mison AS n The city of Trondheim is an internationally recognized centre of excellence for ultrasound technology n MISON´s core technology is the combination of ultrasound and navigation n Two products: Sono. Wand Sono. Doppler. n Main features: n optimize ultrasound image quality for surgical applications n track the position of ultrasound probes and surgical instruments n acquire high precision 3 D ultrasound images Sinvent AS 22

Nacre AS n Nacre sells products based on its unique digital sound technology. n Quiet. Pro is an adaptive intelligent hearing protector and communication terminal. Quiet. Pro will be developed in several verisons to fit military, aviation and industrial customers. Sinvent AS 23

Re. Volt Technology AS n SINTEF and Viking Venture have set up a new company which will develop and market high quality batteries n The new batteries result from SINTEF research within materials, battery and fuel cell technology n Target market no 1: n Batteries for cell phones, portable PCs and digital cameras. n The Re. Volt battery is 4 -5 times more efficient than current leading edge technology n Other markets: n Transportation n Power generation industry Sinvent AS 24

Biosergen AS n Company established 29. November 2004 n Genetic engineering from SINTEF and NTNU n International cooperation with Karolinska Innovations AB regarding commercialization n Shareholders: n SINTEF Venture AS n Karolinska Institutet Holding AB n Business concept: Development and license of Nystatin derivates for use in production of antibiotics against fungus infections n Large and growing market – 4, 3 mrd USD today n Norwegian Company – Research and development in Trondheim. Swedish CEO and Chairman. Sinvent AS 25

Res. Man AS n Company established 12. May 2005 n A start-up company based on technology from SINTEF and IFE. n The company established with active support of Statoil Innovation AS n Investors: SINTEF, IFE, Statoil Innovations & management n Res. Man AS will produce chemical intelligent materials to monitor flows in oil and gas wells. The whole process will take place without the use of cables. n Res. Man will be tackling a large global market, and current market contacts indicate a high level of interest in its product from several countries. Sinvent AS 26