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Capital/Financing Update • Feb 27, 2008

News Details

Ad-hoc | 27 February 2008 06:49

New Value invests CHF 2.23 million in Silentsoft

NEW VALUE AG / Miscellaneous

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Announcement of new investment in Silentsoft SA, Morges

New Value invests CHF 2.23 million in Silentsoft

New Value AG (SWX: NEWN) invests in Silentsoft SA, a leading machine to
machine (M2M) operator, located in Morges, Switzerland. The company has
developed a proprietary technology, as well as operation processes and
software, to build, operate and maintain large size networks for monitoring
of remote devices. These systems provide measurement, automatic
transmission and analysis of data from remote tanks for bulk ware like
liquids or powders. Silentsoft has closed a financing round of CHF 4.4
million that will ensure the future growth of the company. In addition to
significant participations by existing investors including CHF 1.5 million
by Venture Incubator AG, Zug, New Value has become a new Silentsoft
shareholder with an investment of CHF 2.23 million. This new equity
participation broadens New Value's attractive portfolio composed of
privately held growth companies, following its investment policy.
Information technology is one of New Value’s core investment focuses and
Silentsoft complements the segment of growth companies in an advanced stage
of maturity.

Silentsoft is a pioneer in the M2M business, beginning its activities back
in 2000 as a start-up in the PSE Parc Scientific at the EPFL in Lausanne.
Silentsoft has become the European leader in the provision of M2M operator
services to the building management sector. The company acts as a system
integrator, measuring tanklevels, periodically transmitting the collected
data via the mobile network to Silentsoft's server. After consolidating the
data, the clients can access, analyse and further process the information.
Automated import into the clients ERP-systems is possible as well.
Silentsoft manufactures and installs sensors and GSM/GPRS transmitters,
assures data collection and management, and provides business information
on tank levels and metering to its clients via internet. Clients improve
logistics and avoid inefficient delivery scheduling, therefore saving
costs. Avoiding unnecessary shipments has a positive impact on
environmental emission.

Fast growing market
Silentsoft's most advanced service in the market allows building management
companies to remotely manage their heating oil and gas tanks. The service
center in Lausanne is connected to thousands of tanks, located in
Switzerland, Germany, France and Belgium. Silentsoft will expand its
activities around its core business: the data management of remote devices
as a service model. Its platform, based on proven service procedures and
technology, has potentially many new applications in the field of the fast
growing M2M market. The strategic focus is the fast expansion of the
customer base as well as the enlargement of the range of applications
provided to existing and new customers. Additional target markets to be
developed are e.g. waste collection, silos for agricultural bulk products
and tanks for cement and water. According to Harbor Research, a leading
provider of research services for the M2M sector, M2M device revenues are
expected to grow at an annualized rate of 27% over the next 5 years.

Ingredients for business expansion
'Silentsoft is growing rapidly throughout Europe and this capital increase
will ensure the resources are in place to provide a 'carrier grade' service
to our expanding client base', said Alan Tawil-Kummermann, Silentsoft
Chairman of the Board.

Charles Upchurch has been appointed as Chief Executive Officer of the
company. Before joining Silentsoft, he has been CEO of a Geneva based
software company, TATIS SA, which he led recently to a successful trade
sale. Previously, he spent 16 years with Société General de Surveillance
(SGS) where he held senior positions in the Geneva headquarters and the
North American and Asian affiliates. Charles Upchurch replaces Alan
Tawil-Kummerman who will provide his experience and leadership as Board
Chairman.

New Value will become a 15.8% shareholder of Silentsoft and also be
represented in the Board of Directors. 'Silentsoft has a proven track
record and a rock solid business model. The company has acquired large
customer accounts and is capable to efficiently handle high volumes of
installations', said Peter Letter, head of New Value's investment team.
'This financing round will enable the company to further increase its
customer base and expand its proven business model to new applications. We
particularly like Silentsoft's revenue model with a substantial portion of
recurring revenues and high customer retention.'

Information about New Value AG
New Value, officially quoted at the SWX Swiss Exchange, invests directly in
private and rising companies from Switzerland or the rest of the
German-speaking region with above average market and growth potential. As
an investment company, New Value promotes innovative business models with
venture capital and accompanies those to market success. The portfolio
covers companies of different maturity levels, starting with the market
introduction phase up to the establishment as medium-sized enterprises with
stable profits. A broad basic approach is being purposely selected. The
portfolio covers companies from the sectors renewable energy, medical
technology, health, information technology and new materials. New Value
assigns great value to ethical business concepts and good corporate
governance while selecting their portfolio companies. Criteria as
meaningfulness, social compatibility and ecological sustainability are
considered by New Value as decisive competition advantages, which affect
and promote the quality of the product and the service offer and thus,
facilitate an above average increase of value potential. Since the
formation of New Value, EPS Value Plus AG, Zurich, manages as investment
manager.
27.02.2008 Financial News transmitted by DGAP

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Language: English
Issuer: NEW VALUE AG
Bodmerstrasse 9
8027 Zürich
Schweiz
Phone: +41-43-344 38 38
Fax: +41-43-344 38 39
E-mail: info@newvalue.ch
Internet: www.newvalue.ch
ISIN: CH0010819867
WKN: 552932
Listed: Freiverkehr in Berlin, München, Stuttgart, Düsseldorf; Open
Market in Frankfurt; Foreign Exchange(s) BX, SWX

End of News DGAP News-Service

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