ISE Corporation Completes $17.5 million Equity Financing
Date: 11/17/2008
Company: ISE Corporation
SAN DIEGO, CA, November 17, 2008 — ISE Corporation (“ISE”), Siemens Venture Capital (“SVC”), Macquarie Clean Technology Fund (“Macquarie”) and DTE Energy Ventures, Inc. (“DTE EV”) today announced the completion of a $17.5 million equity investment in ISE, a leading supplier of advanced hybrid-electric drive systems and components for heavy-duty vehicles. This Series D preferred stock financing also includes additional investments from RockPort Capital Partners (“RockPort”) and NGP Energy Technology Partners (“NGP”), investors in ISE’s previous Series C and Series B preferred stock financings. The funds will be used to continue ISE’s rapidly growing sales to the transit bus marketplace in the US and Europe and the expansion of the company’s prominent energy storage systems.
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